MARKETS / NASDAQ / MAAS
NASDAQ · INVESTMENT ADVICE · SMALL CAP

Maase Inc. MAAS

8 fiscal years on record · CNY · FY2024 reported
SEC FILINGS ONLY
Revenue · FY2024
¥781.2M
▼ 18.9% vs FY2023
EPS · FY24
¥-25.86
Dividend / sh · FY24
Payout · FY24
ROE · FY24
-20.4%
Net margin · FY24
-25.1%
Dividend coverage
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Result
CNY 781.2M
Revenue, FY2024 · full 8-year series below
Revenue Net income
0.250.50.7510.8-0.22017202020232024
0.250.50.7510.8-0.22017202020232024

The company lost 25 cents on every revenue dollar this year.

Per share
CNY -25.86
Diluted EPS, FY2024
EPS
0.40.81.2-25.862017202020232024
0.40.81.2-25.862017202020232024

The company pays no cash dividend.

Profitability
-20.4%
Return on equity, FY2024
ROE
10203040-20.4%2017202020232024
10203040-20.4%2017202020232024
Operating margin-88.5%
Net margin-25.1%
Return on assets-5.1%

Each CNY of equity lost 20 cents this year.

Returned to shareholders
returned in FY2024 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+43.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+60.6%
+43.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2024
0.080.372017202020232024
0.080.372017202020232024
Change, 5 years+13.1%
Change, 10 years

The share count grew 13% in five years — the same company, cut into more, smaller slices.

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Balance sheet
CNY 3.4B
total assets, end of FY2024
Total assetsCNY 3.4B
EquityCNY 636.1M
CashCNY 82.1M
Gross debtCNY 82.0M
Net debtCNY -54,000.00
Current ratio3.84×

The company holds more cash than debt.

History
8 fiscal years
Every figure from documents filed with the SEC · CNY
Metric
2024
2023
2022
2021
2020
2019
2018
2017
Revenue ¥B
0.8
1.0
0.1
0.2
0.0
0.1
0.2
0.2
Operating income ¥B
−0.7
−0.5
−0.1
−0.1
−0.1
−0.1
0.1
0.1
EBITDA ¥B
−0.7
−0.5
−0.1
−0.1
−0.1
−0.1
0.1
0.1
Income tax ¥B
−0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
0.0
Net income ¥B
−0.2
−0.3
−0.0
−0.1
−0.0
−0.0
0.1
0.1
EPS, diluted ¥
−25.86
−113.55
−1.01
−0.67
−0.51
−0.36
0.63
0.81
Dividend / sh ¥
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
ROE %
−20.4
−38.6
−18.3
−20.9
−13.5
−8.6
17.5
36.7
Shares out B
·
0.37
0.09
0.09
0.09
0.09
0.09
0.08

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
24 of 24
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed