Lixiang Education (ADR) (LXEH)
Operates Chinese boarding and vocational education programs alongside internship and care-support services.
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Generates revenue from tuition, accommodation, course-design and training services, internships and employment referrals, and healthcare-support services, primarily through vocational programs. Operations are concentrated in mainland China and conducted through a Cayman holding company’s PRC subsidiary and VIE arrangements.
Operates a boarding high school in Lishui for students from overseas-Chinese-returnee families, alongside vocational education programs in Hebei and Hainan. Services also cover curriculum design and training, accommodation, internship and employment referrals, and healthcare and elderly-care support for enterprises.
Revenue comes largely from tuition, course-related services and accommodation, with labor-dispatch fees tied to internships placed and daily charges for care-support services. Student recruitment relies on campus tours, awards and word of mouth, while quality control centers on teacher evaluation and continuing education.
All revenue is generated in mainland China, and the operating network is held through a Cayman holding company’s PRC subsidiary and contractual VIE arrangements. Private-school licensing, foreign-investment restrictions and fee approvals shape the operating model.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.4M · Total debt $14.2M · Total assets $39.3M · Shareholders' equity $21.2M
- Revenue
- $2.3M
- Operating income
- −$1.5M
- Net income
- −$1.7M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
71.7K ADS as of Sep 10, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
LimitedStrategic | —67.50% of class, as filed | — | filed Feb 5, 2021 |
Yong Lip CheeInsider | —6.28% of class, as filed | — | filed Jun 13, 2025 |
Fen Ye1Insiderdirector | — | — | filed Mar 18, 2026 |
- This position is filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.


