AURORA(SH:600666)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥99,327,556.86, a decrease of 31.91% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was -¥357,555,943.29, with a year-to-date net profit of -¥537,520,319.78[5]. - The basic earnings per share for Q3 2022 was -¥0.29, and the diluted earnings per share was also -¥0.29[6]. - Total operating revenue for the first three quarters of 2022 was CNY 410,364,397.34, a decrease from CNY 452,559,381.55 in the same period of 2021, representing a decline of approximately 9.3%[31]. - The net loss for the third quarter of 2022 was CNY 537,470,541.86, compared to a net loss of CNY 158,350,861.99 in the same quarter of 2021, indicating a significant increase in losses[33]. - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.4400, compared to CNY -0.1290 in the same quarter of 2021[34]. - The total liabilities as of the end of the third quarter of 2022 amounted to CNY 3,297,445,987.47, an increase from CNY 2,914,307,170.64 at the same time last year[29]. - The total equity attributable to shareholders of the parent company was CNY -848,887,604.11, compared to CNY -311,367,284.33 in the previous year, indicating a worsening financial position[29]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥2,470,549,581.86, reflecting a decrease of 5.88% from the end of the previous year[6]. - As of September 30, 2022, the company's total current assets amounted to RMB 803,705,468.24, a decrease from RMB 863,608,284.97 at the end of 2021[27]. - The company's accounts receivable stood at RMB 271,243,787.74, down from RMB 313,999,041.10 in the previous year[27]. - The company's inventory decreased to RMB 463,416,474.24 from RMB 494,438,984.39 as of December 31, 2021[27]. - The company reported a negative net asset value of RMB -848,887,604.11 as of the end of the reporting period[25]. - The company has a non-operating fund occupation balance of 357.57 million RMB as of the end of the reporting period[15]. - The company has unauthorized guarantees totaling 55 million RMB[15]. - The company is involved in a lawsuit with a potential liability of 77.62 million RMB related to a guarantee contract[16]. - The company has a contingent liability of 168.29 million RMB from a trust loan that was not repaid[17]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥14,175,064.91, down 51.72% year-on-year[5]. - In the first three quarters of 2022, the cash inflow from operating activities was approximately $316.54 million, a decrease of 28.3% compared to $441.15 million in the same period of 2021[35]. - The net cash outflow from operating activities was $14.18 million in 2022, down from $29.36 million in 2021, indicating a decline of 51.8%[35]. - Cash outflow for purchasing goods and services was $130.02 million in 2022, compared to $144.74 million in 2021, reflecting a decrease of 10.2%[35]. - The cash inflow from investment activities was $30,000 in 2022, while cash outflow was $6.42 million, resulting in a net cash outflow of $6.42 million, compared to a net outflow of $5.08 million in 2021[36]. - The cash outflow for financing activities was $13,030.69 in 2022, significantly lower than $32.83 million in 2021, marking a reduction of 60.3%[36]. - The net increase in cash and cash equivalents for the period was $7.74 million in 2022, contrasting with a decrease of $8.55 million in 2021[36]. - The ending balance of cash and cash equivalents was $10.71 million in 2022, up from $5.40 million in 2021, indicating an increase of 98.5%[36]. - The company received $105,279.32 in tax refunds in 2022, a significant drop from $922,598.95 in 2021, representing a decline of 88.6%[35]. - The cash received from other operating activities was $4.61 million in 2022, down from $72.15 million in 2021, reflecting a decrease of 93.6%[35]. - The company reported a cash outflow of $55.55 million for other operating activities in 2022, compared to $163.90 million in 2021, indicating a reduction of 66.1%[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,517[13]. - The largest shareholder, Zuo Hongbo, holds 232,271,715 shares, accounting for 18.93% of total shares[13]. - The second-largest shareholder, Chu Shuxia, holds 155,722,213 shares, representing 12.6% of total shares[13]. - The company has not disclosed any relationships among other shareholders[14]. Legal and Regulatory Issues - The company is facing a risk of delisting due to negative net assets and potential bankruptcy if the restructuring fails[25]. - The company has received a court decision to initiate pre-restructuring procedures due to its inability to repay debts[23]. - The company is actively seeking to recruit and select restructuring investors, with two entities having submitted applications[24]. - The company is pursuing recovery of funds from its controlling shareholder to protect investor interests[15]. - The company is actively managing legal disputes to minimize adverse impacts on its operations[16]. Research and Development - The company reported a significant increase in research and development expenses, which rose to CNY 47,350,744.01 from CNY 23,516,432.66, representing an increase of about 100.5%[32]. - The company reported a significant increase in financial expenses and research and development costs, contributing to the decline in net profit[10]. - The company has not reported any new product developments or market expansion strategies in this quarter[10].