NASDAQ : JDZG
JIADE Limited — Financial statements
Technology · Information Technology Services · China
Last price 0.9362 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.08M
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Financial statements
JIADE Limited (JDZG) reported revenue of 25.70M CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.70M | 25.70M | 18.74M | 15.57M | 10.24M | 5.03M |
| Cost of Revenue | 14.05M | 14.05M | 5.73M | 813.79K | 1.49M | 2.80M |
| Gross Profit | 11.66M | 11.66M | 13.01M | 14.76M | 8.75M | 2.23M |
| Selling, General & Admin | 21.86M | 21.86M | 6.00M | 2.55M | 2.35M | 1.43M |
| Research & Development | 2.02M | 2.02M | 629.35K | 642.79K | 353.18K | 412.10K |
| Operating Expenses | 23.88M | 23.88M | 6.62M | 3.19M | 2.70M | 1.84M |
| Operating Income | -12.22M | -12.22M | 6.39M | 11.57M | 6.05M | 390.80K |
| Interest Expense | -301.55K | -301.55K | -108.09K | -65.31K | -11.72K | |
| Interest & Investment Income | 843.00 | 843.00 | 17.93K | 2.29K | 101.00 | 2.44K |
| Other Non Operating Income (Expenses) | 1.82M | 1.82M | -142.48K | -170.11K | 11.95K | 8.95K |
| EBT Excluding Unusual Items | -10.70M | -10.70M | 6.15M | 11.34M | 6.05M | 402.18K |
| Gain (Loss) on Sale of Assets | -17.11K | -17.11K | -251.31K | |||
| Other Unusual Items | 28.14K | 196.97K | ||||
| Pretax Income | -10.71M | -10.71M | 6.15M | 11.11M | 6.25M | 402.18K |
| Income Tax Expense | -186.20K | -186.20K | 545.71K | 1.55M | 887.38K | 6.84K |
| Earnings From Continuing Operations | -10.53M | -10.53M | 5.61M | 9.56M | 5.36M | 395.34K |
| Minority Interest in Earnings | -68.30K | -68.30K | -3.56K | -78.41K | -43.95K | -3.24K |
| Net Income | -10.60M | -10.60M | 5.60M | 9.48M | 5.32M | 392.10K |
| Net Income to Common | -10.60M | -10.60M | 5.60M | 9.48M | 5.32M | 392.10K |
| Shares Outstanding (Basic) | 27.57K | 27.57K | 12.27K | 11.12K | 11.12K | 11.12K |
| Shares Outstanding (Diluted) | 27.57K | 27.57K | 12.27K | 11.12K | 11.12K | 11.12K |
| EPS (Basic) | -384.37 | -384.37 | 456.74 | 852.99 | 478.17 | 35.27 |
| EPS (Diluted) | -384.37 | -384.37 | 456.74 | 852.99 | 478.17 | 35.27 |
| Free Cash Flow | -4.46M | -4.46M | -5.64M | 10.37M | 6.62K | 1.13M |
| Free Cash Flow Per Share | -161.67 | -161.67 | -460.01 | 932.81 | 0.59 | 101.82 |
| Gross Margin | 45.35% | 45.35% | 69.42% | 94.77% | 85.48% | 44.39% |
| Operating Margin | -47.55% | -47.55% | 34.07% | 74.30% | 59.09% | 7.78% |
| Profit Margin | -41.23% | -41.23% | 29.90% | 60.90% | 51.92% | 7.80% |
| Free Cash Flow Margin | -17.34% | -17.34% | -30.11% | 66.60% | 0.07% | 22.52% |
| EBITDA | -11.21M | -11.21M | 6.56M | 11.76M | 6.32M | 522.04K |
| EBITDA Margin | -43.63% | -43.63% | 34.99% | 75.51% | 61.77% | 10.39% |
