[Company Information](index=3&type=section&id=Company%20Information) [Company Information Overview](index=3&type=section&id=Company%20Information%20Overview) This section provides basic administrative information about Kiddieland International Company Limited, including board members, committee composition, company secretary, auditor, principal bankers, registered office, and share registrar - Ms. Lo Siu Shan was appointed Chairman on June 28, 2025, and Ms. Sin Lo Siu Wai serves as Chief Executive Officer[4](index=4&type=chunk) - Mr. Sit Hon Wing chairs the Audit Committee, Mr. Cheng Tsz Lung chairs the Remuneration Committee, and Mr. Man Ka Ho chairs the Nomination Committee[4](index=4&type=chunk) - The company's auditor is PricewaterhouseCoopers, and its principal banker is The Hongkong and Shanghai Banking Corporation Limited[4](index=4&type=chunk) - The company's website is www.kiddieland.com.hk, and its stock code is 3830[5](index=5&type=chunk) [Chairman's Statement](index=4&type=section&id=Chairman's%20Statement) [Annual Results Review and Outlook](index=4&type=section&id=Annual%20Results%20Review%20and%20Outlook) The Chairman's Statement reviews the Group's operating performance for the year ended April 30, 2025, noting decreased revenue in toy and laboratory equipment businesses due to a weak global economy, but reduced net loss through cost control, and expresses confidence in the future potential of the laboratory equipment business - Global economic downturn led to consumer downgrading, with consumers prioritizing price-value propositions, impacting toy business revenue and average selling prices[6](index=6&type=chunk) 2025 Fiscal Year Business Revenue Changes | Business Segment | 2025 Revenue (Million HKD) | 2024 Revenue (Million HKD) | Year-on-Year Change | Change Rate | | :--------------- | :------------------------- | :------------------------- | :------------------ | :---------- | | Toy Business | 146.3 | 155.7 | -9.4 | -6.0% | | Lab Equipment Business | 50.5 | 59.5 | -9.0 | -15.1% | | **Group Total Revenue** | **196.9** | **215.1** | **-18.2** | **-8.5%** | - Despite sales decline, the toy business achieved profitability through significant cost cutting and expense control[6](index=6&type=chunk) - Laboratory equipment business revenue decreased due to the National Development and Reform Commission's new plan causing local government investment projects to be put on hold, but the company remains confident in its future potential[7](index=7&type=chunk) - The Group's net loss decreased from approximately **HKD 7.3 million in 2024** to approximately **HKD 7.0 million in 2025**, primarily due to cost control and expense reduction[7](index=7&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=5&type=section&id=Business%20Review) This section details the performance of the toy and laboratory equipment businesses, highlighting the toy business's profitability despite tariff impacts and the laboratory equipment business's engagement in government education equipment renovation plans for future growth - The toy business achieved profitability after transitioning to an asset-light outsourcing model, but revenue decreased by **6.0% to approximately HKD 146.3 million** due to US tariff issues[9](index=9&type=chunk) - Kiddieland Technology (laboratory equipment business) actively aligned with China's education policy, investing in R&D for smart laboratory products like AI scoring systems, and successfully won bids for laboratory renovation projects in Jiangxi and Hubei provinces[9](index=9&type=chunk)[10](index=10&type=chunk) - Laboratory equipment business revenue decreased by **15.1% to approximately HKD 50.5 million**, mainly because the National Development and Reform Commission's new policy led to the temporary suspension of local government investment projects[11](index=11&type=chunk) - The Group's total revenue decreased by **8.5% to approximately HKD 196.9 million**, and the net loss attributable to owners of the Company decreased to approximately **HKD 7.0 million**, primarily due to a significant reduction in administrative expenses[11](index=11&type=chunk) [Financial Review](index=5&type=section&id=Financial%20Review) This section analyzes the Group's financial performance, including revenue by region, gross profit, expenses, tax, net loss, and liquidity, revealing decreased revenue, significantly reduced administrative expenses, and changes in current ratio and net current assets Revenue by Region Changes | Region | 2025 Revenue (Million HKD) | 2024 Revenue (Million HKD) | Year-on-Year Change | Change Rate | | :----- | :------------------------- | :------------------------- | :------------------ | :---------- | | North America | 82.7 | 92.5 | -9.8 | -10.6% | | Europe | 47.4 | 48.1 | -0.7 | -1.5% | | Lab Equipment Business | 50.5 | 59.5 | -9.0 | -15.1% | | **Group Total Revenue** | **196.9** | **215.1** | **-18.2** | **-8.5%** | - North American revenue decline was primarily due to reduced revenue in the most developed local countries, a shift in product mix towards lower-priced products, and delayed or canceled orders due to US tariff