13 金融工具的公允價值計量 況表中呈列的金額為基礎。以下所有公允價值計量均為經常性計量。 所有金融工具均按與其於二零二四年九月三十日及於二零二四年三月三十一日的公允價值沒有重大差異的 數額報值。 以公允價值列報之金融工具 vtech 2024/2025 INTERIM REPORT 中期報告書 HKSE:303 主席報告 偉易達於二零二五財政年度上半年的收入和 溢利下跌。承包生產服務的銷售額下跌，抵銷了 電子學習產品和電訊產品的增長。儘管集團毛利 改善，但由於收入減少，加上經營費用因整合 GST Communications GmbH（前身為 Gigaset Communications GmbH）的資產而上升，導致本公司 股東應佔溢利下跌。 直接勞工成本和生產支出佔集團收入的百分比與 去年同期相比上升，主要是由於生產量上升，工廠 工人數目隨之增加，以及收購後併入Gigaset位於 德國的工廠工人數目。這些抵銷了人民幣兌美元 貶值及生產力改善的正面影響。同時，運費增加的 主要原因是貨櫃運費較去年同期上升。 | --- | --- | |------------------------------------ ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 偉易達集團 - 1 - 2024/2025中期業績 VTech Holdings Limited 偉易達集團* （於百慕達註冊成立之有限公司） （股票代號：303） 中期業績 截至二零二四年九月三十日止六個月 未經審核中期業績 偉易達集團（「偉易達」或「本公司」）的董事（「董事」）謹此公布本公司及其附屬公司（「本集 團」）截至二零二四年九月三十日止六個月的未經審核業績，連同上年度同期之比較數字如下： | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|-------------------------------------------------------------------|----------------------------------------| ...

Financial Performance - Revenue for the fiscal year ending March 31, 2024, was $2,145.7 million, a decrease of 4.3% compared to $2,241.7 million in 2023[4] - Gross profit increased slightly to $634.9 million in 2024, up 0.2% from $633.7 million in 2023[4] - Operating profit rose to $196.2 million in 2024, an 8.7% increase from $180.5 million in 2023[4] - Net profit attributable to shareholders grew by 11.7% to $166.6 million in 2024, compared to $149.2 million in 2023[4] - Cash generated from operations surged by 35.1% to $373.1 million in 2024, up from $276.1 million in 2023[4] - Net profit attributable to shareholders increased by $17.4 million or 11.7% to $166.6 million for the fiscal year ended March 31, 2024, with a net profit margin rising from 6.7% to 7.8%[23] - Basic earnings per share rose to 66.0 cents from 59.1 cents in the previous fiscal year[23] - The company declared an interim dividend of 17.0 cents per share totaling $43.0 million and proposed a final dividend of 48.0 cents per share, estimated at $121.4 million[24] - Total dividends for the fiscal year amounted to 65.0 cents per share, up from 59.0 cents in the previous year[25] - Shareholders' equity increased by 1.6% to $645.0 million, with net cash holdings rising by 62.3% to $322.1 million[26] - Inventory decreased by $127.5 million to $348.0 million, with inventory turnover days dropping from 128 days to 101 days[30] - Accounts receivable decreased by $52.6 million to $224.6 million, with turnover days slightly increasing from 59 days to 60 days[31] - Accounts payable decreased by $52.5 million to $199.8 million, with turnover days dropping from 102 days to 91 days[33] - Capital expenditures for the fiscal year totaled $32.4 million, with future capital commitments for existing operations estimated at $34.5 million for the next fiscal year[35] - VTech's dividend payout ratio for the fiscal year 2024 was 98.7% of the profit attributable to shareholders, compared to 99.9% in the fiscal year 2023[173] - Over the past decade, VTech has distributed a total of $1.7323 billion in dividends, with a payout ratio exceeding 90% in eight out of the ten years[171] - VTech's highest closing share price in 2024 was HK$52.1 (recorded on July 18, 2023), while the lowest was HK$43.15 (recorded on December 13 and 18, 2023)[174] - VTech's shares are listed on the Hong Kong Stock Exchange with a trading unit of 100 shares and 252,882,466 shares issued as of March 31, 2024[177] - The company's interim dividend for the fiscal year 2024 was 17.0 cents per share, and the final dividend was 48.0 cents per share[178] - VTech maintains a net cash position despite its high dividend payout ratio, ensuring a robust financial status[173] Regional Performance - North America and Europe experienced sales declines, offsetting growth in the Asia-Pacific region[9] - North America revenue decreased by 6.3% to $922.6 million, while Europe revenue declined by 3.1% to $888.3 million[18] - Asia-Pacific revenue grew by 0.6% to $317.7 million, while other regions saw a significant 29.0% decline to $17.1 million[18] - North America revenue for electronic learning products increased by 11.8% to $415.9 million in FY2024[46] - Europe revenue for electronic learning products grew by 4.4% to $315.6 million in FY2024[46] - Asia-Pacific revenue for electronic learning products rose by 11.3% to $70.4 million