Hong Kong IPO disclosure precedents · 80 companies, 82 items
One product line, product category or end-market/application is the largest revenue source, with its demand trends, pricing and margins driving overall results, including cases where diversification is gradually reducing the concentration.
For the years ended December 31, 2020, 2021 and 2022, revenue derived from operating lease services amounted to RMB2,484.6 million, RMB4,463.3 million and RMB5,189.9 million, respectively, accounting for 67.8%, 72.7% and 65.9%, of our revenue for the corresponding years, respectively.
Financial Information · p. 339
As a result, our performance and future business expansion are subject to our ability to effectively manage our equipment volume and the corresponding utilization rate.
In addition, a substantial part of gross billing for our cross-border digital marketing services during the Track Record Period was generated from marketers conducting marketing campaigns in the cross-border e-commerce industry and our cross-border online-shop SaaS solutions are also targeted at cross-border e-commerce merchants and businesses in China.
Financial Information · p. 290
As such, our business growth has been and is expected to be driven largely by the development of cross-border e-commerce industry in China.
Financial Information · p. 290
Moreover, according to Frost & Sullivan, we have a longer history providing digital marketing services to the cross-border e-commerce industry in China, as well as a higher contribution of business from China-based e-commerce marketers, compared to the two largest cross-border digital marketing service providers in China.