江苏宏信超市连锁股份有限公司JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED02625.HK
预期FY2024及FY2025纯利按年下降
Based on our unaudited financial information for the year ended 31 December 2024 as set out in Appendix IIB to this prospectus, our Directors expect that there will be a decrease in our net profit for the year ended 31 December 2024 as compared to that for FY2023, which was primarily attributable to (i) the decrease in our revenue from our retail operations mainly driven by the decrease in revenue from sales of food as a result of the change in food consumption behaviour of consumer and our cessation of sales of tobacco products as disclosed above; and
Summary · 第 24 页
(ii) the increase in Listing expenses, and was partially offset by the increase in our revenue from our wholesale operations mainly driven by the increase in revenue from sales of food as a result of the change in food consumption behaviour of consumer as disclosed above.
Summary · 第 24 页
Our Directors expect that there will be a decrease in our net profit for the year ending 31 December 2025 as compared to that for the year ended 31 December 2024, which is primarily attributable to (i) the increase in Listing expenses; (ii) increase in professional service fee for compliance following the Listing; and (iii) the increase in relocation expenses in respect of our relocation plan in respect of Muyuan Central Kitchen
Based on our unaudited financial information for FY2024, we recorded revenue of approximately RMB752.8 million for FY2024, representing an increase of 15.0% as compared to FY2023.
Summary · 第 23 页
However, our financial performance for FY2025 may be affected if, among other things, the Ruble further depreciates or there are other changes to the Russian market causing a decrease in their demand for our babycare products in the near future and our efforts in expanding our sales in the domestic market in China may not be able to compensate such decrease in revenue from the Russian market.
Summary · 第 23 页
As a result, we may not be able to maintain our adjusted level of net profit (excluding listing expense) for FY2025 at the same level for FY2024.
南山铝业国际控股有限公司Nanshan Aluminium International Holdings Limited02610.HK
支柱二规则或致FY2025重大补足税
Our Group is part of Nanshan Group which qualifies as an in-scope MNE under Pillar Two Legislations and therefore, our Group will be subject to the Pillar Two Legislations issued in Singapore and Indonesia starting from FY2025.
Summary · 第 15 页
Thus, the implementation of Pillar Two Legislations may result in material top-up tax liabilities for our operations in Indonesia for FY2025.
Summary · 第 16 页
From compliance perspective, the Pillar Two top-up tax returns for FY2025 are expected to be due no earlier than 30 June 2027.
Despite our business growth, we may experience a significant increase in net loss for the year ending December 31, 2024, primarily due to fair value changes on convertible redeemable preferred shares, which in turn was the result of higher valuation of our Company, and a significant increase in share-based compensations.
Summary · 第 26 页
Our Directors confirmed that, as of the date of this prospectus, there has been no material adverse change in our financial position since June 30, 2024, and there has been no event since June 30, 2024 that would materially affect the information as set out in the Accountants' Report in Appendix I to this prospectus.
In addition, we estimate that our revenue from sales of Regent RVs will decrease significantly in 2024, primarily because we plan to gradually phase down the Discoverer series under Regent, and that our revenue from sales of NEWGEN RVs will decrease in 2024, primarily due to a planned
Summary · 第 28 页
Furthermore, we estimate that our revenue from sales of Snowy River RVs will increase in 2024, fueled by strong market demand, particularly due to the increasing popularity of our SRC and SRT series, as well as significant revenue contributions from the newly launched models under the SRP series.
Summary · 第 28 页
We expect that our profit for the year will decrease in 2024, primarily due to the listing expenses relating to this Global Offering of the Company.
We expect to record an increase in net losses for the year ending December 31, 2024, primarily due to a significant rise in share-based payments resulting from the grant of options under our employee incentive scheme in 2024, which will mainly be recognized as administrative, research and development, and selling and marketing expenses.
Summary · 第 30 页
Our Directors confirm that up to the date of this prospectus, there had been no material adverse change in our financial, operational or prospects since May 31, 2024, being the date of our latest reviewed financial statements, and there is no event since May 31, 2024 that would materially affect the information as set out in the Accountants' Report set out in Appendix I to this prospectus.
We expect our net loss to experience a significant increase for the year ending December 31, 2024 primarily due to fair value changes of convertible redeemable preferred shares and fair value change in financial assets measured at FVPL as a result of the decreased valuation of Guoquan, in which we made an equity investment.
Summary · 第 17 页
To the best of our knowledge, since June 30, 2024 (being the date on which the latest consolidated financial information of our Group was prepared) and up to the date of this prospectus, there has been no material adverse change in our business operations, the business environment in which we operate, as well as our financial or trading position, indebtedness, mortgage, contingent liabilities, or guarantees.
After the Track Record Period, gold prices continued to show volatility, rising from RMB549.2/g as of July 1, 2024, to RMB563.3/g as of July 31, 2024, then increasing to RMB573.4/g as of August 30, 2024, and further to RMB603.1/g as of the Latest Practicable Date, according to the closing gold price of Au9999 quoted on the Shanghai Gold Exchange.
Summary · 第 32 页
Such increase in gold price resulted in our loss from Au (T+D) contracts and gold loans, and our net profits and net profit margins for the year ending December 31, 2024 may also be negatively affected if the gold prices continue to trend upwards in the remaining period of 2024.
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On the other hand, the continuous rise in gold prices after June 2024 has positively impacted our gross profit and gross profit margin.
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
预计2024年净亏损显著扩大
We expect to experience a significant increase in net loss in 2024 and such loss-making position may continue to increase in the future, given the preliminary stage of China's hydrogen energy industry.
