江苏正力新能电池技术股份有限公司Jiangsu Zenergy Battery Technologies Group Co., Ltd.03677.HK
TWS既是客户亦为电池模组代工供应商
During the Track Record Period, to the best knowledge and belief of our Directors, we had one supplier who is also our major customer.
Business · 第 319 页
TWS Technology (Guangzhou) Ltd (“TWS”) is our supplier for the OEM of battery modules and also one of our major customers.
Business · 第 320 页
In each year of 2021, 2022, 2023 and 2024, revenue from TWS accounted for 2.4%, 7.8%, 1.4% and nil of our total revenue, purchases from TWS accounted for 1.3%, 0.4%, nil and nil of our total purchases.
江苏宏信超市连锁股份有限公司JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED02625.HK
无锡开富、无锡智联既为客户又与供应商关联
During the Track Record Period, we sold soybean oil and rice to Wuxi Kaifu and Wuxi Zhilian Agricultural. The revenue derived from Wuxi Kaifu and Wuxi Zhilian Agricultural amounted to nil, approximately RMB56.2 million, RMB61.2 million and RMB13.3 million, respectively, accounting for nil, approximately 4.2%, 4.4% and 1.3% of our total revenue for FY2021, FY2022, FY2023 and 9M2024, respectively.
Business · 第 275 页
During the Track Record Period, we purchased soybean oil from Jiangsu Huixiangfu. The purchases from Jiangsu Huixiangfu amounted to nil, nil, approximately RMB21.4 million and nil, respectively, accounting for nil, nil, approximately 1.9% and nil of our total purchases for FY2021, FY2022, FY2023 and 9M2024, respectively.
Business · 第 275 页
Out of the total revenue derived from Wuxi Kaifu and Wuxi Zhilian Agricultural for FY2023, there was one single sales transaction of soybean oil amounting to approximately RMB1.4 million and the relevant products were procured from Jiangsu Huixiangfu.
During the Track Record Period, we sold unused ingredients and raw materials (mainly including fresh fruit, canned fruit, and fruit juice) to certain suppliers while we purchased ingredients and raw materials (mainly including topping ingredients, syrups, and milk tea ingredients) from such suppliers as well, which is a customary practice in the industry, according to CIC.
Business · 第 203 页
All of our sales to and purchases from Supplier H were conducted in the ordinary course of business under normal commercial terms and on an arm’s length basis.
上海汇舸环保科技集团股份有限公司CONTIOCEAN ENVIRONMENT TECH GROUP CO., LTD.02613.HK
主要客户与供应商重叠
During the Track Record Period, Customer I was one of our major customers and a supplier, and Shanghai Hangxu and Supplier E were our major suppliers and customers.
Business · 第 266 页
Our Directors confirmed that all of our sales to and purchases from Customer I and Shanghai Hangxu were not inter-conditional, inter-related or otherwise considered as one transaction.
安徽海螺材料科技股份有限公司Anhui Conch Material Technology Co., Ltd.02560.HK
与最大客户三间子公司存在客户供应商重叠
Our Directors confirmed that none of our major customers was our major supplier during the Track Record Period, save for three subsidiaries of Conch Cement, our largest customer for each year and period comprising the Track Record Period.
Business · 第 261 页
The items purchased from the subsidiaries of Conch Cement amounted to RMB82,199 and RMB4,772, respectively in FY2022 and FY2023.
Business · 第 261 页
Our Directors confirmed negotiations of the terms of our sales and purchases to the above entities were conducted on a case-by-case basis and that all of our sales to and purchases from the above entities were incidental transactions, were not inter-conditional, inter-related or otherwise considered as one transaction.
Customer J was, together with one of its subsidiaries, our customer for our ICV simulation testing software and platforms and our ICV testing and related services for FY2022, and our ICV testing and related services for FY2023, in aggregate contributing revenue of approximately RMB10.7 million and RMB11.9 million for FY2022 and FY2023, respectively.
Business · 第 255 页
Our Directors confirm that our transactions with Customer J were on normal commercial terms considering contract terms of other transactions of our Group of similar nature and there were no pre-conditions on the aforesaid purchases by Customer J from us.
