JDZG on Nasdaq

JIADE Ltd

JIADE Ltd is an educational services company in the Cayman Islands, listed on Nasdaq (JDZG).1

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Last updated Oct 21, 2026.

Overview

$3.7MRevenue, fiscal 20252
-$1.5MNet income, fiscal 20252

Compare with KIDZ AI Inc., Lixiang Education Holding Co. Ltd. or Visionary Holdings Inc., or pick any stock.

  • TickerJDZG on Nasdaq1
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressUnit 2-02, Puningdun Business Plaza, No.1702&1706 Minjiang Rd, Jinjian Dist., Chengdu City, Sichuan Province, 6100003
  • Filer categoryNon-accelerated filer, Emerging growth company3

Kebiao Technology was established on April 28, 2020, as a limited liability company organized under the laws of the PRC. On December 14, 2022, Kebiao Technology was acquired by Jiade Zhigao, a limited liability company organized on May 6, 2022 under the laws of the PRC, from Yuan Li and Zhirong Zhou, two previous owners of Kebiao Technology for a total consideration of RMB2,000,000. On December 2, 2022, WISMASS HK, a company incorporated in Hong Kong on October 24, 2022 and then a wholly owned subsidiary of WISMASS BVI, entered into a share transfer agreement with Yuan Li, who was then the 51.33% owner of Jiade Zhigao, to acquire 9% of the equity interests in Jiade Zhigao from Yuan Li for a total consideration of RMB180,000. Consequently, Jiade Zhigao became a foreign-invested enterprise in the PRC. On May 26, 2023, WISMASS HK entered into a share subscription agreement with Jiade Zhigao…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

45.4%Gross margin2
-47.6%Operating margin2
-41.2%Net margin2
43.1%Revenue growth, 20252
-8.8%Return on equity2
-$637.1KFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Adult Education Supporting Services brought in 65% of the revenue JIADE Ltd broke down this way in fiscal 2025.

  1. Adult Education Supporting Services16.6M CNY265%down 11% from 2024
  2. Safety Technology Training Services8.4M CNY233%
  3. Online Course Services414.1K CNY22%
  4. Customized Equipment230.0K CNY21%
Products and services by year
Products and services202320242025
Adult Education Supporting Services15.6M CNY18.7M CNY16.6M CNY
Safety Technology Training Services8.4M CNY
Online Course Services414.1K CNY
Customized Equipment230.0K CNY

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue55¢$2.0M
  • Research and development8¢$305.3K
  • Other costs36¢$1.3M
  • Income tax1¢$26.6K

Out of $3.7M in revenue.2 The company lost money this year.

Financial statements

Revenue52$3.7M in 2025+43% since 2024
0$1.0M$2.0M$3.0M$4.0M2024: $2.6M$2.6M20242025: $3.7M$3.7M2025+43%
Gross profit52$1.7M in 2025−7% since 2024
0$500.0K$1.0M$1.5M$2.0M2024: $1.8M$1.8M20242025: $1.7M$1.7M2025−7%
Operating income52-$1.7M in 2025
-$2.0M-$1.0M0$1.0M2024: $874.8K$874.8K20242025: -$1.7M-$1.7M2025
Net income52-$1.5M in 2025
-$2.0M-$1.0M0$1.0M2024: $767.6K$767.6K20242025: -$1.5M-$1.5M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue25.7M CNY18.7M CNY15.6M CNY
Cost of revenue14.0M CNY5.7M CNY812.5K CNY
Gross profit11.7M CNY13.1M CNY14.8M CNY
Selling expenses4.1M CNY534.6K CNY453.0K CNY
General and administrative expenses17.6M CNY5.5M CNY2.0M CNY
Research and development expenses2.1M CNY709.8K CNY695.8K CNY
Total operating expenses23.9M CNY6.7M CNY3.2M CNY
INCOME FROM OPERATIONS-12.2M CNY6.4M CNY11.6M CNY
Interest income843 CNY17.9K CNY2.3K CNY
Interest expenses-301.6K CNY-108.1K CNY-65.3K CNY
Other (loss) income, net1.8M CNY-142.5K CNY-393.3K CNY
Total other (loss) income, net1.5M CNY-232.6K CNY-456.3K CNY
INCOME (LOSS) BEFORE INCOME TAXES-10.7M CNY6.2M CNY11.1M CNY
INCOME TAX EXPENSE (BENEFIT)-186.2K CNY545.7K CNY1.6M CNY
NET INCOME (LOSS)-10.5M CNY5.6M CNY9.6M CNY
Less: net income attributable to non-controlling interest-68.3K CNY-3.6K CNY-78.4K CNY
NET INCOME (LOSS) ATTRIBUTABLE TO JIADE LIMITED'S SHAREHOLDERS-10.6M CNY5.6M CNY9.5M CNY
Foreign currency translation adjustment-1.5M CNY418.5K CNY
TOTAL COMPREHENSIVE INCOME (LOSS)-12.0M CNY6.0M CNY9.6M CNY
Less: comprehensive income attributable to non-controlling interest-68.3K CNY-3.6K CNY-78.4K CNY
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JIADE LIMITED'S SHAREHOLDERS-12.1M CNY6.0M CNY9.5M CNY
Basic (per share)-38.44 CNY45.67 CNY85.30 CNY
Diluted (per share)-38.44 CNY45.67 CNY85.30 CNY
Basic (in shares)275.7K shares122.7K shares111.2K shares
Diluted (in shares)275.7K shares122.7K shares111.2K shares

