Jianzhi Education Technology Group Files 2023 Annual Report on Form 20-F

TL;DR

<b>Jianzhi Education Technology Group Co Ltd has filed its 2023 annual report on Form 20-F, detailing its financial status and operational information.</b>

AI Summary

Jianzhi Education Technology Group Co Ltd (JZ) filed a Foreign Annual Report (20-F) with the SEC on April 9, 2024. Jianzhi Education Technology Group Co Ltd filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company's principal executive offices are located at Yingdu Building, 27/F Zhichun Road, Tower A, Beijing, China. As of December 31, 2023, Jianzhi Education Technology Group had 121,110,000 ordinary shares outstanding. The company's American Depositary Shares trade on The Nasdaq Stock Market LLC under the symbol JZ. Huichao Wang, Chief Financial Officer, is listed as the company contact person.

Why It Matters

For investors and stakeholders tracking Jianzhi Education Technology Group Co Ltd, this filing contains several important signals. This filing provides investors with the latest official financial and operational data for Jianzhi Education Technology Group, crucial for assessing its performance and future prospects. The report confirms the company's listing on the Nasdaq Stock Market and provides key details about its share structure and contact information, essential for market participants and stakeholders.

Risk Assessment

Risk Level: low — Jianzhi Education Technology Group Co Ltd shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain new or unexpected information that would significantly alter the risk profile.

Analyst Insight

Review the full 20-F filing for detailed financial statements, management discussion, and risk factors to understand Jianzhi Education Technology Group's performance and outlook.

Key Numbers

• 121,110,000 — Ordinary Shares Outstanding (As of December 31, 2023.)
• 2023-12-31 — Fiscal Year End (Period covered by the annual report.)
• 2024-04-09 — Filing Date (Date the 20-F was filed.)

Key Players & Entities

• Jianzhi Education Technology Group Co Ltd (company) — Filer of the 20-F annual report.
• JZ (company) — Trading symbol for Jianzhi Education Technology Group's American Depositary Shares.
• The Nasdaq Stock Market LLC (company) — Exchange where JZ trades.
• Huichao Wang (person) — Chief Financial Officer and company contact person.
• Beijing (company) — Location of the company's principal executive offices.

FAQ

Industry Context

Jianzhi Education Technology Group operates within the educational services sector, providing technology-enabled educational solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically as an annual report (Form 20-F) for foreign private issuers.

What Investors Should Do

1. Analyze the financial statements within the 20-F for revenue, net income, and other key performance indicators.
2. Review the 'Risk Factors' section (if available in the full document) for potential challenges and uncertainties.
3. Examine the Management's Discussion and Analysis of Financial Condition and Results of Operations for insights into business strategy and outlook.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the annual financial statements.
• 2024-04-09: Filing Date — Date the Form 20-F was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing of the 2023 annual report, providing the latest official data for the fiscal year ended December 31, 2023.

Key Financial Figures

• $0.0001 — wo Class A ordinary shares, par value US$0.0001 per share JZ The Nasdaq Stock Market LL
• $ — r. Jinbiao Li and Mr. Meiliang Li; "US$," "U.S. dollars," "$" and "dollars" are
• $1 — .S. dollars were made at RMB7.0999 to US$1.00, the noon buying rates on December 2
• $1.00 — ng rate for Renminbi was RMB7.2289 to US$1.00. Due to rounding, numbers presented thr

Filing Documents

• ea0202512-20f_jianzhie.htm (20-F) — 2387KB
• ea020251201ex2-4_jianzhiedu.htm (EX-2.4) — 125KB
• ea020251201ex8-1_jianzhiedu.htm (EX-8.1) — 6KB
• ea020251201ex12-1_jianzhiedu.htm (EX-12.1) — 9KB
• ea020251201ex12-2_jianzhiedu.htm (EX-12.2) — 9KB
• ea020251201ex13-1_jianzhiedu.htm (EX-13.1) — 4KB
• ea020251201ex13-2_jianzhiedu.htm (EX-13.2) — 4KB
• ea020251201ex15-2_jianzhiedu.htm (EX-15.2) — 7KB
• ea020251201ex15-3_jianzhiedu.htm (EX-15.3) — 4KB
• ea020251201ex97-1_jianzhiedu.htm (EX-97.1) — 26KB
• image_001.jpg (GRAPHIC) — 2KB
• image_002.jpg (GRAPHIC) — 68KB
• image_003.jpg (GRAPHIC) — 43KB
• image_004.jpg (GRAPHIC) — 447KB
• image_005.jpg (GRAPHIC) — 5KB
• image_006.jpg (GRAPHIC) — 2KB
• ex15-2_001.jpg (GRAPHIC) — 16KB
• ex15-3_001.jpg (GRAPHIC) — 4KB
• 0001213900-24-031584.txt (&nbsp;) — 10839KB
• jz-20231231.xsd (EX-101.SCH) — 83KB
• jz-20231231_cal.xml (EX-101.CAL) — 56KB
• jz-20231231_def.xml (EX-101.DEF) — 362KB
• jz-20231231_lab.xml (EX-101.LAB) — 672KB
• jz-20231231_pre.xml (EX-101.PRE) — 381KB
• ea0202512-20f_jianzhie_htm.xml (XML) — 1060KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS iii PART I 1 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 1 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 1 ITEM 3. KEY INFORMATION 1 ITEM 4. INFORMATION ON THE COMPANY 46 ITEM 4A. UNRESOLVED STAFF COMMENTS 69 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 69 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES 84 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 89 ITEM 8. FINANCIAL INFORMATION 90 ITEM 9. THE OFFER AND LISTING 91 ITEM 10. ADDITIONAL INFORMATION 91 ITEM 11.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 104 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 105 PART II 107 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 107 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 107 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 107 ITEM 16. [RESERVED] 108 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 108 ITEM 16B. CODE OF ETHICS 108 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 108 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES 108 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 108 ITEM 16F. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT 108 ITEM 16G. CORPORATE GOVERNANCE 109 ITEM 16H. MINE SAFETY DISCLOSURE 109 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 109 ITEM16J. INSIDER TRADING POLICIES 109 ITEM16K. CYBERSECURITY 109 PART III 111 ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 111 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 111 ITEM 19. EXHIBITS 111

