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Lixiang Education Holding Co. Ltd.: 20-F filed 2025-04-30

What Lixiang Education Holding Co. Ltd. reported in its annual report (foreign private issuer) filed 2025-04-30 (fiscal FY 2024): 52 published measures, 167 facts as tagged in accession 0001213900-25-037081.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2025-04-30
Fiscal period
fiscal FY 2024
Accession
0001213900-25-037081 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 2024-12-31470,617,330CNY
At 2023-12-31433,971,070CNY
At 2024-12-3164,474,311USD

Total liabilities

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

PeriodValueUnitDays
At 2024-12-31325,120,200CNY
At 2023-12-31276,872,159CNY
At 2024-12-3144,541,286USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-12-31146,138,083CNY
At 2023-12-31157,409,498CNY
At 2024-12-3120,020,835USD

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 2024-12-31220,724,238CNY
At 2023-12-31227,040,251CNY
At 2022-12-31246,270,442CNY
At 2024-12-3130,239,097USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-24,627,666CNY366
2023-01-01 to 2023-12-31-126,630,648CNY365
2022-01-01 to 2022-12-31-7,789,861CNY365
2024-01-01 to 2024-12-31-3,373,977USD366

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-12-31-18,321,791CNY366
2023-01-01 to 2023-12-31-59,199,475CNY365
2022-01-01 to 2022-12-3140,967,701CNY365
2024-01-01 to 2024-12-31-2,510,076USD366

Capital expenditure payments

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

PeriodValueUnitDays
2024-01-01 to 2024-12-31298,083CNY366
2023-01-01 to 2023-12-312,177,538CNY365
2022-01-01 to 2022-12-311,296,464CNY365
2024-01-01 to 2024-12-3140,837USD366

Revenue

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

PeriodValueUnitDays
2024-01-01 to 2024-12-3132,800,660CNY366
2023-01-01 to 2023-12-3150,815,416CNY365
2022-01-01 to 2022-12-3141,353,741CNY365
2024-01-01 to 2024-12-314,493,672USD366

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-12-318,750,000CNY366
2023-01-01 to 2023-12-3144,083,908CNY365
2022-01-01 to 2022-12-31-11,218,750CNY365
2024-01-01 to 2024-12-311,198,745USD366

Investing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-12-31-554,082CNY366
2023-01-01 to 2023-12-31-7,576,283CNY365
2022-01-01 to 2022-12-31-456,381CNY365
2024-01-01 to 2024-12-31-75,909USD366

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-12-31-269,947,314CNY
At 2023-12-31-245,319,648CNY
At 2024-12-31-36,982,630USD

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
2024-01-01 to 2024-12-31116,667,000shares366
2023-01-01 to 2023-12-3178,584,808shares365
2022-01-01 to 2022-12-3166,667,000shares365

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
2024-01-01 to 2024-12-31116,667,000shares366
2023-01-01 to 2023-12-3178,584,808shares365
2022-01-01 to 2022-12-3166,667,000shares365

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

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 2024-12-31147,250,054CNY
At 2023-12-31151,549,586CNY
At 2024-12-3120,173,175USD

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
2024-01-01 to 2024-12-31-25,961,390CNY366
2023-01-01 to 2023-12-31-109,314,813CNY365
2022-01-01 to 2022-12-31-45,619,397CNY365
2024-01-01 to 2024-12-31-3,556,696USD366

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 2024-12-31236,269,738CNY
At 2023-12-31244,880,070CNY
At 2024-12-3132,368,822USD

Interest expense

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

PeriodValueUnitDays
2024-01-01 to 2024-12-312,860,956CNY366
2023-01-01 to 2023-12-313,634,721CNY365
2022-01-01 to 2022-12-314,014,414CNY365
2024-01-01 to 2024-12-31391,949USD366

Current liabilities

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

PeriodValueUnitDays
At 2024-12-31112,721,902CNY
At 2023-12-31103,191,796CNY
At 2024-12-3115,442,839USD

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 2024-12-31388,494CNY
At 2023-12-311,504,098CNY
At 2024-12-3153,223USD

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 2024-12-31156,770CNY
At 2023-12-319,380CNY
At 2024-12-3121,477USD

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
2024-01-01 to 2024-12-3122,910,945CNY366
2023-01-01 to 2023-12-31113,279,915CNY365
2022-01-01 to 2022-12-3146,568,176CNY365
2024-01-01 to 2024-12-313,138,787USD366

