To supplement our consolidated financial statements, which are presented in accordance with IFRSs, we also use adjusted EBITDA (non-IFRS measure) and adjusted net profit/loss (non-IFRS measure), as additional financial measures, which are not required by, or presented in accordance with, IFRSs.
Summary · 第 13 页
Our adjusted net loss (non-IFRS measure) was RMB1.0 billion, RMB894.0 million, RMB1.3 billion, RMB551.9 million and RMB206.6 million in 2019, 2020, 2021 and 2022 and the three months ended 31 March 2022, respectively, and our adjusted net profit (non-IFRS measure) was RMB90.8 million in the three months ended 31 March 2023.
Financial Information · 第 393 页
Adjusted EBITDA (non-IFRS measure) and adjusted net profit/loss (non-IFRS measure) should not be considered in isolation or construed as an alternative to loss for the year/period or any other measure of performance.
We define adjusted net profit (non-IFRS measure) as profit for the corresponding period adjusted by adding back listing fee.
Summary · 第 23 页
We exclude such item primarily because listing fee is related to the Global Offering of our Company.
Summary · 第 23 页
The decrease was primarily due to (i) an increase in administrative expenses in 2022, mainly as a result of the listing expenses incurred, and (ii) the impairment losses on assets held for sale recorded in 2022 relating to our containers to be disposed of.
巨星传奇集团有限公司Star Plus Legend Holdings Limited06683.HK
经调整净利润加回上市开支等非HKFRS项目
We define adjusted net profit (non-HKFRS measure) as net profit for the period adjusted by adding back (i) listing expenses; (ii) share-based compensation expenses; and (iii) interest expense on financial instrument with redemption rights.
Summary · 第 11 页
However, the use of adjusted net profit (non-HKFRS measure) has material limitations as an analytical tool.
Summary · 第 11 页
We recorded adjusted net profit (non-HKFRS measure) of RMB69.9 million and RMB77.2 million in 2021 and 2022, respectively, that was higher than that in 2019, but lower than the same in 2020, primarily due to the fact that our sales of MODONG coffee was profoundly boosted by the airing of J-Style Trip season one in the first half of 2020.
We define adjusted net loss as loss for the year, excluding share-based compensation expenses and fair value changes of convertible redeemable preferred shares. We exclude these items because they do not involve any cash outflow:
Summary · 第 13 页
The use of adjusted net loss has limitations as an analytical tool, and you should not consider it in isolation from, or as a substitute for an analysis of, our results of operations or financial condition as reported under IFRSs.
We exclude share-based compensation expenses, listing expenses and fair value loss/(gain) on convertible redeemable preferred shares at FVTPL when presenting non-IFRS measures.
Financial Information · 第 274 页
Share-based compensation expenses are non-cash in nature and do not result in cash outflow, and the adjustment has been consistently made during the Track Record Period.
We define adjusted net loss as loss for the year adding back (i) changes in fair value of financial liabilities at fair value through profit and loss, (ii) equity-settled share-based payment expenses, and (iii) listing expenses.
Summary · 第 15 页
Changes in fair value of financial liabilities at fair value through profit and loss are related to preferred shares issued to investors. Upon the completion of the Listing, this line item will no longer be recorded in our consolidated financial statements. Equity-settled share-based payment expenses are non-cash employee related expenses arising from grant of share incentive awards. Listing expenses are expenses related to the Listing.
Financial Information · 第 248 页
These non-IFRS financial measures are not defined under IFRS and are not presented in accordance with IFRS. These non-IFRS financial measures have limitations as an analytical tool.
We define adjusted net profit/(loss) (non-IFRS measure) as net profit/(loss) for the year adjusted by adding (i) share-based payment expenses, which are non-cash expenses arising from granting share-based awards to employees; (ii) fair value changes of financial liabilities at FVTPL, representing non-cash expenses arising from granting preferred shares and convertible bonds to investors; and (iii) listing expenses, which are expenses relates to our Global Offering.
Summary · 第 15 页
In addition, after adjusting our net profit/loss for the year by adding back (i) share-based payment expenses, (ii) fair value changes of financial liabilities at FVTPL, and (iii) listing expenses, which are either non-operating or one-off expenses and are not considered to be indicative of our ongoing core operating performance, we achieved a positive adjusted net profit (non-IFRS measure) of RMB93.5 million and RMB135.2 million in 2021 and 2022, respectively.
