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.
For the years ended 31 December 2021, 2022 and 2023, the Group’s procurement costs attributable to its five largest suppliers in each year during the Track Record Period accounted for approximately 58.3%, 71.7% and 61.8% of its total purchases, respectively.
Summary · p. 6
while the procurement costs incurred which were attributable to the Group’s largest supplier in each year during the Track Record Period amounted to approximately RMB128.3 million, RMB100.2 million and RMB91.6 million, representing approximately 32.6%, 32.3% and 19.2% of its total purchases, respectively.
Business · p. 240
Where possible, the Group strives to source the required hardware, such as monitors, surveillance cameras, cables, data storage systems and other materials, and third-party software systems from a wide range of suppliers so as to reduce its reliance on any single supplier and to guard against any shortages.
In each year during the Track Record Period, purchases from our five largest suppliers were approximately S$7.5 million and S$6.8 million, accounting for approximately 47.4% and 52.2% of our total purchases, respectively, and purchases from our largest supplier were approximately S$2.4 million and S$1.9 million, accounting for approximately 14.9% and 14.6% of our total purchases, respectively for the years ended 31 December 2022 and 2023.
Business · p. 215
Our Directors do not consider that our business is dependent on any single supplier and we have maintained stable business relationships with our major suppliers.
Business · p. 215
To the best knowledge of our Directors, none of our Directors or any person who, to the best knowledge of our Directors, owns more than 5% of the issued share capital of any of our subsidiaries (or any of their respective associates) had any interest in any of our five largest suppliers in each year of the Track Record Period.
Our purchase from the largest supplier in each year during the Track Record Period amounted to RMB605.9 million, RMB633.8 million and RMB1,826.0 million, accounting for approximately 74.7%, 84.0% and 80.9% of our total purchases for the respective year.
Business · p. 223
Since we are not a member of the Shanghai Gold Exchange and are not qualified to directly made gold transactions at the Shanghai Gold Exchange, during the Track Record Period, we primarily procured gold from the Shanghai Gold Exchange through its qualified members, such as Gongmei Group (which is a general member qualified to conduct proprietary trading business and agency business for corporate clients) and the Industrial and Commercial Bank of China ("ICBC") (which is a financial member qualified to conduct proprietary trading business, agency business for both corporate and individual clients, and other businesses as approved by regulatory authorities).
Business · p. 224
Even if Gongmei Group no longer supplies gold for us, there are many other gold suppliers readily available in the market to supply gold to us at comparable prices.
For each of the years ended December 31, 2021, 2022 and 2023, procurement from our five largest suppliers accounted for 56.2%, 69.9% and 83.2% of our total purchases, respectively, and purchases from our largest supplier accounted for 36.3%, 42.5% and 46.3% of our total purchases, respectively.
Business · p. 210
The percentage of purchases from our five largest suppliers increased substantially in 2023 compared to the percentage of purchases in 2021 and 2022, primarily due to the commencement of our cooperation with Customer L, who mainly used mobile number-related three-factor authentication API, the data supply of which was provided by Supplier A.
Business · p. 210
Our Directors confirm that, as of the Latest Practicable Date, (i) our five largest suppliers during the Track Record Period were Independent Third Parties; and (ii) none of our Directors, their close associates or Shareholders who own more than 5% of the share capital of our Company had any interest in our five largest suppliers.
Purchases from our top five suppliers in each year during the Track Record Period accounted for 41.9%, 39.0% and 40.8% of our total purchases in 2021, 2022 and 2023, respectively, and purchases from our largest supplier in each year during the Track Record Period accounted for 12.2%, 9.7% and 10.2% of our total purchases in the same years, respectively.
Business · p. 265
We select our suppliers based on the quality of services, prices and our business needs.
Business · p. 265
We were generally granted a credit term ranging from 30 to 60 days by our five largest suppliers (except for suppliers of payment services which had no credit terms) for each year of the Track Record Period and we settled with them through bank transfer.
For the years ended December 31, 2021, 2022 and 2023, purchases from our five largest suppliers in each year, who were Independent Third Parties, were approximately RMB1,592.4 million, RMB1,716.4 million and RMB1,632.0 million, representing 76.6%, 78.0% and 79.7% of our total purchases respectively, and our largest supplier in each year accounted for 41.0%, 32.9% and 27.9% of our total purchase amount, respectively.
