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
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- 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
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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
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.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Adult Education Supporting Services | 15.6M CNY | 18.7M CNY | 16.6M CNY |
| Safety Technology Training Services | 8.4M CNY | ||
| Online Course Services | 414.1K CNY | ||
| Customized Equipment | 230.0K 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
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | 25.7M CNY | 18.7M CNY | 15.6M CNY |
| Cost of revenue | 14.0M CNY | 5.7M CNY | 812.5K CNY |
| Gross profit | 11.7M CNY | 13.1M CNY | 14.8M CNY |
| Selling expenses | 4.1M CNY | 534.6K CNY | 453.0K CNY |
| General and administrative expenses | 17.6M CNY | 5.5M CNY | 2.0M CNY |
| Research and development expenses | 2.1M CNY | 709.8K CNY | 695.8K CNY |
| Total operating expenses | 23.9M CNY | 6.7M CNY | 3.2M CNY |
| INCOME FROM OPERATIONS | -12.2M CNY | 6.4M CNY | 11.6M CNY |
| Interest income | 843 CNY | 17.9K CNY | 2.3K CNY |
| Interest expenses | -301.6K CNY | -108.1K CNY | -65.3K CNY |
| Other (loss) income, net | 1.8M CNY | -142.5K CNY | -393.3K CNY |
| Total other (loss) income, net | 1.5M CNY | -232.6K CNY | -456.3K CNY |
| INCOME (LOSS) BEFORE INCOME TAXES | -10.7M CNY | 6.2M CNY | 11.1M CNY |
| INCOME TAX EXPENSE (BENEFIT) | -186.2K CNY | 545.7K CNY | 1.6M CNY |
| NET INCOME (LOSS) | -10.5M CNY | 5.6M CNY | 9.6M 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 CNY | 5.6M CNY | 9.5M CNY |
| Foreign currency translation adjustment | -1.5M CNY | 418.5K CNY | |
| TOTAL COMPREHENSIVE INCOME (LOSS) | -12.0M CNY | 6.0M CNY | 9.6M 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 CNY | 6.0M CNY | 9.5M CNY |
| Basic (per share) | -38.44 CNY | 45.67 CNY | 85.30 CNY |
| Diluted (per share) | -38.44 CNY | 45.67 CNY | 85.30 CNY |
| Basic (in shares) | 275.7K shares | 122.7K shares | 111.2K shares |
| Diluted (in shares) | 275.7K shares | 122.7K shares | 111.2K shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-05-31 | 2024-12-31 | 2023-12-31 | 2023-02-28 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 19.8M CNY | 3.9M CNY | |||
| Accounts receivable, net | 6.3M CNY | 10.6M CNY | |||
| Deferred offering costs | 228.2K CNY | ||||
| Prepayment and other current assets | 61.6M CNY | 12.1M CNY | |||
| Amount due from related parties | 4.4M CNY | ||||
| TOTAL CURRENT ASSETS | 87.9M CNY | 31.0M CNY | |||
| Property and equipment, net | 4.3M CNY | 580.9K CNY | |||
| Intangible assets, net | 24.0M CNY | 16.9M CNY | |||
| Prepayment for acquisition | 0 CNY | 32.0M CNY | |||
| Right-of-use assets | 966.5K CNY | 768.0K CNY | |||
| Deferred tax assets | 232.6K CNY | 15.3K CNY | |||
| Goodwill | 26.6M CNY | ||||
| TOTAL ASSETS | 144.0M CNY | 81.3M CNY | |||
| Bank loans | 15.2M CNY | 4.0M CNY | |||
| Payroll payables | 2.0M CNY | 1.0M CNY | |||
| Other payables | 2.1M CNY | 1.4M CNY | |||
| Deferred revenue | 40.9K CNY | 620.0K CNY | 58.3K CNY | ||
| Lease liabilities | 482.3K CNY | 496.6K CNY | |||
| Amount due to related parties | 462.8K CNY | 275.1K CNY | |||
| Taxes payable | 1.5M CNY | 2.0M CNY | |||
| TOTAL CURRENT LIABILITIES | 21.7M CNY | 9.8M CNY | |||
| Long-term loans | 1.0M CNY | ||||
| Lease liabilities | 480.8K CNY | 271.4K CNY | |||
| TOTAL LIABILITIES | 23.2M CNY | 10.0M CNY | |||
| Additional paid-in capital | 127.5M CNY | 50.2M CNY | |||
| Statutory reserves | 2.1M CNY | 2.1M CNY | |||
| Ordinary shares subscribed | -15.8M CNY | -1.9K CNY | |||
| Retained earnings | 7.8M CNY | 18.5M CNY | |||
