AURORA(SH:600666)2016-10-27 16:00Financial Performance - Operating revenue decreased by 32.81% to CNY 591,333,434.44 for the period from January to September compared to the same period last year[6] - Net profit attributable to shareholders decreased by 61.82% to CNY 76,464,696.04 for the third quarter compared to the same period last year[7] - Basic and diluted earnings per share decreased by 62.16% to CNY 0.14 per share[7] - Total operating revenue for Q3 2023 was ¥277,013,479.75, a decrease of 12.1% compared to ¥315,046,817.06 in Q3 2022[32] - Net profit for the first nine months of 2023 was ¥107,864,661.13, down 47.5% from ¥205,017,290.06 in the same period of 2022[33] - The company reported a gross profit margin of approximately 10.5% for Q3 2023, compared to 34.4% in Q3 2022[32] - Operating profit for Q3 2023 was ¥37,585,822.23, a decline of 65.8% from ¥109,712,914.73 in Q3 2022[33] - The company achieved a total profit of ¥50,956,620.49 in Q3 2023, a decrease of 53.8% from ¥110,493,103.62 in Q3 2022[33] Assets and Liabilities - Total assets increased by 2.18% to CNY 5,953,371,996.75 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 5.06% to CNY 2,221,898,209.04 compared to the end of the previous year[6] - Total current assets decreased to CNY 1,892,330,608.83 from CNY 1,975,142,143.98, a decline of approximately 4.2%[24] - Total liabilities increased slightly to CNY 3,715,849,311.63 from CNY 3,704,456,960.42, a change of about 0.4%[25] - Non-current assets totaled CNY 4,061,041,387.92, up from CNY 3,851,372,840.43, indicating a growth of about 5.5%[24] Cash Flow - Net cash flow from operating activities decreased by 79.45% to CNY -243,246,172.07 for the period from January to September compared to the same period last year[6] - Cash inflow from operating activities totaled ¥428,058,924.84, a decrease of 27.2% compared to ¥587,888,897.62 in the previous year[40] - Net cash outflow from operating activities was ¥243,246,172.07, worsening from a net outflow of ¥135,553,003.82 year-on-year[40] - Cash inflow from investment activities was ¥585,137,403.22, down 39.7% from ¥971,318,982.22 in the previous year[41] - Net cash outflow from investment activities reached ¥406,724,612.42, compared to a larger outflow of ¥746,342,023.81 last year[41] - Cash inflow from financing activities was ¥348,553,406.84, significantly lower than ¥1,784,940,843.93 in the previous year[41] - Net cash inflow from financing activities was ¥106,229,927.51, a decrease of 88.5% from ¥924,596,928.97 year-on-year[41] - The ending cash and cash equivalents balance was ¥114,910,748.21, down from ¥131,766,886.78 in the previous year[41] Shareholder Information - The total number of shareholders reached 27,140 at the end of the reporting period[12] - The largest shareholder, Zuo Hongbo, holds 19.00% of the shares, with 58,419,822 shares pledged[13] - The company plans to distribute dividends in cash, with a minimum of 10% of the distributable profit for the year, and cumulative cash distributions over the last three years should not be less than 30% of the average annual distributable profit[20] - The company will communicate actively with shareholders, especially minority shareholders, regarding profit distribution proposals[20] Operational Changes - Cash and cash equivalents decreased by 617,742,642.94 RMB, a decline of 81%, due to increased fixed asset investments and payments for raw material purchases[15] - Accounts receivable increased by 277,421,282.19 RMB, a rise of 68%, attributed to new sales that have not yet been collected[16] - Inventory rose by 213,972,639.28 RMB, an increase of 30%, primarily due to expanded production capacity and preparations for fourth-quarter stock[16] - Operating costs fell by 178,136,950.45 RMB, a decrease of 34%, resulting from the decline in operating revenue[16] - The company reported a 571% increase in asset impairment losses, amounting to 41,758,597.14 RMB, due to provisions for inventory write-downs[16] - The company recorded an asset impairment loss of ¥44,640,194.07 in Q3 2023, significantly higher than ¥3,497,512.56 in Q3 2022[32] - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[32]