policies[12](index=12&type=chunk) - European revenue slightly decreased, mainly affected by the economic downturn in Eastern Europe due to the Russia-Ukraine war and reduced purchasing power from USD appreciation[13](index=13&type=chunk) - The Group's gross profit decreased by **10.1% to approximately HKD 29.4 million**, mainly due to reduced revenue, increased manufacturing costs in the laboratory equipment business, and inventory impairment provisions[16](index=16&type=chunk) - Administrative expenses significantly decreased by **23.1% to approximately HKD 22.0 million**, primarily due to reduced administrative staff costs in the laboratory equipment business and operating lease expenses in the toy business[18](index=18&type=chunk) - The Group recorded a net loss attributable to owners of the Company of approximately **HKD 7.0 million** (2024: HKD 7.3 million), with the reduction in loss mainly attributable to a significant decrease in administrative expenses[21](index=21&type=chunk) Liquidity Indicators | Indicator | April 30, 2025 (Thousand HKD) | April 30, 2024 (Thousand HKD) | Year-on-Year Change | | :-------- | :---------------------------- | :---------------------------- | :------------------ | | Inventories | 8,538 | 9,831 | -1,293 | | Trade Receivables | 8,333 | 8,731 | -398 | | Trade and Bills Payables | 6,453 | 4,908 | +1,545 | | Cash and Cash Equivalents | 7,000 | 7,300 | -300 | | Current Ratio | 1.0 | 1.1 | -0.1 | | Net Current Assets | 0.3 | 3.4 | -3.1 | | Unutilized Bank Credit Facilities | 69.1 Million HKD | 212.1 Million HKD | -143.0 | [Foreign Currency Risk](index=8&type=section&id=Foreign%20Currency%20Risk) The Group's toy business is primarily denominated in HKD and USD, while the laboratory equipment business is in RMB; management considers USD risk low due to the HKD peg but will closely monitor RMB movements - Toy business sales, purchases, and expenses are mainly denominated in HKD and USD, while the laboratory equipment business is denominated in RMB[26](index=26&type=chunk) - Due to the HKD peg to the USD, foreign exchange risk from the USD is expected to be minimal, but RMB movements will be closely monitored[27](index=27&type=chunk) - As of April 30, 2025, the Group had not entered into any financial instruments to hedge foreign currencies[28](index=28&type=chunk) [Employees and Remuneration Policy](index=8&type=section&id=Employees%20and%20Remuneration%20Policy) The Group employs 109 full-time staff in Hong Kong and China, with remuneration based on performance, experience, and industry practice, maintaining stable management and administrative personnel - As of April 30, 2025, the Group employed 109 full-time management, administrative, and production personnel in Hong Kong and China[29](index=29&type=chunk) - Remuneration is based on individual performance, experience, and current industry practice, with the number of production factory workers fluctuating seasonally and management and administrative personnel remaining stable[29](index=29&type=chunk) [Environmental, Social and Corporate Responsibility](index=8&type=section&id=Environmental,%20Social%20and%20Corporate%20Responsibility) The Group is committed to environmental sustainability, integrating social responsibility into daily operations, and actively implementing eco-friendly measures like solar panels and energy-saving devices in its China factory - The Group is committed to achieving environmental sustainability, integrating social responsibility into daily operations, and implementing corporate social responsibility strategies[30](index=30&type=chunk) - The China factory has installed solar panels and energy-saving devices for machinery, and implements environmental measures such as recycling and using recycled paper[30](index=30&type=chunk) - Details of the Environmental, Social and Governance Report are provided on pages 30 to 56 of this annual report[31](index=31&type=chunk) [Material Investments Held](index=8&type=section&id=Material%20Investments%20Held) The Group held no other material investments during the reporting period, apart from investments in subsidiaries - Apart from investments in subsidiaries, the Group held no other material investments during the year[32](index=32&type=chunk) [Capital Commitments](index=8&type=section&id=Capital%20Commitments) As of the end of the reporting period, the Group had no contracted but unprovided commitments for the acquisition of property, plant, and equipment in the consolidated financial statements - As of April 30, 2025, the Group had no commitments for the acquisition of property, plant, and equipment that were contracted but not yet provided for in the consolidated financial statements[33](index=33&type=chunk) [Contingent Liabilities](index=8&type=section&id=Contingent%20Liabilities) As of the end of the reporting period, the Group had no other significant contingent liabilities - As of April 30, 2025, the Group had no other significant contingent liabilities[34](index=34&type=chunk) [Outlook/Future Prospects and Strategies](index=9&type=section&id=Outlook%2FFuture%20Prospects%20and%20Strategies) The