Lucide Ledger

A filing-first public record from Lucide House.

Issue 001 | U.S. Pilot | US

INTJ

Intelligent Group Ltd

Screen state: Needs Review Source state: Needs Review 20-F | 2026-04-21 Filing currency: HKD
Open Filing Back to Register Report a correction
Internal NCAV Discount 68.9%

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

Current Assets
93,757,282HKD
Total Liabilities
5,109,662HKD
NCAV
11,313,155HKD
Cash
67,468,223HKD
NCAV per share
41.67HKD/share
Evidence
3 annual | 3 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

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Share Count & Per-Share Comparability

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

Known Unknowns

Only 3 quarterly periods available from Data Vault for this company.

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.

High | Filing

Some rows do not have a verified direct filing URL in the local official filing cache.

Annual Financials

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

Metric
2025-11-30
20-F
HKD
2024-11-30
20-F
HKD
2023-11-30
20-F
HKD
Revenue 18,481,149 20,286,590 20,539,218
Operating Income -19,996,053 -2,526,233 4,133,736
Net Income -18,175,575 -425,709 4,068,979
Cash From Operations -178,028 -1,247,966 2,728,981
Capex -840,016 n/a -31,378
Free Cash Flow -1,018,044 n/a 2,697,603
Cash And Equivalents 67,468,223 63,535,847 25,296,811
Accounts Receivable 2,370,437 2,358,162 5,420,540
Inventory n/a n/a n/a
Total Current Assets 93,757,282 69,688,174 30,797,351
Total Assets 95,391,163 71,729,306 34,179,862
Total Current Liabilities 3,437,140 5,111,223 14,249,067
Total Liabilities 5,109,662 7,124,051 17,036,521
Shareholders Equity 90,281,501 64,605,255 17,143,341
Shares Outstanding n/a n/a 11,250,000
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 1,023,438 12,565,068 11,250,000
Weighted Avg Shares Basic 1,023,438 12,565,068 11,250,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

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

Only 3 quarterly periods available from Data Vault for this company.

Metric
2025-05-31
6-K
HKD
2024-11-30
6-K
HKD
2024-05-31
6-K
HKD
Revenue 8,202,158 20,286,590 10,353,668
Operating Income -963,597 -2,526,233 666,603
Net Income 36,606 -425,709 1,231,158
Cash From Operations -95,540 -1,247,966 -1,562,652
Capex n/a n/a n/a
Free Cash Flow n/a n/a n/a
Cash And Equivalents 65,883,876 63,535,847 n/a
Total Current Assets 71,001,894 69,688,174 n/a
Total Liabilities 8,497,197 7,124,051 n/a
Shares Outstanding 1,500,000 n/a n/a
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 12,565,068 12,565,068 12,377,049
Weighted Avg Shares Basic 12,565,068 12,565,068 12,377,049
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
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 71,001,894HKD us-gaap:AssetsCurrent 2025-05-31 1.00 Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Total Liabilities 8,497,197HKD us-gaap:Liabilities 2025-05-31 1.00 Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Cash 65,883,876HKD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-05-31 1.00 Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Shares Outstanding 1,500,000 us-gaap:CommonStockSharesOutstanding 2025-05-31 1.00 Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
NCAV 62,504,697HKD derived 2025-05-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 41.67HKD derived 2025-05-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 68.9% derived 2025-05-31 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
0001916416
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001916416/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
4
Imported At
2026-08-15T12:52:14+00:00
Rendered At
2026-08-16T03:29:38+00:00

Run Audit

Mary Run
7597e71d9e0c42a48d3fa1ce89682485
Mary As Of
2026-07-11
Accession
0001213900-26-045886
CIK
0001916416
Mary Filing Date
2026-04-21
Filing Currency
HKD
Internal Discount
68.9%
Source State
Needs Review
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=7597e71d9e0c42a48d3fa1ce89682485; mary_as_of=2026-07-11; mary_filing_date=2026-04-21; mary_accession=0001213900-26-045886; mary_cik=0001916416; gnni_supporting_filing_date=2026-03-31; internal_discount=0.688802; 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.; source requires review

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