China Changjiang Mining & New Energy (CHJI) 10-K9 Apr 242023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	3 Months Ended	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Dec. 31, 2023	Jun. 30, 2023
Cover [Abstract]
Document Type		10-K
Amendment Flag		false
Document Annual Report		true
Document Transition Report		false
Document Period End Date		Dec. 31, 2023
Document Fiscal Period Focus		FY
Document Fiscal Year Focus		2023
Current Fiscal Year End Date		--12-31
Entity File Number		000-52807
Entity Registrant Name		CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.
Entity Central Index Key		0000029952
Entity Tax Identification Number		75-2571032
Entity Incorporation, State or Country Code		NV
Entity Address, Address Line One		37F
Entity Address, Address Line Two		No. 1038 West Nanjing Rd
Entity Address, Address Line Three		Jing’An District
Entity Address, City or Town		Shanghai
Entity Address, Country		CN
Entity Address, Postal Zip Code		200041
City Area Code		86
Local Phone Number		883.1685
Trading Symbol		CHJI
Title of 12(g) Security		Common Stock
Entity Well-known Seasoned Issuer		No
Entity Voluntary Filers		No
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Non-accelerated Filer
Entity Small Business		true
Entity Emerging Growth Company		false
Entity Shell Company		false
Entity Public Float			$ 175,958
Entity Common Stock, Shares Outstanding	64,629,559	64,629,559
ICFR Auditor Attestation Flag		true
Document Financial Statement Error Correction [Flag]		false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Auditor Name		BF Borgers CPA PC
Auditor Firm ID		5041
Auditor Location		Lakewood, CO

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and equivalents	$ 0	$ 0
Total current assets	0	0
TOTAL ASSETS	0	0
LIABILITIES AND STOCKHOLDERS' DEFICIT
Other payable and accrued liabilities	1,195,028	1,215,292
Total current liabilities	1,195,028	1,215,292
Due to related parties	631,929	642,645
Due to Shareholders	1,839,528	1,870,721
Total non-current liabilities	2,471,457	2,513,366
TOTAL LIABILITIES	3,666,485	3,728,658
STOCKHOLDERS' DEFICIT
Series C convertible preferred stock ($0.001 par value, 10,000,000 shares authorized, 1,000,000 shares outstanding as of December 31, 2023 and 2022)	1,000	1,000
Common stock ($0.01 par value,500,000,000 shares authorized, 64,629,559 shares issued and outstanding as of December 31, 2023 and 2022)	646,295	646,295
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	16,032,106	16,032,106
Accumulated deficit	(19,856,628)	(19,918,801)
TOTAL STOCKHOLDERS' DEFICIT	(3,666,485)	(3,728,658)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 0	$ 0

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Outstanding	1,000,000	1,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	64,629,559	64,629,559
Common Stock, Shares, Outstanding	64,629,559	64,629,559

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
OTHER INCOME/(EXPENSE)
Compensation expenses	$ 0	$ 0
Foreign exchange gains/ (losses), net	62,173	371,024
Other income
Total other income/(expense)	62,173	371,024
Net profit/ (loss)	$ 62,173	$ 371,024

STATEMENTS OF OPERATIONS (Paren

STATEMENTS OF OPERATIONS (Parenthetical) - $ / shares	12 Months Ended
STATEMENTS OF OPERATIONS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Earnings Per Share, Basic	$ 0	$ 0
Earnings Per Share, Diluted	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic	64,629,559	64,629,559
Weighted Average Number of Shares Outstanding, Diluted	64,629,559	64,629,559

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 1,000	$ 646,295	$ (489,258)	$ 16,032,106	$ (20,289,825)	$ (4,099,682)
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	1,000,000	64,629,559
Net profit					371,024	371,024
Ending balance, value at Dec. 31, 2022	$ 1,000	$ 646,295	(489,258)	16,032,106	(19,918,801)	(3,728,658)
Shares, Outstanding, Ending Balance at Dec. 31, 2022	1,000,000	64,629,559
Net profit					62,173	62,173
Ending balance, value at Dec. 31, 2023	$ 1,000	$ 646,295	$ (489,258)	$ 16,032,106	$ (19,856,628)	$ (3,666,485)
Shares, Outstanding, Ending Balance at Dec. 31, 2023	1,000,000	64,629,559

