UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Core Insights - Jianzhi Education Technology Group has successfully integrated its education platform with DeepSeek, an advanced AI model aimed at enhancing interactive and adaptive learning experiences [1][2] - This integration is a significant technological advancement for the company, reinforcing its commitment to utilizing cutting-edge technologies to improve educational outcomes [2] - The company aims to provide a more intelligent, personalized, and efficient digital learning environment through the incorporation of DeepSeek's deep learning capabilities [2] Key Benefits of Integration - Enhanced Adaptive Learning: The AI system adjusts learning materials based on individual student performance, offering personalized recommendations and real-time feedback [6] - Interactive AI Tutoring: The AI-driven assistant allows students to ask questions and receive instant explanations, simulating a real-time tutoring experience [6] - Content Optimization & Smart Assessments: The technology improves the accuracy and relevance of Jianzhi's digital educational content, enhancing knowledge delivery [6] - Seamless User Experience: Educators and students benefit from intelligent content recommendations and automated grading systems, reducing workload and increasing engagement [6] Future Plans - The company plans to explore further strategic collaborations in AI and machine learning-driven education to strengthen its position in China's digital education sector [3] Company Overview - Jianzhi Education Technology Group, established in 2011 and headquartered in Beijing, is a leading provider of digital educational content in China, focusing on high-quality professional development training resources [4] - The company has developed a comprehensive digital educational content database and offers a wide range of professional development products through an omni-channel sales system [4] - Jianzhi is committed to the digitalization and informatization of the education sector in China [4]

Core Insights - Jianzhi Education Technology Group Company Limited is advancing its educational offerings by integrating AI models that utilize Natural Language Processing (NLP) to generate educational content, aiming to enhance the adoption of AI-based education [1][2]. Company Overview - Jianzhi, established in 2011 and headquartered in Beijing, is a leading provider of digital educational content in China, focusing on high-quality professional development training resources [3]. - The company began by offering educational content products and IT services to higher education institutions and has expanded its offerings to individual customers [3]. - Jianzhi has developed a comprehensive digital educational content database and provides proprietary digital education content through self-developed online learning platforms, utilizing an omni-channel sales system [3]. Strategic Initiatives - The CEO of Jianzhi, Hu Yong, emphasized the company's commitment to enhancing AI-based education, stating that the new capabilities will allow educators to create innovative virtual learning environments [2]. - Jianzhi has established a dedicated team to focus on the application of NLP in its educational offerings and plans to increase investment in this area to accelerate the development of EdTech solutions [2].

BEIJING, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading EdTech company in China, announced today its new Artificial Intelligence (AI) initiatives. Jianzhi will develop and implement new algorithms to facilitate educational content and utilize AI in various aspects of the teaching process, including teaching design, student performance analysis, and homework grading, with a view to significantly enhance teaching effici ...

Core Viewpoint - Jianzhi Education Technology Group reported a significant decline in revenue but achieved a turnaround in net income due to effective cost management and operational efficiency initiatives [1][3][8]. Financial Performance - Revenue decreased by 25.4% from RMB280.6 million (US$39.1 million) for the six months ended June 30, 2023, to RMB209.3 million (US$28.8 million) for the same period in 2024 [1][3]. - Gross profit increased to RMB41.7 million (US$5.7 million) in 2024 from RMB23.9 million in 2023, with a gross profit margin rising from 8.5% to 19.9% [1][6]. - Net income for the first half of 2024 was RMB27.6 million (US$3.8 million), a significant improvement from a net loss of RMB93.6 million in the same period of 2023 [1][8]. Revenue Breakdown - Revenue from IT-related solution services decreased by RMB53.4 million (US$7.3 million), primarily due to reduced customer orders for customized IT systems and equipment procurement [3][4]. - Revenue from educational content services and other services fell by RMB17.9 million (US$2.5 million), largely due to a lack of new content leading to decreased subscriptions [4][5]. Cost Management - Cost of revenue decreased by 34.7% from RMB256.7 million (US$36.1 million) in 2023 to RMB167.6 million (US$23.1 million) in 2024, driven by reduced amortization and lower equipment purchase costs [5][6]. - Total operating expenses significantly dropped from RMB115.3 million (US$16.1 million) in 2023 to RMB16.1 million (US$2.2 million) in 2024 [6][7]. Future Strategies - The company plans to enhance its B2B operations through a partnership with a leading telecom operator in China, aiming to acquire a large number of paying users over the next three years [1][3]. - Expansion into AI applications is also on the agenda, initially targeting the education sector before branching out to other areas [1][3].

