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Yinfu Gold Corporation (ELRE) |
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Price: $0.1201
$-0.10 
-45.409%
|
| Day's High:
| $0.1201
| Week Perf:
| -88.78 %
|
| Day's Low: |
$ 0.12 |
30 Day Perf: |
|
| Volume (M): |
0 |
52 Wk High: |
$ 1.07 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$0.69 |
| Open: |
$0.12 |
52 Wk Low: |
$0.12 |
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| Market Capitalization (Millions $) |
15 |
| Shares
Outstanding (Millions) |
122 |
| Employees |
4 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
0 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Yinfu Gold Corporation
The Company was originally incorporated under the laws of the State of Wyoming
as Ace Lock & Security, Inc. The Company was established as an exploration
stage company engaged in the search for commercially viable minerals. We no
longer pursue opportunities related to the exploration of minerals. Our name
change to Yinfu Gold Corporation, as filed with the State of Wyoming on November
18, 2010, signified that we have commenced working toward a major change in
our business plan and business model.
Effective November 20, 2014, the Company executed a Sale and Purchase Agreement
(the "Agreement") to acquire 100% of the shares and assets of China
Enterprise Overseas Investment & Finance Group Limited ("CEI").
Pursuant to the agreement, the Company has agreed to issue 800 million restricted
common shares of the Company to the owners of CEI.
Dahua Online Shopping Mall (http://www.dahuacheng.com) is an online shopping
platform in the China market with two mainstream e-commerce models: business
to business (B2B) and business to consumer (B2C). There are over 3,000 suppliers
in China, which provide an online listing of millions of commodities. The real-time
payment system of Dahua is convenient, safe and fast.
Dahua Online Shopping Mall has registered 31 million members as of November
17, 2014.
Pursuant to the Agreement, on or before January 1, 2015, CEI was to deliver
to the Company, duly authorized, properly and fully executed documents in English,
evidencing and confirming the sale of 100% of the shares of CEI and its assets,
specifically detailing the assets and an asset valuation prepared by an independent
professionally qualified valuator. The valuation report was received by the
Company on January 28, 2015.
Additionally, the Agreement stated that both parties agreed that all the shares,
pursuant to the terms and conditions of the agreement, shall be issued as soon
as practicable following the signing of the agreement, but all the shares so
issued were to be held in escrow until all terms and conditions are fulfilled.
As of the date of this filing, the various terms and conditions of the Agreement
have been fulfilled on January 28, 2015, therefore, the share certificates representing
the shares have been issued in the names of the CEI shareholders and the Agreement
between the Company and CEI was closed on January 28, 2015.
On February 6, 2015, the Company signed a Sale and Purchase Agreement to acquire
100% of the shares and assets of Eternal Fairy International Ltd., ("EFI"),
a British Virgin Islands corporation. Pursuant to the Agreement, the Company
agreed to issue 1,200,000,000 (1.2 billion) restricted common shares of the
Company to the shareholders of EFI. EFI which in turn owns Dongguan YouDai Financial
Information Services Co., Ltd ("DYD"), a company incorporated in the
Peoples Republic of China (the "PRC"). DYD is a company that focuses
on peer-to-peer ("P2P") lending services. DYD provides a platform
that matches lenders directly with the borrowers and charges a commission fee.
Through our P2P platform, lenders can earn higher returns compared to savings
and investment products offered by banks, where borrowers can borrow money at
lower interest rates.
Company Address: Suite 2313 Shenzhen 518000
Company Phone Number: 8316-0998 Stock Exchange / Ticker: ELRE
| ELRE is expected to report next financial results on November 13, 2023. |
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Customers Net Income fell by |
ELRE's Customers Net Profit Margin fell to |
-66.36 % |
5.11 %
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| Stock Performances by Major Competitors |
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Goldrich Mining Company
As the Metal Mining sector experts delve into the financial results of the first quarter of 2023, they have discovered a noteworthy operating shortfall of $-0.161695 million from Goldrich Mining Company (GRMC). Although no revenues were reported, the experts view this as encouraging news, especially when compared to the operating shortfall of $-0.202357 million in Q1 2022. These positive developments have sparked optimism among investors, indicating that GRMC could be heading in the right direction.
Enhanced Quarter Performance:
Despite GRMC's lack of revenue disclosure, the Q1 2023 financial reporting period reflects significant progress. The operating shortfall has decreased from $-0.202357 million in the previous year to $-0.161695 million in the current quarter. This improvement demonstrates GRMC's commitment to reducing costs and enhancing operational efficiency.
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Star Gold Corp
In financial news, Star Gold Corp has reported its financial results for the period of February to April 30, 2023. The company has reached break-even with earnings per share of $0.00, which is the same as the previous year's figure. This is also an improvement compared to the previous reporting season.
One notable achievement for Star Gold Corp is its strong revenue growth. The company recorded revenue of $0.00 million during the February to April 30, 2023 period, which is a significant increase from $0.00 million in the same period last year. This sequential growth in revenue is also commendable as most of its peers in the Metal Mining sector experienced a contraction in their top-line figures during the same period.
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Silver Bull Resources Inc
Exciting Developments and Promising Prospects for Silver Bull Resources Inc.
Despite a rather eventful earnings season from May to July 2023, shareholders of Silver Bull Resources Inc. did not expect any major shifts in the company's performance. However, one specific area of concern has caught their attention?the operating loss of SVBL, which reached $-0.478612 million during this period. While the loss has indeed grown since the third quarter of 2022, when it stood at $-0.316251 million, market participants are optimistic about the potential for a significant revenue turnaround.
Anxiously awaiting the next steps, investors and analysts alike have their eyes fixed on the Metal Mining company to see if it can reverse this trend and potentially shift the narrative towards a more positive trajectory. Recognizing this opportunity, the CFO is actively exploring multiple financial plans to ensure a stable and thriving business operation.
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Contango Ore Inc
Despite facing significant challenges in the past financial period, Contango Ore Inc is positioned for a bullish future. The Metal Mining company, although reporting a net shortfall of $-10.416 million in the April to June 30, 2023 financial span, has made strides in increasing its revenue. With a disclosed revenue of $0.438908 million during the same period, Contango Ore Inc showcases its ability to generate positive financial results.
In comparison to the previous year, the net shortfall has widened from $-7.294 million to $-10.416 million. However, it is important to note that this increase can largely be attributed to the Metal Mining company's strategic investments and initiatives to strengthen its position in the market. By investing heavily in innovative technologies and operational efficiencies, Contango Ore Inc is solidifying its future growth potential.
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Mesabi Trust
Mesabi Trust, a metal mining company, has shown positive growth and improvement in its financial performance for the fiscal interval closing on July 31, 2023. The company has reported profits of $0.70 per share, a significant increase compared to the negative earnings of $-0.37 per share in the same quarter a year before. This demonstrates a positive turnaround for Mesabi Trust, as the company has been able to generate profits and improve its financial position.
In the prior quarter, Mesabi Trust realized earnings of $0.08 per share, indicating a substantial growth in EPS by 797.31%. Additionally, the company's revenue has more than doubled, with a growth rate of 434.886% from $1.85 million in the prior quarter. This surge in revenue is a positive sign for Mesabi Trust, suggesting increased demand and improved sales performance.
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| Per Share |
Current |
| Earnings (TTM) |
-0.06 $ |
| Revenues (TTM) |
0 $
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| Cash Flow (TTM) |
- |
| Cash |
-
|
| Book Value |
-
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| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-0.06 $
|
| Revenues (TTM) |
0 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
|
| Book Value |
- |
| Dividend (TTM) |
0 $ |
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|
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0.67%