LXEHNasdaqServices-Educational Services
Lixiang Education Holding Co. Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 12, 2026
$1.47−0.05 (-3.29%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
-38.7%−96.9 pts over 5 years
Operating margin
-118.0%−136.8 pts over 5 years
Net margin
-395.4%−526.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.0% | -9.3% | +3.7% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 12.5% | -81.4% | |
| Return on assets | – | 6.5% | -31.0% | |
| Current ratio | – | 1.35 | 0.28 | |
| Debt to equity | – | – | – | |
| Interest coverage | – | 5.4× | -10.5× | |
| Inventory turnover | – | 7.8× | – | |
| Capex to revenue | – | 15.2% | 0.4% | |
| Diluted shares | – | 54M | 1.91B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lixiang Education Holding generated CN¥463.40M from operations and spent CN¥6.14M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
CN¥463.40M
Used
CN¥6.14M
Capital expenditureCN¥6.14M100%DividendsCN¥00%Share buybacksCN¥00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-395.4%
×Asset turnover0.08×
×Equity multiplier2.63×
=Return on equity, FY2025-81.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -395.4% | 0.08× | 2.63× | -81.4% |
| FY2024 | -75.1% | 0.07× | 2.98× | -16.2% |
| FY2023 | -249.2% | 0.10× | 2.54× | -61.7% |
| FY2022 | -18.8% | 0.07× | 3.07× | -4.2% |
| FY2021 | -708.0% | 0.05× | 2.58× | -100.2% |
| FY2020 | 130.7% | 0.05× | 1.91× | 12.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
0of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-CN¥121.90M
- Cash generatingOperating cash flow above zero-CN¥314.30M
- Return on assets improvedROA up on the prior year-5.7% → -25.9%
- Earnings backed by cashOperating cash flow above net income-CN¥314.30M vs -CN¥121.90M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.10 → 0.28
- No dilutionShare count did not rise117M → 1.91B
- Gross margin improvedGross margin up on the prior year-9.30% → -38.69%
- More efficientAsset turnover rose0.08 → 0.07