For each year during the Track Record Period, purchases from our five largest suppliers accounted for 48.3%, 33.5% and 30.5% of our total purchases for the same years, respectively.
Summary · 第 10 页
As of the Latest Practicable Date, none of our Directors, their close associates or any of our Shareholders which to the best knowledge of our Directors owned more than 5% of the issued share capital of our Company, had any interest in our five largest suppliers in each year during the Track Record Period.
In 2022 and 2023, the aggregate purchase attributable to our five largest suppliers in each year accounted for 54.1% and 49.9% of our total purchases, respectively.
Business · 第 394 页
We believe that adequate alternative sources for such supplies exist and we will establish necessary relationships with alternative sources based on supply continuity risk assessment.
Business · 第 394 页
Our Directors confirm that during the Track Record Period and as at the Latest Practicable Date: (i) we did not experience any material difficulties in obtaining clinical services in a timely manner; (ii) we did not have any material disputes with our major suppliers; (iii) as confirmed by F&S, there are many qualified service providers which are experienced in the area we focused on; and (iv) as our clinical trials needs expanded with the development of our product candidates as more of them entered into clinical trials and for indications expansion, we plan to collaborate with more service providers to support us.
Charges from our largest supplier in each year of the Track Record Period accounted for 59.5%, 87.3% and 83.2%, respectively, of our cost of sales during those years.
Business · 第 288 页
Charges from our five largest suppliers in each year of the Track Record Period accounted for 90.3%, 92.4% and 91.7%, respectively, of our cost of sales during those years.
Business · 第 288 页
If our business relationship with Supplier A were to be terminated, we believe that we would be able to procure the media resources of Supplier A by entering into arrangements with first-tier agents for purchasing traffic and earning rebates, and it is unlikely that Supplier A would refuse to provide service to us even indirectly through the said first-tier agent.
For each of the years ended December 31, 2021, 2022 and 2023, our purchases from our five largest suppliers accounted for 32.7%, 24.3%, and 20.3% of our total costs of sales, respectively, while our purchase from our largest supplier accounted for 11.4%, 9.7% and 5.7%, respectively, of our costs of sales for the same years.
Business · 第 312 页
As of the Latest Practicable Date, our suppliers for key hardware components and raw materials had worked with us for not less than five years.
Business · 第 328 页
To the best of our knowledge, none of the Directors or Shareholders or any of their respective associates had any interests in any of our five largest suppliers during the Track Record Period and up to the Latest Practicable Date.
For FY2020, FY2021, FY2022 and 9M2023, purchases from our largest supplier in each year/period accounted for approximately 70.3%, 62.9%, 50.8% and 40.6%, respectively, of our total purchases.
Business · 第 220 页
Despite such concentration of suppliers during the Track Record Period, our Directors consider that we are not overly reliant on any single supplier including Supplier G and Supplier L and thus there is no material risk arising from such concentration
Business · 第 221 页
(ii) our Directors consider that the supplies of the raw materials used in our production are ample in the market with numerous suppliers, and that our Group can seek alternative suppliers as and when appropriate in the market without material limitations.
For the same periods, purchases from our largest supplier amounted to RMB28.8 million, RMB38.0 million, RMB44.9 million and RMB59.1 million, which accounted for 17.1%, 22.7%, 19.5% and 21.7% of our total purchases, respectively.
Summary · 第 13 页
For the years ended December 31, 2020, 2021, 2022 and for the nine months ended September 30, 2023, the aggregate purchases from our top five suppliers in each year of the Track Record Period amounted to RMB105.6 million, RMB114.9 million, RMB122.1 million and RMB154.2 million, which accounted for 62.8%, 68.6%, 53.0% and 56.6% of our total purchases, respectively.
Business · 第 309 页
During the Track Record Period, we have not experienced any significant fluctuation in prices set by our suppliers or material breach of contract on the part of our suppliers.
For FY2021, FY2022, FY2023 and 8MFY2024, purchases from our largest supplier amounted to approximately RMB451.4 million, RMB706.8 million, RMB976.9 million and RMB1,025.0 million, respectively, which accounted for approximately 22.4%, 19.1%, 29.2% and 46.6% of our total purchases, respectively.
Business · 第 244 页
Our purchase from Supplier C was relatively high as a percentage to our total purchases for FY2023 and 8MFY2024, which accounted for approximately 29.2% and 46.6% of our total purchases for the relevant year/period.
Business · 第 260 页
Our Directors believe that these alternative sourcing and new business relationships with domestic producer and other overseas suppliers will diversify our source of supplies, and reduce the risk of concentration on a number of existing suppliers.
Our 5 largest suppliers in each year/period during the Track Record Period aggregately accounted for approximately 92.5%, 93.9%, 70.5% and 88.8% of our cost of services, respectively, and our cost of services from our largest supplier in each year/period during the Track Record Period accounted for approximately 33.8%, 32.7%, 19.4% and 51.5% of our cost of services, respectively.
