Financial Performance - The company achieved a revenue of approximately HKD 8.77 billion for the year ending December 31, 2024, representing a year-on-year growth of 10.6%[9]. - CYBEX recorded sales revenue of approximately HKD 4.47 billion, with a strong year-on-year growth of 20.8%, achieving historical highs in both revenue and profit[11]. - The company’s revenue increased by 10.6% to approximately HKD 8,765.9 million, compared to HKD 7,927.3 million in the corresponding period of 2023[21]. - The gross profit rose by 13.6% to approximately HKD 4,507.9 million, up from HKD 3,967.7 million in the same period last year[21]. - Operating profit increased by 35.7% to approximately HKD 500.0 million, compared to HKD 368.4 million in the previous year[21]. - Net profit surged by 70.8% to approximately HKD 356.2 million, up from HKD 208.5 million in the corresponding period of 2023[21]. - The group's overall gross profit margin increased to a record 51.4%, reflecting efforts to enhance brand premium and product competitiveness[20]. - The group recorded a robust operating cash flow, significantly reducing net debt and optimizing the debt structure[20]. Market Position and Strategy - The company continues to strengthen its market position in Europe, Japan, and the United States, with significant growth potential in these regions[11]. - The company is committed to enhancing its brand influence and market share in the global children's products market[9]. - The company focused on a diversified brand portfolio and global supply chain capabilities, investing strategically in innovation and digital infrastructure to enhance global competitiveness[10]. - The company plans to continue expanding its brand presence and distribution network in existing and new markets, ensuring direct communication with consumers[28]. - The company remains confident in its vertically integrated brand-driven strategy, focusing on strategic brands CYBEX, Evenflo, and gb for continued development[27]. Product Development and Innovation - The company launched one new product during the period, receiving positive market feedback and recognition for its innovative design and safety features[11]. - The group launched 96 new products during the period, including upgrades to meet new U.S. regulations on side-impact collisions[14]. - The company's strategic investments in digitalization and innovation are expected to drive sustained performance improvements in the future[10]. - The company has a strategic focus on innovation and promotion of cutting-edge products to maintain its market leadership[58]. Corporate Governance and Compliance - The company has a strong emphasis on compliance and governance, with multiple committees including audit, nomination, and ESG[75]. - The board includes independent directors with extensive backgrounds in private equity and investment, enhancing corporate governance[76]. - The company has established internal teams supported by external consultants to oversee compliance with current legislation and industry requirements[61]. - The company has adopted a director independence policy, which has been effectively implemented[97]. - The company has mechanisms in place to ensure independent opinions and input from directors[97]. Risk Management - The company is exposed to various financial risks, including market, liquidity, and credit risks, which could significantly impact its financial performance[59]. - The company has established a risk management and internal control system that is deemed effective and sufficient by the board and audit committee, with no significant concerns affecting financial status or operational performance identified for 2024[135]. - An annual risk assessment has been conducted, identifying key strategic, operational, compliance, and financial risks, resulting in a risk heat map to guide internal audit functions[136]. Shareholder Communication and Dividends - The company announced a final dividend of HKD 0.07 per share for the year ending December 31, 2024, compared to no dividend in 2023[162]. - The company is committed to maintaining ongoing dialogue with shareholders, particularly through annual meetings and other gatherings[142]. - The board has adopted a shareholder communication policy to establish a two-way relationship with shareholders, ensuring effective communication through various platforms[143]. Employee and Management Structure - The total employee cost (excluding directors' remuneration) for the period was approximately HKD 1,876.2 million, compared to HKD 1,683.0 million for the year ended December 31, 2023[53]. - As of December 31, 2024, one-third of the senior management team is female, and the overall gender distribution among employees is approximately 45% male and 55% female[115]. - The management team has a diverse background in finance and strategic planning, with experience in major corporations like Alibaba and Xiaomi[78]. Environmental, Social, and Governance (ESG) - The group received a score of 51 in the S&P Global CSA annual assessment, reflecting its commitment to ESG goals[15]. - The ESG committee was established on March 26, 2025, indicating a commitment to environmental, social, and governance practices[89]. - The ESG Committee is tasked with reviewing and approving the company's ESG goals, strategies, and policies[122].

