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MAAS Financials Maase Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 43.3% per year over the past 5 years.
  • Operating margin has contracted, at -88.5% in the latest year.
Revenue & net income
-CN¥290M CN¥337M CN¥963M CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-88% -2% 85% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-31% 1% 33% 0% 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥91M CN¥1M CN¥94M CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥189M CN¥378M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥327M -CN¥46M CN¥234M CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥781M -CN¥196M 0.0% -88.5% -30.8% -5.8% CN¥66M — CN¥82M
2024 CN¥963M -CN¥290M 0.0% -48.1% -22.5% -6.8% CN¥53M — CN¥220M
2023 CN¥114M -CN¥44M 82.3% -51.4% -20.1% -16.5% -CN¥26M — CN¥164M
2022 CN¥189M -CN¥61M 82.1% -39.3% -23.3% -13.1% -CN¥61M — CN¥194M
2021 CN¥191M -CN¥46M 77.0% -38.3% -14.5% -9.9% -CN¥11M — CN¥261M
2020 CN¥129M -CN¥33M 75.5% -41.3% -8.9% -7.6% -CN¥91M — CN¥286M
2019 CN¥203M CN¥54M 84.7% 27.6% 13.4% 11.2% CN¥94M — CN¥378M
2018 CN¥166M CN¥65M 82.6% 37.9% 33.4% 28.6% CN¥44M — CN¥103M

Frequently asked questions

Is MAAS growing its revenue and profit?

Over the past 5 years, Maase Inc.'s revenue has grown 43.3% per year. These are computed facts, not advice.

How much debt does MAAS have?

As of FY2025, Maase Inc. reported — of total debt against CN¥82M of cash.

What is MAAS's profit margin?

In FY2025, gross margin was —, operating margin -88.5%, and net margin -25.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.