Lixiang Education Holding Co., Ltd. (LXEH): Business Model Canvas [Dec-2025 Updated]

You're looking at Lixiang Education Holding Co., Ltd.'s strategy, trying to figure out how they're steering their established K-12 and vocational schools into the new healthcare support services space. Honestly, it's a fascinating pivot for a company sitting on RMB221.4 million in cash as of June 30, 2025, especially when the cost structure shows high rental fees are still driving a gross loss. This Business Model Canvas lays out the nine essential pieces, showing you clearly how the RMB1.9 million in healthcare revenue in H1 2025 stacks up against the RMB9.0 million from core education tuition, giving you the precise map of their current operations and diversification efforts. Keep reading to see the full breakdown of their resources, customers, and revenue streams.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Key Partnerships

You're looking at the core relationships Lixiang Education Holding Co., Ltd. (LXEH) relies on to keep its education and new healthcare services running. These aren't just contacts; they are essential for legal operation and service delivery, especially given the company's recent financial pressures.

Local government and regulatory bodies for school operation licenses

Operating schools like Langfang School, Lishui International School, Qingtian International School, Beijing Xinxiang, and Hainan Jiangcai requires continuous, positive engagement with local and provincial education authorities for licensing and compliance. Furthermore, relationships with the Nasdaq Listing Qualifications Department are a critical, albeit external, regulatory partnership; for instance, as of November 18, 2025, LXEH received a notice of non-compliance with the Minimum Bid Price Rule, giving the company until May 18, 2026, to regain compliance. This demonstrates the constant need to satisfy external regulatory bodies.

The scope of operations tied to these governmental approvals includes:

• Qingtian International School
• Lishui International School
• Beijing Xinxiang
• Langfang School
• Hainan Jiangcai

The scale of these physical locations directly impacts the required regulatory oversight.

Employment partners for vocational student job placement

Lixiang Education Holding Co., Ltd. offers extensive human resources services, which inherently rely on a network of employment and industry partners. These services include labor dispatch, agency recruitment, outsourcing vocational services, and recruitment process outsourcing services. The company also specifically provides services for flexible employment, covering internships and short-term employment methods, meaning the volume and quality of these external hiring organizations are paramount to this revenue stream.

Healthcare facilities for Hebei Chuangxiang's support services

The expansion into healthcare support services through the subsidiary Hebei Chuangxiang necessitates formal partnerships with relevant healthcare facilities for service delivery or referrals. The financial impact of this new venture is already visible; the unaudited financial results for the first half of 2025 showed a gross loss of RMB5.0 million, which was explicitly attributed in part to increased costs associated with these new healthcare services.

Suppliers for school meals, uniforms, and learning materials

The company generates revenue from the sale of meals, uniforms, and learning materials to its students. This requires transactional partnerships with various suppliers. The H1 2025 results indicate that revenue from these sales was negatively impacted by a decrease in student numbers, directly showing the sensitivity of these supplier relationships to enrollment fluctuations.

Real estate lessors for school and operational sites

Securing physical locations for its multiple schools and offices involves leasing agreements. These lessor relationships are a significant operational cost. The H1 2025 financial report specifically flagged increased costs in rental as a factor contributing to the RMB5.0 million gross loss, underscoring the financial weight of these real estate partnerships.

Finance: draft 13-week cash view by Friday.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Key Activities

You're mapping out the core engine of Lixiang Education Holding Co., Ltd. (LXEH) as of late 2025. Here's a look at what they're actively doing, grounded in their H1 2025 financial disclosures.

Delivering K-12 and high school education programs

Lixiang Education Holding Co., Ltd. keeps running its core K-12 operations, providing primary and middle school education services covering grade 1 through grade 9. They also maintain high school education services through dedicated divisions, like the one at Lishui International School. The high school segment saw revenue increase to RMB2.5 million for the first half of 2025, up from RMB1.5 million in the prior-year period, thanks to adding a second-year class. The company operates schools such as Langfang School and Lishui International School. It's definitely a foundational part of their business, even with recent enrollment pressures.

