The following discussion and analysis of financial condition and results of operations should be read in conjunction with our financial statements and related notes included elsewhere in this report. This discussion contains forward-looking statements that involve risks, uncertainties and assumptions. See "Cautionary Note Regarding Forward-Looking Statements." Our actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors discussed elsewhere in this report.





Overview

WeTrade Group, Inc. was incorporated in the State of Wyoming on March 28, 2019 and is in the business of providing technical services and solutions via its membership-based social e-commerce platform. We are committed to providing an international cloud-based intelligence system and independently developed a micro-business cloud intelligence system called the "YCloud." Our goal is to provide technical and auto-billing management services to micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations, and multi-channel data analysis.

We provide technology services to both individual and corporate users. Through Yueshang Beijing, we provide "YCloud" service to our customer, Zhuozhou Weijiafu Information Technology Limited, or Weijiafu, a PRC technology company, which provide "YCloud" services to individual and corporate micro-business owners. The market individual micro-business owners represents a potential of 330 million users by the year of 2023. YCloud serves corporate users in multiple industries, including Yuetao Group, Zhiding, Lvyue, Yuebei, Yuedian, Coke GO, and Zhongyanshangyue. We conduct business operations in mainland China and have established trial operations in Hong Kong, the Philippines, and Singapore. We expect to utilize the YCloud system to establish a global strategic cooperation with various social media platforms. Plan to negotiate with Kakao Talk, Line, Whatsapp, Ohho, and Bluechat. Additionally, we have formed long-term technical collaborations with Yuetao App, Daren App, Yuebei App, Zhiding App, Yuedian App, and Lvyue App through Weijiafu.

In January 2020, we appointed a third-party software company to develop an auto-billing management system ("WeTrade System"), the early stage of the YCloud system, at the cost of RMB 400,000 (or approximately USD $62,000) to provide online payment services for micro-business owners in the PRC. The main functions of the YCloud system is to manage users' marketing relationships, CPS commission profit management, multi-channel data statistics, AI fission and management, and improved supply chain systems.

Currently, YCloud serves the micro business industry. We expect to expand the application of YCloud to tourism, hospitality, livestreaming and short video, medical beauty and traditional retail industries.






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Results of Operations

The following tables provide a comparison of a summary of our results of operations for the three and nine months period ended September 30, 2021 and 2020.

Results of Operations for the nine months period Ended September 30, 2021 and


                                      2020



                                      For the period       From the period
                                      September 30,         September 30,
                                           2021                 2020
Revenue:
Service revenue- related party       $              -     $       2,370,192
Service revenue- non related party         11,262,491               518,269
                                           11,262,491             2,888,461
Cost of Sales                              (2,441,883 )            (515,195 )
Gross Profit                         $      8,820,608     $       2,373,266
Operating Expenses:
General and Administrative                 (4,695,727 )            (617,216 )
Operations Profit                    $      4,124,881     $       1,756,050
Other revenue                                 258,501                39,060
Net Profit before income tax         $      4,383,382     $       1,795,110
Income tax expense                           (478,997 )            (487,984 )
Net income                           $      3,904,385     $       1,307,126




Revenue from Operations

For the nine-month period ended September 30, 2021 and 2020, total revenue were $11,262,491 and $2,888,461 from service revenue from customers and related party respectively, the increase was mainly due to the service revenue generated from new customers during the period.

Cost of revenue

For the nine-month period ended September 30, 2021 and 2020, cost of revenue were $2,441,883 and $515,195 respectively, the increase is in line with the increase in revenue during the period. Cost of revenue is mainly consists of staff payroll, PRC central provident fund ("CPF") and other staff benefits, the increase is mainly due to more staffs were recruited during the period.

General and Administrative Expenses

For the nine months period ended September 30, 2021 and 2020, general and administrative expenses were $4,695,727 and $617,216 respectively, the increase is mainly due to increase in the payroll expenses as a result of new staffs were recruited for software development during the period as compared to no such software development in prior period.

