Hong Kong IPO disclosure precedents · 412 companies, 412 items
Disclosures that the five largest suppliers together account for a material share (roughly 20% or more) of total purchases, with amounts, percentages and supplier types set out.
Our top five suppliers in the aggregate accounted for 40.4%, 43.3% and 53.7% of our total purchase amount in 2023, 2024 and 2025, respectively. Our largest supplier accounted for 12.5%, 14.1% and 18.4% of our total purchase amount in 2023, 2024 and 2025, respectively.
Business · p. 143
Our centralized purchasing enables us to leverage the national purchasing power of our operations, reduces our dependence on any one supplier and gives us a strong bargaining position to lower costs.
Business · p. 114
We believe we have sufficient alternative suppliers for pharmaceutical and healthcare products that can provide us with substitutes of comparable quality and prices.
The aggregate purchases from our top five suppliers during each year of the Track Record Period amounted to RMB1,968.9 million, RMB2,265.6 million and RMB2,102.6 million, which accounted for 74.1%, 66.3% and 53.7% of aggregate purchases for, respectively, the aforementioned periods.
Summary · p. 3
Purchases from our largest supplier during each year of the Track Record Period were RMB662.0 million, RMB855.6 million and RMB734.0 million, respectively, representing 24.9%, 25.0% and 18.7% of our total purchases, respectively.
Business · p. 144
Our Directors confirmed that, During the Track Record Period, we have not experienced any significant material fluctuation in prices set by our suppliers, material breach of contract on the part of our suppliers or material delay in delivery of our orders from our suppliers.
In 2023, 2024 and 2025, our five largest suppliers for each year of the Track Record Period in aggregate accounted for 40.4%, 50.9% and 65.7% of our total purchase amount, respectively.
Summary · p. 5
Such concentration was primarily attributable to (i) we adopt a customised development model and strictly limit the number of our suppliers, (ii) we adopt a procurement strategy of leveraging economies of scale to achieve cost efficiencies and (iii) certain of our key components, including core photovoltaic modules, can currently only be manufactured by a limited number of qualified suppliers that possess the requisite technical capabilities and production expertise.
Business · p. 139
During the Track Record Period and up to the Latest Practicable Date, to the best of our knowledge, none of our Directors, their close associates or any of our shareholders (who owned or, to the knowledge of the Directors, had owned more than 5% of our issued share capital) had any interest in any of our five largest suppliers for each year during the Track Record Period.
our purchases from our largest supplier in each year during the Track Record Period amounted to RMB20.8 million, RMB36.2 million, and RMB77.0 million, representing 17.2%, 14.1% and 19.8% of our total purchases, respectively
Business · p. 171
In the optical computing industry, critical materials, equipment and processes are often concentrated among a limited number of suppliers with leading technology and production capacity, according to Frost & Sullivan.
Business · p. 172
For critical raw materials, we typically qualify at least two, and in some cases three, suppliers and encourage our R&D team to explore domestic substitution solutions, while managing inventory levels based on actual yield rates and order visibility so as to secure timely delivery and minimise excessive stock.
In 2024 and 2025, our purchases from our five largest suppliers in each year in aggregate amounted to RMB241.5 million and RMB280.6 million, respectively, representing 25.3% and 27.8% of our total corresponding purchases, and our purchases from the largest supplier in each period amounted to RMB84.0 million and RMB94.3 million, accounted for 8.8% and 9.4% of our total corresponding purchases, respectively.
Summary · p. 10
In addition, adequate alternative sources for such supplies exist, and we have developed alternative sourcing strategies for these supplies.
Business · p. 211
During the Track Record Period, our major suppliers for our R&D primarily consisted of CROs, SMOs and CDMOs and we did not experience any material disputes with our suppliers.
For the years ended December 31, 2023, 2024 and 2025, our purchases from our five largest suppliers amounted to RMB69.1 million, RMB173.2 million and RMB201.5 million, accounted for 31.0%, 36.6% and 29.1% of our total purchases for the respective period, respectively.
Business · p. 130
For each category of major raw materials and components, we generally engage more than one qualified supplier to secures supplies.
Business · p. 129
To the best of our knowledge, all of our five largest suppliers during the Track Record Period are independent third parties.
