YIJIA GROUP CORP. Files 2024 Annual Report

TL;DR

YIJIA GROUP CORP. filed its 2024 10-K. Wholesale apparel biz. NV incorporated.

AI Summary

YIJIA GROUP CORP. filed its annual 10-K report for the fiscal year ending April 30, 2024. The company, previously known as Soldino Group Corp., is incorporated in Nevada and operates in the wholesale apparel sector. Its principal business address is in New York, NY.

Why It Matters

This filing provides a comprehensive overview of YIJIA GROUP CORP.'s financial performance and operational status for the fiscal year 2024, which is crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance details or forward-looking statements that would indicate a high risk.

Key Players & Entities

• YIJIA GROUP CORP. (company) — Filer and subject of the 10-K report.
• Soldino Group Corp. (company) — Former name of YIJIA GROUP CORP.
• 20240430 (date) — Conformed period of report for the 10-K.
• 20240729 (date) — Filing date of the 10-K.
• NV (location) — State of incorporation for YIJIA GROUP CORP.
• New York, NY (location) — Business and mail address of YIJIA GROUP CORP.

FAQ

Key Financial Figures

• $0.001 — had 25,012,270 shares of common stock, $0.001 par value, issued and outstanding. DO
• $0.05 — ares of common stock at a cash price of $0.05 per share for the total proceeds of $95
• $957,051 — .05 per share for the total proceeds of $957,051 in the private placement. Shares to be
• $470,562 — y 2, 2023, for a total consideration of $470,562, derived from the purchaser's personal
• $0 — tered shares of common stock, par value $0.001, with a total of ten (10) investors
• $957,051 b — y raised an aggregate gross proceeds of $957,051 by selling and issuing 19,141,020 shares
• $570,694 — rs. Revenue We generated revenues of $570,694 and $38,000 for the years ended April 3
• $38,000 — We generated revenues of $570,694 and $38,000 for the years ended April 30, 2024 and
• $532,694 — Our revenue significantly increased by $532,694, or 1,402% due to the business growth o

Filing Documents

• yijia_i10k-043024.htm (10-K) — 694KB
• yijia_ex2101.htm (EX-21.1) — 2KB
• yijia_ex3101.htm (EX-31.1) — 9KB
• yijia_ex3102.htm (EX-31.2) — 10KB
• yijia_ex3201.htm (EX-32.1) — 5KB
• image_001.jpg (GRAPHIC) — 9KB
• image_002.jpg (GRAPHIC) — 21KB
• image_003.jpg (GRAPHIC) — 11KB
• 0001683168-24-005110.txt ( ) — 4024KB
• yjgj-20240430.xsd (EX-101.SCH) — 33KB
• yjgj-20240430_cal.xml (EX-101.CAL) — 39KB
• yjgj-20240430_def.xml (EX-101.DEF) — 96KB
• yjgj-20240430_lab.xml (EX-101.LAB) — 253KB
• yjgj-20240430_pre.xml (EX-101.PRE) — 225KB
• yijia_i10k-043024_htm.xml (XML) — 496KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 3 Item 1B. Unresolved Staff Comments 3 Item 1C. Cybersecurity 3 Item 2.

Properties

Properties 3 Item 3.

Legal Proceedings

Legal Proceedings 3 Item 4. Mine Safety Disclosures 3 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 4 Item 6. [Reserved] 5 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operation

Management's Discussion and Analysis of Financial Condition and Results of Operation 5 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 12 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 12 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 13 Item 9A.

Controls and Procedures

Controls and Procedures 13 Item 9B. Other Information 14 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 14 PART III Item 10. Directors, Executive Officers and Corporate Governance 15 Item 11.

Executive Compensation

Executive Compensation 17 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 19 Item 13. Certain Relationships and Related Transactions, and Director Independence 19 Item 14. Principal Accountant Fees and Services 20 PART IV Item 15. Exhibit and Financial Statement Schedules 21 Item 16. Form 10-K Summary 21

SIGNATURES

SIGNATURES 22 i In this Annual Report on Form 10-K (this "Annual Report"), unless otherwise stated or as the context otherwise requires, references to "Yijia Group Corp.," "Yijia," "YJGJ," the "Company," "we," "us," "our" and similar references refer to Yijia Group Corp., a Nevada corporation. Our logo and other trademarks or service marks of the Company appearing in this Annual Report are the property of Yijia Group Corp. This Annual Report also contains registered marks, trademarks and trade names of other companies. All other trademarks, registered marks and trade names appearing in this Annual Report are the property of their respective holders. CAUTIONARY NOTE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this Annual Report includes some statements that are not purely historical and that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward-looking market and statements regarding our mission and vision. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You can generally identify forward-looking "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions, or the negatives of such terms, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements

Forward-looking statements involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking assumptions. Our expectations, beliefs and forward-looking statements are expressed in good faith on the basis of management's views and assumptions as of the time the statements are made, but there can be no assurance that management's expectations, beliefs or projections will result or be achieved or accomplished. In addition to other factors and matters discussed elsewhere herein, the following are important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements: technological advances, impact of competition, dependence on key personnel and the need to attract new management, effectiveness of cost and marketing efforts, acceptances of products, ability to expand markets and the availability of capital or other funding on terms satisfactory to us. We disclaim any obligation to update forward-looking statements to reflect events or circumstances after the date hereof. For a discussion of the risks, uncertainties, and assumptions that could affect our future events, developments or results, you should carefully review the " Risk Factors " set forth under "Item 1. Business" below. In light of these risks, uncertainties and assumptions, the future events, developments or results described by our forward-looking statements herein could turn to be materially different from those we discuss or imply. ii PART I

