绿源集团控股(开曼)有限公司Luyuan Group Holding (Cayman) Limited02451.HK
代经销商承担的装修款预付款增至1.812亿元
As of December 31, 2020, 2021 and 2022 and April 30, 2023, prepayment of decoration costs recorded under other receivables and prepayments of the Group amounted to RMB0.6 million, RMB87.4 million, RMB155.3 million and RMB181.2 million, respectively, among which prepayment of decoration costs attributable to sub-distributors amounted to RMB0.4 million, RMB46.5 million, RMB96.0 million and RMB113.0 million as of the same dates, respectively.
Business · 第 249 页
Considering the minimum sales requirement (generally 100 to 1,000 vehicles per year for the term of the decoration support agreements), average selling price and gross profit margin of our products, we believe our profit attributable to the minimum sales requirements is able to cover the decoration costs we bear.
Business · 第 250 页
As of July 31, 2023, RMB24.3 million, or 13.4%, of our non-current and current payment of decoration costs as of April 30, 2023 had been subsequently deducted from revenue.
Our trade receivables turnover days for the years ended 31 December 2020, 2021 and 2022 and the four months ended 30 April 2023 were 177 days, 295 days, 300 days and 2,543 days, respectively.
Financial Information · 第 300 页
However, having considered that (i) given our relatively limited scale of operation, in order to obtain some sizeable projects, we may have less bargaining power and thus have to compromise by offering more favourable terms; and (ii) we intend to establish long-term business relationship with education institutions, government authorities and IT services providers of strategic importance who are not financially distressed based on the communication with the customers by our project managers, we occasionally granted longer payment periods to limited number of customers, such as Customer X, which was allowed to pay by instalments over a period of four years after the user acceptance test has been passed.
Financial Information · 第 346 页
As at the Latest Practicable Date, 97.4%, 87.8%, 37.1% and 27.8% of the trade receivables as at 31 December 2020, 2021 and 2022 and 30 April 2023 were settled, respectively.
In particular, the increase in prepayment made to the suppliers for project execution as at 31 December 2022 was mainly attributable to a prepayment of RMB18.0 million for the purchase of the hardware and software for a potential project to be tendered in 2023.
Financial Information · 第 359 页
It is agreed between the relevant supplier and us, in the event that we fail to secure the potential project, we can elect to refund the relevant prepayment without incurring any extra charges.
Financial Information · 第 359 页
As the abovementioned research and development services have not reached stage of acceptance and the production cooperation is still ongoing as at the Latest Practicable Date, our Directors are of the view that prepayments to suppliers aged over one year are recoverable.
十月稻田集团股份有限公司Shiyue Daotian Group Co., Ltd.09676.HK
贸易应收款增至3.99亿元且周转天数上升
We had trade receivables of RMB90.0 million, RMB308.1 million, RMB399.1 million and RMB192.8 million as of December 31, 2020, 2021, 2022 and March 31, 2023, respectively.
Financial Information · 第 320 页
Our turnover days of our trade receivables increased from 2020 to 2022, primarily due to our increased sales volume, especially sales through grocery retail channels that typically have long payment terms.
Financial Information · 第 322 页
Our impairment losses charged on trade and other receivables increased significantly from RMB1.4 million in 2021 to RMB9.7 million in 2022, mainly as a result of the one-off write-off in relation to trade receivables of a certain customer due to its business deterioration, see "– Financial Risk Disclosure – Credit Risk."
十月稻田集团股份有限公司Shiyue Daotian Group Co., Ltd.09676.HK
2021年末供应商预付款项增至1.193亿元
Our other receivables increased significantly from RMB42.5 million as of December 31, 2020 to RMB225.5 million as of December 31, 2021, primarily due to (i) the significant increase in prepayments to suppliers from RMB17.4 million as of December 31, 2020 to RMB119.3 million as of December 31, 2021, mainly because we had raw material procurement that requires prepayments to certain suppliers by the end of 2021; and (ii) the increase in value-added tax refundable primarily relating to our purchase of raw material.
Financial Information · 第 323 页
Our other receivables decreased by 33.8% from RMB225.5 million as of December 31, 2021 to RMB149.4 million as of December 31, 2022, primarily due to the decrease in our prepayments to suppliers because our raw material procurement that requires prepayments to such suppliers was settled before the end of 2022.
Our accounts receivables primarily comprise (i) accounts receivables from independent third parties in relation to our dairy business which we acquired under buyout investment strategies, mainly representing amounts due from customers for products provided in the ordinary course of business; and (ii) accounts receivables from related parties, mainly representing the amount of fund management fees owed by certain funds under our management as they invested all of their investment gains into other projects from time to time.
Financial Information · 第 437 页
Specifically, most of our accounts receivables aged over one year were the fund management fees due from Tiantu China Consumer Fund I, L.P. as it invested all of its cash into its portfolio companies.
Financial Information · 第 439 页
As of August 31, 2023, RMB17.0 million, or 34.2% of our accounts receivable as of March 31, 2023 had been subsequently settled.
