Jiade management commentary attributes wider first-half 2026 net loss to share-based compensation, higher operating expenses

• Jiade's management commentary attributed its RMB 50.55 million net loss for the six months ended June 30, 2026, primarily to higher expenses.
• Share-based compensation for Class B ordinary shares totaled RMB 32.96 million, driving general and administrative expenses to RMB 48.85 million.
• Revenue fell 12% to RMB 8.27 million, reflecting fewer adult education students, lower safety training enrollment and pricing pressure.
• Selling expenses rose to RMB 4.47 million, primarily reflecting marketing spending on services and platforms.
• Operating cash outflow widened to RMB 9.07 million from RMB 5.13 million a year earlier.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jiade Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-124209), on November 09, 2026, and is solely responsible for the information contained therein.