This archived issue is not backfilled with observations from a later screening run.
Issue 002 | U.S. Pilot | US
WCT
Wellchange Holdings Co Ltd
Screen state: Passing
Source state: Verified
20-F | 2026-05-14
Filing currency: USD
Internal NCAV Discount
45.6%
GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.
- Current Assets
- 5,762,306USD
- Total Liabilities
- 2,466,582USD
- NCAV
- 3,295,724USD
- Cash
- 2,805,408USD
- NCAV per share
- 0.06USD/share
- Evidence
- 2 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.
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 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.
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
|
|---|---|---|
| Revenue | 1,348,084 | 2,309,218 |
| Operating Income | -6,323,966 | -456,630 |
| Net Income | -7,322,805 | -431,544 |
| Cash From Operations | -6,317,821 | -316,126 |
| Capex | n/a | n/a |
| Free Cash Flow | n/a | n/a |
| Cash And Equivalents | 2,805,408 | 250,312 |
| Accounts Receivable | 805,966 | 452,823 |
| Inventory | n/a | n/a |
| Total Current Assets | 5,762,306 | 1,578,958 |
| Total Assets | 13,617,752 | 6,695,351 |
| Total Current Liabilities | 1,255,767 | 1,512,748 |
| Total Liabilities | 2,466,582 | 1,782,600 |
| Shareholders Equity | 11,151,170 | 4,912,751 |
| Shares Outstanding | n/a | 46,265,000 |
| Shares Outstanding Diluted | n/a | n/a |
| Weighted Avg Shares Diluted | 1,546,889 | 20,304,754 |
| Weighted Avg Shares Basic | 1,546,889 | 20,304,754 |
| Net Share Count Change (Normalized) | Insufficient evidence | Insufficient evidence |
| Ownership Claim Change (Normalized) | 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 |
2025-06-30
6-K/A
USD
|
2024-12-31
6-K/A
USD
|
2024-06-30
6-K/A
USD
|
|---|---|---|---|
| Revenue | 1,197,566 | 2,309,218 | 1,061,080 |
| Operating Income | -3,257,920 | -456,630 | 463,090 |
| Net Income | -2,965,109 | -431,544 | 381,153 |
| Cash From Operations | -8,855,965 | -316,126 | 416,439 |
| Capex | n/a | n/a | n/a |
| Free Cash Flow | n/a | n/a | n/a |
| Cash And Equivalents | 71,538 | 250,312 | n/a |
| Total Current Assets | 4,121,444 | 1,578,958 | n/a |
| Total Liabilities | 988,381 | 1,782,600 | n/a |
| Shares Outstanding | 51,265,000 | 21,625,000 | n/a |
| Shares Outstanding Diluted | n/a | n/a | n/a |
| Weighted Avg Shares Diluted | 44,237,222 | 20,304,754 | 20,000,000 |
| Weighted Avg Shares Basic | 44,237,222 | 20,304,754 | 20,000,000 |
| 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 | 4,121,444USD | us-gaap:AssetsCurrent | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json |
| Total Liabilities | 988,381USD | us-gaap:Liabilities | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json |
| Cash | 71,538USD | us-gaap:CashAndCashEquivalentsAtCarryingValue | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json |
| Shares Outstanding | 51,265,000 | us-gaap:CommonStockSharesOutstanding | 2025-06-30 | 1.00 |
Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json |
| NCAV | 3,133,063USD | derived | 2025-06-30 | n/a | company-evidence-v1 | total_current_assets - total_liabilities |
| NCAV per share | 0.06USD | derived | 2025-06-30 | n/a | company-evidence-v1 | NCAV / shares_outstanding |
| Internal NCAV Discount | 45.6% | derived | 2025-06-30 | 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
- 0001990251
- Company ID
- n/a
- Selected Annual Source
- Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json
- Selected Quarterly Source
- Data Vault | sec/companyfacts/cik=0001990251/companyfacts.json
- Statement Extractor
- companyfacts-screener-v1
- View Extractor
- companyfacts-screener-v1
- Source Accession Count
- 3
- Imported At
- 2026-08-15T12:53:02+00:00
- Rendered At
- 2026-08-16T03:29:43+00:00
Run Audit
- Mary Run
- f75c5d221f074da8a489fba328e8ef51
- Mary As Of
- 2026-07-18
- Accession
- 0001213900-26-055994
- CIK
- 0001990251
- Mary Filing Date
- 2026-05-14
- Filing Currency
- USD
- Internal Discount
- 45.6%
- 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=2026-05-14; mary_accession=0001213900-26-055994; mary_cik=0001990251; gnni_supporting_filing_date=2026-05-14; internal_discount=0.45554; 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.