| Accumulated other comprehensive income (loss) | -1.1M CNY | 418.5K CNY | |||
| TOTAL JIADE LIMITED SHAREHOLDERS' EQUITY | 120.6M CNY | 71.1M CNY | |||
| NON-CONTROLLING INTERESTS | 150.6K CNY | 149.7K CNY | |||
| TOTAL SHAREHOLDERS' EQUITY | 120.7M CNY | 71.3M CNY | 17.8M CNY | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 144.0M CNY | 81.3M CNY | |||
| Ordinary shares, par value (per share) | $0.08 | $0.01 | |||
| Ordinary shares, shares authorized | 25.0M shares | 200.0M shares |
| Period ending | 2025-12-31 | 2025-05-31 | 2024-12-31 | 2023-12-31 | 2023-02-28 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 19.8M CNY | 3.9M CNY | ||||
| Accounts receivable, net | 6.3M CNY | 10.6M CNY | ||||
| Deferred offering costs | 228.2K CNY | |||||
| Prepayment and other current assets | 61.6M CNY | 12.1M CNY | ||||
| Amount due from related parties | 4.4M CNY | |||||
| TOTAL CURRENT ASSETS | 87.9M CNY | 31.0M CNY | ||||
| Property and equipment, net | 4.3M CNY | 580.9K CNY | ||||
| Intangible assets, net | 24.0M CNY | 16.9M CNY | ||||
| Prepayment for acquisition | 0 CNY | 32.0M CNY | ||||
| Right-of-use assets | 966.5K CNY | 768.0K CNY | ||||
| Deferred tax assets | 232.6K CNY | 15.3K CNY | ||||
| Goodwill | 26.6M CNY | |||||
| TOTAL ASSETS | 144.0M CNY | 81.3M CNY | ||||
| Bank loans | 15.2M CNY | 4.0M CNY | ||||
| Payroll payables | 2.0M CNY | 1.0M CNY | ||||
| Other payables | 2.1M CNY | 1.4M CNY | ||||
| Deferred revenue | 40.9K CNY | 620.0K CNY | 58.3K CNY | |||
| Lease liabilities | 482.3K CNY | 496.6K CNY | ||||
| Amount due to related parties | 462.8K CNY | 275.1K CNY | ||||
| Taxes payable | 1.5M CNY | 2.0M CNY | ||||
| TOTAL CURRENT LIABILITIES | 21.7M CNY | 9.8M CNY | ||||
| Long-term loans | 1.0M CNY | |||||
| Lease liabilities | 480.8K CNY | 271.4K CNY | ||||
| TOTAL LIABILITIES | 23.2M CNY | 10.0M CNY | ||||
| Additional paid-in capital | 127.5M CNY | 50.2M CNY | ||||
| Statutory reserves | 2.1M CNY | 2.1M CNY | ||||
| Ordinary shares subscribed | -15.8M CNY | -1.9K CNY | ||||
| Retained earnings | 7.8M CNY | 18.5M CNY | ||||
| Accumulated other comprehensive income (loss) | -1.1M CNY | 418.5K CNY | ||||
| TOTAL JIADE LIMITED SHAREHOLDERS' EQUITY | 120.6M CNY | 71.1M CNY | ||||
| NON-CONTROLLING INTERESTS | 150.6K CNY | 149.7K CNY | ||||
| TOTAL SHAREHOLDERS' EQUITY | 120.7M CNY | 71.3M CNY | 17.8M CNY | 7.5M CNY | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 144.0M CNY | 81.3M CNY | ||||
| Ordinary shares, par value (per share) | $0.08 | $0.01 | ||||
| Ordinary shares, shares authorized | 25.0M shares | 200.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total net income (loss) | -10.5M CNY | 5.6M CNY | 9.6M CNY |
| Depreciation and amortization | 2.6M CNY | 331.1K CNY | 213.2K CNY |
| Amortization of right of use assets and interest of lease liabilities | 912.7K CNY | 405.4K CNY | 304.8K CNY |
| Other income - rent subsidy | -28.1K CNY | ||
| (Gain)/loss from termination of operating lease | 32.0K CNY | -50.6K CNY | |
| Net loss on disposal of property and equipment | 17.1K CNY | 251.3K CNY | |
| Credit loss for accounts receivable | 785.7K CNY | 102.2K CNY | 0 CNY |
| Employee stock compensation | 6.3M CNY | ||
| Unrealized foreign exchange loss (gain) | -1.5M CNY | 192.9K CNY | |
| Deferred tax | -217.2K CNY | -15.3K CNY | |
| Accounts receivable | 3.5M CNY | -2.8M CNY | -1.4M CNY |
| Prepayment and other current assets | 565.5K CNY | -8.8M CNY | 282.5K CNY |
| Other long-term assets | 67.8K CNY | 91.6K CNY | |
| Accounts payable | -1.6K CNY | -178.4K CNY | |
| Other payables | -1.0M CNY | 289.1K CNY | -73.7K CNY |
| Payroll payables | 755.0K CNY | 369.2K CNY | 124.2K CNY |
| Deferred revenue | -795.8K CNY | 561.7K CNY | 41.4K CNY |
| Change in lease liabilities - operating lease | -916.1K CNY | -357.4K CNY | -310.8K CNY |
