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LZMH on Nasdaq

LZ Technology Holdings Ltd

LZ Technology Holdings Ltd is a computer programming services company in the Cayman Islands.1 It is headquartered in Fujian, China.1 Its shares trade on Nasdaq under the symbol LZMH.1

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Last updated Oct 21, 2026.

Overview

$161.4MRevenue, fiscal 20252
-$24.8MNet income, fiscal 20252

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  • TickerLZMH on Nasdaq1
  • IndustryServices-Computer Programming Services1
  • HeadquartersFujian, China1
  • Incorporated inCayman Islands3
  • Business address802, 59-2 Building Number 8, Wanghai St., Siming District, Xiamen, Fujian, F4 3610083
  • Filer categoryNon-accelerated filer, Emerging growth company3

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10,000 ordinary shares owned by LZ Holdings, were re-classified and re-designated as 10,000 Class A Ordinary Shares.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.3%Gross margin2
-15.6%Operating margin2
-15.4%Net margin2
43.2%Revenue growth, 20252
-356.6%Return on equity2
-$6.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Services Third Parties brought in 33% of the revenue LZ Technology Holdings Ltd broke down this way in fiscal 2025.

  1. Services Third Parties863.6M CNY233%up 57% from 2024
  2. Channel Two742.8M CNY229%up 49% from 2024
  3. Lifestyle Services - Retail Sales323.7M CNY213%up 19% from 2024
  4. Sales of products323.7M CNY213%up 263102% from 2024
  5. Sales Of Products Third Parties264.9M CNY210%down 3% from 2024
  6. Channel One61.3M CNY22%up 18% from 2024
  7. Others1.0M CNY20%down 6% from 2024
  8. Services-Related Parties533.0K CNY20%
  9. Lifestyle Services (non-retail)45.0K CNY20%down 65% from 2024
Products and services by year
Products and services202320242025
Services Third Parties441.3M CNY550.4M CNY863.6M CNY
Channel Two229.5M CNY497.1M CNY742.8M CNY
Lifestyle Services - Retail Sales122.4M CNY272.6M CNY323.7M CNY
Sales of products4.7M CNY123.0K CNY323.7M CNY
Sales Of Products Third Parties127.5M CNY272.4M CNY264.9M CNY
Channel One199.5M CNY52.0M CNY61.3M CNY
Others14.3M CNY1.1M CNY1.0M CNY
Services-Related Parties533.0K CNY
Lifestyle Services (non-retail)3.2M CNY127.0K CNY45.0K CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue95¢$156.1M
  • Research and development5¢$8.0M
  • Income tax0¢$73.0K

Out of $161.4M in revenue.2 The company lost money this year.

Financial statements

Revenue52$161.4M in 2025+43% since 2024
0$50.0M$100.0M$150.0M$200.0M2024: $112.7M$112.7M20242025: $161.4M$161.4M2025+43%
Gross profit52$5.3M in 2025+13% since 2024
0$2.0M$4.0M$6.0M2024: $4.7M$4.7M20242025: $5.3M$5.3M2025+13%
Operating income52-$25.2M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2024: $497.0K$497.0K20242025: -$25.2M-$25.2M2025
Net income52-$24.8M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M2024: $759.0K$759.0K20242025: -$24.8M-$24.8M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenues1.1B CNY822.8M CNY568.9M CNY
Total Cost of revenues-1.1B CNY-788.4M CNY-537.6M CNY
Gross profit37.2M CNY34.4M CNY31.3M CNY
Selling and marketing expenses-83.5M CNY-14.1M CNY-16.8M CNY
General and administrative expenses-73.5M CNY-12.3M CNY-15.4M CNY
Research and development expenses-56.3M CNY-4.5M CNY-5.5M CNY
Total operating expenses-213.3M CNY-30.8M CNY-37.7M CNY
Operating profit (loss)-176.0M CNY3.6M CNY-6.4M CNY
Financial expenses, net-1.3M CNY-764.0K CNY-408.0K CNY
Other income, net4.5M CNY1.9M CNY2.8M CNY
Total other income, net3.2M CNY1.2M CNY2.4M CNY
Loss before income tax expense-172.8M CNY4.8M CNY-4.0M CNY
Income tax expenses-510.0K CNY972.0K CNY-2.4M CNY
Net (loss) income-173.3M CNY5.8M CNY-6.4M CNY
Less: net (loss) income attributable to non-controlling interests201.0K CNY234.0K CNY-163.0K CNY
Net (loss) income attributable to the Companys ordinary shareholders-173.5M CNY5.5M CNY-6.2M CNY
Total comprehensive (loss) income-173.3M CNY5.8M CNY-6.4M CNY
Less: total comprehensive (loss) income attributable to non-controlling interests201.0K CNY234.0K CNY-163.0K CNY
Comprehensive (loss) income attributable to the Company-173.5M CNY5.5M CNY-6.2M CNY
Net (loss) income per share - Basic-1.13 CNY0.04 CNY-0.04 CNY
Net (loss) income per share - Diluted-1.13 CNY0.04 CNY-0.04 CNY
Weighted average shares outstanding used in calculating basic loss per share (in Shares)154.1M shares148.1M shares143.6M shares
Weighted average shares outstanding used in calculating diluted loss per share (in Shares)154.1M shares148.1M shares143.6M shares

