NORTHLAND(BJ:430047)2023-04-25 16:00Financial Performance - Net profit attributable to shareholders for Q1 2023 was CNY -15,653,304.13, a decline from CNY -10,980,188.46 in Q1 2022[10] - Operating revenue for Q1 2023 decreased by 15.84% year-on-year to CNY 12,385,343.25[10] - Total operating revenue for Q1 2023 was 12,385,343.25, down from 14,717,202.56 in Q1 2022, representing a decrease of approximately 15.9%[37] - Operating profit for Q1 2023 was -15,839,424.18, compared to -10,035,133.34 in Q1 2022, indicating a worsening of approximately 57.5%[38] - Net profit for Q1 2023 was -15,153,590.93, compared to -9,742,415.66 in Q1 2022, reflecting an increase in net loss of about 55.1%[39] - Total comprehensive income for Q1 2023 was -15,471,427.08, compared to -10,101,262.36 in Q1 2022, indicating a decline of approximately 53.5%[39] Assets and Liabilities - Total assets as of March 31, 2023, amounted to CNY 351,836,722.56, representing a 1.91% increase compared to the end of 2022[10] - The total liabilities to total assets ratio (consolidated) increased to 35.44% from 30.75% at the end of 2022[10] - Total liabilities rose from ¥106,169,377.54 to ¥124,700,520.41, indicating an increase of approximately 17.5%[31] - The company's total equity decreased from ¥239,061,903.61 to ¥227,136,202.15, a decline of about 5%[31] - The current liabilities increased from ¥70,235,680.32 to ¥88,700,269.75, reflecting an increase of about 26.4%[30] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY -6,283,074.74, a decrease of CNY 8,010,371.24 from the previous year[13] - Operating cash flow for Q1 2023 was negative at -6,283,074.74 CNY, a significant decline compared to 1,727,296.50 CNY in Q1 2022[44] - The company reported a net cash outflow of -37,432,429.72 CNY in Q1 2023, compared to a net increase of 30,446,012.61 CNY in Q1 2022[45] - The net cash flow from operating activities for the parent company was -13,700,757.54 CNY in Q1 2023, worsening from -1,399,867.82 CNY in Q1 2022[47] Expenses - Research and development expenses increased by CNY 489,970.00 compared to the same period last year, primarily due to ongoing projects[12] - Total operating costs increased to 28,456,394.01 in Q1 2023 from 24,974,211.23 in Q1 2022, an increase of about 14.9%[37] - Research and development expenses rose significantly to 13,449,259.47 in Q1 2023 from 8,549,566.51 in Q1 2022, marking an increase of approximately 57.5%[38] - The company reported a significant increase in management expenses to 6,402,274.04 in Q1 2023 from 6,683,383.54 in Q1 2022, a decrease of about 4.2%[38] - The company experienced a decrease in sales expenses to 2,936,809.45 in Q1 2023 from 5,747,213.40 in Q1 2022, a reduction of approximately 48.9%[38] Shareholding and Ownership - The company reported a total shareholding of 137,694,244 shares, representing 53.43% of the total shares outstanding[22] - The largest shareholder, Xu Songshan, holds 36,566,730 shares, accounting for 14.19% of the total[20] - Xu Rishan, another significant shareholder, holds 29,325,957 shares, representing 11.38% of the total[20] - The company experienced a decrease of 1,676,482 shares in total shareholding during the reporting period[22] Other Information - The company has no ongoing litigation or arbitration matters during the reporting period[25] - There were no external guarantees or loans provided by the company during the reporting period[25] - The company has implemented an employee stock ownership plan, which was approved by the shareholders[25] - The company has fulfilled its previously disclosed commitments in a timely manner[25] - There are no significant related party transactions reported during the period[25] - The company has not faced any investigations or penalties during the reporting period[25]