Operating vocational and career training schools

The vocational education segment, primarily from Langfang School, is a key activity, but it faced headwinds. Revenue from vocational education dropped to RMB6.5 million in H1 2025. That's a decrease of 19.6% compared to RMB8.1 million in the same period last year. This dip happened because more graduates left than new students enrolled.

Providing new healthcare support services (inpatient care assistance)

The company has started up a new line of business with healthcare support services, which is now a distinct revenue driver. For the six months ended June 30, 2025, these new healthcare support services brought in RMB1.9 million in revenue. Still, this expansion added to the cost base, contributing to the gross loss reported. Selling and marketing expenses also ticked up to RMB0.4 million, which reflects the effort to build out the sales team for these healthcare services.

Managing student enrollment and academic quality

Managing the student body directly impacts ancillary revenue streams. Revenue from sales of meals, uniforms, and learning materials fell sharply to just RMB0.3 million in H1 2025, down from RMB1.0 million a year earlier. This drop directly reflects the decrease in student enrollment noted at Langfang School. The company is responsible for student admission and progression within its China market operations.

Course design, development, and external training services

Beyond direct schooling, Lixiang Education Holding Co., Ltd. engages in providing external services. Revenue categorized as other sources, which primarily comes from course design, training, and employment services, totaled RMB4.2 million for the first half of 2025. This segment helps diversify the top line, which was RMB15.4 million in total net revenue for H1 2025.

Here's how the revenue streams broke down for the first half of 2025:

The total cost of revenues for these activities reached RMB20.4 million, resulting in a gross loss of RMB5.0 million for the period. The company held cash of RMB221.4 million (US$30.9 million) as of June 30, 2025.

You should check the latest 6-K filing for the full context on operating expenses, which totaled RMB10.0 million in H1 2025.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Key Resources

The Key Resources for Lixiang Education Holding Co., Ltd. (LXEH) as of late 2025 are anchored in its physical infrastructure, financial stability, human capital, and established business units.

The physical assets include the operational school campuses. Langfang School is central to the vocational education segment, while Lishui International School supports the high school segment. The performance of these assets is reflected in their revenue contributions for the first half of 2025.

Financially, the company maintained a strong liquidity position. As of June 30, 2025, Lixiang Education Holding Co., Ltd. reported total cash of RMB221.4 million, which translates to approximately US$30.9 million. This represented a slight increase of RMB0.7 million from the balance at December 31, 2024.

Human capital is a core resource, comprising the teaching staff and administrative personnel. The total number of employees for Lixiang Education Holding Co., Ltd. is reported as 192.

Beyond core education, the company possesses a subsidiary dedicated to non-education services. Hebei Chuangxiang Enterprise Management Co., LTD, established on January 6, 2023, represents this diversification. This unit has begun generating revenue from its new healthcare support services, contributing RMB1.9 million in the first half of 2025.

The brand reputation is tied to its status as a prestigious international and vocational education service provider in China, with its principal executive office located in Lishui City, Zhejiang Province.

Here's a quick look at the key operational and financial metrics tied to these resources for the six months ended June 30, 2025:

The operational performance highlights the differing contributions from the physical campuses:

• Vocational education revenue was RMB6.5 million for the period.
• High school education revenue reached RMB2.5 million, aided by the addition of a second-year class.
• The company has 192 employees supporting operations.
• The company is also awaiting collection on an arbitration award totaling RMB72.41 million plus RMB20.0 million in liquidated damages.

The structure of the Key Resources shows a reliance on established educational facilities alongside a strategic push into non-education services via Hebei Chuangxiang.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Value Propositions

High-quality, holistic K-12 and international education for affluent families is delivered through its network, including Lishui International School, which saw its high school education revenue increase to RMB 2.5 million for the six months ended June 30, 2025, representing a 64.5% increase year-over-year for that segment due to the addition of a second-year class.

Specialized vocational training for direct employment pathways is a core offering, though revenue from this segment, primarily from Langfang School, decreased to RMB 6.5 million in H1 2025, down 19.6% from RMB 8.1 million in the prior-year period, as graduates outpaced new enrollments.

