Yijia Group Corp. (formerly Soldino Group Corp.) reported significant financial developments for the three months ended July 31, 2024, reflecting a transition in its business operations. The company generated revenue of $108,477, a notable increase from $0 in the same period of the previous year, attributed to the launch of its healthcare products segment. This segment contributed a gross profit of $73,173, marking a substantial shift in the company's revenue generation capabilities.

Total operating expenses for the quarter were $118,587, a sharp rise from $24,247 in the prior year, primarily due to increased general and administrative expenses, which rose to $57,573 from $24,247. This increase was driven by higher legal and professional fees, as well as personnel costs totaling $53,984, reflecting salary increases for key management. Consequently, the net loss for the quarter was $55,211, compared to a net loss of $24,247 in the same period last year.

The company's balance sheet as of July 31, 2024, showed total current assets of $1,200,851, slightly up from $1,192,858 as of April 30, 2024. However, cash reserves significantly decreased to $141,635 from $593,036, while inventories increased to $213,463 from $132,873. Total current liabilities also rose to $199,374 from $136,920, contributing to an accumulated deficit of $(38,256), a decline from an accumulated surplus of $16,955 in the previous period.

Yijia Group's operational cash flow reflected a net cash used in operating activities of $(504,001) for the quarter, compared to $(26,147) in the prior year. This increase in cash outflow was influenced by the net loss and changes in working capital, including a decrease in inventory and advances to vendors.

The company operates in two segments: Consulting Services and Healthcare Products. The healthcare segment's performance was pivotal in the revenue increase, with one customer accounting for 100% of the revenue. The consulting segment, however, reported a loss of $(92,067), contributing to the overall segment loss of $(45,414).

In terms of financing, Yijia Group received $52,600 from a director during the quarter, compared to $17,419 from related parties in the same period last year. The company continues to evaluate the impact of new accounting standards and has no commitments or contingencies as of the reporting date.