Lucide Ledger

A filing-first public record from Lucide House.

Issue 000 | U.S. Pilot | US

DOYU

DouYu International Holdings Ltd

Screen state: Passing Source state: Verified 20-F | 2026-04-17 Filing currency: CNY
Open Filing Back to Register Report a correction
Internal NCAV Discount 34.5%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
2,631,902,886CNY
Total Liabilities
1,132,579,100CNY
NCAV
220,677,018CNY
Cash
1,759,126,853CNY
NCAV per share
49.68CNY/share
Evidence
7 annual | 0 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001104659-26-044566 2026-04-17 20-F Verified Data Vault | sec/cleaned/cik=0001762417/accession=0001104659-26-044566/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 0 quarterly periods available from Data Vault for this company.

quarterly periods are missing

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
20-F
CNY
2024-12-31
20-F
CNY
2023-12-31
20-F
CNY
2022-12-31
20-F
CNY
2021-12-31
20-F
CNY
2020-12-31
20-F
CNY
2019-12-31
20-F
CNY
Revenue 3,818,851,679 4,270,825,456 5,530,404,557 7,108,238,352 9,165,330,760 9,601,873,937 7,283,230,253
Operating Income 4,756,301 -573,586,954 -164,036,961 -198,879,725 -648,661,225 262,061,840 -131,669,848
Net Income -29,081,925 -306,810,286 35,517,634 -75,422,408 -581,883,146 485,498,597 39,753,232
Cash From Operations -52,254,816 -238,851,936 -47,687,219 -67,833,405 -586,257,769 667,648,867 813,176,020
Capex -290,883 -709,859 -5,156,302 -5,895,746 -6,873,896 -18,897,736 -16,045,562
Free Cash Flow -52,545,699 -239,561,795 -52,843,521 -73,729,151 -593,131,665 648,751,131 797,130,458
Cash And Equivalents 1,759,126,853 1,017,148,142 4,440,131,180 4,041,602,800 4,456,405,874 5,279,902,398 8,091,990,270
Accounts Receivable 77,583,990 49,056,771 73,453,237 109,180,373 191,388,528 199,744,129 188,099,873
Inventory n/a n/a n/a n/a n/a n/a n/a
Total Current Assets 2,631,902,886 4,469,076,045 6,685,426,757 7,077,183,579 7,229,094,839 8,033,757,092 8,601,650,417
Total Assets 3,119,951,030 5,446,333,214 8,072,102,829 8,145,366,409 8,156,902,381 8,907,957,330 9,103,670,339
Total Current Liabilities 1,131,272,677 1,232,021,264 1,376,069,149 1,558,664,148 1,848,991,192 1,882,843,827 1,794,236,117
Total Liabilities 1,132,579,100 1,236,243,988 1,382,769,843 1,584,806,262 1,898,314,269 1,930,574,343 1,840,306,465
Shareholders Equity 1,987,371,930 4,210,089,226 6,689,332,986 6,560,559,182 6,258,587,124 6,939,016,248 7,241,909,004
Shares Outstanding 30,178,859 30,178,859 31,977,665 31,977,665 32,327,391 32,267,847 32,751,819
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 30,178,859 30,832,271 31,977,665 31,971,245 32,544,878 33,012,682 31,442,931
Weighted Avg Shares Basic 30,178,859 30,832,271 31,977,665 31,971,245 32,544,878 31,963,526 19,254,661
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 0 quarterly periods available from Data Vault for this company.

Metric
Revenue
Operating Income
Net Income
Cash From Operations
Capex
Free Cash Flow
Cash And Equivalents
Total Current Assets
Total Liabilities
Shares Outstanding
Shares Outstanding Diluted
Weighted Avg Shares Diluted
Weighted Avg Shares Basic
Net Share Count Change (Normalized)
Ownership Claim Change (Normalized)
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 2,631,902,886CNY us-gaap:AssetsCurrent 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Total Liabilities 1,132,579,100CNY us-gaap:Liabilities 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Cash 1,759,126,853CNY us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Shares Outstanding 30,178,859 dei:EntityCommonStockSharesOutstanding 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
NCAV 1,499,323,786CNY derived 2025-12-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 49.68CNY derived 2025-12-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 34.5% derived 2025-12-31 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001762417
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001762417/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
7
Imported At
2026-08-15T12:51:52+00:00
Rendered At
2026-08-16T03:29:34+00:00

Run Audit

Mary Run
1ec055d81d1a42a39490a83bb9e1f22f
Mary As Of
2026-07-03
Accession
0001104659-26-044566
CIK
0001762417
Mary Filing Date
2026-04-17
Filing Currency
CNY
Internal Discount
34.5%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=1ec055d81d1a42a39490a83bb9e1f22f; mary_as_of=2026-07-03; mary_filing_date=2026-04-17; mary_accession=0001104659-26-044566; mary_cik=0001762417; gnni_supporting_filing_date=2026-04-17; internal_discount=0.34494; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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