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.
In 2020, 2021, 2022 and the five months ended May 31, 2023, purchases from our five largest suppliers in each year/period during the Track Record Period accounted for 59.7%, 51.7%, 52.2% and 54.2% of our total purchases, respectively.
Business · p. 189
During the Track Record Period, substantially all of raw nests used in our production process were sourced from suppliers in Indonesia, the largest raw nest production country in the world.
Business · p. 185
As of May 31, 2023, we had maintained an average of four years of business relationships with our raw nest suppliers.
For 2020, 2021, 2022 and the five months ended 31 May 2023, our purchases from the top five suppliers for each respective year or period were RMB1,369.9 million, RMB1,814.4 million, RMB2,752.1 million and RMB1,461.1 million, respectively, accounting for 25.6%, 22.1%, 24.6% and 28.1% of our total purchase of products and services for the respective year or period.
Business · p. 271
For each of the years/period during the Track Record Period, except for Tequ Husbandry, all our top five suppliers are Independent Third Parties, and no Directors, Supervisors, their respective associates or Shareholders who own 5% or more of the Company’s issued share capital have any interest in the top five suppliers.
The purchases from our five largest suppliers for each year amounted to approximately RMB136.2 million, RMB173.5 million, RMB153.6 million, RMB74.6 million and RMB81.0 million, representing approximately 35.3%, 36.5%, 30.7%, 30.6% and 32.3% of the cost of services for the years ended 31 December 2020, 2021 and 2022 and the six months ended 30 June 2022 and 2023, respectively.
Summary · p. 5
For the years ended 31 December 2020, 2021 and 2022 and six months ended 30 June 2022 and 2023, the purchases from the five largest suppliers for each year/period (including our subcontractors) together accounted for approximately 74.9%, 71.0%, 67.3%, 67.4% and 72.3% of the total purchases, respectively.
Business · p. 198
(iii) our Directors are of the view that, in case of any shortage of supply from certain suppliers, we are able to source from alternative suppliers with comparable quality and prices for similar services or consumables, and hence our business operations would not solely rely on the supply of a particular supplier.
For the years ended 31 December 2020, 2021, 2022 and the five months ended 31 May 2023, purchases from our largest supplier in each year/period amounted to RMB96.1 million, RMB177.1 million, RMB119.9 million and RMB50.0 million, respectively, accounted for 39.6%, 37.0%, 20.8% and 48.6% of our total amount of purchases, respectively; and purchases from our five largest suppliers in each year/period amounted to RMB175.5 million, RMB293.2 million, RMB305.9 million and RMB77.0 million, respectively, accounted for 72.3%, 61.2%, 53.1% and 74.8% of our total amount of purchases for the same years/period, respectively.
Summary · p. 15
The relatively high concentration of our suppliers during the Track Record Period was in line with this industry trend.
Business · p. 254
As a result, we do not expect the high concentration of suppliers to continue.
The purchases from our top five suppliers for the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023 amounted to approximately RMB815.4 million, RMB2,491.5 million, RMB4,927.4 million and RMB2,059.1 million, representing 10.3%, 15.3%, 30.6% and 35.0% of our total purchase amount for the respective years.
Business · p. 308
For the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, our purchases from the top five suppliers in each year during the Track Record Period were no more than 35% of our total purchases for the same period.
Business · p. 308
Furthermore, to obtain favorable commercial terms and ensure a stable supply of certain materials, during the Track Record Period, we entered into a strategic cooperation agreement with suppliers.
In the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, our five largest ultimate suppliers for each year/period together accounted for 52.6%, 52.7%, 71.8% and 78.7%, respectively, of our cost of services, and our largest ultimate supplier for each year/period accounted for 32.8%, 15.0%, 39.9% and 60.8%, respectively, of our cost of services.
Business · p. 217
We anticipate that the completion of our new facilities in Wuxi by the end of 2023 and the completion of the planned manufacturing facilities in Singapore in 2026 can help us meet a large portion of our need for antibody intermediates.
Business · p. 217
Going forward, as the business of our Group continues to scale up, we intend to independently procure raw materials and expect to also benefit from our own economies of scale.
Cost of services provided by our five largest suppliers in each year or period during the Track Record Period amounted to approximately RMB38.6 million, RMB42.3 million, RMB40.2 million and RMB17.2 million, representing approximately 68.1%, 44.7%, 42.1% and 70.5% of our total cost of services provided by suppliers, respectively.