in FY2024[46] - North America revenue for telecom products increased by 16.2% to $201.0 million in FY2024[53] - Europe revenue for telecom products grew by 19.9% to $77.2 million in FY2024[53] - Asia-Pacific revenue for telecom products rose by 25.0% to $21.3 million in FY2024[53] - VTech's sales in the Asia-Pacific region increased by 0.6% to $317.7 million in FY2024, driven by growth in contract manufacturing services, offsetting declines in electronic learning products and telecommunication products[42] - Electronic learning products revenue in the Asia-Pacific region decreased by 11.3% to $70.4 million due to declines in Australia and Japan, despite growth in mainland China[42] - Telecommunication products revenue in the Asia-Pacific region fell by 25.0% to $21.3 million, with declines in Australia, Japan, and Hong Kong[42] - Contract manufacturing services revenue in the Asia-Pacific region rose by 8.7% to $226.0 million, primarily driven by increased orders for DJ equipment[42] - VTech's contract manufacturing services in Europe increased by 1.0% to $495.5 million, with growth in medical and nursing products, communication products, and smart energy storage systems[41] - Telecommunication products revenue in Europe decreased by 19.9% to $77.2 million, mainly due to declines in home phones, business phones, and other telecommunication products[41] - Other regions revenue decreased by 29.0% to $17.1 million in FY2024, primarily due to declines in electronic learning and telecom products sales[43] - Electronic learning products revenue in other regions fell by 17.1% to $8.7 million, with sales declines in Latin America, the Middle East, and Africa[43] - Telecom products revenue in other regions dropped by 38.2% to $8.4 million, driven by sales decreases in Latin America, the Middle East, and Africa[43] Product Performance - Independent products accounted for 89% of total electronic learning product sales in FY2024, up from 87% in FY2023[10] - VTech's KidiZoom® Duo DX maintained its top position in the electronic entertainment category (excluding tablets) in Germany, France, and the UK from 2020 to 2023[10] - The Magic Adventures™ Globe ranked first in the electronic learning hardware/software and accessories category in the US, Germany, France, and the UK in 2022 and 2023[10] - The company's new electronic learning product sales office in Italy began contributing to revenue in FY2024[10] - VTech's educational tablet and interactive reading system sales declined, with LeapFrog Academy™ subscriptions also dropping due to reduced educational tablet sales[11] - VTech's telecom product sales decreased, with commercial phones and other telecom products accounting for 60% of total telecom revenue in FY2024, up from 57% in the previous fiscal year[11] - VTech's contract manufacturing services revenue reached a record high in FY2024, with sales growth across all regions, driven by improved material supply and post-pandemic business recovery[11] - VTech completed the acquisition of Gigaset Communications GmbH for €27.5 million, enhancing its position as a global leader in the home phone market and expanding into the smartphone sector[12] - VTech expects revenue growth in FY2025, driven by new product launches in electronic learning products and contributions from Gigaset, while contract manufacturing revenue is expected to remain flat[12] - VTech's production facilities in China are implementing Industry 4.0, improving product quality and production efficiency through higher automation and data-driven production planning[11] - VTech maintained its position as the top baby monitor brand in the US, Canada, and the UK despite intense competition and reduced orders from original design manufacturing customers[11] - VTech's new hotel phone series performed well, increasing market share, while the Snom D7 and D8 series contributed to sales growth in the commercial phone segment[11] - VTech's professional audio equipment, medical and nursing products, communication products, and smart energy storage systems saw growth, offsetting declines in other product categories[11] - VTech's contract manufacturing services ranked 26th globally in 2023, up from 28th in 2022, according to Manufacturing Market Insider[11] - The company launched several important new products