Lucide Ledger

A filing-first public record from Lucide House.

Issue 002 | U.S. Pilot | US

WNW

Meiwu Technology Co Ltd

Screen state: Passing Source state: Verified 20-F | 2026-04-17 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 97.3%

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

Current Assets
20,803,546USD
Total Liabilities
1,339,068USD
NCAV
19,464,478USD
Cash
17,884,684USD
NCAV per share
13.58USD/share
Evidence
6 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.

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
2021-12-31
20-F
USD
2020-12-31
20-F
USD
Revenue 7,081,133 158,485 10,977,429 10,978,571 12,258,451 22,125,320
Operating Income -8,788,595 -2,047,017 -1,516,786 -3,739,370 -1,101,697 -2,237,320
Net Income -18,590,749 5,114,684 -16,066,384 -11,072,016 -1,081,946 -2,218,062
Cash From Operations 9,038,631 -14,064,609 -7,422,839 -11,766,895 -8,691,506 4,851,774
Capex n/a n/a -5,539 -25,916 -81,197 -27,705
Free Cash Flow n/a n/a -7,428,378 -11,792,811 -8,772,703 4,824,069
Cash And Equivalents 17,884,684 43,396,977 16,060,686 23,716,768 26,634,332 7,027,964
Accounts Receivable 990,913 n/a 2,874,494 4,043,473 433,002 439,910
Inventory 82,820 n/a 95,124 344,823 432,955 1,534,830
Total Current Assets 20,803,546 60,945,135 20,388,753 29,874,190 27,990,689 36,366,646
Total Assets 50,733,945 60,945,135 20,584,279 37,853,361 28,290,040 37,462,877
Total Current Liabilities 1,315,591 676,164 7,635,153 8,346,217 3,807,412 12,987,856
Total Liabilities 1,339,068 1,967,772 11,568,372 17,939,426 10,664,213 20,561,099
Shareholders Equity 49,394,877 59,375,809 9,414,353 20,066,061 17,630,118 16,901,778
Shares Outstanding 15,643,353 63,361,823 2,923,325 60,945,313 32,968,755 25,000,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 22,104,246 11,290,377 2,596,687 44,445,636 25,851,456 20,191,781
Weighted Avg Shares Basic 22,104,246 11,290,377 2,596,687 44,445,636 25,851,456 20,191,781
Net Share Count Change (Normalized) 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
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
2025-06-30
6-K
USD
2024-12-31
6-K
USD
2024-06-30
6-K
USD
2023-12-31
6-K
USD
2023-06-30
6-K
USD
2022-12-31
6-K
USD
2022-06-30
6-K
USD
2021-12-31
6-K
USD
2021-06-30
6-K
USD
Revenue 2,477,852 158,485 86,159 10,977,429 10,683,243 10,978,571 1,166,425 12,258,451 7,499,540
Operating Income -1,375,342 -2,047,017 -728,493 -1,516,786 41,212 -3,739,370 -5,558,719 -1,101,697 -1,227,673
Net Income -1,361,018 5,114,684 -345,611 -16,066,384 -278,626 -11,072,016 -5,530,072 -1,081,946 -1,217,264
Cash From Operations 6,727,940 -14,064,609 -12,853,862 -7,422,839 -333,642 -11,766,895 -10,073,063 -8,691,506 -6,960,387
Capex n/a n/a n/a -5,539 -5,496 -25,916 n/a -81,197 n/a
Free Cash Flow n/a n/a n/a -7,428,378 -339,138 -11,792,811 n/a -8,772,703 n/a
Cash And Equivalents 33,341,081 43,396,977 3,092,759 16,060,686 n/a 23,716,768 24,466,120 26,634,332 n/a
Total Current Assets 44,762,583 60,945,135 19,953,040 20,388,753 22,753,880 29,874,190 34,842,758 27,990,689 n/a
Total Liabilities 1,725,006 1,967,772 11,364,211 11,568,372 12,658,058 17,939,426 23,014,215 10,664,213 n/a
Shares Outstanding 3,168,133 63,361,823 2,923,325 1,741,295 100,670,199 60,945,313 48,945,313 32,968,755 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 33,431,259 11,290,377 3,152,212 2,596,687 80,917,493 44,445,636 39,376,394 25,851,456 25,000,000
Weighted Avg Shares Basic 33,431,259 11,290,377 3,152,212 2,596,687 80,917,493 44,445,636 39,376,394 25,851,456 25,000,000
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 44,762,583USD us-gaap:AssetsCurrent 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Total Liabilities 1,725,006USD us-gaap:Liabilities 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Cash 33,341,081USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Shares Outstanding 3,168,133 us-gaap:CommonStockSharesOutstanding 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
NCAV 43,037,577USD derived 2025-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 13.58USD derived 2025-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 97.3% 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
0001787803
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001787803/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
10
Imported At
2026-08-15T12:53:04+00:00
Rendered At
2026-08-16T03:29:43+00:00

Run Audit

Mary Run
f75c5d221f074da8a489fba328e8ef51
Mary As Of
2026-07-18
Accession
0001493152-26-017159
CIK
0001787803
Mary Filing Date
2026-04-17
Filing Currency
USD
Internal Discount
97.3%
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=2026-04-17; mary_accession=0001493152-26-017159; mary_cik=0001787803; gnni_supporting_filing_date=2026-04-17; internal_discount=0.973478; 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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