Research,
Administration,
Development,
Growth,
Partnership,
Travel,
Software,
IPO,
American depositary receipt,
ADS,
Marketing,
Cryptocurrency The Company’s gross profit margin improved to 3.7% for the year ended December 31, 2023 from negative 1.1% for the year ended December 31, 2022.
Key Points:
- The Company’s gross profit margin improved to 3.7% for the year ended December 31, 2023 from negative 1.1% for the year ended December 31, 2022.
- Sales and Marketing Expenses: The sales and marketing expenses was RMB7.6 million (US$1.1 million) and RMB7.1 million for the fiscal years 2023 and 2022, respectively.
- General and Administrative Expenses: The general and administrative expenses decreased to RMB22.2 million (US$3.1 million) for the fiscal year 2023 from RMB53.2 million for the fiscal year 2022.
- Accordingly, the Company charged impairment of RMB155.3 million (US$21.9 million) against long-term prepayments for the year ended December 31, 2023.
BEIJING, March 07, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated March 5, 2024, informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(1) (the “Minimum Bid Price Requirement”).
Key Points:
- BEIJING, March 07, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it has received a notification letter (the “Compliance Notice”) from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market Inc. (“Nasdaq”) dated March 5, 2024, informing the Company that it has regained compliance with Nasdaq Listing Rule 5550(a)(1) (the “Minimum Bid Price Requirement”).
- As previously announced, the Company received a notification letter from the Nasdaq dated September 12, 2023, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1).
- According to the Compliance Notice, for the last 10 consecutive business days, from February 20 through March 4, 2024, the closing bid price of the Company’s ADSs has been at $1.00 per share or greater.
- Accordingly, the Company has regained compliance with the Minimum Bid Price Requirement, and the matter is closed.
Retrieved on:
Friday, February 16, 2024
BEIJING, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) from current one (1) ADS representing two (2) ordinary shares to a new ADS Ratio of one (1) ADS representing six (6) ordinary shares (the “ADS Ratio Change”).
Key Points:
- BEIJING, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) from current one (1) ADS representing two (2) ordinary shares to a new ADS Ratio of one (1) ADS representing six (6) ordinary shares (the “ADS Ratio Change”).
- For Jianzhi’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-three reverse ADS split.
- The ADS Ratio Change will have no impact on Jianzhi’s underlying ordinary shares, and no ordinary shares will be issued or canceled in connection with the ADS Ratio Change.
- As a result of the ADS Ratio Change, Jianzhi’s ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than three (3) times the ADS trading price before the change.
BEIJING, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced its financial results for the first half of 2023.
Key Points:
- BEIJING, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced its financial results for the first half of 2023.
- Net revenues were RMB280.6 million ($38.7 million) for the first six months of 2023, compared to RMB260.4 million during the same period in 2022.
- Gross profit was RMB23.9million ($3.3million) for the first six months of 2023, compared to RMB40.0 million during the same period in 2022.
- Net loss for the first half 2023 was RMB93.6 million ($12.9 million), compared to net loss of RMB2.9 million during the same period in 2022.
Retrieved on:
Friday, September 29, 2023
Travel,
Marketing,
COVID-19,
School,
US,
Current research information system,
Acquisition,
Risk,
Ecosystem,
Research,
RMB,
Cryptocurrency,
Pharmaceutical industry Because there is constant need for updating and developing educational content, the Company faced the risk of content becoming outdated before generating profits.
Key Points:
- Because there is constant need for updating and developing educational content, the Company faced the risk of content becoming outdated before generating profits.
- Therefore In 2022, Jianzhi adopted conservative strategies, resulting in a significant decline in revenues and lost subscriptions.
- Sales and marketing expenses decreased from RMB7.6 million in 2021 to RMB7.1 million (US$1.0 million) in 2022.
- General and administrative expenses increased from RMB19.5 million in 2021 to RMB179.2 million (US$26.0 million) in 2022.
Retrieved on:
Friday, September 15, 2023
BEIJING, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Company has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 12, 2023, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1).
