Financial Data and Key Metrics Changes - In Q4 2022, total net revenues reached RMB587.6 million, a 5% increase year-over-year, driven by growth in average user spending on audio entertainment products [24] - Full year 2022 revenue increased to RMB2.185 billion, with a gross margin improvement of 400 basis points to 33% [12][23] - Net income for Q4 2022 surged to RMB31.4 million, a 58% sequential increase and over 250% year-over-year [12][22] - Full year net income reached RMB86.5 million, compared to a net loss of RMB127.3 million in the previous year [23] Business Line Data and Key Metrics Changes - The audio entertainment business saw the launch of new products and features, enhancing user engagement and interactivity [13][14] - Average monthly active users (MAUs) in Q4 2022 were 50.8 million, with average monthly paying users totaling 491.8 thousand [11] Market Data and Key Metrics Changes - The company has been recognized among China's top 100 Internet companies for the fourth consecutive year, indicating strong market positioning [16] Company Strategy and Development Direction - The company aims to enhance its global expansion strategy in 2023, focusing on AI chatbot applications and targeting diverse user groups [36] - Plans to leverage advanced technologies such as AIGC and voice AI to innovate product features and enhance user experiences [20][36] - The strategy includes reducing user acquisition costs and promoting organic growth through enhanced product network effects [37] Management Comments on Operating Environment and Future Outlook - Management noted that the pandemic has shifted user behavior towards online companionship and emotional connections, which aligns with the company's product positioning [36] - The company expects to see continued growth in profitability and revenue diversification through new business models, including AI chatbots [44] Other Important Information - The company has made significant advancements in AI technologies, including automatic speech recognition and text-to-speech, which are foundational for future product innovations [15][18] Q&A Session Summary Question: What is the company's strategy in the post-pandemic era in 2023? - The company will focus on global expansion and AI chatbot applications, targeting diverse user groups to achieve steady growth [36] Question: Can management share more specific plans regarding the chatbot area? - The company has been developing voice chatbot technology since 2018 and plans to leverage its experience to enhance user companionship experiences [40] Question: What measures are being taken to sustain growth and improve profitability? - The company aims to improve average revenue per user (ARPU) through innovative product features and operational strategies, while also diversifying revenue streams [43][44]

| --- | --- | --- | --- | |-------|-------|-------|-----------------------------------| | | | | | | | | | LIZHI INC. Investor Presentation | | | | | Q4 2022 | 2 Disclaimer This presentation has been prepared by LIZHI INC. (the "Company") solely for informational purposes. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or any opinions presented herein or any oral or w ...

Call Start: 08:00 January 1, 0000 8:40 AM ET LIZHI Inc. (LIZI) Q3 2022 Earnings Conference Call November 16, 2022 08:00 ET Company Participants Effy Kang - Head of Capital Markets Marco Lai - Founder & Chief Executive Officer Zelong Li - Chief Operating Officer Chengfang Lu - Acting Chief Financial Officer Conference Call Participants Vicky Wei - Citi Operator Hello, ladies and gentlemen. Thank you for standing by for LIZHI's Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants a ...

| --- | --- | --- | --- | |-------|-------|-------|-----------------------------------| | | | | | | | | | LIZHI INC. Investor Presentation | | | | | Q2 2022 | 2 Disclaimer This presentation has been prepared by LIZHI INC. (the "Company") solely for informational purposes. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or any opinions presented herein or any oral or w ...

LIZHI Inc. (LIZI) Q2 2022 Earnings Conference Call August 18, 2022 9:00 PM ET Company Participants Effy Kang - Head, Capital Markets Marco Lai - Founder and CEO Zelong Li - Chief Operating Officer Chengfang Lu - Acting Chief Financial Officer Conference Call Participants Vicky Wei - Citi Operator Hello, ladies and gentlemen. Thank you for standing by for LIZHI Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode. After managementÂ's remarks, there will be ...

Lizhi Inc. (LIZI) Q1 2022 Earnings Conference Call May 26, 2022 9:00 PM ET Company Participants Effy Kang - IR Marco Lai - Founder and CEO Zelong Li - COO Chengfang Lu - Acting CFO Conference Call Participants Vicky Wei - Citi Operator Hello ladies and gentlemen. Thank you for standing by for LIZHI, INC.'s First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After managements remarks there will be a question-and-answer session. Today's conference call is bei ...

Table of Contents 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, 2021. 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 ...

Financial Data and Key Metrics Changes - In Q4 2021, Lizhi reported a record high revenue of RMB560 million, representing a year-over-year increase of 33% [11][34] - The average monthly paying users increased by 18% year-over-year to 497,300 [11][40] - Gross margin expanded to 32%, up 400 basis points year-over-year [12][32] - The company achieved a net income of RMB8.92 million in Q4 2021, compared to a net loss of RMB5.8 million in Q4 2020 [12][40] - Full year revenue for 2021 grew by 41% to RMB2.1 billion, with a gross margin of 29%, an increase of 400 basis points compared to 2020 [13][34] Business Line Data and Key Metrics Changes - The audio entertainment business saw an increase in average monthly active users to 9.4 million in Q4 2021, with robust growth in both paying user base and revenue [16] - The company organized various events to enhance user engagement, which contributed to the growth in the audio entertainment segment [15][66] Market Data and Key Metrics Changes - By the end of 2021, cumulative downloads of the TIYA app reached nearly 20 million, indicating strong user interest and engagement [19] - The average time spent daily in real-time voice rooms per user increased by 68% year-over-year in December 2021 [18] Company Strategy and Development Direction - Lizhi aims to continue its globalization strategy, exploring new markets and diversifying its product portfolio to enhance its competitive position in the audio ecosystem [29][62] - The company plans to optimize its operational strategies and enhance user engagement through product innovation and marketing [22][66] - Lizhi is focused on building a sustainable audio ecosystem while maximizing value through refined operational strategies [9][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining solid revenue growth momentum in 2022, despite potential fluctuations due to seasonal factors [48][50] - The company anticipates further narrowing of losses in 2022 and aims for overall profitability in the mid to long term [50][52] - Management highlighted the importance of optimizing cost structures and enhancing operational efficiency to achieve profitability [52][66] Other Important Information - The company established its global headquarters in Singapore to support international business expansion and innovation [23] - Lizhi's in-house developed technologies, such as DOREME and VoderX, are expected to enhance product features and user experiences [25][24] Q&A Session Summary Question: What is the outlook for profitability in 2022 and mid to long-term prospects? - Management noted the achievement of GAAP profitability for the first time and emphasized strategies for expanding the user base and increasing user spending to drive revenue growth [46][50] Question: Can management elaborate on the improvements in paying user rates? - Management attributed the increase in paying users to focused marketing strategies and promotional activities that enhanced user engagement and participation [53][54] Question: What is the growth strategy for 2022 and the outlook for the audio entertainment sector? - Management expressed confidence in scaling growth through globalization and product optimization, aiming to replicate successful domestic strategies in international markets [60][62]

LIZHI INC. Investor Presentation Q4 2021 2 Disclaimer This presentation has been prepared by LIZHI INC. (the "Company") solely for informational purposes. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or any opinions presented herein or any oral or written communication in connection with the contents contained herein. The information contained in this presentation ...

LIZHI INC. Investor Presentation Q3 2021 2 Disclaimer This presentation has been prepared by LIZHI INC. (the "Company") solely for informational purposes. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or any opinions presented herein or any oral or written communication in connection with the contents contained herein. The information contained in this presentation ...