Lucide Ledger

A filing-first public record from Lucide House.

Issue 005 | U.S. Pilot | US

BYAH

Park Ha Biological Technology Co., Ltd.

Screen state: Needs Review Source state: Needs Review 20-F | 2026-05-15 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 47.8%

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

Current Assets
5,501,962USD
Total Liabilities
1,957,761USD
NCAV
3,544,201USD
Cash
3,787,678USD
NCAV per share
0.14USD/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.

Evaluated
12
Triggered
4
Unavailable
3
Supporting observation NCAV Growing 3,544,201
Latest
3,544,2012025-10-31
Comparison
1,267,0482024-10-31
Change
+179.7%

Basis: equivalent prior-year NCAV change >= +2%; both NCAV values must be positive

Source periods: SEC 20-F 2025-10-31 · 0001213900-26-057152; REPORTED_FILING 20-F 2024-10-31

Supporting observation Positive OCF 85,852
Latest
85,8522025-10-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 20-F 2025-10-31 · 0001213900-26-057152

Supporting observation Share Count Reduced 588,866
Latest
588,8662025-10-31
Comparison
25,000,0002024-10-31
Change
-97.6%

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

Source periods: SEC 20-F 2025-10-31 · 0001213900-26-057152; REPORTED_FILING 20-F 2024-10-31

Supporting observation Current Ratio > 1.5 2.92
Latest
2.922025-10-31
Comparison
1.5
Change
n/a

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

Source periods: SEC 20-F 2025-10-31 · 0001213900-26-057152

3 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
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 0001213900-26-021984 2026-03-02 20-F Verified Data Vault | sec/cleaned/cik=0001986247/accession=0001213900-26-021984/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 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.

High | Filing

Some rows do not have a verified direct filing URL in the local official filing cache.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-10-31
20-F
USD
2024-10-31
20-F
USD
Revenue 2,524,843 2,381,851
Operating Income -24,148,901 793,714
Net Income -24,364,753 478,561
Cash From Operations 85,852 960,470
Capex -88,825 -85,569
Free Cash Flow -2,973 874,901
Cash And Equivalents 3,787,678 547,498
Accounts Receivable 255,844 330,892
Inventory 75,214 71,486
Total Current Assets 5,501,962 2,844,246
Total Assets 5,952,616 3,083,283
Total Current Liabilities 1,881,846 1,524,453
Total Liabilities 1,957,761 1,577,198
Shareholders Equity 3,994,855 1,506,085
Shares Outstanding n/a 25,000,000
Shares Outstanding Diluted n/a n/a
Weighted Avg Shares Diluted 588,866 25,000,000
Weighted Avg Shares Basic 588,866 25,000,000
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 3 quarterly periods available from Data Vault for this company.

Metric
2025-04-30
6-K
USD
2024-10-31
6-K
USD
2024-04-30
6-K
USD
Revenue 1,239,197 2,381,851 852,928
Operating Income -19,715,597 793,714 92,368
Net Income -19,835,994 478,561 48,900
Cash From Operations 245,433 960,470 31,286
Capex -2,213 -85,569 -2,071
Free Cash Flow 243,220 874,901 29,215
Cash And Equivalents n/a 547,498 n/a
Total Current Assets 5,584,630 2,844,246 n/a
Total Liabilities 1,581,992 1,577,198 n/a
Shares Outstanding 29,374,403 25,000,000 n/a
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 26,887,202 25,000,000 25,000,000
Weighted Avg Shares Basic 26,887,202 25,000,000 25,000,000
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 5,584,630USD us-gaap:AssetsCurrent 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Total Liabilities 1,581,992USD us-gaap:Liabilities 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Cash n/a derived 2025-04-30 n/a n/a
Shares Outstanding 29,374,403 us-gaap:CommonStockSharesOutstanding 2025-04-30 1.00 Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
NCAV 4,002,638USD derived 2025-04-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 0.14USD derived 2025-04-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 47.8% derived 2025-04-30 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
0001986247
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001986247/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
3
Imported At
2026-08-15T12:51:46+00:00
Rendered At
2026-08-16T03:30:00+00:00

Run Audit

Mary Run
062cd84c6cec4533b9bb580392e1f3bf
Mary As Of
2026-08-07
Accession
0001213900-26-057152
CIK
0001986247
Mary Filing Date
2026-05-15
Filing Currency
USD
Internal Discount
47.8%
Source State
Needs Review
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=062cd84c6cec4533b9bb580392e1f3bf; mary_as_of=2026-08-07; mary_filing_date=2026-05-15; mary_accession=0001213900-26-057152; mary_cik=0001986247; gnni_supporting_filing_date=2026-03-02; internal_discount=0.478292; 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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