NORTHLAND(BJ:430047)2025-04-23 14:05Financial Performance - Net profit attributable to shareholders was CNY -7,716,806.44, an improvement from CNY -12,250,307.09 in the same period last year[10] - Operating revenue increased by 1.85% to CNY 16,420,451.13 compared to CNY 16,121,526.48 in the previous year[10] - The company's basic earnings per share improved to CNY -0.03 from CNY -0.05 in the previous year[10] - The weighted average return on net assets based on net profit attributable to shareholders was -2.36%, an improvement from -4.13% in the same period last year[10] - Net loss for Q1 2025 was ¥6,783,601.29, an improvement compared to a net loss of ¥11,280,541.80 in Q1 2024[34] - Comprehensive loss for Q1 2025 totaled ¥7,043,386.09, compared to a comprehensive loss of ¥11,521,154.71 in Q1 2024[34] - Total comprehensive income for Q1 2025 was -8,742,195.99, an improvement from -13,593,141.73 in Q1 2024, showing a reduction in comprehensive losses by about 35.5%[38] Assets and Liabilities - Total assets decreased by 8.63% to CNY 436,312,529.93 compared to the end of the previous year[10] - The company's asset-liability ratio decreased to 14.45% from 20.36% year-on-year[10] - Total current assets amounted to CNY 174,502,470.71 as of March 31, 2025, compared to CNY 237,983,211.85 on December 31, 2024, reflecting a decrease of approximately 26.7%[27] - Non-current assets totaled CNY 261,810,059.22 as of March 31, 2025, up from CNY 239,550,794.49 on December 31, 2024, indicating an increase of about 9.3%[28] - Total liabilities decreased from CNY 97,217,059.37 on December 31, 2024, to CNY 63,038,969.05 as of March 31, 2025, a reduction of about 35.2%[29] - The company's equity attributable to shareholders decreased from CNY 331,442,284.06 on December 31, 2024, to CNY 323,465,692.82 as of March 31, 2025, a decline of approximately 2.9%[29] Cash Flow - Cash flow from operating activities was CNY -18,923,393.62, a significant decline from CNY -5,456,755.62 in the same period last year[10] - Cash flow from operating activities for Q1 2025 was -18,923,393.62, worsening from -5,456,755.62 in Q1 2024[39] - Cash flow from investment activities for Q1 2025 was -78,630,405.71, compared to -158,861,228.05 in Q1 2024, indicating a decrease in cash outflow by approximately 50.5%[40] - The cash inflow from financing activities amounted to $224.20 million, with a net cash flow of $214.11 million after outflows[43] - The net increase in cash and cash equivalents was -$38.77 million, contrasting with an increase of $50.06 million in the prior period[43] Shareholder Information - The total number of ordinary shares outstanding at the end of the reporting period was 274,271,974, with 65.67% held by the controlling shareholder[16] - The top ten shareholders collectively held 127,690,083 shares, representing 46.56% of total shares, with no shareholder pledging or freezing their shares[18][20] - The number of ordinary shareholders was 7,446 at the end of the reporting period[17] Research and Development - Research and development expenses decreased by 45.17% to CNY 6,627,675.84 due to reduced expenses related to ongoing projects[13] - Research and development expenses for Q1 2025 were ¥6,627,675.84, a decrease from ¥12,088,644.58 in Q1 2024, indicating a potential shift in investment strategy[33] - Research and development expenses for Q1 2025 were 5,593,288.44, down from 11,464,739.20 in Q1 2024, a reduction of about 51.1%[37] Government Support and Other Income - The company received government subsidies amounting to CNY 135,089.18, related to personal income tax refund projects[14] - Non-recurring gains and losses totaled CNY 359,433.64, with a net amount of CNY 288,011.76 after tax impacts and minority interests[14] - The company reported a fair value change gain of CNY 235,139.66 from financial assets and liabilities[14] Compliance and Governance - The company has not disclosed any major litigation or arbitration matters during the reporting period[23] - There were no significant related party transactions or fund misappropriation incidents reported[23] - The company has complied with all internal review procedures for significant events and disclosed them in a timely manner[23] - The company has not undergone any accounting policy changes or error corrections during the reporting period[15]