Executive Summary
Yinfu Gold Corporation (ELRE) reported QQ4 2024 results characterized by a sharp revenue decline and a heavy operating expense base that drove a substantial operating loss. Revenue of 5,398 (USD thousands) yielded a gross profit of 2,699, producing a 50% gross margin, but substantial SG&A (General and Administrative) expenses of 31,647 led to an EBITDA of -28,186 and an operating income of -31,647. Net income stood at -23,269, with earnings per share of -0.0002. The YoY comparison shows revenue down 90.8% and gross profit down 94.9%, underscoring a material contraction in top-line activity alongside deteriorating profitability metrics. The quarter also highlighted a severe cash burn, with operating cash flow of -$233,943 (USD thousands) and free cash flow of -$233,943, contributing to a net decrease in cash of only 204 against a minimal ending cash balance of 488 (USD thousands). Balance-sheet health is a key vulnerability: total assets of 25,860 (USD thousands) contrast with total liabilities of 2,656,537 and a negative stockholders’ equity of -2,630,677, yielding an alarmingly low liquidity profile (current ratio ~0.0042) and a high leverage footprint (debt load of 1,833,101 vs cash of 488). Management commentary from the QQ4 2024 call is not included in the provided transcript, limiting the ability to cite qualitative management tone directly; as such, the analysis emphasizes the quantitative stress points and potential pathways for future improvement.
Key Performance Indicators
QoQ: -74.61% | YoY:-11.54%
QoQ: -139.07% | YoY:18.21%
QoQ: -100.00% | YoY:0.00%
Key Insights
Revenue: 5,398; YoY change: -90.76%; QoQ data not available (N/A)
Gross Profit: 2,699; Gross Margin: 50.00% ; YoY change: -94.85%
Operating Income: -31,647; Operating Margin: -5.86% ; YoY change: -11.54%
EBITDA: -28,186; EBITDA Margin: -5.22% ; YoY change not provided
Net Income: -23,269; Net Margin: -4.31% ; YoY change: +18.21% (nominally negative to more negative if starting point is negative)
Earnings per Share (EPS): -0.0002; Diluted EPS: -0.0002 ; YoY QoQ: -100.00% QoQ for EPS; Weighte...
Financial Highlights
Revenue: 5,398; YoY change: -90.76%; QoQ data not available (N/A)
Gross Profit: 2,699; Gross Margin: 50.00% ; YoY change: -94.85%
Operating Income: -31,647; Operating Margin: -5.86% ; YoY change: -11.54%
EBITDA: -28,186; EBITDA Margin: -5.22% ; YoY change not provided
Net Income: -23,269; Net Margin: -4.31% ; YoY change: +18.21% (nominally negative to more negative if starting point is negative)
Earnings per Share (EPS): -0.0002; Diluted EPS: -0.0002 ; YoY QoQ: -100.00% QoQ for EPS; Weighted Avg Shares: 121,983,993
Cash Flow: Operating cash flow -233,943; Free cash flow -233,943; Net change in cash: 204; Cash at end of period: 488; Cash at beginning: 284
Balance Sheet: Total assets 25,860; Total liabilities 2,656,537; Total stockholders’ equity -2,630,677; Total debt 1,833,101; Cash and equivalents 488; Current ratio 0.0042; Quick ratio 0.0042; Cash ratio 0.00019
Asset turnover: 0.209; Fixed asset turnover: 0.366; Receivables turnover: 0.508; Inventory turnover: 0
Debt metrics: Debt to capitalization (negative due to negative equity), Debt to equity ratio -0.697; Net debt 1,832,613; Enterprise value multiple negative
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
5.40K |
-90.76% |
N/A |
| Gross Profit |
2.70K |
-94.85% |
N/A |
| Operating Income |
-31.65K |
-11.54% |
-74.61% |
| Net Income |
-23.27K |
18.21% |
-139.07% |
| EPS |
0.00 |
0.00% |
-100.00% |
Key Financial Ratios
operatingProfitMargin
-586%
operatingCashFlowPerShare
$-0
priceEarningsRatio
-1638.23
Management Commentary
Transcript data for QQ4 2024 are not provided in the supplied materials. As a result, there are no management quotes or thematic notes to cite from the earnings call. The synthesis below is anchored to the disclosed financials and any future transcript content should be incorporated to refine management tone, strategic pivots, and forward-looking guidance.
Forward Guidance
No formal forward guidance is present in the QQ4 2024 disclosures. Given the liquidity stress, negative equity and ongoing cash burn, the near-term guidance would plausibly focus on capital-raising actions, debt refinancing, and cost rationalization. Investors should monitor: (1) any disclosed plans for equity or debt financing and related dilution risk, (2) operating-cash-flow improvements as SG&A realigns with a smaller revenue base, (3) monetization progress of AIoT/internet-content initiatives in China, and (4) any covenant relief or restructuring activities with creditors. Absent concrete guidance or material strategic announcements, the outlook remains highly speculative and contingent on external financing and operational turnarounds.