Company Analysis

Maase Inc. (MAAS)

Nasdaq: MAAS · Investment Advice · filing with the SEC since 2018
Grade3.0
◀ Past 1.9● Present 4.0▶ Future 2.8
1 est.

The grade of Maase Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.0/10
◀ Past1.930% of the headline
● Present4.040% of the headline
▶ Future2.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.6/10

Has it survived what it has been through?

1 warning event since 2018; the latest 2024-10-31.

weight 22% of this tense · 36th percentile among 48 sector filers · read for itself

From the record

Maase Inc.'s filings since 2018 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-10-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.9/10

What has it actually done, year after year?

+1.3% a year over 9 filed years; profitable in 2 of 9.

weight 45% of this tense · 10th percentile among 42 sector filers · read for its customers

From the record

Maase Inc.'s 9 filed years say what it did: revenue went from CNY 166 million in fiscal 2018 to CNY 183 million in fiscal 2026, up 1.3% a year; it rose in 3 of 8 years; the deepest fall was 81% from fiscal 2024 to fiscal 2026; net income was positive in 2 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.3%bottom 20% of its family
  • the share of years revenue rosebottom 4% of its family
  • the share of filed years with a profitbottom 6% of its family
  • the deepest fall from a revenue peak81.0%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.1/10

How has it treated the people who own it?

Share count grew 564.4% a year. 39% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 21st percentile among 36 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-06-30, Maase Inc.'s diluted share count grew about 564.4% a year, and dividends and buybacks returned about 39% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 4% of its family
  • cash returned against operating cash flowbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
2.8/10

Is it financially healthy right now?

ROE -4%: lost 4¢ per shareholder dollar. Leverage 6%: owes 6¢ per asset dollar.

weight 22% of this tense · 28th percentile among 44 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-06-30, Maase Inc. lost about 4 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 6 cents per dollar of assets, and net share issuance: its share count grew 3778.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 6% of its family
  • return on equitybottom 6% of its family
  • gross profit against assetsbottom 8% of its family
  • the share count against the year beforebottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 43 in its family; net margin -102.1%.

weight 45% of this tense · 42nd percentile among 43 sector filers · read for its customers

From the record

Maase Inc.'s standing among 43 graded names in its industry family: revenue of CNY 183 million in fiscal 2026 is not ranked by size, since the family reports in another currency; a net margin of -102.1% ranks in the bottom 6%; revenue growth of 17% a year over the last 3 filed years ranks in the top 23% (its annual reports).

What it rests on

  • net margin-102.1%bottom 6% of its family
  • three-year revenue growth17.0%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 37 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 37 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 37 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Maase Inc.'s leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 37 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

2.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
1.8/10

How much room does it have to grow?

bottom 18% of 42 in its family for room to expand.

weight 33% of this tense · 18th percentile among 42 sector filers · read for itself

From the record

Maase Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of CNY 44 million against debt of CNY 4 million leaves 0.8% of its assets as net cash, bottom 32% of its family; cash from operations less capital spending is -58.2% of revenue (bottom 6%); a gross margin of 13.7% (bottom 8%); research spending of 2.5% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets0.8%bottom 32% of its family
  • cash from operations less capital spending against revenue-58.2%bottom 6% of its family
  • gross margin13.7%bottom 8% of its family
  • research spending against revenue2.5%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 41 in its family for growth drivers.

weight 33% of this tense · 58th percentile among 41 sector filers · read for its customers

From the record

Maase Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 17% a year over the last three filed years against 1.3% over all 9, speeding up (top 4% of its family); the newest year grew -76.6% (bottom 4%); capital spending grew 55.1% a year (top 25%) (its annual reports). Maase Inc. reported 3 product lines in fiscal 2025: Life Insurance Business at CNY 625 million (80%), Nonlife Insurance Business at CNY 102 million (13%), Wealth Management and Others at CNY 54 million (7%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+15.7 points a yeartop 4% of its family
  • the newest year's revenue growth-76.6%bottom 4% of its family
  • three-year growth of capital spending55.1%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.7/10

Did its newest year beat what its own record pointed to?

bottom 7% of 41 in its family for expectations against reality.

weight 33% of this tense · 7th percentile among 41 sector filers · read for its shareholders

From the record

Maase Inc.'s newest year against its own record: revenue of CNY 183 million in fiscal 2026 came in 91% below the CNY 2.0 billion its prior three years' pace pointed to (bottom 1% of its family); net income of CNY 187 million against a prior three-year average of CNY 176 million (bottom 18%); a net margin of a loss larger than its revenue against -31.1% before (bottom 1%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-91.0%bottom 1% of its family
  • net income against the prior three years' average-6%bottom 18% of its family
  • net margin against its prior average-71.0 pointsbottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MAAS · research, not advice