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Corporate structure

LZ Technology Holdings Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of LZ Technology Holdings Ltd

  • Andong Zhang Filed SCHEDULE 13G on LZ Technology Holdings Ltd, latest May 19, 2025
  • Weihua Chen Filed SCHEDULE 13G on LZ Technology Holdings Ltd, latest May 19, 2025
  • LZ Technology Holdings Ltd Fujian, China

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What LZ Technology Holdings Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation42.0M CNY2 Dec 31, 202547.6M CNY2 Dec 31, 2024−11.6%
Accumulated depreciation32.7M CNY2 Dec 31, 202530.9M CNY2 Dec 31, 2024+5.9%
Property and equipment, net$1.3M2 Dec 31, 2025$2.3M5 Dec 31, 2024−43.6%
Operating-lease assets (leased space)$461.0K2 Dec 31, 2025$356.0K5 Dec 31, 2024+29.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.4M2 Dec 31, 2025$569.0K5 Dec 31, 2024+490.0%
Long-term investments$715.0K2 Dec 31, 2025
Deposits held (banks)200.0K CNY2 Dec 31, 2025200.0K CNY5 Dec 31, 20240%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$237.0K2 Dec 31, 2025
Intangible assets, net (excluding goodwill)$169.0K2 Dec 31, 2025$292.0K5 Dec 31, 2024−42.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$458.0K2 Dec 31, 2025

Leadership

Who has led LZ Technology Holdings Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Runzhe Zhang2026–now

Chair

  1. Andong Zhang2026–now
Board members and other officers (3)

Timeline

  1. Mar 18, 2026New chief executive Runzhe Zhang becomes CEO6

Filings

56 filings to the SEC since October 2021: 2 annual reports, 7 insider forms, 2 large holders, 45 other. The latest 20:

  1. Jun 12, 20263 EDGAR
  2. Jun 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. May 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. May 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Apr 28, 202620-F ANNUAL REPORT EDGAR
  6. Apr 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Mar 18, 20263 EDGAR
  8. Mar 18, 20263 EDGAR
  9. Mar 18, 20263 EDGAR
  10. Mar 18, 20263 EDGAR
  11. Mar 18, 20263 EDGAR
  12. Mar 18, 20263 EDGAR
  13. Jan 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Dec 18, 2025S-8 REGISTRATION STATEMENT EDGAR
  15. Dec 16, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Nov 21, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Aug 13, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Jun 17, 202520-F ANNUAL REPORT EDGAR
  19. May 19, 2025SCHEDULE 13G EDGAR
  20. May 19, 2025SCHEDULE 13G EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Andong ZhangSCHEDULE 13G, 1 filing May 19, 202510
  • Weihua ChenSCHEDULE 13G, 1 filing May 19, 202511

SEC filer profile

How LZ Technology Holdings Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLZ Technology Holdings Ltd1
  • CIK0001967397
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7371 Services-Computer Programming Services1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address802, 59-2 Building Number 8, Wanghai St., Siming District, Xiamen, Fujian, F4 3610081
  • Phone0592-29500801
  • Shares outstanding135,520,000 Common Class B shares; 22,500,000 Common Class A shares as of Dec 31, 20254
  • AuditorGGF CPA LTD, Guangzhou, China PCAOB ID 2729; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 21, 20231
  • Filings56 in all: 6-K (10), CORRESP (10), 3 (7), UPLOAD (6), F-1/A (5), DRS/A (3), 20-F (2), DRSLTR (2)1
    All 17 form types

    S-8 (2), SCHEDULE 13G (2), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
Class B Ordinary Shares, par value $0.000025 per shareLZMHThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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