Business · p. 275
If our suppliers decide to increase the price of the advertising resources and market research data and analysis to us and we could not pass the increase in procurement costs to our customers, or if our suppliers choose not to supply their advertising resources and market research data and analysis to us and we are unable to find suitable alternative suppliers, our results of operations and financial position would be materially and adversely affected.
Financial Information · p. 345
During the Track Record Period, we did not experience any material shortage or delay of supply due to defaults of our suppliers.
For the years ended December 31, 2020, 2021 and 2022 and the four months ended April 30, 2023, procurement from our five largest suppliers in each year/period during the Track Record Period amounted to RMB395.0 million, RMB420.0 million, RMB379.5 million and RMB137.9 million, respectively, representing 50.7%, 49.0%, 46.7% and 41.2% of our total purchases, respectively;
Summary · p. 18
We believe we have sufficient alternative suppliers for our business that can provide us with substitutes of comparable quality and prices. During the Track Record Period, we did not experience any disruption to our business as a result of any significant shortage or delay in supply.
For the years ended 31 December 2020, 2021, 2022 and the six months ended 30 June 2023, transactions with our five largest suppliers in each year/period during the Track Record Period were RMB236.4 million, RMB364.5 million, RMB394.9 million and RMB267.6 million, representing 62.9%, 54.5%, 49.1% and 65.2% of our total transaction amount with automobile suppliers respectively, and transactions with our largest supplier amounted to RMB80.2 million, RMB108.0 million, RMB162.5 million and RMB105.9 million, representing 21.4%, 16.2%, 20.2% and 25.8% of our total transaction amount with automobile suppliers, respectively.
Summary · p. 4
The change in composition of our top five largest suppliers during the Track Record Period typically reflected the changes of our customers' needs.
Business · p. 239
Our Directors confirmed that during the Track Record Period, we did not experience any significant shortage or delay in supply mainly due to our strategy of procuring multiple brands and models of automobiles.
Purchases from our top five suppliers in each year/period accounted for 22.5%, 27.7%, 32.5%, 24.5% and 27.2% of our total purchases in each of 2019, 2020, 2021, 2022 and the six months ended June 30, 2023, and purchases from our largest supplier in each year/period accounted for 6.3%, 7.9%, 7.7%, 9.7% and 9.4% of our total purchases in the same periods, respectively.
Business · p. 285
We therefore depend on merchandise suppliers to provide us with merchandise of quality for sale via our POS network or for wholesales, although, during the Track Record Period, we did not rely heavily on any single merchandise supplier.
Financial Information · p. 377
We have adopted a series of measures to effectively control our procurement costs, including among others, entering into framework agreements with merchandise suppliers to ensure stable prices for our merchandise.
In 2020, 2021 and 2022 and the four months ended April 30, 2023, purchase from our largest supplier in each period during the Track Record Period accounted for 8.1%, 9.8%, 10.4% and 14.4%, respectively, of our total purchase amount for the respective periods.
Business · p. 227
For the same periods, purchase from our five largest suppliers in each period during the Track Record Period accounted for 17.4%, 24.0%, 31.7% and 29.8%, respectively, of our total purchase amount for the respective periods.
Business · p. 227
For critical bottleneck supplies, we may secure exclusive supply arrangements with key suppliers, have multiple suppliers or suppliers with multiple technical solutions while taking their geographic location into account to minimize any potential disruption in our operations, maintain sourcing stability and/or avoid over-reliance risk.
For each year/period during the Track Record Period, purchases from our five largest suppliers accounted for 41.2%, 33.5%, 34.0% and 50.7%, respectively, of our total purchases. For each year/period during the Track Record Period, purchases from our single largest supplier accounted for 15.7%, 14.3%, 15.9% and 36.9%, respectively, of our total purchases.
Business · p. 295
Our other five largest suppliers for each period during the Track Record Period, all of which are Independent Third Parties, primarily included medical equipment manufacturers and a pharmaceutical company. We have been working with these suppliers for a period of up to nine years, and we typically made payments via bank transfers within 60 days after receipt of invoice or based on the completion of milestones of the relevant project schedules.
Business · p. 295
We primarily use a limited number of quality suppliers for our principal raw materials. As of the Latest Practicable Date, we had two major suppliers for our principal raw materials in China, from which we purchased on an as-needed basis.
For the years ended December 31, 2020, 2021 and 2022 and the four months ended April 30, 2023, our five largest suppliers in each year/period contributed to approximately 56.1%, 64.5%, 59.0% and 53.4% of our total purchases for the same year/period, respectively.
