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Lixiang Education Holding Co., Ltd. LXEH
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Annual report 2025
added 05-12-2026

Lixiang Education Holding Co., Ltd. Income Statement 2025-2011 | LXEH

Brief overview of revenue and earnings at Lixiang Education Holding Co., Ltd.

This overview is based on financial performance over the past five years. Revenue at Lixiang Education Holding Co., Ltd. moved from 25.7 million yuan in 2020 to 30.8 million yuan in 2025. The five-year change reached +19.9%, while CAGR stood at 3.7%. The business did not achieve meaningful top-line expansion.

Gross profit was 15 million yuan at the start and −11.9 million yuan at the end of the period (−179.8%). Direct costs outpaced revenue, limiting the benefit of changes in sales. At the margin level, the figure shifted from 58.2% to −38.7%. A lower margin indicates deterioration in the economics of the core business.

The five-year EBITDA result moved by −463.6%: from 8.7 million yuan to −31.8 million yuan. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was 34% at the start and −103.1% at the end. Cost pressure reduced operating profitability.

The net financial result changed from 33.6 million yuan to −122 million yuan. The move from profit to loss indicates a material deterioration in final efficiency.

Overall conclusion

The results contain several connected negative signals. The overall view is constrained by a lower gross margin, limited gross profitability and weaker operating efficiency. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Lixiang Education Holding Co., Ltd.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

38.2 B 3.69 B 9.85 B 31.3 B 600 M 433 M - - - - - - - - -

Shares

1.91 B 117 M 78.6 M 66.7 M 66.7 M 54.2 M 50 M - - - - - - - -

Historical Prices

20 31.6 125 470 9.94 8.43 - - - - - - - - -

Net Income

-122 M -24.6 M -127 M -7.79 M -244 M 33.6 M 47.2 M 27.4 M - - - - - - -

Revenue

30.8 M 32.8 M 50.8 M 41.4 M 34.4 M 25.7 M 13.4 M 143 M - - - - - - -

Cost of Revenue

42.8 M 35.9 M 46.9 M 40.4 M 17.4 M 10.8 M 4.76 M 89.6 M - - - - - - -

Gross Profit

-11.9 M -3.05 M 3.97 M 949 K 17.1 M 15 M 8.67 M 52.9 M - - - - - - -

Operating Income

-36.4 M -26 M -109 M -45.6 M -1.29 M 4.83 M 6.55 M 25.3 M - - - - - - -

Interest Expense

3.46 M 2.86 M 3.63 M 4.01 M 2.39 M 897 K 1.74 M 5.09 M - - - - - - -

EBITDA

-31.8 M -21.4 M -103 M -38.7 M 2.97 M 8.74 M 10.4 M 33.7 M - - - - - - -

Operating Expenses

24.5 M 22.9 M 113 M 46.6 M 18.4 M 10.1 M 2.12 M 27.6 M - - - - - - -

General and Administrative Expenses

23.5 M 22.8 M 25.4 M 27.7 M 18.4 M 10.1 M 2.12 M 27.6 M - - - - - - -

All numbers in CNY currency

Quarterly Income Statement Lixiang Education Holding Co., Ltd.

2025-Q4 2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

1.91 B 117 M 78.6 M - - - - 66.7 M - - - 66.7 M - - - 50 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

-122 M -24.6 M -127 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

30.8 M 32.8 M 50.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

42.8 M 35.9 M 46.9 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

-11.9 M -3.05 M 3.97 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

-36.4 M -26 M -109 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

3.46 M 2.86 M 3.63 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

-31.8 M -21.4 M -103 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

24.5 M 22.9 M 113 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

23.5 M 22.8 M 25.4 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in CNY currency

The income statement is one of the three key financial reports of a company Lixiang Education Holding Co., Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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