RDACU
RDACU
Rising Dragon Acquisition Corp.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $0 ▼ | $452.32K ▲ | 0% | $-0.02 ▼ | $452.32K ▲ |
| Q2-2025 | $0 | $209.47K ▲ | $398.98K ▼ | 0% | $0.05 ▼ | $-209.47K ▼ |
| Q1-2025 | $0 | $143.29K ▼ | $453.87K ▲ | 0% | $0.06 ▼ | $-143K ▲ |
| Q4-2024 | $0 | $235.28K ▲ | $307.76K ▲ | 0% | $0.13 ▲ | $-235K ▼ |
| Q3-2024 | $0 | $11.39K | $-11.39K | 0% | $-0.01 | $-11.39K |
What's going well?
The company is earning steady interest income, which covers its costs and results in a profit. There are no debt or tax burdens, and no unusual charges distorting results.
What's concerning?
There is no revenue or operating business, so profits depend entirely on interest income. The lack of core business activity is a major red flag for long-term growth or sustainability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $5.62K ▼ | $60.16M ▲ | $1.96M ▲ | $-1.96M ▼ |
| Q2-2025 | $83.41K ▼ | $59.64M ▲ | $1.89M ▲ | $57.75M ▲ |
| Q1-2025 | $270.26K ▼ | $59.24M ▲ | $1.89M ▼ | $57.35M ▲ |
| Q4-2024 | $392.68K ▲ | $58.79M ▲ | $60.22M ▲ | $-1.44M ▼ |
| Q3-2024 | $100 | $157.19K | $182.44K | $-25.25K |
What's financially strong about this company?
The company has no debt, so there is no risk of default from loans. There are also no hidden or unusual liabilities.
What are the financial risks or weaknesses?
Cash has almost run out, current liabilities far exceed liquid assets, and shareholder equity is now negative. The company is at risk of running out of money and may need emergency funding.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $452.32K ▲ | $-144.79K ▲ | $0 | $67K ▲ | $-77.79K ▲ | $-144.79K ▲ |
| Q2-2025 | $398.98K ▼ | $-186.85K ▼ | $0 | $0 ▼ | $-186.85K ▼ | $-186.85K ▼ |
| Q1-2025 | $453.87K ▲ | $-125.29K ▲ | $0 ▲ | $2.87K ▼ | $-122.42K ▼ | $-125.29K ▲ |
| Q4-2024 | $307.76K ▲ | $-275.78K ▼ | $-69.34K ▼ | $70.16K ▲ | $392.58K ▲ | $-275.78K ▼ |
| Q3-2024 | $-11.39K | $-21.39K | $0 | $21.39K | $0 | $-21.39K |
What's strong about this company's cash flow?
Cash burn is shrinking quarter over quarter, and there are no signs of shareholder dilution or debt buildup yet.
What are the cash flow concerns?
The company is burning cash every quarter, with almost no cash left and no internal cash generation. It is now relying on outside funding just to keep going.
5-Year Trend Analysis
A comprehensive look at Rising Dragon Acquisition Corp.'s financial evolution and strategic trajectory over the past five years.
RDACU’s main strengths today are its clean, cash-rich, debt-free balance sheet and its role as a financing gateway for a private operating company. It has no legacy operations or complex liabilities, which simplifies the path to a business combination. On the target side, HZJL brings a focused mission to empower local lifestyle businesses through an integrated service offering, which, if successful, could create strong client relationships and recurring engagement.
The most important risks stem from the absence of an established operating business within RDACU itself and the heavy reliance on successfully closing and integrating the proposed merger. Current profitability is not based on real operations, and cash flows are negative from an operating standpoint. For the combined entity, key risks include competitive intensity in marketing, software, and supply chain services, the financial fragility of small local businesses, execution challenges in scaling an ecosystem model, and uncertainty around the true defensibility of its technology and processes.
Near-term, RDACU’s outlook is tied almost entirely to whether the HZJL transaction is completed by the extended deadline and on what terms. If the merger closes, the narrative shifts from a passive SPAC to an active, growth-oriented technology and services provider targeting small businesses, with outcomes driven by customer adoption, product effectiveness, and competitive dynamics. Until then, the financials mainly reflect a temporary holding structure, and any forward view carries significant uncertainty because it hinges on both deal completion and the subsequent operational performance of the acquired business.
About Rising Dragon Acquisition Corp.
