Lixiang Education Holding Co., Ltd. (LXEH) Income Statement
LXEH 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanLXEH revenue and net income
Where LXEH's revenue goes
2025Each bar shows an amount and its share of revenue. LXEH kept −395.4% of revenue as net income.
LXEH profit margins
LXEH growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −86.9% | −53.0% | −30.1% | −27.0% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LXEH income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥4.3M | CN¥32.8M | CN¥50.8M | CN¥41.4M | CN¥34.4M | CN¥25.7M | CN¥13.4M | CN¥427.6M | CN¥130.3M | CN¥115.8M |
| Cost of revenue | CN¥5.9M | CN¥35.9M | CN¥46.9M | CN¥40.4M | CN¥17.4M | CN¥10.8M | CN¥4.8M | CN¥268.8M | CN¥74.9M | CN¥70.4M |
| Gross profit | −CN¥1.7M | −CN¥3.1M | CN¥4.0M | CN¥948,779 | CN¥17.1M | CN¥15.0M | CN¥8.7M | CN¥158.7M | CN¥55.5M | CN¥45.5M |
| Sales, general & admin | CN¥23.5M | CN¥22.9M | CN¥25.5M | CN¥27.7M | CN¥18.4M | CN¥10.1M | CN¥2.1M | CN¥82.1M | — | — |
| Total operating expenses | CN¥3.4M | CN¥22.9M | CN¥113.3M | CN¥46.6M | CN¥18.4M | CN¥10.1M | CN¥2.1M | CN¥82.9M | CN¥8.8M | CN¥9.0M |
| Operating income | −CN¥5.1M | −CN¥26.0M | −CN¥109.3M | −CN¥45.6M | −CN¥1.3M | CN¥4.8M | CN¥6.5M | CN¥75.9M | CN¥46.6M | CN¥36.5M |
| Interest income | CN¥9,301 | CN¥289,865 | CN¥134,011 | CN¥77,315 | CN¥14,834 | CN¥60,011 | CN¥52,894 | CN¥86,112 | — | — |
| Interest expense | CN¥480,859 | CN¥2.9M | CN¥3.6M | CN¥4.1M | CN¥2.4M | CN¥880,764 | CN¥1.7M | CN¥5.3M | CN¥4.5M | CN¥3.5M |
| Income before taxes | −CN¥16.9M | −CN¥24.7M | −CN¥100.5M | −CN¥9.9M | CN¥919,795 | CN¥3.9M | CN¥4.8M | CN¥82.2M | CN¥54.1M | CN¥40.3M |
| Income taxes | — | — | CN¥3.1M | CN¥48,391 | CN¥670,976 | CN¥4.7M | CN¥4.6M | CN¥25.1M | — | — |
| Net income | −CN¥17.0M | −CN¥24.6M | −CN¥126.6M | −CN¥7.8M | −CN¥243.8M | CN¥33.6M | CN¥47.2M | CN¥82.2M | CN¥54.1M | CN¥40.3M |
| EBITDA | CN¥9.5M | −CN¥14.2M | −CN¥75.3M | −CN¥15.2M | CN¥3.9M | CN¥9.7M | CN¥11.3M | CN¥101.1M | CN¥52.4M | CN¥40.0M |
| Gross margin | −38.7% | −9.3% | 7.8% | 2.3% | 49.6% | 58.2% | 64.5% | 37.1% | 42.6% | 39.2% |
| Operating margin | −118.0% | −79.1% | −215.1% | −110.3% | −3.8% | 18.8% | 48.7% | 17.7% | 35.8% | 31.5% |
| Net margin | −395.4% | −75.1% | −249.2% | −18.8% | −708.0% | 130.7% | 351.7% | 19.2% | 41.5% | 34.8% |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Mar '23 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥15.3M | CN¥2.2M | CN¥15.2M | CN¥8.7M | CN¥17.5M | CN¥8.7M | CN¥15.3M | CN¥7.7M | CN¥25.6M | CN¥26.0M | CN¥13.0M | CN¥0 |
| Cost of revenue | CN¥12.6M | CN¥3.1M | CN¥20.2M | CN¥10.4M | CN¥20.8M | CN¥10.4M | CN¥15.1M | CN¥7.5M | CN¥27.0M | CN¥19.9M | CN¥10.0M | CN¥49.6M |
| Gross profit | CN¥2.7M | −CN¥966,075 | −CN¥5.0M | −CN¥1.7M | −CN¥3.3M | −CN¥1.7M | CN¥264,094 | CN¥132,047 | −CN¥1.4M | CN¥6.1M | CN¥3.0M | −CN¥25.1M |
| Sales, general & admin | — | — | — | CN¥6.6M | CN¥13.2M | CN¥6.6M | CN¥9.7M | CN¥4.8M | CN¥13.7M | CN¥12.6M | CN¥6.3M | CN¥936,347 |