| D&A For EBITDA | 1.01M | 1.01M | 171.96K | 188.28K | 273.80K | 131.25K |
| EBIT | -12.22M | -12.22M | 6.39M | 11.57M | 6.05M | 390.80K |
| EBIT Margin | -47.55% | -47.55% | 34.07% | 74.30% | 59.09% | 7.78% |
| Effective Tax Rate | 8.87% | 13.96% | 14.20% | 1.70% | ||
| Revenue as Reported | 25.70M | 25.70M | 18.74M | 15.57M | 10.24M | 5.03M |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 19.77M | 19.77M | 3.92M | 7.08M | 2.60M | 6.39K |
| Short-Term Investments | 1.68M | 1.68M | 298.91K | 298.91K | ||
| Cash & Short-Term Investments | 21.46M | 21.46M | 3.92M | 7.08M | 2.90M | 305.30K |
| Accounts Receivable | 6.26M | 6.26M | 10.56M | 7.82M | 6.40M | 129.05K |
| Other Receivables | 1.94M | 1.94M | 4.64M | 42.15K | 17.85K | 848.30K |
| Receivables | 10.93M | 10.93M | 15.21M | 7.86M | 6.41M | 977.36K |
| Prepaid Expenses | 11.94M | 11.94M | 8.62M | |||
| Other Current Assets | 43.58M | 43.58M | 3.28M | 7.87M | 750.00K | |
| Total Current Assets | 87.90M | 87.90M | 31.03M | 22.81M | 10.07M | 1.28M |
| Property, Plant & Equipment | 5.22M | 5.22M | 1.35M | 360.84K | 2.97M | 2.54M |
| Goodwill | 26.55M | 26.55M | ||||
| Other Intangible Assets | 24.04M | 24.04M | 16.94M | 1.99M | 232.48K | |
| Long-Term Deferred Tax Assets | 232.56K | 232.56K | 15.33K | 32.50K | ||
| Other Long-Term Assets | 32.00M | 67.76K | 159.36K | 85.00K | ||
| Total Assets | 143.95M | 143.95M | 81.33M | 25.23M | 13.43M | 3.94M |
| Accounts Payable | 1.55K | 180.00K | 275.80K | |||
| Accrued Expenses | 4.06M | 4.06M | 2.76M | 1.82M | 1.25M | 280.67K |
| Short-Term Debt | 15.24M | 15.24M | 4.00M | 3.00M | 610.60K | 566.19K |
| Current Portion of Long-Term Debt | 245.07K | |||||
| Current Portion of Leases | 482.27K | 482.27K | 496.60K | 152.54K | 320.85K | 59.75K |
| Current Income Taxes Payable | 1.45M | 1.45M | 1.61M | 2.37M | 854.89K | |
| Current Unearned Revenue | 40.94K | 40.94K | 620.00K | 58.29K | 16.85K | 192.55K |
| Other Current Liabilities | 462.84K | 462.84K | 275.10K | 400.00K | ||
| Total Current Liabilities | 21.74M | 21.74M | 9.76M | 7.41M | 3.48M | 1.77M |
| Long-Term Debt | 1.00M | 1.00M | 350.74K | |||
| Long-Term Leases | 480.84K | 480.84K | 271.44K | 2.09M | 2.01M | |
| Total Liabilities | 23.22M | 23.22M | 10.04M | 7.41M | 5.92M | 3.79M |
| Common Stock | 16.08K | 16.08K | 2.11K | 1.54M | 1.54M | 1.54M |
| Additional Paid-In Capital | 127.45M | 127.45M | 50.18M | 2.73M | 1.98M | |
| Retained Earnings | 9.95M | 9.95M | 20.55M | 14.95M | 5.46M | 146.72K |
| Comprehensive Income & Other | -16.84M | -16.84M | 416.58K | -1.54M | -1.54M | -1.54M |
| Total Common Equity | 120.58M | 120.58M | 71.15M | 17.68M | 7.45M | 146.72K |
