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.