Purchases from our five largest suppliers amounted to RMB133.8 million, RMB171.3 million and RMB165.8 million in 2023, 2024 and 2025, respectively, representing 41.8%, 51.2% and 46.6% of our total purchases for the same respective periods.
Business · p. 158
Our purchases from the largest supplier represented 24.4%, 33.8% and 31.5% of our total purchases in 2023, 2024 and 2025, respectively.
Business · p. 158
Before the Sanction came into effect, we had begun seeking collaboration with domestic sequencing equipment suppliers to reduce our reliance on upstream suppliers and mitigate the risk of raw material price fluctuations.
During the Track Record Period, purchases from our five largest suppliers in each period amounted to RMB1,670.9 million, RMB2,602.4 million, and RMB4,289.1 million, respectively, representing 17.0%, 22.7%, and 30.7% of our total purchases, respectively.
Business · p. 164
We implement a multi-supplier strategy for critical materials, maintaining primary and backup supplier relationships to reduce single supplier dependency risks.
Business · p. 162
We actively pursue domestic sourcing of imported materials, particularly in optical components (for the optical modules and connectivity solutions segment) and laser chips (for the laser processing equipment and intelligent manufacturing segment), to reduce exposure to any international trade disruptions.
In 2023, 2024 and 2025, purchases from our five largest suppliers in each year during the Track Record Period amounted to RMB1,975.3 million, RMB2,428.2 million and RMB5,658.0 million, accounting for 31.4%, 29.3% and 45.2% of our total purchases.
Business · p. 139
Our suppliers are mainly suppliers of raw materials and equipment. We have established and maintain stable, long-term and sustainable relationships with these major suppliers.
Business · p. 138
We have adopted a multi-tiered supplier risk management framework to ensure the safety, reliability and sustainability of our supply chain.
In each period during 2023, 2024 and 2025, purchases from our five largest suppliers in each period amounted to RMB119.8 million, RMB198.7 million and RMB197.2 million, respectively, which accounted for 29.2%, 33.8% and 29.3% of our total purchases for the corresponding periods, respectively.
Summary · p. 6
In each period during 2023, 2024 and 2025, purchases from our largest supplier in each period amounted to RMB32.6 million, RMB76.2 million and RMB61.7 million, respectively, which accounted for 7.9%, 13.0% and 9.2% of our total purchases for the corresponding periods, respectively.
Business · p. 158
We have established a set of internal measures on selection of suppliers.
In 2023, 2024 and 2025, purchases from our five largest suppliers amounted to RMB4,524.2 million, RMB8,112.4 million and RMB10,541.4 million, respectively, accounting for 28.8%, 39.1% and 41.1% of our total purchases in the respective periods.
Business · p. 132
Our suppliers are mainly providers of chips, display modules, PCBA and various electronics components. We have established and maintain stable and long-term relationships with these major suppliers.
Summary · p. 4
We have established rigorous processes for the selection, evaluation and management of our suppliers to ensure suppliers meet our quality and performance standards.
Purchases from our five largest suppliers in each year during the Track Record Period amounted to RMB283.5 million, RMB301.6 million and RMB347.3 million for the years ended December 31, 2023, 2024 and 2025, respectively, representing 23.8%, 26.0% and 27.0% of our total purchases for the same year.
Summary · p. 5
Purchases from our largest suppliers in each year during the Track Record Period amounted to RMB89.4 million, RMB130.9 million and RMB180.5 million for the years ended December 31, 2023, 2024 and 2025, respectively, representing 7.5%, 11.3%, and 14.0% of our total purchases for the same year.
Business · p. 164
We maintain a diversified procurement strategy that balances internal production with external sourcing to ensure supply chain resilience and mitigate over-reliance on any single source.
In each of the years ended December 31, 2023, 2024 and 2025, purchases from our five largest suppliers accounted for 54.7%, 54.4% and 61.5% of our total purchase amount, respectively; purchases from our single largest supplier accounted for 29.4%, 35.5% and 34.8% of our total purchase amount, respectively.
Summary · p. 4
In each of the years ended December 31, 2023, 2024 and 2025, purchases from our five largest suppliers amounted to RMB407.8 million, RMB785.3 million and RMB1,471.8 million, representing 54.7%, 54.4% and 61.5%, of our total purchase amount, respectively; purchases from our single largest supplier amounted to RMB218.8 million, RMB512.3 million and RMB832.9 million, representing 29.4%, 35.5% and 34.8% of our total purchase amount, respectively.