As of December 31, 2020, 2021, 2022 and March 31, 2023, our trade receivables were RMB262.7 million, RMB778.3 million, RMB1,493.2 million and RMB1,494.0 million, representing approximately 28%, 39%, 48% and 232% of our revenue of the years ended December 31, 2020, 2021, 2022 and the three months ended March 31, 2023, respectively.
Financial Information · 第 356 页
Our trade receivables turnover days increased from 134 days in 2022 to 209 days in the three months ended March 31, 2023 primarily because we typically enhance our receivable collection efforts towards year end, thus the trade receivables we recorded in early 2023 were relatively high.
Financial Information · 第 357 页
As of July 31, 2023, RMB753.1 million, accounting for approximately 50.4% of the RMB1,494.0 million outstanding trade receivables as of March 31, 2023, had been subsequently settled.
The decrease in our trade receivables as of December 31, 2022 compared to 2021, was primarily due to an increase in the allowance for impairment of trade receivables as of December 31, 2022, mainly due to the temporary payment delay from government customers of our cloud hospital platform services and smart healthcare products as they prioritized combating COVID-19 in their resource allocation.
Financial Information · 第 423 页
Of the RMB155.6 million in trade receivables after impairment allowance as of March 31, 2023, RMB59.0 million, or 37.9%, had been settled as of July 31, 2023.
Financial Information · 第 424 页
We have established dedicated teams responsible for monitoring and collecting outstanding trade receivables on an ongoing basis, and hold monthly meetings to review the collection process.
Our net trade receivables increased by 57.4% from RMB271.1 million as of December 31, 2021 to RMB426.8 million as of December 31, 2022.
Financial Information · 第 434 页
As of July 31, 2023, RMB244.3 million, or 79.2% of our trade receivables as of April 30, 2023 had been settled subsequently.
Financial Information · 第 434 页
Our trade receivables turnover days decreased from 21 days in 2020 to 16 days in 2021 and further to 15 days in 2022, primarily due to an increase in our collaboration with third-party distribution channels having shorter payment cycles and credit terms.
Trade receivables aged over three months accounted for 3.4%, 1.5%, 39.0% and 57.6% of our gross trade receivables as of December 31, 2020, 2021 and 2022 and April 30, 2023, respectively.
Financial Information · 第 394 页
The trade receivable from Customer X amounted to RMB34.3 million and RMB34.0 million as of December 31, 2022 and April 30, 2023.
Financial Information · 第 394 页
Taking into account the respective amount of trade receivables due from Customer X and trade payables due to Customer X, we made provision for impairment loss of RMB11.1 million and RMB11.2 million as of December 31, 2022 and April 30, 2023, which represented the net exposure amount due from Customer X.
Our prepayments and other receivables increased from RMB426.5 million as of December 31, 2022 to RMB612.3 million as of April 30, 2023, primarily due to (i) an increase in non-current prepayments, which was due to the increase in prepayment paid for the purchase of the two first-hand ultra large container vessels; and (ii) an increase in prepaid listing expenses.
Financial Information · 第 398 页
The aggregate total contract price was US$281 million.
Financial Information · 第 398 页
We estimated and determined individually the recoverable amount of our non-current prepayment for purchase of container vessels of RMB572.4 million as of April 30, 2023. Our Directors considered that no impairment was necessary as of the same date.
众安智慧生活服务有限公司Zhong An Intelligent Living Service Limited02271.HK
贸易应收款上升及第三方周转天数增加
Our trade receivables, before net of allowance for impairment, increased from approximately RMB55.9 million as of December 31, 2020 to RMB62.9 million as of December 31, 2021, and further to RMB98.3 million as of December 31, 2022.
Financial Information · 第 414 页
The increase in the impairment losses was primarily due to (i) the increase in the GFA and number of properties under our management during 2022; and (ii) the deterioration of our property management fee collection rate, partly related to the COVID development at the end of 2022 in the PRC.
Financial Information · 第 409 页
During the same period, the average turnover days of our trade receivables due from independent third parties increased from 98 days in 2020 to 101 days in 2021 and further increased to 127 days in 2022.
众安智慧生活服务有限公司Zhong An Intelligent Living Service Limited02271.HK
代垫公用事业费预付款大幅上升
Our prepayments on behalf of customers to utility suppliers increased by approximately 71.4% from approximately RMB4.6 million as of December 31, 2020 to RMB7.9 million as of December 31, 2021, due to the increase in prepayments to suppliers for utilities resulting from the increase in number of properties under our management.
Financial Information · 第 420 页
For residential projects, as the owner’s utility bill was mostly paid by the Group in advance, and subsequently settled by the owner. The temporary difference between the settlement by the owner and the payment made by us resulted to an increase of prepayment on behalf of customers to utility suppliers.
Our Group’s trade receivables amounted to approximately HK$63.4 million, HK$78.8 million and HK$71.5 million as at 31 December 2020, 2021 and 2022 respectively, which mainly represented the unsettled amount under invoices for digital advertising services.
Financial Information · 第 258 页
Our trade receivables turnover days of were around 124.3 days, 113.3 and 122.4 days for the years ended 31 December 2020, 2021 and 2022 respectively.
