China Foods Holdings Ltd is a Delaware holding company with no operations of its own. We conduct our operations in Hong Kong through our subsidiary in Hong Kong, while our operations in PRC are conducted through our subsidiary in PRC. We may rely on dividends to be paid by our Hong Kong subsidiary to fund our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders, to service any debt we may incur and to pay our operating expenses. There is a possibility that the PRC could prevent our cash maintained in Hong Kong from leaving or the PRC could restrict the deployment of the cash into our business or for the payment of dividends. Any such controls or restrictions may adversely affect our ability to finance our cash requirements, service debt or declare a dividend or other distributions to our shareholders. If our Hong Kong subsidiary incurs debt on its own behalf in the future, the instruments governing the debt may restrict its ability to pay dividends or make other distributions to us. To date, our subsidiaries have not made any transfers, dividends or distributions to China Foods Holdings Ltd. and China Foods Holdings Ltd. has not made any transfers, dividends or distributions to our subsidiaries.
Company profile
Ticker
CFOO
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Trafalgar Resources, Inc.
SEC CIK
Corporate docs
IRS number
910974149
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Apr 24
8-K
Changes in Registrant's Certifying Accountant
15 Apr 24
NT 10-K
Notice of late annual filing
2 Apr 24
UPLOAD
Letter from SEC
12 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
CORRESP
Correspondence with SEC
13 Nov 23
UPLOAD
Letter from SEC
19 Oct 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
10-Q
2023 Q1
Quarterly report
12 May 23
10-K
2022 FY
Annual report
31 Mar 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Sep 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 157.45 k | 157.45 k | 157.45 k | 157.45 k | 157.45 k | 157.45 k |
Cash burn (monthly) | 28.76 k | 22.02 k | 37.85 k | 42.75 k | 26.99 k | 24.46 k |
Cash used (since last report) | 197.89 k | 151.50 k | 260.43 k | 294.13 k | 185.71 k | 168.25 k |
Cash remaining | -40.44 k | 5.95 k | -102.98 k | -136.68 k | -28.27 k | -10.80 k |
Runway (months of cash) | -1.4 | 0.3 | -2.7 | -3.2 | -1.0 | -0.4 |