LZ Technology Holdings (LZMH) Balance Sheet: Assets & Liabilities

LZ Technology Holdings (LZMH) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), LZ Technology Holdings reported total assets of CNY 390.09M and total liabilities of CNY 332.66M. Shareholders' equity was CNY 48.65M, down 25.3% from CNY 65.10M a year earlier. Total debt stood at CNY 61.35M against CNY 23.47M in cash and short-term investments, a net debt position of CNY 37.88M. That puts debt-to-equity at 1.26, compared with 0.54 a year earlier.

LZ Technology Holdings Balance Sheet Analysis

Values in millions CNY

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for LZ Technology Holdings Limited (LZMH) - Annual data in millions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Current Assets
Cash and Cash Equivalents	23.47	4.15	10.78	6.98	5.13
Short-Term Investments	0.98	0.00	0.00	1.72	0.20
Cash & Short-Term Investments	23.47	4.15	10.78	8.71	5.33
Accounts Receivable	248.05	262.62	224.57	73.13	33.13
Inventory	3.20	0.00	0.00	0.00	0.00
Other Current Assets	0.08	11.39	19.17	1.84	12.68
Total Current Assets	370.07	278.16	254.51	83.67	96.97
Non-Current Assets
Property, Plant & Equipment (Net)	12.19	19.19	24.44	34.22	42.22
Long-Term Investments	5.00	0.00	0.00	0.00	1.28
Goodwill	1.66	0.00	0.00	0.00	0.00
Intangible Assets	1.19	2.13	3.08	4.03	0.00
Other Non-Current Assets	0.00	6.12	4.10	0.55	0.00
Total Non-Current Assets	20.03	27.45	31.63	38.80	43.50
Total Assets	390.09	305.61	286.14	122.47	140.47
Current Liabilities
Accounts Payable	201.87	182.19	163.05	35.28	17.12
Short-Term Debt	59.11	32.31	32.10	67.12	84.65
Accrued Liabilities	2.97	19.14	13.67	4.13	11.46
Deferred Revenue	39.24	0.94	4.58	0.45	0.51
Other Current Liabilities	0.59	6.29	14.40	4.45	55.70
Total Current Liabilities	330.24	234.65	222.17	107.60	169.68
Non-Current Liabilities
Long-Term Debt	2.25	2.89	0.00	0.00	0.11
Deferred Tax Liabilities	0.17	0.63	2.30	0.00	0.00
Other Non-Current Liabilities	0.17	0.00	0.00	0.00	0.11
Total Non-Current Liabilities	2.42	3.52	2.30	0.00	0.21
Total Liabilities	332.66	238.17	224.47	107.60	169.89
Stockholders' Equity
Common Stock	0.03	0.03	0.05	0.04	0.04
Retained Earnings	-328.69	-155.22	-160.76	-154.27	-139.93
Accumulated Other Comprehensive Income	-0.39	0.00	0.00	0.00	0.00
Additional Paid-in Capital	377.70	220.29	218.26	168.14	112.37
Minority Interest	8.78	2.34	4.11	0.96	-1.91
Shares Outstanding	7.90	7.60	7.59	7.59	151.80
Total Stockholders' Equity	48.65	65.10	57.55	13.92	-29.42
Total Liabilities & Equity	390.09	305.61	286.14	122.47	140.47

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2025. Data sources and methodology

Frequently Asked Questions About LZ Technology Holdings Balance Sheet

How much debt does LZ Technology Holdings have?

LZ Technology Holdings had total debt of CNY 61.35M as of Dec 31, 2025, against CNY 23.47M in cash and short-term investments. Its debt-to-equity ratio was 1.26. Total debt was CNY 35.20M a year earlier.

What are LZ Technology Holdings's total assets?

LZ Technology Holdings reported total assets of CNY 390.09M as of Dec 31, 2025, up 27.6% from CNY 305.61M a year earlier. Total liabilities were CNY 332.66M.

What is LZ Technology Holdings's shareholders' equity?

LZ Technology Holdings's shareholders' equity was CNY 48.65M as of Dec 31, 2025, or about CNY 6.16 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition