Hong Kong IPO disclosure precedents · 16 companies, 16 items
Disclosures quantifying cash burn rate (monthly net cash used in operating activities plus capex) and reliance on equity funding, shareholder contributions or undrawn bank facilities as liquidity sources.
We recorded accumulated losses as of January 1, 2023, and incurred adjusted net losses and net operating cash outflows during the Track Record Period primarily because we continued to invest heavily in research and development, technical talent and market expansion to build our core AI and big data infrastructure capabilities.
Summary · p. 14
During the Track Record Period, we have implemented a series of stringent cash management measures to improve our net operating cash outflow position.
Financial Information · p. 248
Our historical monthly average cash burn rate was RMB43.5 million, RMB32.2 million, RMB14.2 million and RMB23.6 million in 2023, 2024 and 2025 and for the three months ended March 31, 2026, respectively.
Our cash burn rate refers to our average monthly (i) net cash used in operating activities, which includes research and development expenses; and (ii) capital expenditures.
Financial Information · p. 261
Our Directors and our management team will continue to monitor our working capital, cash flows and our business development status.
Our historical cash burn rate increased during the Track Record Period primarily because our net cash used in operating activities increased in line with our business growth.
Summary · p. 11
In addition, we expect to record a shift from net operating cash outflows in 2025 to net operating cash inflows in 2026.
Guthrie Engineering had net cash used in operating activities amounted to S$12.4 million, S$14.7 million and S$3.9 million for the year ended 31 December 2023, 2024 and the six months ended 30 June 2025.
Financial Information · p. 223
It was mainly resulted from its profit/loss during the respective year and period, and the changes in working capital, mainly being increase in trade and other receivables, increase in contract assets, and decrease in trade payables, and decrease in other payables and accrued liabilities.
In addition, our net cash outflow from operating activities amounted to RMB6.0 million, RMB112.3 million and RMB142.6 million, respectively, in 2023, 2024 and 2025.
Business · p. 194
We focus on the sustainable and long-term growth of our business instead of short-term financial returns or non-persistent net operating cash inflow.
Business · p. 193
Historically, we financed our capital expenditure and working capital requirements mainly through cash flow from operations, bank loans and capital injection from shareholders and [REDACTED] investments.
As the MGR Group is currently in its development phase, it has negative operating and investing cash flows, while financing cash flows are positive.
Financial Information · p. 257
This is due to the limited revenue generated by the MGR Group from mining equipment rentals and the high capital expenditure required to complete the construction of mining infrastructure and processing facilities.
Financial Information · p. 257
Net cash flows used in operating activities | (16,489) | (6,281) | (21,714)
We had negative operating cash flow of RMB697.0 million, RMB1,011.1 million and RMB872.2 million in 2023, 2024 and 2025, respectively.
Financial Information · p. 259
Taking into account the financial resources available to us, including our cash and cash equivalents on hand, unutilized bank facilities, internally generated funds and the estimated [REDACTED] from the [REDACTED], our Directors are of the view that we have sufficient working capital to meet our present needs and for the next 12 months from the date of this document.
Net cash used in operating activities | (542,307) | (466,367) | (529,866)
Financial Information · p. 233
During the Track Record Period and as of the Latest Practicable Date, our principal sources of liquidity have been cash generated from Pre-[REDACTED] investments, and borrowings from banks.
Financial Information · p. 233
Taking into account the financial resources available to us, including anticipated cash flow from our operating activities, existing cash and cash equivalents, available bank facilities and the estimated net [REDACTED] from the [REDACTED], our Directors believe that we have sufficient working capital for our present requirements and for the next 12 months from the date of this Document.
We had negative operating cash flows during the Track Record Period.
Financial Information · p. 245
We may continue to record negative cash flows from operating activities in the future, in which case our working capital may be limited and our business, financial condition, results of operations and prospects may be materially and adversely affected.
During the Track Record Period, we have funded our operations primarily through capital injection from shareholders and cash generated from financing activities.
Our total cash balance is sufficient to cover our net cash flows used in operating activities and provide adequate liquidity for our expansion of business operations.
In view of our net operating cash outflows in 2024 and the first four months of 2024 and 2025, we plan to improve such position by (i) continuously advancing our pipeline products towards commercialization to generate revenue from product sales.
Financial Information · p. 493
Our Directors are of the opinion that, taking into account the financial resources available to our Group, including cash and cash equivalents and the estimated net proceeds from the Global Offering, as well as the available banking facilities, we have available sufficient working capital to cover at least 125% of the Group's costs, including general, administrative and operating costs (including any production costs), research and development costs, and repayments to amounts due to a related party, for at least the next 12 months from the date of this prospectus.
We had negative operating cash flows during the Track Record Period.
Summary · p. 24
Based on the cash and cash equivalents on hand, our operating cash flows, the available financing facilities, and the estimated net proceeds available to us from the Global Offering, our Directors are of the view, and the Joint Sponsors concur, that we have sufficient working capital for our present requirements and for at least the next 12 months from the date of this prospectus.
Summary · p. 24
We expect to record net profit and net operating cash inflow in the near future.
We had negative operating cash flows during the Track Record Period.
Financial Information · p. 504
We plan to improve our operating cash flows and reduce the net cash used in our operating activities.
Business · p. 385
Although we had negative operating cash flows during the Track Record Period, we believe we have sufficient working capital required for our operations based on our financial capabilities, including the investments from our Shareholders as well as loans and bank borrowings.
In 2020, 2021 and 2022, we also recorded a net operating cash outflow of RMB23.8 million, RMB62.9 million and RMB65.6 million, respectively.
Summary · p. 20
With our improved profitability, we also expect our operating cash flow to improve concurrently.
Summary · p. 21
As of October 31, 2023, we had cash and cash equivalents of RMB57.6 million, current financial assets at FVTPL of RMB181.0 million and unutilized bank facilities of RMB650.0 million.
We had negative cash flows from operations in 2019, 2021 and 2022, and positive cash flows in 2020 and the three months ended 31 March 2023.
Financial Information · p. 451
In addition, in view of our net cash outflow from operating activities in 2019, 2021 and 2022, we plan to ensure our working capital sufficiency by taking advantage of above-mentioned measures to narrow down our net loss and improve our profitability, which will in parallel translate into improved net operating cash flows.
Summary · p. 26
Further, as evidenced by our historical equity financing activities, we have a good track record in being able to raise money from renowned investors to finance our business.