AURORA(SH:600666)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 20.81% to CNY 30,720,563.89 year-on-year[6] - Operating revenue fell by 31.48% to CNY 151,636,080.27 compared to the same period last year[6] - Basic earnings per share dropped by 55.56% to CNY 0.04 compared to the previous year[6] - The net profit after deducting non-recurring gains and losses decreased by 27.05% to CNY 23,708,420.70 year-on-year[6] - Net profit for Q1 2016 was ¥30,568,160.44, a decline of 19.2% from ¥37,838,680.51 in Q1 2015[31] - Total operating revenue for Q1 2016 was ¥151,636,080.27, a decrease of 31.5% compared to ¥221,300,775.99 in the same period last year[30] - Earnings per share for Q1 2016 were ¥0.04, compared to ¥0.09 in the same quarter last year, reflecting a 55.6% decrease[31] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -184,594,988.14, a decrease of 235.77% year-on-year[6] - Cash received from sales of goods and services dropped by 141,078,573.83, a decline of 58.66%, due to reduced sales revenue[15] - The total cash and cash equivalents at the end of the period were 219,370,685.28 RMB, down from 658,651,589.08 RMB at the beginning of the period, reflecting a decrease of 439,280,903.80 RMB[39] - The cash inflow from operating activities was significantly lower at 53,131.08 RMB compared to 428,526,031.85 RMB in the previous period[40] - The net cash flow from investment activities was -32,252,328.77 RMB, indicating a continued investment outflow[41] - The total cash outflow for financing activities was 313,648,504.66 RMB, leading to a net cash flow of -121,962,695.78 RMB[41] Assets and Liabilities - Total assets decreased by 1.34% to CNY 5,748,266,511.86 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 467,007,104.61, a decline of 61.4%, due to increased fixed asset investments and payments for raw material purchases[14] - Accounts receivable increased by 18,242,190.73, a rise of 358.9%, attributed to new customer collections[14] - The company's current assets totaled CNY 1,801,767,854.79, down from CNY 1,975,142,143.98 at the beginning of the year, indicating a decline of approximately 8.76%[21] - The total liabilities decreased to CNY 3,595,640,327.43 from CNY 3,704,456,960.42, representing a reduction of approximately 2.94%[22] - Long-term borrowings increased to CNY 270,000,000.00 from CNY 190,000,000.00, reflecting a growth of approximately 42.1%[22] Shareholder Information - The total number of shareholders reached 19,938 at the end of the reporting period[11] - The largest shareholder, Zuo Hongbo, holds 19.00% of the shares, with 145,764,697 shares pledged[11] - The company plans to achieve a cumulative net profit of no less than 27,879.59 million RMB for 2015, with a target of 69,229.58 million RMB for 2016[15] Dividend Policy - The company guarantees that the distribution of dividends will not exceed the cumulative undistributed profits at the end of the year[18] - The company aims to distribute at least 10% of the annual distributable profits in cash dividends each year[18] - The cumulative cash dividends distributed over the last three years should not be less than 30% of the average annual distributable profits during that period[18] - The company plans to conduct cash dividends annually, subject to profitability and funding needs[18] - The board of directors will propose mid-term cash dividends based on the company's profitability and funding requirements[18] - The company will communicate actively with shareholders, especially minority shareholders, regarding dividend distribution proposals[18]