We have been subject to certain levels of seasonal fluctuations with respect to consumer orders. We typically see more consumer traffic and generate higher sales during the summer when the weather is warmer.
Business · p. 221
In addition, the cost of ingredients of our tea beverages, such as fresh fruits, fruit juices and tea leaves, also fluctuates throughout the year, although we preemptively limit the extent of the fluctuations by locking in purchase prices of some of our ingredients in our procurement agreement with suppliers, sometimes as far as one year in advance.
In line with these trends, we usually record our lowest sales volume from January to March due to the Chinese New Year, when the construction activities are less active than other months of the year.
Business · p. 274
We align our production scheduling with market and weather conditions to optimise resources allocation and mitigate the impact of seasonal fluctuations.
Our revenue recognised in the last quarter of each of FY2021, FY2022 and FY2023 amounted to approximately RMB64.9 million, RMB119.2 million and RMB147.5 million, respectively, accounting for approximately 60.7%, 82.1% and 84.0% of our total revenue, respectively.
Business · p. 329
certain types of our customers (mainly including government authorities, SOEs and automotive manufacturers) operate under the annual procurement budget cycle.
Business · p. 329
in particular, in 2024, we have changed our internal performance targets for our sales and marketing staff from an annual basis to a quarterly basis, so as to encourage them to urge our customers to timely finalise and execute contracts.
During the Track Record Period, our PHC Services and Regional Healthcare Solutions usually recorded higher revenue and cost of sales in the fourth quarter of a year.
Financial Information · p. 392
As a result, a higher portion of revenue and cost of sales is typically recognized in the fourth quarter of a year.
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 revenue from fourth quarter accounted for 31.8%, 44.4% and 40.8% of our total revenue in 2021, 2022 and 2023, respectively.
Financial Information · p. 295
The degree of seasonality may vary from year to year due to conditions in the industry and other factors, which makes it difficult for us to predict the level of demand with precision.
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 results of operations are exposed to seasonal fluctuations in demand for our products. We typically experience higher product sales during public holidays, such as the New Year, the Chinese New Year, Christmas and shopping festivals.
Financial Information · p. 328
As such, we typically experience sales peaks during the fourth quarter of each year. We believe this pattern is likely to continue in the foreseeable future.
As we are subject to the seasonality of the hydrogen industry, the majority of our production activities generally take place during the second half of each year.
Business · p. 346
In line with the seasonality of our products' demands, most of our revenue was recognized in the second half of the year, especially in the fourth quarter.
Business · p. 347
As a result, large-scale orders and deliveries of our fuel cell systems are usually concentrated in the second half of the year, particularly in the fourth quarter.
We experience seasonal fluctuations in demand for our products.
Financial Information · p. 442
The peak seasons include the PRC National Day holiday, the period from Chinese New Year till Valentine's Day, and the period during our ''One RMB Exchange'' promotion which is typically in June to September.
Financial Information · p. 442
Accordingly, results of any interim period are not necessarily indicative of results that might be expected during a full year.
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.
We experience seasonal fluctuations in the demand primarily for our vehicle-mounted high-pressure hydrogen supply systems and related products.
Business · p. 352
We typically received more orders from our customers in the second half of each year.
Financial Information · p. 412
We expect that the customer demands for these products do not have material seasonality and the launch of new products will mitigate the impact of seasonality on our financial positions.
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 typically experience sales peaks in the second and third quarters of each year, primarily due to the warmer weather.
Financial Information · p. 330
Meanwhile, we typically have low seasons with generally lower revenue and lower utilization rates for our production capacity in the first and fourth quarters, which negatively affects our profitability during the same periods.
Financial Information · p. 330
The consumption of packaged drinking water and beverages is subject to seasonal variations.
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.
Certain of our product categories can be affected by weather due to the nature of the products, such as air conditioners.
Business · p. 227
Our inventories decreased from RMB47.3 billion as at 31 December 2023 to RMB41.1 billion as at 30 April 2024, primarily due to a decrease in finished goods as the result of seasonality as our operations generally have higher inventory needs at year-end to prepare for increased sales activities during the Chinese New Year.
The delivery of our aircraft is subject to seasonal fluctuations.
Business · p. 249
We usually experience fewer deliveries at the start of the year as we roll out and replenish updated demo and training aircraft, which reduces the number of aircraft available for delivery to customers.
Business · p. 249
Seasonal impacts are typically reflected during the start of our fiscal year leading to lower revenues during such period, such that the first half of each financial year generally contributes a smaller portion of our annual revenue as compared to the second half of the financial 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.