Diversified, non-education revenue stream via healthcare support services is a new focus, with the newly launched business through Hebei Chuangxiang generating RMB 1.9 million in revenue for the first half of 2025.

Human resources services for internship and employment recommendations are bundled within other services, which contributed RMB 4.2 million to net revenues in H1 2025, alongside course design and training. Services for flexible employment, including internships, are explicitly part of this offering.

Comprehensive curriculum covering primary through secondary levels is provided, with the company offering primary and middle school education services from grade 1 to grade 9.

The overall revenue contribution across segments for the six months ended June 30, 2025, demonstrates this diversification:

The total net revenues for the six months ended June 30, 2025, were RMB 15.4 million (US$2.1 million).

The value proposition of providing a full educational spectrum is also reflected in the decline of auxiliary service revenue, which dropped to RMB 0.3 million from RMB 1.0 million, reflecting changes in student numbers at Langfang School.

The company maintains a significant cash position to support these operations, reporting cash of RMB 221.4 million (US$30.9 million) as of June 30, 2025.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Customer Relationships

You're looking at how Lixiang Education Holding Co., Ltd. (LXEH) manages its different customer groups as of late 2025. The relationships vary sharply depending on the service line, which is reflected in the financial results we see for the first half of 2025.

High-touch, personalized service for prestigious K-12 students and parents

This segment, which includes high school education services, is positioned as the more premium offering. For the six months ended June 30, 2025, the revenue contribution from high school education was RMB 2.5 million. This revenue stream saw growth, rising with the addition of a second-year class during the period. The nature of this service implies a high level of direct interaction with parents and students to maintain the perceived prestige and quality of the curriculum, which includes international and bilingual offerings.

Direct, transactional relationship for vocational training and job placement

The vocational training segment operates on a more transactional basis, focused on skill acquisition leading to employment. For the first half of 2025, this segment generated RMB 6.5 million in revenue. However, this represented a significant drop, a 19.6% decrease compared to the RMB 8.1 million generated in the same period in 2024, as graduates outpaced new enrollments. This segment is operating within the context of China's national Vocational Skills Training Initiative (2025-2027), which aims to mobilize training for over 30 million people nationwide, suggesting a large, addressable market for transactional skill-based services.

The breakdown of revenue for the first half of 2025 shows the relative size of these customer relationships:

B2B service contracts for the new healthcare support business

The new healthcare support business, which expanded through Hebei Chuangxiang, is structured around B2B service contracts. This segment contributed RMB 1.9 million to the net revenues of RMB 15.4 million for the first half of 2025. It is important to note that increased costs tied to this new business, alongside higher site rental fees, contributed to the company swinging to a gross loss of RMB 5.0 million for the period, up from a gross profit of RMB 0.3 million a year ago.

Dedicated sales team for healthcare services expansion

While specific headcount for a dedicated sales team is not public, the financial data shows the immediate cost impact of this expansion. The gross loss of RMB 5.0 million in H1 2025, compared to a profit of RMB 0.3 million in H1 2024, signals significant upfront investment required to establish these B2B relationships. The total operating expenses for H1 2025 were RMB 10.0 million.

Long-term engagement through alumni and career services

Lixiang Education Holding Co., Ltd. maintains schools that offer K-12 and vocational education, suggesting an inherent path for long-term engagement, though specific metrics for alumni retention or career service utilization are not itemized in the H1 2025 results. The company's overall market capitalization as of December 4, 2025, was $6.068 million, reflecting the current market valuation of its entire customer base and asset structure.

Finance: draft 13-week cash view by Friday.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Channels

You're looking at how Lixiang Education Holding Co., Ltd. (LXEH) gets its services and information out to the world as of late 2025. It's a mix of physical locations, a new service line push, and required regulatory disclosures.

Physical school campuses (Lishui International School, Langfang School)

The core of the business flows through the physical presence of the schools. For the first half of 2025, the revenue generated by these channels shows a clear divergence in performance between the vocational and high school segments.

Vocational education revenue, which is primarily tied to Langfang School, saw a dip. For the six months ended June 30, 2025, this segment brought in RMB6.5 million. That's a 19.6% decrease from the RMB8.1 million seen in the same period last year. The reason is clear: the number of graduates, 609, outpaced the new student enrollments, which were only 189. That's a tough metric to overcome in a single period.

