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Lixiang Education Holding Co. Ltd.: 20-F filed 2024-05-15

What Lixiang Education Holding Co. Ltd. reported in its annual report (foreign private issuer) filed 2024-05-15 (fiscal FY 2023): 51 published measures, 167 facts as tagged in accession 0001213900-24-043569.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2024-05-15
Fiscal period
fiscal FY 2023
Accession
0001213900-24-043569 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Lixiang Education Holding Co. Ltd. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2023-12-31433,971,070CNY
At 2022-12-31608,926,454CNY
At 2023-12-3161,123,547USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2023-12-31276,872,159CNY
At 2022-12-31355,435,687CNY
At 2023-12-3138,996,628USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2023-12-31157,409,498CNY
At 2022-12-31252,942,136CNY
At 2023-12-3122,170,664USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2023-12-31227,040,251CNY
At 2022-12-31246,270,442CNY
At 2023-12-3131,977,951USD

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-59,199,475CNY365
2022-01-01 to 2022-12-3140,967,701CNY365
2021-01-01 to 2021-12-3130,607,600CNY365
2023-01-01 to 2023-12-31-8,338,074USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2023-01-01 to 2023-12-312,177,538CNY365
2022-01-01 to 2022-12-311,296,464CNY365
2021-01-01 to 2021-12-312,249,341CNY365
2023-01-01 to 2023-12-31306,700USD365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2023-01-01 to 2023-12-3150,815,416CNY365
2022-01-01 to 2022-12-3141,353,741CNY365
2021-01-01 to 2021-12-3134,436,772CNY365
2023-01-01 to 2023-12-317,157,202USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2023-01-01 to 2023-12-3144,083,908CNY365
2022-01-01 to 2022-12-31-11,218,750CNY365
2021-01-01 to 2021-12-31115,671,061CNY365
2023-01-01 to 2023-12-316,209,087USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-7,576,283CNY365
2022-01-01 to 2022-12-31-456,381CNY365
2021-01-01 to 2021-12-31-155,050,516CNY365
2023-01-01 to 2023-12-31-1,067,097USD365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2023-12-31-245,319,648CNY
At 2022-12-31-118,280,159CNY
At 2023-12-31-34,552,550USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-01-01 to 2023-12-3178,584,808shares365
2022-01-01 to 2022-12-3166,667,000shares365
2021-01-01 to 2021-12-3166,667,000shares365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2023-01-01 to 2023-12-3178,584,808shares365
2022-01-01 to 2022-12-3166,667,000shares365
2021-01-01 to 2021-12-3166,667,000shares365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,119,576CNY365
2022-01-01 to 2022-12-3148,391CNY365
2021-01-01 to 2021-12-31670,976CNY365
2023-01-01 to 2023-12-31439,383USD365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2023-12-31151,549,586CNY
At 2022-12-31160,109,109CNY
At 2023-12-3121,345,313USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-109,314,813CNY365
2022-01-01 to 2022-12-31-45,619,397CNY365
2021-01-01 to 2021-12-31-1,292,441CNY365
2023-01-01 to 2023-12-31-15,396,670USD365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2023-12-31244,880,070CNY
At 2022-12-31329,554,088CNY
At 2023-12-3134,490,637USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,634,721CNY365
2022-01-01 to 2022-12-314,014,414CNY365
2021-01-01 to 2021-12-312,393,178CNY365
2023-01-01 to 2023-12-31511,940USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2023-12-31103,191,796CNY
At 2022-12-31134,094,494CNY
At 2023-12-3114,534,261USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2023-12-311,504,098CNY
At 2022-12-312,529,058CNY
At 2023-12-31211,848USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2022-12-3170,369,837CNY

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2023-12-319,380CNY
At 2022-12-314,000CNY
At 2023-12-311,321USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2023-01-01 to 2023-12-31113,279,915CNY365
2022-01-01 to 2022-12-3146,568,176CNY365
2021-01-01 to 2021-12-3118,372,763CNY365
2023-01-01 to 2023-12-3115,955,143USD365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2023-12-31886,895CNY
At 2022-12-311,163,776CNY
At 2023-12-31124,917USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,965,102CNY365
2022-01-01 to 2022-12-31948,779CNY365
2021-01-01 to 2021-12-3117,080,322CNY365
2023-01-01 to 2023-12-31558,473USD365