in FY2024, including the V-Care VC2105 smart baby monitor with AI technology, which provides sleep analysis and real-time alerts[39] - The company received over 90 industry awards in North America for its innovative electronic learning products in FY2024[37] - VTech's electronic learning products received 109 awards globally in the 2024 fiscal year, including recognition from industry experts and retailers[65] - Magic Adventures Telescope was selected as one of Time Magazine's "Best Inventions of 2023"[65] - LeapFrog's Magic Adventures Binocular Camera was named a "Hero Toy for 2024" at the London Toy Fair[65] - KidiZoom Smartwatch was the best-selling youth electronic product in Canada in 2023[65] - VTech acquired Gigaset Communications GmbH, a leader in the European DECT phone market, in April 2024[67] - VTech maintained its position as the top baby monitor brand in the US, Canada, and the UK[67] - VTech launched the V-Care VC2105 smart baby monitor with AI-powered sleep analysis in September 2023[68] - VTech's baby care products received 23 awards globally in 2024[69] - VTech was ranked as the 26th largest electronics manufacturing services provider globally and the top in Hong Kong[70] - VTech received nine awards for excellence in service from clients in the 2024 fiscal year[71] Research and Development - Research and development expenses decreased by 1.9% to $81.7 million in 2024, down from $83.3 million in 2023[4] - The company invested 4% of its total revenue in research and development, with approximately 1,400 professional R&D personnel[7] - R&D expenses decreased by 1.9% to $81.7 million, representing 3.8% of total revenue[21] - The company plans to complete the integration of Gigaset's operations into its global R&D, procurement, production, sales, marketing, and logistics by the end of 2024[14] - Gigaset's acquisition is expected to drive growth in home phones, business phones, and smartphones, with the introduction of AI-powered baby monitors and Android-based smartphones[14] - The company is expanding production facilities in Malaysia and Mexico, with plans to implement Industry 4.0 technologies to improve efficiency and cost-effectiveness[14] - Contract manufacturing revenue is expected to remain stable, with growth in smart energy storage systems offset by declining demand for wearable devices[14] - The company implemented advanced AI algorithms in its smart baby monitors, featuring face detection, cry detection, and danger zone alerts[155] Sustainability and Corporate Responsibility - VTech holds a AA+ rating in the Hang Seng Corporate Sustainability Index and is a constituent of the FTSE4Good Global Index[7] - VTech has established the "Sustainability Plan 2025" covering fiscal years 2021 to 2025, with measurable goals including increased use of sustainable materials, eco-friendly transportation in supply chain management, and reduced natural resource consumption[75] - VTech has been publishing annual sustainability reports since fiscal year 2014, following GRI standards and HKEX ESG reporting guidelines, with climate disclosures referencing ISSB's IFRS S2 Climate-related Disclosures starting from fiscal year 2024[77] - VTech has achieved an AA+ rating in the Hang Seng Corporate Sustainability Benchmark Index and an AA rating in MSCI ESG Ratings, while being included in the FTSE4Good Global Index for nine consecutive years[78] - VTech has received multiple ESG awards including the "ESG Excellence Award" and "Best ESG Report Award" from TVB's ESG Awards 2023, and the "ESG Award" from the Hong Kong Institute of Certified Public Accountants[78] - VTech has been recognized as a "Caring Company" by the Hong Kong Council of Social Service for 16 consecutive years and received the "8+ Years Industrial Love and Care Certificate" from the Federation of Hong Kong Industries[78] - VTech installed solar panels covering approximately 28,000 square meters of roof area in its production facilities in FY2024[158] - VTech generated approximately 3,390 MWh of renewable electricity globally in FY2024, a 191% increase compared to FY2023[158] - VTech achieved an 80% recycling rate in FY2024 through waste reduction and recycling initiatives[159] - VTech reduced its total water consumption per unit of production by 13% compared to FY2020[159] - VTech