Group plans to navigate an unstable global economy by innovating in toys, enhancing supply chain resilience, and expanding online, while Kiddieland Technology will focus on system optimization, product innovation, market expansion, and cost reduction in laboratory equipment to seize education sector opportunities - The global economic situation is unstable, geopolitical tensions are high, and US tariffs affect consumer spending sentiment, leading to increased freight costs and extended delivery cycles[35](index=35&type=chunk) - Kiddieland will continue to develop creative, high-quality, and competitive licensed toy products, and plans to establish warehousing facilities in the US to enhance supply chain resilience and expand online business[35](index=35&type=chunk)[36](index=36&type=chunk) - Kiddieland Technology (laboratory equipment business) will focus on four key areas: business systems (regular business and NDRC projects), product optimization and technological innovation, market expansion, and cost reduction and efficiency improvement[36](index=36&type=chunk)[39](index=39&type=chunk) - Kiddieland Technology's experimental teaching management system, AI experimental operation examination system, and teacher demonstration system have been incorporated into the Ministry of Education's new configuration standards, expected to significantly increase its market share in high school laboratory equipment[36](index=36&type=chunk) - Kiddieland Technology will continue to participate in laboratory renovation projects by the NDRC in multiple provinces and cities, involving funds of approximately **RMB 1.357 billion**[36](index=36&type=chunk) - The company will reduce R&D and operation and maintenance costs through modular design and cloud service support systems, improving customer issue response time by **30%**[39](index=39&type=chunk) [Directors and Senior Management](index=10&type=section&id=Directors%20and%20Senior%20Management) [Executive Directors](index=10&type=section&id=Executive%20Directors) This section introduces the Group's four executive directors, including the new Chairman Ms. Lo Siu Shan and CEO Ms. Sin Lo Siu Wai, along with Mr. Lo Hung and Ms. Leung Siu Lin, detailing their extensive experience in the toy industry and respective responsibilities - Ms. Lo Siu Shan (53) was appointed Chairman effective June 28, 2025, responsible for product cost calculation, pricing, factory audits, and procurement activities, with over **22 years of experience** in the toy industry[40](index=40&type=chunk) - Ms. Sin Lo Siu Wai (50) is the Chief Executive Officer, responsible for overseeing the Group's overall business operations, sales and marketing, licensing relationships, and product development, with over **25 years of experience** in the toy industry[41](index=41&type=chunk) - Mr. Lo Hung (81) is responsible for overseeing the daily operations of the Dongguan production factory in China and managing product development personnel, with over **58 years of experience** in the toy industry[42](index=42&type=chunk) - Ms. Leung Siu Lin (79) is responsible for managing the Group's overall financial matters and overseeing monthly shipments, with over **54 years of experience** in the toy industry[43](index=43&type=chunk) [Independent Non-Executive Directors](index=12&type=section&id=Independent%20Non-Executive%20Directors) This section lists the Group's three independent non-executive directors: Mr. Man Ka Ho, Mr. Cheng Tsz Lung, and Mr. Sit Hon Wing, briefly outlining their professional backgrounds and committee roles within the company - Mr. Man Ka Ho (48) is an Independent Non-Executive Director, also serving as Chairman of the Nomination Committee and a member of the Audit and Remuneration Committees, with over **18 years of experience** in the legal field[45](index=45&type=chunk) - Mr. Cheng Tsz Lung (53) is an Independent Non-Executive Director, also serving as Chairman of the Remuneration Committee and a member of the Audit and Nomination Committees, and previously worked as a management consultant at Ernst & Young[45](index=45&type=chunk) - Mr. Sit Hon Wing (48) is an Independent Non-Executive Director, also serving as Chairman of the Audit Committee and a member of the Remuneration and Nomination Committees, with over **22 years of experience** as a financial controller and company secretary[46](index=46&type=chunk) [Senior Management](index=12&type=section&id=Senior%20Management) This section introduces the Group's two senior management members: Mr. Cheung Ka Cheong, Financial Controller and Company Secretary, and Ms. Chong Lai Ni, Sales Director, outlining their respective responsibilities and professional experience - Mr. Cheung Ka Cheong (38) is the Financial Controller and Company Secretary, overseeing the accounting department, preparing financial statements, and maintaining banking relationships, with over **16 years of accounting experience**[47](index=47&type=chunk) - Ms. Chong Lai Ni (57) is the Sales Director, primarily responsible for product sales activities to customers in North America, Europe, Japan, and Australia, with over **31 