AURORA(SH:600666)2019-10-24 16:00Financial Performance - Operating revenue for the first nine months was CNY 609,609,551.76, down 26.69% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 26,065,036.26, compared to a loss of CNY 4,537,048.57 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.0212, compared to -CNY 0.0037 in the same period last year[7] - Total operating revenue for Q3 2019 was ¥150,873,812.52, a decrease of 31.1% compared to ¥219,147,204.31 in Q3 2018[35] - Net profit for Q3 2019 was ¥13,384,574.82, compared to a net loss of ¥47,894,816.84 in Q3 2018[36] - The total profit (loss) for Q3 2019 was -¥41,952,376.47, compared to -¥49,599,930.55 in Q3 2018[36] - The net profit attributable to shareholders for Q3 2019 was 10,732,299.16 RMB, compared to a net loss of 12,767,376.13 RMB in Q3 2018, marking a significant improvement[42] - The total comprehensive income for the parent company in Q3 2019 was 13,532,056.64 RMB, while it was a loss of 46,266,870.38 RMB in the same period last year[38] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,278,812,184.88, a decrease of 1.68% compared to the end of the previous year[6] - The company's total liabilities were CNY 3,609,678,956.94, slightly down from CNY 3,656,876,834.35, indicating a decrease of approximately 1.3%[29] - The company's equity attributable to shareholders decreased to CNY 648,568,651.46 from CNY 674,633,687.72, a decline of about 3.9%[29] - Total assets as of Q3 2019 amounted to ¥4,943,281,077.21, up from ¥4,913,648,544.65 in the previous year[34] - Total liabilities increased to ¥484,194,018.38 in Q3 2019 from ¥419,519,141.02 in Q3 2018[34] - The company's equity decreased to ¥4,459,087,058.83 in Q3 2019 from ¥4,494,129,403.63 in Q3 2018[34] Cash Flow - The net cash flow from operating activities was CNY 88,873,119.59, a significant improvement from a negative CNY 149,881,810.48 in the previous year[6] - Operating cash inflow for the first three quarters of 2019 was CNY 475,843,016.63, a decrease of 37.6% compared to CNY 762,874,942.56 in the same period of 2018[44] - Total cash inflow from operating activities included CNY 431,229,273.03 from sales, a decrease of 31.1% from CNY 626,488,031.85 in 2018[44] - Cash flow from investing activities showed a net outflow of CNY 8,966,972.33, compared to a net outflow of CNY 22,091,647.66 in the same period last year, indicating a reduction in investment expenditures[45] - Cash flow from financing activities resulted in a net outflow of CNY 73,948,863.58, a decline from a net inflow of CNY 189,137,744.30 in the previous year, primarily due to reduced borrowings[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 72,099[9] - The largest shareholder, Zuo Hongbo, held 19.00% of the shares, with 93,471,715 shares frozen[9] Government and Regulatory Matters - The company received government subsidies amounting to CNY 21,950,563.80 during the reporting period[7] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of securities laws[13] Debt and Legal Issues - The company has outstanding debts totaling approximately RMB 484.14 million related to unauthorized external borrowings and guarantees, with RMB 250 million in guarantees specifically noted[19] - The company is facing significant litigation risks, with some subsidiaries' assets being judicially frozen, which may lead to bankruptcy risks if creditors pursue legal actions[17] - The actual controllers of the company are at risk of losing control due to share pledges reaching the liquidation line and ongoing debt disputes[20] - The company has initiated a debt-to-equity swap involving RMB 74 million in receivables from a subsidiary, aiming to convert these debts into equity investments[20] Performance Commitments - The company has a performance compensation obligation of 37.97 million shares due to unmet performance commitments, alongside an additional 2.31 million shares for asset valuation compensation[23] - The company is actively urging performance commitment parties to fulfill their compensation obligations to protect shareholder interests[24] - The company has sent notifications to performance commitment parties regarding asset impairment compensation obligations on September 24, 2019[24] - The company reported a significant increase in inventory, which stood at CNY 641,412,686.57 compared to CNY 724,720,434.21 at the end of 2018, indicating a decrease of approximately 11.5%[27] Research and Development - Research and development expenses surged by 197.44% to ¥25,358,722.64, reflecting an increase in capitalized R&D expenditures[11] - Research and development expenses for the first three quarters of 2019 were ¥38,202,758.96, compared to ¥12,844,036.32 in the same period of 2018[36]