Hong Kong IPO disclosure precedents · 30 companies, 30 items
Sales peaking in Q2 and Q4 as customers stock up ahead of mid-year and year-end shopping festivals and pre-CNY holiday periods.
Our results fluctuate due to consumer electronics trends, typically peaking in the second and fourth quarters as downstream demand for consumer electronics is seasonal.
Financial Information · p. 245
The company's explanation, the adviser's view and the page in the filing: see MattersThese fluctuations are seasonal, and interim results should not be relied upon as indicators of full-year performance.
Financial Information · p. 245
While not traditionally seasonal, our revenue does exhibit predictable fluctuations throughout the year.
Business · p. 161
The company's explanation, the adviser's view and the page in the filing: see MattersThe third quarter is typically our slowest sales period, situated between the two major promotional peaks of the second and fourth quarters. The fourth quarter is consistently our strongest sales period, benefiting from a convergence of major global promotional events.
Business · p. 162
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 during the year.
Financial Information · p. 232
The company's explanation, the adviser's view and the page in the filing: see MattersAs we continue to enrich our product portfolio and expand into other high-value sectors and application scenarios, we expect to reduce the impact of seasonality with this increased diversity.
Financial Information · p. 232
We typically experience higher sales in the periods leading up to major online shopping festivals in China, such as the "618" Shopping Festival in June and "Double 11" Shopping Festival in November, as well as prior to the Chinese New Year Shopping Festival.
Financial Information · p. 206
As a result, comparisons of our sales and operating results between different periods within a single financial year may not be indicative of our full-year performance and should not be relied upon as such.
Financial Information · p. 206
The company's explanation, the adviser's view and the page in the filing: see MattersThe amount further increased to RMB106.5 million, which was primarily attributable to the seasonal ramp-up for the "618" Shopping Festival in June 2026.
Financial Information · p. 232
Our results of operations are subject to seasonal fluctuations as a result of the impact of a number of factors, including consumer spending patterns, product categories, promotional activities and extreme or unusual weather conditions.
Business · p. 203
The company's explanation, the adviser's view and the page in the filing: see MattersAs a result, we may maintain higher revenue and higher levels of inventory to satisfy market demand before and during promotional seasons and relevant shopping events compared to other times of the year.
Business · p. 203
Our inventories increased by 71.0% from RMB64.8 million as of December 31, 2023 to RMB110.8 million as of December 31, 2024, primarily driven by (i) an increase in raw materials to support our business expansion; (ii) an increase in finished goods, primarily attributable to year-end pre-festive season stocking in connection with the Chinese New Year holiday; and (iii) an increase in goods in transit, mainly driven by the growth in our online retail and DTC sales, for which revenue is recognized upon confirmation of receipt by customers.
Financial Information · p. 219
Our inventories decreased by 12.6% from RMB169.9 million as of December 31, 2025 to RMB148.4 million as of March 31, 2026, primarily due to the consumption of raw material inventories accumulated for the year-end festive season.
Financial Information · p. 219
The company's explanation, the adviser's view and the page in the filing: see MattersThe decrease from 47.6 days in 2023 to 37.6 days in 2024 was primarily attributable to a shorter holding period for raw materials and finished goods by the end of 2024, as the relatively early timing of the Chinese New Year holiday in 2025 led certain customers to advance purchases and take delivery of products before year-end.
Financial Information · p. 220
Our sales of ESS Power Supply products usually peak in the third quarter, driven by customer inventory buildup ahead of the Thanksgiving, Black Friday and Christmas holiday season and year-end shopping events for outdoor activities, entertainment and gift-giving, resulting in increase in purchase of products such as portable energy storage.
Business · p. 159
The company's explanation, the adviser's view and the page in the filing: see MattersAs a result of such seasonality, for example, our revenue from ESS Power Supply products in the third quarter of 2025 made up over 30% of our revenue from ESS Power Supply products in 2025.
Business · p. 159
We typically experience higher sales in the second half of the year.
Business · p. 148
The company's explanation, the adviser's view and the page in the filing: see MattersWe implement measures to address seasonal fluctuations, such as focusing on technology research and customer certification during the off-peak season, establishing a flexible supply chain and increasing production capacity to ensure we meet customer demand during the peak seasons, implementing a strategic inventory management policy which ensures we maintain sufficient stock for critical materials.
Business · p. 148
In addition to the seasonal procurement, we experience pronounced sales peaks during major holiday seasons and shopping events, such as Chinese New Year, the 618 Shopping Festival and Double Eleven.