| Minority Interest | 150.55K | 150.55K | 149.69K | 146.14K | 61.57K | 1.21K |
| Shareholders' Equity | 120.73M | 120.73M | 71.30M | 17.82M | 7.51M | 147.93K |
| Total Liabilities & Equity | 143.95M | 143.95M | 81.33M | 25.23M | 13.43M | 3.94M |
| Total Debt | 17.20M | 17.20M | 4.77M | 3.15M | 3.62M | 2.64M |
| Net Cash (Debt) | 4.25M | 4.25M | -849.90K | 3.93M | -715.47K | -2.33M |
| Net Cash Per Share | 154.31 | 154.31 | -69.28 | 353.43 | -64.35 | -209.85 |
| Filing Date Shares Outstanding | 431.48K | 431.48K | 12.27K | 11.12K | 11.12K | 11.12K |
| Total Common Shares Outstanding | 93.48K | 93.48K | 12.27K | 11.12K | 11.12K | 11.12K |
| Working Capital | 66.16M | 66.16M | 21.26M | 15.40M | 6.59M | -492.30K |
| Book Value Per Share | 1,289.96 | 1,289.96 | 5,799.57 | 1,589.82 | 669.78 | 13.20 |
| Tangible Book Value | 69.99M | 69.99M | 54.21M | 15.69M | 7.21M | 146.72K |
| Tangible Book Value Per Share | 748.72 | 748.72 | 4,418.43 | 1,410.85 | 648.87 | 13.20 |
| Machinery | 1.63M | 1.63M | 1.21M | 614.32K | 607.98K | 526.70K |
| Leasehold Improvements | 4.08M | 4.08M | 407.50K |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.60M | -10.60M | 5.60M | 9.48M | 5.32M | 392.10K |
| Depreciation & Amortization | 1.01M | 1.01M | 171.96K | 188.28K | 273.80K | 131.25K |
| Other Amortization | 7.84M | 7.84M | 159.11K | 24.94K | 7.39K | |
| Loss (Gain) From Sale of Assets | 17.11K | 17.11K | 251.31K | |||
| Provision & Write-off of Bad Debts | 785.70K | 785.70K | 102.20K | |||
| Other Operating Activities | -730.41K | -730.41K | 618.46K | 304.51K | 253.87K | 5.63K |
| Change in Accounts Receivable | 3.52M | 3.52M | -2.85M | -1.42M | -6.27M | -129.05K |
| Change in Accounts Payable | -1.55K | -178.45K | -275.80K | 262.95K | ||
| Change in Unearned Revenue | -795.78K | -795.78K | 561.71K | 41.45K | -175.70K | 192.55K |
| Change in Income Taxes | -515.87K | -515.87K | -956.11K | 1.57M | 1.34M | 16.95K |
| Change in Other Net Operating Assets | -629.14K | -629.14K | -8.46M | 113.79K | 23.98K | 326.37K |
| Operating Cash Flow | -93.19K | -93.19K | -5.05M | 10.38M | 495.40K | 1.20M |
| Capital Expenditures | -4.36M | -4.36M | -592.50K | -6.33K | -488.78K | -66.70K |
| Sale of Property, Plant & Equipment | 1.00K | 1.00K | ||||
| Cash Acquisitions | 445.82K | 445.82K | -32.00M | |||
| Sale (Purchase) of Intangibles | -52.03M | -52.03M | -15.11M | -1.78M | -59.87K | |
| Investing Cash Flow | -55.95M | -55.95M | -47.71M | -1.79M | -548.65K | -66.70K |
| Short-Term Debt Issued | 4.63M | 4.63M | 805.07K | |||
| Long-Term Debt Issued | 16.24M | 16.24M | 4.00M | 3.00M | 650.00K | |
| Total Debt Issued | 20.87M | 20.87M | 4.00M | 3.00M | 1.46M | |