SIGNATURES

SIGNATURES 113 i INTRODUCTION Unless otherwise indicated or the context otherwise requires in this annual report on Form 20-F: "ADSs" are to our American depositary shares, each of which represents two ordinary shares; "Beijing Sentu" or "VIE Entity" are to Beijing Sentu Education Technology Co., Ltd., a limited liability company established under PRC law; "B2B2C model" are to business-to-business-to-consumer, which is a business model that combines business-to-business and business-to-consumer for a complete product or service transaction; "B2C model" are to business-to-consumer, which is a form of transaction conducted directly between a company and consumers who are the end users of its products or services; "CAGR" are to compound annual growth rate; "China" or "PRC" are to the People's Republic of China, excluding, for the purpose of this annual report only, Taiwan and the special administrative regions of Hong Kong and Macau; "Company" or "Jianzhi Education" are to Jianzhi Education Technology Group Company Limited; "ordinary shares" are to our ordinary shares, par value US$0.0001 per share; "our WFOE" are to our wholly foreign-owned enterprise Jianzhi Century Technology (Beijing) Co., Ltd.; "RMB" or "Renminbi" are to the legal currency of China; "Registered Shareholders" are to the shareholders of Beijing Sentu, namely Beijing Rongde Times Investment Management Co., Ltd., or Rongde Times, Beijing Zhongsi Zhida Investment Management Co., Ltd., or Beijing Zhongsi, Mr. Jinbiao Li and Mr. Meiliang Li; "US$," "U.S. dollars," "$" and "dollars" are to the legal currency of the United States; and "VIEs" are to Beijing Sentu Technology Co., Ltd. and its subsidiaries. Our reporting currency is the Renminbi. This annual report contains translations of Renminbi into U.S. dollars for the convenience of the reader. Unless otherwise

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This annual report contains forward-looking statements that involve risks and uncertainties. All statements other than statements of current or historical facts are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those listed under "Item 3. Key Information — D. Risk Factors," that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. In some cases, you can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to" or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements include, but not limited to, statements about: our goals and strategies; our future business development, financial condition and results of operations; the expected growth of the general education sector; our expectations regarding demand for, and market acceptance of, our services; government policies and regulations relating to our business and industry; our expectations regarding keeping and strengthening our relationships with users; our expectation regarding the use of proceeds from our public offerings or future offerings; general economic and business conditions in China; assumptions underlying or related to any of the foregoing; and uncertainty about the spread of the natural disasters, health epidemics and other outbreaks and the impact they may have on our and the VIEs' operations, the demand for the Company's products and services, and economic activity in general You should read this annual report and the d

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.

OFFER STATISTICS AND EXPECTED TIMETABLE

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.

KEY INFORMATION

ITEM 3. KEY INFORMATION Our Holding Company Structure and Contractual Arrangements with the VIEs and Their Respective Shareholders Jianzhi Education is a Cayman Islands holding company and does not conduct operations directly. The operations in China are conducted through (i) Jianzhi Education's PRC subsidiaries, including Jianzhi Beijing (the "WFOE") and its subsidiaries, in which we hold equity ownership interests, and (ii) variable interest entities, namely Beijing Sentu (the "VIE Entity") and its subsidiaries (collectively, the "VIEs"). The VIEs are consolidated for accounting purpose only and Jianzhi Education does not own any equity interest in the VIEs. Investors are purchasing equity interests in Jianzhi Education, the Cayman holding company, and are not purchasing, and may never directly hold, equity interests in the VIEs. In June 2018, the WFOE entered into a series of contractual arrangements with Beijing Sentu and its shareholders. These agreements or their forms are filed as exhibits to the registration statement on Form F-1 of which this annual report is a part and include: (i) an exclusive business cooperation agreement (the "Exclusive Business Cooperation Agreement"), which enables us to receive substantially all of the economic benefits of Beijing Sentu. Pursuant to the Exclusive Business Cooperation Agreement, Beijing Sentu is obliged to pay service fee to Jianzhi Beijing for the exclusive services such as technical services, Internet support, business consulting, marketing consulting, system integration, product development and system maintenance. The service fee shall consist of 100% of the profit before tax of Beijing Sentu, after the deduction of all costs, expenses, taxes and other fee required under PRC laws and regulations. Beijing Sentu agrees not to accept the same or any similar services provided by any third party and shall not establish cooperation relationships similar to that formed by the Exclusive Business Cooperation Agreement

View Full Filing

View this 20-F filing on SEC EDGAR