Company Overview - Jianzhi Education Technology Group Company Limited is a leading provider of digital educational content in China, established in 2011 and headquartered in Beijing [4] - The company focuses on developing educational content to meet the high demand for professional development training resources in China [4] - Jianzhi has built a comprehensive digital educational content database, offering a wide range of professional development products through its omni-channel sales system [4] Market Positioning - Jianzhi reaffirms its unique market positioning in the rapidly evolving Chinese digital education market, leveraging an expansive content ecosystem and proprietary AI-powered platforms [1][2] - The company distinguishes itself as a strategic enabler of educational solutions, integrating advanced technologies such as artificial intelligence and big data analytics [2][3] Strategic Focus - Jianzhi aims to bridge critical skill gaps while supporting stakeholders, positioning itself not just as a content provider but as a digital learning infrastructure company [3] - The company is focused on expanding its reach, enhancing AI-generated content capabilities, and forming strategic partnerships aligned with its vision for high-impact digital education in China [3]

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].

Core Insights - Jianzhi Education Technology Group Company Limited is launching new AI initiatives aimed at enhancing educational content and improving teaching efficiency and student learning experiences [1][2] Group 1: AI Initiatives - The company plans to develop and implement new algorithms for educational content, focusing on teaching design, student performance analysis, and homework grading [1] - CEO Yong Hu emphasized the potential of AI in education, marking this as a significant milestone in Jianzhi's digital transformation [1] - Future AI applications will include automated teaching design, intelligent tutoring, and personalized learning plan development, which are expected to improve teaching quality [1] Group 2: Company Background - Jianzhi, established in 2011 and headquartered in Beijing, is a leading provider of digital educational content in China [2] - The company has built a comprehensive digital educational content database and offers a wide range of professional development products [2] - Jianzhi is committed to the digitalization and informatization of the education sector in China, providing services to both higher education institutions and individual customers [2]

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].

Core Viewpoint - Jianzhi Education Technology Group Company Limited plans to change the ratio of its American Depositary Shares (ADSs) from one ADS representing two ordinary shares to one ADS representing six ordinary shares, effective around February 20, 2024 [1][2]. Group 1: ADS Ratio Change - The ADS Ratio Change will effectively act as a one-for-three reverse ADS split for existing ADS holders, requiring them to exchange every three existing ADSs for one new ADS [2]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. - The ADS Ratio Change is expected to increase Jianzhi's ADS trading price proportionally, although there is no assurance that the new price will be three times the previous price [3]. Group 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 [4]. - The company began by providing educational content products and IT services to higher education institutions and has expanded to individual customers [4]. - Jianzhi has developed a comprehensive digital educational content database and offers a wide range of professional development products through its online learning platforms and omni-channel sales system [4].