AURORA(SH:600666)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥44,692,125.71, a decrease of 68.04% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥12,251,201.05, with no applicable percentage change due to the loss[5] - The net cash flow from operating activities was ¥15,175,409.13, down by 9.67% year-on-year[5] - The company reported a net loss of RMB 2,004,340,943.45 in Q1 2023, compared to a net loss of RMB 1,992,089,742.40 in the same period last year[18] - In Q1 2023, the company reported a net loss of CNY 13,168,557.48, compared to a net loss of CNY 72,207,998.96 in Q1 2022, indicating a significant improvement[22] - The total operating profit for Q1 2023 was CNY -10,919,200.79, an improvement from CNY -58,468,993.84 in the same period last year[21] - The total comprehensive loss for Q1 2023 was CNY -13,168,557.48, compared to CNY -72,207,998.96 in Q1 2022, indicating a narrowing of losses[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,878,172,210.54, a decrease of 16.86% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 2,878,172,210.54, down from RMB 3,461,821,682.82 at the end of 2022, indicating a decrease of approximately 16.8%[18] - Total liabilities decreased to RMB 1,134,582,227.18 from RMB 1,705,063,141.98, a reduction of about 33.5%[18] - The company's equity attributable to shareholders was RMB 1,723,572,171.06, slightly down from RMB 1,735,823,372.11 at the end of 2022[18] Shareholder Information - The total number of common shareholders at the end of the reporting period was 37,089[12] - The top shareholder, Qingdao Zhican Information Industry Development Partnership, holds 13.02% of the shares[12] Revenue and Costs - Total operating revenue for Q1 2023 was RMB 44,692,125.71, a decrease of 68% compared to RMB 139,829,582.04 in Q1 2022[20] - Total operating costs for Q1 2023 were RMB 64,348,556.18, down 68.5% from RMB 204,658,545.96 in Q1 2022[20] - The significant decline in operating revenue was primarily due to a decrease in sales of sapphire products[9] - The company’s total revenue from sales and services received in Q1 2023 was CNY 17,537,524.95, a decrease from CNY 98,016,183.97 in Q1 2022[24] Cash and Cash Equivalents - Cash and cash equivalents as of March 31, 2023, amounted to RMB 28,829,321.80, an increase from RMB 19,573,259.72 at the end of 2022[16] - The company’s cash and cash equivalents at the end of Q1 2023 stood at CNY 23,977,722.80, up from CNY 17,633,773.67 at the end of Q1 2022[26] Accounts Receivable and Inventory - Accounts receivable decreased to RMB 135,721,842.49 from RMB 144,160,519.12 at the end of 2022, reflecting a reduction of approximately 5.5%[16] - Inventory increased to RMB 398,403,081.48 from RMB 380,630,678.55, representing a growth of about 4.9%[16] Research and Development - Research and development expenses in Q1 2023 were CNY 3,296,325.97, significantly lower than CNY 16,216,342.30 in Q1 2022, reflecting a strategic shift in spending[21] Financial Management - The company incurred financial expenses of CNY 346,735.38 in Q1 2023, a decrease from CNY 33,697,918.91 in Q1 2022, suggesting improved financial management[21] - The company’s total cash outflow from operating activities was CNY 130,681,839.47 in Q1 2023, compared to CNY 123,271,278.54 in Q1 2022, indicating a slight increase in cash outflow[25]