TDH
Commercial office leasing and management through Jingshi Commercial in Beijing.
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Profile
Generates rental and management income by leasing Beijing office space and subleasing it through Jingshi Commercial's smart-office, co-working, and property-management offerings. The small platform also owns a vacant Missouri property and depends on tenant occupancy, lease spreads, and PRC subsidiary cash distributions.
Operates a commercial-real-estate leasing and management platform centered on Jingshi Commercial, offering Smart Office, Property Management, Co-working, Industrial Park, and customized office formats. Subsidiaries lease office space, make improvements, and sublease it to tenants, generating rental and management income. The footprint is concentrated in Beijing, alongside a vacant owned property in Independence, Missouri.
Works through a net-lease approach in which tenants generally pay rent and specified operating costs, while office services emphasize furnished, technology-equipped space. Results depend on maintaining occupancy, tenant payments and renewals, and spreads between head leases and subleases. As a BVI holding company with PRC subsidiaries, cash movement and continuing Nasdaq access remain subject to subsidiary distributions, PRC regulation, and listing compliance.
Company facts
Categories
Key statistics
Analysts
No analyst consensus on record.
Earnings
EPSReportedEstimate
RevenueReportedEstimate
Financials
Balance sheet, Dec 31, 2025Cash & short-term investments $33.7M · Total debt $4.1M · Total assets $40.3M · Shareholders' equity $30.6M
- Revenue
- $665.6K
- Operating income
- −$1.3M
- Net income
- $420.3K
Dividends
No dividends on record.
Ownership
| Insiders1 holder · as of Aug 31, 2026 | 49.11% | 5.07M ADS | |
| Otherremainder | 50.89% | 5.25M ADS |
10.32M ADS as of Aug 21, 2026 · holders as of their latest filing
The share count is from the company's Mar 2023 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Dandan LiuInsiderdirector, 10 percent owner, officer: CEO and Chair | 49.11% | 5.07M ordinary | Form 4filed Aug 31, 2026 ↗ |
Xu LuoInsiderdirector | 0.00% | 0 | Form 4filed Apr 9, 2026 ↗ |
Feng (Frank) ZhangInsiderdirector, officer: CFO and Director | 0.00% | 0 | Form 4filed Mar 18, 2026 ↗ |
Caifen ZouInsiderdirector | 0.00% | 0 | Form 4filed Mar 19, 2026 ↗ |
Zou VenturesStrategic | —9.83% of class, as filed | — | 13Dfiled Apr 19, 2021 ↗ |
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Dandan Liu | director, 10 percent owner, officer: CEO and Chair | +2,969,692 | $1.20 |
Peers
- Ucommune International
Flexible office memberships and bespoke offices target the same SMEs.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TDH | $1.43 | +21.19% | $11.9M | 6.6 | — | 9.5 | +44.6% |
| Ucommune International | $2.04 | +3.55% | $406.1K | — | — | 0.1 | — |
| Median | — | — | 0.1 | — |