Hong Kong IPO disclosure precedents · 110 companies, 110 items
Adjusted measures adding back changes in carrying amount, interest or fair value of redeemable/preferred share liabilities or share buyback obligations.
We define adjusted net profit (non-IFRS measure) as profit for the year or period adjusted for fair value changes of convertible redeemable preferred shares, share-based compensation and listing expenses.
Financial Information · p. 250
We do not expect to record any fair value changes in such instruments following the completion of the Global Offering, as they will be converted into our equity upon the Listing.
Financial Information · p. 250
The use of such non-IFRS measure has limitations as an analytical tool, and you should not consider them in isolation from, as a substitute for, analysis of, or superior to, our results of operations or financial condition as reported under the IFRSs.
We define adjusted loss (Non-IFRS measure) as loss for the year/period adjusted by adding back (i) equity-settled share-based payments expenses, which are non-cash in nature, (ii) interest expense arising from preferred shares – HashKey Series A, which will be converted into equity upon the Listing, and (iii) fair value loss on convertible bond, which is non-cash in nature and has been converted into redemption liabilities.
Summary · p. 21
The use of this Non-IFRS measure has limitations as an analytical tool, and investors should not consider them in isolation from, or as a substitute for analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards.
We define adjusted net (loss)/profit (non-HKFRS measure) as net profit/(loss) for the year/period adjusted by adding back share-based payment expenses, IPO related expenses, and fair value changes of preferred shares, warrants and convertible notes.
Financial Information · p. 356
The use of such non-HKFRS measures has limitations as an analytical tool, 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 HKFRS.
We define adjusted net loss (Non-HKFRS measure) for the periods as net loss for the periods adjusted by adding back (i) share-based payment expenses, (ii) changes in fair value of financial liabilities at shares with preferential rights, and (iii) listing expenses.
Financial Information · p. 340
Our adjusted net loss (Non-HKFRS measure) decreased by 15.6% from RMB223.9 million in 2022 to RMB189.0 million in 2023, and further decreased by 49.0% to RMB96.4 million in 2024, mainly reflecting the continuous increase in our gross profit from RMB29.6 million in 2022 to RMB51.8 million in 2023 and RMB126.2 million in 2024.
We define adjusted net loss (non-IFRS measure) as loss for the year/period adjusted by adding back listing expenses, share-based payments expenses and changes in the carrying amount of redemption liabilities.
Summary · p. 15
However, our presentation of adjusted net loss (non-IFRS measure) may not be comparable to similarly titled measures presented by other companies.
Summary · p. 15
The application of the non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards.
In particular, the non-IFRS measure eliminates impact of certain expenses, including changes in fair value of convertible bonds, changes in fair value of redemption liabilities on equity shares share-based compensation and listing expenses.
Summary · p. 20
The use of the non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for, or superior to, analysis of our results of operations or financial condition as reported under IFRSs.
We define adjusted net profit (non-IFRS measure), as net profit for the year adjusted by adding (i) fair value losses or gains on redeemable preference shares; (ii) share-based payment expenses; and (iii) listing expenses.
Summary · p. 14
However, the use of non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for analysis of, our results of operations or financial conditions as reported under IFRS.
We define adjusted net loss (non-IFRS measure) as loss for the year, adjusted for share-based compensation, listing expenses, and changes in the carrying amount of redemption liabilities.
Summary · p. 15
The use of these non-IFRS measures has limitations as an analytical tool, and investors should not consider them in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS Accounting Standards.
We define adjusted net loss (non-IFRS financial measure) as net loss for the year adjusted by adding back share-based payment expenses, finance cost of interest on redemption liabilities, and listing expenses.
Summary · p. 9
Eliminating the impact of items including (i) share-based payment expenses; (ii) finance cost of interest on redemption liabilities; and (iii) listing expenses, we recorded an adjusted net loss (non- IFRS financial measure) of RMB183.2 million, RMB136.6 million and RMB168.4 million in 2022, 2023 and 2024, respectively, accounting for 30.5%, 18.8%, and 17.9% of our revenue for the same year, respectively.
We define adjusted net profit (non-IFRS measure) as loss for the year adjusted for (i) fair value losses on financial liabilities at FVTPL, (ii) listing expenses, and (iii) equity-settled share-based payment expenses.
Summary · p. 8
Our adjusted net profit (non-IFRS measure) was RMB9.8 million, RMB46.5 million and RMB54.2 million in 2022, 2023 and 2024, respectively, and our adjusted net profit margin (non-IFRS measure) was 7.2%, 26.6% and 26.3% in the same years, respectively.
Summary · p. 2
We believe that these items should be adjusted for when calculating our adjusted net profit (non-IFRS measure) and adjusted net profit margin (non-IFRS 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 define adjusted profit (non-IFRS measure) as profit for the year/period, excluding fair value changes of financial liabilities at fair value through profit or loss, share-based payment expenses and listing expenses.
