AURORA(SH:600666)2024-04-19 14:12Financial Performance - The company's operating revenue for Q1 2023 was ¥44,692,125.71, representing 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 a significant increase in R&D and financial expenses contributing to this result[5][9]. - The net cash flow from operating activities was ¥15,175,409.13, down by 9.67% year-on-year[5]. - 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]. - 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]. - 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 company reported a total comprehensive loss of CNY 13,168,557.48 for Q1 2023, compared to a total comprehensive loss of CNY 72,207,998.96 in Q1 2022[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[18]. - Total liabilities decreased to RMB 1,134,582,227.18 from RMB 1,705,063,141.98 year-over-year[18]. - The company's total equity as of March 31, 2023, was RMB 1,743,589,983.36, a slight decrease from RMB 1,756,758,540.84 at the end of 2022[18]. - The company reported a net loss of RMB 2,004,340,943.45 in retained earnings as of March 31, 2023[18]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 37,089[12]. - The largest shareholder, Qingdao Zhican Information Industry Development Partnership, held 13.02% of the shares[12]. Sales and Inventory - The company experienced a significant decline in sapphire product sales, which was the main reason for the drop in overall revenue[9]. - 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]. - Accounts receivable decreased to RMB 135,721,842.49 from RMB 144,160,519.12 year-over-year[16]. - Inventory increased to RMB 398,403,081.48 from RMB 380,630,678.55 year-over-year[16]. 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 as of December 31, 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]. - Cash flow from operating activities showed a net inflow of CNY 15,175,409.13, compared to CNY 16,799,482.34 in the previous year[25]. Research and Development - Research and development expenses decreased to CNY 3,296,325.97 from CNY 16,216,342.30 year-over-year, reflecting a strategic shift in resource allocation[21]. - The company has not disclosed any new product developments or market expansion strategies in the current report[14]. Earnings Per Share - The basic and diluted earnings per share were both -¥0.0044, indicating a loss per share[6][10]. - Basic and diluted earnings per share for Q1 2023 were both CNY -0.004, an improvement from CNY -0.0260 in the same quarter last year[22]. Financial Expenses - The company incurred a tax expense of CNY 1,810,999.86 in Q1 2023, down from CNY 5,583,665.74 in Q1 2022[21]. - The company’s financial expenses decreased significantly to CNY 346,735.38 from CNY 33,697,918.91 year-over-year, indicating improved cost management[21].