Summary of the Conference Call Company Overview - The conference involved ZTE, with CEO Liu Tongyou providing insights into the company's performance and future directions [1][2][3]. Key Points Business Performance - In 2024, ZTE's overall business, particularly CYBATHLON, experienced rapid growth, exceeding 50% of the entire group's revenue [1][2]. - The blue-chip business has stabilized, returning to pre-pandemic levels, while E-Inflow remains stable [1][2]. - CYBATHLON's profit margin is reported to be over 10%, indicating a healthy profit structure [3]. Market Dynamics - The Chinese market is facing a decline, impacting overall business performance, with a significant focus on the fast growth of CYBATHLON, especially in Europe [2][3]. - Competitors are struggling, leading to potential market share gains for ZTE, particularly in the European market where CYBATHLON's market share could rise from 40% to 70% [2][3]. - The company is investing heavily in new product development, marketing, and infrastructure, which is expected to yield positive results in the future [4][5]. Challenges - The transition in the Chinese market has been difficult, exacerbated by the pandemic and increasing competition [5][6]. - Tariff uncertainties pose significant challenges, affecting costs and supply chain stability [6][8]. - The company is adapting its strategy to focus on online retail and improving offline retail profitability [5][6]. Financial Insights - The company has made significant investments in product development and infrastructure, which has stabilized profits despite being in an investment phase [4][13]. - The gross margin in Europe is approximately 55%, while the U.S. gross margin is around 35%, indicating regional profitability differences [11][12]. - The company aims to reduce losses in the Chinese market by approximately $10 million this year [15]. Future Outlook - ZTE plans to continue expanding its product lines, including children's furniture and fashion products, while maintaining a strong focus on brand development [25][27]. - The company is optimistic about the growth potential in the U.S. market, particularly for the Evenflo brand, which is currently second in the safety seat market [27][28]. - ZTE's long-term strategy emphasizes sustainable growth and maintaining competitiveness against peers [28][29]. Additional Insights - The company has a strong supply chain advantage, which is crucial for maintaining competitiveness in the market [27]. - The management is focused on building brand recognition and improving market presence through innovative marketing strategies [23][24]. This summary encapsulates the key points discussed during the conference call, highlighting ZTE's current performance, market challenges, and future strategies.

Investment Rating - The investment rating for the company is upgraded to "Buy" [1] Core Views - The company reported a total revenue of HKD 8.77 billion for 2024, representing a year-on-year increase of 10.3% [8] - The net profit attributable to shareholders for 2024 is HKD 355.85 million, showing a significant year-on-year growth of 74.87% [8] - The high-end brand Cybex is accelerating its global expansion, contributing to a 71% increase in profits [8] - The company has resumed dividend payments after six years, with a dividend rate of 33% and a dividend yield of 4.5% [8] - The company's gross margin improved to 51.4%, up 1.3 percentage points year-on-year, contributing to an increase in net profit margin [8] Financial Summary - Total revenue projections for 2023A to 2027E are as follows: HKD 7.95 billion (2023A), HKD 8.77 billion (2024A), HKD 9.54 billion (2025E), HKD 10.39 billion (2026E), and HKD 11.17 billion (2027E) [1] - Net profit attributable to shareholders is projected to grow from HKD 203.50 million (2023A) to HKD 586.69 million (2027E) [1] - The latest diluted EPS is expected to increase from HKD 0.12 (2023A) to HKD 0.35 (2027E) [1] - The P/E ratio is projected to decrease from 11.23 (2023A) to 3.90 (2027E) [1]