| Taxes payable | -515.9K CNY | -956.1K CNY | 1.6M CNY |
| NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | -93.2K CNY | -5.1M CNY | 10.4M CNY |
| Purchase of property and equipment | -4.4M CNY | -592.5K CNY | -6.3K CNY |
| Purchase of intangible assets | -52.0M CNY | -15.1M CNY | -1.8M CNY |
| Proceeds from disposal of property and equipment | 1.0K CNY | ||
| Acquisition of subsidiaries, net of cash acquired | 445.8K CNY | -32.0M CNY | |
| NET CASH USED IN INVESTING ACTIVITIES | -55.9M CNY | -47.7M CNY | -1.8M CNY |
| Proceeds from bank loans | 16.2M CNY | 4.0M CNY | 3.0M CNY |
| Repayments of bank loans | -4.0M CNY | -3.0M CNY | -595.8K CNY |
| Capital contributed by shareholders | 2.0K CNY | 751.6K CNY | |
| Proceeds from issuance of ordinary shares upon the completion of IPO | 54.5M CNY | ||
| Proceeds from issuance of ordinary shares upon exercise of underwriters' over-allotment option | 8.7M CNY | ||
| Share issuances, net of issuance costs | 55.3M CNY | ||
| Deferred costs related to shares offering | -228.2K CNY | -10.6M CNY | -6.6M CNY |
| Net (repayment) proceeds from related parties | 4.6M CNY | -4.2M CNY | -618.5K CNY |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | 71.9M CNY | 49.4M CNY | -4.1M CNY |
| EFFECT OF FOREIGN EXCHANGE RATE ON CASH AND CASH EQUIVALENT | -10.7K CNY | 225.6K CNY | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 15.9M CNY | -3.2M CNY | 4.5M CNY |
| Cash paid for interest expense | 301.6K CNY | 108.1K CNY | 65.3K CNY |
| Cash paid for income tax | 11.4K CNY | 1.3M CNY | 28.4K CNY |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 995.0K CNY | 35.5K CNY | |
| Right-of-use assets derecognized for termination of operating lease liabilities | -78.6K CNY | -2.0M CNY | |
| Right-of-use assets obtained in exchange for operating lease liabilities from modification | 1.2M CNY |
No quarter-by-quarter statement was filed.
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
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $2.8M2 Dec 31, 2025 | $536.8K5 Dec 31, 2024 | +426.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| 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 executive
Chief financial officer
Chief operating officer
- 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)
- Chief Technology OfficerDai Hangyu Jun 11, 2026 to now10
- Board memberLi Xiaohui Jun 11, 2026 to now6
- Board memberQiu Shuang Jun 11, 2026 to now11
- Board memberYuan Li Jun 11, 2026 to now7
Timeline
Filings
77 filings to the SEC since October 2021: 2 annual reports, 6 insider forms, 4 large holders, 65 other. The latest 20:
- Aug 7, 20266-K EDGAR
- Jul 30, 20266-K EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
- Jun 2, 20266-K EDGAR
- Jun 1, 2026424B5 EDGAR
- May 27, 20266-K EDGAR
- May 7, 20266-K EDGAR
- May 6, 2026424B5 EDGAR
- May 6, 20266-K EDGAR
- Apr 21, 20266-K EDGAR
- Apr 10, 20266-K EDGAR
- Apr 10, 202620-F EDGAR
- Mar 20, 20266-K EDGAR
- Mar 11, 20266-K EDGAR
- 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.
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
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares | JDZG | Nasdaq |
From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARJIADE Ltd filings on SEC EDGAR
- 2SEC EDGARJIADE Ltd 10-K for fiscal 2025
- 3SEC EDGARJIADE Ltd filings on SEC EDGAR
- 4
- 5SEC EDGARJIADE Ltd 10-K for fiscal 2024
- 6SEC EDGARLi Xiaohui, Chief executive officer
- 7SEC EDGARYuan Li, Chief executive officer
- 8SEC EDGARTan Li, Chief financial officer
- 9SEC EDGARLan Xiang, Chief operating officer
- 10SEC EDGARDai Hangyu, Chief Technology Officer
- 11SEC EDGARQiu Shuang, Board member
- 12
- 13SEC EDGARYuan Li SC 13G on JIADE Ltd
- 14SEC EDGARZhirong Zhou SC 13G on JIADE Ltd