$JDZG

JIADE Ltd

CIK:0001976908|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2025

CNY (¥)

¥ / shares

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2024

CNY (¥)

¥ / shares

Dec. 31, 2023

CNY (¥)

¥ / shares

Revenue

¥ 25,701,513

$ 3,673,691

¥ 18,742,196

¥ 15,571,322

Cost of revenue

14,045,385

2,007,602

5,658,188

812,504

Gross profit

11,656,128

1,666,089

13,084,008

14,758,818

OPERATING EXPENSES

Selling expenses

4,102,391

586,383

534,630

452,966

General and administrative expenses

17,639,506

2,521,334

5,454,423

2,040,510

Research and development expenses

2,135,816

305,287

709,828

695,815

Total operating expenses

23,877,713

3,413,004

6,698,881

3,189,291

INCOME FROM OPERATIONS

(12,221,585)

(1,746,915)

6,385,127

11,569,527

OTHER (LOSS) INCOME

Interest income

843

120

17,933

2,286

Interest expenses

(301,551)

(43,103)

(108,090)

(65,315)

Other (loss) income, net

1,807,604

258,373

(142,477)

(393,278)

Total other (loss) income, net

1,506,896

215,390

(232,634)

(456,307)

INCOME (LOSS) BEFORE INCOME TAXES

(10,714,689)

(1,531,525)

6,152,493

11,113,220

INCOME TAX EXPENSE (BENEFIT)

(186,196)

(26,614)

545,711

1,551,288

NET INCOME (LOSS)

(10,528,493)

(1,504,911)

5,606,782

9,561,932

Less: net income attributable to non-controlling interest

(68,300)

(9,763)

(3,555)

(78,408)

NET INCOME (LOSS) ATTRIBUTABLE TO JIADE LIMITED'S SHAREHOLDERS

(10,596,793)

(1,514,674)

5,603,227

9,483,524

OTHER COMPREHENSIVE INCOME (LOSS)

Foreign currency translation adjustment

(1,504,835)

(215,096)

418,491

TOTAL COMPREHENSIVE INCOME (LOSS)

(12,033,328)

(1,720,007)

6,025,273

9,561,932

Less: comprehensive income attributable to non-controlling interest

(68,300)

(9,763)

(3,555)

(78,408)

TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JIADE LIMITED'S SHAREHOLDERS

¥ (12,101,628)

$ (1,729,770)

¥ 6,021,718

¥ 9,483,524

BASIC AND DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO THE COMPANY

Basic (per share) | (per share)

^[1]

¥ (38.44)

$ (5.49)

¥ 45.67

¥ 85.3

Diluted (per share) | (per share)

^[1]

¥ (38.44)

$ (5.49)

¥ 45.67

¥ 85.30

Weighted average number of shares outstanding

Basic (in shares)

275,685

122,679

111,179

Diluted (in shares)

275,685

122,679

111,179

Class A ordinary shares

Weighted average number of shares outstanding

Basic (in shares)

^[1]

233,602

80,596

69,096

Diluted (in shares)

^[1]

233,602

80,596

69,096

Class B ordinary shares

Weighted average number of shares outstanding

Basic (in shares)

^[1]

42,083

Diluted (in shares)

^[1]

42,083

Third party

Revenue

¥ 25,701,513

$ 3,673,691

¥ 18,742,196

¥ 14,718,233

Related Party

Revenue | ¥

¥ 853,089

[1]

Ordinary Shares have been retroactively adjusted to reflect the decreased number of shares resulting from the Share Consolidations, Change of Authorized Share Capital and Issue of Dual Class Shares effective on June 24, 2025 and March 23, 2026. The accompanying notes are an integral part of these consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:
Total net income (loss)	¥ (10,528,493)	$ (1,504,911)	¥ 5,606,782	¥ 9,561,932
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,587,751	369,885	331,069	213,212
Amortization of right of use assets and interest of lease liabilities	912,697	130,458	405,356	304,800
Other income - rent subsidy				(28,139)
(Gain)/loss from termination of operating lease			32,000	(50,555)
Net loss on disposal of property and equipment	17,115	2,446		251,310
Credit loss for accounts receivable	785,698	112,305	102,200	0
Employee stock compensation	6,264,915	895,487
Unrealized foreign exchange loss (gain)	(1,494,177)	(213,573)	192,880
Deferred tax	(217,233)	(31,051)	(15,330)
Changes in operating assets and liabilities:
Accounts receivable	3,519,328	503,041	(2,846,886)	(1,422,205)
Prepayment and other current assets	565,474	80,827	(8,831,715)	282,514
Other long-term assets			67,757	91,601
Accounts payable			(1,553)	(178,447)
Other payables	(1,033,505)	(147,723)	289,062	(73,663)
Payroll payables	754,951	107,910	369,211	124,171
Deferred revenue	(795,782)	(113,747)	561,707	41,445
Change in lease liabilities - operating lease	(916,061)	(130,939)	(357,355)	(310,832)
Taxes payable	(515,871)	(73,737)	(956,111)	1,570,186
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(93,193)	(13,322)	(5,050,926)	10,377,330
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,363,774)	(623,744)	(592,504)	(6,335)
Purchase of intangible assets	(52,032,088)	(7,437,299)	(15,113,206)	(1,782,178)
Proceeds from disposal of property and equipment	1,000	143
Acquisition of subsidiaries, net of cash acquired	445,823	63,725	(32,000,000)
NET CASH USED IN INVESTING ACTIVITIES	(55,949,039)	(7,997,175)	(47,705,710)	(1,788,513)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from bank loans	16,240,000	2,321,293	4,000,000	3,000,000
Repayments of bank loans	(4,000,000)	(571,747)	(3,000,000)	(595,817)
Capital contributed by shareholders	1,993	285		751,648
Proceeds from issuance of ordinary shares upon the completion of IPO			54,481,760
Proceeds from issuance of ordinary shares upon exercise of underwriters' over-allotment option			8,690,520
Share issuances, net of issuance costs	55,267,102	7,899,702
Deferred costs related to shares offering	(228,213)	(32,620)	(10,648,441)	(6,648,228)
Net (repayment) proceeds from related parties	4,627,442	661,432	(4,156,605)	(618,503)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	71,908,324	10,278,345	49,367,234	(4,110,900)
EFFECT OF FOREIGN EXCHANGE RATE ON CASH AND CASH EQUIVALENT	(10,658)	(1,523)	225,611
NET INCREASE IN CASH AND CASH EQUIVALENTS	15,855,434	2,266,325	(3,163,791)	4,477,917
TOTAL CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	3,918,146	560,047	7,081,937	2,604,020
TOTAL CASH AND CASH EQUIVALENTS, END OF YEAR	19,773,580	2,826,372	3,918,146	7,081,937
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest expense	301,551	43,103	108,090	65,315
Cash paid for income tax	11,434	1,596	1,303,716	28,363
Supplemental Schedule of Non-Cash Investing and Financing Activities
Right-of-use assets obtained in exchange for new operating lease liabilities			994,972	35,502
Right-of-use assets derecognized for termination of operating lease liabilities			¥ (78,588)	¥ (1,999,354)
Right-of-use assets obtained in exchange for operating lease liabilities from modification	¥ 1,198,602	$ 171,324