Mon, Jun 30, 5:13 PM (13 days ago)
**Yinfu Gold Corporation (ELRE) - Financial Summary** **Financial Performance:** - **Revenue:** $0 for the year ended March 31, 2025. - **Net Income:** $29,444 for the year ended March 31, 2025, compared to a loss of $65,461 in 2024. - **Operating Expenses:** $87,399 in 2025, up from $82,877 in 2024. - **Earnings per Share:** $0.00 for 2025 and 2024. **Financial Condition:** - **Total Assets:** $22,443 in 2025, down from $25,860 in 2024. - **Total Liabilities:** $517,459 in 2025, significantly reduced from $2,656,537 in 2024. - **Stockholders' Deficit:** $495,016 in 2025, improved from $2,630,677 in 2024. **Cash Flow:** - **Operating Activities:** Cash used in operations was $72,114 in 2025, up from $33,442 in 2024. - **Financing Activities:** Cash provided by financing activities was $80,535 in 2025, up from $31,552 in 2024. **Risk Factors:** - **Going Concern:** The company has substantial doubt about its ability to continue as a going concern due to limited operations and reliance on additional capital. - **Regulatory Risks:** Operating in China exposes the company to complex and evolving regulations, which could impact its business and financial condition. - **Market Risks:** The company's stock is deemed a "penny stock," which may limit its marketability and increase volatility. **Strategic Overview:** - **Business Model:** The company is transitioning from mineral exploration to emerging technologies like AI and IoT. - **Capital Raising:** The company raised $120,000 through a private placement of common shares in 2023. **Future Outlook:** - The company plans to hire up to 20 staff members and rely on independent professionals for auditing and legal requirements. - Continued reliance on additional capital to fund operations and growth. **Market Position:** - The company's stock is traded on the OTCQB under the symbol ELRE. - The stock has experienced significant price fluctuations, with high and low prices ranging from $0.1 to $1.1 over the past two years. **Management Changes:** - Effective May 19, 2025, Mr. Jiang Libin resigned from his positions, and Mr. Zhang Hong was appointed as President, CEO, CFO, and Chairman of the Board of Directors. **Conclusion:** Yinfu Gold Corporation is in a transitional phase, focusing on new technologies while facing significant financial and regulatory challenges. The company's ability to raise additional capital and navigate the complex regulatory environment in China will be crucial for its future success.