Core Viewpoint - Jianzhi Education Technology Group has received a notification from Nasdaq regarding non-compliance with listing requirements due to negative stockholders' equity of ($2,425,096) as of December 31, 2023, and has 45 days to submit a compliance plan [1][2] Company Overview - Jianzhi Education Technology Group, established in 2011 and headquartered in Beijing, is a leading provider of digital educational content in China, focusing on high-quality professional development training resources [3] - The company started by offering educational content products and IT services to higher education institutions and has expanded to individual customers, creating a comprehensive digital educational content database [3] - Jianzhi integrates proprietary digital education content into self-developed online learning platforms, utilizing an omni-channel sales system to reach a wide range of customers [3]

Core Viewpoint - Jianzhi Education Technology Group reported a challenging fiscal year 2023, with a significant decrease in net revenues and an increase in net loss, prompting a strategic shift towards more profitable IT-related services [1][3][13]. Financial Performance - Net revenues for fiscal year 2023 were RMB440.5 million (US$62.0 million), a decrease of 12.9% from RMB505.7 million in 2022 [2][3]. - Gross profit improved to RMB16.2 million (US$2.3 million) in 2023, compared to a gross loss of RMB5.5 million in 2022, marking a 394.5% increase [2][9]. - The net loss for 2023 was RMB382.8 million (US$53.9 million), an increase of 94.7% from a net loss of RMB196.6 million in 2022 [2][13]. Revenue Breakdown - Revenue from educational content services and other services decreased by RMB133.2 million (US$18.8 million) to RMB71.7 million (US$10.1 million) in 2023, primarily due to the termination of a partnership with China Telecom and a decline in subscriptions on the "Fish Learning" platform [4][5]. - Conversely, revenue from IT-related solution services increased by RMB68.0 million (US$9.6 million), or 22.6%, to RMB368.8 million (US$51.9 million) in 2023, driven by new cloud-based customer acquisitions [4][5]. Cost and Expenses - Cost of revenues decreased by 17.0% to RMB424.3 million (US$59.8 million) in 2023, attributed to reduced amortization of educational content and lower material costs [8]. - Total operating expenses rose to RMB399.0 million (US$56.2 million) in 2023, up from RMB202.6 million in 2022 [10]. Strategic Adjustments - The company is shifting its focus towards expanding operations in areas aligned with national policies, such as 5G messaging and digital workforce solutions, while reducing investment in educational content services [1][4]. - Jianzhi aims to establish strategic partnerships with telecom operators and collaborate with vocational institutions to enhance course offerings and certifications [1][4]. Impairments - The company recognized impairments totaling RMB197.5 million (US$27.8 million) against purchased educational contents in 2023 due to obsolescence concerns [11].