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit	$ 62,173	$ 371,024
Adjustments to reconcile net loss to net cash used in operating activities:
Compensation expenses for Preferred C Shares	0	0
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	(20,264)	(120,929)
Due to related parties	(10,716)	(63,947)
Due to shareholders	(31,193)	(186,148)
Cash used in operating activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Investment received from Preferred C shares issued	0	0
Cash generated from financing activities	0	0
Net change in cash and equivalents	0	0
Cash and equivalents, beginning of period	0	0
Cash and equivalents, end of period	0	0
Cash paid for interest	$ 0	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ 62,173	$ 371,024

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
ORGANIZATION AND DESCRIPTION OF BUSINESS	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS China Changjiang Mining & New Energy Company, Ltd. (“China Changjiang”, “we”, the “Company”) was incorporated under the laws of the State of Delaware in 1969. Hong Kong Wah Bon Enterprise Limited (“Wah Bon”) was incorporated in Hong Kong on July 7, 2006 as an investment holding company. Shaanxi Pacific New Energy Development Company Limited (“Shaanxi Pacific”) was incorporated as a limited liability company in the People's Republic of China (“PRC”) on July 20, 2007 as an investment holding company. Shaanxi Changjiang Mining & New Energy Company, Ltd (“Shaanxi Changjiang”) (formerly Weinan Industrial and Commercial Company Limited) was incorporated as a limited liability company in the PRC on March 19, 1999. The Company became a joint stock company in January 2006 with its business activities in investment holding and the development of a theme park in Xi'An, PRC. In August 2005, Shaanxi Changjiang contributed land use rights valued at $7,928,532 in lieu of cash to the registered capital of Huanghe representing 92.93% of the equity of Huanghe. Huanghe was incorporated as a limited liability company in the PRC on August 9, 2005 as Shaanxi Changjiang Petroleum and Energy Development Co., Limited and is engaged in the development of a theme park in Huanghe Bay (Huanghe Nantan), Heyang County, Shaanxi Province, PRC. On February 5, 2007, Shaanxi Changjiang entered into an agreement with a third party to acquire 40% of the equity interest in East Mining Company Limited (“East Mining”) for $3,117,267 in cash. East Mining is engaged in exploration for lead, zinc and gold for mining in Xunyan County, Shaanxi Province, PRC. On March 22, 2007, Shaanxi Changjiang entered into an agreement with the majority shareholder of Shaanxi Changjiang to exchange its 92.93% interest in Huanghe for a 20% equity interest in East Mining owned by this related party. On August 15, 2007, 97.2% of the shareholders of Shaanxi Changjiang entered into a definitive agreement with Shaanxi Pacific and the stockholders of Shaanxi Pacific in which they disposed their ownership in Shaanxi Changjiang to Shaanxi Pacific for 98% of ownership in Shaanxi Pacific and cash of $1,328,940 payable on or before December 31, 2007. On September 2, 2007, Wah Bon acquired 100% ownership of Shaanxi Pacific for a cash consideration of $128,205. On May 30, 2007, amended to July 5, 2007, North American Gaming and Entertainment Corporation (“North American”) entered into a Material Definitive Agreement, pursuant to which the shareholders of Shaanxi Changjiang exchanged all their shares in Shaanxi Changjiang for 500,000 shares of series C convertible preferred stock (“series C shares”) in North American which carried the right of 1,218 votes per share and was convertible to 609,000,000 common shares. In connection with the exchange, Shaanxi Changjiang also delivered $370,000 to North American and certain non-affiliates of North American will transfer to North American or its designee a total of 3,800,000 shares of common stock, par value of $0.01 per share, of North American which had been held for longer than 2 years by such non-affiliates, in exchange for the issuance by North American to each of such non-affiliates of 2,250,000 shares of common stock of North American. Issued and outstanding share of series C preferred stock were automatically converted into that number of fully paid and non-assessable shares of common stock based upon the conversion rate upon the filing by the Company of an amendment to its Certificate of Incorporation, increasing the number of authorized shares of common stock to 800,000,000 shares, changing the Company's name to China Changjiang Mining & New Energy Company Ltd. and implementing a one for ten reverse