During the Track Record Period, the aggregate contract value of our solutions adopted by overseas users amounted to RMB93.8 million.
Summary · p. 3
In addition, backed by the proven track record of our domestic landmark projects and our competitive cost-performance advantage, we are confident that we are well-positioned to rapidly expand into markets along the Belt and Road Initiative, as well as regions including South America and Africa.
Summary · p. 3
During the Track Record Period, our products were also successfully deployed in overseas countries, yet no overseas revenue was recognized during the same period.
In 2023, 2024 and 2025, our procurement amount of cobalt-based raw materials from DRC amounted to 24.5 thousand metal tons, 44.7 thousand metal tons and 37.8 thousand metal tons, respectively.
Summary · p. 21
Given that (i) we have implemented effective inventory and procurement management measures, and (ii) we have entered into long term procurement agreements with certain suppliers for the procurement of cobalt-based raw materials originated from DRC, who has secured sufficient cobalt export quota from ARECOMS and the quota is expected to cover our procurement amount in the near future, we believe that the temporary cobalt export ban and the cobalt export quota system imposed by the DRC had not had or would not have any adverse impact on our Group’s financial and operational performance.
Since inception, we have adopted a strategy of global clinical development, with synchronized clinical programs across the U.S., China, and Europe.
Business · p. 146
For example, ABP-671’s clinical trials were across over 100 clinical sites in six countries and regions, with over 900 subjects enrolled, approximately 60% of whom are located in the U.S. and Australia.
Business · p. 146
To date, we have not observed any immediate adverse impact on our addressable markets from geopolitical developments but will continue to closely monitor policy and market changes, adjust technology sourcing, clinical deployment and collaboration strategies as appropriate, and further diversify our global network to mitigate potential risks.
In May 2021, our Group entered into an EPC contract (the "Australia Project Contract") with a project owner (the "Project Owner") in respect of the engineering, procurement, construction and operation of a solar farm situated in Australia (the "Australia Project").
Business · p. 218
Pursuant to the Termination Agreement, our Group shall pay a further sum of EUR2,353,063 (equivalent to approximately RMB17.8 million) to the Relevant Supplier as settlement (the "Settlement") and that the Procurement Deposit paid will not be returned to our Group.
Business · p. 219
Furthermore, the Termination will not have a material impact on the operation and financial position of our Group as the contract sum of RMB1,060.5 million only represented an immaterial portion of our amount of backlog as at the Latest Practicable Date.