Lucide Ledger

A filing-first public record from Lucide House.

Issue 001 | U.S. Pilot | US

LGCL

Lucas GC Ltd

Screen state: Passing Source state: Verified 20-F | 2026-04-20 Filing currency: CNY
Open Filing Back to Register Report a correction
Internal NCAV Discount 70.7%

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

Current Assets
225,251,000CNY
Total Liabilities
139,734,000CNY
NCAV
12,590,657CNY
Cash
30,305,000CNY
NCAV per share
30.65CNY/share
Evidence
3 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

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 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
Revenue 1,042,274,000 1,063,409,000 1,473,958,000
Operating Income 19,682,000 28,011,000 67,716,000
Net Income 9,782,000 39,789,000 77,668,000
Cash From Operations 35,461,000 20,186,000 -36,408,000
Capex -83,236,000 -44,653,000 -12,101,000
Free Cash Flow -47,775,000 -24,467,000 -48,509,000
Cash And Equivalents 30,305,000 30,380,000 30,123,000
Accounts Receivable 30,730,000 61,059,000 28,144,000
Inventory n/a n/a n/a
Total Current Assets 225,251,000 263,427,000 231,336,000
Total Assets 453,837,000 403,252,000 291,822,000
Total Current Liabilities 139,734,000 137,575,000 95,230,000
Total Liabilities 139,734,000 137,674,000 95,230,000
Shareholders Equity 311,285,000 262,833,000 194,143,000
Shares Outstanding 2,790,404 79,467,057 78,063,300
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 2,409,466 79,289,136 78,063,300
Weighted Avg Shares Basic 2,409,466 79,289,136 78,063,300
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 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 225,251,000CNY us-gaap:AssetsCurrent 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Total Liabilities 139,734,000CNY us-gaap:Liabilities 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Cash 30,305,000CNY us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Shares Outstanding 2,790,404 dei:EntityCommonStockSharesOutstanding 2025-12-31 1.00 Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
NCAV 85,517,000CNY derived 2025-12-31 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 30.65CNY derived 2025-12-31 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 70.7% 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
0001954694
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001954694/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
3
Imported At
2026-08-15T12:52:22+00:00
Rendered At
2026-08-16T03:29:38+00:00

Run Audit

Mary Run
7597e71d9e0c42a48d3fa1ce89682485
Mary As Of
2026-07-11
Accession
0001493152-26-018091
CIK
0001954694
Mary Filing Date
2026-04-20
Filing Currency
CNY
Internal Discount
70.7%
Source State
Verified
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=2026-04-20; mary_accession=0001493152-26-018091; mary_cik=0001954694; gnni_supporting_filing_date=2026-04-20; internal_discount=0.707455; 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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