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-3146,850,314CNY365
2022-01-01 to 2022-12-3140,404,962CNY365
2021-01-01 to 2021-12-3117,356,450CNY365
2023-01-01 to 2023-12-316,598,729USD365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2023-12-31116,667,000shares
At 2022-12-3166,667,000shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2023-12-31227,040,251CNY
At 2022-12-31246,270,442CNY
At 2021-12-31199,411,823CNY
At 2023-12-3131,977,951USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2023-12-31333,552,470CNY
At 2022-12-31305,460,907CNY
At 2023-12-3146,979,883USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2023-12-318,485,041CNY
At 2022-12-315,514,488CNY
At 2023-12-311,195,093USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2023-12-31157,098,911CNY
At 2022-12-31253,490,767CNY
At 2021-12-31119,062,938CNY
At 2020-12-31367,468,926CNY
At 2023-12-3122,126,919USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2023-12-312,471,003CNY
At 2022-12-317,580,536CNY
At 2023-12-31348,033USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2023-12-312,471,003CNY
At 2022-12-317,425,290CNY

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2023-12-3175,250,000CNY
At 2022-12-3164,750,000CNY

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-12-31192,204,583CNY
At 2022-12-31197,935,223CNY

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2023-12-3140,654,997CNY
At 2022-12-3137,826,114CNY

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2023-12-31196,476CNY
At 2022-12-31218,957CNY
At 2023-12-3127,673USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2023-12-316,193,544CNY
At 2022-12-3175,506,166CNY
At 2023-12-31872,342USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-100,475,629CNY365
2022-01-01 to 2022-12-31-9,871,378CNY365
2021-01-01 to 2021-12-31919,795CNY365
2023-01-01 to 2023-12-31-14,151,697USD365

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-126,989,866CNY365
2022-01-01 to 2022-12-31-8,091,230CNY365
2021-01-01 to 2021-12-31-243,819,961CNY365
2023-01-01 to 2023-12-31-17,886,150USD365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2023-01-01 to 2023-12-3125,445,401CNY365
2022-01-01 to 2022-12-3127,664,531CNY365
2021-01-01 to 2021-12-3118,372,763CNY365
2023-01-01 to 2023-12-313,583,910USD365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2023-01-01 to 2023-12-316,128,680CNY365
2022-01-01 to 2022-12-316,906,042CNY365
2021-01-01 to 2021-12-314,257,506CNY365
2023-01-01 to 2023-12-31863,207USD365

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2023-01-01 to 2023-12-3133,045CNY365
2022-01-01 to 2022-12-3135,677CNY365
2021-01-01 to 2021-12-3133,120CNY365
2023-01-01 to 2023-12-314,654USD365

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2023-01-01 to 2023-12-31216,120CNY365
2022-01-01 to 2022-12-3158,664CNY365
2021-01-01 to 2021-12-31762,067CNY365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2023-01-01 to 2023-12-312,903,456CNY365
2022-01-01 to 2022-12-31-10,273CNY365
2021-01-01 to 2021-12-31-91,091CNY365
2023-01-01 to 2023-12-31408,943USD365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2023-01-01 to 2023-12-313,838,286CNY365
2022-01-01 to 2022-12-312,615,402CNY365
2023-01-01 to 2023-12-31540,611USD365

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2023-01-01 to 2023-12-3166,549CNY365
2022-01-01 to 2022-12-31935,716CNY365
2021-01-01 to 2021-12-31955,081CNY365
2023-01-01 to 2023-12-319,373USD365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2023-01-01 to 2023-12-3141,856,434CNY365
2023-01-01 to 2023-12-315,895,355USD365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2023-01-01 to 2023-12-314,342,857CNY365
2022-01-01 to 2022-12-313,880,445CNY365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-316,601CNY365
2022-01-01 to 2022-12-314,000CNY365
2023-01-01 to 2023-12-31930USD365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-276,881CNY365
2022-01-01 to 2022-12-31936,176CNY365
2021-01-01 to 2021-12-31-1,349,730CNY365
2023-01-01 to 2023-12-31-38,998USD365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-295,626CNY365
2022-01-01 to 2022-12-31-3,633,087CNY365
2021-01-01 to 2021-12-31-1,379,609CNY365
2023-01-01 to 2023-12-31-41,638USD365

Inspect the source

Entity
Lixiang Education Holding Co. Ltd. / CIK 0001814067
Captured
2026-09-21T17:28:43.375Z
SEC response SHA-256
8bab9733caf4b6b058b420bc04afba722e5daff2e78be3bd2d6b7271672df9d9

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
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with urlopen("https://canlicapital.com/company-data/0001814067.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))