Rising Dragon Acquisition Corp. is a blank check company incorporated in the Cayman Islands on March 8, 2024. Its purpose is to enter into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company does not limit its search to a particular industry or geographic region.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $0 ▼ | $452.32K ▲ | 0% | $-0.02 ▼ | $452.32K ▲ |
| Q2-2025 | $0 | $209.47K ▲ | $398.98K ▼ | 0% | $0.05 ▼ | $-209.47K ▼ |
| Q1-2025 | $0 | $143.29K ▼ | $453.87K ▲ | 0% | $0.06 ▼ | $-143K ▲ |
| Q4-2024 | $0 | $235.28K ▲ | $307.76K ▲ | 0% | $0.13 ▲ | $-235K ▼ |
| Q3-2024 | $0 | $11.39K | $-11.39K | 0% | $-0.01 | $-11.39K |
What's going well?
The company is earning steady interest income, which covers its costs and results in a profit. There are no debt or tax burdens, and no unusual charges distorting results.
What's concerning?
There is no revenue or operating business, so profits depend entirely on interest income. The lack of core business activity is a major red flag for long-term growth or sustainability.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $5.62K ▼ | $60.16M ▲ | $1.96M ▲ | $-1.96M ▼ |
| Q2-2025 | $83.41K ▼ | $59.64M ▲ | $1.89M ▲ | $57.75M ▲ |
| Q1-2025 | $270.26K ▼ | $59.24M ▲ | $1.89M ▼ | $57.35M ▲ |
| Q4-2024 | $392.68K ▲ | $58.79M ▲ | $60.22M ▲ | $-1.44M ▼ |
| Q3-2024 | $100 | $157.19K | $182.44K | $-25.25K |
What's financially strong about this company?
The company has no debt, so there is no risk of default from loans. There are also no hidden or unusual liabilities.
What are the financial risks or weaknesses?
Cash has almost run out, current liabilities far exceed liquid assets, and shareholder equity is now negative. The company is at risk of running out of money and may need emergency funding.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $452.32K ▲ | $-144.79K ▲ | $0 | $67K ▲ | $-77.79K ▲ | $-144.79K ▲ |
| Q2-2025 | $398.98K ▼ | $-186.85K ▼ | $0 | $0 ▼ | $-186.85K ▼ | $-186.85K ▼ |
| Q1-2025 | $453.87K ▲ | $-125.29K ▲ | $0 ▲ | $2.87K ▼ | $-122.42K ▼ | $-125.29K ▲ |
| Q4-2024 | $307.76K ▲ | $-275.78K ▼ | $-69.34K ▼ | $70.16K ▲ | $392.58K ▲ | $-275.78K ▼ |
| Q3-2024 | $-11.39K | $-21.39K | $0 | $21.39K | $0 | $-21.39K |
What's strong about this company's cash flow?
Cash burn is shrinking quarter over quarter, and there are no signs of shareholder dilution or debt buildup yet.
What are the cash flow concerns?
The company is burning cash every quarter, with almost no cash left and no internal cash generation. It is now relying on outside funding just to keep going.
5-Year Trend Analysis
A comprehensive look at Rising Dragon Acquisition Corp.'s financial evolution and strategic trajectory over the past five years.
RDACU’s main strengths today are its clean, cash-rich, debt-free balance sheet and its role as a financing gateway for a private operating company. It has no legacy operations or complex liabilities, which simplifies the path to a business combination. On the target side, HZJL brings a focused mission to empower local lifestyle businesses through an integrated service offering, which, if successful, could create strong client relationships and recurring engagement.
The most important risks stem from the absence of an established operating business within RDACU itself and the heavy reliance on successfully closing and integrating the proposed merger. Current profitability is not based on real operations, and cash flows are negative from an operating standpoint. For the combined entity, key risks include competitive intensity in marketing, software, and supply chain services, the financial fragility of small local businesses, execution challenges in scaling an ecosystem model, and uncertainty around the true defensibility of its technology and processes.
Near-term, RDACU’s outlook is tied almost entirely to whether the HZJL transaction is completed by the extended deadline and on what terms. If the merger closes, the narrative shifts from a passive SPAC to an active, growth-oriented technology and services provider targeting small businesses, with outcomes driven by customer adoption, product effectiveness, and competitive dynamics. Until then, the financials mainly reflect a temporary holding structure, and any forward view carries significant uncertainty because it hinges on both deal completion and the subsequent operational performance of the acquired business.

CEO
Lulu Xing

