YCQH Agricultural Technology Co. Ltd. Files 2023 Annual Report

TL;DR

<b>YCQH Agricultural Technology Co. Ltd. has filed its 2023 10-K report, detailing its financial performance and operations.</b>

AI Summary

YCQH Agricultural Technology Co. Ltd (ZHJD) filed a Annual Report (10-K) with the SEC on April 16, 2024. YCQH Agricultural Technology Co. Ltd. filed its 10-K report for the fiscal year ending December 31, 2023. The company is incorporated in Nevada and operates in the Agriculture Chemicals sector. Key dates include the fiscal year end of December 31, 2023, and the filing date of April 16, 2024. The report covers financial data for the fiscal years 2023, 2022, and 2021. The company's business and mailing address is located in Chengdu, Sichuan Province, China.

Why It Matters

For investors and stakeholders tracking YCQH Agricultural Technology Co. Ltd, this filing contains several important signals. This filing provides a comprehensive overview of the company's financial health and strategic direction for the past fiscal year. Investors and stakeholders can use this report to assess the company's performance, risks, and future prospects in the agricultural technology sector.

Risk Assessment

Risk Level: medium — YCQH Agricultural Technology Co. Ltd shows moderate risk based on this filing. The company operates in the Agriculture Chemicals sector, which can be subject to regulatory changes and market volatility. Specific financial performance data is not detailed in the provided header information, making a precise risk assessment difficult.

Analyst Insight

Review the full 10-K filing to understand YCQH Agricultural Technology Co. Ltd.'s financial performance, operational risks, and strategic initiatives for 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Report period)
• 2024-04-16 — Filing Date (Date of submission)
• 2023 — Fiscal Year (Primary reporting year)
• 2022 — Previous Fiscal Year (Comparative year)
• 2021 — Prior Fiscal Year (Comparative year)

Key Players & Entities

• YCQH Agricultural Technology Co. Ltd. (company) — Filer name
• 0001794276 (company) — Central Index Key
• NV (company) — State of Incorporation
• Chengdu, Sichuan Province (company) — Business Address City, State
• 8602883232517 (company) — Business Phone
• 2023-12-31 (date) — Fiscal Year End
• 2024-04-16 (date) — Filing Date
• 2870 (industry) — Standard Industrial Classification

FAQ

Risk Factors

• Product Concentration Risk [high — market]: The company faces risk due to reliance on a single customer for sales revenue.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for financial statements.
• 2024-04-16: Filing Date — Date the 10-K report was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document filed by YCQH Agricultural Technology Co. Ltd. for its annual reporting.)

Key Financial Figures

• $0.0001 — nding at March 30, 2024 Common Stock, $0.0001 par value 101,400,000 TABLE OF CONT
• $0 — " refers to the common stock, par value $0.001, of the Company; "U.S. dollar," "
• $10 — re, to Ms. Wang Min in consideration of $10. The $10 in proceeds went to the Compan
• $4,990 — re, to Ms. Wang Min in consideration of $4,990. The $4,990 in proceeds went to the Com
• $0.001 — of common stock at a purchase price of $0.001 per share. The $40,000 in proceeds went
• $40,000 — purchase price of $0.001 per share. The $40,000 in proceeds went to the Company to be u
• $1 — , from Ms. Wang Min in consideration of $1. In the same day YCQH Seychelles acquir
• $13 — of HKD100 (equivalent to approximately $13 as of the date of this Registration Sta
• $165,605 — ideration of CNY 1,169,996 (approximate $165,605) with carrying value on book of CNY 1,1
• $165,401 — e on book of CNY 1,168,554 (approximate $165,401) from a third party. The premium was ac
• $68,931 — ent capital of CNY 500,000 (approximate $68,931). On September 25, 2023, the Company
• $0.01 — a consideration of CNY 0.1 (approximate $0.01). After the disposal of XMYC, the Compa
• $40 — ice department employee, in the form of $40 travelling allowance per month and a $4
• $5.00 — ty that has a market price of less than $5.00 per share. Our Common Stock, when and i
• $1,000,000 — enerally those with assets in excess of $1,000,000, or annual incomes exceeding $200,000 i

