万春医药 2026年季度报告

FORM10-Q or Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ As of April 30, 2026, 41,119,820 shares of the Registrant’s ordinary shares, par value $0.0001 per share, were outstanding. BEYONDSPRING INC.FORM10-Q FOR THE QUARTER ENDED MARCH31, 2025TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS PART I.FINANCIAL INFORMATION Item 1.Financial StatementsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of Comprehensive Income (Loss)Condensed Consolidated Statements of Shareholders’ DeficitCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A. Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of Proceeds from Registered SecuritiesItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits SIGNATURES FORWARD-LOOKING STATEMENTS This Quarterly Report on Form10-Q contains forward-looking statements that are based on our management’s belief andassumptions and on information currently available to our management. Although we believe that the expectations reflected inthese forward-looking statements are reasonable, these statements relate to future events or our future financial performance, andinvolve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performanceor achievements to be materially different from any future results, levels of activity, performance or achievements stated in orimplied by these forward-looking statements. All statements other than statements of historical facts are forward-looking statements. These forward-looking statementsare made under the “safe harbor” provision under Section27A of the Securities Act of 1933, as amended, or the Securities Act, andSection21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and as defined in the Private SecuritiesLitigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,”“should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue” or the negativeof these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance onforward-looking statements because they involve known and unknown risks, uncertainties and other factors, which are, in somecases, beyond our control and which could materially affect results. You should refer to “PartII. Other Information—Item1A. RiskFactors” and elsewhere in this Quarterly Report on Form10-Q and other documents we file with the Securities and ExchangeCommission (the “SEC”) for specific risks that could cause actual results to be significantly different from those stated in orimplied by these forward-looking statements. If one or more of these risks or uncertainties occur, or if our underlying assumptionsprove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-lookingstatements. No forward-looking statement is a guarantee of future performance. You should read this Quarterly Report on Form10-Q and the documents that we reference in this Quarterly Report on Form10-Q completely and with the understanding that ouract