Investment Rating - The investment rating for the company is upgraded to "Buy" [1] Core Insights - The company reported a total revenue of HKD 8.77 billion for 2024, representing a year-on-year increase of 10.3% [8] - The net profit attributable to shareholders for 2024 is HKD 355.85 million, a significant increase of 74.87% year-on-year [8] - The high-end brand Cybex is accelerating its global expansion, contributing to a 71% increase in profits [8] - The company has resumed dividend payments after six years, with a dividend rate of 33% and a dividend yield of 4.5% [8] - The gross profit margin improved to 51.4%, up 1.3 percentage points year-on-year, which contributed to the increase in net profit margin [8] Financial Projections - Total revenue projections for 2025, 2026, and 2027 are HKD 9.54 billion, HKD 10.39 billion, and HKD 11.17 billion respectively, with year-on-year growth rates of 8.82%, 8.93%, and 7.49% [1] - The net profit attributable to shareholders is projected to be HKD 450.37 million in 2025, HKD 532.50 million in 2026, and HKD 586.69 million in 2027, with corresponding growth rates of 26.56%, 18.24%, and 10.18% [1] - The earnings per share (EPS) are expected to increase from HKD 0.21 in 2025 to HKD 0.35 in 2027 [1] Market Data - The closing price of the company's stock is HKD 1.37, with a market capitalization of HKD 2.29 billion [5] - The price-to-earnings (P/E) ratio is currently at 6.42, projected to decrease to 3.90 by 2027 [1]

Company Overview - Goodbaby International Holdings Limited is a leading global company in the parenting products sector, specializing in the design, development, manufacturing, marketing, and sales of children's safety seats, strollers, clothing, and other childcare products [2] - The company operates with over 7,000 employees and has R&D centers in eight locations across the Americas, Europe, and China, along with sales and distribution offices in 11 countries [2] - Goodbaby's global presence, localized operations, structured brand system, and strong R&D capabilities position it as a leader in the industry, providing high-quality and reliable products to millions of parents daily [2] Financial Performance - As of December 31, 2024, Goodbaby International reported total revenue of 8.118 billion HKD, representing a year-on-year growth of 10.58% [1] - The net profit attributable to shareholders was 330 million HKD, showing a significant increase of 74.87% compared to the previous year [1] - The company's gross profit margin stood at 51.43%, with a debt-to-asset ratio of 44.1% [1] Stock Performance - On April 2, the stock price of Goodbaby International closed at 1.42 HKD per share, marking an increase of 7.58% with a trading volume of 23.095 million shares and a turnover of 33.166 million HKD [1] - Over the past month, the stock has seen a cumulative increase of 32%, and since the beginning of the year, it has risen by 48.31%, outperforming the Hang Seng Index by 15.69% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the household appliances and goods industry is 13.5 times, with a median of 5.03 times [1] - Goodbaby International's P/E ratio is 6.19 times, ranking it 9th in the industry [1] - Comparatively, other companies in the sector have lower P/E ratios, such as Liyuan International at 1.73 times and Kaifushan Group Holdings at 1.79 times [1]

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。 於2025年3月26日，董事會決議在符合下述條件的情況下採納2025年購股權計劃，並於採 納2025年購股權計劃後終止2020年購股權計劃。 2020年購股權計劃乃於2020年5月25日舉行的本公司股東週年大會上通過股東決議案採 納，自2020年5月25日起計有效期為10年。 繼上市規則第17章修訂本於2023年1月1日生效後，本公司建議終止2020年購股權計劃， 並採納2025年購股權計劃以取代2020年購股權計劃。根據2020年購股權計劃的條款，董 事會可隨時通過董事會決議案終止2020年購股權計劃。鑒於(i)本公司建議於股東特別大 會上採納2025年購股權計劃；及(ii)本公司不擬於採納2025年購股權計劃之前根據2020年 購股權計劃授予任何進一步的購股權，董事會已決議終止2020年購股權計劃，自2025年 購股權計劃的採納日期（預計將為股東特別大會日期）起生效。 –1– Goodbaby In ...

