This archived issue is not backfilled with observations from a later screening run.
Issue 002 | U.S. Pilot | US
WAI
Top KingWin Ltd
Screen state: Passing
Source state: Verified
20-F | 2026-04-08
Filing currency: USD
Internal NCAV Discount
92.4%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 33,237,438USD
- Total Liabilities
- 2,992,875USD
- NCAV
- 30,244,563USD
- Cash
- 13,085,466USD
- NCAV per share
- 4.92USD/share
- Evidence
- 4 annual | 5 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 5 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.
Annual Financials
Latest annual periods, newest first. Missing cells render as n/a.
| Metric |
2025-12-31
20-F
USD
|
2024-12-31
20-F
USD
|
2023-12-31
20-F
USD
|
2022-12-31
20-F
USD
|
|---|---|---|---|---|
| Revenue | 8,038,370 | 4,474,690 | 5,453,241 | 3,122,324 |
| Operating Income | -24,243,667 | -7,129,991 | -2,477,614 | -919,790 |
| Net Income | -24,020,717 | -8,679,289 | -2,547,668 | -771,483 |
| Cash From Operations | -1,296,079 | -39,381,213 | -1,646,355 | -1,395,937 |
| Capex | -10,052 | -12,374 | -76,356 | -32,199 |
| Free Cash Flow | -1,306,131 | -39,393,587 | -1,722,711 | -1,428,136 |
| Cash And Equivalents | 13,085,466 | 2,814,010 | 4,618,670 | 2,654,185 |
| Accounts Receivable | 766,327 | 465,867 | 504,472 | 95,691 |
| Inventory | n/a | n/a | n/a | n/a |
| Total Current Assets | 33,237,438 | 40,752,745 | 6,613,368 | 2,860,035 |
| Total Assets | 33,322,969 | 41,577,529 | 10,237,109 | 5,088,029 |
| Total Current Liabilities | 2,992,875 | 5,593,050 | 2,670,271 | 2,892,976 |
| Total Liabilities | 2,992,875 | 5,875,504 | 2,832,157 | 3,266,044 |
| Shareholders Equity | 30,330,094 | 35,702,025 | 7,404,952 | 1,821,985 |
| Shares Outstanding | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 892,314 | 73,451,251 | 13,947,917 | 12,000,000 |
| Weighted Avg Shares Basic | 892,314 | 73,451,251 | 13,947,917 | 12,000,000 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | 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 5 quarterly periods available from Data Vault for this company.
| Metric |
2025-06-30
6-K
USD
|
2024-12-31
6-K
USD
|
2024-06-30
6-K
USD
|
2023-12-31
6-K/A
USD
|
2023-06-30
6-K/A
USD
|
|---|---|---|---|---|---|
| Revenue | 3,417,018 | 4,474,690 | 1,351,121 | 5,453,241 | 2,814,664 |
| Operating Income | -2,729,402 | -7,129,991 | -3,687,116 | -2,487,319 | -1,012,930 |
| Net Income | -3,163,291 | -8,679,289 | -3,660,825 | -2,547,668 | -1,078,673 |
| Cash From Operations | -1,126,058 | -39,381,213 | -2,166,334 | -1,646,355 | -627,389 |
| Capex | -9,657 | -12,374 | -5,690 | -76,356 | -13,284 |
| Free Cash Flow | -1,135,715 | -39,393,587 | -2,172,024 | -1,722,711 | -640,673 |
| Cash And Equivalents | n/a | 2,814,010 | 3,098,787 | 4,618,670 | 4,892,680 |
| Total Current Assets | 41,680,342 | 40,752,745 | 4,154,081 | 6,613,368 | n/a |
| Total Liabilities | 5,404,680 | 5,875,504 | 2,201,833 | 2,832,157 | n/a |
| Shares Outstanding | n/a | n/a | n/a | n/a | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 7,370,080 | 73,451,251 | 633,278 | 13,947,917 | 13,115,278 |
| Weighted Avg Shares Basic | 7,370,080 | 73,451,251 | 633,278 | 13,947,917 | 13,115,278 |
| 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 |
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 | 41,680,342USD | us-gaap:AssetsCurrent | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json |
| Total Liabilities | 5,404,680USD | us-gaap:Liabilities | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json |
| Cash | n/a | derived | 2025-06-30 | n/a | n/a |
| Shares Outstanding | 7,370,080 | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json |
| NCAV | 36,275,662USD | derived | 2025-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 4.92USD | derived | 2025-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 92.4% | derived | 2025-06-30 | n/a | gnni_publication_pack | internal_discount |
NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / weighted_avg_shares_diluted
Source Provenance
- Data Source
- Data Vault
- Data Vault Root
- Local evidence | The Data Vault
- CIK
- 0001938865
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001938865/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 7
- Imported At
- 2026-08-02T05:41:59+00:00
- Rendered At
- 2026-08-16T03:29:43+00:00
Run Audit
- Mary Run
- f75c5d221f074da8a489fba328e8ef51
- Mary As Of
- 2026-07-18
- Accession
- 0001213900-26-041488
- CIK
- 0001938865
- Mary Filing Date
- 2026-04-08
- Filing Currency
- USD
- Internal Discount
- 92.4%
- Source State
- Verified
- 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=2026-04-08; mary_accession=0001213900-26-041488; mary_cik=0001938865; gnni_supporting_filing_date=2026-04-08; internal_discount=0.924454; 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.