Lixiang Education Holding Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	32.85	32.8	50.82	41.35	34.44	25.7
Revenue	32.85	32.8	50.82	41.35	34.44	25.7
Revenue Growth (YoY)	-19.68%	-35.45%	22.88%	20.09%	33.97%	91.38%
Cost of Revenue	41.21	35.85	46.85	40.4	17.36	10.75
Gross Profit	-8.36	-3.05	3.97	0.95	17.08	14.95
Selling, General & Admin	23.21	22.91	25.46	27.73	18.37	10.12
Operating Expenses	23.21	22.91	90.6	27.73	18.37	10.12
Operating Income	-31.57	-25.96	-86.64	-26.78	-1.29	4.83
Interest Expense	-3.36	-2.86	-3.63	-4.01	-2.39	-0.9
Interest & Investment Income	0.07	0.29	0.13	0.07	0.01	0.02
Other Non Operating Income (Expenses)	2.7	3.83	12.34	16.84	1.77	-0
EBT Excluding Unusual Items	-32.16	-24.7	-77.8	-13.88	-1.9	3.95
Impairment of Goodwill	-	-	-22.68	-18.84	-	-
Other Unusual Items	-	-	-	22.85	2.82	-
Pretax Income	-32.16	-24.7	-100.48	-9.87	0.92	3.95
Income Tax Expense	-0.04	-	3.12	0.05	0.67	-
Earnings From Continuing Operations	-32.13	-24.7	-103.6	-9.92	0.25	3.95
Earnings From Discontinued Operations	-	-	-23.39	1.83	-244.07	29.64
Net Income to Company	-32.13	-24.7	-126.99	-8.09	-243.82	33.59
Minority Interest in Earnings	-0	0.07	0.36	0.3	-	-
Net Income	-32.13	-24.63	-126.63	-7.79	-243.82	33.59
Net Income to Common	-32.13	-24.63	-126.63	-7.79	-243.82	33.59
Net Income Growth	-	-	-	-	-	-28.90%
Shares Outstanding (Basic)	10	1	1	1	1	1
Shares Outstanding (Diluted)	10	1	1	1	1	1
Shares Change (YoY)	857.35%	48.46%	17.88%	-	23.08%	8.33%
EPS (Basic)	-3.24	-21.11	-161.14	-11.68	-365.73	62.00
EPS (Diluted)	-3.24	-21.11	-161.14	-11.68	-365.73	62.00
EPS Growth	-	-	-	-	-	-34.37%
Free Cash Flow	-	-18.62	-61.38	39.67	28.36	45.55
Free Cash Flow Per Share	-	-15.96	-78.10	59.51	42.54	84.09
Gross Margin	-25.45%	-9.30%	7.80%	2.29%	49.60%	58.17%
Operating Margin	-96.09%	-79.15%	-170.49%	-64.75%	-3.75%	18.79%
Profit Margin	-97.79%	-75.08%	-249.20%	-18.84%	-708.02%	130.66%
Free Cash Flow Margin	-	-56.77%	-120.78%	95.93%	82.35%	177.19%
EBITDA	-26.76	-20.38	-79.53	-18.89	3.94	9.69
EBITDA Margin	-81.44%	-62.14%	-156.50%	-45.68%	11.46%	37.71%
D&A For EBITDA	4.81	5.58	7.11	7.89	5.24	4.87
EBIT	-31.57	-25.96	-86.64	-26.78	-1.29	4.83
EBIT Margin	-96.09%	-79.15%	-170.49%	-64.75%	-3.75%	18.79%
Effective Tax Rate	-	-	-	-	72.95%	-
Revenue as Reported	32.85	32.8	50.82	41.35	34.44	25.7

Updated Oct 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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