Lucide Ledger

A filing-first public record from Lucide House.

Issue 004 | U.S. Pilot | US

GLXG

Galaxy Payroll Group Ltd

Screen state: Needs Review Source state: Stale Filing 20-F | 2025-10-24 Filing currency: HKD
Open Filing Back to Register Report a correction
Internal NCAV Discount 50.7%

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

Current Assets
37,745,218HKD
Total Liabilities
12,036,130HKD
NCAV
3,278,050HKD
Cash
32,188,711HKD
NCAV per share
16.07HKD/share
Evidence
2 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.

Evaluated
12
Triggered
3
Unavailable
4
Requires inspection Negative OCF -27,707,982
Latest
-27,707,9822025-06-30
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 20-F 2025-06-30 · 0001213900-25-102144

Supporting observation Share Count Reduced 1,600,000
Latest
1,600,0002025-06-30
Comparison
16,000,0002024-06-30
Change
-90.0%

Basis: 1Y share change <= -2% using the same share-count source

Source periods: SEC 20-F 2025-06-30 · 0001213900-25-102144; REPORTED_FILING 20-F 2024-06-30

Supporting observation Current Ratio > 1.5 3.21
Latest
3.212025-06-30
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 20-F 2025-06-30 · 0001213900-25-102144

4 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
High NCAV Burn since the previous filing NCAV burn since previous filing >= 10%; previous NCAV must be positive
Low Debt (short-term debt + long-term debt) / ordinary equity < 20%
Non-Positive Equity ordinary shareholders equity <= 0

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001213900-25-102144 2025-10-24 20-F Verified Data Vault | sec/cleaned/cik=0001905920/accession=0001213900-25-102144/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

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
2025-06-30
20-F
HKD
2024-06-30
20-F
HKD
Revenue 27,429,319 30,124,952
Operating Income -27,758,397 7,024,481
Net Income -27,568,713 5,505,489
Cash From Operations -27,707,982 6,725,500
Capex -63,356 -59,449
Free Cash Flow -27,771,338 6,666,051
Cash And Equivalents n/a 10,855,128
Accounts Receivable 3,581,852 2,556,073
Inventory n/a n/a
Total Current Assets 37,745,218 16,198,765
Total Assets 39,135,372 26,586,491
Total Current Liabilities 11,744,979 18,862,498
Total Liabilities 12,036,130 20,111,008
Shareholders Equity 27,099,242 6,475,483
Shares Outstanding 1,600,000 16,000,000
Shares Outstanding Diluted n/a n/a
Weighted Avg Shares Diluted 1,805,534 1,600,000
Weighted Avg Shares Basic 1,805,534 16,000,000
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 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 37,745,218HKD us-gaap:AssetsCurrent 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
Total Liabilities 12,036,130HKD us-gaap:Liabilities 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
Cash n/a derived 2025-06-30 n/a n/a
Shares Outstanding 1,600,000 us-gaap:CommonStockSharesOutstanding 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
Data Vault | sec/companyfacts/cik=0001905920/companyfacts.json
NCAV 25,709,088HKD derived 2025-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 16.07HKD derived 2025-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 50.7% 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
n/a
CIK
0001905920
Company ID
n/a
Selected Annual Source
n/a
Selected Quarterly Source
n/a
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
2
Imported At
2026-08-15T12:52:05+00:00
Rendered At
2026-08-16T03:29:54+00:00

Run Audit

Mary Run
29510e1968ca4fb386d55ebe1e97a5de
Mary As Of
2026-08-01
Accession
0001213900-25-102144
CIK
0001905920
Mary Filing Date
2025-10-24
Filing Currency
HKD
Internal Discount
50.7%
Source State
Stale Filing
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=29510e1968ca4fb386d55ebe1e97a5de; mary_as_of=2026-08-01; mary_filing_date=2025-10-24; mary_accession=0001213900-25-102144; mary_cik=0001905920; gnni_supporting_filing_date=2025-10-24; internal_discount=0.507024; 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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