Summary · 第 7 页
Our Directors consider that such suppliers concentration is not uncommon in the mobile advertising industry in the PRC and our business model is sustainable after having considered the following factors:
Business · 第 214 页
Our Directors consider that we can continue to explore new cooperation opportunities with new media platforms to expand our network for ad distribution and reduce our reliance on Alibaba Group and Supplier C.
天津建设发展集团股份公司Tianjin Construction Development Group Co., Ltd.02515.HK
前五大供应商采购占比约22.0%至25.5%
For the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, the total cost of sales involving our top five suppliers was RMB16.2 million, RMB48.3 million, RMB47.3 million and RMB20.2 million, representing 24.5%, 23.8%, 22.0% and 25.5% of our total cost of sales for the same periods, respectively.
Business · 第 193 页
We maintain a multi-supplier policy and seek price quotations from at least three suppliers for the purchase of major raw materials and equipment to avoid undue reliance on any single supplier.
During the Track Record Period, purchases from our five largest suppliers in that year/period amounted to RMB255.3 million in 2020, RMB286.6 million in 2021, RMB302.3 million in 2022 and RMB157.2 million in the six months ended June 30, 2023, which accounted for 97.6%, 97.0%, 93.6% and 89.4% of our total cost of sales, respectively.
Business · 第 200 页
Nevertheless, we by no means relied on, and it is unlikely that we would be materially and adversely affected by the change of, our largest suppliers or primary subcontractors, considering that (i) we select suitable subcontractors pursuant to our internal procurement standards and procedures; typically there are multiple subcontractors that we could choose from, and we engaged different primary subcontractors during the Track Record Period; and
Business · 第 204 页
As a result, our transaction amount with Supplier B decreased from RMB211.4 million in 2021 to RMB112.5 million in 2022, which accounted for only 34.8% of our total cost of sales, whereas our transaction amount with Supplier A increased from RMB119.1 million, which accounted for 36.9% of our total cost of sales in 2022, to RMB154.0 million, which accounted for 87.5% of our total cost of sales in the six months ended June 30, 2023.
In 2020, 2021, 2022 and the six months ended June 30, 2023, purchase from our five largest suppliers in each year/period during the Track Record Period was RMB67.3 million, RMB186.9 million, RMB165.4 million and RMB91.6 million, respectively, accounting for 42.3%, 43.4%, 37.8% and 40.5% of our total purchases in the same periods, respectively, and purchase from our largest supplier in each year/period during the Track Record Period accounted for 12.2%, 16.3%, 17.7% and 17.5% of our total purchases in the same periods, respectively.
Summary · 第 4 页
We generally do not rely on any single supplier for any of our major pharmaceuticals or medical consumables.
Purchases from our five largest suppliers in each year/period during the Track Record Period in aggregate amounted to approximately RMB17.5 million, RMB11.4 million, RMB23.7 million and RMB9.6 million, representing approximately 70.7%, 54.9%, 79.7% and 88.2% of our total project supplies cost, respectively, while purchases from our largest supplier in each year/period during the Track Record Period amounted to approximately RMB5.4 million, RMB3.0 million, RMB18.2 million and RMB5.2 million, representing approximately 21.8%, 14.6%, 61.4% and 47.5% of our total project supplies cost.
Business · 第 216 页
The increase in the Group's purchase from Supplier A from FY2021 to FY2022 was mainly attributable to a Major Project in FY2022 in relation to the provision of ICT integration services which contributed revenue of approximately RMB15.6 million.
Business · 第 218 页
As there are plenty of suppliers providing similar goods that we require, our Directors consider that the risk of shortage or delay in the supply of necessary goods is low and we are unlikely to encounter any material difficulty in engaging a substitute supplier on similar terms if need be.
For each of the years ended 31 December 2020, 2021 and 2022 and the six months ended 30 June 2023, the total purchase from our five largest suppliers amounted to approximately RMB363.7 million, RMB346.4 million, RMB262.7 million and RMB109.1 million, respectively, accounting for approximately 28.9%, 27.2%, 20.3% and 23.4% of our total purchase, respectively.
Business · 第 173 页
To the best knowledge of our Directors, all of the five largest suppliers of our Group for each of the years/period during the Track Record Period are Independent Third Parties, and none of our Directors, or their respective close associates or any Shareholders, who to the best knowledge of our Directors own more than 5% of the issued Shares immediately after completion of the Share Offer and the Capitalisation Issue, has any interests in any of our five largest suppliers for each of the years/period during the Track Record Period.
Purchases from our five largest suppliers during each year/period for the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023 accounted for 22.2%, 17.2%, 26.0% and 43.1%, respectively, of our total purchases during those periods.
Business · 第 200 页
We believe that our operation is not dependent on any particular supplier or contract manufacturer.