| Total operating expenses | CN¥13.0M | CN¥2.0M | CN¥9.9M | CN¥6.6M | CN¥13.2M | CN¥6.6M | CN¥9.7M | CN¥4.8M | CN¥101.6M | CN¥12.6M | CN¥6.3M | −CN¥100.1M |
| Operating income | −CN¥10.3M | −CN¥3.0M | −CN¥14.8M | −CN¥8.3M | −CN¥16.5M | −CN¥8.3M | −CN¥9.4M | −CN¥4.7M | −CN¥103.0M | −CN¥6.3M | −CN¥3.2M | −CN¥24.1M |
| Interest expense | CN¥1.7M | CN¥1.3M | CN¥1.8M | — | CN¥1.5M | — | CN¥1.3M | CN¥479,612 | CN¥959,224 | CN¥6.2M | CN¥1.9M | CN¥4.9M |
| Income before taxes | −CN¥11.4M | −CN¥14.8M | −CN¥15.8M | −CN¥8.1M | −CN¥16.1M | −CN¥8.1M | −CN¥8.6M | −CN¥4.3M | −CN¥92.4M | −CN¥8.0M | −CN¥4.2M | −CN¥26.3M |
| Income taxes | — | −CN¥5,607 | CN¥39,449 | CN¥38,465 | −CN¥78,213 | CN¥38,465 | CN¥76,930 | CN¥38,465 | CN¥3.1M | CN¥69,940 | CN¥34,970 | CN¥678,827 |
| Net income | −CN¥11.4M | −CN¥14.9M | −CN¥15.9M | −CN¥8.0M | −CN¥16.1M | −CN¥8.0M | −CN¥8.6M | −CN¥4.3M | −CN¥118.5M | −CN¥8.1M | −CN¥4.0M | −CN¥136.0M |
| EBITDA | −CN¥10.3M | −CN¥210,356 | −CN¥14.8M | −CN¥6.9M | −CN¥14.5M | −CN¥6.5M | −CN¥5.9M | −CN¥2.9M | −CN¥76.8M | −CN¥2.5M | −CN¥1.3M | −CN¥22.8M |
| Gross margin | 17.5% | −44.5% | −32.8% | −19.0% | −19.0% | −19.0% | 1.7% | 1.7% | −5.6% | 23.4% | 23.4% | — |
| Operating margin | −67.6% | −138.0% | −97.8% | −94.6% | −94.6% | −94.6% | −61.5% | −61.5% | −402.7% | −24.1% | −25.0% | — |
| Net margin | −74.9% | −684.4% | −104.5% | −91.9% | −91.9% | −91.9% | −55.9% | −55.9% | −463.2% | −31.1% | −31.1% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in LXEH's financial statements (latest annual report filed May 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LXEH financial results
In fiscal year 2025 (ended December 31, 2025), Lixiang Education reported revenue of CN¥4.3 million, down 86.9% from the year before. It had a net loss of CN¥17.0 million, a net profit margin of −395.4%. Over five years revenue grew at an average rate of −30.1% a year. Figures are in Chinese yuan, the currency of its financial statements.
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LXEH income statement FAQ
What is Lixiang Education's annual revenue?
Lixiang Education reported total revenue of CN¥4.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 86.9% from CN¥32.8 million the previous year.
Is Lixiang Education profitable?
No. Lixiang Education reported a net loss of CN¥17.0 million in fiscal 2025, a net profit margin of −395.4%; its operating margin was −118.0%.
What is Lixiang Education's gross margin?
Lixiang Education's gross margin was −38.7% in fiscal 2025: for every $100 of revenue, Lixiang Education kept $-39 after the direct cost of its products and services.
How fast is Lixiang Education growing?
Revenue grew −30.1% a year on average over the last five fiscal years, from CN¥25.7 million to CN¥4.3 million.
When does Lixiang Education's fiscal year end?
Lixiang Education's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 12, 2026.