CEO’s Letter of LZ Technology Holdings Limited
LZ Technology (NASDAQ: LZMH) posted FY2024 results showing Total Revenue RMB 823 million (USD 113 million), a 44.6% year-over-year increase. Local Life – Retail Sales grew 122.7% YoY to RMB 273 million (USD 37 million), representing 33.2% of revenue. The company describes a strategic shift from advertising to a platform-driven technology model covering communities, digital media, local services, e-commerce and travel.
Management announced a globalization strategy with the Middle East first: a strategic cooperation framework with Dubai’s MBH group and plans to form a UAE joint venture. The company is also accelerating integration with blockchain technologies, targeting areas such as Real-World-Asset tokenization and digital payments. Leadership says it will pursue a three-year "Scale-First" strategy to expand users, product mix and global footprint.
LZ Technology (NASDAQ: LZMH) ha pubblicato i risultati dell'anno fiscale 2024 mostrando un fatturato totale RMB 823 milioni (USD 113 milioni), in aumento del 44,6% su base annua. Le vendite di Local Life – Retail Sales sono cresciute del 122,7% YoY a RMB 273 milioni (USD 37 milioni), rappresentando il 33,2% del fatturato. L'azienda descrive uno spostamento strategico dall'advertising a un modello tecnologico guidato dalla piattaforma che copre comunità, media digitali, servizi locali, e-commerce e viaggi.
Il management ha annunciato una strategia di globalizzazione con il Medio Oriente in testa: un framework di cooperazione strategica con il gruppo MBH di Dubai e piani per costituire una joint venture negli UAE. L'azienda sta accelerando anche l'integrazione con tecnologie blockchain, mirando a settori come la tokenizzazione di Real-World-Asset e pagamenti digitali. La leadership afferma che adotterà una strategia triennale "Scale-First" per espandere utenti, gamma di prodotti e impronta globale.
LZ Technology (NASDAQ: LZMH) presentó resultados del FY2024 mostrando ingresos totales RMB 823 millones (USD 113 millones), un aumento interanual del 44,6%. Las ventas de Local Life – Retail Sales crecieron 122,7% interanual a RMB 273 millones (USD 37 millones), representando el 33,2% de los ingresos. La empresa describe un cambio estratégico desde la publicidad hacia un modelo tecnológico impulsado por la plataforma que cubre comunidades, medios digitales, servicios locales, comercio electrónico y viajes.
La dirección anunció una estrategia de globalización con Oriente Medio como prioridad: un marco de cooperación estratégica con el grupo MBH de Dubái y planes para formar una joint venture en los UAE. La compañía también está acelerando la integración con tecnologías de blockchain, enfocándose en áreas como tokenización de Activos del Mundo Real y pagos digitales. La dirección afirma que perseguirá una estrategia de tres años "Scale-First" para ampliar usuarios, la oferta de productos y la huella global.
LZ Technology (NASDAQ: LZMH)가 FY2024 실적을 발표했습니다. 총매출 RMB 823백만(미화 1억1300만 달러)로전년 대비 44.6%의 증가를 기록했습니다. Local Life – Retail Sales는 YoY 122.7% 증가하여 RMB 273백만(미화 3700만 달러)으로 매출의 33.2%를 차지했습니다. 회사는 광고에서 플랫폼 주도형 기술 모델로의 전략적 전환을 통해 커뮤니티, 디지털 미디어, 지역 서비스, 전자상거래 및 여행을 포괄한다고 설명합니다.
경영진은 중동을 최우선으로 하는 글로벌화 전략을 발표했습니다: 두바이의 MBH 그룹과의 전략적 협력 프레임워크와 UAE 조인트 벤처 설립 계획이 포함됩니다. 또한 블록체인 기술과의 통합을 가속화하고 있으며 실제 자산 토큰화 및 디지털 결제와 같은 영역을 목표로 하고 있습니다. 리더십은 향후 3년간 "Scale-First" 전략을 추구해 사용자 수, 제품 구성 및 글로벌 진출을 확장하겠다고 말했습니다.
LZ Technology (NASDAQ: LZMH) a publié les résultats de l'exercice 2024 montrant un chiffre d'affaires total de RMB 823 millions (USD 113 millions), en hausse de 44,6% sur un an. Les ventes Local Life – Retail Sales ont augmenté de 122,7% en glissement annuel, à RMB 273 millions (USD 37 millions), représentant 33,2% du chiffre d'affaires. L'entreprise décrit un virage stratégique de la publicité vers un modèle technologique piloté par une plateforme couvrant les communautés, les médias numériques, les services locaux, le commerce électronique et les voyages.