Financial Performance - Total revenue decreased from RMB 505.7 million in 2022 to RMB 440.5 million (US$62.0 million) in 2023, while net loss increased to RMB 382.8 million (US$53.9 million) in 2023 [136]. - For the years ended December 31, 2021, 2022, and 2023, the total revenue was RMB 473.2 million, RMB 505.7 million, and RMB 440.5 million (US$ 62.0 million), respectively [233]. - Net revenues decreased by 12.9% from RMB 505.7 million in 2022 to RMB 440.5 million (US$62.0 million) in 2023, primarily due to a RMB 133.2 million (US$18.8 million) decline in educational content services revenue [249]. - Gross profit improved to RMB 16.2 million (US$2.3 million) in 2023 from a gross loss of RMB 5.5 million in 2022, with a gross profit margin increasing from negative 1.1% to 3.7% [252]. - Net loss widened to RMB 196.6 million in 2022 and RMB 382.8 million (US$53.9 million) in 2023, reflecting ongoing operational challenges [258]. Revenue Sources - Revenue from IT-related solution services accounted for 83.7% of total revenue for the year ended December 31, 2023, up from 22.9% in 2021 [136]. - Revenue from IT related solution services reached RMB 368.8 million (US$51.9 million) for the year ended December 31, 2023, representing 83.7% of total revenue for that period [148]. - Revenue from educational content service and other services accounted for 77.1%, 40.6%, and 16.3% of total revenue for the years ended December 31, 2021, 2022, and 2023, respectively [231]. - The company derived revenue from educational content services primarily through subscriptions and licensing, with significant contributions from B2B2C and B2C models [235]. Impairment and Expenses - The VIEs incurred impairment of RMB 197.5 million (US$27.8 million) against purchased educational contents in 2023 [139]. - The impairment of other non-current assets was RMB 357.4 million (81.2% of total operating expenses) for the year ended December 31, 2023 [240]. - Total operating expenses rose from RMB 202.6 million in 2022 to RMB 399.0 million (US$56.2 million) in 2023, driven by increased sales and marketing expenses and general and administrative expenses [253]. Educational Content and Services - As of December 31, 2023, the educational content library consisted of over 40,700 online videos and video courses totaling approximately 10,800 hours, with more than 87.0% self-developed [131]. - The VIEs provided online learning platform subscription services to approximately 2,000 higher education institutions in China as of December 31, 2023 [134]. - The VIEs had 751 paying subscribers to their online learning platforms as of December 31, 2023, an increase from 528 in 2022 [143]. - The VIEs' educational content database covers various professional development products, including employability skills and entrepreneurship guidance courses [139]. Market and Competition - The online vocational education market in China has experienced rapid growth, driven by strong demand for improved employment opportunities and career development, and is expected to continue expanding in the future [226]. - The company operates in a fragmented market and faces competition from traditional offline players as well as new entrants in the online education sector [226]. - The competitive landscape includes challenges from new entrants in the online education market, emphasizing the need for brand awareness, diverse offerings, and effective sales strategies [171]. Corporate Governance and Compliance - The company has established various social and corporate governance initiatives to enhance corporate governance and contribute to societal well-being [167][168]. - The company is focused on maintaining compliance with intellectual property rights regulations to protect its content and services [186]. - The company has not experienced any material disputes related to intellectual property infringement during the three years ended December 31, 2023 [162]. Human Resources - The employee count decreased from 62 in 2022 to 59 in 2023, with 46% of employees engaged in technology, products, research, and development [163][165]. - The company and its VIEs had 33 registered trademarks, 181 registered software copyrights, and 11 registered domain names as of December 31, 2023, indicating a strong intellectual property portfolio [162]. Future Outlook - The company anticipates seeking additional space to accommodate future growth, indicating a positive outlook for expansion [175]. - The company expects changes in product and service mix to continue affecting revenue contribution percentages and profit margins [231]. - The company expects to continue making capital expenditures to support business growth, funded by cash generated from operations [277].

BEIJING, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the "Company" or "Jianzhi") (NASDAQ:JZ), a leading provider of digital educational content in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") from current one (1) ADS representing two (2) ordinary shares to a new ADS Ratio of one (1) ADS representing six (6) ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effect ...

