Not available for this issue.
A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.
Issue 004 | U.S. Pilot | US
JDZG
JIADE Ltd
Screen state: Passing
Source state: Verified
20-F | 2026-04-10
Filing currency: CNY
Internal NCAV Discount
82.7%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 87,901,364CNY
- Total Liabilities
- 23,218,722CNY
- NCAV
- 9,590,001CNY
- Cash
- 19,773,580CNY
- NCAV per share
- 6.56CNY/share
- Evidence
- 2 annual | 3 quarterly
Mary filing review
Financial Statement Evidence
Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.
- Evaluated
- 12
- Triggered
- 4
- Unavailable
- 3
Requires inspection Negative OCF -93,193
- Latest
- -93,1932025-12-31
- Comparison
- n/a
- Change
- n/a
Basis: latest reporting-period cash from operations < 0
Source periods: SEC 20-F 2025-12-31 · 0001104659-26-041971
Supporting observation NCAV Growing 64,682,642
- Latest
- 64,682,6422025-12-31
- Comparison
- 20,990,7632024-12-31
- Change
- +208.1%
Basis: equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
Source periods: SEC 20-F 2025-12-31 · 0001104659-26-041971; REPORTED_FILING 20-F 2024-12-31
Supporting observation Share Count Reduced 275,685
- Latest
- 275,6852025-12-31
- Comparison
- 24,535,4712024-12-31
- Change
- -98.9%
Basis: 1Y share change <= -2% using the same share-count source
Source periods: SEC 20-F 2025-12-31 · 0001104659-26-041971; REPORTED_FILING 20-F 2024-12-31
Supporting observation Current Ratio > 1.5 4.04
- Latest
- 4.042025-12-31
- Comparison
- 1.5
- Change
- n/a
Basis: current assets / current liabilities; strong if > 1.5
Source periods: SEC 20-F 2025-12-31 · 0001104659-26-041971
3 unavailable checks — inspect missing inputs
High Debt
(short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt
(short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity
ordinary shareholders equity <= 0
Business Profile
Published only when a substantive filing-text profile has been prepared for this issue.
Known Unknowns
Only 3 quarterly periods available from Data Vault for this company.
Medium | Share Count
The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.
Low | Classification
U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
CNY
|
2024-12-31
20-F
CNY
|
|---|---|---|
| Revenue | 25,701,513 | 18,742,196 |
| Operating Income | -12,221,585 | 6,385,127 |
| Net Income | -10,596,793 | 5,603,227 |
| Cash From Operations | -93,193 | -5,050,926 |
| Capex | -4,363,774 | -592,504 |
| Free Cash Flow | -4,456,967 | -5,643,430 |
| Cash And Equivalents | 19,773,580 | 3,918,146 |
| Accounts Receivable | 6,259,004 | 10,564,030 |
| Inventory | n/a | n/a |
| Total Current Assets | 87,901,364 | 31,025,987 |
| Total Assets | 143,950,765 | 81,334,025 |
| Total Current Liabilities | 21,737,881 | 9,763,782 |
| Total Liabilities | 23,218,722 | 10,035,224 |
| Shareholders Equity | 120,581,489 | 71,149,107 |
| Shares Outstanding | n/a | 24,535,471 |
| Shares Outstanding Diluted | n/a | n/a |
| Weighted Avg Shares Diluted | 275,685 | 24,535,471 |
| Weighted Avg Shares Basic | 275,685 | 24,535,471 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence |
Quarterly Financials
Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.
Only 3 quarterly periods available from Data Vault for this company.
| Metric |
2025-06-30
6-K
CNY
|
2024-12-31
6-K
CNY
|
2024-06-30
6-K
CNY
|
|---|---|---|---|
| Revenue | 9,383,590 | 18,742,196 | 8,921,488 |
| Operating Income | -5,006,716 | 6,385,127 | 6,498,778 |
| Net Income | -4,481,440 | 5,603,227 | 5,173,547 |
| Cash From Operations | -5,133,238 | -5,050,926 | 3,756,665 |
| Capex | -30,314 | -592,504 | -2,050 |
| Free Cash Flow | -5,163,552 | -5,643,430 | 3,754,615 |
| Cash And Equivalents | 7,902,053 | 3,918,146 | n/a |
| Total Current Assets | 39,083,054 | 31,025,987 | n/a |
| Total Liabilities | 18,962,163 | 10,035,224 | n/a |
| Shares Outstanding | n/a | 24,535,471 | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 3,066,956 | 24,535,471 | 3,066,956 |
| Weighted Avg Shares Basic | 3,066,956 | 24,535,471 | 3,066,956 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence |
Audit Trail
NCAV Audit
Official-source inputs remain linked to filing provenance. Derived values are labeled as such.
| Input | Value | Source concept | Filing period | Confidence | Provenance |
|---|---|---|---|---|---|
| Current Assets | 39,083,054CNY | us-gaap:AssetsCurrent | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json |
| Total Liabilities | 18,962,163CNY | us-gaap:Liabilities | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json |
| Cash | 7,902,053CNY | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json |
| Shares Outstanding | 3,066,956 | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json |
| NCAV | 20,120,891CNY | derived | 2025-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 6.56CNY | derived | 2025-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 82.7% | derived | 2025-06-30 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- Local evidence | The Data Vault
- CIK
- 0001976908
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001976908/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 3
- Imported At
- 2026-08-15T12:52:18+00:00
- Rendered At
- 2026-08-16T03:29:54+00:00
Run Audit
- Mary Run
- 29510e1968ca4fb386d55ebe1e97a5de
- Mary As Of
- 2026-08-01
- Accession
- 0001104659-26-041971
- CIK
- 0001976908
- Mary Filing Date
- 2026-04-10
- Filing Currency
- CNY
- Internal Discount
- 82.7%
- Source State
- Verified
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=29510e1968ca4fb386d55ebe1e97a5de; mary_as_of=2026-08-01; mary_filing_date=2026-04-10; mary_accession=0001104659-26-041971; mary_cik=0001976908; gnni_supporting_filing_date=2026-04-10; internal_discount=0.82723; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.