years of experience** in the toy industry[47](index=47&type=chunk) [Directors' Report](index=13&type=section&id=Directors'%20Report) [Principal Activities](index=13&type=section&id=Principal%20Activities) The Group primarily engages in the manufacturing and distribution of plastic toy products (including outdoor sports toys, infant and preschool toys) and laboratory equipment, with products sold in local and overseas markets - The Company primarily engages in the manufacturing and distribution of plastic toy products (outdoor sports toys, infant and preschool toys) and laboratory equipment[49](index=49&type=chunk) - Products are distributed to local and overseas markets[49](index=49&type=chunk) [Results and Appropriations](index=13&type=section&id=Results%20and%20Appropriations) The Group's results for the year ended April 30, 2025, are presented in the consolidated statement of comprehensive income, and the Board resolved not to declare any final or interim dividends - The Group's results for the year ended April 30, 2025, are presented in the consolidated statement of comprehensive income on pages 62 to 63 of this annual report[51](index=51&type=chunk) - The Board resolved not to declare any final dividend for the year ended April 30, 2025, or any interim dividend for the six months ended October 31, 2024[52](index=52&type=chunk) [Dividend Policy](index=13&type=section&id=Dividend%20Policy) The Company has adopted a dividend policy to allow shareholders to share profits while retaining reserves for future development, with dividend declarations at the Board's discretion, considering various financial and market factors - The Company adopted a dividend policy aimed at allowing shareholders to share profits while retaining reserves for future development[53](index=53&type=chunk) - The Board will consider factors such as actual and expected financial performance, retained earnings, working capital requirements, liquidity position, economic conditions, and legal restrictions when determining dividends[53](index=53&type=chunk)[54](index=54&type=chunk) [Closure of Register of Members to Determine Entitlement to Attend and Vote at Annual General Meeting](index=14&type=section&id=Closure%20of%20Register%20of%20Members%20to%20Determine%20Entitlement%20to%20Attend%20and%20Vote%20at%20Annual%20General%20Meeting) To determine shareholders' eligibility to attend the Annual General Meeting on September 26, 2025, the Company will close its register of members from September 24 to 26, 2025, requiring shareholders to register by 4:30 p.m. on September 23, 2025 - To determine shareholders' eligibility to attend the Annual General Meeting on September 26, 2025, the register of members will be closed from September 24 to 26, 2025[55](index=55&type=chunk) - Shareholders must submit transfer forms and share certificates to Tricor Investor Services Limited for registration no later than 4:30 p.m. on September 23, 2025[55](index=55&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) Details of the Group's business review are provided in the "Management Discussion and Analysis" section on page 4 of this annual report - The Group's business review is provided in the "Management Discussion and Analysis" section on page 4 of this annual report[56](index=56&type=chunk) [Financial Summary](index=14&type=section&id=Financial%20Summary) A summary of the Group's published results, assets, and liabilities for the past five financial years is presented on page 128 of this annual report - A summary of the Group's published results, assets, and liabilities for the past five financial years is presented on page 128 of this annual report[57](index=57&type=chunk) [Share Capital](index=14&type=section&id=Share%20Capital) Details of changes in the Company's share capital are provided in Note 24 to the consolidated financial statements - Details of changes in the Company's share capital are provided in Note 24 to the consolidated financial statements[58](index=58&type=chunk) [Reserves](index=14&type=section&id=Reserves) Details of changes in the Group's and the Company's reserves during the year are presented in the consolidated statement of changes in equity, Note 25, and Note 35 to the consolidated financial statements - Details of changes in the Group's and the Company's reserves during the year are presented in the consolidated statement of changes in equity, Note 25, and Note 35 to the consolidated financial statements[59](index=59&type=chunk) - Distributable reserves are presented in Note 25 to the consolidated financial statements[60](index=60&type=chunk) [Donations](index=14&type=section&id=Donations) The Group made no charitable donations for the year ended April 30, 2025 - The Group made no charitable donations for the year ended April 30, 2025 (2024: Nil)[61](index=61&type=chunk) [Bank Loans](index=14&type=section&id=Bank%20Loans) Details of the Group's bank loans and other borrowings as of April 30, 2025, are provided in Note 27 to the consolidated financial statements - Details of the Group's bank loans and other borrowings as of April 30, 2025, are provided in Note 27 to the