LZ Technology Holdings Limited announced its full year earnings results for the period ended December 31, 2024, on June 17, 2025. The company reported a significant financial turnaround, achieving a net income of CNY 5.54 million for the full year, a substantial improvement from the net loss of CNY 6.21 million in 2023. Operating income also turned positive, reaching $3.63 million in 2024.
The company demonstrated robust revenue growth, with total revenue reaching CNY 822.83 million in 2024, an increase from CNY 568.87 million in 2023. Sales also grew to CNY 550.44 million, up from CNY 441.32 million a year ago, reflecting strong operational performance across its segments.
LZMH's financial health improved significantly in 2024, with working capital turning positive at $43.51 million and net debt reducing to $28.37 million. Free cash flow also became positive, reaching $4.32 million, a substantial improvement from previous negative figures. Operating cash flow similarly turned positive at $4.67 million, and normalized EBITDA reached $14.27 million.
Basic and diluted earnings per share from continuing operations both stood at CNY 0.04 for 2024, a positive shift from the basic and diluted loss per share of CNY 0.04 in 2023. This comprehensive return to profitability and improved liquidity underscores the effectiveness of the company's strategic initiatives and operational execution.
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