Business · p. 114
Moreover, our procurement department collaborates closely with our R&D team to seek alternative solutions and optimize product structure, reducing reliance on single suppliers and enhancing supply chain flexibility and resilience.
In 2023, 2024 and 2025, purchases from our five largest supplier accounted for approximately 30.9%, 34.1% and 51.5% of our total purchases for each of the same periods, respectively, and purchases from our largest suppliers accounted for approximately 9.3%, 8.4% and 19.6% of our total purchases for the same periods, respectively.
Summary · p. 4
Our five largest suppliers accounted for approximately 30.9%, 34.1% and 51.5% of our total purchases for each of the same periods, respectively.
During each year of the Track Record Period, the aggregate purchase amounts from the five largest suppliers set out above were RMB83.0 million, RMB119.5 million, and RMB372.2 million, representing 19.6%, 22.8%, and 32.2% of our total purchase amount from suppliers associated with our cost items, respectively.
Business · p. 152
Our Directors confirmed that, during the Track Record Period, we have not experienced fluctuations in prices set by our suppliers, breach of contract on the part of our suppliers or delay in delivery of our orders from our suppliers that, in each case, have had a material adverse effect on our business operations.
Business · p. 152
Through standardized management processes and coordination mechanisms, we enhance supply chain transparency and responsiveness, while reducing reliance on any single supplier.
For the years ended December 31, 2024 and 2025, purchases from our top five suppliers in aggregate amounted to approximately RMB1.4 million and RMB2.1 million, representing 52.5% and 52.3% of our total purchases, respectively, and purchases from our largest supplier for each year/period of the Track Record Period amounted to RMB0.4 million and RMB0.6 million, representing 15.9% and 15.8% of our total purchases for the same periods, respectively.
Business · p. 168
We primarily use a limited number of suppliers for our principal raw materials, although there are alternate suppliers available for most of such materials.
Purchases from our five largest suppliers in each year during the Track Record Period amounted to RMB954.4 million, RMB1,063.9 million and RMB1,247.9 million in 2023, 2024 and 2025, respectively, representing 29.0%, 29.1% and 30.2% of our total purchases for the same respective year.
Summary · p. 3
To mitigate risks such as supply shortages or price fluctuations, we source key materials from multiple suppliers and seek long-term partnerships to ensure stable and reasonably priced supply.
Business · p. 141
All of our five largest suppliers in each year during the Track Record Period were Independent Third Parties.
Purchase from our five largest suppliers in each year during the Track Record Period without taking into consideration of purchase rebate we received or expected to receive in respect of the corresponding year amounted to RMB56.0 million, RMB53.2 million and RMB50.7 million for the years ended 31 December 2023, 2024 and 2025, respectively, representing approximately 43.9%, 46.0% and 45.5% of our total purchases without taking into consideration of purchase rebate we received or expected to receive in respect of the corresponding year for the same year, respectively, with our largest single supplier representing 12.5%, 14.2% and 13.7% for the same years.
Business · p. 147
We have maintained long-term, continuous business relationships with our top five key suppliers during the Track Record Period, on average we have worked with our top five suppliers for over ten years, which underscores mutual reliability and our supply stability.
Business · p. 148
To ensure supply chain resilience and competitive pricing, we deliberately engage multiple qualified suppliers for each major product category, such as metal frames and standard lens types.
Purchases from our five largest suppliers in each year of the Track Record Period accounted for 71.8%, 39.4% and 36.8% of our total purchases for the years ended December 31, 2023, 2024 and 2025, respectively.
Business · p. 124
As our new energy lithium materials business accounts for a significant portion of our raw material procurement, our largest suppliers are generally raw material suppliers to this segment.
Business · p. 123
To enhance supply security and reduce our exposure to raw material price fluctuations, we have been actively building up our upstream lithium resource base through a combination of equity investments, long-term offtake arrangements and self-operated mining projects.
Purchases from our five largest suppliers in each year of the Track Record Period amounted to RMB189.5 million, RMB123.0 million and RMB198.7 million, representing 35.3%, 22.4% and 31.0% of our total purchases for the years ended December 31, 2023, 2024 and 2025, respectively.
Business · p. 170
We believe we have sufficient alternative suppliers for our business that can provide us with substitutes of comparable quality and prices.