Business

Item 1. Business. The Company was incorporated on January 25, 2017 under the laws of the State of Nevada. On November 15, 2018, the Company changed its name to Yijia Group Corp. The Company is in good standing in the State of Nevada and in any jurisdiction where it is qualified to do business. Starting from July 30, 2021, the Company commenced its operation in the rendering of business consulting service to domestic and international customers. The Company provides consulting services to its clients with regards to funding and other financial matters. On November 9, 2023, the Company founded Nutripeak Trading Corporation, a wholly owned subsidiary incorporated in Nevada. Nutripeak Trading Corporation was established with the purpose of marketing and supplying healthcare products. Corporate Organization Chart Our products Our core products are anti-aging products that increase NAD+ levels. By boosting NAD+ levels, these products can promote anti-aging, enhance energy metabolism, improve cognitive function, and strengthen cellular repair capabilities. 1 Our services In addition to offering anti-aging products, our company provides professional health consultation services. Our health advisors can offer personalized health advice and recommend supplements tailored to each customer's needs. We design customized nutrition and wellness plans based on customers' physical conditions, health goals, and lifestyle habits. Revenue Stream The Company currently earns revenues from the following segments. The Consulting Service Segment mainly provides consulting advisory services in management business, accounting and finance services; and the Healthcare Segment mainly provides healthcare products and health consultation services to customers. Sales and Marketing Our company employs various sales and marketing strategies to promote our anti-aging products. We utilize e-commerce platforms, our own website, brick-and-mortar stores, social media, and direct sale

Risk Factors

Item 1A. Risk Factors. As a "smaller reporting company," as defined by Rule 12b-2 of the Exchange Act, we are not required to provide the information in this Item.

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments. None.

Cybersecurity

Item 1C. Cybersecurity. We acknowledge the increasing importance of cybersecurity in today's digital and interconnected world. Cybersecurity threats pose significant risks to the integrity of our systems and data, potentially impacting our business operations, financial condition and reputation. As a smaller reporting company, we currently do not have formalized cybersecurity measures, a dedicated cybersecurity team or specific protocols in place to manage cybersecurity risks. Our approach to cybersecurity is in the developmental stage, and we have not yet conducted comprehensive risk assessments, established an incident response plan or engaged with external cybersecurity consultants for assessments or services. Given our current stage of cybersecurity development, we have not experienced any significant cybersecurity incidents to date. However, we recognize that the absence of a formalized cybersecurity framework may leave us vulnerable to cyberattacks, data breaches and other cybersecurity incidents. Such events could potentially lead to unauthorized access to, or disclosure of, sensitive information, disrupt our business operations, result in regulatory fines or litigation costs and negatively impact our reputation among customers and partners. We are in the process of evaluating our cybersecurity needs and developing appropriate measures to enhance our cybersecurity posture. This includes considering the engagement of external cybersecurity experts to advise on best practices, conducting vulnerability assessments and developing an incident response strategy. Our goal is to establish a cybersecurity framework that is commensurate with our size, complexity and the nature of our operations, thereby reducing our exposure to cybersecurity risks. In addition, the Board will oversee any cybersecurity risk management framework and a dedicated committee of the Board or an officer appointed by the Board will review and approve any cybersecurity policies, strategies

Properties

Item 2. Properties. Our principal executive offices are located at 39 E Broadway, Suite 603, New York, NY 10002. Our telephone number is (919) 869-0279.

Legal Proceedings

Item 3. Legal Proceedings. We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation, and there are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our Company.

Mine Safety Disclosures

Item 4. Mine Safety Disclosures. Not applicable. 3 PART II

Market for Registrant's Common Equity,

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our common stock is quoted on the Pink Open Market under the symbol "YJGJ." Our common stock is not listed on any national exchange. Over-the-counter market quotations for our common stock reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions. Holders There were 62 holders of the Company's common stock as of July 29, 2024. This figure does not include holders of shares registered in "street name" or persons, partnerships, associates, corporations or other entities identified in security position listings maintained by depositories. Dividends We have not declared any cash dividends on our common stock since our inception and do not anticipate paying any dividends in the foreseeable future. We plan to retain future earnings, if any, for use in our business. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board deems relevant. Securities Authorized under Equity Compensation Plans We do not have any equity compensation plans and, consequently, no shares are authorized for issuance under such a plan. Reports to Stockholders We are currently subject to the information and reporting requirements of the Exchange Act and will continue to file periodic reports, and other information with the SEC. Transfer Agent The transfer agent and registrar for the Company's common stock is Action Stock Transfer Corporation at 2469 E. Fort Union Blvd, Suite 214 Salt Lake City, UT 84121. The telephone number is: (801) 274-1088. Recent Sales of Unregistered Equity Securities Issuance of common stock In January 2024, the Company issued 19,141,020 shares of common stock at a cash price of $0.05 per share for the total proceeds of $957,051 in the private placement. Shares to be i

[Reserved]

Item 6. [Reserved] None.

Management's Discussion and Analysis

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation. The following discussion of our results of operations and cash flows for the years ended April 30, 2024 and 2023, and financial conditions as of April 30, 2024, and 2023 should be read in conjunction with our consolidated financial statements and the related notes included elsewhere in this Form 10-K. Forward looking statement notice or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events. Financial information contained in this report and in our financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles. Corporate Overview The Company was incorporated on January 25, 2017 under the l

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