荣利营造控股有限公司Wing Lee Development Construction Holdings Limited09639.HK
主协议C自FY2022/23起不再执行
Since the service revenue attributable to the Master Agreement C only amounted to HK$11.2 million for FY2021/22, which was substantially lower than the aggregate service revenue attributable to the Master Agreement A and the Master Agreement B of approximately HK$113.5 million for FY2021/22, our Directors considered that it was not economically justified to devote resources and reserve a designated pool of direct labour and machinery for provision of services under the Master Agreement C.
Business · 第 182 页
Starting from FY2022/23, the main contractor of the Master Agreement C had not issued to our Group any work orders and our Group had not requested for or accepted any work orders under the Master Agreement C.
Business · 第 182 页
Our Directors confirmed that there has been no dispute or claim lodged by or against our Group in relation to the Master Agreement C.
In 2013, recognizing the market demands, we pivoted to focus on developing our ODM business, where we engaged in designing, developing, and manufacturing customized kitchenware products to international brand-owners and retailers.
Summary · 第 1 页
The decrease in our revenue from ODM business during the Track Record Period was primarily due to a decrease in our number of ODM products sold from approximately 7.5 million in 2021 to approximately 4.4 million in 2022, and further to approximately 3.7 million in 2023, and further to approximately 0.9 million in the three months ended March 31, 2024, mainly attributable to: (i) our strategic redirection of focus away from this business segment as our branded business generally yields a higher gross profit margin; and (ii) a decrease in demand from our ODM customers in Western Europe.
Summary · 第 7 页
As a result of our expansion efforts, our branded business achieved rapid growth during the Track Record Period, with revenue for this segment increasing substantially from RMB283.3 million in 2021 to RMB1,379.9 million in 2023 at a CAGR of 120.7%.
Revenue generated from arrangement for sale of used vehicles decreased by 48.6% from RMB154.1 million in 2021 to RMB79.3 million in 2022 and decreased by 19.8% to RMB63.6 million in 2023.
Summary · 第 11 页
Decreases in our revenue generated from arrangement for sale of used vehicles were primarily due to the decreases in the number of consumer trade-in vehicles transacted under this business segment, which were in line with the decreased scale of this business and our collaborating dealership groups’ evolving demand for our arrangement for sale of used vehicle services in response to the changing circumstances (including the decrease in the sales price of new vehicles, which created more uncertainty to the profitability of their used vehicle business).
Summary · 第 11 页
In 2021, 2022 and 2023, approximately 55,000, 34,000 and 30,000 used vehicles were transacted under this business segment, and most of these vehicles were subsequently transacted through our transaction platform.
During the Track Record Period, our revenue derived from marketing campaign service decreased from RMB26.8 million in 2021 to RMB7.4 million in 2022 and further to RMB7,000 in 2023.
Business · 第 233 页
In 2023, in addition to providing SMS data packages, we began offering short video platform traffic acquisition service to our brand customers.
Business · 第 243 页
In particular, we enhanced capability of utilizing social media platforms for our marketing services and began offering short video platform traffic acquisition service to our brand customers in 2023.
国鸿氢能科技（嘉兴）股份有限公司Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd.09663.HK
2020年起由销售电堆转向销售燃料电池系统
In 2020, instead of primarily selling our hydrogen fuel cell stacks directly, we began incorporating our hydrogen fuel cell stacks into our hydrogen fuel cell systems, and then sold such systems to downstream customers.
Summary · 第 7 页
Our revenue generated from our 9SSL fuel cell stacks and hydrogen fuel cell systems incorporated the 9SSL fuel cell stacks decreased during the Track Record Period both in absolute amounts and as a percentage of total revenue mainly due to (i) the shift of 9SSL fuel cell stack's applications from on-road vehicles and industrial vehicles to stationary power as a result of the launch of our self-developed hydrogen fuel cell stacks; and (ii) our customers' changing preference for the higher-powered SynStack G series fuel cell stacks over the 9SSL fuel cell stacks for on-road vehicles and industrial vehicle applications.
We commenced to provide the provision of advertisement placement services in May 2022 and hence no revenue was generated from this segment in FY2020 and FY2021.
Summary · 第 7 页
For FY2020, the Follow-up Engagements on online media advertising services projects increased significantly as we allocated more resources from traditional offline media advertising services to online media advertising services in view of the increasing popularity of online media and our strategic shift of focus on such business segment during the Track Record Period.
Business · 第 247 页
The above increases were mainly attributable to the increase in revenue from the provision of branding services, online media advertising services, event execution and production services and advertisement placement services (including rebates from Media Partner) as a result of (i) the growing market demand for our branding, advertising and marketing services after the COVID-19 was kept under control; (ii) the removal of anti-epidemic measures by the Chinese government at the end of 2022, which result in the economic activities and scene activities, such as cultural events, exhibitions and conferences resuming to normal and an increase in the demand for our event execution and production services; (iii) our Group's enhanced sales efforts to explore more potential customers; (iv) the general increase in demand from advertisers for online media advertising and our Group's continued strategic shift to focus on this segment; and (v) the growth of online retail sales in the PRC which stimulated more customers to select our online media advertising services and advertisement placement services to place advertisements to boost up their sales.