We derived over 90% of our revenue from the sales of tray and tray related products during the Track Record Period.
Financial Information · p. 337
In order to capture the market growth for both back-end semiconductor transport media industry and MEMS and sensor packaging industry, we plan to increase our production capacities and capabilities by upgrading our production facilities in the PRC, in particular, purchasing automated machines and implementing production in the Philippines for carrier tape.
In 2021, 2022 and 2023, revenue generated from our used vehicle auction business was RMB334.4 million, RMB240.0 million and RMB287.2 million, respectively, accounting for 49.4%, 51.3% and 58.4% of our total revenue, respectively.
Financial Information · p. 340
We expect the proportion of revenue generated from our used vehicle auction business to continue to increase and account for a significant portion of our total revenue in the future.
Sales of KCL contributed to approximately 60.1%, 82.8%, 85.2% and 85.3% of our total revenue for FY2021, FY2022, FY2023 and 8MFY2024, respectively, and sales of SOP contributed to approximately 25.1%, 13.9%, 10.1% and 11.0% of our total revenue during the same year/period, respectively.
Summary · p. 4
The change in the product mix has had, and will continue to have, an impact on our financial performance.
Financial Information · p. 363
Accordingly, the increase in the proportion of KCL sales contributed to the increase of our gross profit margin from approximately 12.0% for FY2021 to approximately 16.5% for FY2022.
During the Track Record Period, 1966 and Tea Mama had been our major sources of revenue.
Summary · p. 2
In 2020, 2021, 2022 and the six months ended June 30, 2022 and 2023, the revenue generated from 1966 was RMB299.1 million, RMB413.9 million, RMB301.4 million, RMB166.0 million and RMB155.2 million, respectively.
Financial Information · p. 301
Focused on the development, manufacturing and sales of classic Pu’er tea leaf products, 1966 has historically experienced stable and sizable growth, serving as the bedrock of our business.
During the Track Record Period, among our diversified product portfolio, One Nest (pure EBN) represented the largest revenue contribution, accounting for 43.0%, 44.0%, 38.9%, 41.3% and 36.2% of our total revenue in 2020, 2021, 2022 and the five months ended May 31, 2022 and 2023, respectively.
Financial Information · p. 261
Any significant change in our product offering and mix will likely have an impact on our revenue growth and profitability.
For 2020, 2021, 2022 and the five months ended 31 May 2022 and 2023, our pig segment contributed to 70.6%, 72.4%, 78.1%, 75.2% and 78.8% of our total revenue, our poultry segment contributed to 28.1%, 26.4%, 21.4%, 24.3% and 19.9% of our total revenue, and our ancillary products segment contributed to 1.3%, 1.2%, 0.5%, 0.6% and 1.3% of our total revenue, respectively.
Summary · p. 1
Among our pig products, market hogs accounted for 96.0%, 87.3%, 98.1%, 98.1% and 97.2% of the total revenue contributed by sales of our pig products for 2020, 2021 and 2022 and the five months ended 31 May 2022 and 2023, respectively.
Financial Information · p. 338
The gross profit margin of our market hogs was 55.2%, 5.2%, 14.7%, -18.5% and -6.1% for 2020, 2021 and 2022 and the five months ended 31 May 2022 and 2023, respectively.
During the Track Record Period, a majority of our revenue for new retail business derived from sales of MODONG coffee, of which we started the nationwide distribution thereof in April 2019.
Summary · p. 1
In 2022, we were the largest company in China’s bulletproof drink market in terms of GMV, with a market share of 24.9%.
Summary · p. 1
For the years ended December 31, 2019, 2020, 2021 and 2022, the sales of MODONG coffee accounted for 83.0%, 72.8%, 62.3% and 43.8% of our total revenue, respectively.