Financial Information · 第 259 页
Nevertheless, our Directors are of the view that there are no material collectability issues with the outstanding trade receivables, in particular for those aged over 90 days, as at each period end during the Track Record Period and as at the Latest Practicable Date, considering (i) the trade receivables balances were generally due from clients with ongoing and/or potential future business relationship with our Group including 4A’s advertising agencies which are top customers of the Group during the Track Record Period with over 10 years business relationship with our Group and which generally take relatively longer time to settle the trade receivables; (ii) there were no material disagreement or disputes with our clients on trade receivables; and (iii) these clients had been making continuous payments of the outstanding invoices to our Group during the Track Record Period.
Our accounts receivables increased from RMB79.9 million as at December 31, 2019 to RMB180.8 million as at December 31, 2020 and RMB310.4 million as at December 31, 2021.
Financial Information · 第 311 页
As at April 30, 2023, RMB166.7 million, or 64.5%, of our accounts receivables as at December 31, 2022 had been subsequently settled.
Financial Information · 第 311 页
Among the approximately RMB42.4 million account receivables aged over one year that had not been settled as of December 31, 2022, approximately RMB12.6 million were recovered as at April 30, 2023.
巨星传奇集团有限公司Star Plus Legend Holdings Limited06683.HK
贸易应收账款上升及授信期长达两年
Our total trade receivables after provision for impairment (including both current and non-current portion) was RMB252,000, RMB40.2 million, RMB26.1 million and RMB38.1 million as of December 31, 2019, 2020, 2021 and 2022, respectively.
Financial Information · 第 443 页
The typical credit period granted to our debtors is generally ranging from five days to two years.
Financial Information · 第 444 页
Our trade receivables increased from RMB26.1 million as of December 31, 2021 to RMB38.1 million as of December 31, 2022, which was mainly attributable to our IP programs broadcasted in the fourth quarter of 2022, including (i) amounts receivable from Customer H Group of RMB14.2 million in relation to two World-Cup related music and variety programs; and (ii) amounts receivable from Customer C Group of RMB9.0 million in relation to an online music show centered around Mr. Jay Chou and a promotional video for J-Style Trip season two and the new music album of Mr. Jay Chou.
巨星传奇集团有限公司Star Plus Legend Holdings Limited06683.HK
对营销代理的大额长期广告预付款项
As of December 31, 2019, 2020, 2021 and 2022, the balance of our prepayments to suppliers and service providers amounted to RMB15.0 million, RMB29.0 million, RMB47.4 million and RMB40.2 million, respectively.
Financial Information · 第 452 页
Pursuant to the agreement entered into with the Marketing Agency, the parties agreed that, among other things, (a) we are entitled to place the relevant advertisements based on a fixed fees, which shall not be affected by future price adjustments; and (b) we shall be entitled to a refund of our prepayment if we were unable to utilize the prepayments during the term of the agreement.
Financial Information · 第 452 页
It is expected that such prepayment will be fully utilized on or before December 31, 2023.
Our trade receivables increased by approximately RMB146.6 million, or 34.9%, from approximately RMB419.6 million as at 31 December 2021 to approximately RMB566.1 million as at 31 December 2022.
Financial Information · 第 527 页
However, taking into account the necessity of heat for such customers, we did not suspend our heat services to them and instead entered into negotiations with them in good faith to make settlement for our heat services at a later time.
Financial Information · 第 528 页
As at 30 April 2023, approximately RMB147.5 million, or 28.1% of our trade receivables as at 31 December 2022 were subsequently settled.
Our trade and bills receivables increased by 28.8% from RMB942.0 million as of December 31, 2020 to RMB1,213.5 million as of December 31, 2021, and further by 53.0% to RMB1,856.8 million as of December 31, 2022, primarily due to an increase in trade receivables as a result of increases in our testing volume, in particular, COVID-19 tests.
Financial Information · 第 291 页
Our trade receivables turnover days increased from 115 days in 2020 to 123 days in 2021, and to 125 days in 2022.
Financial Information · 第 292 页
In 2022, we participated in an increasing number of COVID-19 mass testing organized by local governments, which may have longer payment periods.
Our trade and other receivables increased by 34.2% from RMB375.1 million as of 31 December 2021 to RMB503.5 million as of 31 December 2022, primarily due to (i) an increase in receivables in custodian as 31 December 2022 was not a working day and we were unable to withdraw the prepayments made by online customers of our Self-operation Business from the settlement system, and (ii) an increase in trade receivables primarily as a result of the increase in commissions charged to third-party sellers on our Online Marketplace.
Financial Information · 第 263 页
Our trade receivable turnover days decreased from 7.0 days in 2020 to 3.9 days in 2021, primarily because we enhanced the collection of trade receivables. Our trade receivable turnover days further decreased to 3.1 days in 2022 as we further tightened our policy for granting credit terms to buyers from offline channels.
Financial Information · 第 263 页
As of 30 April 2023, RMB129.2 million, or 92.8%, of our trade receivables as of 31 December 2022 had been settled.