CHINA FOODS HOLDINGS LTD
0.6639+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · CFOO · USD
Key Stats
Market Cap
13.45MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
China Foods Holdings Ltd. posted Q2 revenue of $142.2K, up sharply from $3.8K a year ago, driven by healthcare product sales in China, though gross margins slipped to 10.9% from 60.9% amid higher costs. Operating loss narrowed to $97.4K from $108.8K, but net loss held at $97.4K after minimal other income; YTD, revenue hit $142.3K versus $27.6K last year, with net loss widening to $200.9K from $170.0K as expenses rose. Cash climbed to $63.6K, fueled by $216.5K in related-party advances offsetting $186.6K operating burn, while customer deposits fell $96.1K. No debt or free cash flow disclosed in the 10-Q. Revenue hinges on two customers. Yet losses persist.
10-Q
Q1 FY2025 results
China Foods Holdings Ltd. saw revenue plummet to $41 from $23,866 year-over-year for Q1 FY2025 ended March 31, 2025, all from healthcare products in China, while wine sales vanished amid operational adjustments. Gross profit shrank to $25 with a 61% margin, down from 75%, yet operating losses widened to $103.7K from $77.5K as expenses climbed 8.7% to $103.8K, driven by general inflation. Net loss hit $103.6K or $(0.01) per share, confirmed against 20.3M diluted shares with no anti-dilution. Cash dipped to $23.6K, offset by $85.9K in related-party advances, leaving liquidity tight but supported by shareholder commitments. No free cash flow disclosed in the 10-Q. Regulatory risks from China's evolving rules loom large.
10-K
FY2024 results
China Foods Holdings Ltd. posted FY2024 revenue of $233K, up 47% y/y from $158K in 2023, fueled by healthcare product sales surging to $106K from a mere $3K while wine dipped to $108K from $139K; gross profit slipped to $54K from $64K as costs climbed to 77% of sales, mainly from healthcare margins. The net loss widened to $456K from $404K, driven by G&A expenses jumping 8% to $503K on travel and vehicle costs, with no Q4 breakdowns disclosed in the 10-K. Cash drained to $39K amid $354K operating outflows, offset by $246K in related-party advances; no dividends or buybacks occurred. Momentum stalled without quarterly trends, but healthcare's leap signals potential acceleration. Uncertainties in PRC regulations could jolt operations anytime.
10-Q
Q3 FY2024 results
China Foods Holdings Ltd. posted Q3 revenue of $22.4K, up sharply from $5.3K a year ago, driven by wine sales that hit $22.2K versus $2.7K prior, though healthcare products dipped to $0.3K from $2.6K. Gross profit shrank to $1.3K from $3.7K, with margins contracting to 5.9% from 69.4% due to higher procurement costs outpacing volume gains. Operating loss narrowed slightly to $110.7K from $113.6K, while net loss widened to $127.2K from $113.6K, the gap stemming from $16.5K in prior-year tax catch-up. YTD revenue doubled to $50.0K from $24.3K, trimming net loss to $297.1K from $355.1K. Cash dipped to $65.6K amid $201.7K operating burn, offset by $104.1K from related parties; free cash flow not disclosed in the 10-Q. Wine now dominates, but customer concentration risks persist.
8-K
Auditor change disclosed
China Foods Holdings Ltd. dismissed Olayinka Oyebola & Co. as its independent auditor on September 30, 2024, and engaged J&S Associate PLT on October 17, 2024, with board approval. No disagreements arose on accounting principles, auditing scope, or financial disclosures during the prior year or interim period. The switch ensures seamless compliance. Clean transition, no red flags.
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