Lixiang Education Holding Co., Ltd. announced earnings results for the fiscal year ended December 31, 2020. Net revenue increased by 4.7% from RMB 152.1 million in 2019 to RMB 159.2 million (USD 24.4 million) in 2020. The Company reported RMB 33.6 million (USD 5.1 million) of net income or RMB 0.62 (USD 0.10) per basic and diluted share in the fiscal year ended December 31, 2020, compared to net income of RMB 47.2 million, or RMB 0.94 per basic and diluted share, in the comparative period in 2019. Income from operations decreased by 42.1% from RMB 44.7 million in 2019 to RMB 25.9 million (USD 4.0 million) in 2020.