La direction a annoncé une stratégie de mondialisation avec le Moyen-Orient en priorité: un cadre de coopération stratégique avec le groupe MBH de Dubaï et des plans pour former une coentreprise aux Émirats arabes unis. L'entreprise accélère également l'intégration des technologies de Blockchain, visant des domaines tels que la tokenisation d'actifs du monde réel et les paiements numériques. La direction indique qu'elle poursuivra une stratégie triennale "Scale-First" pour développer les utilisateurs, la gamme de produits et l'empreinte mondiale.
LZ Technology (NASDAQ: LZMH) legte die Ergebnisse für das Geschäftsjahr 2024 vor und meldete einen Gesamtumsatz von RMB 823 Mio. (USD 113 Mio.), ein Anstieg von 44,6% gegenüber dem Vorjahr. Local Life – Retail Sales wuchsen um 122,7% YoY auf RMB 273 Mio. (USD 37 Mio.), was 33,2% des Umsatzes entspricht. Das Unternehmen beschreibt eine strategische Verschiebung von Werbung zu einem plattformgetriebenen Technologiemodell, das Gemeinschaften, digitale Medien, lokale Dienstleistungen, E-Commerce und Reisen abdeckt.
Das Management kündigte eine Globalisierungsstrategie an, bei der der Nahe Osten Priorität hat: ein strategischer Kooperationsrahmen mit der MBH-Gruppe in Dubai und Pläne zur Gründung eines UAE-Joint Ventures. Das Unternehmen beschleunigt außerdem die Integration von Blockchain-Technologien und zielt auf Bereiche wie Tokenisierung von Real-World-Assets und digitale Zahlungen. Die Führung sagt, dass man eine dreijährige "Scale-First"-Strategie verfolgen werde, um Benutzerzahlen, Produktvielfalt und globale Reichweite auszubauen.
LZ Technology (NASDAQ: LZMH) أعلنت عن نتائج السنة المالية 2024 مع إيرادات إجمالية قدرها RMB 823 مليون (USD 113 مليون)، بزيادة بنسبة 44.6% على أساس سنوي. ارتفعت مبيعات Local Life – Retail Sales بـ 122.7% على أساس سنوي لتصل إلى RMB 273 مليون (USD 37 مليون)، وتمثل 33.2% من الإيرادات. تصف الشركة تحولا استراتيجيا من الإعلانات إلى نموذج تقني يعتمد على المنصة ويغطي المجتمعات، وسائل الإعلام الرقمية، الخدمات المحلية، التجارة الإلكترونية والسفر.
أعلنت الإدارة عن استراتيجية عولمة مع الشرق الأوسط في المقدمة: إطار تعاون استراتيجي مع مجموعة MBH في دبي وخطط لتشكيل مشروع مشترك في الإمارات. كما تتسارع الشركة في دمج تقنيات البلوك تشين، مستهدفة مجالات مثل ترميز الأصول الواقعية والمدفوعات الرقمية. تقول القيادة إنها ستتبنى استراتيجية ثلاثية السنوات بعنوان "Scale-First" لتوسيع المستخدمين وتنوع المنتجات والبصمة العالمية.
- Total revenue RMB 823M in FY2024 (+44.6% YoY)
- Local Life retail sales RMB 273M in FY2024 (+122.7% YoY, 33.2% of revenue)
- Announced strategic cooperation with Dubai MBH and planned UAE joint venture
- None.
Insights
Strong FY2024 growth and a Dubai joint‑venture mark clear expansion beyond advertising.
LZ Technology shows a platform shift:
Key dependencies include execution of the announced strategic framework with Dubai’s MBH group and the ability to localize the platform. Risks center on cross‑border integration, regulatory fit, and translating Chinese operating models to the Middle East; these factors will determine whether the JV scales as intended. Watch the formal JV formation, early operational KPIs, and milestones over the next
Reported metrics indicate material top‑line momentum and a clear allocation toward high‑growth verticals.
Reported figures are explicit: Total Revenue
Critical near‑term items to monitor are quarter‑on‑quarter revenue mix trends, capital deployment for the Middle East JV, and any disclosed timelines or metrics for blockchain efforts such as RWA tokenization and digital payments; these will clarify whether growth is sustainable or front‑loaded.