Key Points:
- BEIJING, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the “Company” or “Jianzhi”) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Company has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) dated September 12, 2023, indicating that for the last 30 consecutive business days, the closing bid price for the Company’s American depositary shares (the “ADSs”) was below the minimum bid price of US$1.00 per share requirement set forth in Nasdaq Listing Rule 5450(a)(1).
- The Nasdaq notification letter has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Select Market.
- Pursuant to the Nasdaq Listing Rules 5810(c)(3)(A), the Company is provided with a compliance period of 180 calendar days, or until March 11, 2024, to regain compliance under the Listing Rules.
- The Nasdaq notification letter will have no effect on the Company’s business operations, and the Company will take all reasonable measures to regain compliance.
Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required public financial reports with the SEC.
Key Points:
- Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required public financial reports with the SEC.
- The Notice provides that the Company has until July 17, 2023 to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules.
- If Nasdaq does not accept the Company’s plan, then the Company would have the opportunity to appeal that decision to a Nasdaq hearings panel.
- The Company intends to submit to Nasdaq a plan to regain compliance on or before July 17, 2023 as required by the Notice.
Retrieved on:
Thursday, December 22, 2022
IPO,
Marketing,
ADS,
Research,
ADSS,
COVID-19,
Local government,
RMB,
Quarantine,
Development,
Administration,
American depositary receipt,
Video game,
Pharmaceutical industry Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.
Key Points:
- Gross profit decreased from RMB71.7 million for the first half of 2021 to RMB40.0 million (US$6.0 million) for the first half of 2022.
- Gross profit margin decreased from 25.9% for the first half of 2021 to 15.4% for the first half of 2022.
- The total operating expenses increased from RMB23.1 million for the first half of 2021 to RMB41.7 million (US$6.2 million) for the first half of 2022.
- The income tax expenses decreased from RMB8.1 million for the first half of 2021 to RMB2.6 million (US$0.4 million) for the first half of 2022.
Retrieved on:
Monday, November 28, 2022
BEIJING, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the Company or Jianzhi) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Companys subsidiary Shanghai Angyou Internet Technology Co., Ltd. (Angyou) has entered into strategic cooperation agreement with Jinqiao Management Bureau of Shanghai Pilot Free Trade Zone on its vocational training online platform.
Key Points:
- BEIJING, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Jianzhi Education Technology Group Company Limited (the Company or Jianzhi) (NASDAQ: JZ), a leading provider of digital educational content in China, today announced that the Companys subsidiary Shanghai Angyou Internet Technology Co., Ltd. (Angyou) has entered into strategic cooperation agreement with Jinqiao Management Bureau of Shanghai Pilot Free Trade Zone on its vocational training online platform.
- The cooperation was formed as part of Shanghai Pudong New Areas initiatives to facilitate the empowerment of real economy with online platforms.
- Angyous innovative vocational training platform is among the first fleet of online platform projects that are recognized as key economic development projects by Pudong New Area.
- The Company aims to build an online training platform with innovative digital content, which shall be more cost efficient and with broader scope of services.
Retrieved on:
Monday, November 14, 2022
Cooperation,
JZ,
Partnership,
Employment,
Cyberspace Administration of China,
Commerce,
Development,
Plan,
Ecosystem,
Growth,
Education,
National Development and Reform Commission,
City,
School,
Omnichannel,
University,
Warehouse,
Online shopping,
Chinese paper cutting Pivoting around employment and entrepreneurship-oriented practical training, Jianzhi provides digital educational content and intelligent education solutions for domestic higher education institutions and institutional clients.
Key Points:
- Pivoting around employment and entrepreneurship-oriented practical training, Jianzhi provides digital educational content and intelligent education solutions for domestic higher education institutions and institutional clients.
- Pursuant to the Plan, cross-border e-commerce is tagged with strategic value.
- Yong Hu, CEO of the Company commented: We are glad to announce our tie-up with the Modern Industry-Education Integration Promotion Center as both of us see the rise of e-commerce industry in China.
- Jianzhi is also fully committed to the digitalization and informatization of the education sector in China.