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

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
2024-01-01 to 2024-12-31-3,050,445CNY366
2023-01-01 to 2023-12-313,965,102CNY365
2022-01-01 to 2022-12-31948,779CNY365
2024-01-01 to 2024-12-31-417,909USD366

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
2024-01-01 to 2024-12-3135,851,105CNY366
2023-01-01 to 2023-12-3146,850,314CNY365
2022-01-01 to 2022-12-3140,404,962CNY365
2024-01-01 to 2024-12-314,911,581USD366

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 2024-12-3112,294,900CNY
At 2023-12-318,485,041CNY
At 2024-12-311,684,394USD

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 2024-12-31145,497,130CNY
At 2023-12-31157,098,911CNY
At 2022-12-31253,490,767CNY
At 2021-12-31119,062,938CNY
At 2024-12-3119,933,025USD

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 2024-12-3151,906,613CNY
At 2023-12-312,471,003CNY
At 2024-12-317,111,177USD

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 2024-12-3147,560,704CNY
At 2023-12-312,471,003CNY

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 2024-12-3184,000,000CNY
At 2023-12-3175,250,000CNY

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 2024-12-31192,152,566CNY
At 2023-12-31192,204,583CNY

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 2024-12-3144,902,512CNY
At 2023-12-3140,654,997CNY

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 2024-12-31163,687CNY
At 2023-12-31196,476CNY
At 2024-12-3122,425USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-12-311,100,000CNY
At 2024-12-31150,699USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-12-311,000,000CNY
At 2024-12-31136,999USD

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 2024-12-315,846,730CNY
At 2023-12-316,193,544CNY
At 2024-12-31800,999USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2024-12-315,595,491CNY
At 2023-12-316,513,072CNY
At 2024-12-31766,579USD

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
2024-01-01 to 2024-12-31-24,702,033CNY366
2023-01-01 to 2023-12-31-100,475,629CNY365
2022-01-01 to 2022-12-31-9,871,378CNY365
2024-01-01 to 2024-12-31-3,384,165USD366

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
2024-01-01 to 2024-12-31-24,702,033CNY366
2023-01-01 to 2023-12-31-126,989,866CNY365
2022-01-01 to 2022-12-31-8,091,230CNY365
2024-01-01 to 2024-12-31-3,384,165USD366

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2024-01-01 to 2024-12-31-20,817,807CNY366
2023-01-01 to 2023-12-31-123,660,095CNY365
2022-01-01 to 2022-12-3110,267,294CNY365
2024-01-01 to 2024-12-31-2,852,028USD366

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
2024-01-01 to 2024-12-3122,799,165CNY366
2023-01-01 to 2023-12-3125,445,401CNY365
2022-01-01 to 2022-12-3127,664,531CNY365
2024-01-01 to 2024-12-313,123,473USD366

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
2024-01-01 to 2024-12-314,598,768CNY366
2023-01-01 to 2023-12-316,128,680CNY365
2022-01-01 to 2022-12-316,906,042CNY365
2024-01-01 to 2024-12-31630,029USD366

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
2024-01-01 to 2024-12-3132,789CNY366
2023-01-01 to 2023-12-3133,045CNY365
2022-01-01 to 2022-12-3135,677CNY365
2024-01-01 to 2024-12-314,492USD366

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

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

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
2024-01-01 to 2024-12-312,739,254CNY366
2023-01-01 to 2023-12-313,838,286CNY365
2022-01-01 to 2022-12-312,615,402CNY365
2024-01-01 to 2024-12-31375,276USD366

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
2024-01-01 to 2024-12-319,154CNY366
2023-01-01 to 2023-12-3166,549CNY365
2022-01-01 to 2022-12-31935,716CNY365
2024-01-01 to 2024-12-311,254USD366

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

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
2024-01-01 to 2024-12-3111,628,836CNY366
2023-01-01 to 2023-12-314,342,857CNY365

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
2024-01-01 to 2024-12-31147,390CNY366
2023-01-01 to 2023-12-316,601CNY365
2022-01-01 to 2022-12-314,000CNY365
2024-01-01 to 2024-12-3120,192USD366

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
2024-01-01 to 2024-12-31-886,895CNY366
2023-01-01 to 2023-12-31-276,881CNY365
2022-01-01 to 2022-12-31936,176CNY365
2024-01-01 to 2024-12-31-121,504USD366

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
2024-01-01 to 2024-12-31-1,115,604CNY366
2023-01-01 to 2023-12-31-295,626CNY365
2022-01-01 to 2022-12-31-3,633,087CNY365
2024-01-01 to 2024-12-31-152,837USD366

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python
import json
from urllib.request import urlopen

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"])))