Conversely, the high school education channel, driven by Lishui International School, showed growth. Revenue hit RMB2.5 million for H1 2025, up from RMB1.5 million in H1 2024. This increase is directly attributed to adding a second-year class to Lishui International School.

An ancillary channel supporting the physical schools is the sale of related goods. Revenue from meals, uniforms, and learning materials dropped significantly to RMB0.3 million in H1 2025, down from RMB1.0 million in H1 2024, which directly reflects the decrease in student enrollment at Langfang School.

The operational costs associated with these campuses are also a channel factor, as higher rental fees at Langfang School were a major contributor to the gross loss reported for the period.

Here's the quick math on the education revenue streams for the first half of 2025:

Direct sales team for the healthcare support services unit

Lixiang Education Holding Co., Ltd. is actively pushing its new healthcare support services, which is clearly supported by a dedicated sales effort. This new business line generated RMB1.9 million in revenue for the first half of 2025.

The investment in this channel is visible in the operating expenses. Selling and marketing expenses rose to RMB0.4 million for H1 2025, which the company explicitly stated reflects the expansion of the sales team dedicated to these healthcare services.

Online and offline marketing for student recruitment

While specific marketing spend figures for general student recruitment are not broken out separately from the total selling and marketing expenses, the overall selling and marketing expense for H1 2025 was RMB0.4 million. The performance of the physical school channels suggests the effectiveness of the current marketing mix-online and offline efforts-is under pressure, especially given the drop in new vocational student enrollments at Langfang School to only 189 students.

Human resources and employment service networks

This channel is captured within the 'Other revenue' category, which is a significant component of the company's top line outside of direct education fees. For the six months ended June 30, 2025, these services contributed RMB4.2 million.

The services encompassed by this channel include:

• Course design services.
• Training services.
• Employment services.

These services, along with the new healthcare revenue, are key to the company's current revenue diversification strategy.

Corporate website and SEC filings for investor communication

Investor communication relies heavily on official regulatory channels. Lixiang Education Holding Co., Ltd. communicates its financial status through mandatory filings with the U.S. Securities and Exchange Commission (SEC), with the latest unaudited results for the first half of 2025 announced on October 16, 2025, via a Form 6-K.

Key financial data points communicated through these filings, which inform investor channel perception, include:

• Net Revenues for H1 2025: RMB15.4 million (US$2.1 million).
• Cash Position as of June 30, 2025: RMB221.4 million (US$30.9 million).
• Unresolved Favorable Arbitration Award: RMB72.41 million plus RMB20.0 million in liquidated damages.

The corporate website, https://www.lixiangeh.com, serves as the primary public-facing portal for company information outside of regulatory releases.

Finance: draft 13-week cash view by Friday.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Customer Segments

You're looking at the customer base for Lixiang Education Holding Co., Ltd. (LXEH) as of the first half of 2025. The company serves a mix of traditional education clients and newer service recipients, with revenue figures showing where the money is coming from for the six months ended June 30, 2025.

The customer base is segmented across several distinct areas, from K-12 to specialized vocational training and new healthcare support ventures. The financial performance for H1 2025 gives us a snapshot of the scale of service delivery for these groups.

Here's a breakdown of the revenue contribution tied to specific customer groups during the first half of 2025:

The core education services still drive the majority of the education-related revenue, but the new healthcare segment is already a meaningful contributor.

The specific groups Lixiang Education Holding Co., Ltd. targets include:

• Affluent families in Zhejiang Province seeking private K-12 education: This group is served by schools like Lishui International School, which saw its high school revenue climb to RMB2.5 million in H1 2025.
• High school graduates and young adults needing vocational skills: These customers utilize the vocational education services, generating RMB6.5 million in revenue for the period.
• Healthcare facilities and organizations in Hebei Province: This emerging segment contributed RMB1.9 million in revenue from new healthcare support services in H1 2025.
• Corporate clients for course design and employment services: These entities accounted for RMB4.2 million within the company's 'Other revenue sources.'
• Students enrolled in primary and middle school (Grade 1 through Grade 9): Enrollment levels for this segment, primarily at Langfang School, directly impacted ancillary revenue, which fell to RMB0.3 million from RMB1.0 million.