宏信建设发展有限公司Horizon Construction Development Limited09930.HK
经调整净利润剔除上市开支及赎回负债损益
We define adjusted net profit (a non-HKFRS measure) as profit for the year adjusted for listing expenses, foreign exchange losses/gains from redemption liabilities on ordinary shares, foreign exchange losses/gains from interest payables on redemption liabilities on ordinary shares, and interest on redemption liabilities on ordinary shares.
Financial Information · 第 347 页
Foreign exchange losses/gains from redemption liabilities on ordinary shares, foreign exchange losses/gains from interest payables on redemption liabilities on ordinary shares, and interest on redemption liabilities on ordinary shares arose from the recipients of proceeds of our Pre-IPO Investments in 2021, which are non-cash in nature and do not result in cash outflow.
We defined adjusted net profit (non-HKFRS measure) as profit for the year adjusted by adding back Listing expenses.
Summary · 第 7 页
Our adjusted net profit (non-HKFRS measure) amounted to RMB53.9 million, RMB67.4 million and RMB70.6 million for FY2020, FY2021 and FY2022, respectively.
We define adjusted profit (non-IFRS measure) as profit/(loss) for the year adjusted by adding back listing expenses and fair value losses on convertible redeemable preferred shares.
Summary · 第 21 页
Fair value losses on convertible redeemable preferred shares(1) | — | 190,630 | 109,350
Financial Information · 第 375 页
During the Track Record Period, our adjusted profit (non-IFRS measure) increased from RMB28.9 million in 2020 to RMB45.6 million in 2022.
In 2020, 2021 and 2022, our net profit margin was 21.7%, 20.2% and 17.6%, respectively, while our adjusted net profit margin (non-IFRS measure) for the same periods was 21.7%, 21.0% and 20.4%, respectively.
Summary · 第 3 页
We believe that these non-IFRS measures facilitate comparisons of operating performance from period to period and company to company by eliminating potential impacts of certain items.
Summary · 第 7 页
As a result, this adjusted item will no longer exist after the Listing.
We define adjusted net loss (non-IFRS measure) as loss for the years/periods adjusted by adding back share-based payments, fair value changes of redeemable convertible preferred shares and fair value changes of warrant liability.
Summary · 第 9 页
Our adjusted net loss (non-IFRS measure) amounted to RMB278.2 million, RMB252.0 million, RMB121.2 million, RMB163.6 million and RMB152.1 million for the fiscal years ended March 31, 2019, 2020, 2021 and 2022 and the six months ended September 30, 2022, respectively.
Summary · 第 9 页
The use of this non-IFRS measure has limitations as an analytical tool, and you should not consider it in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS.
We recorded adjusted net losses (non-IFRS measure) of RMB199.8 million, RMB143.3 million and RMB113.8 million in 2020, 2021 and 2022, respectively, and our adjusted EBITDA (non-IFRS measure) improved from losses of RMB17.6 million for 2020 to earnings of RMB62.7 million and RMB138.6 million in 2021 and 2022, respectively.
Summary · 第 3 页
Therefore, a negative adjusted EBITDA (non-IFRS measure) was observed in 2020.
Financial Information · 第 324 页
The use of such non-IFRS measures has limitations as an analytical tool, and you should not consider them in isolation from, or as substitute for analysis of, our results of operations or financial condition as reported under IFRS.
洲际船务集团控股有限公司Seacon Shipping Group Holdings Limited02409.HK
经调整净利润加回股份酬金及上市开支
We define adjusted net profit (non-HKFRS measure) as profit for the year/period adjusted by adding (i) share based compensation and (ii) Listing expenses.
Summary · 第 7 页
Share based compensation incurred during the year ended December 31, 2021 arose from shares granted to certain directors of our Company which vested during the respective financial year. This item is adjusted for as it is non-cash in nature.
In 2019, 2020, 2021 and the nine months ended September 30, 2021 and 2022, we recorded adjusted loss (non-IFRS measure) of RMB1.8 million, adjusted profit (non-IFRS measure) of RMB41.4 million, adjusted profit (non-IFRS measure) of RMB87.3 million, adjusted profit (non-IFRS measure) of RMB76.7 million and adjusted profit (non-IFRS measure) of RMB33.6 million, respectively, representing (0.1)%, 0.9%, 1.4%, 1.6% and 0.7% of our total revenue for the year/period, respectively.
Financial Information · 第 382 页
To supplement our consolidated financial statements which are presented in accordance with the IFRS, we also use adjusted profit or loss (non-IFRS measure) as an additional financial measure, which is not required by, or presented in accordance with the IFRS.
Financial Information · 第 381 页
We believe that adjusted profit or loss (non-IFRS measure) provides useful information to investors and others in understanding and evaluating our consolidated results of operations in the same manner as they help our management.