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MARKETS / NASDAQ / LZMH
NASDAQ · SERVICES-COMPUTER PROGRAMMING SERVICES · SMALL CAP

LZ Technology Holdings Ltd. LZMH

4 fiscal years on record · CNY · FY2025 reported · SEC filings only
CNY 1.1B
▲ 37.2% YoY
CNY -173.5M
▼ 3230.2% YoY
CNY -41.8M
▼ 1066.5% YoY
In brief

What this company does

Its operations are organized primarily into three business verticals: Smart Community, Out-of-Home Advertising and Lifestyle Services. In its Smart Community vertical, the company provides intelligent community building access and safety management systems through access control monitors and vendor-provided SaaS platforms; as of December 31, 2025, approximately 70,704 of its access control screens had been installed in over 4,000 residential communities, serving over 2.7 million households. The Out-of-Home Advertising vertical offers clients multi-channel advertising solutions through a network of monitors spanning approximately 120 cities in China, including Shanghai, Beijing, Guangzhou, Shenzhen and Nanjing, with advertisements placed on the monitors and within the SaaS software. In its Lifestyle Services vertical, the company connects local businesses with consumers through online promotions and transactions, helping restaurants, hotels, tourist companies, retail stores, cinemas and other merchants offer deals and coupons to consumers on social media platforms such as WeChat, Douyin and RedNote. LZ Technology Holdings Limited is a Cayman Islands holding company that conducts its operations in China through Lianzhang Portal and its subsidiaries, which was established under the laws of the People's Republic of China on September 10, 2014; LZ Technology itself was incorporated on November 23, 2022, with an authorized share capital of $50,000 divided into 50,000 shares with a par value of $1.00 each.

Written from the business description in LZ Technology Holdings Limited's annual report to the U.S. Securities and Exchange Commission, filed 28 April 2026. Every sentence was checked against that document before publication.

Growth
CNY 1.1B
Revenue, FY2025 · full 4-year series below
Revenue CNY B Net income CNY B
FY2025 · Revenue 1.1 · Net income -0.2
0.40B0.80B-0.08B-0.16B2022202320242025
Compound annual growth
+90.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−15 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -15.6% · Net -15.3%
-5%-10%-15%2022202320242025
ROE
FY2025 · ROE -305.0%
-100%-200%-300%2022202320242025

Each CNY of equity lost 305 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow CNY M
FY2025 · FCF -41.8
-20M-40M2022202320242025

Total assetsCNY 390.1M
EquityCNY 48.7M
CashCNY 23.5M
Gross debtCNY 57.0M
Net debtCNY 33.6M
DepositsCNY 200,000.00

Net debt stands at 69% of equity.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · CNY
row low → row highnegative
Metric 2025202420232022
Revenue CNY B1.10.80.60.2
Operating income CNY B−0.20.0−0.0−0.0
EBITDA CNY B−0.20.00.0−0.0
Income tax CNY B0.0−0.00.0·
Net income CNY B−0.20.0−0.0−0.0
Free cash flow CNY B−0.00.0−0.00.0
EPS, diluted CNY −1.130.04−0.04−0.10
Dividend / sh CNY ····
Payout %····
ROE %−305.09.0−10.8·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 18 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 77 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming Services
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2022

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