Quarterly Report for Quarter Ending June 30, 2026 (Form 10-Q)

Management's Discussion and Analysis of Financial Condition and Results of Operations.

Forward-Looking Statements

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects", "anticipates", "intends", "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the sections "Business", "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". You should carefully review other documents we file from time to time with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the "Company", "Yinfu", "we", "us" or "our" are to Yinfu Gold Corporation.

Our unaudited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

Overview

Yinfu Gold Corporation (the "Company") is a Wyoming corporation incorporated on September 1, 2005, under the name Ace Lock & Security, Inc. Our name was changed to Yinfu Gold Corporation as of November 18, 2010.We are working to enter into new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT).

We have had limited operations and based upon our reliance on the sale of our common stock and the advances from our president, there are no assurances of any future source of funds for our operations.

Effective May 19, 2025, the Company has accepted the resignation of Mr. Jiang Libin from his position as President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary and as a Director of the Company. Mr. Jiang Libin has served on the Board since December 12, 2015. The Company sincerely thanks Jiang Libin for his loyal service.

Also effective May 19, 2025, the Company announced the appointment of Mr. Zhang Hong as the President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary. Since December 12, 2015, he has served as the director of the Company.

Plan of Operation

We devote substantial efforts to enter into new-emerging application industries of Internet Technology, Artificial Intelligence (AI) and the Internet of Things (IOT). However, our planned principal operations have not yet commenced.

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Need for Additional Capital

The Company has not generated any revenues from operations, and may be unable to fund on-going activities. We cannot guarantee that we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our own hardware and software, and the possibility of new regulations that will make our company difficult or impossible to operate.

If we are unable to meet our needs for cash from either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

If we are unable to complete any phase of our development program or fail to raise additional capital to maintain our operations in the future, we may be unable to carry out our full business plan or we may be forced to cease operations.

Results of Operations

Three Months Ended June 30, 2026 and 2025

		Three months ended June 30, 2026				Three months ended June 30, 2025				Fluctuation				%
Revenue		$	-			$	-			$	N/A				N/A
Operating Expenses:
General and administrative			25,988				20,438				5,550				27	%
Professional fees			6,747				10,219				(3,472	)			-34	%
Total Operating Expenses			32,735				30,657				2,078				7	%
Net loss from Operations			(32,735	)			(30,657	)			(2,078	)			7	%
Other income (expense)			5,950				8,297				(2,347	)			-28	%
Net loss before income tax			(26,785	)			(22,360	)		$	(4,425	)			20	%
Income tax expenses			(1,708	)			-				(1,708	)			100	%
Net loss		$	(28,493	)		$	(22,360	)			(6,133	)			27	%

Revenues

The Company has generated no revenues during the three months ended June 30, 2026 and 2025. As the Company has not engaged in any business yet.

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Operating expenses

For the three months ended June 30, 2026, total operating expenses were $32,735, which consisted general and administrative expense and professional fees. For the three months ended June 30, 2025, total operating expenses were $30,657, which consisted general and administrative fees and professional fees. The general and administrative expenses mainly consist of employees' salary. The increase in operating expense was due to the increase in general and administrative expenses for the three months ended June 30, 2026.

Other income

Other income of $5,950 represents the income from rental exemption for previous years for the quarter ended June 30, 2026..

Other income of $8,297 represents rental income for the quarter ended June 30, 2025. On October 1, 2023, the Company entered into a lease agreement with Yinfu Guohui Sports Development Co., Ltd (Yinfu Guohui), a related company controlled by Mr. Jiang Libin, leasing part of the Company's office space with rent of $2,766 (RMB20,000) per month from October 1, 2023 to September 30, 2025.

The following table provides selected financial data about our company as of June 30, 2026 and March 31, 2026.

		June 30, 2026				March 31, 2026
Cash		$	2,720			$	822
Total Assets		$	19,296			$	17,683
Total Liabilities		$	703,331			$	652,856
Stockholders' Deficit		$	(684,035	)		$	(635,173	)

As of June 30, 2026, the Company's cash balance was $2,720 compared to $822 as of March 31, 2026, and our total assets as of June 30, 2026, were $19,296 compared with $17,683 as of March 31, 2026. The increase in cash was due to more borrowing from the third parties and the total assets maintained stable.

As of June 30, 2026, the Company had total liabilities of $703,331, compared with total liabilities of $652,856 as of March 31, 2026. The increase of $50,475 in total liabilities was mainly due to the increased $15,000 salary payable to Mr. Zhang Hong and the borrowing of $61,426 from Zhan Chenhao, a third party individual of the Company, occurred during the three months ended June 30, 2026.

Liquidity and Capital Resources

Working Capital

		June 30, 2026				March 31, 2026
Current Assets		$	16,256			$	14,287
Current Liabilities		$	701,265			$	650,213
Working Capital Deficiency		$	(685,009	)		$	(635,926	)

As of June 30, 2026, the Company had a working capital deficiency of $685,009, compared with working capital deficiency of $635,926 as of March 31, 2026. The slight increase in working capital deficiency was primarily attributed to the increase in current liabilities due to the increase of .borrowing from an third party individual.

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Cash Flows

		Three Months Ended June 30, 2026				Three Months Ended June 30, 2025
Cash Flows provided by (used in) Operating Activities		$	20,629			$	(17,903	)
Cash Flows provided by Investing Activities		$	-			$	-
Cash Flows (used in) provided by Financing Activities		$	(6,366	)		$	18,009
Effects on change in foreign exchange rate		$	(12,365	)		$	4
Net increase in cash and cash equivalents during period		$	1,898			$	110

Cash Flows Used in Operating Activities

During the three months ended June 30, 2026, the Company had $20,629 in cash provided by operating activities, which was mainly attributed from the increase of $15,000 in wage payable to related party, amortization of right-of-use asset of $414, the decrease of $160 in other receivable, the increase of $34,169 in other payable, and offset by net loss of $28,493, and the decrease of $621 in operating lease liability.

During the three months ended June 30, 2025, the Company had $17,903 in cash used in operating activities, which was mainly attributed from the net loss of $22,360, the increase of $404 in other receivable, the decrease of $8,297 in advanced from related parties, the decrease of $1,080 in operating lease liability, and offset by amortization of right-of-use asset of $867, the increase of $3,371in accounts payable and accrued liabilities and the increase of $10,000 in wages payable to related party.

Cash Flows Provided by Investing Activities

During the three months ended June 30, 2026 and 2025, the Company did not incur any cash in investing activities.

Cash Flows Provided by Financing Activities

During the three months ended June 30, 2026, related parties have provided the Company loan of $40,385 for operating expenses, received repayment of $23,244 from the Company and received advance of $23,507 from the Company.

During the three months ended June 30, 2025, related parties have provided the Company loan of $18,009 for operating expenses.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.