Hong Kong IPO disclosure precedents · 165 companies, 165 items
Seasonality with stronger H2 sales from new product launch cycles and holiday shopping seasons, and lower Q1 sales or production due to Chinese New Year holidays.
From our experience, we generally record relatively higher revenue in the second half of each year which coincides with higher sales of our customers resulted from festivities around the Black Friday, Thanksgiving and Christmas time and year-end promotion events in the second half of a year.
Business · p. 205
According to the F&S Report, this seasonality trend is consistent with the industry norm.
Our In-network Hospitals and radiotherapy centers, in line with the healthcare service industry in the PRC, typically have fewer patient visits shortly before and after the Chinese New Year, during which most people usually avoid visiting hospitals. As a result of the foregoing, our revenue was slightly lower in the first quarter of each financial year during the Track Record Period.
Sales of our products and services are subject to seasonality.
Financial Information · p. 490
As a result of the seasonality effect and our relatively fixed costs and expenses structure, we may incur greater operation losses in the first half of our financial year than in the second half of our financial year.
In comparison, in the first quarter of 2025, as N-type TOPCon cells had become the industry mainstream and supply-demand was still in a process of adjustment, we deemed it financially prudent to not book overtime shifts, and as such the holiday season and cold weather's effects on production volume became more pronounced.
EV sales in China in the second half of the year tends to be higher compared to the first half.
Financial Information · p. 406
We also experience seasonality in the sales of ESS products, with the first and last quarter of each year recording less sales compared to the second and third quarters.
Our business is slightly affected by seasonality. We usually record higher sales revenue during holidays and festivals, such as Chinese New Year and anniversary of our Group. We also usually record a higher sales revenue during September to February of the next year, as there are more Chinese traditional festivals during this period.
Business · p. 287
In view of the seasonality factors, we usually review and adjust our inventory level in advance in order to accommodate the anticipated increase in demand and needs of our products to avoid supply shortage and our loss of profits.
In particular, due to the impacts of the public holidays such as the Spring Festival and the stocking and sales cycles of customers before or around holidays, we typically experience higher sales in the second and fourth quarters throughout the year.
Financial Information · p. 377
As we continue to enrich our product portfolio and launch innovative products for novel applications in various industry sectors, including automotive electronics, data centers and renewable energy, in addition to consumer electronics, we expect to reduce the impact of seasonality with this increased diversity.
Our business is affected by seasonality. We generally derive a higher amount of revenue from sales of our products in the third and fourth quarters of the year, i.e., during the autumn and winter seasons.
Business · p. 159
Our Directors believe that this seasonal pattern is primarily due to (i) the weather during the autumn and winter seasons may cause more allergies and other symptoms and thus increase demand of end-customer on health supplements; and (ii) the timing of exhibitions and trade fairs, such as the Hong Kong Brands and Products Expo and HKTDC Food Expo.
Our parcel volumes during the Track Record Period were subject to seasonal fluctuation, primarily due to the impact of major shopping events and Chinese New Year.
Business · p. 280
We typically experience a peak in parcel volumes during shopping events such as China’s online shopping events on November 11 and June 18, and experience comparatively lower parcel volumes during Chinese New Year.
Business · p. 280
We believe that this pattern is likely to continue in the foreseeable future.
Our business historically has been seasonal in nature.
Financial Information · p. 397
For example, the overall demand for our Asia – Oceania market is highly seasonal, with the peak typically occurring in the second half of the year.
Financial Information · p. 397
The third quarter of each calendar year is the traditional peak season for the Transpacific, the Asia – Oceania and the Asia – Europe markets, as overseas sellers prepare for the Christmas and New Year holidays.
Our customers usually experience a slow season/off-season in their sales volumes during and following the Chinese New Year holidays in the first half of the year, and thus can have an impact on our results of operations in the first quarter.
Financial Information · p. 376
Such fluctuations are seasonal in nature and you are cautioned not to place undue reliance of them as indicators for our results of operations for the full year.
We have experienced seasonality during the Track Record Period to some extent.
Business · p. 284
We mainly observed some periodical patterns in our business because some of our customers tend to carry out project design and budget applications in the first half of the year before implementing said projects in the second half of the year.
We experience seasonal fluctuations in our revenues and results of operations.
Business · p. 287
We have historically experienced relatively lower revenue during the first quarter of a year mainly due to Chinese Lunar New Year, and relatively higher revenue in the fourth quarter of a calendar year mainly due to increasing spending or purchases by our customers for our SaaS and SaaS value-added products and services as a result of a high concentration of festive seasons and other marketing campaigns.
Business · p. 287
Overall, the impact of seasonality on our business has been relatively mild due to our rapid growth.
For example, in the first quarter, which coincides with the Chinese New Year holiday, online and offline hospitals and pharmacies in China generally experience a lower volume of patient visits and other activities, and we typically expect a lower demand for our services and products during that period as a result.
Business · p. 281
However, given our significant growth during the Track Record Period, the effect of seasonality on our operating results was not particularly apparent, and seasonal factors had minimal impact on our overall business and financial performance.
We have experienced, and expect to continue to experience, seasonality in our business.
Business · p. 334
For example, during the Chinese New Year holiday in the first quarter of each year, fewer drivers are active, and there is typically less demand.
Business · p. 334
We usually experience spikes in order volume in summer and winter during which seasons individuals typically have stronger demands for ride-hailing services.
As such, during the Track Record Period, the Group would typically record a higher portion of revenue for its Telecommunications Infrastructure Services business segment and its Digitalisation Solution Services business segment during the second half of the year.
Business · p. 199
As further confirmed by the Directors, it was mainly due to the fact that the Group’s major customers generally tend to invest more in capital expenditure later in the year.
As such, the demand for our products is generally higher before the Chinese New Year holidays and is generally lower during the Chinese New Year holidays.
Business · p. 204
Thus, we recorded the sales revenue of approximately HK$44.3 million and HK$52.5 million for the first quarter of 2021 and 2022, respectively, and approximately HK$58.0 million, HK$60.9 million for the last quarter of 2021 and 2022, respectively.
Sales volume of used vehicle in China are typically higher in the first quarter (particularly before the Chinese New Year) and fourth quarter of a year, traditionally the major selling seasons for used vehicles.
Business · p. 308
In line with industry practice, most of our auto shows and exhibitions take place in the second half of the year.
Business · p. 308
To mitigate the fluctuation during the low seasons, our auction sites have introduced, and plan to continue to introduce, a variety of promotional and marketing activities based on the transaction volume and level of buyers’ participation at the respective auction sites.