stock split. The transaction was closed on February 4, 2008 and Wah Bon became a wholly owned subsidiary of North American. There was a 10 to 1 reverse stock split for the Company's common stock during December 2009 and all the shares information are retroactively restated to reflect the reverse stock split. The preferred stock holders will not convert their C convertible preferred stock until after the completion of the reverse stock split. On February 9, 2010, we filed a Certificate of Amendment to our Articles of Incorporation to effect a 1-for-10 reverse stock split of our common stock. The 1-for-10 reverse split was approved by FINRA on July 30, 2010, effective August 2, 2010. The Company was reincorporated from the state of Delaware to the state of Nevada with the intent to effect a statutory merger of the Delaware corporation “North American Gaming and Entertainment Corporation” into China Changjiang and to swap all issued and outstanding shares in the Delaware corporation for comparable shares in China Changjiang and dissolve the Delaware corporation. The merger of North American and Wah Bon was treated for accounting purposes as a capital transaction and recapitalization by Wah Bon (“the accounting acquirer”) and re-organization by North American (“the accounting acquiree”). The consolidated financial statements have been prepared as if the reorganization had occurred retroactively. On February 4, 2008, we acquired Wah Bon and its three subsidiaries: Shaanxi Pacific; Shaanxi Changjiang and East Mining. Wah Bon owns 100% of Shaanxi Pacific. Shaanxi Pacific owns 97.2% of Shaanxi Changjiang; and Shaanxi Changjiang owns 60% of East Mining. The minority interests represent the minority shareholders' 2.8% and 40% share of the results of Shaanxi Changjiang and East Mining respectively. The Company established a subsidiary, named Shaanxi Weinan Changjiang Solar Photovoltaic Energy Applied Science and Technology Co., Ltd. (“Changjiang PV”) in April 2012. The Company's subsidiary, Shaanxi Changjiang accounted for 51% shares of Changjiang PV, and Mr. Zhang Hong Jun, the director and principal shareholder of the Company, accounted for the other 49% shares. On December 30, 2013, the Company transferred all of its 60% equity of East Mining to its director and principal shareholder, Mr. Zhang Hong Jun and one of its shareholders, Mr. Wang Sheng Li with a consideration of $885,696 (RMB 5,400,000). Each of the acquirers obtained 30% equity of East Mining in this transaction. There is no gain or loss recognized because this is a transaction between entities under common control. Prior to January 1, 2019, the Company divested all of its subsidiaries, and de-registered Wah Bon in 2020. The Company’s main business is in the transitional period from mining to clean new energy, and mainly focus on the solar photovoltaic, or “PV”, downstream market at present stage. The Company is not actively trading during the current reporting period.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company maintains its accounts and prepares its financial statements using the accrual method accounting. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. Foreign Currency Translation The Company maintains its financial statements in its functional currency, which is US dollar (“USD”). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Exchange gains or losses arising from foreign currency transactions or translation of monetary assets and liabilities denominated in foreign currencies are included in the statement of operations for the respective periods. Exchange rates used in these financial statements, USD to CNY, are 7.0827 6.9646 Related Party A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, member of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. Income taxes The Company follow ASC 740-10-30, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things, reduced corporate tax rates to 21 percent effective January 1, 2018. FASB ASC 740, Income Taxes, requires deferred tax assets and liabilities to be adjusted for the effect of a change in tax laws or rates in the year of enactment, which is the year in which the change was signed into law. Accordingly, the Company adjusted its deferred tax assets and liabilities at December 31,2017, using the new corporate tax rate of 21 percent. The Company adopted ASC 740-10-25 (“ASC 740-10-25”) with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25. Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the years ended December 31, 2023, and 2022, there are 64,629,559 1,000,000 Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

