Core Viewpoint - LZMH (联掌门户) experienced a significant stock price increase of 44.62% on August 8, closing at $3.76 per share, with a total market capitalization of $572 million [1] Financial Performance - For the fiscal year ending December 31, 2024, LZMH reported total revenue of 823 million RMB, reflecting a year-on-year growth of 44.64% [1] - The net profit attributable to shareholders reached 5.542 million RMB, marking a substantial increase of 189.26% year-on-year [1] Company Overview - LZMH is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, LZMH Network Technology Co., Ltd [1] - The company focuses on community family life services, utilizing IoT access screens to create a community service platform [1] - LZMH aims to establish an interactive community environment centered around smart hardware screens, leveraging screen quantity as a competitive advantage and community traffic as a key resource [1]

Group 1 - The top five gainers among Chinese concept stocks include LZMH (Linkage Technology Holdings) with a rise of 44.62%, BTOG (Bit Origin) up by 28.07%, ANTE (AirNet Technology) increasing by 18.99%, MSC (Melco Resorts) gaining 18.78%, and XTKG (X3 Holdings) rising by 14.77% [1] - LZMH's latest price is 3.760 with a gain of 1.160 and a trading volume of 11.88 million [1] - BTOG's latest price is 0.4270 with a gain of 0.0936 and a trading volume of 61.25 million [1] Group 2 - ANTE's latest price is 2.820 with a gain of 0.450 and a trading volume of 1.53 million [1] - MSC's latest price is 5.155 with a gain of 0.815 and a trading volume of 0.1296 million [1] - XTKG's latest price is 2.370 with a gain of 0.305 and a trading volume of 0.4721 million [1]

Group 1 - The core viewpoint of the article highlights the significant stock price increase of LZMH, which rose by 13.19% to $2.943 per share, with a total market capitalization of $448 million as of August 7 [1] - Financial data indicates that LZMH's total revenue reached 823 million RMB for the year ending December 31, 2024, representing a year-on-year growth of 44.64% [1] - The net profit attributable to the parent company was 5.542 million RMB, showing a substantial year-on-year increase of 189.26% [1] Group 2 - LZMH operates as a holding company registered in the Cayman Islands, primarily through its domestic subsidiary, LZMH Network Technology Co., Ltd [1] - The company focuses on creating a community family service platform by deploying IoT access screens, aiming to establish an interactive community environment centered around smart hardware [1] - The business model leverages the number of screens as a competitive advantage, community traffic as a key resource, service providers as labor, and an advertising platform as a profit loop, aiming to complete the first community life ecosystem layout in China [1]

Core Insights - LZMH's stock price increased by 3.46% to $2.69 per share, with a total market capitalization of $409 million as of August 7 [1] - The company reported total revenue of 823 million RMB for the year ending December 31, 2024, representing a year-on-year growth of 44.64% [1] - Net profit attributable to shareholders reached 5.542 million RMB, showing a significant increase of 189.26% year-on-year [1] Company Overview - LZMH is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, LZMH Network Technology Co., Ltd [1] - The company focuses on community family life services, utilizing IoT access screens to create a community service platform [1] - LZMH aims to establish an interactive community environment centered around smart hardware screens, leveraging data collection and information dissemination [1] Business Model - The company positions its screen count as a competitive advantage, with community traffic as a key resource and service providers as the workforce [1] - LZMH's revenue model is based on an advertising platform, completing the first community life ecosystem layout in China [1]

Group 1 - The article reports significant declines in the stock prices of several Chinese concept stocks, with the largest drop being 27.78% for LZMH (联掌科技控股) [1] - Other notable declines include PAVS (幸福来) down 20.94%, ORIS (闽东红) down 18.49%, EHGO (君长数码) down 17.88%, and OST (奥斯汀科技集团) down 17.29% [1] - The trading volumes for these stocks vary, with LZMH having a trading volume of 2.4457 million and PAVS at 25,300, indicating varying levels of investor interest [1]

| 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | LZMH | 联掌科技控股 | 3.600 | -19.64% | -0.880 | 170.51万 | | LICN | Lichen International | 4.530 | -19.25% | -1.080 | 140.6万 | | NAAS | 能链智电 | 2.680 | -15.72% | -0.500 | 170.44万 | | RAYA | 雷亚电子 | 0.0664 | -13.77% | -0.0106 | 439.17万 | | NCT | Intercont | 3.100 | -12.92% | -0.460 | 116.61万 | 中概股收盘跌幅前五的个股为：联掌科技控股跌19.64%，Lichen International跌19.25%，能链智电跌 15.72%，雷亚电子跌13.77%，Intercont跌12.92%。(格隆汇) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (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 For the transition period from __________ to _________ (Exact name of the Registrant as specif ...