Business · p. 179
Except for certain bulk materials, such as petroleum toluene, we have multiple sources for most of our raw materials to reduce possible interruptions to our business operations and over-reliance on any particular supplier.
Purchases from our five largest suppliers in 2021, 2022 and 2023 amounted to RMB116.2 million, RMB77.1 million and RMB122.7 million, respectively, representing approximately 33.7%, 17.6% and 27.1% of our total purchases in the same years, respectively.
Business · p. 468
In the event of cessation of production or supply of any products, the supplier shall notify us immediately; we shall have the right to place a final order for such products in such quantities as may be reasonably required, and the supplier shall accept such order at the price agreed upon by the parties, which shall not be higher than the applicable price set forth in the agreement.
In each year of the Track Record Period, purchases from our five largest suppliers amounted to RMB115.6 million, RMB146.4 million and RMB167.3 million, respectively, accounting for 35.3%, 42.9% and 34.9%, respectively, of our total purchases.
Business · p. 290
In each year of the Track Record Period, all of our five largest suppliers were Independent Third Parties, and none of our Directors, their respective close associates, or any Shareholder who, to the knowledge of our Directors, owns more than 5% of our issued capital, had any interest in these suppliers during the Track Record Period and up to the Latest Practicable Date.
Business · p. 290
We generally enter into framework agreements with our major suppliers, which set out the specifications, prices, delivery terms, payments for each service purchased by us.
Our aggregate purchases from our five largest suppliers in each year of the Track Record Period amounted to RMB84.0 million, RMB35.6 million and RMB37.4 million, accounting for 33.3%, 19.7% and 20.8% of our total purchases in the respective periods
Summary · p. 8
and purchases from our largest supplier in each year of the Track Record Period amounted to RMB36.7 million, RMB9.6 million and RMB11.7 million, representing 14.6%, 5.3% and 6.5% of our total purchases during the respective periods.
Business · p. 264
To the best knowledge of our Directors, except for Guizhou Tongyuan Group and China Grand Automotive Services Group Co., Ltd., each of our five largest suppliers in each year during the Track Record Period was an independent third party.
For each year during the Track Record Period, purchases from our five largest suppliers accounted for 48.3%, 33.5% and 30.5% of our total purchases for the same years, respectively.
Summary · p. 10
As of the Latest Practicable Date, none of our Directors, their close associates or any of our Shareholders which to the best knowledge of our Directors owned more than 5% of the issued share capital of our Company, had any interest in our five largest suppliers in each year during the Track Record Period.
In 2022 and 2023, the aggregate purchase attributable to our five largest suppliers in each year accounted for 54.1% and 49.9% of our total purchases, respectively.
Business · p. 394
We believe that adequate alternative sources for such supplies exist and we will establish necessary relationships with alternative sources based on supply continuity risk assessment.
Business · p. 394
Our Directors confirm that during the Track Record Period and as at the Latest Practicable Date: (i) we did not experience any material difficulties in obtaining clinical services in a timely manner; (ii) we did not have any material disputes with our major suppliers; (iii) as confirmed by F&S, there are many qualified service providers which are experienced in the area we focused on; and (iv) as our clinical trials needs expanded with the development of our product candidates as more of them entered into clinical trials and for indications expansion, we plan to collaborate with more service providers to support us.
For FY2020, FY2021, FY2022 and 9M2023, purchases from our largest supplier in each year/period accounted for approximately 70.3%, 62.9%, 50.8% and 40.6%, respectively, of our total purchases.
Business · p. 220
Despite such concentration of suppliers during the Track Record Period, our Directors consider that we are not overly reliant on any single supplier including Supplier G and Supplier L and thus there is no material risk arising from such concentration
Business · p. 221
(ii) our Directors consider that the supplies of the raw materials used in our production are ample in the market with numerous suppliers, and that our Group can seek alternative suppliers as and when appropriate in the market without material limitations.
For the same periods, purchases from our largest supplier amounted to RMB28.8 million, RMB38.0 million, RMB44.9 million and RMB59.1 million, which accounted for 17.1%, 22.7%, 19.5% and 21.7% of our total purchases, respectively.
