AURORA(SH:600666)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥116,851,935.72, representing a year-on-year increase of 17.64%[4] - The net profit attributable to shareholders for the same period was -¥110,152,094.04, with a year-to-date net profit of -¥170,766,022.72, indicating a significant loss[4] - The basic earnings per share for Q3 2023 was -¥0.0399, compared to -¥0.0618 for the same period last year[5] - The weighted average return on equity was -6.80% for Q3 2023, down from -10.35% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥54,011,467.18 for Q3 2023[4] - The net loss for the third quarter of 2023 was RMB 174,061,488.85, compared to a net loss of RMB 537,470,541.86 in the same quarter of 2022[21] - The net profit attributable to the parent company for Q3 2023 was -170,766,022.72 RMB, compared to -537,520,319.78 RMB in Q3 2022, showing an improvement[22] - Basic and diluted earnings per share for Q3 2023 were both -0.0618 RMB, compared to -0.1945 RMB in Q3 2022[22] Assets and Liabilities - The total assets at the end of Q3 2023 were ¥2,642,583,884.67, a decrease of 23.66% compared to the end of the previous year[5] - Total assets as of September 30, 2023, amount to CNY 1,225,421,355.80, a decrease from CNY 2,386,425,025.83 at the end of 2022[16] - The total liabilities for the third quarter of 2023 were RMB 1,059,886,832.68, down from RMB 1,705,063,141.98 in the same period last year[18] - The total equity attributable to shareholders of the parent company decreased to RMB 1,565,057,349.39 from RMB 1,735,823,372.11 year-over-year[18] Cash Flow - The cash flow from operating activities for the year-to-date period was -¥259,716,659.51, reflecting a significant decline[4] - Cash inflow from operating activities for the first three quarters of 2023 was 98,384,494.19 RMB, down from 316,541,512.29 RMB in the same period of 2022, representing a decrease of approximately 68.9%[23] - The net cash outflow from operating activities for Q3 2023 was -259,716,659.51 RMB, compared to a net inflow of 14,175,064.91 RMB in Q3 2022[24] - Cash flow from investing activities for the first three quarters of 2023 was -481,512,013.37 RMB, compared to -6,419,270.10 RMB in the same period of 2022, indicating a significant increase in cash outflow[24] - Cash inflow from financing activities for Q3 2023 was 919,627,107.63 RMB, with a net cash flow of 919,627,102.63 RMB after outflows, compared to -13,030.69 RMB in Q3 2022[24] - The total cash and cash equivalents at the end of Q3 2023 were 190,240,955.58 RMB, up from 10,706,680.69 RMB at the end of Q3 2022[24] Shareholder Information - The top shareholder, Qingdao Zhichuan Information Industry Development Partnership, holds 359,781,840 shares, representing 13.02% of total shares[13] - The second-largest shareholder, Qiongqing Cheng Kunshun Venture Capital Partnership, owns 253,968,253 shares, accounting for 9.19%[13] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of the shares[13] Operational Insights - The company reported a decrease in revenue from sapphire products and single crystal furnace sales, contributing to the overall decline in performance[10] - The financial expenses and non-operating expenditures decreased year-on-year, leading to a reduction in net loss[10] - The company is focusing on restructuring efforts to improve financial stability and operational efficiency[9] - There are no significant changes in the company's operational strategies or market expansion plans mentioned in the report[14] Research and Development - Research and development expenses for the first three quarters of 2023 were RMB 47,350,744.01, compared to RMB 24,739,803.84 in the same period of 2022, reflecting an increase of approximately 90.9%[20] Inventory and Receivables - Accounts receivable rose to CNY 183,705,634.52, up from CNY 144,160,519.12 in the previous year, indicating a growth of approximately 27.5%[16] - Inventory levels increased to CNY 408,539,184.23 compared to CNY 380,630,678.55, reflecting a growth of about 7.4%[16] - Other receivables decreased significantly to CNY 344,422,291.40 from CNY 1,823,480,175.41, a decline of approximately 81.1%[16] Audit and Compliance - The company is currently not subject to any audit opinions for the third quarter of 2023[15] - The company has not adopted new accounting standards for the current year, indicating continuity in financial reporting practices[25]