河北海伟电子新材料科技股份有限公司Hebei Haiwei Electronic New Material Technology Co., Ltd.09609.HK
外购超薄基膜及金属化膜供销售
In 2023, 2024 and the five months ended May 31, 2025, we procured ultra-thin base films from third parties as the capacitor base films for the metallized films we sold.
Financial Information · 第 242 页
We purchased metallized films from a third party, Haowei Electronic. This was primarily due to (i) the strong customer demand for our metallized films and (ii) the need to satisfy certain customers’ specific requirement for metallized films.
Financial Information · 第 242 页
Such gross profit margin was relatively lower compared to that of capacitor base films, primarily because, to meet the customer demand for metallized films, we (i) procured capacitor base films from third parties as the capacitor base films for the metallized films we sold and (ii) purchased metallized films from Haowei Electronic.
In order to facilitate our expansion to Latin America and Central Asia prior to establishing local production plants in these regions, we have engaged OEM suppliers in China to manufacture some of our branded products (“Outsourcing Arrangement”) for sale in these regions.
Business · 第 233 页
In 2022, 2023 and 2024 and the four months ended April 30, 2025, our cost of OEM products sold pursuant to the Outsourcing Arrangement amounted to US$0.2 million, US$1.2 million, US$2.8 million and US$3.1 million, respectively.
Business · 第 233 页
We consider that there are many alternative OEM suppliers of comparable quality and prices in the market and that we do not have any material reliance on the OEM suppliers engaged by us during the Track Record Period.
During the Track Record Period, our revenue from products manufactured through third-party outsourcing arrangements amounted to RMB121.9 million in 2022, RMB268.6 million in 2023, RMB345.0 million in 2024 and RMB70.2 million in the four months ended April 30, 2025.
Business · 第 256 页
Going forward, our factories will handle new orders, while third-party manufacturers will continue fulfilling existing orders until the end of their lifecycle but will not take on new design wins.
We currently partner with OEMs to manufacture our L4 autonomous driving vehicles, instead of manufacturing the vehicles on our own.
Business · 第 339 页
The contract manufacturers generally provide after-sales services and quality warranties and assume product liability for the vehicles (excluding the hardware or software provided by us if any).
Business · 第 339 页
However, such business model may present unpredictable challenges, which could materially and adversely affect our business, prospects, financial condition and results of operations.
During the Track Record Period, revenue generated from the sale of products manufactured at our in-house facilities represented 54.2%, 39.7%, 37.5%, and 34.8% of our total revenue, and revenue generated from the sale of products manufactured at our co-location manufacturing facilities represented 45.8%, 60.3%, 62.5%, and 65.2% of our total revenue, respectively.
Business · 第 225 页
Under our co-location manufacturing model we are responsible for the product design, key materials, core machinery, processes, and overall management, while our co-location partners provide the factory space, workforce, basic machinery, assistance on logistics and procurement, and handle local regulations.
During the Track Record Period, we mainly procured (i) raw materials used for our production which were generally procured from suppliers in the PRC; and (ii) finished products produced by third-party manufacturers according to our requirements and specifications on an OEM basis.
Summary · 第 11 页
For the same periods, our revenue generated from sales of products produced by third-party manufacturers amounted to RMB1,132.4 million, RMB1,129.4 million, RMB1,076.0 million, RMB578.5 million and RMB464.5 million, respectively.
Business · 第 283 页
We primarily purchased finished products from our five largest suppliers in each period during the Track Record Period, which were produced on OEM basis according to our requirements and specifications.
We work with OEM suppliers either on a toll manufacturing basis, where we provide all necessary materials required for production, or on a turnkey manufacturing basis, where we provide the bill of materials and the OEM suppliers are responsible for both sourcing and production specifying detailed information such as material code and quantity.
Business · 第 281 页
We have the rights to inspect the products before the final packaging. Should any product fail to meet our inspection standards, the OEM suppliers will bear the costs associated with retesting.
Business · 第 281 页
We typically pay our OEM suppliers an advance payment equivalent to 30% to 50% of the total purchase amount with the remaining balance to be settled within 30 days via bank transfer or bills following the receipt of invoices.
We also engage overseas contract manufacturers to assemble our KD kits to passenger vehicles for sales in overseas markets.
Business · 第 268 页
During the Track Record Period, the assembly services fees to the overseas contract manufacturers amounted to nil, RMB40 million, RMB779 million and RMB928 million, accounting for nil, 0.03%, 0.33% and 1.55% of our cost of sales for each of the same periods, respectively.
During the Track Record Period, we produced car seats and highchairs in-house while subcontracting certain processes to third-party manufacturers, and outsourced the complete production of other products.
Business · 第 239 页
In 2022, 2023 and 2024 and the six months ended June 30, 2025, the cost of components sourced from third-party manufacturers accounted for 64.6%, 66.4%, 72.2% and 76.3% of our cost of sales, respectively.
Business · 第 253 页
Our agreements with third-party manufacturers include quality assurance provisions, pursuant to which these manufacturers are required to repair, replace or accept the return of any products with quality issues and to prevent such items from entering the market.
Due to the limited production capacity of our Huizhou facility, we engage OEM suppliers for order fulfilment.
Business · 第 162 页
In 2022, 2023 and 2024 and the four months ended April 30, 2025, we procured 44,037, 76,476, 136,690 and 65,964 bicycles from OEM suppliers, respectively, representing approximately 29.5%, 45.1%, 56.8% and 65.5% of the total units of bicycle produced in-house and procured from OEM suppliers, respectively.
Business · 第 162 页
During the Track Record Period, we generated higher gross profit margin for products produced in-house compared to products produced by OEM suppliers, as our OEM suppliers typically charge us a management fee, typically ranging from five to six percent of the raw material costs of each bicycle produced.