Summary · p. 12
Our adjusted profit (non-IFRS measure) was RMB769.6 million, RMB788.1 million and RMB1,459.0 million in 2021, 2022 and 2023, respectively, and was RMB1,044.5 million and RMB1,148.7 million in the nine months ended September 30, 2023 and 2024, respectively.
Summary · p. 4
The use of adjusted profit (non-IFRS measure) and adjusted EBITDA (non-IFRS measure) has limitations as an analytical tool, and you should not consider them in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under IFRSs.
We define adjusted net loss (non-IFRS measure) as loss and total comprehensive expense for the year adjusted by adding back fair value loss of financial liabilities at FVTPL and share-based payments, both being non-cash in nature.
Summary · p. 23
The fair value loss of financial liabilities at FVTPL is adjusted because it will cease upon the completion of this Global Offering; share-based payments are adjusted because they are non-cash in nature.
We define ‘‘adjusted net profit (non-IFRS measure)’’ as loss for the year/period, adding back equity-settled share-based payment expenses, changes in carrying amount of the redemption liabilities, and listing expenses.
Summary · p. 8
The adjusted net profit (non-IFRS measure) can provide useful information to investors in understanding and evaluating our consolidated results of operations in the same manner as it helps our management.
We define adjusted net loss (non-HKFRS measure) as loss for the year/period adjusted by adding back (i) changes in the carrying amount of liabilities recognized for financial instruments issued to investors, (ii) equity-settled share-based payment expenses and (iii) listing expenses, which relate to the Global Offering.
Summary · p. 15
Our adjusted net loss (non-HKFRS measure), which was adjusted by adding back (i) changes in the carrying amount of liabilities recognized for financial instruments issued to investors and (ii) equity-settled share-based payment expenses, amounted to RMB1,080.8 million, RMB1,276.9 million, RMB1,015.6 million, RMB549.0 million and RMB377.8 million in 2021, 2022, 2023 and the six months ended June 30, 2023 and 2024, respectively.
Summary · p. 2
The use of this non-HKFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under HKFRS.
We define adjusted loss from continuing operations (non-IFRS measure) as loss for the year/ period from continuing operations adjusted by adding back equity-settled share-based payment expenses, fair value change of convertible redeemable preferred shares and listing expenses.
Summary · p. 19
Our adjusted net losses from continuing operations (non-IFRS measure) amounted to RMB941.6 million, RMB355.9 million, RMB233.3 million, RMB143.9 million, and RMB56.4 million in 2021, 2022 and 2023 and the six months ended June 30, 2023, and 2024 respectively.
We define adjusted net loss (non-IFRS measure) as net loss for the year/period adjusted by adding back fair value change in financial instruments issued to investors and share-based payment expenses.
Financial Information · p. 356
Eliminating impact of items including (i) share-based payment expenses and (ii) fair value change in financial instruments issued to investors, we generated an adjusted net loss (non-IFRS measure) of RMB613.6 million, RMB700.3 million, RMB1,254.2 million, RMB245.6 million and RMB319.7 million in 2021, 2022, 2023 and the three months ended March 31, 2023 and 2024, respectively, accounting for 1,014.1%, 423.3%, 401.5%, 839.6% and 1,163.5% of our revenue for the respective periods.
We define adjusted net loss/profit (non-HKFRS measure) as loss and total comprehensive income for the year after excluding the effects of (i) equity settled share-based transactions; (ii) listing expenses; (iii) changes in the carrying amount of preferred shares liability; and
Summary · p. 11
The use of adjusted net loss/profit (non-HKFRS measure) and adjusted net loss/profit margin (non-HKFRS measure) has limitations as analytical tools, and you should not consider them in isolation from, or as a substitute for analysis of, our results of operations or financial condition as reported under HKFRS.
We define adjusted net loss (non-IFRS measure) as net loss for the year adjusted by adding back changes in the carrying amount of convertible redeemable preferred shares, changes in the carrying amount of other financial liabilities issued to investors, equity-settled share-based payments and listing expenses related to the Global Offering.
Summary · p. 13
The use of this non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under IFRSs.
To supplement our consolidated financial statements which are presented in accordance with IFRS, we also use the adjusted net profit (a non-IFRS measure) as an additional financial measure, which is not required by, or presented in accordance with, IFRS.
Summary · p. 15
We define the adjusted net profit (a non-IFRS measure) as profit for the year by eliminating the impacts of changes in carrying amount of redeemable capital contributions.
Summary · p. 16
Therefore, by eliminating the impacts of the said item in the calculation of the adjusted net profit (a non-IFRS measure), such measure could better reflect our underlying operating performance and could better facilitate the comparison of operating performance from year to year.
We define adjusted net loss (non-IFRS measure) as net loss adjusted by adding back (i) changes in fair value of CRPS and other financial liabilities, (ii) share-based compensation expenses and (iii) listing expenses.
Summary · p. 28
The use of the non-IFRS measure has limitations as an analytical tool, and you should not consider them in isolation from, as a substitute for analysis of, or superior to, our results of operations or financial conditions as reported under IFRS.