AURORA(SH:600666)2021-04-19 16:00Financial Performance - Operating revenue increased by 84.38% to CNY 138,861,723.25 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 48,509,224.40, compared to a loss of CNY 20,315,419.97 in the same period last year[7] - Basic and diluted earnings per share were both CNY -0.04, compared to CNY -0.02 in the same period last year[7] - The weighted average return on net assets was -148.78%, a significant decline from -2.78% in the same period last year[7] - Total operating revenue for Q1 2021 reached ¥138.86 million, a significant increase of 84.5% compared to ¥75.31 million in Q1 2020[37] - The net loss for Q1 2021 was ¥49.15 million, compared to a net loss of ¥20.69 million in Q1 2020, indicating a deterioration in financial performance[38] - The company reported a total profit loss for Q1 2021 of ¥49.29 million, compared to a loss of ¥17.50 million in Q1 2020, indicating a worsening financial situation[37] Assets and Liabilities - Total assets decreased by 1.93% to CNY 2,895,061,853.15 compared to the end of the previous year[7] - The total liabilities decreased from CNY 2,873,214,340.92 to CNY 2,865,246,507.42, indicating a reduction of about 0.3%[31] - The owner's equity decreased from CNY 78,966,022.33 to CNY 29,815,345.73, representing a significant decline of approximately 62.2%[31] - The total current assets increased from CNY 1,085,525.26 to CNY 1,764,826.17, marking an increase of approximately 62.5%[33] - The non-current assets totaled CNY 1,824,097,723.72, down from CNY 1,853,935,272.96, reflecting a decrease of approximately 1.6%[30] Cash Flow - Net cash flow from operating activities was CNY 23,270,940.18, a significant improvement from a negative cash flow of CNY 45,991,657.96 in the same period last year[7] - Cash inflows from operating activities totaled ¥148.41 million in Q1 2021, a decrease from ¥270.09 million in Q1 2020[43] - The total cash and cash equivalents at the end of Q1 2021 were ¥11,323,874.17, down from ¥24,700,750.50 at the end of Q1 2020, indicating a decrease of approximately 54% year-over-year[45] - The company’s cash and cash equivalents decreased by ¥2,623,521.85 in Q1 2021, compared to a decrease of ¥47,216,157.45 in Q1 2020, indicating a reduced cash burn rate[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,999[12] - The largest shareholder, Zuo Hongbo, held 18.93% of the shares, with 232,271,715 shares, of which 93,471,715 shares were frozen[12] Government and Legal Issues - The company received government subsidies amounting to CNY 4,901,700.09 during the reporting period[7] - The company received a notice from the China Securities Regulatory Commission regarding a potential violation of securities laws, leading to an investigation[21] - The actual controller's shares have been judicially frozen due to debt disputes, posing a risk of change in actual control[22] - The company faces litigation risks, with some accounts and assets frozen, potentially leading to bankruptcy or liquidation risks if creditors pursue legal action[20] Operational Costs and Expenses - Operating costs rose by ¥62,388,650.78, reflecting a 98.52% increase, attributed to the rise in operating revenue[15] - Sales expenses surged by ¥3,650,380.79, marking a 182.99% increase due to increased market expansion and product promotion efforts[15] - Research and development expenses decreased by ¥5,739,733.10, a reduction of 43.59%, as the company cut back on certain R&D projects for cost-effectiveness[15] Debt and Performance Commitments - The company has recognized a total of ¥250,000,000.00 in unauthorized guarantees, which were issued without board approval[18] - The company is required to compensate for unfulfilled performance commitments totaling 40,277.21 million shares due to unmet profit targets[25] - The performance commitment from the actual controllers includes a cumulative net profit of no less than RMB 69,229.58 million for 2015 and 2016, which has not been fulfilled[23] - The company plans to continue pursuing repayment from the controlling shareholder to resolve the non-operating fund occupation issue and protect investor interests[17]