Other revenue

For the nine months period ended September 30, 2021 and 2020, other revenue were $258,501 and $39,060 respectively, the increase is mainly due to tax refund of RMB 540,000 (approximately of US$83,000) and accrued interest of note receivables of $115,212 during the period.

Net Income

As a result of the factors described above, there was a net profit of $3,904,385 and $1,307,126 for the nine months period ended September 30, 2021 and 2020, the increase mainly due to revenue generated from auto-billing management system from new customers.






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 Results of Operations for the three months period Ended September 30, 2021 and

                                      2020



                                      For the period       From the period
                                      September 30,         September 30,
                                           2021                 2020
Revenue:
Service revenue- related party       $              -     $       1,493,829
Service revenue- non related party          4,598,675               518,269
                                                                  2,012,098
Cost of Sales                              (2,105,116 )            (427,647 )
Gross Profit                         $      2,493,559     $       1,584,451
Operating Expenses:
General and Administrative                 (1,039,081 )            (407,067 )
Operations Profit                           1,454,478             1,177,384
Other revenue                                  59,902                38,939
Net Profit before income tax         $      1,514,380     $       1,216,323
Income tax expense                           (104,110 )            (475,431 )
Net income                           $      1,410,271     $         740,892




Revenue from Operations

For the three-month period ended September 30, 2021 and 2020, total revenue were $4,598,675 and $2,012,098 from service revenue from customers and related party respectively, the increase was mainly due to the service revenue generated from new customers during the period.

Cost of revenue

For the three-month period ended September 30, 2021 and 2020, cost of revenue were $2,105,116 and $427,647 respectively, the increase is in line with the increase in revenue during the period. Cost of revenue is mainly consists of staff payroll, PRC central provident fund ("CPF") and other staff benefits, the increase is mainly due to more staffs were recruited during the period.

General and Administrative Expenses

For the three-months period ended September 30, 2021 and 2020, general and administrative expenses were $1,039,081 and $407,067 respectively, the increase is mainly due to increase in the payroll expenses as a result of new staffs were recruited for software development during the period as compared to no such software development in prior period.

Other revenue

For the three-months period ended September 30, 2021 and 2020, other revenue were $59,902 and $38,939 respectively, the increase is mainly due to tax refund from PRC entities and accrued interest of note receivables during the period.

Net Income

As a result of the factors described above, there was a net profit of $1,410,271 and $740,892 for the three months period ended September 30, 2021 and 2020, the increase mainly due to revenue generated from auto-billing management system from new customers.






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Liquidity and Capital Resources

As of September 30, 2021, we had cash on hand of $1,395,025. The decrease is mainly due to additional short term loan of approximate $1.37 million (RMB 9 million) to third party and prepayment of office furniture and office rental of approximate $2.4 million (RMB 15 million) during the period.

Operating activities

Our continuing operating activities used cash of ($2,808,831) and ($1,042,610) for the period ended September 30, 2021 and 2020, this is due to additional prepayment of office furniture and office rental of approximate $2.4 million (RMB 15 million) during the period.

Investing activities

Cash provided in our investing activities was ($138,124) and nil for the period ended September 30, 2021 and 2020, this is due to additional of new computer and equipment during the period.

Financing activities

Cash provided in our financing activities was nil and $835,500 for the period ended September 30, 2021 and 2020, this is due to no share issued for cash during the period as compare to share issue of $835,500 in prior period.





Inflation

Inflation does not materially affect our business or the results of our operations.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements.





Critical Accounting Policies

We prepare our financial statements in accordance with generally accepted accounting principles of the United States ("GAAP"). GAAP represents a comprehensive set of accounting and disclosure rules and requirements. The preparation of our financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the 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. Our actual results could differ from those estimates. We use historical data to assist in the forecast of our future results. Deviations from our projections are addressed when our financials are reviewed on a monthly basis. This allows us to be proactive in our approach to managing our business. It also allows us to rely on proven data rather than having to make assumptions regarding our estimates.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company financial statements.






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