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 2021 and 2022, our purchases from our five largest suppliers in the aggregate accounted for 59.4% and 43.6% of our total purchases (including value-added tax), respectively, and our purchases from the largest supplier accounted for 28.2% and 15.9% of our total purchases (including value-added tax), respectively.
Business · p. 346
In addition, we believe that adequate alternative sources for such suppliers exist, and we have developed alternative sourcing database for these suppliers.
In the years ended December 31, 2020, 2021 and 2022, charges from our largest supplier in terms of transaction amounts accounted for 32.4%, 32.9% and 28.2%, respectively, of our total purchases, and charges from our five largest suppliers in terms of transcation amounts accounted for 58.6%, 78.5% and 72.9%, respectively, of our total purchases.
Business · p. 216
We believe that our operations are not dependent on any particular supplier.
Business · p. 218
During the Track Record Period and up to the Latest Practicable Date, we maintained multiple suppliers and had not experienced significant difficulty in finding suitable substitutes for our suppliers.
In each year during the Track Record Period, procurement from our five largest suppliers amounted to RMB5,143.8 million, RMB6,354.7 million and RMB2,019.1 million, respectively, representing 64.7%, 53.8% and 42.2%, of our total purchases for the same periods, respectively.
Business · p. 232
In each year during the Track Record Period, procurement from our largest supplier amounted to RMB2,032.5 million, RMB1,950.7 million and RMB616.1 million, respectively, representing 25.6%, 16.5% and 12.9%, of our total purchases for the same periods, respectively.
Business · p. 232
During the Track Record Period, we maintained multiple suppliers to avoid over-reliance on any of suppliers and we believe there is no difficulty to find suitable substitutes for our suppliers.
Our purchases from our five largest suppliers in each year during the Track Record Period amounted to RMB86.7 million and RMB152.2 million, respectively, representing 66.3% and 80.3% of our total purchases for the same periods, respectively.
Business · p. 315
Our purchases from our largest supplier in each year during the Track Record Period amounted to RMB26.4 million and RMB127.1 million, respectively, representing 20.2% and 67.1% of our total purchases for the same periods, respectively.
Business · p. 315
During the Track Record Period, all of our five largest suppliers were Independent Third Parties.
For the years ended 30 June 2020, 2021 and 2022 and the four months ended 31 October 2022, our largest supplier (not being subcontractor) in each year/period accounted for approximately 9.6%, 5.7%, 5.7% and 13.5% of our total costs of services (excluding direct labour costs), respectively, while our five largest suppliers (not being subcontractors) in each year/period accounted for approximately 28.0%, 22.0%, 15.2% and 25.6% of our total costs of services (excluding direct labour costs), respectively.
Summary · p. 5
For the years ended 30 June 2020, 2021 and 2022 and the four months ended 31 October 2022, our largest subcontractor in each year/period accounted for approximately 15.7%, 6.8%, 15.8% and 22.2% of our total costs of services (excluding direct labour costs), respectively, while our five largest subcontractors in each year/period accounted for approximately 36.6%, 30.8%, 41.7% and 46.0% of our total costs of services (excluding direct labour costs), respectively.
Summary · p. 5
Our Group generally maintains multiple suppliers and subcontractors for materials and services to avoid over-reliance on a few suppliers and subcontractors and did not experience any material difficulties in sourcing materials from suppliers or engaging subcontractors during the Track Record Period.
In 2020, 2021 and 2022, purchases from our five largest suppliers in each year during the Track Record Period accounted for 35.2%, 35.8% and 56.7% of our total purchases for the respective years, and purchases from our largest supplier in each year during the Track Record Period accounted for 12.2%, 10.0% and 32.8% of our total purchases for the respective years.
Summary · p. 19
The purchase amount from Supplier F increased substantially primarily because (i) the overall increase in the number of contracts, especially for precision omni-channel marketing solutions, in 2022 as well as the temporary measures implemented due to COVID-19 in Shanghai and the fact that many of our employees contracted COVID-19 and took leaves in the end of 2022 affected our ability to deliver academic medical contents solely with our own employees.
