Intelligent Hotel Group Ltd., formerly known as YCQH Agricultural Technology Co. Ltd., reported significant financial challenges in its latest 10-Q filing for the third quarter of 2025. The company recorded a net loss of $22,729 for the three months ending September 30, 2025, compared to a loss of $25,222 in the same period of the previous year. For the nine months ended September 30, 2025, the net loss escalated to $181,553, a stark contrast to a net income of $45,622 reported for the same period in 2024. The company has not generated any revenue during these periods, reflecting a complete halt in its operations.
The financial position of Intelligent Hotel Group has deteriorated significantly compared to the previous fiscal period. As of September 30, 2025, total assets were reported at $919,000, a sharp decline from $136,279, while total liabilities decreased to $11,749 from $418,050. The company’s stockholders’ deficit also widened to $10,830 from $281,771, primarily due to accumulated losses and a lack of operational income. The company’s cash and cash equivalents stood at $906,737, down from $1,420 at the end of the previous fiscal year.
Strategically, Intelligent Hotel Group has undergone a significant transformation, ceasing all operations related to its previous business lines, including bio-carbon-based fertilizer trading and online retailing. The company is now actively seeking new acquisition targets and strategic opportunities to realign its business model with long-term growth objectives. This shift follows the disposal of its subsidiary SCQC Agriculture Co. Limited in April 2025, which was part of a broader strategy to streamline operations and focus on core business activities.
Operationally, the company has not reported any customer counts or user statistics, indicating a complete cessation of its previous business activities. The filing does not provide any engagement metrics or product adoption rates, reflecting the company's current state of inactivity. The employee headcount remains unchanged at 101,400,000 shares of common stock issued and outstanding, with no new shares issued during the nine months ended September 30, 2025.
Looking ahead, the company acknowledges substantial doubt about its ability to continue as a going concern, given its recurring losses and the significant accumulated deficit. While management expresses confidence in its strategy and ability to raise additional funds, there are no assurances regarding future profitability. The company’s financial statements do not include adjustments that may be necessary if it is unable to continue as a going concern, highlighting the precarious nature of its current financial situation.
About Intelligent Hotel Group Ltd.
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