公司的環境、社會及管治（「ESG」）委員會（「ESG委員會」）根據公司董事會（「董事會」） 於2025年3月26日的決議案成立。以下為ESG委員會的職權範圍（「職權範圍」）。 ESG委員會應協助董事會履行其對集團ESG事宜的監督責任。 Goodbaby International Holdings Limited 好孩子國際控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1086） （以下稱「公司」，連同其附屬公司，以下稱「集團」） 環境、社會及管治委員會－職權範圍書 1. 成員 2. 秘書 –1– 1.1 ESG委員會成員（「成員」）應由董事會委任。 1.2 ESG委員會應由至少三名成員組成，所有成員均須為公司董事（「董事」），其 中至少一名須為獨立非執行董事。 1.3 董事會應委任其中一名成員為ESG 委員會主席。若未能委任，則ESG 委員會 主席應由成員於全體成員出席的相關ESG委員會會議上選舉產生，並以多數票 通過。 1.4 每位成員的任期應由董事會於委任時確定。成員可隨時通過董事會決議案被罷 免。 1.5 倘若任何成員不再擔任公司的任何董事職務，其將自動不再為成員。 2.1 ESG委員會 ...

好孩子國際控股有限公司 非執行董事 富晶秋女士 何國賢先生 Goodbaby International Holdings Limited （股份代號：1086） （於開曼群島註冊成立之有限公司） 董事名單與其角色和職能 好孩子國際控股有限公司董事會（「董事會」）成員載列如下。 執行董事 宋鄭還先生 （主席） 劉同友先生 （行政總裁） Martin Pos先生 香港，2025年3月26日 獨立非執行董事 張昀女士 王舜德先生 石曉光先生 金鵬先生 蘇德揚先生 董事會已設立四個委員會。下表提供相關董事會成員於該等委員會的任職資料。 | | 董事委員會 | | | | | --- | --- | --- | --- | --- | | 董事 | 審核委員會 薪酬委員會 | | 提名委員會 | 環境、社會及 管治委員會 | | 張昀女士 | M | C | C | C | | 王舜德先生 | C | M | M | M | | 石曉光先生 | M | M | M | – | | 蘇德揚先生 | M | M | M | – | | 何國賢先生 | M | M | M | M | M 相關董事委員會成員 附註： C 相 ...

Goodbaby International Holdings Limited 好孩子國際控股有限公司 （股份代號：1086） （於開曼群島註冊成立之有限公司） (1)委任獨立非執行董事 (2)成立環境、社會及管治委員會 (3)採納環境、社會及管治委員會的職權範圍 (4)董事委員會組成變動 好孩子國際控股有限公司（「本公司」，連同其附屬公司，「本集團」）董事（「董事」及各 自為一名「董事」）會（「董事會」）欣然宣佈，自2025年3月26日舉行的董事會會議結束時 起，(1)王舜德先生（「王先生」）已獲委任為獨立非執行董事、本公司審核委員會（「審核 委員會」）主席以及本公司提名委員會（「提名委員會」）、本公司薪酬委員會（「薪酬委員 會」）及本公司環境、社會及管治委員會（「環境、社會及管治委員會」）各自的成員；(2) 環境、社會及管治委員會已告成立；(3)環境、社會及管治委員會的職權範圍已獲本公司 採納；及(4)審核委員會、提名委員會及薪酬委員會各自的成員均有變動。 委任獨立非執行董事 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 ...

EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 好孩子國際控股有限公司 | | 股份代號 | 01086 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年十二月三十一日止年度末期股息 | | 公告日期 | 2025年3月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0.07 HKD | | 股東批准日期 | 2025年5月27日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.07 HKD | | 匯率 | 1 HKD : 1 ...