To better meet market demand and ensure adequate supplies for our diversified product portfolio, we cooperate with reliable contract manufacturers to produce supplies, the production of which generally necessitates abundant supply of fresh local raw materials and extensive manual handling, such as shrimp paste and stuffed lotus roots.
Business · 第 203 页
During the Track Record Period, we did not rely on any single contract manufacturer and maintained good relationships with our contract manufacturers.
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We are entitled to inspect the production bases or facilities and supervise the production by the contract manufacturers.
To better address market fluctuations and ensure a steady supply of ingredients for our diverse range of beverages, we collaborate with trusted contract manufacturers.
Business · 第 195 页
The snacks sold in stores in our network such as wafers, potato chips and toast are produced by contract manufacturers.
Business · 第 190 页
Moreover, to control our costs and enhance our profitability, we increased the use of contract manufacturers for production of certain ingredients.
During the Track Record Period, we primarily collaborated with 13 third-party manufacturers to produce major structural and other components, making sure they meet the technical standards and specifications set by our design and engineering teams.
Business · 第 219 页
During the Track Record Period, we collaborated with five third-party manufacturers for the production of major structural and other components and the assembly process for our dump trucks.
Business · 第 220 页
Furthermore, we assign our engineers to the sites of our third-party manufacturers to conduct on-site inspections and provide supervision throughout the production and assembly process of outsourced components.
The proportion of our products manufactured in-house was nil, 13.5%, 24.4% and 21.0% in 2021, 2022, 2023 and the six months ended June 30, 2024, respectively.
Business · 第 266 页
In 2021, 2022 and 2023 and the six months ended June 30, 2024, we engaged two, five, four and four contract manufacturers, respectively.
Business · 第 267 页
Our dedicated personnel are stationed at the production sites, generally conducting inspections every four hours and ensuring all production processes and staff are in compliance with our standards.
Prior to the establishment of our first production facility in Rizhao, Shandong Province in 2022, we had engaged manufacturing partners for the production of all of our cobot products. Since 2022, we had gradually transferred from contract manufacturing to self-production.
Business · 第 234 页
In 2021, 2022, 2023 and the six months ended June 30, 2023 and 2024, the outsourced production costs was RMB6.1 million, RMB2.1 million, RMB1.2 million, RMB0.4 million and RMB0.4 million, respectively, accounting for 7.1%, 1.5%, 0.7%, 0.5% and 0.6% of our total cost of sales in the same years/periods, respectively.
草姬集团控股有限公司Herbs Generation Group Holdings Limited02593.HK
自有品牌产品以OEM模式委托第三方生产
We engage Independent Third Party manufacturers to produce semi-finished products under our own brands on an OEM basis whilst we source third-party brand products from brand owners or trading companies from time to time.
Business · 第 152 页
We engage service providers based in Hong Kong to carry out services such as powder mixing, encapsulation, bottling, packaging, labelling and ink jetting services as well as logistic services.
Business · 第 153 页
We enforce a series of quality control measures with our manufacturers, encompassing product inspections, adherence to industry-specific quality standards, continuous monitoring of production processes, and prompt resolution of any quality-related issues that may arise.
We primarily procure raw materials for color cosmetics and skincare products, packaging materials and outsourced finished products including certain makeup tools such as brushes, eyebrow pencils and sponges.
Business · 第 237 页
We maintain stable cooperation with a number of raw material suppliers to ensure the adequate supply of raw materials, such as color cosmetics materials, skincare materials and packaging materials, and with reliable ODM/OEM providers to ensure the timely production of high-quality products that meet our quality control requirements.
Financial Information · 第 327 页
As we engaged ODM/OEM providers for the production of our products throughout the Track Record Period, the production lead time is generally three to four months, resulting in long inventory turnover days.
However, for certain jewellery products which we believe is not commercial for us to produce on our own, we outsource the production to external manufacturers.
Business · 第 285 页
For the years ended December 31, 2021, 2022 and 2023 and the six months ended June 30, 2024, our outsourcing rates for gold products by weight were 3.2%, 2.2%, 10.1%, and 7.2%, respectively.
Business · 第 297 页
During the Track Record Period, the cost of sales incurred for products produced by external manufacturers constituted a de minimis amount of total cost of sales.
To supplement our in-house production capacity when our customers' demand temporarily exceeded our production capacity, we outsourced production of a portion of LFP cathode material products to third-party manufacturers in 2021 and 2022.
Business · 第 246 页
For the years ended December 31, 2021 and 2022, the production of approximately 5,839.7 tons and 13,052.5 tons of LFP cathode materials were subcontracted, respectively, representing approximately 19.1% and 13.7% of our total sales volume of LFP cathode material products for the respective years.
Business · 第 246 页
For the years ended December 31, 2021, 2022 and 2023 and the six months ended June 30, 2024, the amount of diesel exhaust fluid products produced by third-party manufacturers was approximately 86,899 tons, 18,481 tons, 15,169 tons and 6,406 tons, respectively, representing approximately 19.3%, 4.9%, 4.6% and 3.7% of the sales volume of our diesel exhaust fluid products for the respective periods.
华润饮料(控股)有限公司China Resources Beverage (Holdings) Company Limited02460.HK
与31家合作生产伙伴外包生产
As of April 30, 2024, we had 13 self-owned factories in operation and 31 Cooperative Manufacturing Partners in China, producing packaged drinking water and beverage products.
Business · 第 209 页
We collaborate with our Cooperative Manufacturing Partners primarily to expand into new regional markets quickly and cost-effectively with less costs and shorter set-up time.
Business · 第 216 页
We have generally established exclusive cooperation with our Cooperative Manufacturing Partners for our packaged drinking water production, which facilitates the improvement of our production efficiency.