Both our API marketplace and data management solution business lines are subject to seasonal fluctuations and generally experience higher profitability in the fourth quarter of the year.
Business · 第 226 页
In 2021 and 2022, our fourth quarter recorded more than half of the revenue in the respective year.
Business · 第 226 页
In 2022 and 2023, our gross profit margin in the fourth quarter was higher than our annual gross profit margin in the same year, primarily because we received discounts from our data service suppliers in the fourth quarter.
Our results of operations are subject to seasonal fluctuations, reflecting a combination of seasonal fluctuations in internet usage and traditional retail seasonality patterns.
Business · 第 299 页
Seasonal fluctuations have not thus far posed material operational and financial challenges to us, as such periods tend to be brief and predictable, allowing us to re-allocate resources and improve efficiency ahead of time.
Due to a surge in consumer spending around holiday or sale seasons, such as the Singles’ Day, Black Friday, Christmas and New Year’s Eve, we normally have a larger volume of orders and generate more revenue in the fourth quarter of each year.
Business · 第 220 页
On the other hand, there is no material seasonality for our “first-mile” international freight services as our customers normally utilize our solutions to store its pre-sale stocks in our overseas warehouses.
Our total revenue is subject to seasonal fluctuations and our sales generally peaked in the fourth quarter, which is mainly attributable to most of our revenue being contributed by our customers of enterprise-level smart service robotic products and services (i.e. over 85% of our total revenue for FY2020, FY2021 and FY2022) that generally have a financial year ending on December 31 of the calendar year.
Summary · 第 7 页
On the other hand, our revenue is generally lower in the first quarter due to fewer working days in the first quarter every year as a result of the longer statutory holidays in China for the Spring Festival.
泛远国际控股集团有限公司FAR International Holdings Group Company Limited02516.HK
第四季度为电商物流旺季
Our Directors believe that the cross-border e-commerce logistics industry is affected by seasonality. We usually experience a slight increase in freight volume in the fourth quarters of each year as such period are peak seasons for e-commerce platforms to carry out annual offline and online marketing activities such as “double eleven” (雙十一), “black Friday” and Christmas marketing sales.
国鸿氢能科技（嘉兴）股份有限公司Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd.09663.HK
收入集中于下半年尤其第四季度
The majority of our production activities generally take place during the second half of each year also because we are subject to the seasonality of the hydrogen fuel cell vehicle industry, which is the downstream industry our primary group of customers was in during the Track Record Period.
Business · 第 304 页
In line with the seasonality of our products' demands, most of our revenue was recognized in the second half of the year, especially in the fourth quarter.
Business · 第 307 页
To cope with the seasonality and the high production demand in the third and fourth quarter, we generally have control procedures to strengthen the management of production orders.
For the years ended 31 December 2020, 2021 and 2022, 57.0%, 58.0% and 56.3% of our total revenue was recognised during the fourth quarter of the year, respectively.
Business · 第 197 页
Our Directors are also of the view that the substantially larger trade receivables turnover days for the four months ended 30 April 2023 was largely affected by seasonality effect, as the amount of revenue recognised for the first four months is insignificant as compared with the full year.
During the three financial years ended 31 December 2020, 2021 and 2022, the revenue generated from the fourth quarter amounted to approximately 32.2%, 31.5% and 32.3% of the total advertising revenue of respective financial year.
Business · 第 154 页
We expect our revenue to continue to fluctuate based on the seasonal factor that affects the advertising industry as a whole.
During the Track Record Period, we experienced relatively higher revenue in the fourth quarter of a calendar year than the other quarters of a calendar year, mainly because there is a higher concentration of festive seasons and other marketing campaigns and other activities in the fourth quarter of a calendar year, which tend to attract more customers to organise sales and marketing activities for stimulating sales and raising brand awareness.
As compared to the rest of a year, we typically record higher revenue from our solutions offerings in the fourth quarter of a year primarily because physician users are more likely to complete IIT projects and pharmaceutical and medical device companies are more likely to engage us for precision omni-channel marketing solutions in the fourth quarter.
Financial Information · 第 365 页
Our financial performance for any period of less than a year may not reflect our annual financial results and a comparison of different periods may not be meaningful.
During the Track Record Period, the fourth quarter of the year was the peak season for our cross-border digital marketing services serving marketers from the e-commerce industry which customarily allocate a significant portion of their marketing budgets around the holiday seasons (such as Christmas and New Year) and on special promotional occasions (such as Black Fridays) when increased consumer spending is expected.
Business · 第 250 页
our Directors believe that we did not experience material fluctuations in our operations due to seasonality during the Track Record Period.