Here are the 10-Q quarterly reports from CN Healthy Food Tech Group Corp. Warrant (UCFIW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow UCFIW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UCFIW filings page.
CN Healthy Food Tech Group Corp. (UCFI) reported third-quarter 2026 revenue of $2,457,472, down 68.9% year over year, and a $144,007 net loss, versus $3,344,966 net income a year earlier. Nine-month revenue was $17,019,920 (down 14.4%) and net income was $2,607,374 (down 63.0%). The company cautioned that periods before and after the September 30, 2025 business combination may not be directly comparable.
Operating cash outflow was $12,765,412 for the nine months ended September 30, 2026; cash was $21,524,338 at September 30, 2026. At that date, $3,473,190 of aggregate principal was in payment default, accruing 15.0% default interest. Most cash was held in PRC bank accounts and was not readily available to the U.S. parent without repatriation. Management concluded its plans alleviated substantial doubt about going concern. CSRC-imposed fines of RMB 3,000,000 on a PRC subsidiary and RMB 1,500,000 on Chairman and CEO Zhenjun Jiang were paid May 24, 2026. Nasdaq allowed continued listing subject to conditions, but trading remained halted pending the company’s response to a request for additional information. Disclosure controls were ineffective; no remediation actions were taken during the nine months.
CN Healthy Food Tech Group Corp. reported Q2 2026 net revenue of $8.73 million, up 17.1% year over year, and six‑month 2026 revenue of $14.56 million, up 21.6%. Gross profit for the first half rose 51.6% to $10.61 million, reflecting lower unit costs after bringing core production in‑house.
Despite stronger operations, six‑month net income declined 25.6% to $2.75 million, driven by a $436,961 CSRC administrative penalty and $335,908 of default interest on three promissory notes. Operating cash flow was a $10.63 million outflow, mainly as large customer prepayments were worked down and inventory and supplier prepayments increased. Cash stood at $23.32 million, almost entirely in PRC banks, supporting a working capital surplus of $15.79 million.
As of June 30, 2026, $3.47 million of promissory notes remained in default at a 15% default rate and carry conversion features that could dilute shareholders. The company’s shares and warrants remain subject to a Nasdaq trading halt, and a July 2026 Nasdaq delisting determination is under appeal. Management concluded that, considering available cash and planned intra‑group financing from its PRC subsidiary, substantial doubt about going concern has been alleviated, though multiple material weaknesses in internal controls persist.
CN Healthy Food Tech Group Corp. reported Q1 2026 results showing strong sales growth but a swing to loss. Revenue rose to $5.83 million, up 20.8% year over year, while gross profit nearly doubled to $4.36 million with a 74.9% margin.
After higher operating expenses from share-based advisory costs and default interest on promissory notes, the company recorded a net loss of $0.31 million versus prior-year net income of $0.77 million. Cash stood at $29.7 million, and management concluded there is no substantial doubt about going concern.
Three promissory notes tied to the 2025 business combination remained in default with $3.47 million of principal accruing 15% default interest. Trading in the stock and warrants on Nasdaq has been halted since October 1, 2025, and the CSRC has imposed administrative fines totaling RMB 4.5 million on a PRC subsidiary and the CEO in connection with the overseas listing filing process.