脑动极光医疗科技有限公司BrainAurora Medical Technology Limited06681.HK
两家医院客户Customer B及F同为供应商
Due to the nature of our business, two of our hospital customers, Customer B and Customer F, were also our suppliers during the Track Record Period.
Business · 第 344 页
For Customer B, we provided the System integral software solutions in hospitals in 2021, 2022, 2023, and the six months ended June 30, 2024 and provided research projects service in 2023, and generated revenue of RMB0.8 million, RMB2.2 million, RMB11.0 million, and RMB5.7 million, respectively.
Business · 第 344 页
For Customer F, we provided research projects service in 2022, 2023 and the six months ended June 30, 2024, and generated revenue of RMB0.3 million, RMB 6.8 million and RMB5.8 million, respectively.
During the Track Record Period, iFlytek Group was one of our top five customers as well as one of our top five suppliers.
Business · 第 289 页
During the Track Record Period, one of our top five customers in 2021, Customer B, was also one of our suppliers and among our top five suppliers in 2022.
Business · 第 289 页
During the Track Record Period, one of our top five customers in 2021, Customer O, was also one of our suppliers and among our top five suppliers in the six months ended June 30, 2024.
During the Track Record Period, Customer G, a leading battery manufacturer specialized in the R&D, production and sales of EVs power battery systems and energy storage systems, was one of our top five customers in 2023.
Business · 第 263 页
Supplier F, a subsidiary of Customer G, was one of our top five suppliers during the same period, providing testing and assembly services for our GaN modules.
Business · 第 263 页
Negotiations of the terms of our sales to Customer G and purchases from Supplier F were conducted on an individual basis and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Fujian Kangcheng became one of our five largest customers in 2023, primarily because, as the national agent for multiple drugs, it collaborates with pharmaceutical manufacturers in collecting real-word data and generating study reports for post-market drugs in order to help these pharmaceutical manufacturers assess the effectiveness and safety of the drugs, and therefore, it has a large demand for RWS support services.
Business · 第 306 页
The negotiation of the terms of arrangements with Fujian Kangcheng were conducted separately, and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Business · 第 307 页
In 2023, the revenue generated from Fujian Kangcheng represented 7.7% of our total revenue, and the procurement amount attributable to Fujian Kangcheng represented approximately 4.1% of our total purchases in the same year.
In 2021, one of our top five customers was also our supplier for textbooks and curriculum for STEAM education sold together with our Magician Series cobots.
Business · 第 234 页
Negotiations of the terms of our sales to and purchases from this overlapping customer/supplier were conducted on an individual basis and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Business · 第 234 页
In 2023, two of our top five suppliers for reducers or auxiliary equipment were also our customers for cobot products for their production lines.
In each of 2021, 2022 and 2023, (i) our purchases of their services from this supplier-customer amounted to RMB40.2 million, RMB83.9 million and RMB120.7 million, respectively, accounting for 5.3%, 8.7% and 8.5% of our selling and distribution expenses in the same periods, respectively and (ii) our sales to this supplier-customer amounted to RMB63.0 million, RMB36.1 million and RMB25.4 million, respectively, accounting for 4.0%, 2.0% and 0.9% of our total revenue in the same periods, respectively.
Business · 第 258 页
Our sales and purchases with this supplier-customer were not inter-conditional with each other.
Business · 第 258 页
All of our sales to and purchases from this supplier-customer were conducted in the ordinary course of business under normal commercial terms and on an arm’s length basis.
During the Track Record Period, Beijing Nowogen Technology Co., Ltd. ("Beijing Nowogen") was our major supplier and also our major customer.
Business · 第 314 页
In 2021, 2022, 2023 and the five months ended May 31, 2024, our procurement from Beijing Nowogen and its subsidiaries amounted to nil, RMB29.3 million, nil and RMB0.6 million, respectively.
Business · 第 314 页
In 2021, 2022, 2023 and the five months ended May 31, 2024, our revenue generated from Beijing Nowogen amounted to RMB20.2 million, RMB33.8 million, RMB60.8 million and RMB0.5 million, respectively.
In 2021, 2022, 2023 and the six months ended June 30, 2024, to the best knowledge and belief of our Directors, three, two, three and one of our top five customers were also our suppliers in the respective years.
