This archived issue is not backfilled with observations from a later screening run.
Issue 002 | U.S. Pilot | US
HIHO
HIGHWAY HOLDINGS LTD
Screen state: Needs Review
Source state: Stale Filing
20-F | 2025-06-30
Filing currency: USD
Internal NCAV Discount
35.0%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 8,570,000USD
- Total Liabilities
- 3,287,000USD
- NCAV
- 5,283,000USD
- Cash
- 5,972,000USD
- NCAV per share
- 1.20USD/share
- Evidence
- 10 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.
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.
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.
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 |
2025-03-31
20-F
USD
|
2024-03-31
20-F
USD
|
2023-03-31
20-F
USD
|
2022-03-31
20-F
USD
|
2021-03-31
20-F
USD
|
2020-03-31
20-F
USD
|
2019-03-31
20-F
USD
|
2018-03-31
20-F
USD
|
2017-03-31
20-F
USD
|
2016-03-31
20-F
USD
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,412,000 | 6,321,000 | 10,242,000 | 12,365,000 | 9,168,000 | 12,558,000 | 14,277,000 | 19,166,000 | 19,603,000 | 22,935,000 |
| Operating Income | -535,000 | -1,631,000 | -477,000 | 567,000 | -616,000 | 747,000 | -755,000 | 1,938,000 | 761,000 | 1,516,000 |
| Net Income | 106,000 | -959,000 | -294,000 | 443,000 | -461,000 | 686,000 | -630,000 | 1,550,000 | 527,000 | 1,251,000 |
| Cash From Operations | -360,000 | 415,000 | 809,000 | -164,000 | -104,000 | 442,000 | -437,000 | 2,388,000 | 2,224,000 | 1,256,000 |
| Capex | -101,000 | -118,000 | -92,000 | -134,000 | -88,000 | -91,000 | -695,000 | -271,000 | -197,000 | -524,000 |
| Free Cash Flow | -461,000 | 297,000 | 717,000 | -298,000 | -192,000 | 351,000 | -1,132,000 | 2,117,000 | 2,027,000 | 732,000 |
| Cash And Equivalents | 5,972,000 | 6,601,000 | 6,952,000 | 6,010,000 | 7,757,000 | 8,827,000 | 8,827,000 | 11,267,000 | 10,028,000 | 9,140,000 |
| Accounts Receivable | 1,022,000 | 1,253,000 | 1,886,000 | 2,260,000 | 973,000 | 2,008,000 | 2,264,000 | 2,223,000 | 3,403,000 | 4,321,000 |
| Inventory | 1,146,000 | 1,566,000 | 1,413,000 | 2,350,000 | 2,238,000 | 2,000,000 | 1,539,000 | 2,933,000 | 2,265,000 | 1,425,000 |
| Total Current Assets | 8,570,000 | 9,646,000 | 10,660,000 | 12,322,000 | 11,481,000 | 13,223,000 | 13,352,000 | 17,172,000 | 16,410,000 | 15,730,000 |
| Total Assets | 9,554,000 | 11,318,000 | 13,883,000 | 14,859,000 | 15,486,000 | 18,169,000 | 15,250,000 | 18,130,000 | 17,552,000 | 17,039,000 |
| Total Current Liabilities | 3,077,000 | 3,837,000 | 4,061,000 | 5,182,000 | 3,964,000 | 4,988,000 | 5,081,000 | 6,308,000 | 6,210,000 | 5,073,000 |
| Total Liabilities | 3,287,000 | 4,680,000 | 5,667,000 | 5,590,000 | 5,713,000 | 7,251,000 | 5,113,000 | 6,340,000 | 6,242,000 | 5,105,000 |
| Shareholders Equity | 6,269,000 | 6,645,000 | 8,204,000 | 9,269,000 | 9,756,000 | 10,908,000 | 10,126,000 | 11,741,000 | 11,271,000 | 11,872,000 |
| Shares Outstanding | 4,401,825 | 4,401,825 | 4,086,825 | 4,036,825 | 4,026,825 | 3,971,825 | 3,801,874 | 0 | 3,801,874 | 3,801,874 |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 4,401,825 | 4,373,236 | 4,070,524 | 4,187,731 | 4,006,400 | 3,909,976 | 3,801,874 | 3,801,874 | 3,801,874 | 3,801,874 |
| Weighted Avg Shares Basic | 4,401,825 | 4,373,236 | 4,070,524 | 4,033,346 | 4,006,400 | 3,909,976 | 3,801,874 | 3,801,874 | 3,801,874 | 3,801,874 |
| Net Share Count Change (Normalized) | Insufficient evidence | 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 | 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 | 8,570,000USD | us-gaap:AssetsCurrent | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json |
| Total Liabilities | 3,287,000USD | us-gaap:Liabilities | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json |
| Cash | 5,972,000USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json |
| Shares Outstanding | 4,401,825 | dei:EntityCommonStockSharesOutstanding | 2025-03-31 | 1.00 |
Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json |
| NCAV | 5,283,000USD | derived | 2025-03-31 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 1.20USD | derived | 2025-03-31 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 35.0% | derived | 2025-03-31 | 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
- 0001026785
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001026785/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 10
- Imported At
- 2026-07-18T12:27:47+00:00
- Rendered At
- 2026-08-16T03:29:43+00:00
Run Audit
- Mary Run
- f75c5d221f074da8a489fba328e8ef51
- Mary As Of
- 2026-07-18
- Accession
- 0001213900-25-059629
- CIK
- 0001026785
- Mary Filing Date
- 2025-06-30
- Filing Currency
- USD
- Internal Discount
- 35.0%
- Source State
- Stale Filing
- Market Context
- Not Displayed
- Market Policy
- internal_only_not_redistributed
- Share Trend
- Not Evaluated
- Dilution
- Needs Review
mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2025-06-30; mary_accession=0001213900-25-059629; mary_cik=0001026785; gnni_supporting_filing_date=2025-06-30; internal_discount=0.3501; 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