Compare JIADE Ltd with another company

Corporate structure

JIADE Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of JIADE Ltd

  • Ka Fai Koly Chan Filed SCHEDULE 13G/A on JIADE Ltd, latest Jul 11, 2025 (2 filings since Nov 14, 2024)
  • Yuan Li Filed SC 13G on JIADE Ltd, latest Nov 14, 2024
  • Zhirong Zhou Filed SC 13G on JIADE Ltd, latest Nov 14, 2024
  • JIADE Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What JIADE Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$816.4K2 Dec 31, 2025$165.3K5 Dec 31, 2024+393.8%
Accumulated depreciation$207.9K2 Dec 31, 2025$85.8K5 Dec 31, 2024+142.4%
Property and equipment, net$608.5K2 Dec 31, 2025$79.6K5 Dec 31, 2024+664.6%
Operating-lease assets (leased space)$138.1K2 Dec 31, 2025$105.2K5 Dec 31, 2024+31.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.8M2 Dec 31, 2025$536.8K5 Dec 31, 2024+426.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.8M2 Dec 31, 2025
Intangible assets, net (excluding goodwill)$3.4M2 Dec 31, 2025$2.3M5 Dec 31, 2024+48.0%
Finite-lived intangibles, gross$3.7M2 Dec 31, 2025$2.3M5 Dec 31, 2024+57.2%
Accumulated amortization$253.2K2 Dec 31, 2025$26.2K5 Dec 31, 2024+865.4%
Finite-lived intangibles, net$3.4M2 Dec 31, 2025$2.3M5 Dec 31, 2024+48.0%

Leadership

Who has led JIADE Ltd, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Tan Li2026–now

Chief operating officer

  1. Lan Xiang2026–now
  • Chief executive officerLi Xiaohui Jun 11, 2026 to now6
  • Chief executive officerYuan Li Jun 11, 2026 to now7
  • Chief financial officerTan Li Jun 11, 2026 to now8
  • Chief operating officerLan Xiang Jun 11, 2026 to now9
Board members and other officers (4)

Timeline

  1. Jun 11, 2026New chief executive Yuan Li becomes CEO7
  2. Jun 11, 2026New chief executive Li Xiaohui becomes CEO6

Filings

77 filings to the SEC since October 2021: 2 annual reports, 6 insider forms, 4 large holders, 65 other. The latest 20:

  1. Aug 7, 20266-K EDGAR
  2. Jul 30, 20266-K EDGAR
  3. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  4. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  5. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  6. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  7. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  8. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Jun 2, 20266-K EDGAR
  10. Jun 1, 2026424B5 EDGAR
  11. May 27, 20266-K EDGAR
  12. May 7, 20266-K EDGAR
  13. May 6, 2026424B5 EDGAR
  14. May 6, 20266-K EDGAR
  15. Apr 21, 20266-K EDGAR
  16. Apr 10, 20266-K EDGAR
  17. Apr 10, 202620-F EDGAR
  18. Mar 20, 20266-K EDGAR
  19. Mar 11, 20266-K EDGAR
  20. Mar 5, 20266-K EDGAR

The 77 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Ka Fai Koly ChanSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Jul 11, 202512
  • Yuan LiSC 13G, 1 filing Nov 14, 202413
  • Zhirong ZhouSC 13G, 1 filing Nov 14, 202414

SEC filer profile

How JIADE Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARJIADE Ltd1
  • CIK0001976908
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressUnit 2-02, Puningdun Business Plaza, No.1702&1706 Minjiang Rd, Jinjian Dist., Chengdu City, Sichuan Province, 610000, China1
  • Phone400-028-07761
  • Shares outstanding892,686 Common Class A shares; 42,083 Common Class B shares as of Dec 31, 20254
  • AuditorEnrome LLP, Singapore PCAOB ID 6907; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 3, 20231
  • Filings77 in all: 6-K (26), CORRESP (7), UPLOAD (7), 3 (6), F-1/A (4), 424B5 (3), EFFECT (3), SC 13G (3)1
    All 21 form types

    20-F (2), DRS (2), DRS/A (2), DRSLTR (2), F-1 (2), 424B1 (1), 424B4 (1), 8-A12B (1), CERT (1), F-3 (1), FWP (1), S-8 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 10, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary SharesJDZGNasdaq

From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).4