Intelligent Hotel Group Ltd
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsA Nevada shell company that has ceased operations across its former businesses and is now seeking acquisition targets to reposition itself.
What they do
Intelligent Hotel Group Ltd (formerly YCQH Agricultural Technology Co., Ltd) has exited its historical bio-carbon-based fertilizer trading, online retail, and beauty products trading businesses. The company did not own production facilities for its former BCBF business. As of the most recent filing, it has ceased all operations and is actively evaluating potential acquisition targets and strategic opportunities.
Revenue drivers
- Discontinued business lines — Revenue historically came from BCBF trading, online retail (daily use products), and beauty products trading, all of which have been ceased as of the report date.
Recent performance
The company reported annual revenue of $246,466 for 2024, down from $510,235 in 2023. Net income was a loss of $59,275 in 2024 compared to a profit of $9,989 in 2023. Operating cash flow was negative $116,070 in 2024. In Q2 2024, revenue collapsed to $2,539 from $242,721 in Q1 2024, reflecting the cessation of operations. As of September 30, 2025, total assets were $919, total liabilities $11,749, and shareholders' equity was negative $10,830.
Strategy
Management has ceased all former operations and is now focused on identifying and acquiring or partnering with a target business that offers sustainable value and future expansion potential. The company is 'actively evaluating potential acquisition targets and strategic business opportunities' to find a new direction aligned with long-term growth objectives. No specific target or sector has been disclosed.
Risks
- No current operations — The company has no active business, generating no revenue from any ongoing operations, making future viability entirely dependent on an acquisition.
- Negative shareholders' equity — As of September 30, 2025, shareholders' equity was -$10,830, signaling financial distress and potential going-concern issues.
- Tiny asset base — With $906 in cash and $919 in total assets, the company likely lacks the resources to fund a meaningful acquisition without additional financing.
- History of business discontinuations — The company has exited three different business lines (BCBF, online retail, beauty products) in a short period, raising questions about management's ability to execute a successful pivot.
Outlook
Management has not provided specific financial guidance. The company remains focused on finding an acquisition or partnership to reposition itself. Given the lack of operations and minimal cash, the immediate outlook is highly uncertain and dependent on external strategic opportunities.