NORTHLAND(430047)2024-10-25 11:17Financial Performance - Operating income for the first nine months of 2024 was CNY 47,817,289.36, representing a year-on-year increase of 13.87%[2] - Net profit attributable to shareholders was a loss of CNY 48,648,574.93, with a basic earnings per share of -0.19 CNY[2] - The net loss for the first nine months of 2024 was ¥30,285,431.88, an improvement compared to a net loss of ¥44,977,879.38 in the same period of 2023, reflecting a decrease in losses of approximately 32.9%[19] - Operating profit decreased to -38,411,929.34 from -51,046,766.06, showing an improvement of approximately 24.5% year-over-year[21] - Net profit for the period was -38,411,861.79, compared to -52,005,999.98, reflecting a year-over-year improvement of about 26.1%[21] Assets and Liabilities - Total assets increased by 46.48% to CNY 328,120,719.02 compared to the end of last year[2] - Total assets increased to CNY 480.63 million as of September 30, 2024, up from CNY 328.12 million on December 31, 2023, representing a growth of 46.5%[12] - Current assets rose to CNY 242.87 million, compared to CNY 106.17 million, marking an increase of 128.3%[12] - Total liabilities decreased to CNY 91.19 million from CNY 131.50 million, a reduction of 30.6%[13] - The total liabilities decreased to ¥12,953,344.97 from ¥37,943,365.89, indicating a reduction of about 65.9%[17] Shareholder Equity - Net assets attributable to shareholders increased by 123.04% to CNY 153,212,884.84 compared to the end of last year[2] - Shareholders' equity rose to CNY 389.45 million, up from CNY 196.62 million, reflecting an increase of 97.8%[14] - The total equity increased to ¥369,940,807.77 from ¥185,244,629.00, reflecting a growth of approximately 99.5%[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 38,918,379.83[2] - Cash inflow from investment activities was significantly higher at 1,008,496,585.56 compared to 118,345,252.01, indicating a substantial increase in investment recovery[22] - Cash flow from financing activities resulted in a net inflow of 211,488,199.10, a significant increase from 15,873,701.13 in the prior year[23] - The ending cash and cash equivalents balance increased to 136,903,167.25 from 46,903,629.24, indicating a strong liquidity position[23] Investment and Financing - Cash and cash equivalents increased by 282.76% to CNY 137,370,025.87 due to fundraising activities[3] - The net cash flow from financing activities surged by 1,232.32% to CNY 211,488,199.10, reflecting increased fundraising[5] - Cash inflow from financing activities totaled CNY 224,196,223.85, a substantial increase from CNY 15,949,454.87 in 2023[25] Research and Development - Research and development expenses for the first nine months of 2024 were ¥33,309,314.49, down from ¥41,342,215.09 in the same period of 2023, a reduction of about 19.4%[18] - Research and development expenses decreased to 30,840,358.53 from 40,479,235.20, a reduction of approximately 23.9%[21] Other Key Points - The company reported a significant increase in investment income of 540.44% to CNY 2,211,140.01 due to interest from structured deposits[5] - The company has not engaged in any share pledges or judicial freezes[10] - The company has not reported any significant related party transactions during the reporting period[10] - The company has fulfilled its commitments regarding previously disclosed matters[10] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[19]