KXINNasdaqRetail-Auto Dealers & Gasoline StationsUS GAAP · USD

Kaixin Holdings

Kaixin Holdings is a Cayman Islands holding company with operating businesses in the automotive industry in China. Its business has been associated with auto dealership-related activities and automotive services, with operations managed from China while the company is listed in the United States.

Liikevaihto0,1milj. USD
−99,6 %v/v
Liikevoitto (EBIT)−31,6milj. USD
−65,0 %v/v
EBIT-marginaali−24 489,9%
−24 429,2 %-yks.v/v
Nettotulos−53,9milj. USD
−31,6 %v/v
Vapaa kassavirta−2,6milj. USD
+14,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−1000100200300milj. USD2020: 1,2 milj. USD2020: EBIT −6,3 milj. USD20202021: 254 milj. USD2021: EBIT −183 milj. USD20212022: 83 milj. USD2022: EBIT −48 milj. USD20222023: 32 milj. USD2023: EBIT −21 milj. USD20232024: 32 milj. USD2024: EBIT −19 milj. USD20242025: 0,13 milj. USD2025: EBIT −32 milj. USD20250,13−32
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Automotive dealership services60 %

Services and commercial activities tied to auto dealerships and vehicle retailing.

Vehicle sales and distribution25 %

Direct and indirect activities related to sourcing, selling, and distributing vehicles.

Automotive service offerings15 %

Customer-facing services that support vehicle ownership and dealership engagement.

Asiakkaat

Kaixin serves automotive buyers and dealership partners in China, with demand tied to vehicle retail activity and related services. Its customer base is centered on end consumers purchasing vehicles and on auto dealerships that participate in sales, distribution, and service relationships.

Retail vehicle buyers

Consumers buying vehicles through dealership channels and related automotive services.

Auto dealerships

Dealership partners that support vehicle sales, distribution, and customer access.

Automotive service users

Customers purchasing ancillary services tied to vehicle ownership and dealership engagement.

Strategia

Kaixin’s stated priorities center on strengthening relationships with auto dealerships, improving user experience, and expanding its infrastructure and service offerings. These priorities support its role as an automotive industry platform in China and are intended to deepen commercial ties across the dealership ecosystem.

Deepen dealership relationshipsLyhyt aikaväli

The business depends on access to auto dealerships for sales and service activity.

Enhance user experienceKeskipitkä aikaväli

Better customer experience can support repeat usage and platform relevance.

Expand infrastructure and service offeringsKeskipitkä aikaväli

Broader capabilities can support scale and improve the company’s automotive service footprint.

Maantiede

Kaixin’s operating business is in China, while the parent company is incorporated in the Cayman Islands and listed in the United States. The company’s principal executive office is in Zhejiang Province, China, which anchors its operating footprint and exposure to Chinese automotive market conditions.

Riskit

Kaixin is exposed to competitive pressure in China’s automotive industry, where dealership relationships and customer demand can shift quickly. Its business is also sensitive to government policy, regulatory changes, and execution risk around maintaining service quality and partner relationships.

Järjestetty vakavuuden mukaan
Competition in ChinaKorkea

The company operates in a competitive automotive market where rivals can pressure customer acquisition and partner retention.

Kohdistuu: China automotive market

Dealership relationship concentrationKorkea

The business model relies on retaining and strengthening relationships with auto dealerships.

Kohdistuu: Auto dealership network

Regulatory and policy changesKeskitaso

Government policies can affect automotive operations, licensing, and market access in China.

Kohdistuu: China

Kirjanpito

Harkinnanvaraiset erät
Consolidation and entity structure

A Cayman holding company with China operations may rely on multiple legal entities that must be consolidated correctly.

Vaikutus: Affects reported revenue, assets, and liabilities

Asset impairment

Automotive-related assets and intangibles may need impairment if operating performance weakens.

Vaikutus: Can materially reduce reported earnings and equity

Estimates and contingencies

Operating businesses often involve provisions, legal exposures, and judgment-based accruals.

Vaikutus: Can change expense recognition and balance sheet reserves

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 18.7.2026