Nongfu Shop Digital New Retail Co., Ltd., formerly known as Yong Bai Chao New Retail Corporation, reported no revenue for the three and nine months ended September 30, 2025, consistent with the same periods in 2024. The company incurred a net loss of $7,000 for the third quarter of 2025, a decrease from a loss of $7,653 in the same quarter of the previous year. For the nine-month period, the net loss was $26,878, down from $34,889 in 2024, reflecting a reduction of 22.96% in operating expenses, which totaled $26,878 compared to $34,889 in the prior year.
The company’s operating expenses for the third quarter of 2025 were $7,000, an 8.5% decrease from $7,653 in the same quarter of 2024. This decline was attributed to lower audit fees, EDGAR filing fees, and stock transfer fees. For the nine months ended September 30, 2025, total operating expenses decreased by $8,011, primarily due to reductions in accounting, audit, and legal fees, despite a slight increase in EDGAR filing fees.
As of September 30, 2025, Nongfu Shop reported total liabilities of $173,331, with a working capital deficit of the same amount. The company had no cash on hand and relied on financing activities, which provided $30,797 during the nine months ended September 30, 2025, compared to $28,056 in the same period of 2024. The company’s management is focused on seeking a profitable operating business with growth potential, as it currently has no substantial business operations.
In terms of organizational changes, the company underwent a name change effective April 11, 2025, and has seen several shifts in its executive leadership over the past year. The current CEO, Daohong Yuan, was appointed following a series of resignations from previous executives. The company is also in the process of planning a reverse stock split, which has yet to be implemented, pending the filing of necessary amendments with the state of Nevada.
Looking ahead, Nongfu Shop anticipates continued negative cash flow from operations and recognizes the need for additional capital resources to support its business plan. The company plans to rely on equity sales and shareholder advances to fund operations, although it acknowledges the potential for dilution of existing shareholders. Management has expressed uncertainty regarding the ability to raise additional capital on satisfactory terms, which may impact the company's future operations and growth prospects.
About Nongfu Shop Digital New Retail Co., Ltd
Yong Bai Chao New Retail Corporation is a Nevada-based shell company with no current operations or assets. It aims to identify and acquire or merge with operating businesses across various industries, primarily through business combinations or asset purchases. Its management seeks growth opportunities via strategic transactions, but faces significant risks due to limited resources, lack of diversification, and regulatory uncertainties related to potential Chinese operations and VIE structures.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.