Traders should be cautious of JDZG's deteriorating profitability despite revenue growth. The significant related party transactions and material weakness in internal controls raise governance concerns. Monitor future filings for improvements in cost management and internal controls.
Price Chart
Executive Summary
JIADE Ltd (JDZG) reported a significant net loss of $1.5 million in 2025, reversing from a $5.6 million net income in 2024, primarily due to a 37% revenue increase being offset by a 148% surge in costs and expenses. The company also faces significant related party transactions and a material weakness in internal controls.
Key Facts
- Net loss of $1.5 million in 2025 vs. $5.6 million net income in 2024
- Revenue increased 37% to $3.67 million in 2025, driven by new safety training services
- Total costs and expenses surged 148% to $5.42 million in 2025
- Significant related party transactions: $4.44 million loaned to CEO, $0.46 million owed by company to CEO
- Material weakness in internal controls: inadequate segregation of duties due to limited accounting staff
- CEO Yuan Li controls 99.09% of voting power
Financial Impact
The company's net loss increased by $16.1 million from 2024 to 2025, with costs growing at a rate 4x faster than revenue.
Risk Factors
- High concentration of ownership with CEO controlling 99.09% of voting power
- Material weakness in internal controls over financial reporting
- Significant related party transactions that could impact financial integrity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 11 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-041971 |
| Document: jdzg-20251231xex4d5.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex2d2.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex8d1.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex12d2.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex12d1.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex13d1.htm | 0001104659-26-041971 |
| Document: jdzg-20251231xex13d2.htm | 0001104659-26-041971 |
| Document: 0001104659-26-041971-index-headers.html | 0001104659-26-041971 |
| Document: 0001104659-26-041971-index.html | 0001104659-26-041971 |
| Document: 0001104659-26-041971.txt | 0001104659-26-041971 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 1, 2026 21w ago | 424B5 | $63.89 $4.05 | ▲ +93.66% | ▲ +94.78% | $6.10 (+90.45%) |
May 6, 2026 24w ago | 424B5 | $12.80 $3.86 | ▲ +69.84% | ▲ +73.36% | $6.10 (+52.34%) |
May 6, 2026 24w ago | 6-K | $12.80 $3.86 | ▲ +69.84% | ▲ +73.36% | $6.10 (+52.34%) |
Apr 21, 2026 27w ago | 6-K | $11.10 $50.00 | ▼ −350.45% | ▼ −345.67% | $6.10 (+45.05%) |
Apr 10, 2026 28w ago | 6-K | $19.90 $50.00 | ▼ −151.26% | ▼ −142.33% | $6.10 (+69.35%) |
Apr 10, 2026 28w ago | 20-F | $19.90 $50.00 | ▼ −151.26% | ▼ −142.33% | $6.10 (+69.35%) |
US Market Status
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