Business · 第 244 页
During the same years/periods, our purchases from such customers accounted for 4.9%, 1.9%, 2.5% and 0.8%, respectively, of our total purchases from continuing operations, and our total sales to such customers accounted for 73.3%, 71.2%, 77.1% and 75.3%, respectively, of our revenue.
Business · 第 244 页
Our Directors confirmed that negotiations of the terms of our purchases from and sales to these suppliers and customers were conducted separately and as a result, the purchases and sales were neither connected with nor conditional upon each other.
Due to our business model on accepting gold trade-in as a settlement method, naturally some of our customers are also our gold trade-in parties.
Business · 第 269 页
The gross profit margin from overlapping franchisee customers and gold trade-in parties during the Track Record Period was 3.3%, 4.1%, 4.6% and 6.2% for the years ended December 31, 2021, 2022 and 2023 and the six months ended June 30, 2024, respectively.
Business · 第 269 页
Our sales to and our gold trade-in from these major overlapping customer and major gold trade-in parties were (i) entered into after the due consideration taking into account the prevailing market gold price at the relevant times, (ii) conducted in the ordinary course of business under normal commercial terms and on an arm’s length basis, and (iii) our gold trade-in policy applies to all our customers to request for gold trade-in settlement to offset part of their purchase price.
During the Track Record Period, some of our customers procuring our products and/or R&D services were also our suppliers who provide us with the raw materials to support the manufacturing of our products.
Summary · 第 11 页
The following table sets forth the details of our major customers being also a supplier, and our major supplier being a customer, during the Track Record Period:
Business · 第 392 页
Our Directors confirmed that there is no overlap in the products sold/purchased or services rendered/received for each of the overlapping customers and suppliers, and all of our sales to and purchases from these overlapping customers and suppliers were entered into after due consideration taking into account the prevailing purchase and selling prices at the relevant times, conducted in the ordinary course of business under normal commercial terms and on arm’s length basis.
江苏国富氢能技术装备股份有限公司Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd.02582.HK
与上海盈沛及张家港富瑞存在客户供应商重叠
To the best knowledge and belief of our Directors, we made sales to one, nil, one and nil of our top five suppliers who were also our customers in each year/period of the Track Record Period.
Business · 第 316 页
As confirmed by our Directors, (i) the negotiations of the terms of our sales to and purchases from these overlapping customers and suppliers were conducted on an individual basis and the sales and purchases were neither inter-connected with nor inter-conditional upon each other; and (ii) the major terms of transactions with these overlapping customers and suppliers were similar to those with our other customers and suppliers and were in line with normal commercial terms.
Business · 第 316 页
We were under no obligation to purchase from or sell our products to any of these overlapping customers and suppliers.
During the Track Record Period, Shenzhen MPEG was also our supplier.
Business · 第 256 页
Negotiations of the terms of our sales to and purchases from Shenzhen MPEG were conducted on an individual basis and the sales and purchases were neither inter-connected nor inter-conditional with each other.
Business · 第 256 页
During the Track Record Period, we purchased general auxiliary services from subsidiaries of Geely Related Group, one of our five largest customers during the Track Record Period.
傲基（深圳）跨境商务股份有限公司AuGroup (SHENZHEN) Cross-Border Business Co., Ltd.02519.HK
存在既为客户又为供应商的重叠主体
During the Track Record Period, the total revenue and total purchase amount related to overlapped customers/suppliers, in aggregation, was less than 5% of our total revenue or total transaction amount with suppliers, respectively.
Business · 第 264 页
The Directors confirm that all of the Group's sales to and purchases from these overlapping customer-suppliers were conducted in the ordinary course of business under normal commercial terms and on arm's length basis.
During the same period, three of our top five customers, China Ocean Shipping Agency Company Limited (“China Ocean Shipping”). Seaway Holdings Pty Ltd and its subsidiaries (“Seaway”) and Customer D, were also our suppliers.
Business · 第 279 页
As confirmed by Drewry, our dealing with such third parties is consistent with the container shipping industry practice in the countries and regions where these third parties are located.
Business · 第 280 页
Our revenue from the overlapping customers and suppliers were minimal during the Track Record Period, accounting for 1.5%, 1.7%, 2.2% and 1.8% respectively, of our total revenue, for 2021, 2022 and 2023 and the four months ended April 30, 2024.