To supplement our consolidated financial statements, which are presented in accordance with IFRS Accounting Standards, we also use adjusted net profit (non-IFRS measures) as an additional financial measure, which is not required by, or presented in accordance with IFRS Accounting Standards.
Summary · p. 13
Listing expenses represented expenses incurred in connection with the Global Offering.
Summary · p. 14
We believe this non-IFRS measure facilitates comparisons of operating performance from year to year and period to period, as well as company to company by eliminating potential impacts of certain items.
We define adjusted net (loss)/profit (non-IFRS measure) as net (loss)/profit for the year/period adjusted by adding back listing expenses and share-based payments.
Summary · p. 16
To supplement our consolidated financial statements, which are presented in accordance with IFRS Accounting Standards, we also use adjusted net (loss)/profit (non-IFRS measure) as additional financial measure, which is not required by, or presented in accordance with IFRS Accounting Standards.
We define adjusted net loss (Non-HKFRS measure) as loss for the year/period adjusted by adding back listing expenses in connection with the Global Offering.
We define the adjusted net profit/(loss) (a non-IFRS measure) as profit/(loss) for the year/period by eliminating (i) our equity-settled share-based payment expenses, (ii) listing expenses, and (iii) tax effect of the above non-IFRS adjustments.
Financial Information · p. 320
The use of such non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation form, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS.
We define adjusted loss for the year/period (Non-IFRS financial measure) as loss for the year/period adjusted by adding back share-based payment expenses, interest expenses on financial instruments with preferred rights at amortised cost and listing expenses.
Summary · p. 15
We define adjusted loss for the year/period (Non-IFRS financial measure) as loss for the year/period adjusted by adding back share-based payment expenses, interest expenses on financial instruments with preferred rights at amortised cost and listing expenses.
Operating profit after tax consists of net profit/(loss) adjusted to exclude (i) short-term fluctuations in investment return related to equities, interests in investment funds and investment property and other nonoperating investment return, (ii) finance costs related to borrowings and long-term payables, (iii) mergers and acquisitions (“M&A”), business set-up and restructuring related costs, (iv) IPO related costs, including incentive costs, (v) loss component on onerous contracts measured under variable fee approach (“VFA”), relating to market movements, (vi) implementation costs for IFRS 9 and 17 and GWS, and (vii) any other non-operating items which, in our view, should be disclosed separately to enable a meaningful understanding of our financial performance.
Financial Information · p. 368
The Group considers that trends can be more clearly identified without the significant impact of the loss component on onerous contracts, the one-off costs of integration activities and the costs of servicing debt used to finance acquisition activities, and the fluctuating effects of other non-operating items which are largely dependent on market factors.
Financial Information · p. 368
Our operating profit after tax (non-IFRS measure) on a CER basis increased by 28.6% from US$378 million in 2023 to US$463 million in 2024.
We define adjusted net profit (non-IFRS measure) as the profit for the year adjusted by adding back share-based payment expenses and listing expenses.
Summary · p. 15
Our adjusted net profit (non-IFRS measure) increased by 32.1% from RMB1,151.0 million in 2022 to RMB1,520.4 million in 2023 and further increased by 6.2% to RMB1,614.7 million in 2024, in line with our business growth.
Listing expenses are mainly expenses related to the Global Offering and added back mainly because they were incurred for the purpose of the Global Offering.
Summary · p. 20
The use of such non-IFRS measures have limitations as analytical tools, and you should not consider them in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRSs.
The table below sets forth a reconciliation of our net profit for the year under IFRS to adjusted net profit (non-IFRS measures) for the periods indicated by adding back (i) the Listing expenses and (ii) share-based payment which is non-cash in nature and does not result in cash outflow.
Financial Information · p. 336
We present these additional financial measures as these were used by our management to evaluate our financial performance by eliminating the impact of Listing expenses and share-based payment.
To supplement our consolidated financial statements which are presented in accordance with IFRSs, we also presented the adjusted net profit (Non-IFRS measure) and adjusted net profit margin (Non-IFRS measure) as additional financial measures, which are not required by, or presented in accordance with IFRSs.
