YIJIA GROUP CORP. Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>YIJIA GROUP CORP. filed its quarterly report (10-Q) for the period ending January 31, 2024, detailing its financial status and operations.</b>

AI Summary

YIJIA GROUP CORP. (VNOV) filed a Quarterly Report (10-Q) with the SEC on March 11, 2024. Filing is a 10-Q for YIJIA GROUP CORP. for the period ending January 31, 2024. The company's fiscal year ends on April 30. Incorporated in Nevada. Business and mailing address is 39 E. Broadway, Ste 603, New York, NY 10002. Business phone number is 919-869-0279.

Why It Matters

For investors and stakeholders tracking YIJIA GROUP CORP., this filing contains several important signals. This filing provides an update on YIJIA GROUP CORP.'s financial performance and operational status for the quarter ending January 31, 2024. Investors and stakeholders can use this report to assess the company's financial health, identify trends, and make informed decisions regarding their investment.

Risk Assessment

Risk Level: low — YIJIA GROUP CORP. shows low risk based on this filing. The filing is a standard 10-Q report with no immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Review the detailed financial statements within the 10-Q to understand YIJIA GROUP CORP.'s revenue, expenses, and overall financial position.

Key Numbers

• 2024-01-31 — Period End Date (Conformed period of report)
• 2024-03-11 — Filing Date (Filed as of date)
• 0430 — Fiscal Year End (Fiscal year end)

Key Players & Entities

• YIJIA GROUP CORP. (company) — Filer name
• 2024-01-31 (date) — Conformed period of report
• 2024-03-11 (date) — Filed as of date
• NV (jurisdiction) — State of incorporation
• 39 E. Broadway, Ste 603 (address) — Business address street 1
• New York (location) — Business address city
• 10002 (postal_code) — Business address zip
• 919-869-0279 (phone_number) — Business phone

FAQ

Industry Context

YIJIA GROUP CORP. operates within the wholesale apparel, piece goods, and notions sector (SIC 5130).

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements for the quarter ending January 31, 2024.
2. Note the company's fiscal year end of April 30.
3. Verify the business and mailing address details.

Year-Over-Year Comparison

This is a 10-Q filing for the period ending January 31, 2024. Specific comparative data from a previous filing is not detailed in this header information.

Key Financial Figures

• $470,562 — y 2, 2023, for a total consideration of $470,562, derived from the purchaser's personal
• $0 — ny's common stock at a consideration of $0 through operation of law. Upon completi
• $0.05 — he "Investors"), at a purchase price of $0.05 per share. This Offering was being cond
• $1 — s of common stock authorized, par value $1 per share 100 % YJGJ and its subsid
• $31,702 — ation allowance at January 31, 2024 was $31,702. The net change in valuation allowance
• $5,681 — nine months ended January 31, 2024 was $5,681. In assessing the realizability of defe

Filing Documents

• yijia_i10q-013124.htm (10-Q) — 317KB
• yijia_ex3101.htm (EX-31.1) — 8KB
• yijia_ex3102.htm (EX-31.2) — 8KB
• yijia_ex3201.htm (EX-32.1) — 4KB
• yijia_ex3202.htm (EX-32.2) — 4KB
• 0001683168-24-001418.txt (&nbsp;) — 1902KB
• yjgj-20240131.xsd (EX-101.SCH) — 16KB
• yjgj-20240131_cal.xml (EX-101.CAL) — 21KB
• yjgj-20240131_def.xml (EX-101.DEF) — 36KB
• yjgj-20240131_lab.xml (EX-101.LAB) — 161KB
• yjgj-20240131_pre.xml (EX-101.PRE) — 132KB
• yijia_i10q-013124_htm.xml (XML) — 157KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of January 31, 2024 (Unaudited) and April 30, 2023 (Audited) 4 Condensed Consolidated Statements of Operations for the Three and Nine Months ended January 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Changes in Stockholders' Equity (Deficit) for the Nine Months Ended January 31, 2024 and 2023 (Unaudited) 6 Condensed Consolidated Statements of Cash Flows for the Six Months ended January 31, 2024 and 2023 (Unaudited) 7 Notes to the Condensed Consolidated Financial Statements (Unaudited) 8 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 13 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 16 Item 4.

Controls and Procedures

Controls and Procedures 16 PART II OTHER INFORMATION : Item 1.

Legal Proceedings

Legal Proceedings 17 Item 1A

Risk Factors

Risk Factors 17 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Mine Safety Disclosures 17 Item 5. Other Information 17 Item 6. Exhibits 17

Signatures

Signatures 18 2 PART 1 – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS The accompanying interim consolidated financial and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations. The interim consolidated financial statements are condensed and should be read in conjunction with the Company's latest annual financial statements. In the opinion of management, the consolidated financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. 3 YIJIA GROUP CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JANUARY 31, 2024 AND APRIL 30, 2023 (Currency expressed in United States Dollars ("US

BUSINESS

BUSINESS Yijia Group Corp. ("the Company" or "YJGJ") was incorporated on January 25, 2017 under the laws of the State of Nevada, United States of America. The Company has currently commenced its operation in the rendering of business consulting service to domestic and international customers. On June 6, 2023, the Company's major shareholder and director, Barry Sytner entered into a securities purchase agreement (the "Securities Purchase Agreement") with Xianchang Ma ("Mr. Ma"), pursuant to which Barry Sytner sold 5,066,250 shares of common stock of the Company to Mr. Ma, constituting approximately 86.3% of the issued and outstanding shares of the Company as of May 2, 2023, for a total consideration of $470,562, derived from the purchaser's personal funds. The Securities Purchase Agreement was closed on June 14, 2023. Following the closing, Mr. Ma acquired a beneficial interest in 5,066,250 shares of common stock of the Company constituting approximately 86.3% of the issued and outstanding shares of the Company as of May 2, 2023 and constituting the change of control of the Company. Pursuant to the Securities Purchase Agreement, Barry Sytner has resigned from all his positions with the Company, and Mr. Ma was appointed as the Chief Executive Officer, President, Chief Financial Officer and Director of the Company, effective June 14, 2023. Mr. Ma passed away on August 3, 2023. On September 12, 2023, Ms. Caihong Qu, Mr. Xianchang Ma's sole heir, was allocated 5,066,250 shares of the Company's common stock at a consideration of $0 through operation of law. Upon completion of this transfer, Ms. Qu possessed 5,066,250 shares of common stock of the Company constituting approximately 86.3 % of the issued and outstanding shares of the Company as of September 12, 2023 and constituting control of the Company at that time. Effective September 13, 2023, the Board comprised Ms. Qiuping Lu and Mr. Ruiming Zhou. Ms. Qiuping Lu was appointed as the Chief Executive Officer, Pres

MANAGEMENT'S DISCUSSION AND ANALYSIS

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis of our results of operations and financial condition should be read together with our unaudited condensed consolidated financial statements and the notes thereto, which are included elsewhere in this report and our Annual Report on Form 10-K for the fiscal year ended April 30, 2023 (the "Annual Report") filed with SEC. Our financial statements have been prepared in accordance with U.S. GAAP. In addition, our financial statements and the financial information included in this report reflect our organizational transactions and have been prepared as if our current corporate structure had been in place throughout the relevant periods. Forward looking statement notice historical 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 rep

View Full Filing

View this 10-Q filing on SEC EDGAR