AZINasdaqServices-Automotive Repair, Services & ParkingUS GAAP · USD

Autozi Internet Technology (Global) Ltd.

Autozi Internet Technology (Global) Ltd. is a Beijing-based automotive services and supply-chain technology company focused on lifecycle vehicle services in China. Its business combines online and offline automotive products and services with cloud-based supply chain tools and SaaS solutions that connect industry participants across the vehicle ecosystem.

Revenue123m USD
−1.6 %y/y
Operating profit (EBIT)-17.5m USD
−221.3 %y/y
EBIT margin-14.3%
−9.9 ppy/y
Net income-16.6m USD
−49.2 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-50050100150m USD2022: 120 m USD2022: EBIT -4.7 m USD20222023: 114 m USD2023: EBIT -7.3 m USD20232024: 125 m USD2024: EBIT -5.4 m USD20242025: 123 m USD2025: EBIT -18 m USD2025123-18
RevenueOperating profit (EBIT)

Business

Share of revenue
Automotive products and services45 %

Retail and service offerings tied to vehicle ownership, maintenance, and repair.

Lifecycle automotive services20 %

Broader vehicle-related services spanning the ownership and maintenance cycle.

Online automotive commerce15 %

Digital channels used to sell automotive products and connect buyers and sellers.

Offline service network10 %

Physical service points and partner channels supporting local customer fulfillment.

Supply-chain cloud and SaaS10 %

Technology tools that connect automotive industry participants and streamline workflows.

Products

Reported · share of revenue
99.2%FY2025100 %
  • Auto Parts and Auto Accessories Sales99.2 %
  • New Car Sales0.8 %

Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Autozi serves automotive industry participants and end users that need products and services across the vehicle lifecycle. Its platform model suggests a mix of consumer-facing demand for automotive services and business demand from channel partners, suppliers, and other ecosystem participants that use its technology and supply-chain tools.

Vehicle owners

Buy automotive products and lifecycle services for maintenance, repair, and upkeep.

Automotive channel partners

Buy access to supply-chain and workflow tools to improve coordination and fulfillment.

Online automotive shoppers

Purchase products through digital channels for convenience and broader selection.

Offline service customers

Use physical channels for installation, repair, or in-person service support.

Strategy

Autozi’s strategy centers on combining automotive commerce, service delivery, and technology into one ecosystem. By linking online channels, offline service points, and supply-chain SaaS, it aims to improve customer reach, operational efficiency, and participant connectivity across the Chinese auto market.

Platform integrationMedium term

A combined commerce-and-technology model can deepen customer relationships and increase switching costs.

Channel expansionShort term

Using both online and offline channels broadens access to automotive customers and supports service fulfillment.

Ecosystem connectivityMedium term

Connecting suppliers, service providers, and customers improves collaboration and can strengthen market position.

Geography

The company’s operating focus is China, where it offers automotive products and services nationwide through online and offline channels. Its principal executive offices are in Beijing, and its platform is designed to connect participants across the Chinese automotive supply chain.

Risks

Autozi’s business is exposed to Chinese automotive demand, competitive intensity in online and offline auto services, and execution risk in scaling a platform that depends on many ecosystem participants. As a foreign private issuer with U.S. listing exposure, it also faces capital-market, compliance, and listing-standard risk, while the reports indicate prior going-concern uncertainty that investors must monitor closely.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Going-concern and financing risk1Competitive pressure3China market concentration2Execution and platform adoption4Nasdaq compliance risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Going-concern and financing riskImpact: CriticalLikelihood: Medium

    The filing notes prior audit language regarding substantial doubt about continuation as a going concern.

    ExposureLiquidityAccess to capitalOperational continuity
  2. China market concentrationImpact: HighLikelihood: High

    The company’s services and platform are centered in China, creating exposure to local demand and regulatory conditions.

    ExposureAutomotive productsServicesSupply-chain technology in China
  3. Competitive pressureImpact: HighLikelihood: Medium

    Automotive services and digital commerce are competitive, and customers can shift to alternative channels or providers.

    ExposureOnline automotive salesRepair-related servicesSaaS tools
  4. Execution and platform adoptionImpact: MediumLikelihood: Medium

    The model depends on coordinating online, offline, and supply-chain participants, which requires operational execution.

    Exposure: Supply-chain cloud platform and SaaS ecosystem

  5. Nasdaq compliance riskImpact: MediumLikelihood: Medium

    Listed companies must maintain exchange standards, and noncompliance can affect market access and investor sentiment.

    Exposure: Nasdaq Global Market listing

Accounting

Judgemental items
Going-concern assessment

The auditors' report included substantial doubt language, which can affect disclosure, valuation assumptions, and financing perception.

Impact: May influence asset and liability measurement and investor confidence

Revenue recognition

The company appears to sell a mix of products, services, and SaaS, which may require separate recognition patterns.

Impact: Can affect timing of reported revenue across periods

Share-based compensation

The company adopted an amended equity incentive plan, increasing the need to account for stock-based awards.

Impact: Affects operating expense and diluted share count

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026