In each year during the Track Record Period, purchases from our top five suppliers accounted for approximately 75.1%, 73.3%, 58.3% and 47.9% of our total purchase, respectively, and the total purchase from our largest supplier accounted for approximately 26.9%, 48.1%, 31.2% and 23.2% of our total purchase amount in each year during the Track Record Period, respectively.
Business · p. 250
For the year ended December 31, 2019, 2020, 2021 and 2022, our purchases from Hengmei Group amounted to RMB13.9 million, RMB74.4 million, RMB47.1 million and RMB42.3 million, respectively.
Business · p. 255
We consider engaging only one supplier for the production of such products to be appropriate to minimize the risk of leakage of confidential formulae and inconsistent quality of our products in order to maintain our competitive advantages.
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.
For the years ended 31 December 2020, 2021 and 2022, the amount of heat procured by us from cogeneration plants amounted to approximately 18.6 million GJ, 18.2 million GJ and 19.2 million GJ, accounting for approximately 76.3%, 78.3% and 79.2% of the total amount of heat sourced by our Group, respectively.
Summary · p. 3
Purchases from our top five suppliers in the years ended 31 December 2020, 2021 and 2022 in aggregate amounted to approximately RMB402.1 million, RMB337.2 million and RMB385.6 million, representing approximately 40.5%, 38.7% and 38.0% of our total purchases, respectively.
Business · p. 274
During the Track Record Period and up to the Latest Practicable Date, we did not experience any material lack of capacity, supply shortage, fluctuation in procurement price, delay or disruption in our operations relating to our suppliers or any material product claims attributable to our suppliers.
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.
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.
For each year during the Track Record Period, our purchases from our five largest suppliers amounted to RMB149.5 million, RMB156.4 million and RMB121.5 million, representing 60.6%, 58.1% and 48.3% of our total purchases for the same periods, respectively.
Business · p. 253
For each year during the Track Record Period, our purchases from our largest supplier, being a labour service provider, amounted to RMB90.8 million, RMB50.0 million and RMB43.2 million, representing 36.8%, 18.6% and 17.2% of our total purchases, respectively.
Business · p. 253
The gradual decrease in purchase from our largest supplier for FY2020, FY2021 and FY2022 was in line with our strategies to reduce reliance on one single supplier by procuring other suppliers which can offer similar services.
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.
Based on our management account and as measure by purchase price, in 2021 and 2022, the raw materials from overseas suppliers accounted for approximately 50.6% and 42.1% of our total raw materials, respectively.
Business · p. 314
The price of raw material sourced from overseas and their delivery time increased due to the outbreak of COVID-19.
Business · p. 314
However, we have not experienced any shortage or delays in the supply of raw materials during the Track Record Period, and the increasing price of raw materials sourced from overseas has little impact on our costs as (i) the amount of raw materials used in the research and development stage is small, and (ii) our overseas suppliers, most of which are domestic agents, have cooperated with us for many years, with stable supply of goods and reasonable prices, and (iii) there are more alternative raw materials with the same quality available in China, which reduces the proportion of raw materials sourced from overseas to a certain extent.
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 the years ended December 31, 2019, 2020 and 2021 and the nine months ended September 30, 2022, procurement made to our five largest suppliers represented approximately 13.7%, 15.2%, 9.5% and 16.0% of our total procurement costs for each year/period of the Track Record Period, respectively, and procurement made to our largest supplier represented approximately 5.4%, 6.3%, 2.5% and 3.8% of our total procurement costs for each year/period of the Track Record Period, respectively.
Summary · p. 4
All of our top five suppliers during the Track Record Period are Independent Third Parties.
Business · p. 283
During the Track Record Period, we did not experience any material difficulty in sourcing materials and vessels nor have we experienced any shortage or delay in the supply of materials and vessels during the same period.
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.