Mon, Jul 1, 12:56 PM (68 days ago)
DH Enchantment, Inc., a Nevada holding company, operates through its Hong Kong subsidiary, Ho Shun Yi Limited (HSY), primarily distributing COVID-19 rapid antigen tests. For the fiscal year ended March 31, 2024, the company reported a net loss of $156,153, an improvement from the $385,877 loss in the previous year. Revenue significantly dropped to $686 from $15,098, while operating expenses decreased to $144,833 from $158,226. The company’s liquidity remains a concern with current assets of $3,814 and current liabilities of $989,778. The company is heavily reliant on financial support from shareholders and has historically funded operations through equity sales and debt. Future funding is crucial for business continuity, and the company faces significant risks related to regulatory changes in Hong Kong and China, which could impact its operations and financial stability.