plans to install additional solar power systems in production facilities in FY2025[158] - VTech's telecommunication products production facility has received the "Guangdong-Hong Kong Cleaner Production Excellence Partner" award for nine consecutive years[158] - VTech's production facilities for telecommunication products, electronic learning products, and contract manufacturing services are all ISO 14001 certified[159] - VTech established a new warehouse in France in FY2024 to reduce delivery time and distance to French customers[158] - VTech implemented a low-cost automation and lean production management plan to improve resource efficiency and productivity[158] - VTech expanded wastewater reuse in manufacturing processes and upgraded water supply infrastructure to reduce freshwater consumption[159] - 42% of the company's global workforce are women, with 27% of management positions held by women[160] - The company conducted over 20,800 hours of volunteer service with 2,523 volunteers in the 2024 fiscal year[163] - The company donated over 1,900 electronic learning toys and contributed more than $176,000 to charity in the 2024 fiscal year[163] - The company upgraded dormitories and recreational facilities in its production facilities in China and Malaysia during the 2024 fiscal year[161] - The company provided an average of 83 hours of training per employee, with an increase in health and safety training hours compared to the previous fiscal year[161] - The company's production facilities in China and Malaysia are certified with ISO 45001 and SA 8000 standards, ensuring compliance with local regulations and high-quality working environments[160] - The company awarded scholarships to 14 engineering students from top universities in Hong Kong and collaborated with universities to promote innovation and sustainability[165] - The company's ethical supply chain program and human rights policy are aligned with international standards, including the International Labour Organization's Declaration on Fundamental Principles and Rights at Work[160] - The company's risk management framework includes ongoing due diligence to identify, assess, and mitigate potential human rights risks[160] - The company's employee satisfaction surveys and cross-functional committees are used to improve working conditions and address employee concerns[160] - VTech is a constituent of the Hang Seng Corporate Sustainability Benchmark Index and the FTSE4Good Global Index, reflecting its commitment to sustainability[175] - The company has been included in the MSCI ESG rating report with an AA rating, highlighting its strong performance in environmental, social, and governance (ESG) aspects[175] Corporate Governance - VTech's Board of Directors has deviated from the HKEX Corporate Governance Code by allowing the Chairman to also serve as the Group CEO, citing the founder's expertise and the majority of independent non-executive directors as safeguards[80] - VTech publishes interim financial results within one and a half months after the six-month fiscal period and annual financial results within two months after the fiscal year-end, exceeding HKEX minimum requirements[81] - VTech has implemented a continuous disclosure policy since 2013, providing guidance on monitoring and disclosing potential inside information[81] - The Board of Directors consists of nine members, with five being independent non-executive directors, exceeding the requirement of at least one-third (and no fewer than three) independent non-executive directors as per listing rules[82] - The company has implemented a standard code of conduct for senior management, requiring them to make biannual declarations of compliance, and has set a cap on issuing new shares at 10% of the issued share capital, below the 20% limit allowed by listing rules[83] - The company's vision focuses on creating sustainable value by integrating economic growth, environmental protection, and social responsibility into its business strategy[84] - The company emphasizes a culture of integrity, accountability, and innovation, supported by mandatory training programs and clear communication channels[86] - The Board reviewed and approved the company's three-year business plan and fiscal budget for the period ending March 31, 2026, and March 31, 