GD Culture Group Ltd GDC
JM Global Holding Company, TMSR Holding Company Limited, and Code Chain New Continent Limited) is a Nevada company that conducts its
operations primarily in the United States, both directly and indirectly through its subsidiary, AI Catalysis Corp., a Nevada
corporation. The Company also maintains a subsidiary, Shanghai Xianzhui Technology Co., Ltd. in China. This subsidiary previously
engaged in marketing-related services but does not currently conduct business operations and has no material operating activities.
Last close
1.08
2026-10-23
Market cap
$4.5M
2026-06-30 share count
52-week range
1.08 - 2,044.97
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-6.16
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $153.3K | $25.0M | $591.5K | $19.6M | $346.2K | $20.1M | — |
| Cost of revenue | — | — | — | $97.8K | $16.8M | $21.0K | $19.0M | $1.1M | $19.2M | — |
| Gross profit | — | — | — | $55.5K | $8.2M | $570.4K | $562.2K | $333.9K | $19.5M | — |
| R&D | $2.3M | $797.5K | $2.1M | — | — | $0 | $351.8K | $261.0K | $18.1K | — |
| SG&A | $5.1M | $5.1M | $5.2M | $414.2K | $19.5M | — | $1.2M | $747.8K | $1.8M | — |
| Total operating expenses | $8.5M | $14.2M | $12.0M | $414.2K | $19.5M | $1.1M | $851.6K | $747.8K | $12.1M | $627.6K |
| Operating income | -$8.5M | -$14.2M | -$12.0M | -$414.2K | -$19.5M | -$496.8K | -$289.4K | -$413.9K | $7.4M | -$627.6K |
| Interest expense | — | — | $81 | — | $96 | $18.2K | $23.3K | $17.0K | $173.3K | $86.0K |
| Pre-tax income | -$186.9M | -$14.2M | -$11.9M | -$414.2K | -$19.5M | -$4.4M | -$285.5K | -$400.8K | $6.2M | — |
| Income tax | $55.0K | $32.1K | $327.8K | $1.1K | $1.3M | $60.5K | $128.8K | $4.3K | $2.0M | — |
| Net income | -$186.9M | -$13.8M | -$12.5M | -$30.8M | -$27.0M | $2.5M | -$16.8M | $1.4M | $4.2M | -$541.6K |
| EPS, basic | -6.16 | -1.45 | -3.88 | -20.13 | -20.36 | 0.09 | 0.00 | 0.01 | 0.11 | — |
| EPS, diluted | -6.16 | -1.45 | -3.88 | -20.13 | -20.36 | -0.17 | -0.02 | -0.02 | 0.24 | -0.21 |
| Shares, diluted (wtd. avg.) | 30.3M | 9.6M | 3.2M | 1.5M | 1.3M | 0 | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $456.0K | $22.5K | $5.2M | $389.1K | $14.6M | $998.7K | $2.5M | $726.7K | $461.9K | $150.3K |
| Short-term investments | — | — | — | — | — | $3.3M | — | — | — | — |
| Receivables | — | — | $2.6M | $194.5K | — | $1.1M | $2.2M | $3.1M | $14.5M | — |
| Inventory | — | — | — | — | $3.7K | $1.0M | $1.2M | $1.4M | $9.2M | — |
| Total current assets | $829.4K | $31.7K | $9.1M | $1.6M | $15.9M | $12.0M | $11.6M | $9.7M | $44.1M | $165.9K |
| Property, plant and equipment | $3.5K | $7.8K | $12.5K | $502 | $283.9K | $82.8K | $19.1K | $27.7K | $2.2M | — |
| Goodwill | — | — | — | $2.2M | $6.6M | $11.7M | $7.3M | $7.4M | — | — |
| Other intangibles | $5.1M | $1.1M | $3.3M | — | $255 | $1.2M | — | $2.8M | $1.2M | — |
| Total assets | $670.2M | $2.7M | $14.2M | $3.8M | $50.5M | $25.1M | $22.4M | $32.9M | $48.6M | $50.3M |
| Accounts payable | — | — | — | $127.5K | $3.5M | $1.1M | $344.1K | $821.3K | $221.7K | $19.9K |
| Short-term debt | — | — | — | — | — | $475.1K | — | $508.8K | $2.3M | — |
| Total current liabilities | $1.2M | $1.5M | $403.2K | $333.8K | $18.4M | $3.2M | $16.2M | $13.3M | $21.3M | $243.1K |
| Total liabilities | $2.0M | $2.7M | $2.0M | $333.8K | $18.5M | $3.2M | $16.5M | $13.5M | $21.3M | — |
| Retained earnings | -$270.1M | -$83.2M | -$69.4M | -$56.8M | -$26.0M | $951.8K | -$1.6M | $15.3M | $13.8M | -$775.8K |
| Total equity | $667.9M | -$281.7K | $12.2M | $3.5M | $32.1M | $21.9M | $6.0M | $19.4M | $27.2M | $10.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.8M | -$5.7M | -$13.2M | -$886.2K | -$5.5M | -$2.1K | $759.5K | -$2.0M | -$426.4K | -$386.8K |
| Depreciation and amortisation | $4.3K | $4.7K | $1.7K | $718 | $59.1K | $19.9K | $8.3K | $1.6K | $184.3K | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | $15.5K |
| Capital expenditure | — | — | $14.2K | — | $308.8K | $72.8K | — | $3.5K | $1.9K | — |
| Investing cash flow | — | -$650.0K | -$5.2M | -$12.5M | -$1.3M | -$4.5M | — | $2.4M | $21.6K | -$86.0K |
| Financing cash flow | $7.3M | $1.2M | $23.1M | — | $22.8M | $3.1M | $2.5M | -$52.2K | $347.5K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-035630.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $20.1M | $346.2K | $19.6M | $591.5K | $25.0M | $153.3K | — | — | — |
| Gross profit | — | $19.5M | $333.9K | $562.2K | $570.4K | $8.2M | $55.5K | — | — | — |
| Net income | -$541.6K | $4.2M | $1.4M | -$16.8M | $2.5M | -$27.0M | -$30.8M | -$12.5M | -$13.8M | -$186.9M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.