Business · p. 285
We believe we have sufficient alternative suppliers for our business that can provide us with substitutes of comparable quality and prices.
Business · p. 289
During the Track Record Period, we did not experience any disruption to our business as a result of any significant shortage or delay in supply.
Purchases from our five largest suppliers in each year during the Track Record Period accounted for 31.6%, 37.0%, 36.8%, 36.6% and 38.0% of our total purchases in each year ended 31 December 2019, 2020, 2021, 2022 and the three months ended 31 March 2023, respectively, and purchases from our largest supplier accounted for 12.6%, 14.1%, 14.2%, 13.8% and 11.9% of our total purchases in each year ended 31 December 2019, 2020, 2021, 2022 and the three months ended 31 March 2023, respectively.
Summary · p. 7
All of our five largest suppliers are Independent Third Parties.
Summary · p. 7
We directly procure merchandise from the manufacturing brands where possible, and engage with a diverse pool of other supply channels to ensure the comprehensiveness and reliability of our supply chain.
During the Track Record Period, purchases from our five largest suppliers in the years ended December 31, 2020, 2021 and 2022 and the four months ended April 30, 2023 represented approximately 43.9%, 23.8%, 27.8% and 28.0% of our total purchases in each year/period, and purchases from our largest supplier for the same periods represented approximately 18.1%, 5.5%, 8.4% and 7.7% of our total purchases in each year/period.
Business · p. 269
As we have access to sufficient vessel resources, we strategically decided to charter in vessels in short terms to avoid market risks and reliance on a single supplier.
Business · p. 271
Our Directors confirm that our five largest suppliers in each period during the Track Record Period were all Independent Third Parties and that none of our Directors, their respective close associates or any Shareholder (which to the best knowledge of our Directors owned more than 5% of our share capital as of the Latest Practicable Date) had any interest, directly or indirectly, in any of our five largest suppliers in each period during the Track Record Period.
For the years ended December 31, 2022 and 2021 and the five months ended May 31, 2023, the aggregate purchases attributable to our five largest suppliers in each year/period were RMB68.0 million, RMB24.5 million and RMB16.5 million, respectively, representing 48.4%, 37.7% and 29.7% of our total purchases for the same years/periods, respectively.
Summary · p. 23
Purchases attributable to our single largest supplier in each year were RMB50.0 million, RMB9.0 million and RMB5.4 million, accounting for 35.3%, 13.8% and 9.6% of our total purchases for the same years/periods, respectively.
Business · p. 467
Accordingly, the purchase amount attributable to supplier F was RMB50.0 million in 2022 and supplier F was the largest supplier for the same year.
The aggregate purchases attributable to our five largest suppliers in each period during the Track Record Period amounted to RMB55.9 million, RMB58.1 million and RMB14.7 million, respectively, representing 32.4%, 30.2% and 40.7% of our total purchases, respectively.
Business · p. 320
We believe that we maintain strong and stable relationships with our major suppliers.
Business · p. 320
None of our five largest suppliers in each period during the Track Record Period was our related parties.
For the years ended December 31, 2021 and 2022, our purchases from our largest supplier accounted for 24.4% and 12.0% of our total purchases and our purchases from our five largest suppliers in the aggregate accounted for 48.4% and 38.9% of our total purchases, respectively.
Business · p. 387
During each year of the Track Record Period, Kelun Group (together with Kelun Medicine & Trade Group), was our largest supplier.
Business · p. 387
A majority of our raw materials are widely available, and we are able to purchase them from numerous suppliers around the world according to our product development plans.
In 2020, 2021 and 2022, purchases from our five largest suppliers in each year were RMB510.8 million, RMB427.2 million and RMB718.0 million, representing 43.1%, 28.1% and 35.6% of our total purchases, respectively.
Business · p. 197
We believe that adequate alternative sources for such supplies exist and we have developed alternative sourcing strategies for these supplies.
Business · p. 197
We typically retain multiple suppliers for each major category of procurement to reduce reliance on any particular supplier.
Our purchases from our five largest suppliers in the aggregate in each period during the Track Record Period amounted to RMB78.7 million and RMB152.6 million, representing 63.4% and 67.2% of our total purchases (excluding value-added tax), respectively.
Business · p. 334
Our purchases from our largest supplier in each period during the Track Record Period amounted to RMB27.7 million and RMB80.4 million, representing 22.3% and 35.4% of our total purchases (excluding value-added tax), respectively.
Business · p. 334
To the best of our knowledge, all of our five largest suppliers during the Track Record Period are Independent Third Parties.