The overall student enrollment picture is mixed; while high school revenue is up, the decline in material sales points to lower overall student numbers at Langfang School, which impacts the K-9 segment's ancillary spending.

Cash on hand as of June 30, 2025, stood at RMB221.4 million (US$30.9 million), which supports the ongoing operations serving these customer bases.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Cost Structure

You're looking at the cost side of Lixiang Education Holding Co., Ltd. (LXEH) as of their H1 2025 results. The cost structure clearly shows pressure from fixed and variable costs, especially as they integrate new ventures.

High rental fees for school sites, a key driver of the RMB5.0 million gross loss. The company swung to a gross loss of RMB5.0 million (US$0.7 million) for the first half of 2025, compared to a gross profit of RMB0.3 million a year prior. This deterioration was mainly attributed to higher site rental costs, specifically mentioned at Langfang School, alongside costs from the newly launched healthcare support services business.

Costs of revenues, which rose to RMB20.4 million (US$2.8 million) in H1 2025. The cost base increased significantly, with the cost of revenues climbing to RMB20.4 million (US$2.8 million) for the six months ended June 30, 2025, up from RMB15.1 million in the same period of 2024. This rise directly contributed to the gross loss position.

Staff salaries and benefits for teachers and new healthcare personnel. While specific line-item data for total staff salaries and benefits isn't explicitly broken out in the required format, the overall cost structure reflects personnel expenses. For instance, operating expenses included an additional employee compensation expense of RMB0.2 million noted in other expenses for H1 2025. The expansion into healthcare support services naturally entails new personnel costs for that segment.

Operating expenses, totaling RMB10.0 million (US$1.4 million) in H1 2025. Total operating expenses were reported at RMB10.0 million (US$1.4 million) for the first half of 2025, a slight increase from RMB9.7 million in H1 2024. This category includes the overhead required to run the existing schools and support the new business lines.

Here's a quick look at the main cost components for H1 2025:

Capital expenditure for school maintenance and new business integration. Specific capital expenditure figures for school maintenance and new business integration for H1 2025 are not detailed in the publicly available summaries. However, the operational shift and the gross loss suggest ongoing investment or fixed commitments related to the physical school sites, like Langfang School, and the setup costs for the new healthcare support services business.

The cost structure is heavily influenced by fixed commitments, which is a defintely tough spot when revenues are flat and student numbers decline in core areas. You can see the breakdown of operating costs below:

• General and administrative expense: RMB9.6 million (US$1.3 million) in H1 2025.
• Selling and marketing expenses: Increased to RMB0.4 million for H1 2025, reflecting sales team expansion for healthcare services.

Lixiang Education Holding Co., Ltd. (LXEH) - Canvas Business Model: Revenue Streams

The revenue streams for Lixiang Education Holding Co., Ltd. (LXEH) as reflected in the first half of fiscal year 2025 demonstrate a diversified fee structure centered on its educational offerings and ancillary services.

The core income driver remains the vocational segment. Vocational education tuition and accommodation fees generated RMB6.5 million in H1 2025. This is significantly higher than the revenue from high school education tuition and accommodation fees, which amounted to RMB2.5 million for the same period.

Beyond direct tuition, Lixiang Education Holding Co., Ltd. (LXEH) captures revenue from several other streams:

• Healthcare support services revenue reached RMB1.9 million in H1 2025.
• Other revenue, which includes training and course design services, contributed RMB4.2 million.
• Sales of meals, uniforms, and learning materials provided RMB0.3 million.

Breaking down the non-tuition related income sources for the first half of 2025 shows the following distribution:

1. Other revenue (training, course design): RMB4.2 million
2. Healthcare support services revenue: RMB1.9 million
3. Sales of meals, uniforms, and learning materials: RMB0.3 million

The total reported revenue across these five categories for H1 2025 sums to RMB15.4 million (6.5 + 2.5 + 1.9 + 4.2 + 0.3).