Lucide Ledger

A filing-first public record from Lucide House.

Issue 010 | U.S. Pilot | US

HCAI

Huachen AI Parking Management Technology Holding Co., Ltd

Screen state: Passing Source state: Verified 20-F | 2026-05-13 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 51.1%

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

Current Assets
11,951,731USD
Total Liabilities
6,790,857USD
NCAV
5,160,874USD
Cash
389USD
NCAV per share
1.56USD/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
Requires inspection High NCAV Burn since the previous filing 5,160,874
Latest
5,160,8742025-12-31
Comparison
16,659,5022024-12-31
Change
-69.0%

Basis: NCAV burn since previous filing >= 10%; previous NCAV must be positive

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-055775; REPORTED_FILING 20-F 2024-12-31

Requires inspection Negative OCF -1,301,620
Latest
-1,301,6202025-12-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-055775

Supporting observation Share Count Reduced 1,125,647
Latest
1,125,6472025-12-31
Comparison
30,000,0002024-12-31
Change
-96.2%

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

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-055775; REPORTED_FILING 20-F 2024-12-31

Supporting observation Current Ratio > 1.5 1.76
Latest
1.762025-12-31
Comparison
1.5
Change
n/a

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

Source periods: SEC 20-F 2025-12-31 · 0001213900-26-055775

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 0001213900-25-044209 2025-05-15 20-F Missing Source Data Vault | sec/cleaned/cik=0001958399/accession=0001213900-25-044209/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.

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 14,895,053 40,944,770
Operating Income -21,219,820 2,260,204
Net Income -42,249,434 1,495,514
Cash From Operations -1,301,620 1,506,390
Capex n/a -2,183
Free Cash Flow n/a 1,504,207
Cash And Equivalents 389 28,654
Accounts Receivable 7,070,814 19,498,525
Inventory n/a 1,427,716
Total Current Assets 11,951,731 34,667,299
Total Assets 11,991,283 45,852,772
Total Current Liabilities 6,772,122 13,432,726
Total Liabilities 6,790,857 18,007,797
Shareholders Equity 5,201,008 15,812,340
Shares Outstanding 1,163,276 30,000,000
Shares Outstanding Diluted n/a n/a
Weighted Avg Shares Diluted 1,125,647 30,000,000
Weighted Avg Shares Basic 1,125,647 30,000,000
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
2025-06-30
6-K
USD
2024-12-31
6-K
USD
2024-06-30
6-K
USD
Revenue 8,145,257 40,944,770 29,913,040
Operating Income 1,276,291 2,260,204 2,616,275
Net Income 815,939 1,495,514 2,195,735
Cash From Operations -5,451,079 1,506,390 114,250
Capex n/a -2,183 -4,416
Free Cash Flow n/a 1,504,207 109,834
Cash And Equivalents 47,495 28,654 n/a
Total Current Assets 46,638,506 34,667,299 n/a
Total Liabilities 21,652,333 18,007,797 n/a
Shares Outstanding 16,000,000 30,000,000 n/a
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 34,897,500 30,000,000 30,000,000
Weighted Avg Shares Basic 34,897,500 30,000,000 30,000,000
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 46,638,506USD us-gaap:AssetsCurrent 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Total Liabilities 21,652,333USD us-gaap:Liabilities 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Cash 47,495USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Shares Outstanding 16,000,000 us-gaap:CommonStockSharesOutstanding 2025-06-30 1.00 Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
NCAV 24,986,173USD derived 2025-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 1.56USD derived 2025-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 51.1% 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
0001958399
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001958399/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
3
Imported At
2026-10-04T02:13:33+00:00
Rendered At
2026-10-04T14:25:21+00:00

Run Audit

Mary Run
47527d60587d401c89969c73d0370b43
Mary As Of
2026-09-12
Accession
0001213900-26-055775
CIK
0001958399
Mary Filing Date
2026-05-13
Filing Currency
USD
Internal Discount
51.1%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=47527d60587d401c89969c73d0370b43; mary_as_of=2026-09-12; mary_filing_date=2026-05-13; mary_accession=0001213900-26-055775; mary_cik=0001958399; gnni_supporting_filing_date=2026-05-13; internal_discount=0.51143; 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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