RBTK
Zhen Ding Resources Inc.4.1000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
454.97MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Zhen Ding Resources swung to a net income of $591,945 for the six months ended June 30, 2025, up from a $289,815 loss a year earlier, driven by a $874,330 gain on debt extinguishment that offset $35,461 in general and administrative expenses and $246,924 in interest costs—while the operating loss narrowed 14.1% year-over-year to $35,461. No revenue materialized as the China-based mineral processing plant remains idled since 2017 due to funding shortages, with the Q2 net loss of $141,277 easing 6% from last year's $150,243 amid lower expenses. Cash climbed to $18,352 from $1,977 at year-end, fueled by $118,725 in operating inflows, yet total liabilities hover at $10.5M including $3.3M in related-party short-term debt at 15% rates, underscoring persistent liquidity strains. The joint venture partner's bankruptcy resolved via share transfer to its CEO in February 2025, preserving operations. Cash is king here.
10-Q
Q1 FY2025 results
Zhen Ding Resources swung to a net income of $733,222 in Q1 FY2025 ended March 31, 2025, up from a $139,572 loss a year earlier, thanks to a $874,961 gain on extinguishing related-party debt tied to its joint venture partner's bankruptcy settlement. Operating loss narrowed slightly to $17,382 from $14,797, with no revenue as the China ore-processing plant remains idled since 2017 due to capital shortages. Cash climbed to $26,215, fueled by $141,211 from operations, while total short-term debt held at $3.4M, mostly to insiders at 15% rates, and the working capital deficit eased to $10.3M. The joint venture's 30% stake transferred to CEO Wei De Gang in February 2025, preserving operations without disruption. Debt forgiveness turned the tide. Yet regulatory hurdles block access to higher-grade ore veins.
10-K
FY2024 results
Zhen Ding Resources Inc. reported a narrowed net loss of $1.1 million for FY2024 ended December 31, 2024, down 11% from $1.25 million in 2023, driven by lower general and administrative expenses of $605,032 versus $749,021 prior year, while interest expenses held steady at $501,273. No revenue was generated as the mineral processing plant in China remains idled since 2015 due to permitting delays and insufficient capital, with operations focused on environmental compliance and financing pursuits. Cash dwindled to $1,977 from $6,293, exacerbating a $10.9 million working capital deficit, funded by $105,475 in related-party loans. No dividends or buybacks occurred; capex stayed nil. Management eyes $3.35 million in funding to restart milling, but no commitments surfaced. Yet permitting hurdles persist.
8-K
Auditor dismissal and replacement
Zhen Ding Resources Inc. dismissed TPS Thayer, LLC as its independent auditor on January 26, 2025, and engaged HTL International, LLC as replacement, with the board's approval. TPS's prior reports on 2023 and 2022 financials were clean except for going-concern warnings and no disagreements arose, though material weaknesses in account reconciliations and accuracy persisted. No prior consultations with HTL occurred. This switch addresses audit gaps amid ongoing viability concerns.
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