Financial Performance - Revenue increased from RMB 404.9 million in 2020 to RMB 505.7 million (US$ 73.3 million) in 2022, representing a growth of 24.8%[305] - Net income decreased from RMB 86.9 million in 2020 to a net loss of RMB 196.6 million (US$ 28.5 million) in 2022[305] - Total revenues for the years ended December 31, 2020, 2021, and 2022 were RMB 404.9 million, RMB 473.2 million, and RMB 505.7 million (US$73.3 million) respectively, representing a year-over-year growth of 6.9% from 2021 to 2022[464] - The company reported a net income of RMB52.9 million in 2021, which shifted to a net loss of RMB196.6 million in 2022[483] - Operating income decreased from RMB50.8 million in 2021 to a loss of RMB207.4 million in 2022[483] - The company experienced a gross profit of RMB104.2 million in 2021, which turned into a gross loss of RMB5.5 million in 2022[483] - Operating expenses for 2022 totaled RMB 201.9 million, which is 39.9% of net revenues, compared to 11.4% in 2020 and 11.3% in 2021, reflecting a significant rise in operational costs[472] - Total operating expenses increased significantly from RMB53.4 million in 2021 to RMB201.9 million in 2022, marking a rise of 276.5%[483] Revenue Breakdown - Revenue from IT-related solution services accounted for 59.4% of total revenue in 2022, up from 22.9% in 2021[303] - Revenue from educational content services accounted for 40.6% of total revenue in 2022, while IT-related solution services accounted for 59.4%[461] - Revenue from educational content services and other services for 2022 was RMB 204.9 million, a decrease of 44% compared to RMB 365.1 million in 2021[466] - Revenue from IT related solution services increased significantly to RMB 300.8 million in 2022, up from RMB 108.2 million in 2021, marking a growth of 177%[466] - The company's revenue from subscription services in 2022 was RMB 59.2 million, a decline from RMB 148.0 million in 2021, indicating a shift in revenue generation strategies[466] - The company’s revenue from licensing services was RMB 141.6 million in 2022, down from RMB 204.4 million in 2021, highlighting challenges in this segment[466] - Revenue from IT related solution services surged by RMB192.6 million (US$27.9 million), or 178.1%, from RMB108.2 million in 2021 to RMB300.8 million (US$43.6 million) in 2022[487] Educational Content and Services - As of December 31, 2022, the educational content library consisted of approximately 39,000 online videos totaling about 10,080 hours, with over 75.8% self-developed[295] - The VIEs provided online learning platform services to approximately 2,000 higher education institutions in China as of December 31, 2022[298] - The VIEs' information technology training database offers over 18,400 online courses, catering to various skill levels, and aims to meet employers' needs[316] - The VIEs have developed 181 proprietary software copyrights as of December 31, 2022, supporting their IT solution services[303] - The VIEs' entrepreneurship digital library provides comprehensive guidance services to college students, covering essential aspects of starting a business[311] - The VIEs' employment digital library conducts comprehensive analysis of recruitment data, providing unique insights into labor market demands and salary levels[317] - The VIEs maintained a team of 32 professionals specialized in educational content and software development as of December 31, 2022[339] Market Position and Strategy - The company became the largest online career training services provider for higher education institutions in China in 2022, with revenues of RMB29.0 million and a market share of 66.4%[441] - The online education market in China is projected to grow from approximately RMB328.2 billion in 2021 to RMB690.8 billion in 2026, representing a CAGR of 16.0%[447] - The company has established long-term strategic relationships with leading telecommunications operators to enhance its market position[442] - The VIEs launched 10 Light Class products through WeChat as of December 31, 2022, including various subscription options[301] - The VIEs have launched 10 products under the Light Class initiative, which includes various subscription options for video courses related to entrepreneurship and career development[326] Employee and Corporate Governance - As of December 31, 2022, the company and its VIEs had a total of 62 full-time employees, a decrease from 95 employees in 2021[356] - The employee distribution by function as of December 31, 2022, shows that 52% (32 employees) are in technology, products, research, and development, while management accounts for 11% (7 employees)[359] - The company actively participates in various employee social security plans, including pension and medical insurance, as required by PRC law[360] - The company has established various social and corporate governance initiatives to improve corporate governance and benefit society[362] - The company maintains a good working relationship with employees and has not experienced any material labor disputes in the past three years[361] Regulatory Environment - The company is subject to the Foreign Investment Law, which provides foreign investors with pre-entry national treatment and a negative list management system[382] - Foreign investment in value-added telecommunications services is restricted to a maximum of 50% ownership, except for e-commerce businesses which can be 100% foreign-owned[387] - The corporate income tax rate in China is uniformly set at 25%, with a reduced rate of 10% for non-resident enterprises without established premises in the PRC[397] - The VAT tax rates applicable to goods and services are simplified to 17%, 11%, 6%, and 0%, with small-scale taxpayers subject to a 3% rate[398] - The Negative List 2021 outlines areas where foreign investment is prohibited or allowed under specific conditions, effective from January 1, 2022[383] Challenges and Risks - The company's cost of revenues as a percentage of total revenue increased from 68.1% in 2020 to 101.0% in 2022[452] - The significant decrease in educational content revenue was attributed to conservative investment strategies and a decline in customer subscriptions[485] - Subscription revenue from B2C services fell by RMB101.2 million (US$14.7 million), or 73.0%, due to a lack of new content offerings[486] - The company confirmed that there were no disputes or unresolved tax issues with tax authorities for the three years ended December 31, 2022[463]