AURORA(SH:600666)2020-10-23 16:00Financial Performance - Operating revenue for the first nine months was CNY 356,588,766.08, a decrease of 41.51% year-on-year[7] - Net profit attributable to shareholders was negative CNY 167,002,917.52, compared to a loss of CNY 26,065,036.26 in the same period last year[7] - Basic and diluted earnings per share were both negative CNY 0.1361[8] - The weighted average return on net assets decreased by 21.43 percentage points to -25.37%[7] - The company reported a net loss of CNY 1.05 billion as of September 30, 2020, compared to a net loss of CNY 884.71 million at the end of 2019[33] - Total operating revenue for Q3 2020 was ¥168,849,164.99, an increase of 11.8% compared to ¥150,873,812.52 in Q3 2019[38] - Net loss for Q3 2020 was ¥71,029,930.02, compared to a net profit of ¥13,384,574.82 in Q3 2019, reflecting a decline in profitability[39] - The company reported a total profit loss of ¥69,673,096.01 for Q3 2020, compared to a loss of ¥41,952,376.47 in Q3 2019[39] - The total comprehensive loss for Q3 2020 was ¥71,029,930.02, compared to a comprehensive income of ¥13,384,574.82 in Q3 2019[40] Cash Flow and Assets - Net cash flow from operating activities was negative CNY 47,786,431.16, a decrease of 153.77% compared to the same period last year[7] - The company's cash and cash equivalents decreased by 58.58%, from RMB 126,313,064.67 at the end of 2019 to RMB 52,317,701.96 as of September 30, 2020[15] - The company's current assets decreased from CNY 1.49 billion at the end of 2019 to CNY 1.27 billion as of September 30, 2020[31] - The company's cash and cash equivalents decreased from CNY 126.31 million at the end of 2019 to CNY 52.32 million as of September 30, 2020[31] - The total cash and cash equivalents at the end of the third quarter of 2020 was 4,647,114.08 yuan, down from 16,574,350.00 yuan at the end of the same period in 2019[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,841[12] - The largest shareholder, Zuo Hongbo, held 232,271,715 shares, accounting for 18.93% of the total shares, with shares frozen[12] Liabilities and Financial Obligations - The company’s total liabilities decreased by 43.18% for current liabilities due to the repayment of short-term bank loans[15] - The company faces a total of RMB 250 million in unauthorized guarantees, with a specific guarantee amount of RMB 150 million related to Zhejiang Guodu Holdings[19] - The company is involved in litigation with a court ruling requiring payment of RMB 42.90 million in principal and interest from Hangzhou Zunyan[20] - The company has a risk of bankruptcy liquidation due to ongoing lawsuits and judicial freezes on some accounts and assets[22] - The actual controller's shares are at risk of forced liquidation due to debt disputes, which may lead to a change in control[25] Government Support and Subsidies - The company received government subsidies amounting to CNY 14,699,060.62 for the year-to-date[9] Research and Development - Research and development expenses for Q3 2020 were ¥17,674,517.10, up from ¥5,257,633.42 in Q3 2019, showing a 235% increase in investment in innovation[38] - The company incurred research and development expenses of RMB 7,008,067.67 in the first three quarters of 2020, compared to a negative R&D expense of RMB -81,368,951.82 in the same period of 2019[44] Compliance and Legal Issues - The company has faced administrative penalties from the China Securities Regulatory Commission, including a warning and fines[17] - The company is under investigation for potential violations of securities laws, which may lead to further legal and financial repercussions[17] Performance Commitments - The company has committed to achieving a cumulative net profit of no less than RMB 692.30 million from 2015 to 2017, with specific performance compensation obligations[26] - The performance commitment parties are required to compensate a total of 402.77 million shares due to unmet performance commitments and asset impairment[27] - The company has sent formal notifications to performance commitment parties regarding their asset impairment compensation obligations[28] - The company will continue to urge performance commitment parties to fulfill their compensation obligations and disclose relevant progress[28]