AURORA(SH:600666)2019-04-29 16:00Financial Performance - Operating revenue for the current period was CNY 214,585,414.82, down 34.10% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 50,341,486.26, a decrease of 195.30% compared to the previous year[6] - Basic and diluted earnings per share were both CNY -0.04, a decrease of 200.00% compared to the previous year[6] - The weighted average return on net assets was -7.75%, a decrease of 9.74 percentage points year-on-year[6] - Total revenue for Q1 2019 was ¥214,585,414.82, a decrease of 34.1% compared to ¥325,617,984.10 in Q1 2018[29] - Net loss for Q1 2019 was ¥50,395,587.30, compared to a net profit of ¥52,777,893.41 in Q1 2018, indicating a significant decline in profitability[30] - The total comprehensive loss for Q1 2019 was CNY 21,043,657.20, compared to a loss of CNY 1,373,888.87 in Q1 2018, highlighting a significant decline in overall financial health[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,341,530,957.52, a decrease of 0.24% compared to the end of the previous year[6] - The total liabilities of the company were CNY 3,696,711,686.42, compared to CNY 3,656,876,834.35, showing an increase of about 1.1%[23] - The company's total assets as of March 31, 2019, were ¥4,911,781,585.58, slightly down from ¥4,913,648,544.65 at the end of 2018[26] - Total liabilities increased to ¥438,695,839.15 in Q1 2019 from ¥419,519,141.02 in Q4 2018, marking a rise of 4.2%[27] - The total assets as of Q1 2019 were 4,352,091,692.75, remaining unchanged from the previous year[44] - The total liabilities were 3,656,876,834.35, also unchanged compared to the previous year[44] Shareholder Information - Net assets attributable to shareholders of the listed company decreased by 7.46% to CNY 624,292,201.46[6] - The total number of shareholders at the end of the reporting period was 94,352[10] - The largest shareholder, Zuo Hongbo, held 19.00% of the shares, amounting to 233,223,515 shares, which are frozen[11] - The company's equity attributable to shareholders decreased to CNY 624,292,201.46 from CNY 674,633,687.72, a decline of approximately 7.4%[24] Cash Flow and Financial Activities - The net cash flow from operating activities increased by 7.84% to CNY 33,798,893.63[6] - Cash and cash equivalents increased by 35.69% to ¥15,293,743.58 due to increased deposits from acceptance bills and bank deposits[12] - Cash received from sales of goods and services decreased by 31.17% to ¥63,948,524.14, mainly due to reliance on acceptance bills for payment recovery[12] - Cash flow from operating activities generated a net inflow of CNY 33,798,893.63, which is an increase from CNY 31,341,294.14 in Q1 2018, showing a positive trend in operational cash generation[36] - The company reported cash and cash equivalents at the end of Q1 2019 amounting to CNY 19,943,474.08, down from CNY 24,343,301.82 at the end of Q1 2018, indicating a decrease of approximately 18%[37] - Cash outflows from financing activities totaled CNY 23,065,258.76 in Q1 2019, compared to CNY 276,158,004.19 in Q1 2018, showing a significant reduction in financing outflows[37] Expenses - Research and development expenses surged by 447.84% to ¥12,259,478.40, reflecting increased capitalized R&D expenditures[12] - Financial expenses rose by 174.42% to ¥33,828,172.87, attributed to an increase in loan interest[12] - Operating expenses increased, with management expenses rising to CNY 1,371,638.15 from CNY 893,275.94 in the previous year, reflecting a 53.5% increase[34] - The financial expenses surged to CNY 19,205,204.43 in Q1 2019, compared to CNY 2,059.12 in Q1 2018, marking an increase of over 930,000%[34] Legal and Regulatory Issues - The company is under investigation by the China Securities Regulatory Commission for suspected violations of securities laws, which may lead to delisting risks[13] - The company faces litigation and potential liabilities, with some accounts and assets frozen by judicial authorities[14] - There is a risk of bankruptcy liquidation due to debt defaults and judicial actions against the company and its subsidiaries[14] Future Outlook and Plans - The company plans to communicate with creditors to resolve asset freezes and expedite the disposal of certain assets[19] - Aorui De Optical Co., Ltd. is committed to maintaining the interests of small and medium investors amid performance adjustments[19] - The company will enhance communication with intermediaries and investors to explore more feasible implementation plans[19] - The company has adopted new financial instrument standards starting January 1, 2019, which may impact future financial reporting[44]