The purchases from our top five suppliers in each year/period during the Track Record Period amounted to RMB144.3 million, RMB195.0 million, RMB188.2 million and RMB105.8 million, respectively, representing 35.2%, 34.7%, 26.3% and 50.7% of our total cost of sales for the respective years/period.
Summary · 第 10 页
We typically obtain quotations from at least two suppliers, in order to ensure supply stability and optimal procurement cost control, whereas we may source those components which we believe substitute suppliers can be easily identified.
Business · 第 292 页
To the best of our knowledge, during the Track Record Period and up to the Latest Practicable Date, save as Shanghai UBJ which was acquired by our Group in 2022, all of our top five suppliers were Independent Third Parties.
In 2020, 2021 and 2022 and for the six months ended June 30, 2022 and 2023, our purchases from Supplier A were RMB78.6 million, RMB122.3 million, RMB214.8 million, RMB100.7 million and RMB160.3 million, respectively, representing 87.9%, 89.4%, 75.7%, 87.9% and 88.5%, respectively, of our total purchases for the same periods.
Summary · 第 13 页
In each year/period during the Track Record Period, our purchases from our five largest suppliers accounted for 98.6%, 99.1%, 97.5% and 99.4% of our total purchases in 2020, 2021 and 2022 and for the six months ended June 30, 2023, respectively, while our purchase from the largest supplier accounted for 87.9%, 89.4%, 75.7% and 88.5% of our total purchases, respectively, for the same periods.
Business · 第 213 页
Supplier A does not impose requirement of minimum purchase amount on us.
In addition, we believe that adequate alternative sources for such supplies exist, and we have developed alternative sourcing strategies for these supplies.
Business · 第 333 页
In 2021 and 2022 and the six months ended June 30, 2023, our purchases from our five largest R&D suppliers in each year/period in aggregate amounted to RMB26.9 million, RMB68.7 million and RMB36.4 million, representing 45.5%, 54.4% and 45.7% of our total corresponding purchases, respectively, and our purchases from the largest R&D supplier in each year accounted for 12.0%, 17.9% and 26.5% of our total corresponding purchases, respectively.
For the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, our purchase from Mobileye was RMB5.7 million, RMB78.4 million, RMB921.7 million and RMB324.2 million, respectively, which accounted for 13.6%, 54.6%, 69.2% and 90.3% of our total purchases during the same periods.
Business · 第 288 页
For the years ended December 31, 2020, 2021 and 2022 and the six months ended June 30, 2023, purchases from our five largest suppliers in each period in aggregate accounted for 53.4%, 78.9%, 96.0% and 95.0% of our total purchases, respectively, and purchases from our largest supplier in the relevant periods accounted for 23.2%, 54.6%, 69.2% and 90.3% of our total purchases, respectively.
Business · 第 281 页
Our Directors believe that our Group’s business model is sustainable although the total purchase from Mobileye accounted for a majority portion of our purchase in 2021, 2022 and the six months ended June 30, 2023:
泛远国际控股集团有限公司FAR International Holdings Group Company Limited02516.HK
最大供应商Supplier Group K采购依赖
For FY2020, FY2021, FY2022 and 6M2023, purchases from our five largest suppliers in each year/period represented approximately 61.4%, 50.6%, 61.2% and 62.3% of our total purchases, and purchases from our largest supplier represented approximately 28.3%, 25.3%, 43.4% and 39.8% of our total purchases, respectively.
Business · 第 264 页
Supplier Group K was our largest supplier in each of FY2020, FY2021. FY2022 and 6M2023. Purchases from Supplier Group K accounted for approximately 28.3%, 25.3%, 43.4% and 39.8% of our total purchases during the Track Record Period.
Business · 第 269 页
In the event of Supplier Group K terminating their business relationships with us for whatever reasons, our Directors believe that we would be able to engage alternative logistics service providers necessary for our business operations from other logistics services providers.
For FY2020, FY2021, FY2022 and 1H2023, our amount of purchases of crude coking coal gas and Coke Granule Coal Gas from the Jinma Group amounted to RMB248.6 million, RMB192.7 million, RMB395.1 million and RMB200.9 million, respectively, which accounted for 27.8%, 15.3%, 21.6% and 21.1% of our total principal purchases, respectively, during the corresponding years/period.
Business · 第 200 页
In each year/period during the Track Record Period, purchases from our five largest suppliers in each year/period accounted for 60.7%, 49.3%, 65.6% and 68.6% of our total principal purchases, respectively, while purchases from our largest supplier, the Jinma Group, accounted for 44.2%, 23.6%, 39.6% and 38.0% of our total principal purchases, respectively.
Business · 第 191 页
Due to Jinma Group’s retirement of two older coking furnaces in December 2020 in response to China’s environmental protection policies, we experienced shortage in the supply of crude coking coal gas in FY2021, which is the principal raw material for coal gas for the production of LNG.