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.
We have historically experienced accelerated business expansion around March and July, mainly due to increasing spending or purchases by our customers (for both our office IT integrated solutions and SaaS product) as a result of active employee recruitment which generates higher office IT service demands.
Business · p. 218
Overall, the impact of seasonality on our business has been relatively mild due to our rapid growth.
Our business is subject to seasonal fluctuations. We typically experience higher product sales during holidays and festival seasons in a year, most notably around the Spring Festival and the Mid-Autumn Festival.
We experience seasonality in our business, mainly correlating to the seasonality pattern associated with the road freight transportation industry in China.
Business · p. 283
As a result, our financial condition and results of operations for future periods may continue to fluctuate from time to time due to seasonality.