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;
In May 2023, our Group ceased to be a direct distributor of Supplier A due to the change of eligibility criteria of distributors on part of Supplier A to meet its new business needs.
Summary · 第 15 页
our Directors are of the view, and the Sole Sponsor concurs, that the cessation of our business relationship with Supplier A would not have material impact on our business performance and financial position.
Summary · 第 15 页
For the years ended 31 December 2020, 2021 and 2022 and the nine months ended 30 September 2023, Supplier A accounted for approximately 31.3%, 26.5%, 11.9% and 0.1% of our cost of services, respectively.
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
The Listing expenses expected to be incurred by us in FY2023 are expected to record an increase compared to FY2022 and have a material adverse impact on our net profit for FY2023 and therefore our Group may record a decrease in net profit in FY2023 as compared with FY2022 principally attributable to the increase in Listing expenses.
Summary · 第 17 页
Based on our unaudited consolidated management account, our revenue recognised for the nine months ended 30 September 2023 amounted to approximately RMB161.9 million.
We expect to incur a significant increase in net loss for 2023 due to (i) increase in fair value losses on convertible redeemable preferred shares, (ii) the anticipated costs associated with increased research and development activities and (iii) expenses in connection with the Listing incurred in 2023.
Summary · 第 25 页
Our Directors confirm that up to the date of this prospectus, save as disclosed above, there has been no material adverse change in our financial, operational or trading positions or prospects since June 30, 2023, being the end of the period reported on as set out in the Accountants’ Report included in Appendix I to this prospectus.
while there was a decrease in our gold sales volume in the four months period by approximately 26.5%, as compared to the corresponding period in 2022 due to the decrease in gold production as a result of the decrease in gold grade
Summary · 第 17 页
our Group expects a decrease in forecasted profit in the year ending 31 December 2023 notwithstanding the forecasted increase in average gold spot price mainly due to (i) implementation of the mine optimisation plan in 2023 which led to the decrease of the gold grade of our Songjiagou Open-Pit Mine, a decrease in total sales volume and a decrease in gross profit margin; and (ii) the increase in Listing expenses.
Summary · 第 17 页
save for the recent developments as described above and the impact of the listing expenses on the financial performance of our Group for the year ending 31 December 2023, there has been no material adverse change in our financial or trading position, indebtedness, mortgage, contingent liabilities, guarantees or prospects since 30 June 2023, being the end date of the periods reported in the Accountant’s Report set out in Appendix I
泛远国际控股集团有限公司FAR International Holdings Group Company Limited02516.HK
FY2023服务售价预计下降
Our Directors confirmed that save for the estimated non-recurring Listing expenses as disclosed in the section headed “Financial Information — Listing expenses” in this prospectus and the estimated decrease in selling price of our Group’s services in FY2023 as disclosed in the paragraph headed “Recent development — Impact of COVID-19” in this section, since 30 June 2023 and up to the date of this prospectus, there has been no material adverse change in our financial or operating position or prospect or adverse event to the overall economic and market conditions in the industry where we operate which had materially affected our business, results or operations or the information shown in our consolidated financial information included in our Accountants’ Report in Appendix I to this prospectus.
Summary · 第 28 页
Our Directors confirmed that save for the estimated non-recurring listing expenses as disclosed in the paragraph headed “Listing Expenses” in this section and the estimated decrease in selling price of our Group’s services in FY2023 as disclosed in the paragraph headed “Summary — Recent development — Impact of COVID-19” in this prospectus, since 30 June 2023 and up to the date of this prospectus, there has been no material adverse change in our financial or operating position or prospect or adverse event to the overall economic and market conditions in the industry where we operate which had materially affected our business, results or operations or the information shown in our consolidated financial information included in our Accountants’ Report in Appendix I to this prospectus.
Based on our unaudited management accounts, our average monthly net profit for the four months ended 31 October 2023 experienced a decrease, as compared to that of the six months ended 30 June 2023, primarily due to a decrease in the average selling price of our LNG.
Summary · 第 8 页
We expect to record a significant decrease in profit for the year ending 31 December 2023, as compared to that for the year ended 31 December 2022, which is primarily due to the decrease in segment revenue of our energy products as a result of the decrease in the average selling price of LNG.
Summary · 第 9 页
The increase of the average selling price of our hydrogenated benzene-based chemicals and the decrease of the average selling price of our LNG are in line with their respective prevailing market price during the relevant periods.
We expect to incur net loss and increased net operating cash outflow in 2023.
Summary · 第 29 页
Despite that we expect a decline in revenue for 2023, we aim to maintain sustainability and achieve profitability in the future through: (i) continuously growing revenue and expanding sales volume; (ii) improving gross margin; and (iii) enhancing operating leverage.
Summary · 第 21 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 since June 30, 2023 (being the date on which the latest audited consolidated financial information of our Group was prepared) and there is no event since June 30, 2023 which would materially affect the information shown in our consolidated financial statements included in the Accountant’s Report set out in Appendix I to this prospectus.
Based on our unaudited management accounts, we recorded net loss in the third quarter of 2023, which was primarily due to the decrease in selling prices of our battery products as a result of the continuous decrease in prices of key raw materials such as lithium carbonate as mentioned-above, while our costs of raw materials did not decrease to the same extent as in the third quarter of 2023, we mainly used the raw materials in stock procured when the prices of raw materials were still at a relatively high level.
