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EDHL

Everbright Digital Holding Ltd.
CIK 0002024876 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
80.2
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 0.40 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-05-04) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 0.395,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.983,
    "GMI": 0.901,
    "AQI": 6.254,
    "SGI": 0.674,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.561,
    "TATA": 0.01
  },
  "defaulted_to_neutral": [
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": 0.0132,
  "inputs": {
    "revenue_t": 1862231,
    "revenue_t1": 2761798,
    "total_assets_t": 4765727,
    "net_income_t": -2246178,
    "cfo_t": -2294971
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2024876/000121390026051572/0001213900-26-051572-index.htm",
    "form": "20-F",
    "filed": "2026-05-04"
  }
}
P-12 ยท FY 2025-12-31 ยท ELEVATED49.6

Restatement predictor

F-Score 1.49 โ€” misstatement risk 1.5x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-05-04) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.489,
  "probability": 0.00551,
  "components": {
    "rsst": 0.0132,
    "drec": 0.0835,
    "dinv": null,
    "soft": 0.9988,
    "dcs": -0.4372,
    "droa": -0.6164,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2024876/000121390026051572/0001213900-26-051572-index.htm",
    "form": "20-F",
    "filed": "2026-05-04"
  }
}
P-05 ยท FY 2024-12-31 ยท CLEAN1.8

Tax arbitrage

ETR 26.6% โ€” within normal range of statutory
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-05-04) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2024-12-31": 0.2658,
    "2023-12-31": 0.1451
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2024-12-31": -0.0558,
    "2023-12-31": 0.0649
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2024876/000121390026051572/0001213900-26-051572-index.htm",
    "form": "20-F",
    "filed": "2026-05-04"
  }
}