| Short-Term Debt Repaid | -4.00M | -4.00M | -7.16M | -1.21M | -54.18K | -1.13M |
| Total Debt Repaid | -4.00M | -4.00M | -7.16M | -1.21M | -54.18K | -1.13M |
| Net Debt Issued (Repaid) | 16.87M | 16.87M | -3.16M | 1.79M | 1.40M | -1.13M |
| Issuance of Common Stock | 55.27M | 55.27M | 63.17M | 745.48K | 1.98M | |
| Other Financing Activities | -228.21K | -228.21K | -10.65M | -6.64M | -733.60K | |
| Financing Cash Flow | 71.91M | 71.91M | 49.37M | -4.11M | 2.65M | -1.13M |
| Foreign Exchange Rate Adjustments | -10.66K | -10.66K | 225.61K | |||
| Net Cash Flow | 15.86M | 15.86M | -3.16M | 4.48M | 2.60M | 5.07K |
| Free Cash Flow | -4.46M | -4.46M | -5.64M | 10.37M | 6.62K | 1.13M |
| Free Cash Flow Margin | -17.34% | -17.34% | -30.11% | 66.60% | 0.07% | 22.52% |
| Free Cash Flow Per Share | -161.67 | -161.67 | -460.01 | 932.81 | 0.59 | 101.82 |
| Levered Free Cash Flow | -93.96M | -93.96M | -21.82M | -996.21K | -1.53M | |
| Unlevered Free Cash Flow | -93.77M | -93.77M | -21.75M | -955.39K | -1.52M | |
| Cash Interest Paid | 301.55K | 301.55K | 108.09K | 65.31K | 11.72K | |
| Cash Income Tax Paid | 11.43K | 11.43K | 1.30M | 28.36K | 4.46K | |
| Change in Working Capital | 1.58M | 1.58M | -11.71M | 124.77K | -5.36M | 669.77K |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.08M | 18.93M | 20.78M | |||
| Enterprise Value | 4.48M | 19.30M | 12.48M | |||
| Last Close Price | 0.94 | 202.50 | 1,694.20 | |||
| PE Ratio | 27.07 | |||||
| PS Ratio | 1.38 | 5.15 | 8.09 | |||
| PB Ratio | 0.01 | 1.10 | 2.13 | |||
| P/TBV Ratio | 0.51 | 1.89 | 2.80 | |||
| EV/Sales Ratio | 1.22 | 5.25 | 4.86 | |||
| EV/EBITDA Ratio | 13.89 | |||||
| EV/EBIT Ratio | 14.26 | |||||
| Debt / Equity Ratio | 0.14 | 0.14 | 0.07 | 0.18 | 0.48 | 17.84 |
| Debt / EBITDA Ratio | 0.68 | 0.26 | 0.54 | 3.58 | ||
| Debt / FCF Ratio | 0.30 | 546.92 | 2.33 | |||
| Net Debt / Equity Ratio | -0.04 | -0.04 | 0.01 | -0.22 | 0.10 | 15.77 |
| Net Debt / EBITDA Ratio | 0.38 | 0.38 | 0.13 | -0.33 | 0.11 | 4.47 |
| Net Debt / FCF Ratio | 0.95 | 0.95 | -0.15 | -0.38 | 108.14 | 2.06 |
| Asset Turnover | 0.23 | 0.23 | 0.35 | 0.81 | 1.18 | |
| Quick Ratio | 1.36 | 1.36 | 1.96 | 2.02 | 2.68 | 0.72 |
| Current Ratio | 4.04 | 4.04 | 3.18 | 3.08 | 2.89 | 0.72 |
| Return on Equity (ROE) | -10.96% | -10.96% | 12.58% | 75.50% | 140.03% | |
| Return on Assets (ROA) | -6.78% | -6.78% | 7.49% | 37.41% | 43.55% | |
| Return on Invested Capital (ROIC) | -10.49% | -12.96% | 13.53% | 90.02% | 96.98% | 15.48% |
| Return on Capital Employed (ROCE) | -10.00% | -10.00% | 8.90% | 64.90% | 60.80% | 18.10% |
| Earnings Yield | -5,869.95% | -8.00% | 3.69% | |||
| FCF Yield | -13.17% | -3.37% | -3.72% | |||
| Buyback Yield / Dilution | -124.72% | -124.72% | -10.34% |