Summary · p. 13
For the years ended December 31, 2020, 2021, 2022 and for the nine months ended September 30, 2023, the aggregate purchases from our top five suppliers in each year of the Track Record Period amounted to RMB105.6 million, RMB114.9 million, RMB122.1 million and RMB154.2 million, which accounted for 62.8%, 68.6%, 53.0% and 56.6% of our total purchases, respectively.
Business · p. 309
During the Track Record Period, we have not experienced any significant fluctuation in prices set by our suppliers or material breach of contract on the part of our suppliers.
Our 5 largest suppliers in each year/period during the Track Record Period aggregately accounted for approximately 92.5%, 93.9%, 70.5% and 88.8% of our cost of services, respectively, and our cost of services from our largest supplier in each year/period during the Track Record Period accounted for approximately 33.8%, 32.7%, 19.4% and 51.5% of our cost of services, respectively.
Summary · p. 7
Our Directors consider that such suppliers concentration is not uncommon in the mobile advertising industry in the PRC and our business model is sustainable after having considered the following factors:
Business · p. 214
Our Directors consider that we can continue to explore new cooperation opportunities with new media platforms to expand our network for ad distribution and reduce our reliance on Alibaba Group and Supplier C.
For the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, the total cost of sales involving our top five suppliers was RMB16.2 million, RMB48.3 million, RMB47.3 million and RMB20.2 million, representing 24.5%, 23.8%, 22.0% and 25.5% of our total cost of sales for the same periods, respectively.
Business · p. 193
We maintain a multi-supplier policy and seek price quotations from at least three suppliers for the purchase of major raw materials and equipment to avoid undue reliance on any single supplier.
In 2020, 2021, 2022 and the six months ended June 30, 2023, purchase from our five largest suppliers in each year/period during the Track Record Period was RMB67.3 million, RMB186.9 million, RMB165.4 million and RMB91.6 million, respectively, accounting for 42.3%, 43.4%, 37.8% and 40.5% of our total purchases in the same periods, respectively, and purchase from our largest supplier in each year/period during the Track Record Period accounted for 12.2%, 16.3%, 17.7% and 17.5% of our total purchases in the same periods, respectively.
Summary · p. 4
We generally do not rely on any single supplier for any of our major pharmaceuticals or medical consumables.
Purchases from our five largest suppliers during each year/period for the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023 accounted for 22.2%, 17.2%, 26.0% and 43.1%, respectively, of our total purchases during those periods.
Business · p. 200
We believe that our operation is not dependent on any particular supplier or contract manufacturer.
The purchases from our top five suppliers in each year/period during the Track Record Period amounted to RMB144.3 million, RMB195.0 million, RMB188.2 million and RMB105.8 million, respectively, representing 35.2%, 34.7%, 26.3% and 50.7% of our total cost of sales for the respective years/period.
Summary · p. 10
We typically obtain quotations from at least two suppliers, in order to ensure supply stability and optimal procurement cost control, whereas we may source those components which we believe substitute suppliers can be easily identified.
Business · p. 292
To the best of our knowledge, during the Track Record Period and up to the Latest Practicable Date, save as Shanghai UBJ which was acquired by our Group in 2022, all of our top five suppliers were Independent Third Parties.
In addition, we believe that adequate alternative sources for such supplies exist, and we have developed alternative sourcing strategies for these supplies.
Business · p. 333
In 2021 and 2022 and the six months ended June 30, 2023, our purchases from our five largest R&D suppliers in each year/period in aggregate amounted to RMB26.9 million, RMB68.7 million and RMB36.4 million, representing 45.5%, 54.4% and 45.7% of our total corresponding purchases, respectively, and our purchases from the largest R&D supplier in each year accounted for 12.0%, 17.9% and 26.5% of our total corresponding purchases, respectively.
In each of 2020, 2021 and 2022 and the six months ended June 30, 2023, purchases from our largest supplier for the respective period accounted for 9.7%, 8.4%, 13.3% and 14.5% of our total amount of purchase during the respective period, while our five largest suppliers for the respective period accounted for 36.8%, 33.2%, 44.3% and 52.0% of our total amount of purchase during the respective period.
Business · p. 268
We only procure raw materials from the suppliers listed on our qualified supplier catalog.
Business · p. 268
To ensure the stable supplies of key raw materials, we may engage in strategic cooperation with major suppliers of raw materials to primarily lock the quantity of our key raw materials in advance.