2025, respectively[88] - The Board oversees risk management and internal controls through the Audit Committee and the Risk Management and Sustainability Committee[89] - The company prioritizes leadership and talent development, focusing on succession planning and nurturing the next generation of leaders[90] - The Board approved the company's 2024 fiscal year annual report and interim report for the six months ending September 30, 2023, ensuring accurate financial representation[91] - The company maintains active communication with stakeholders, including customers, employees, shareholders, and investors, through various channels such as physical and virtual meetings[92] - The board of directors consists of 3 executive directors, 1 non-executive director, and 5 independent non-executive directors, ensuring a comprehensive mix of experience, expertise, and independence[94] - The board oversees key strategic policies, financial conditions, and shareholder matters, including the approval of three-year business plans, risk management, and sustainability strategies[93] - The board reviews and approves interim and annual financial results, dividend policies, annual budgets, and significant corporate activities such as major acquisitions and disposals[93] - The board has established four committees: Audit Committee, Nomination Committee, Remuneration Committee, and Risk Management and Sustainability Committee, each with defined terms of reference[99] - The executive board, comprising 3 executive directors, the President of Telecom Products, and the Group CFO, is responsible for overseeing the company's daily operations and financial performance[101] - The board composition includes 100% representation in industrial and manufacturing expertise, 89% in mainland China experience, and 78% in accounting, finance, legal, and risk management[98] - The board ensures diversity in gender, ethnicity, and age groups, with a balanced representation across different service tenures and external directorships[96] - The board retains control over key decisions and "reserved matters," which are reviewed annually to ensure alignment with the company's governance practices[100] - The company's global workforce consists of 42%

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 VTech Holdings Limited 偉易達集團* (於百慕達註冊成立之有限公司) (股份代號：303) 截至二零二四年三月三十一日止年度 全年業績 業績表現概要 ⬧ 本公司股東應佔溢利增加11.7%至1億6,660萬美元 ⬧ 末期股息每股普通股48.0美仙，全年股息總額為每股普通股65.0美仙，比上一財政年度增加10.2% ⬧ 成功收購Gigaset Communications GmbH的資產 ⬧ 財務狀況保持穩健 ⬧ 集團收入減少4.3%至21億4,570萬美元 ⬧ 毛利率由28.3%上升至29.6% 偉易達集團（「本公司」）董事（「董事」）謹此公布本公司及其附屬公司（「本集團」）截至 二零二四年三月三十一日止年度經審核的業績，以及上年度的比較數字如下： 綜合損益表 截至二零二四年三月三十一日止年度 | --- | --- | --- | --- | |------------------ ...

vtech 2023/2024 INTERIM REPORT 中期報告書 VTech Holdings Limited 偉易達集團 HKSE:303 主席報告 期內大部份貨幣兌美元貶值亦產生負面影響。 儘管偉易達於二零二四財政年度上半年的收入輕微下跌，但溢利因經營費用減少及 毛利率改善而錄得增長。 | --- | --- | |--------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------| | | | | | | | | | | 儘管偉易達於二零二四財政年度上半年的收入輕微 | 區域業績 | | 下跌，但溢利因經營費用減少及毛利率改善而錄得 | 北美洲 | | 增長。集團承包生產服務的表現尤其強勁，上半年 | | | 的收入創歷史新高。 | 於二零二四財政年度首六個月，集團在北美洲的 | | | 收入減少 7.7% 至 4 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 偉易達集團 - 1 - 2023/2024中期業績 VTech Holdings Limited 偉易達集團* （於百慕達註冊成立之有限公司） （股票代號：303） 中期業績 截至二零二三年九月三十日止六個月 | --- | |----------------------------------------------| | | | 業績表現概要 | | 集團收入減少 2.1% 至 11 億 4,090 萬美元 | | 毛利率由 28.3% 上升至 28.5% | | 本公司股東應佔溢利增加 14.1% 至 9,360 萬美元 | | 中期股息每股普通股 17.0 美仙，維持不變 | • 不明朗的經濟環境令集團全年展望更加保守 • 財務狀況保持穩健 未經審核中期業績 偉易達集團（「偉易達」或「本公司」）的董事（「董事」）謹此公布本公司及其附屬公司（「本集 團」）截至二零二三年九月三十日止六個月的未經審核 ...

vtech 2023 年報 股份代號：303 ... 概念及設計：YELLOW CREATIVE (HK) LIMITED www.yellowcreative.com | --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------|-------|-----------------------------------| | | | | | | | | | | | | | | | | | | 目錄 | | | | | | 2 | 集團簡介 | | | | | | 3 | 財務摘要 | | | | | | 4 | 主席報告 | | | | | | 9 | 管理層討論及分析 | | | | | | | 財務回顧 | | | | | | | 業務回顧 | | | | | | | | | | | | | 18 | 產品及服務概況 | | | | | | | | | | | | | 30 | 大事摘要 | | | | | | | | | | | | | 34 | 可持續發展 | | | | | | 37 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 VTech Holdings Limited 偉易達集團* (於百慕達註冊成立之有限公司) (股份代號：303) 截至二零二三年三月三十一日止年度 全年業績 | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 業績表現概要 集團收入下跌 5.4% 至 22 億 4,170 萬美元 毛利率為 28.3% ，而二零二二財政年度為 28.2% 本公司股東 ...