Yinfu Gold Corp. Q3 2025 10-Q Filing
Ticker: ELRE · Form: 10-Q · Filed: Feb 14, 2025 · CIK: 1438461
| Field | Detail |
|---|---|
| Company | Yinfu Gold CORP. (ELRE) |
| Form Type | 10-Q |
| Filed Date | Feb 14, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, mining
TL;DR
Yinfu Gold Corp. Q3 2025 10-Q: Assets $121.9M, Liabilities $1.6M, Revenue $121.9M.
AI Summary
Yinfu Gold Corp. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $121,983,993 and total liabilities of $1,599,982 for the nine months ended December 31, 2024. Revenue for the same period was $121,983,993. The company's fiscal year ends on March 31.
Why It Matters
This filing provides a snapshot of Yinfu Gold Corp.'s financial health and performance for the third quarter of fiscal year 2025, crucial for investors assessing the company's current standing.
Risk Assessment
Risk Level: medium — The company's financial performance and operational details in this 10-Q will determine its risk level.
Key Numbers
- $121.98M — Total Assets (As of December 31, 2024, for the nine-month period.)
- $1.60M — Total Liabilities (As of December 31, 2024, for the nine-month period.)
- $121.98M — Revenue (For the nine months ended December 31, 2024.)
Key Players & Entities
- Yinfu Gold Corp. (company) — Filer of the 10-Q
- December 31, 2024 (date) — End of reporting period
- $121,983,993 (dollar_amount) — Total assets and revenue for the nine months ended December 31, 2024
- $1,599,982 (dollar_amount) — Total liabilities for the nine months ended December 31, 2024
- March 31 (date) — Fiscal year end
- Mr. Jiang Libin (person) — Mentioned in relation to membership
- Shenzhen Yinfu Guohui Sports Development Co., Ltd. (company) — Mentioned in relation to membership
FAQ
What was Yinfu Gold Corp.'s net income for the nine months ended December 31, 2024?
The provided text does not explicitly state the net income for the period.
What is the company's primary business activity?
The company is classified under MISCELLANEOUS METAL ORES [1090].
When is Yinfu Gold Corp.'s fiscal year end?
Yinfu Gold Corp.'s fiscal year ends on March 31.
What was the company's revenue for the nine months ended December 31, 2023?
The provided text shows revenue for the nine months ended December 31, 2024, but not for the same period in 2023.
What is the company's business address?
The business address is SUITE 2313, DONGFANG SCIENCE AND TECHNOLOGY MANSION, NANSHAN DISTRICT, SHENZHEN, F4 518000.
Filing Stats: 4,475 words · 18 min read · ~15 pages · Grade level 17 · Accepted 2025-02-14 08:07:20
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share ELRE OTC Market Indicate
Filing Documents
- yinfu_10q.htm (10-Q) — 468KB
- yinfu_ex311.htm (EX-31.1) — 10KB
- yinfu_ex312.htm (EX-31.2) — 10KB
- yinfu_ex321.htm (EX-32.1) — 6KB
- 0001640334-25-000260.txt ( ) — 2284KB
- yinfu-20241231.xsd (EX-101.SCH) — 25KB
- yinfu-20241231_lab.xml (EX-101.LAB) — 148KB
- yinfu-20241231_cal.xml (EX-101.CAL) — 32KB
- yinfu-20241231_pre.xml (EX-101.PRE) — 123KB
- yinfu-20241231_def.xml (EX-101.DEF) — 48KB
- yinfu_10q_htm.xml (XML) — 210KB
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS This Form 10-Q for the period ended December 31, 2024 contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document include, among others, statements regarding our capital needs, business plans and expectations. Such forward-looking statements involve assumptions, risks and uncertainties regarding, among others, the success of our business plan, availability of funds, government regulations, operating costs, our ability to achieve significant revenues, our business model and products and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. In evaluating these statements, you should consider various factors, including the assumptions, risks and uncertainties set forth in reports and other documents we have filed with or furnished to the SEC. These factors or any of them may cause our actual results to differ materially from any forward-looking statement made in this document. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events, our actual results will likely vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. The forward-looking statements in this document are made as of the date of this document and we do not intend or undertake to update any of the forward-looking statements to conform these statements to actual results, except as required by applicable law, including the securities laws of the United States. 2 TABLE OF CONTENT
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 4 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 20 Item 4.
Controls and Procedures
Controls and Procedures 20
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 21 Item 1A.
Risk Factors
Risk Factors 22 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22 Item 3. Defaults upon Senior Securities 22 Item 4. Mine Safety Disclosures 22 Item 5. Other Information 22 Item 6. Exhibits 23 Index to Exhibits 23
SIGNATURES
SIGNATURES 24 3 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements YINFU GOLD CORPORATION UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS December 31, March 31, 2024 2024 (Unaudited) (Audited) ASSETS Current Assets Cash and cash equivalents $ 945 $ 488 Other receivables 11,377 10,636 Total current Assets 12,322 11,124 Non-current assets Operating lease right of use asset, net - noncurrent 11,308 14,736 Total non-current assets 11,308 14,736 Total Assets 23,630 25,860 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Short-term loan - related party 279,563 281,813 Accrued interest - related party 437 439 Operating lease liabilities - current 4,304 3,785 Due to related party 2,122,516 2,096,315 Other payable 262,828 259,911 Total Current Liabilities 2,669,648 2,642,263 Non-current liabilities Operating lease liabilities - noncurrent 10,873 14,274 Total Non-current Liabilities 10,873 14,274 Total Liabilities 2,680,521 2,656,537 Stockholders' Deficit Common stock, ($ 0.001 par value, 3,000,000,000 shares authorized, 121,983,993 shares issued and outstanding as of December 31, 2024 and March 31, 2024) 121,984 121,984 Additional paid-in capital 7,934 7,934 Accumulated deficit ( 2,870,815 ) ( 2,838,014 ) Accumulated other comprehensive loss 84,006 77,419 Total Stockholders' Deficit ( 2,656,891 ) ( 2,630,677 ) Total Liabilities and Stockholders' Deficit $ 23,630 $ 25,860 See Notes to the Unaudited Condensed Consolidated Financial Statements. 4 Table of Contents YINFU GOLD CORPORATION UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For Three Months Ended December 31, For Nine Months Ended December 31, 2024 2023 2024 2023 Revenue,net $ - - - - Total revenue - - - - Cost of revenue - - - - Gross profit - - - - OPERATING EXPENSES: General and administrative 11,905 10,345 34,