Lucide Ledger

A filing-first public record from Lucide House.

Issue 009 | U.S. Pilot | US

HKPD

Cellyan Biotechnology Co., Ltd

Screen state: Needs Review Source state: Stale Filing 20-F | 2025-08-14 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 67.3%

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

Current Assets
8,727,105USD
Total Liabilities
4,427,507USD
NCAV
4,299,598USD
Cash
748,721USD
NCAV per share
needs review
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
2
Unavailable
8
Supporting observation Positive OCF 569,214
Latest
569,2142025-03-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations > 0

Source periods: SEC 20-F 2025-03-31 · 0001213900-25-076725

Supporting observation Current Ratio > 1.5 2.99
Latest
2.992025-03-31
Comparison
1.5
Change
n/a

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

Source periods: SEC 20-F 2025-03-31 · 0001213900-25-076725

8 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%
Material 1Y Share Increase 1Y share change >= +2% using the same share-count source
NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source
Non-Positive Equity ordinary shareholders equity <= 0
Share Count Reduced 1Y share change <= -2% using the same share-count source

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 0001213900-25-076725 2025-08-14 20-F Missing Source Data Vault | sec/cleaned/cik=0002007702/accession=0001213900-25-076725/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.

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
2026-03-31
20-F
USD
2025-03-31
20-F
USD
Revenue n/a n/a
Operating Income n/a -2,284,587
Net Income n/a -27,056
Cash From Operations n/a n/a
Capex n/a n/a
Free Cash Flow n/a n/a
Cash And Equivalents n/a 748,721
Accounts Receivable n/a n/a
Inventory n/a n/a
Total Current Assets n/a n/a
Total Assets n/a 9,417,276
Total Current Liabilities n/a n/a
Total Liabilities n/a 4,427,507
Shareholders Equity n/a n/a
Shares Outstanding 16,349,986 11,000,000
Shares Outstanding Diluted n/a n/a
Weighted Avg Shares Diluted n/a n/a
Weighted Avg Shares Basic n/a n/a
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
2025-09-30
6-K
USD
2025-03-31
6-K
USD
2024-09-30
6-K
USD
Revenue n/a n/a n/a
Operating Income -701,751 -2,284,587 -879,369
Net Income 153,735 -27,056 828,559
Cash From Operations n/a n/a n/a
Capex n/a n/a n/a
Free Cash Flow n/a n/a n/a
Cash And Equivalents 190,912 748,721 n/a
Total Current Assets n/a n/a n/a
Total Liabilities 4,490,399 4,427,507 n/a
Shares Outstanding n/a 11,000,000 n/a
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted n/a n/a n/a
Weighted Avg Shares Basic n/a n/a n/a
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 n/a derived 2025-09-30 n/a n/a
Total Liabilities 4,490,399USD ifrs-full:Liabilities 2025-09-30 1.00 Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Cash 190,912USD ifrs-full:CashAndCashEquivalents 2025-09-30 1.00 Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Shares Outstanding n/a n/a 2025-09-30 n/a n/a
NCAV n/a derived 2025-09-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share n/a derived 2025-09-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 67.3% derived 2025-09-30 n/a gnni_publication_pack | internal_discount

NCAV could not be calculated because one or more inputs are missing.

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0002007702
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0002007702/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
3
Imported At
2026-10-04T02:13:35+00:00
Rendered At
2026-10-04T14:25:13+00:00

Run Audit

Mary Run
f144d1b5c8da4ec5944a0653554ce5d9
Mary As Of
2026-09-06
Accession
0001213900-25-076725
CIK
0002007702
Mary Filing Date
2025-08-14
Filing Currency
USD
Internal Discount
67.3%
Source State
Stale Filing
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=f144d1b5c8da4ec5944a0653554ce5d9; mary_as_of=2026-09-06; mary_filing_date=2025-08-14; mary_accession=0001213900-25-076725; mary_cik=0002007702; gnni_supporting_filing_date=2025-08-14; internal_discount=0.672528; 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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