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Condensed Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 15,937 $ 2,225 ¥ 4,150
Accounts receivable, net 434,305 60,627 223,357
Advance to suppliers 19,959 2,787 9,623
Prepaid expenses and other current assets, net 9,075 1,267 11,069
Total current assets 493,459 68,886 278,162
Non-current assets      
Property and equipment, net 11,993 1,674 16,597
Deferred offering costs 6,122
Operating lease right-of-use assets 2,335 326 2,596
Intangible assets, net 1,660 232 2,134
Other non-current assets 2,500 349
Total non-current assets 18,488 2,581 27,449
TOTAL ASSETS 511,947 71,467 305,611
Current liabilities      
Short-term borrowings 27,091 3,782 31,704
Accounts payable 377,290 52,668 181,096
Accounts payable-a related party 871 122 1,089
Contract liabilities 1,474 206 940
Accrued expenses and other current liabilities 30,429 4,248 19,138
Lease liability – current 482 67 457
Total current liabilities 437,908 61,131 234,653
Non-current liabilities      
Deferred tax liabilities, net 1,917 268 626
Long-term Loan 667
Lease liability – non-current 2,000 279 2,226
Total non-current liabilities 3,917 547 3,519
TOTAL LIABILITIES 441,825 61,678 238,172
Commitments and contingencies (Note 12)
Shareholders’ equity      
Additional paid in capital 266,623 37,219 220,285
Accumulated deficit (198,484) (27,707) (155,215)
Total LZ Technology Holdings Limited (the “Company” or “LZ Technology”) shareholders’ equity 68,166 9,516 65,097
Non-controlling interests 1,956 273 2,342
Total shareholders’ equity 70,122 9,789 67,439
TOTAL LIABILITIES AND EQUITY 511,947 71,467 305,611
Related Party      
Current assets      
Due from related parties 14,183 1,980 29,963
Current liabilities      
Due to related parties 271 38 229
Class A Ordinary Shares      
Shareholders’ equity      
Ordinary shares value [1] 4 1 4
Class B Ordinary Shares      
Shareholders’ equity      
Ordinary shares value [1] ¥ 23 $ 3 ¥ 23
[1] Ordinary shares and shares data are presented on a retroactive basis to reflect the reorganization (Note 1(b)) and the Share Subdivision and the Share Surrender implemented on July 15, 2024 (Note 11).