Quarterly ResultMay 13, 2026, 04:22 PM
CN Healthy Food Q1 Net Loss $309K; Nasdaq Halt, Debt Default, CSRC Penalty
AI Summary
CN Healthy Food Tech Group Corp. reported a net loss of $308,997 for Q1 2026, a significant decline from a net income of $773,683 in Q1 2025, despite a 20.8% increase in revenue to $5.83 million. The company faces ongoing challenges including a Nasdaq trading halt since October 2025, three defaulted promissory notes totaling $3.47 million in principal, and an advance notice of administrative penalty from the China Securities Regulatory Commission. Cash and cash equivalents decreased by 10.1% to $29.69 million.
Key Highlights
- Reported Q1 2026 net loss of $308,997, down from $773,683 net income in Q1 2025.
- Revenue increased 20.8% to $5.83 million in Q1 2026 from $4.82 million in Q1 2025.
- Basic and diluted EPS was $(0.0059) for Q1 2026, compared to $0.0162 for Q1 2025.
- Nasdaq trading halt has been in effect since October 1, 2025, for approximately seven months.
- Three promissory notes with $3.47 million aggregate principal are in default, accruing $206,021 in default interest.
- Received CSRC Advance Notice of Administrative Penalty on April 24, 2026.
- Cash and cash equivalents decreased 10.1% to $29.69 million as of March 31, 2026.
- Net cash used in operating activities was $3.60 million in Q1 2026, compared to $0.17 million in Q1 2025.