NORTHLAND(BJ:430047)2024-04-25 11:23Financial Performance - Operating revenue for the first quarter increased by 30.17% to ¥16,121,526.48 compared to the same period last year[11] - Net loss attributable to shareholders improved to ¥-12,250,307.09 from ¥-15,653,304.13 in the same period last year[11] - The net profit for Q1 2024 was reported at -¥11,280,541.80, an improvement compared to -¥15,153,590.93 in Q1 2023, reflecting a reduction in losses of about 25.5%[35] - The total comprehensive income for Q1 2024 was -¥11,521,154.71, an improvement from -¥15,471,427.08 in Q1 2023, representing a reduction in comprehensive losses of approximately 25.5%[35] - The total profit margin for Q1 2024 was -69.8%, an improvement from -127.5% in Q1 2023, reflecting a better cost management strategy[35] Assets and Liabilities - Total assets increased by 55.68% to ¥510,821,900.17 compared to the end of last year[11] - Total liabilities decreased to ¥101,732,174.67 from ¥131,496,996.06, a reduction of 22.6%[30] - Shareholders' equity rose significantly to ¥409,089,725.50, compared to ¥196,623,722.96, marking an increase of 108%[30] - Non-current assets totaled ¥278,665,242.54, up from ¥181,276,957.07, reflecting a growth of 53.7%[32] - Current liabilities decreased to ¥70,830,015.03 from ¥97,488,374.41, a decline of 27.3%[29] Cash Flow - Cash flow from operating activities improved to ¥-5,456,755.62 from ¥-6,283,074.74 in the same period last year[11] - Operating cash inflow for Q1 2024 was CNY 18,975,725.79, slightly up from CNY 18,845,432.31 in Q1 2023, reflecting a growth of 0.69%[38] - Net cash outflow from operating activities was CNY -5,456,755.62 for Q1 2024, an improvement compared to CNY -6,283,074.74 in Q1 2023, indicating a reduction of 13.14%[40] - The net increase in cash and cash equivalents for Q1 2024 was CNY 48,288,937.68, a significant recovery from a decrease of CNY -37,432,429.72 in Q1 2023[40] - The ending cash and cash equivalents balance for Q1 2024 stood at CNY 84,178,110.38, compared to CNY 111,680,498.41 at the end of Q1 2023[40] Share Capital and Equity - Net assets attributable to shareholders increased by 138.04% to ¥364,709,122.09 compared to the end of last year[11] - The total number of unrestricted shares increased from 164,000,356 to 165,396,029, representing a decrease in percentage from 63.38% to 60.17%[18] - The total number of restricted shares rose from 94,767,547 to 109,477,945, increasing the percentage from 36.62% to 39.83%[18] - The total share capital increased from 258,767,903 to 274,873,974 shares, reflecting an increase of 16,106,071 shares[19] - The company plans to issue 16,106,071 shares with a net amount of approximately 223,884,002.44 yuan, expected to be completed in January 2024[24] Investment and Income - Investment income increased by 188.34% to ¥391,509.54 due to interest income from structured deposits[13] - The company reported an investment income of ¥391,509.54 in Q1 2024, a significant increase from ¥135,780.83 in Q1 2023, marking a growth of approximately 187.5%[35] - Other income for Q1 2024 was recorded at ¥83,897.08, compared to ¥102,894.11 in Q1 2023, showing a decrease of about 18.5%[34] - The company experienced a foreign exchange gain of ¥202,872.26 in Q1 2024, compared to a gain of ¥33,287.67 in Q1 2023, indicating a substantial increase[35] Operational Efficiency - Total operating costs decreased slightly to ¥27,945,489.83 in Q1 2024 from ¥28,456,394.01 in Q1 2023, showing a reduction of about 1.8%[34] - Research and development expenses were ¥12,088,644.58 in Q1 2024, down from ¥13,449,259.47 in Q1 2023, indicating a decrease of approximately 10.1%[34]