Intelligent Hotel Group Ltd. SEC 10-Q Report
Okuma süresi: 1 dakika
Intelligent Hotel Group Ltd., formerly known as YCQH Agricultural Technology Co., Ltd, has released its Form 10-Q report for the first quarter of 2025. The report highlights significant changes in the company's business operations and financial performance, reflecting a strategic shift and the suspension of previous business segments. The company is currently exploring new strategic opportunities to align with its long-term growth objectives.
Financial Highlights
- Total Revenue: $0, reflecting a complete suspension of all business segments compared to $242,721 in the prior year.
- Gross Profit: $0, compared to $176,350 in the prior year, due to the cessation of all business operations.
- Operating Income (Loss): $(6,934), a decline from an operating profit of $106,920 in the prior year, primarily due to the absence of revenue.
- Net Income (Loss): $(6,934), compared to a net income of $106,988 in the prior year, reflecting the impact of discontinued operations.
- Net Loss Per Share, Basic and Diluted: No specific amount provided, but the weighted average number of common shares outstanding remained at 101,400,000.
Business Highlights
- Business Transition: Intelligent Hotel Group Ltd has ceased operations in its previous business segments, including bio-carbon-based fertilizer trading, online retailing, and beauty products trading. The company is actively evaluating potential acquisition targets and strategic business opportunities to align with its long-term growth objectives.
- Operational Performance: For the three months ended March 31, 2025, the company did not generate any revenue, reflecting the suspension of all its business segments. This marks a significant change from the same period in 2024, where revenue was generated from online retailing and beauty products trading.
- Geographical Performance: The company’s operations were primarily conducted in China, with no revenue generated in the United States during the reporting period. This highlights a shift in focus as the company evaluates new strategic directions.
- Future Outlook: The company is exploring strategic alternatives, including potential acquisitions, business combinations, or new commercial ventures, to develop a sustainable business model. The focus is on identifying and acquiring or partnering with a target business that offers sustainable value and future expansion potential.
SEC Filing: Intelligent Hotel Group Ltd. [ YCQH ] - 10-Q - Jul. 17, 2025