| Schedule of Balance Sheet |
BALANCE SHEETS
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ (Note 2(g)) | |
| ASSETS | |
| | |
| | |
| |
| Current assets: | |
| | | |
| | | |
| | |
| Cash | |
| 215,770,215 | | |
| 27,742 | | |
| 3,967 | |
| Amounts due from subsidiaries and
VIEs | |
| 43,130,675 | | |
| 374,863,600 | | |
| 53,604,782 | |
| Total current assets | |
| 258,900,890 | | |
| 374,891,342 | | |
| 53,608,749 | |
| | |
| | | |
| | | |
| | |
| Current assets: | |
| | | |
| | | |
| | |
| Investment in equity securities | |
| - | | |
| 44,974,376 | | |
| 6,431,250 | |
| Total current assets | |
| - | | |
| 44,974,376 | | |
| 6,431,250 | |
| | |
| | | |
| | | |
| | |
| Total assets | |
| 258,900,890 | | |
| 419,865,718 | | |
| 60,039,999 | |
| LIABILITIES AND SHAREHOLDERS’
EQUITY | |
| | | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | | |
| | |
| Accrued liabilities and other current liabilities | |
| 31,932 | | |
| 31,223 | | |
| 4,465 | |
| Investment deficit in subsidiaries and VIEs | |
| 66,144,375 | | |
| 218,625,928 | | |
| 31,263,092 | |
| Amounts due to subsidiaries and
VIEs | |
| 46,586,500 | | |
| 48,001,814 | | |
| 6,864,168 | |
| Total current
liabilities | |
| 112,762,807 | | |
| 266,658,965 | | |
| 38,131,725 | |
| Total liabilities | |
| 112,762,807 | | |
| 266,658,965 | | |
| 38,131,725 | |
| Shareholders’ equity: | |
| | | |
| | | |
| | |
| Class A ordinary shares (USD$0.0001 par value; 19,700,000,000 shares authorized, 71,667,000 and 1,871,667,000 shares issued and outstanding as of December 31, 2024 and 2025, respectively) | |
| 50,584 | | |
| 1,368,598 | | |
| 195,707 | |
| Class B ordinary shares (USD$0.0001 par value; 100,000,000 shares authorized, 45,000,000 and 45,000,000 shares issued and outstanding as of December 31, 2024 and 2025, respectively) | |
| 30,508 | | |
| 30,508 | | |
| 4,363 | |
| Additional paid-in capital | |
| 343,098,862 | | |
| 476,500,785 | | |
| 68,138,706 | |
| Statutory reserves | |
| 60,610,543 | | |
| 60,610,543 | | |
| 8,667,192 | |
| Accumulated other comprehensive income | |
| 12,294,900 | | |
| 6,547,327 | | |
| 936,255 | |
| Accumulated deficit | |
| (269,947,314 | ) | |
| (391,851,008 | ) | |
| (56,033,949 | ) |
| Total shareholders’
equity | |
| 146,138,083 | | |
| 153,206,753 | | |
| 21,908,274 | |
| Total liabilities
and shareholders’ equity | |
| 258,900,890 | | |
| 419,865,718 | | |
| 60,039,999 | |
|
| Schedule of Statements of Operations and Comprehensive Loss |
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ (Note 2(g)) | |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| General and administrative expenses | |
| (1,292,974 | ) | |
| (2,647,144 | ) | |
| (2,160,564 | ) | |
| (308,957 | ) |
| Total operating expenses | |
| (1,292,974 | ) | |
| (2,647,144 | ) | |
| (2,160,564 | ) | |
| (308,957 | ) |
| Other income/(expense) | |
| 336 | | |
| 18 | | |
| (151 | ) | |
| (22 | ) |
| Impairment loss on Investments | |
| - | | |
| - | | |
| (83,621,753 | ) | |
| (11,957,752 | ) |
| Equity in loss of subsidiaries and VIEs, net | |
| (125,338,010 | ) | |
| (21,980,540 | ) | |
| (36,121,226 | ) | |
| (5,165,266 | ) |
| Loss from subsidiaries and VIEs | |
| (125,337,674 | ) | |
| (21,980,522 | ) | |
| (119,743,130 | ) | |
| (17,123,040 | ) |
| Net loss | |
| (126,630,648 | ) | |
| (24,627,666 | ) | |
| (121,903,694 | ) | |
| (17,431,997 | ) |
| Net loss attributable to Lixiang Education Holding Co., Ltd. shareholders | |
| (126,630,648 | ) | |
| (24,627,666 | ) | |
| (121,903,694 | ) | |
| (17,431,997 | ) |
| Other comprehensive income/(loss), net of nil tax | |
| 2,970,553 | | |
| 3,809,859 | | |
| (5,747,573 | ) | |
| (821,892 | ) |
| Comprehensive loss | |
| (123,660,095 | ) | |
| (20,817,807 | ) | |
| (127,651,267 | ) | |
| (18,253,889 | ) |
|
| Schedule of Statement of Cash Flows |
STATEMENTS OF CASH FLOWS
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ (Note 2(g)) | |
| Cash flows used in operating activities | |
| (42,725,890 | ) | |
| (861,999 | ) | |
| (331,856,004 | ) | |
| (47,454,777 | ) |
| Cash flows used in investing activities | |
| - | | |
| - | | |
| (128,596,129 | ) | |
| (18,389,002 | ) |
| Cash flows provided by financing activities | |
| 41,856,435 | | |
| - | | |
| 250,422,660 | | |
| 35,809,964 | |
| Effect of exchange rate changes on cash | |
| 2,947,203 | | |
| 3,785,027 | | |
| (5,713,000 | ) | |
| (816,949 | ) |
| Net changes in cash | |
| 2,077,748 | | |
| 2,923,028 | | |
| (215,742,473 | ) | |
| (30,850,763 | ) |
| Cash at the beginning of year | |
| 210,769,439 | | |
| 212,847,187 | | |
| 215,770,215 | | |
| 30,854,730 | |
| Cash at the end of year | |
| 212,847,187 | | |
| 215,770,215 | | |
| 27,742 | | |
| 3,967 | |
|