GOING CONCERN

GOING CONCERN	12 Months Ended
GOING CONCERN	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 - GOING CONCERN The Company’s unaudited financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs and has an accumulated deficit of $ 19,856,628 In addition to operational expenses, as the Company executes its business plan, it is incurring expenses related to complying with its public reporting requirements. In order to finance these expenditures, the Company has raised capital in the form of debt, which will have to be repaid, as discussed in detail below. The Company has depended on loans from related parties and shareholders for most of its operating capital. The Company will need to raise capital in the next twelve months in order to remain in business. Management anticipates that significant dilution will occur as a result of any future sales of the Company’s common stock and this will reduce the value of its outstanding shares. The Company cannot project the future level of dilution that will be experienced by investors as a result of its future financings, but it will significantly affect the value of its shares. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	12 Months Ended
OTHER PAYABLES AND ACCRUED LIABILITIES	Dec. 31, 2023
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	NOTE 4 – OTHER PAYABLES AND ACCRUED LIABILITIES Schedule of accrued liabilities Item Dec. 31, 2023 Dec. 31, 2022 Taxes payable $ 59,962 $ 60,978 Salaries and welfare payable 650 661 Other payables 1,134,416 1,153,653 Total $ 1,195,028 $ 1,215,292

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	12 Months Ended
DUE TO RELATED PARTIES	Dec. 31, 2023
Due To Related Parties
DUE TO RELATED PARTIES	NOTE 5 – DUE TO RELATED PARTIES All amounts due to related parties are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve months from December 31, 2023. Details of amounts due to related parties are as follows: Due to related parties Related parties Dec. 31, 2023 Dec. 31, 2022 Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company $ 352,843 $ 358,825 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 12,184 12,391 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 36,696 37,319 Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 56,737 57,699 Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 57,744 58,724 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company 860 875 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 114,865 116,812 Total $ 631,929 $ 642,645

DUE TO SHAREHOLDERS

DUE TO SHAREHOLDERS	12 Months Ended
DUE TO SHAREHOLDERS	Dec. 31, 2023
Debt Disclosure [Abstract]
DUE TO SHAREHOLDERS	NOTE 6 – DUE TO SHAREHOLDERS All amounts due to shareholders are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve months from December 31, 2023. Details of amounts due to shareholders are as follows: Due to Shareholders Shareholders Dec. 31, 2023 Dec. 31, 2022 Wang Shengli $ 442,307 $ 449,808 Zhang Hongjun 856,278 870,798 Chen Min 540,943 550,115 Total $ 1,839,528 $ 1,870,721

COMMON STOCK AND PREFERRED STOC

COMMON STOCK AND PREFERRED STOCK	12 Months Ended
COMMON STOCK AND PREFERRED STOCK	Dec. 31, 2023
Equity [Abstract]
COMMON STOCK AND PREFERRED STOCK	NOTE 7 – COMMON STOCK AND PREFERRED STOCK The Company has 500,000,000 0.01 64,629,559 646,295 The Company has 10,000,000 0.001 1,000,000 1,000

INCOME TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 8 – INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. As the Company’s main business place is in P. R China, the corporate income tax rate of 25% is applied in calculation of deferred taxes. Deferred income taxes reflect the tax consequences on future years of differences between the tax bases. Net operating loss carry-forwards and tax benefits arising therefore are as follows: Schedule of deferred tax assets Deferred tax assets Dec. 31,2023 Dec. 31,2022 Net operating loss (NOL) brought forward $ 19,918,801 $ 20,289,825 Net loss/(profit) for the period / year (62,173 ) (371,024 ) NOL carried forward $ 19,856,628 $ 19,918,801 Tax benefit from NOL carried forward 4,964,157 4,979,700 Valuation allowance (4,964,157 ) (4,979,700 ) Deferred tax assets $ – $ – The PRC income tax allows the enterprises to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The management believes that the Company’s cumulative losses arising from recurring business in recent years constituted significant negative evidence that most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate future taxable income. Valuation allowance for the full amount of tax benefit from NOL was recorded.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES As at the end of the reporting period, the company has no commitments and contingencies to disclose.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	12 Months Ended
RELATED-PARTY TRANSACTIONS	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	NOTE 10 – RELATED-PARTY TRANSACTIONS The company was not engaging in any business activities during the reporting periods, and has no related party transactions and balances other than those disclosed in Notes 5 and 6.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS As at the date these financial statements are ready to be released, the Company has no subsequent events to disclose.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company maintains its accounts and prepares its financial statements using the accrual method accounting. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America and have been consistently applied.
Use of estimates	Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates.
Cash equivalents	Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Fair value of financial instruments	Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments.
Foreign Currency Translation	Foreign Currency Translation The Company maintains its financial statements in its functional currency, which is US dollar (“USD”). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Exchange gains or losses arising from foreign currency transactions or translation of monetary assets and liabilities denominated in foreign currencies are included in the statement of operations for the respective periods. Exchange rates used in these financial statements, USD to CNY, are 7.0827 6.9646
Related Party	Related Party A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, member of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting party might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.
Income taxes	Income taxes The Company follow ASC 740-10-30, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Income in the period that includes the enactment date. On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law by the President of the United States. TCJA is a tax reform act that among other things, reduced corporate tax rates to 21 percent effective January 1, 2018. FASB ASC 740, Income Taxes, requires deferred tax assets and liabilities to be adjusted for the effect of a change in tax laws or rates in the year of enactment, which is the year in which the change was signed into law. Accordingly, the Company adjusted its deferred tax assets and liabilities at December 31,2017, using the new corporate tax rate of 21 percent. The Company adopted ASC 740-10-25 (“ASC 740-10-25”) with regard to uncertainty income taxes. ASC 740-10-25 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740-10-25, we may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods and requires increased disclosures. We had no material adjustments to our liabilities for unrecognized income tax benefits according to the provisions of ASC 740-10-25.
Net income (loss) per common share	Net income (loss) per common share Net income (loss) per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock and potentially outstanding shares of common stock during the period. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. For the years ended December 31, 2023, and 2022, there are 64,629,559 1,000,000
Recently issued accounting pronouncements	Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	12 Months Ended
OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	Dec. 31, 2023
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	Schedule of accrued liabilities Item Dec. 31, 2023 Dec. 31, 2022 Taxes payable $ 59,962 $ 60,978 Salaries and welfare payable 650 661 Other payables 1,134,416 1,153,653 Total $ 1,195,028 $ 1,215,292

