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.
Adjusted profit (a non-IFRS measure) is defined as profit or loss for the year by adding back the effects of (i) fair value loss on financial liabilities at FVTPL, (ii) share incentive plan expense and (iii) listing expenses.
Summary · p. 12
We exclude share incentive plan expense as such expenses are non-cash in nature and do not result in cash outflows. We also exclude listing expenses with respect to this Global Offering.
We define “adjusted net (loss)/profit” (non-IFRS measure) as loss for the year from continuing operations excluding changes in the carrying amount of contingently redeemable preferred shares and ordinary shares, share-based compensation and listing expenses.
The use of this non-IFRS measure 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 conditions as reported under IFRS.
We use adjusted net loss (non-HKFRS measure) as an additional financial measure, which is not required by, or presented in accordance with, HKFRSs.
Summary · p. 5
We define adjusted net loss (non-HKFRS measure) as loss for the year/period adjusted by interest charge on redeemable capital contribution and listing expenses.
Summary · p. 6
Adjusted net loss (non-HKFRS measure) | (318,687) | (487,550) | (471,205) | (250,104) | (214,033)
We define adjusted net loss (non-IFRS measure) as net loss for the period adjusted by adding back share-based compensation, fair value changes in financial instruments issued to investors and listing expenses.
Summary · p. 6
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 IFRS.
We define the adjusted loss (Non-IFRS Accounting Standards measure) as the loss for the year/period, excluding (i) share-based payment, (ii) financial cost on financial instruments with preferred rights at amortized cost, and (iii) listing expenses.
Financial Information · p. 385
Loss for the year/period | (53,827) | (464,199) | (342,376) | (300,432) | (99,748)
The non-HKFRS measure, adjusted net loss for the year, used by us has been adjusted for (i) share-based compensation expenses and (ii) interest expenses for financial liability for redeemable rights.
We believe that the presentation of such non-HKFRS measures when shown in conjunction with the corresponding HKFRS measures provides useful information to potential investors and management in facilitating a comparison of our operating performance from period to period by eliminating potential impacts of certain items, such as share-based compensation expenses and interest expenses for financial liability for redeemable rights.
Summary · p. 15
Our adjusted net loss (non-HKFRS measure) decreased from RMB148.9 million in 2020 to RMB125.6 million in 2021, and increased to RMB146.9 million in 2022.
We define adjusted net loss as loss for the year, excluding share-based compensation expenses and fair value changes of convertible redeemable preferred shares. We exclude these items because they do not involve any cash outflow:
Summary · p. 13
The use of adjusted net loss 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.
We define adjusted net loss as loss for the year adding back (i) changes in fair value of financial liabilities at fair value through profit and loss, (ii) equity-settled share-based payment expenses, and (iii) listing expenses.
Summary · p. 15
Changes in fair value of financial liabilities at fair value through profit and loss are related to preferred shares issued to investors. Upon the completion of the Listing, this line item will no longer be recorded in our consolidated financial statements. Equity-settled share-based payment expenses are non-cash employee related expenses arising from grant of share incentive awards. Listing expenses are expenses related to the Listing.
Financial Information · p. 248
These non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. These non-IFRS financial measures have limitations as an analytical tool.
We define adjusted net profit (a non-HKFRS measure) as profit for the year adjusted for listing expenses, foreign exchange losses/gains from redemption liabilities on ordinary shares, foreign exchange losses/gains from interest payables on redemption liabilities on ordinary shares, and interest on redemption liabilities on ordinary shares.
Financial Information · p. 347
Foreign exchange losses/gains from redemption liabilities on ordinary shares, foreign exchange losses/gains from interest payables on redemption liabilities on ordinary shares, and interest on redemption liabilities on ordinary shares arose from the recipients of proceeds of our Pre-IPO Investments in 2021, which are non-cash in nature and do not result in cash outflow.
We define adjusted net loss (non-IFRS measure) as loss for the years/periods adjusted by adding back share-based payments, fair value changes of redeemable convertible preferred shares and fair value changes of warrant liability.
Summary · p. 9
Our adjusted net loss (non-IFRS measure) amounted to RMB278.2 million, RMB252.0 million, RMB121.2 million, RMB163.6 million and RMB152.1 million for the fiscal years ended March 31, 2019, 2020, 2021 and 2022 and the six months ended September 30, 2022, respectively.
Summary · p. 9
The use of this 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.