NORTHLAND(BJ:430047)2023-10-25 16:00Financial Performance - Revenue for the first nine months of 2023 was CNY 47,817,289.36, a decrease of 14.89% compared to CNY 56,186,221.05 in the same period last year[10] - Net loss attributable to shareholders for the first nine months was CNY 48,648,574.93, compared to a loss of CNY 54,521,579.54 in the same period last year[10] - Total operating revenue for the first nine months of 2023 was CNY 47,817,289.36, a decrease of 15.0% compared to CNY 56,186,221.05 in the same period of 2022[36] - Net loss for the first nine months of 2023 was CNY 44,977,879.38, an improvement from a net loss of CNY 50,804,509.78 in the same period of 2022[38] - Basic and diluted earnings per share for the first nine months of 2023 were both CNY -0.19, compared to CNY -0.21 in 2022[38] Assets and Liabilities - Total assets decreased by 6.89% to CNY 321,444,022.00 compared to the end of last year[10] - Total current assets decreased from ¥184,619,955.15 in 2022 to ¥122,764,053.29 in 2023, a decline of approximately 33.5%[28] - Total liabilities increased from ¥106,169,377.54 in 2022 to ¥110,327,148.41 in 2023, an increase of approximately 3.9%[30] - The company's total assets decreased from ¥345,231,281.15 in 2022 to ¥321,444,022.00 in 2023, a reduction of about 6.9%[30] - The company's equity attributable to shareholders decreased from ¥198,440,667.75 in 2022 to ¥166,824,942.18 in 2023, a decline of about 16%[30] - The company's total current liabilities increased from ¥70,235,680.32 in 2022 to ¥74,506,318.73 in 2023, an increase of approximately 6.4%[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 37,779,043.24, compared to a net inflow of CNY -864,388.61 in the same period last year[10] - Operating cash inflow for the first nine months of 2023 was CNY 61,922,430.86, down 40.4% from CNY 103,777,713.89 in the same period of 2022[42] - Cash inflow from financing activities was CNY 15,949,454.87, compared to CNY 4,024,800.00 in the same period of 2022[43] - The company reported a net increase in cash and cash equivalents of CNY -102,209,298.89 for the first nine months of 2023[43] Shareholder Information - Major shareholders include Xu Songshan with 14.13% and Xu Rishan with 11.33% of total shares, both of whom are natural persons and related parties[20] - The total number of shareholders holding more than 5% of shares is 10, with a total of 136,440,620 shares held collectively[21] - The company has not reported any pledges or judicial freezes on shares held by major shareholders[22] - The company has disclosed its commitment to voluntary share restrictions by major shareholders, effective from October 18, 2023[18] Other Income and Expenses - Other income increased by 410.88% to CNY 2,253,709.11 due to new subsidy projects[12] - Investment income rose by 164.85% to CNY 345,252.01, attributed to increased interest from structured deposits[12] - Research and development expenses for the first nine months of 2023 were CNY 41,342,215.09, a slight decrease from CNY 42,768,102.61 in 2022[37] - The company reported a decrease in sales expenses to CNY 9,050,420.19 from CNY 22,986,626.07 in the same period of 2022[37] Construction and Projects - The company’s cash and cash equivalents decreased by 65.10% to CNY 54,803,629.24 due to increased payments for construction projects[11] - The company’s construction in progress increased by 84.88% to CNY 92,199,074.98 as a result of ongoing industrialization projects[11] Legal and Compliance - There were no significant legal disputes or external guarantees during the reporting period[24] - The company has not engaged in any significant asset acquisitions or disposals during the reporting period[24] - The company has implemented an employee incentive plan, which was approved by the shareholders' meeting[24]