Filing Documents

• form10-k.htm (10-K) — 929KB
• ex31-1.htm (EX-31.1) — 22KB
• ex32-1.htm (EX-32.1) — 11KB
• form10-k_001.jpg (GRAPHIC) — 58KB
• form10-k_002.jpg (GRAPHIC) — 90KB
• 0001493152-24-014769.txt (&nbsp;) — 5176KB
• ycqh-20231231.xsd (EX-101.SCH) — 40KB
• ycqh-20231231_cal.xml (EX-101.CAL) — 47KB
• ycqh-20231231_def.xml (EX-101.DEF) — 99KB
• ycqh-20231231_lab.xml (EX-101.LAB) — 308KB
• ycqh-20231231_pre.xml (EX-101.PRE) — 246KB
• form10-k_htm.xml (XML) — 740KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 8 Item 1C. Cybersecurity 8 Item 2

Properties

Properties 8 Item 3.

Legal Proceedings

Legal Proceedings 8 Item 4. Mine Safety Disclosures 8 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 9 Item 6. Reserved 11 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 14 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 15 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 32 Item 9A.

Controls and Procedures

Controls and Procedures 32 Item 9B. Other Information 33 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 33 PART III Item 10. Directors, Executive Officers and Corporate Governance 34 Item 11.

Executive Compensation

Executive Compensation 36 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 37 Item 13. Certain Relationships and Related Transactions, and Director Independence 38 Item 14. Principal Accounting Fees and Services 38 PART IV Item 15. Exhibits and Financial Statement Schedules 39 Item 16. Form 10-K Summary 39

SIGNATURES

SIGNATURES 40 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements. These forward-looking statements are not historical facts but rather are based on current expectations, estimates and projections. We may use words such as "anticipate," "expect," "intend," "plan," "believe," "foresee," "estimate" and variations of these words and similar expressions to identify forward-looking statements. These statements are not guarantee of future performance and are actual results to differ materially from those expressed or forecasted. These risks and uncertainties include the following: The availability and adequacy of our cash flow to meet our requirements; Economic, competitive, demographic, business and other conditions in our local and regional markets; Changes or developments in laws, regulations or taxes in our industry; Actions taken or omitted to be taken by third parties including our suppliers and competitors, as well as legislative, regulatory, judicial and other governmental authorities; Competition in our industry; The loss of or failure to obtain any license or permit necessary or desirable in the operation of our business; Changes in our business strategy, capital improvements or development plans; The availability of additional capital to support capital improvements and development; and Other risks identified in this report and in our other filings with the Securities and Exchange Commission or the SEC. This report should be read completely and with the understanding that actual future results may be materially different from what we expect. The forward-looking statements included in this report are made as of the date of this report and should be evaluated with consideration of any changes occurring after the date of this Report

Business

Business Model The Company previously sources all supply of BCBF from an independent single supplier and doesn't have any definitive plan to continue to source from such supplier or any other alternative. The Company believes current stock level is sufficient to cover next 12 months sales demand. The Company adopts what is commonly referred to as a virtual network business structure, as the Company only maintains internal procurement, sales and marketing, operational, accounting and finance functions. We rely entirely on an independent third party for other crucial functions, such as production and packaging, storage, courier inward and outward. It is our belief that this business structure empowers the Company with a higher degree of flexibility to exploit market opportunity, but it is also difficult to ascertain the quality of BCBF sourced and stored externally. Confidentiality of information, such as the identity of customers, is also at risk because such information is shared amongst designated warehouses, the responsibility of which is discussed below. Procurement Order and Courier Inward As per our practices with previous supplier, the Company, through subsidiary SCQC, has prepaid a mutually agreed upon deposit to the supplier. Upon placing an order with the supplier, they will either move to production of the requested BCBF or, if stock is readily available, they will ship the requested amount to designated warehouse operate and owned by third party (herein referred as the "Warehouser"). Shipment costs are borne solely by SCQC, while any remaining outstanding payable balance to supplier, if not covered by the deposit to the supplier, shall be settled upon arrival of products. The Company believes, for future procurement with alternate supplier is highly likely to follow this pattern of procurement order. Storage, Dispatch Order and Courier Outward Upon the arrival of BCBF, Warehouser shall examine the condition and quantity of BCBF based upon

View Full Filing

View this 10-K filing on SEC EDGAR