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	12 Months Ended
DUE TO RELATED PARTIES (Tables)	Dec. 31, 2023
Due To Related Parties
DUE TO RELATED PARTIES	Due to related parties Related parties Dec. 31, 2023 Dec. 31, 2022 Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company $ 352,843 $ 358,825 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 12,184 12,391 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 36,696 37,319 Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 56,737 57,699 Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 57,744 58,724 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company 860 875 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company 114,865 116,812 Total $ 631,929 $ 642,645

DUE TO SHAREHOLDERS (Tables)

DUE TO SHAREHOLDERS (Tables)	12 Months Ended
DUE TO SHAREHOLDERS (Tables)	Dec. 31, 2023
Debt Disclosure [Abstract]
DUE TO SHAREHOLDERS	Due to Shareholders Shareholders Dec. 31, 2023 Dec. 31, 2022 Wang Shengli $ 442,307 $ 449,808 Zhang Hongjun 856,278 870,798 Chen Min 540,943 550,115 Total $ 1,839,528 $ 1,870,721

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	Schedule of deferred tax assets Deferred tax assets Dec. 31,2023 Dec. 31,2022 Net operating loss (NOL) brought forward $ 19,918,801 $ 20,289,825 Net loss/(profit) for the period / year (62,173 ) (371,024 ) NOL carried forward $ 19,856,628 $ 19,918,801 Tax benefit from NOL carried forward 4,964,157 4,979,700 Valuation allowance (4,964,157 ) (4,979,700 ) Deferred tax assets $ – $ –

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Intercompany Foreign Currency Balance [Line Items]
Common Stock, Shares, Outstanding	64,629,559	64,629,559
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,000,000	1,000,000
C N Y [Member]
Intercompany Foreign Currency Balance [Line Items]
Foreign currency exchange rate	7.0827	6.9646

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 19,856,628	$ 19,918,801

OTHER PAYABLES AND ACCRUED LI_3

OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Taxes payable	$ 59,962	$ 60,978
Salaries and welfare payable	650	661
Other payables	1,134,416	1,153,653
Total	$ 1,195,028	$ 1,215,292

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 631,929	$ 642,645
Baishui Dukang Marketing [Member]
Debt Instrument [Line Items]
Total	352,843	358,825
Heyang County Huanghe [Member]
Debt Instrument [Line Items]
Total	12,184	12,391
Shaanxi Huanghe Bay [Member]
Debt Instrument [Line Items]
Total	36,696	37,319
Baishui Dukang Brand Management [Member]
Debt Instrument [Line Items]
Total	56,737	57,699
Shaanxi Dukang Liquor Group [Member]
Debt Instrument [Line Items]
Total	57,744	58,724
Shaanxi Xi Deng Hui Development [Member]
Debt Instrument [Line Items]
Total	860	875
Shaanxi Dukang Liquor Trading [Member]
Debt Instrument [Line Items]
Total	$ 114,865	$ 116,812

DUE TO SHAREHOLDERS (Details)

DUE TO SHAREHOLDERS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Total	$ 1,839,528	$ 1,870,721
Wang Shengli [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	442,307	449,808
Zhang Hongjun [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	856,278	870,798
Chen Min [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	$ 540,943	$ 550,115

COMMON STOCK AND PREFERRED ST_2

COMMON STOCK AND PREFERRED STOCK (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Outstanding	64,629,559	64,629,559
Common Stock, Value, Issued	$ 646,295	$ 646,295
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock par value	$ 0.001	$ 0.001
Preferred Stock, Shares Issued	1,000,000	1,000,000
Preferred Stock, Shares Outstanding	1,000,000	1,000,000
Preferred Stock, Value, Issued	$ 1,000	$ 1,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares authorized	10,000,000
Preferred stock par value	$ 0.001

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net operating loss (NOL) brought forward	$ 19,918,801	$ 20,289,825
Net loss/(profit) for the period / year	(62,173)	(371,024)
NOL carried forward	19,856,628	19,918,801
Tax benefit from NOL carried forward	4,964,157	4,979,700
Valuation allowance	(4,964,157)	(4,979,700)
Deferred tax assets	$ 0	$ 0