Oranco Inc

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - RMB (¥)	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Current Assets:
Cash	69,594,118	51,931,639	73,595,652	53,163,966
Prepaid expenses and other current assets	78,427,568	74,143,733	55,038,598	44,986,398
Total Current Assets	173,252,476	173,209,804	152,757,392	138,276,556
Other assets:
Intangibles	0	0	0	0
Investment in SG Austria	1,000,000	1,000,000	1,000,000	1,000,000
Other Assets	8,884,147	9,036,567	9,193,360	9,362,240
Total Other Assets	9,884,147	10,036,567	10,193,360	10,362,240
Total Assets	186,085,831	186,250,224	166,012,342	151,763,020
Current Liabilities
Accounts payable	573,401	438,596	339,120	247,685
Total current liabilities	25,876,458	30,324,686	29,191,939	24,994,817
Total Liabilities	107,658,263	112,106,491	110,973,744	106,776,622
Shareholder's Equity
Common stock:	2,765,228	2,765,228	2,765,228	2,765,228
Additional paid in capital	0	0	0	0
Accumulated deficit	75,662,340	71,378,505	52,273,370	42,221,170
Accumulated other comprehensive loss	0	0	0	0
Total stockholders' equity	78,427,568	74,143,733	55,038,598	44,986,398
Total Liabilities and Stockholders' Equity	186,085,831	186,250,224	166,012,342	151,763,020

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - RMB (¥)	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019

Revenues:
Revenue	13,774,340	41,518,913	25,667,997	8,232,442
Operating Expenses:
Research and development costs	0	0	0	0
Selling General and Administrative	3,773,624	4,005,348	4,289,950	4,767,445
Total Operating Expenses	7,754,128	16,199,953	11,703,921	11,445,976
Income Tax Expense	1,774,454	6,143,256	3,938,273	3,304,061
Loss from operations	6,020,212	25,318,960	13,964,076	(3,213,534)
Net Loss	6,020,212	25,318,960	13,964,076	(3,213,534)
Loss from operations	7,754,128	16,199,953	11,703,921	11,445,976
Interest Expense	(2,572)	(122,162)	(19,455)	(91,023)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - RMB (¥)	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Cash flows from operating activities:
Net loss	4,283,836	19,105,135	10,052,200	(6,507,768)
Adjustments to reconcile net loss to net cash used in operating activities:
Net loss to net cash used in operating activities	17,692,479	(21,559,135)	19,931,686	886,028
Insurrance of Stock	0	0	0	0
Capital Expenditures	0	(4,878)	(4,878)	(5,066,081)
Income from Continuing Operations
Net Income	4,283,836	19,105,135	10,052,200	(6,507,768)
Change in assets and liabilities:
Total Change in assets and liabilities	134,805	99,476	91,435	103,592
Cash flows from investing activities:
Net cash flows used in investing activities	0	(4,878)	(4,878)	(4,816,081)
Cash flows from financing activities:
Other cash flows used in financing activities	0	0	0	(300,000)
Net cash provided by financing activities	(30,000)	(100,000)	500,000	(300,000)
Change in Cash and Cash Equivalents
Net decrease in cash	17,662,478	(21,664,012)	20,431,686	(4,230,053)

Quarterly Financial