Yinfu Gold Corporation

What they do

Yinfu Gold Corporation was incorporated in Wyoming on September 1, 2005 as Ace Lock & Security, Inc. and renamed Yinfu Gold Corporation effective November 18, 2010. It conducts no revenue-generating business currently; it devotes substantial efforts to entering new emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT), but planned principal operations have not yet commenced. The company acquired Hong Kong-based Yinfu Gold International Holdings Limited and its PRC wholly owned foreign enterprise, Yinfu International Holdings Limited, in April 2017 in a transaction accounted for as a business combination under common control.

Revenue drivers

• Internet Technology, AI and IoT applications (planned) — Stated plan of operation targets new emerging application industries, but planned principal operations have not commenced and the company reported $0 revenue in each period presented.
• PRC operations via WOFE — The company holds Yinfu Gold International Holdings Limited (HK) and its PRC subsidiary Yinfu International Holdings Limited (WOFE), acquired in 2017; no revenue has been generated.

Recent performance

For the fiscal year ended March 31, 2026, the company generated $0 in revenues and incurred $147,960 in operating expenses, reporting a net loss of $131,062 compared with net income of $29,444 for fiscal 2025. Operating expenses rose 69% year over year from $87,399 to $147,960, driven mainly by a 115% increase in general and administrative expenses to $97,683. For the three months ended June 30, 2026, the company generated $0 revenue and reported a net loss of $28,493, versus a net loss of $22,360 in the prior-year quarter, with total operating expenses of $32,735. As of June 30, 2026, total assets were $19,296, total liabilities were $703,331, shareholders' equity was negative $684,035, and cash was $2,720. As of March 31, 2026, cash was $822 and total liabilities had increased to $652,856, largely due to $93,222 owed to Mr. Zhang Hong for accumulated salary and a loan.

Strategy

Management states it devotes substantial efforts to entering the Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT) industries, but those planned principal operations have not yet commenced. The company has relied on funding from its director and significant stockholders and on advances from its president, and it states there are no assurances of any future source of funds. Effective May 19, 2025, Mr. Jiang Libin resigned as President, CEO, CFO, Chairman, Treasurer, Secretary and Director, and Mr. Zhang Hong was appointed to those roles; Mr. Zhang Hong had served as a director since December 12, 2015. In February 2023, the company raised $120,000 through a private placement of 120,000,000 common shares to six subscribers, which it said was received as working capital.

Risks

• Going concern and no revenue — The company has no operating revenues, sustained a net loss of $131,062 for the year ended March 31, 2026, and states that if it cannot meet its cash needs it may be forced to cease operations.
• Reliance on related-party funding — The company states it has relied solely upon funding from a director and significant stockholders, and liabilities as of March 31, 2026 included $93,222 owed to Mr. Zhang Hong for an officer loan and accumulated salary.
• PRC regulatory risk — SAFE Circular 37 requires PRC resident shareholders to register their offshore investments with SAFE and update any material change; failure to register could prohibit the PRC subsidiary from distributing profits or capital reduction proceeds.
• Uncommenced business plan — Planned principal operations in Internet Technology, AI and IoT have not commenced, and the company cites risks including limited capital resources, possible delays in developing its own hardware and software, and new regulations.

Outlook

Management states that its planned principal operations in Internet Technology, Artificial Intelligence and the Internet of Things have not yet commenced and that it has not generated enough revenues from operations. The company says it cannot guarantee success, and that if it cannot raise additional capital to maintain operations it may be unable to carry out its full business plan or may be forced to cease operations. No specific timeline, revenue guidance or committed funding for its planned operations is disclosed.