We define adjusted loss (non-IFRS measure) as loss for the year/period excluding share-based compensation expenses, listing expenses, and changes in the carrying amount of financial liabilities at fair value through profit or loss.
Summary · p. 20
Adjusted loss for the year (non-IFRS measure) | (1,651,331) | (966,461) | (723,997)
Summary · p. 21
The use of adjusted loss (non-IFRS measure) and adjusted EBITDA (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 adjusted net profit (non-HKFRS measure) as profit/(loss) excluding the effects of share-based compensation expenses, listing expenses and changes in carrying amount of financial instruments issued to investors.
Summary · p. 10
The use of such non-HKFRS 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 conditions as reported under HKFRS.
We define adjusted net profit (non-IFRS measure) as profit for the year adjusted by excluding (i) equity-settled share-based payment expenses, (ii) listing expenses, and (iii) impact on tax related to items (i) to (ii) above.
Financial Information · p. 279
The use of the non-IFRS measures has limitations as analytical tools, 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.
We define adjusted profit for the year (a non-IFRS measure) as profit for the year adjusted for share-based payment expenses and listing expenses.
Financial Information · p. 254
Share-based payment expenses relate to the share rewards we granted to our employees, which is a non-cash item.
Summary · p. 14
However, our presentation of adjusted profit for the year (a non-IFRS measure) and adjusted net profit margin (a non-IFRS measure) may not be comparable to similar item measures presented by other companies.
Our Group defines adjusted profit/(loss) (non-IFRS measure) as profit/(loss) for the year/period which is adjusted by eliminating (i) share-based payment expenses; and (ii) listing expenses.
Summary · p. 12
(1) Share-based payment expenses are adjusted for as they are non-cash in nature and do not result in cash outflow.
Summary · p. 13
(2) Listing expenses are adjusted for as they were incurred for the purpose of the Listing.
We define adjusted loss (Non-IFRS measure) for the year/period as loss for the year/period adjusted by adding back equity-settled share-based payments and listing expenses.
Summary · p. 10
Eliminating the impact of items including (i) equity-settled share-based payments and (ii) listing expenses, we generated adjusted net losses (Non-IFRS measure) of RMB48.2 million, RMB110.5 million, RMB57.0 million, RMB57.7 million and RMB86.4 million in 2021, 2022, 2023 and the six months ended June 30, 2023 and 2024, respectively, representing 13.0%, 23.4%, 10.2%, 29.7% and 37.7% of our total revenue during the same periods.
We define adjusted net loss (non-IFRS measure) as net loss for the year/period adjusted by adding back share-based payment and listing expenses and adjusted net loss margin (non-IFRS measure) as adjusted net loss (non-IFRS measure) divided by revenue.
Summary · p. 9
Our adjusted net loss (non-IFRS measure) increased from RMB131.0 million in 2021 to RMB205.9 million in 2022, and decreased to RMB184.8 million in 2023.
We define adjusted net loss (non-IFRS measure) as loss for the year/period adjusted for share-based payments expenses and listing expenses.
Summary · p. 8
Eliminating the impact of share-based payments expenses, our adjusted net loss (non-IFRS measure) in 2021, 2022, 2023 and the six months ended June 30, 2023 and 2024 amounted to RMB43.0 million, RMB39.9 million, RMB81.8 million, RMB45.8 million and RMB35.0 million, respectively.
We define adjusted net loss (Non-IFRS measure) as loss for the periods adjusted by adding back (i) share-based payments, which are non-cash in nature, (ii) listing expenses, which relate to the Global Offering, and (iii) fair value changes on preferred shares and other financial liabilities, which are non-cash items.
Summary · p. 14
Our adjusted operating loss (Non-IFRS measure) and adjusted net loss (Non-IFRS measure) as a percentage of revenue significantly narrowed during the Track Record Period.
Financial Information · p. 397
The use of Non-IFRS measures has limitations as an analytical tool, and investors should not consider it 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 (a non-IFRS measure)” as loss for the year/period adjusted by adding back share-based payments and listing expenses.
Summary · p. 17
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 adjusted net profit (non-IFRS measure) as profit/(loss) for the year adjusted for share-based payment expenses, change in fair value of Preferred Shares, and listing expense.
Summary · p. 10
Therefore, we believe that these items should be adjusted for when calculating our adjusted net profit (non-IFRS measure) to facilitate potential investors in assessing our performance, especially in making year-to-year comparisons of, and assessing the profile of, our operating and financial performance.
Summary · p. 10
Our adjusted net profit (non-IFRS measure) was RMB238.0 million, RMB84.7 million and RMB225.6 million in 2021, 2022 and 2023, respectively, representing an adjusted net profit margin (non-IFRS measure) of 30.5%, 14.9% and 27.7% for the same years, respectively.
We define "adjusted net loss (non-HKFRS measure)" as loss for the year/period adjusted by adding back share-based compensation (being non-cash in nature) and listing expenses (which is related to the Global Offering) during the Track Record Period.
Summary · p. 12
Our "adjusted EBITDA (non-HKFRS measure)" increased from negative RMB490.2 million in FY2020 to negative RMB625.3 million in FY2021 primarily due to the decrease in gross profit from education smart robotic products and services and consumer-level robots and other hardware devices.
Our adjusted profit (non-HKFRS measure) represents our profit for the year/period, adjusted to add back share-based payment expenses and listing expenses that we recognized in our consolidated statements of comprehensive income during the Track Record Period.
Summary · p. 10
Share-based payment expenses are adjusted for as they are non-cash in nature, and were not expected to result in future cash payments.
Our adjusted net profit (non-IFRS measure) represents our profit and total comprehensive income for the year/period, adjusted to add back equity-settled share-based payment expenses and listing expenses that we recognized in our consolidated statements of profit or loss and other comprehensive income during the Track Record Period less related income tax.
Summary · p. 9
Equity-settled share-based payment expenses are adjusted for as they are non-cash in nature and were not expected to result in future cash payments.
We define adjusted net profit/(loss) (non-IFRS measure) as net profit/(loss) for the period adjusted by adding back share-based payment expenses and listing expenses.
Summary · p. 10
We believe this non-IFRS measure facilitates comparisons of operating performance from period to period and company to company by eliminating potential impacts of certain items.
Summary · p. 9
However, our presentation of adjusted net profit/(loss) (non-IFRS measure) may not be comparable to similarly titled measures presented by other companies.
We define adjusted net profit (non-IFRS measure) as net profit for the periods adjusted by adding back share-based payments, changes in the carrying amount of financial instruments issued to investors and listing expenses.
Summary · p. 10
The use of such non-IFRS measures 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 (a non-IFRS measure) as loss for the year/period by adding back share-based compensation, interest expense on redemption liabilities and listing expenses.
Summary · p. 12
Our management considers that (i) share-based compensation, which relates to options and shares that we awarded to our employees for their contribution to us, is non-cash in nature and does not result in cash outflow, (ii) interest expense on redemption liabilities is a non-cash item, and (iii) listing expenses, which relate to this Global Offering.
We define the adjusted profit (Non-HKFRS measure) as the profit/(loss) for the year/ period, excluding share-based compensation and listing expenses.
Financial Information · p. 401
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 analysis of, our results of operations or financial conditions as reported under HKFRS.
We define adjusted net profit (non-HKFRS measure) as profit for the year/period adjusted by adding (i) share based compensation and (ii) Listing expenses.
Summary · p. 7
Share based compensation incurred during the year ended December 31, 2021 arose from shares granted to certain directors of our Company which vested during the respective financial year. This item is adjusted for as it is non-cash in nature.