HUZHOU CITY, China, Oct. 30, 2025 (GLOBE NEWSWIRE) -- LZ Technology Holdings Limited (NASDAQ: LZMH) (“LZ Technology” or the “Company”), an information technology and advertising company, today issued the following letter from the Company’s CEO to its employees and shareholders.
Dear Fellow Colleague and Shareholder,
The year 2025 marks a pivotal moment in the transformation of LZ Technology. On behalf of the management team, I would like to express my heartfelt appreciation to every employee for your dedication and to all our shareholders for your unwavering trust and support.
Over the past few years, LZ Technology has completed a deep transformation—from an advertising company into a platform-driven technology enterprise. Today, LZ Technology is no longer defined by advertising alone. We have evolved into an integrated platform that connects communities, digital media, local lifestyle services, e-commerce, and travel, reshaping how communities and commerce interact at scale.
Our FY2024 results clearly demonstrate the strength of this transformation:
- Total Revenue reached RMB 823 million (USD 113 million), representing a year-over-year growth of
44.6% , driven by robust business momentum. - Local Life – Retail Sales revenue surged
122.7% year-over-year to RMB 273 million (USD 37 million), accounting for33.2% of total revenue—up significantly from the previous year.
Looking ahead, we will continue to expand investment in our high-growth verticals—e-commerce and travel—leveraging our established community reach and traffic advantages to build a synergistic and sustainable business ecosystem.
In parallel, we have formally launched our globalization strategy, with the Middle East as our first destination. We have reached a strategic cooperation framework with Dubai’s MBH group, and plan to establish a joint venture in the UAE that integrates LZ Technology’s technological expertise with local resources to tap into the region’s vast market potential.
Our goal is to “build another LZ Technology” in the Middle East—combining our proven technology and operational experience from the Chinese market with localized demand to create a digital-ecosystem platform with distinctive regional characteristics. This will represent not only market expansion, but also a global validation of LZ Technology’s brand and business model.
At the same time, LZ Technology is accelerating its integration with blockchain technology. We are actively exploring diverse collaborations with leading blockchain enterprises—particularly in areas such as Real-World-Asset (RWA) tokenization and digital payments. We believe blockchain will bring a revolutionary upgrade to our platform’s trust mechanisms, transaction efficiency, and user-rights protection—forming a stronger technological foundation for LZ Technology in the digital-economy era.
While LZ Technology is already a leader in its field, we recognize the vast room for continued growth. Over the next three years, we will steadfastly execute our “Scale-First” strategy, expanding both platform reach and business breadth. We will grow our user base, optimize our product structure, and strengthen our global footprint to create a replicable, scalable growth model. Only with sufficient scale can we build the network effects and competitive moat that define truly enduring platform enterprises.
Every breakthrough we achieve, every new market we enter, and every user who places trust in us strengthens our drive to move forward. LZ Technology will continue to expand its platform and global footprint with focus, discipline, and resolve. Together, let us build LZ Technology into a world-class technology platform that connects communities across the globe.
Thank you for your continued trust and support.
With my best regards,
Theo Zhang
Chief Executive Officer
LZ Technology Holdings Limited
About LZMH
LZ Technology Holdings Limited is an information technology and advertising company operating through its subsidiaries in China. The Company’s business spans three key verticals: Smart Community, Out-of-Home Advertising, and Local Life. Its Smart Community services provide intelligent access control and safety management systems, installed in thousands of residential communities in China. Its Out-of-Home Advertising division offers multi-channel advertising solutions through a vast network of monitors across approximately 120 cities in China, with ad placements on access control screens, SaaS platforms, and third-party advertising spaces. The Company’s Local Life vertical connects businesses with consumers through online promotions, social media marketing, and retail sales of various products and services. LZ Technology is committed to providing high-quality services to communities and businesses.
Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.
For further information, please contact:
Michael Wu
Investor Relations
LZ Technology Holdings Limited
michael@lzmh.co
FAQ
What were LZ Technology's FY2024 revenues reported on October 30, 2025 for LZMH?
How much did Local Life retail sales grow for LZ Technology (LZMH) in FY2024?
What globalization steps did LZ Technology (LZMH) announce on October 30, 2025?
What blockchain initiatives did LZ Technology (LZMH) describe in the CEO letter?
What is LZ Technology's strategic focus over the next three years as stated by management?