Business · p. 332
Nevertheless, we are of the view that, despite the increasing purchases, we did not materially rely on Supplier F for the content creation related work primarily because the work is non-core in nature and it will not be materially difficult for us to seek alternative suppliers in the market as we have already engaged other suppliers for the same type of work.
Purchases from our five largest suppliers in each of 2020, 2021 and 2022 accounted for 35.5%, 38.4% and 29.1% of our total purchases for the respective periods.
Summary · p. 7
We typically retain multiple suppliers for each of the major raw material needed for the production of our baijiu products to reduce reliance on any particular supplier.
Business · p. 189
In 2020, 2021 and 2022, we engaged 44, 65 and 78 suppliers for the supply of base liquor and major raw materials, including sorghum, wheat and rice.
For the years ended December 31, 2019, 2020 and 2021 and the nine months ended September 30, 2022, purchases from our five largest suppliers, which were primarily server rental providers and research and development outsourced service providers, accounted for 100.0%, 98.7%, 100.0% and 100.0% of our total purchase amount, respectively.
Summary · p. 10
For the same periods, purchases from our single largest suppliers accounted for approximately 56.1%, 58.7%, 71.0% and 53.8% of our total purchase amount, respectively.
Business · p. 245
During the Track Record Period and up to the Latest Practicable Date, we had not experienced any material difficulty in procuring sufficient supply of required services and products from our suppliers.
In FY2019, FY2020, FY2021 and 9M2022, transactions with our five largest suppliers in each year/period during the Track Record Period were approximately RMB42.5 million, RMB75.7 million, RMB99.5 million and RMB95.6 million, representing approximately 80.0%, 85.2%, 82.2% and 69.3% of our total purchase, respectively, over the same period.
Summary · p. 12
Although we have not entered into any long term or framework supply agreement with our suppliers, we do not foresee any significant difficulty in finding alternate suppliers for our raw materials.
Business · p. 272
In the event that any of our existing suppliers fail to deliver raw materials (or to satisfy our demand in terms of quality and quantity in a timely manner, or on commercially acceptable terms), we can purchase raw materials from our list of 24 qualified suppliers as alternative suppliers (as at 30 September 2022).
For each of FY2019, FY2020, FY2021 and 3Q2022, purchase from our top five suppliers amounted to approximately RMB357.9 million, RMB322.3 million, RMB474.5 million and RMB298.3 million, respectively, accounting for 21.8%, 20.3%, 29.2% and 24.5% of our total cost of sales, respectively.
Summary · p. 4
Our Group procured a significant amount of labour subcontracting services from these newly established companies as we regularly evaluate and update our list of qualified suppliers with new suppliers to meet our business needs, and that we considered the quotations from these newly established companies are more competitive than other labour subcontractors.
Purchases from our top five largest suppliers in each of 2020, 2021 and 2022 amounted to RMB151.3 million, RMB209.3 million and RMB271.0 million and accounted for 28.5%, 29.6% and 28.3% of our total purchases for the respective periods.
Business · p. 197
We generally aim to have multiple suppliers for a given ingredient or good.
Business · p. 195
During the Track Record Period, we did not experience any material shortage, delay or interruption with respect to the supply of food ingredients or non-food supplies from our suppliers, any material breach or early termination of our contractual arrangements with suppliers which materially affected our business operations, or any material fluctuations in the price of food ingredients or non-food supplies.
For each year or period during the Track Record Period, charges from our largest supplier accounted for 36.8%, 13.8%, 23.6% and 14.7%, respectively, of our total cost of sales and operating expenses, and charges from our five largest suppliers accounted for 50.9%, 33.5%, 36.1% and 33.9%, respectively, of our total cost of sales and operating expenses.
Summary · p. 29
For each year or period during the Track Record Period, charges from our largest supplier accounted for 36.8%, 13.8%, 23.6% and 14.7%, respectively, of our total cost of sales and operating expenses, and charges from our five largest suppliers accounted for 50.9%, 33.5%, 36.1% and 33.9%, respectively, of our total cost of sales and operating expenses.
Business · p. 262
We believe that our operation is not dependent on any particular supplier.