Summary · 第 23 页
(iv) our equity-settled share-based payment expenses are expected to continue to increase in 2024; and (v) the scale of operating assets (trade receivables and inventories) needed in our business operations are expected to increase along with our revenue growth in 2024, which will require additional working capital.
Summary · 第 23 页
However, we intend to adopt certain measures to maintain sustainability and continue to grow our business to achieve profitability.
While we expect to maintain the momentum of revenue growth in 2024, we expect to continue recording a net loss for the year ended December 31, 2024, primarily because we expect to incur (i) R&D expenses as we continue to advance our clinical plans for product candidates; (ii) selling and distribution expenses as we continue enhancing our efforts in marketing, promotion and sales of our Core Product; and (iii) listing expenses in relation to the Listing.
We expect a significant increase in loss for the year ending December 31, 2024
Summary · 第 32 页
As CARIZON was established on November 20, 2023 and is still in ramp-up stage with no revenue, we expect to continuously pick up share of losses of investments in CARIZON for the year ending December 31, 2024.
荣利营造控股有限公司Wing Lee Development Construction Holdings Limited09639.HK
上市开支及上市后费用增加构成重大不利变动
We did not experience any significant decrease in revenue or any unexpected increase in the direct costs and other costs subsequent to the Track Record Period and up to the Latest Practicable Date.
Summary · 第 15 页
However, (i) the impact of the Listing expenses on our combined statement of profit or loss; and (ii) our Group’s legal and professional fees and staff costs are expected to increase after the Listing which has posed or will pose a material adverse change in the financial or trading position or prospects of our Group since 31 March 2024.
Summary · 第 15 页
Save as disclosed above, our Directors confirm that, up to the date of this prospectus, there has been no material change in our financial or trading positions or prospects of our Group since 31 March 2024 (being the date of which our Group’s latest audited combined financial statements were made up) and there had been no event since 31 March 2024 which would materially affect the information shown in the Accountant’s Report in Appendix I to this prospectus.
Despite our expanding business scale, we expect to record an increased amount of loss in 2024, primarily because we expect to grant all the remaining RSUs under our existing share-based incentive plan in 2024, which will result in a significant increase in administrative expenses arising from increased share-based compensation.
Notwithstanding the continuous growth in our business, we expect to continue to incur loss in 2024, which is mainly due to (i) an expected increase in cost of revenue in relation to drivers’ service fee, service costs of third-party mobility service platform and cost of auto service center, and (ii) an expected increase in research and development expenses, in light of our R&D activities of autonomous driving and Robotaxi operation service in the future.
Summary · 第 24 页
Our Directors have confirmed that, up to the date of this prospectus, there has been no material adverse change in our financial or trading position or prospects since December 31, 2023, being the end date of our latest audited financial statements, and there has been no event since December 31, 2023 that would materially affect the information shown in the Accountants’ Report included in Appendix I to this prospectus.
中赣通信(集团)控股有限公司Zhonggan Communication (Group) Holdings Limited02545.HK
预期2024年度净利润低于2023年
As at the Latest Practicable Date, the Group had a total of 130 On-going Projects and Pre-revenue Projects, comprising 122 Telecommunications Infrastructure Services projects and eight Digitalisation Solution Services projects, with a total outstanding project backlog of approximately RMB819.4 million and RMB15.1 million, respectively.
Summary · 第 14 页
Having given due consideration to all these relevant factors, the Directors have concluded that the Group’s net profit for the year ending 31 December 2024 is expected to be lower than the net profit for the year ended 31 December 2023.
Nonetheless, our Directors expect that we will record a decrease in net profit for the year ending 31 December 2024 as compared to that of the year ended 31 December 2023, primarily because of one-off factors which consist of (i) the expected increase in other expenses due to the surcharge of the tax installment payment after the Withdrawal, amounted to approximately HK$2.1 million for the year ending 31 December 2024; and (ii) the listing expenses expected to be incurred after Listing of approximately HK$8.0 million for the year ending 31 December 2024.
We expect an increase in forecast loss in the year ending December 31, 2024, primarily because we expect to incur increasing research and development expenses as we continue to conduct and expand our clinical development programs and advance the research and development of pipeline product candidates that are at preclinical stages.
Summary · 第 31 页
Our Directors confirm that, there has been no material adverse change in our business, financial condition and results of operations since December 31, 2023, being the latest balance sheet date of our consolidated financial statements as set out in the Accountants’ Report included in Appendix I to this prospectus, and up to the date of this prospectus.
As we are still in the process of expanding our SaaS business, we expect to record a significantly increased net loss in 2024, mainly due to the fair value changes of convertible redeemable preferred shares and share-based payment.
Summary · 第 32 页
Our Directors confirm that, up to the date of this prospectus, there has been no material adverse change in our financial or trading position, indebtedness, mortgage, contingent liabilities, guarantees or prospects since December 31, 2023, being the end date of the periods reported in the Accountants’ Report set out in Appendix I to this prospectus
We expect to record a net loss in 2024, primarily due to a change in the carrying amount of contingently redeemable preferred shares and ordinary shares for the same year.
Summary · 第 23 页
We do not expect to record such changes in the future as our contingently redeemable preferred shares and ordinary shares will be automatically converted into equity upon completion of the Listing;
It is expected that our Group’s net profit will decrease for FY2023 primarily attributable to the incurrence of listing expenses which is non-recurring in nature in FY2023.
Summary · 第 17 页
the non-deductible listing expenses of approximately HK$12.2 million incurred during the nine months ended 30 September 2023 while nil incurred for the nine months ended 30 September 2022