Summary · 第 30 页
We expect to record a substantial increase in net loss in 2023, primarily because (i) China’s EV market is yet to fully recover from the slowdown in early 2023 despite the gradual recovery in the second half of 2023, which adversely affect the sales volume of our EV battery products, (ii) we recorded losses in the first half of 2023, primarily because (a) the temporary slowdown in the EV industry in China in early 2023, directly affected the market demands for EVs, and (b) certain EV manufacturers did not place their orders for EV batteries in early 2023 because they expected the price of EV batteries to further decrease as the price of lithium carbonate decreased, and (iii) the intensified market competition in EV and ESS industries in China in the second half of 2023 is expected to have a negative impact on our gross profit margin.
Due to increase in our Listing expenses, we expect a decrease in the forecast profit for the year ending December 31, 2023.
Summary · 第 15 页
Our profit and total comprehensive income decreased from HK$32.5 million for the five months ended May 31, 2022 to HK$22.9 million for the five months ended May 31, 2023 as a result of the increase in Listing expenses and net expected credit losses due to increase in loan receivables, which has offset the increase in interest income as we gradually grow our loan portfolio.
升辉清洁集团控股有限公司Shenghui Cleanness Group Holdings Limited02521.HK
预期2023年度净利润下降
Our Directors consider that our projected net profit for the year ending 31 December 2023 is expected to record a decrease, compared to the net profit for the year ended 31 December 2022, which is affected by (i) an expected increase in general and administrative expenses and
Summary · 第 15 页
The expected increase in general and administrative expenses is primarily attributable to the expected increase in listing expenses, including underwriting commission in connection with the Share Offer.
Summary · 第 15 页
The expected increase in net impairment losses on financial assets is primarily attributable to our Group measures loss allowance for the trade receivables at an amount equal to lifetime expected credit loss and in view of the slowing economy in the PRC, for prudence’s sake, our Group expected to increase the provision of impairment loss on financial assets in FY2023.
For the years ended 31 December 2020, 2021, 2022 and the six months ended 30 June 2023, the average occupancy rate of our e-hailing vehicles under operating lease (defined as the aggregate number of e-hailing vehicles under operating lease at each month end in the year/period divided by the aggregate number of e-hailing vehicles at each month end in the year/period) was approximately 78.8%, 90.7%, 85.0% and 69.8%, respectively.
Business · 第 196 页
Our e-hailing occupancy rate decreased from 88.0% for the third quarter of 2022 to 78.1% for the same period of 2023, which was mainly attributable to the expansion of our e-hailing automobile fleet and the fact that our newly purchased e-hailing vehicles were not fully leased during the third quarter of 2023 as some of such vehicles had not completed the automobile registration during the period, which typically takes one to two months to complete, primarily depending on the internal process of the local automobile registration offices that manage the application for automobile registration.
In 2022 and the six months ended June 30, 2023, our revenue from social e-commerce platforms in Indonesia represented approximately 4% and 6% of our Group’s revenue, respectively, which remained immaterial to the Group.
Summary · 第 24 页
For example, according to a public statement by TikTok, TikTok has halted its facilitation of e-commerce transactions in Indonesia since early October 2023 and would seek to cooperate with the local government authorities on a path forward.
Summary · 第 24 页
We believe that although MoTR 31/2023 may have an impact on our customer composition in Indonesia in the near term, this new regulation will not have a material adverse effect on our business operations and financial performance in the long term.
For the eight months ending 31 December 2023, our Group expects to incur additional Listing expenses of RMB13.2 million (equivalent to HK$14.9 million) which will be charged to profit or loss.
Summary · 第 18 页
As a result of the expected increase in Listing expenses, our Group expects a decrease in forecast profit for the year ending 31 December 2023.
We recorded a net loss of RMB80.9 million for the three months ended March 31, 2023.
Summary · 第 3 页
We expect a decrease in net profit for the year ending December 31, 2023 as compared to the year ended December 31, 2022, primarily due to: (i) the decrease in fair value of certain listed and private portfolio companies in the first six months of 2023, and (ii) net impairment recognized under expected credit loss model of RMB28.3 million in the first six months of 2023, primarily attributable to loss allowance in relation to our deposits in Silicon Valley Bank, which are partially offset by (iii) the decrease in the interest on bond payables for the year ending December 31, 2023 as we redeemed the bond 17Tiantu01 and 17Tiantu02 upon maturity in 2022.
Summary · 第 41 页
Our Directors confirm that save as disclosed above, there has been no material adverse change in our business, financial condition and results of operations since March 31, 2023, being the latest balance sheet date of our consolidated financial statements as set out in the Historical Financial Information included in Appendix I to this prospectus, and up to the date of this prospectus.
We expect to record substantial amount of net losses for the year ending December 31, 2023, which is primarily due to our continued investments in research and development of our technologies and solutions, marketing initiatives, share-based compensation as well as estimated interest expense from redemption liabilities.
Summary · 第 30 页
Our Directors confirm that, as of 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 of our Group since March 31, 2023, the end of the period reported on in the Accountant’s Report included in Appendix I to this Prospectus.