Zhangmen Education Inc. is a Cayman Islands holding company. It conducts its operations in China through its PRC subsidiary and consolidated variable interest entity, or the VIE. Current PRC laws and regulations restrict foreign investment in companies that engage in value-added telecommunication services and certain other businesses. Therefore, we have, through our subsidiary, entered into a series of contractual arrangements, as amended and restated, with the VIE as well as its shareholder. We are regarded as the primary beneficiary of the VIE for accounting purposes and to consolidate its operating results in our financial statements under the U.S. GAAP, to the extent the conditions for consolidation of the VIE under U.S. GAAP are satisfied. Nonetheless, The VIE is owned by the nominee shareholder, not us. The nominee shareholder is also a beneficial owner of the Company. Investors in our ADSs are purchasing equity securities of a Cayman Islands holding company rather than equity securities issued by our subsidiaries and the VIE. Investors who are non-PRC residents may never directly hold equity interests in the VIE under current PRC laws and regulations. Neither such investors nor the holding company itself have an equity ownership in, direct investment in, or control of, through such ownership or investment, the VIE. As used in this annual report, “we,” “us,” “our company,” or “our,” refers to Zhangmen Education Inc. and its subsidiaries, and, in the context of describing our consolidated financial information, business operations and operating data, our consolidated VIE, “Shanghai Zhangda” refers to “Shanghai Zhangda Education Technology Co., Ltd.” We refer to Shanghai Zhangxinrui Technology Co., Ltd. (“Shanghai Zhangxinrui”) as the PRC subsidiary in the context of describing of its activities. We refer to Shanghai Zhangda as the VIE in the context of describing its activities and contractual arrangements with us. The VIE conducts operations in China, and the VIE is not an entity in which we own equity, and our Company does not conduct operations by ourselves. The following chart shows our corporate structure, including our principal subsidiaries and VIE as of the date of this annual report.
Company profile
Ticker
ZMENY
Exchange
Website
Employees
Location
Industry (SIC)
Former names
Global Online Education Inc.
SEC CIK
ZMENY stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
17 Nov 23
S-8 POS
Registration of securities for employees (post-effective amendment)
16 Nov 23
6-K
Zhangmen Education Inc. Announces Completion of Merger
15 Nov 23
SC 13E3/A
Going private transaction (amended)
15 Nov 23
6-K
Zhangmen Education Inc. Announces Shareholders’ Approval of Going-Private Transaction
1 Nov 23
6-K
Zhangmen Education Inc. Announces Extraordinary General Meeting
28 Sep 23
SC 13E3/A
Going private transaction (amended)
28 Sep 23
SC 13E3/A
Going private transaction (amended)
21 Sep 23
CORRESP
Correspondence with SEC
21 Sep 23
UPLOAD
Letter from SEC
14 Sep 23
Latest ownership filings
SC 13G/A
WARBURG PINCUS LLC
14 Feb 24
SC 13G/A
SOFTBANK GROUP CORP.
13 Feb 24
SC 13G/A
CMC Zenith Holdings Ltd
7 Feb 24
SC 13G/A
Genesis Capital I LP
25 Jan 24
SC 13G/A
Zhang Yi
16 Nov 23
SC 13G/A
Shanghai Huasheng Lingfei Equity Investment (Limited Partnership)
1 Feb 23
SC 13G
Shanghai Huasheng Lingfei Equity Investment (Limited Partnership)
15 Feb 22
SC 13G
CMC Zenith Holdings Ltd
14 Feb 22
SC 13G
SB Global Advisers Ltd
14 Feb 22
SC 13G
Shanghai Wenwei I Enterprise Management Partnership (Limited Partnership)
14 Feb 22
Financial summary
Quarter (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 6 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 2.67 bn |
Total shares | 677.30 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Genesis Capital I | 223.34 mm | $1.01 bn |
Zhang Yi | 194.88 mm | $880.85 mm |
Shanghai Wenwei I Enterprise Management Partnership | 87.79 mm | $396.81 mm |
CMC Zenith | 86.77 mm | $0.00 |
Yu Teng | 84.52 mm | $382.03 mm |
Rhumbline Advisers | 848.00 | $377.00 k |