FLJ (FLJ) - 2022 Q4 - Annual Report
FLJ FLJ (US:FLJ)2023-01-22 16:00

Interest Rate Impact - A 10% increase or decrease in interest rates would add or deduct RMB6.7 million (US$0.9 million) to interest expense in FY 2022[935]. Currency Exchange Rate Effects - The depreciation/appreciation of the U.S. dollar against the Renminbi was approximately (5.0)%, (5.1)%, and 10.4% in FY 2020, FY 2021, and FY 2022, respectively[938]. - A 10% depreciation of U.S. dollars against Renminbi may increase loss and shareholders' deficits by RMB145.1 thousand (US$20.3 thousand) for FY 2022[939]. Initial Public Offering (IPO) Details - The company received net proceeds of US$44.5 million from its initial public offering, which included the exercise of over allotment options[951]. - Total expenses incurred for the company's initial public offering was approximately US$6.4 million, including US$3.9 million in underwriting discounts and commissions[952]. - RMB229.2 million of the net proceeds from the initial public offering was used to expand the apartment network, including a deposit of approximately RMB200.0 million for lease contracts[953]. - The company has used all proceeds from its initial public offering as of the date of the annual report[954].