Summary · p. 16
Listing expenses are mainly expenses related to the Listing and are added back because they were incurred only for the purposes of the Listing.
Summary · p. 16
Listing expenses are mainly expenses related to the Listing and are added back because they were incurred only for the purposes of the Listing.
We define adjusted net profit for the year/period (non-HKFRS measure) as profit for the year/period adjusted by adding listing expenses.
Summary · p. 16
We believe that such non-HKFRS measure facilitates comparisons of operating performance from period to period and company to company by eliminating potential impact of certain items.
Summary · p. 16
The use of adjusted net profit (non-HKFRS measure) has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute of, our consolidated statements of profit or loss and other comprehensive income or financial performance as reported under HKFRS.
we also presented the adjusted net profit (non-HKFRS measure) and adjusted net profit margin (non-HKFRS measure) as additional financial measures, which are not required by, or presented, in accordance with HKFRSs.
Financial Information · p. 333
Listing expenses are mainly expenses related to the Listing and are added back because they were incurred only for the purposes of the Listing.
Financial Information · p. 333
The use of non-HKFRS financial measures has limitations as an analytical tool, and investors should not consider these in isolation from, or as a substitute for, or superior, to analysis of our results of operations or financial condition as reported under HKFRSs.
We define adjusted profit for the year/period (Non-HKFRS measure) as profit for the year/period adjusted by adding back listing expenses and equity-settled share award expense.
Summary · p. 13
We believe this non-HKFRS measure facilitates comparisons of operating performance from period to period and company to company by eliminating potential impacts of certain items.
Summary · p. 13
The use of this non-HKFRS measure should not be considered as a substitute for analysis of our results of operations or financial condition as reported under HKFRS.
We define adjusted net profit (a non-HKFRS measure) as profit for the year/period adjusted by adding back (i) share award expenses, and (ii) listing expenses. Share award expenses arise from granting share-based payment to selected employees including directors, the amount of which is non-cash in nature. Listing expenses primarily consist of professional fees associated with the Listing and the Global Offering.
Summary · p. 16
We believe that these items should be adjusted for when calculating our adjusted net profit (a non-HKFRS measure) in order to provide potential investors with a complete and fair understanding of our operating results, especially in making period-to-period comparisons of, and assessing the profile of, our operating and financial performance, and making comparisons with other comparable companies with similar business operations.
we also presented the adjusted net profit (Non-HKFRS measure) and adjusted net profit margin (Non-HKFRS measure) as additional financial measures, which are not required by, or presented in accordance with HKFRSs.
Summary · p. 11
Listing expenses are mainly expenses related to the Listing and are added back because they were incurred only for the purposes of the Listing.
Summary · p. 11
The use of non-HKFRS financial measures has limitations as an analytical tool, and investors should not consider these in isolation from, or as a substitute for, or superior to, analysis of our results of operations or financial conditions as reported in accordance with HKFRSs.
We define (i) adjusted net profit (non-HKFRS measure) as profit for the year/period adding back listing expenses incurred for the same year/period, and (ii) adjusted net profit margin (non-HKFRS measure) as adjusted net profit as a percentage of revenue for the same year/period.
Summary · p. 6
The use of these non-HKFRS measures has limitations as an analytical tool, and investors should not consider it in isolation from, or as substitute for analysis of, our results of operations or financial conditions as reported under HKFRSs.
We present this financial measure because it is used by our management to evaluate our financial performance by eliminating the impact of the Listing expenses.
Summary · p. 10
The use of the adjusted profit for the year/period (non-IFRS measure) has material limitations as an analytical tool as it does not include all items that impact our profit for the relevant periods.
We calculated the adjusted profit (non-HKFRS measure) for the year by adding back the Listing expenses to the profit for the year as presented in accordance with HKFRS.
Summary · p. 8
We believe that the presentation of non-HKFRS financial measures when shown in conjunction with the corresponding HKFRS financial measures provides useful information to potential investors and management in understanding and evaluating our operating performance from period to period.