Lucide Ledger

A filing-first public record from Lucide House.

Issue 001 | U.S. Pilot | US

TIRXF

TIAN RUIXIANG HOLDINGS LTD

Screen state: Needs Review Source state: Stale Filing 20-F | 2025-01-31 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 99.9%

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

Current Assets
39,921,393USD
Total Liabilities
6,089,064USD
NCAV
33,832,329USD
Cash
297,288USD
NCAV per share
3.34USD/share
Evidence
5 annual | 9 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 9 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.

Medium | Filing

Some rows are based on older filing data and require manual freshness review.

Annual Financials

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

Metric
2024-10-31
20-F
USD
2023-10-31
20-F
USD
2022-10-31
20-F
USD
2021-10-31
20-F
USD
2020-10-31
20-F
USD
Revenue 3,219,336 1,244,247 1,351,909 2,790,617 3,249,344
Operating Income -4,645,247 -3,016,326 -5,068,914 -2,253,804 560,142
Net Income -3,986,925 -2,453,977 -4,684,157 -1,944,549 634,103
Cash From Operations 897,894 994,304 -198,760 -1,363,938 -48,169
Capex 0 0 -2,346 -3,411 -3,457
Free Cash Flow 897,894 994,304 -201,106 -1,367,349 -51,626
Cash And Equivalents 297,288 2,383 2,508 30,024,372 6,137,689
Accounts Receivable 1,411,786 18,960 51,202 320,848 1,247,059
Inventory n/a n/a n/a n/a n/a
Total Current Assets 39,921,393 27,618,624 34,858,624 31,630,139 9,560,597
Total Assets 39,979,194 35,479,774 35,030,828 40,350,466 10,060,473
Total Current Liabilities 5,918,706 3,062,868 1,494,088 1,117,716 1,288,651
Total Liabilities 6,089,064 3,062,868 1,548,806 1,355,564 1,421,760
Shareholders Equity 33,889,728 32,416,512 33,481,622 38,994,413 8,638,218
Shares Outstanding 10,000,000 10,000,000 n/a n/a 5,000,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 1,646,378 633,336 2,593,276 8,610,615 5,000,000
Weighted Avg Shares Basic 1,646,378 633,336 2,593,276 8,610,615 5,000,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) 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 9 quarterly periods available from Data Vault for this company.

Metric
2025-04-30
6-K
USD
2024-10-31
6-K
USD
2024-04-30
6-K
USD
2023-10-31
6-K
USD
2023-04-30
6-K
USD
2022-10-31
6-K
USD
2022-04-30
6-K
USD
2021-10-31
6-K
USD
2021-04-30
6-K
USD
Revenue 2,823,312 5,392,700 178,345 7,261,748 724,859 1,351,909 945,645 2,790,617 1,636,835
Operating Income -3,230,991 -4,645,247 -2,962,830 -4,201,365 -1,927,986 -5,068,914 -3,880,424 -2,253,804 -465,495
Net Income -2,890,362 -3,986,925 -2,605,348 -4,154,482 -1,486,253 -4,684,157 -3,503,707 -1,944,549 -403,935
Cash From Operations -2,718,547 -1,525,708 258,210 -3,328,322 761,583 -198,760 -75,608 -1,363,938 1,094,123
Capex -558 0 n/a -1,681 0 -2,346 -2,436 -3,411 0
Free Cash Flow -2,719,105 -1,525,708 n/a -3,330,003 761,583 -201,106 -78,044 -1,367,349 1,094,123
Cash And Equivalents 196,883 297,288 27,456,502 2,383 35,923,605 2,508 29,015,368 30,024,372 18,160,102
Total Current Assets 37,822,151 39,921,393 28,255,209 27,618,624 36,892,085 34,858,624 37,842,294 31,630,139 n/a
Total Liabilities 4,461,967 6,089,064 5,624,205 3,062,868 2,453,069 1,548,806 1,432,093 1,355,564 n/a
Shares Outstanding 10,000,000 10,000,000 n/a 10,000,000 n/a n/a n/a n/a n/a
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 9,300,741 10,000,000 970,721 10,000,000 594,901 2,593,276 2,459,786 8,610,615 6,560,497
Weighted Avg Shares Basic 9,300,741 10,000,000 970,721 10,000,000 594,901 2,593,276 2,459,786 8,610,615 6,560,497
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence 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 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 37,822,151USD us-gaap:AssetsCurrent 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Total Liabilities 4,461,967USD us-gaap:Liabilities 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Cash 196,883USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Shares Outstanding 10,000,000 us-gaap:CommonStockSharesOutstanding 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
NCAV 33,360,184USD derived 2025-04-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 3.34USD derived 2025-04-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 99.9% derived 2025-04-30 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
0001782941
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001782941/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
6
Imported At
2026-08-15T12:52:55+00:00
Rendered At
2026-08-16T03:29:38+00:00

Run Audit

Mary Run
7597e71d9e0c42a48d3fa1ce89682485
Mary As Of
2026-07-11
Accession
0001410578-25-000068
CIK
0001782941
Mary Filing Date
2025-01-31
Filing Currency
USD
Internal Discount
99.9%
Source State
Stale Filing
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=2025-01-31; mary_accession=0001410578-25-000068; mary_cik=0001782941; gnni_supporting_filing_date=2025-01-31; internal_discount=0.998847; 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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