Business · p. 127
We conduct significant procurement of plums during the spring harvest season to support our production and sales requirements for the subsequent year.
Financial Information · p. 172
The company's explanation, the adviser's view and the page in the filing: see MattersThese seasonal fluctuations may render our results of operations in certain given periods not indicative of our results of operations for the full year.
Financial Information · p. 172
We typically experience surges in demand for EVs and related services in the second and fourth quarters each year, when major online retailers and e-commerce platforms launch special promotions (such as the annual June 18th and November 11th online shopping festivals).
Business · p. 141
The company's explanation, the adviser's view and the page in the filing: see MattersThe degree of seasonality may vary each year, and our operating and financial results for an interim period may not be representative of our overall performance for a year.
Financial Information · p. 185
The company's explanation, the adviser's view and the page in the filing: see MattersFor our digital marketing business, seasonality is largely influenced by key promotional events launched by advertisers, such as the e-commerce industry's Double 11 and 618 shopping festivals, and the 818 promotional event in the automotive sector.
Business · p. 191
Our results of operations are subject to seasonal fluctuations.
Business · p. 165
The company's explanation, the adviser's view and the page in the filing: see MattersFor example, our revenue is relatively higher during major promotion periods for e-commerce sales in China such as the 618 Mid Year campaign and Double 11 Day campaign, when consumers tend to do more shopping activities on digital retail platforms.
Business · p. 165
Our results of operations are subject to mild seasonal fluctuations.
Business · p. 169
The company's explanation, the adviser's view and the page in the filing: see MattersSeasonal fluctuations have not thus far posed material operational and financial challenges to us.
Business · p. 169
Our Directors consider that the sales and production of our products is subject to the impact of major shopping events such as “Black Friday” promotions organized by our partner e-commerce marketplaces and holidays such as Thanksgiving in the fourth quarter of the year.
Business · p. 164
The company's explanation, the adviser's view and the page in the filing: see MattersAs such, we typically receive more sales orders in the fourth quarter of the year during the Track Record Period.
Business · p. 164
During the Track Record Period, although certain fluctuations associated with industry promotional cycles continued to exist, such fluctuations did not result in material seasonality that would have a significant impact on our results of operations.
Business · p. 147
Our business has historically been influenced by general promotional cycles in the e-commerce and content operation industries, particularly within the beauty and personal care industry, where marketing demand exhibit relatively higher levels in periods leading up to major online shopping festivals in China, in particular the ‘‘618’’ mid-year promotion and the ‘‘Double 11’’ shopping festival, which typically corresponded to increased marketing and promotional activities by enterprise customers.
Business · p. 147
The company's explanation, the adviser's view and the page in the filing: see MattersThis diversification into project-based marketing cycles has effectively moderated our seasonal fluctuations and reduced our reliance on specific shopping festivals.
Business · p. 147
We typically experience higher product sales during shopping festivals, such as 618, Double Eleven and Double Twelve shopping festivals, and public holidays, such as the New Year, the Spring Festival and Christmas.
Business · p. 143
As such, we typically experience sales peaks during the fourth quarter of each year.
Business · p. 143
The company's explanation, the adviser's view and the page in the filing: see MattersWe believe this pattern is likely to continue in the foreseeable future.
Business · p. 143
The sales performance of our products is generally subject to seasonal fluctuations.
Business · p. 175
Due to the concentration of global shopping events in the second half of the year, our shipment volume generally increases, resulting in higher revenue during this period.
Financial Information · p. 212
The company's explanation, the adviser's view and the page in the filing: see MattersSuch fluctuations are seasonal in nature and thus quarterly or half-year results are not indicative of our results of operations for the full year.
Financial Information · p. 212
Our results of operations exhibit certain seasonal patterns.
Business · p. 164
Sales typically peak in the fourth quarter driven by the “Double 11” festival, with an additional uplift around the mid-year “618” promotion.
Business · p. 164
The company's explanation, the adviser's view and the page in the filing: see MattersTo manage demand surges, we take advantage of flexible staffing arrangements.
Business · p. 164
Due to the nature of our jewellery products, which are tied to celebratory and gifting cycles, generally, we record higher sales in certain festivals that celebrates love and affection such as Valentine’s Day, Chinese Valentine’s day and Christmas.
Business · p. 147
The company's explanation, the adviser's view and the page in the filing: see MattersOur sales are subject to seasonal fluctuations, which are driven by consumer demand patterns around key holidays and shopping festivals.
Financial Information · p. 217
The company's explanation, the adviser's view and the page in the filing: see MattersAs such, we typically experience sales peaks during the fourth quarter of each year.
Business · p. 163