AURORA(SH:600666)2024-04-26 10:11Financial Performance - The company's operating revenue for Q1 2024 was ¥87,265,864.09, representing a year-on-year increase of 95.26%[5] - The net profit attributable to shareholders was -¥16,052,986.58, a decrease of ¥3,801,800 compared to the same period last year[9] - The net loss for Q1 2024 was ¥17,364,554.61, compared to a net loss of ¥13,168,557.48 in Q1 2023, reflecting a deterioration in performance[21] - The gross profit margin for Q1 2024 was approximately -28.5%, down from -29.4% in Q1 2023, indicating increased cost pressures[20] - Total operating costs for Q1 2024 were ¥112,439,831.22, up 74.8% from ¥64,348,556.18 in Q1 2023[20] Cash Flow - The net cash flow from operating activities was -¥97,426,875.10, reflecting a decrease of 742% year-on-year[5] - The company's cash flow from operating activities for Q1 2024 showed a negative trend, indicating potential liquidity challenges[23] - The cash inflow from operating activities was approximately $110.41 million, a decrease from $145.86 million in Q1 2023, representing a decline of about 24.3%[24] - The net cash outflow from operating activities in Q1 2024 was approximately -$97.43 million, compared to a positive cash flow of $15.18 million in Q1 2023[24] - The company received approximately $12.07 million in other operating cash in Q1 2024, a decrease from $128.32 million in Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,087,416,604.91, a decrease of 3.98% from the end of the previous year[6] - The total assets decreased to ¥2,087,416,604.91 in Q1 2024 from ¥2,173,922,897.17 in Q1 2023, a decline of 4.0%[18] - The total liabilities decreased to ¥1,030,663,716.62 in Q1 2024 from ¥1,099,805,454.27 in Q1 2023, a reduction of 6.3%[18] - As of March 31, 2024, the total current assets amounted to RMB 708.45 million, a decrease from RMB 758.29 million as of December 31, 2023[16] Revenue Sources - The increase in operating revenue was primarily driven by a rise in sapphire product sales and new computing power service revenue of ¥2,682.91[9] - The computing power leasing business generated revenue of RMB 26.83 million, representing a quarter-over-quarter growth of 185.35%, with a gross profit of RMB 10.27 million[13] Expenses - Management, sales, and R&D expenses increased year-on-year, contributing to the decline in net profit attributable to shareholders[9] - Research and development expenses for Q1 2024 amounted to ¥4,072,556.18, an increase of 23.5% from ¥3,296,325.97 in Q1 2023, highlighting a focus on innovation[20] Market and Business Strategy - The company has maintained a focus on cost control and efficiency improvements despite ongoing losses in the sapphire business[13] - The company continues to explore strategies for market expansion and new product development to enhance overall performance[13] Shareholder Information - The company has not reported any changes in the shareholding structure or significant shareholder activities during the reporting period[12]