consolidated financial statements[62](index=62&type=chunk) [Property, Plant and Equipment](index=14&type=section&id=Property,%20Plant%20and%20Equipment) Changes in the Group's property, plant, and equipment during the year are presented in Note 17 to the consolidated financial statements - Changes in the Group's property, plant, and equipment during the year are presented in Note 17 to the consolidated financial statements[63](index=63&type=chunk) [Subsidiaries](index=15&type=section&id=Subsidiaries) Details of the Company's principal subsidiaries as of April 30, 2025, are provided in Note 34 to the consolidated financial statements - Details of the Company's principal subsidiaries as of April 30, 2025, are provided in Note 34 to the consolidated financial statements[64](index=64&type=chunk) [Major Customers and Suppliers](index=15&type=section&id=Major%20Customers%20and%20Suppliers) The Group's sales are highly concentrated among its top five customers, accounting for 30.9% of total sales, while purchases are highly concentrated among its top five suppliers, accounting for 78.8% of total purchases Major Customers and Suppliers Proportion | Category | Proportion | | :------- | :--------- | | Largest Customer | 7.5% | | Top Five Customers Total | 30.9% | | Largest Supplier | 51.6% | | Top Five Suppliers Total | 78.8% | [Pre-emptive Rights](index=15&type=section&id=Pre-emptive%20Rights) There are no provisions in the Company's articles of association or Cayman Islands law requiring the Company to offer new shares proportionally to existing shareholders - There are no provisions in the Company's articles of association or Cayman Islands law regarding pre-emptive rights[66](index=66&type=chunk) [Directors](index=15&type=section&id=Directors) This section lists the Board members as of the reporting date and notes that Ms. Lo Siu Shan, Mr. Cheng Tsz Lung, and Mr. Sit Hon Wing will retire and be eligible for re-election at the upcoming Annual General Meeting - Ms. Lo Siu Shan was appointed Chairman on June 28, 2025, and Mr. Lo Hung resigned as Chairman on June 27, 2025[67](index=67&type=chunk) - Ms. Lo Siu Shan, Mr. Cheng Tsz Lung, and Mr. Sit Hon Wing will retire at the upcoming Annual General Meeting and are eligible for re-election[67](index=67&type=chunk) [Biographical Details of Directors, Senior Management and Company Secretary](index=16&type=section&id=Biographical%20Details%20of%20Directors,%20Senior%20Management%20and%20Company%20Secretary) Biographical details of the Company's directors, the Group's senior management, and the Company Secretary are provided on pages 10 to 11 of this annual report - Biographical details of the Company's directors, the Group's senior management, and the Company Secretary are provided on pages 10 to 11 of this annual report[68](index=68&type=chunk) [Directors' Service Agreements](index=16&type=section&id=Directors'%20Service%20Agreements) Executive directors entered into renewed three-year service agreements on September 20, 2023, and independent non-executive directors also have three-year appointment letters, with all appointments subject to rotation provisions - Each executive director entered into a renewed three-year service agreement with the Company on September 20, 2023[69](index=69&type=chunk) - Independent non-executive directors Mr. Man Ka Ho, Mr. Cheng Tsz Lung, and Mr. Sit Hon Wing also have three-year appointment letters, with an annual director's fee of **HKD 60,000**[69](index=69&type=chunk) - All directors' appointments are subject to the provisions of the articles of association regarding directors' retirement by rotation[69](index=69&type=chunk) [Changes in Directors' Information](index=16&type=section&id=Changes%20in%20Directors'%20Information) Mr. Sit Hon Wing was appointed as an executive director of Tian誉 Property (Holdings) Limited on February 18, 2025, in accordance with Listing Rule 13.51B(1) - Mr. Sit Hon Wing was appointed as an executive director of Tian誉 Property (Holdings) Limited (stock code: 0059), a company listed on the Stock Exchange, on February 18, 2025[70](index=70&type=chunk) [Remuneration Policy](index=16&type=section&id=Remuneration%20Policy) The Group's employee remuneration policy is set by the Board and reviewed by the Remuneration Committee, while directors' remuneration is determined by the Board and reviewed by the Remuneration Committee, with a share option scheme adopted to incentivize directors and eligible employees - The Group's employee remuneration policy is formulated by the Board and reviewed by the Remuneration Committee with reference to their merits, qualifications, and abilities[71](index=71&type=chunk) - The remuneration of the Company's directors is determined by the Board and reviewed by the Remuneration Committee, with reference to operating results, individual performance, and market statistics[72](index=72&type=chunk) - The Company has adopted a share option scheme to incentivize its directors and eligible employees[73](index=73&type=chunk) [Retirement Benefit Schemes](index=17&type=section&id=Retirement%20Benefit%20Schemes) The Group participates in a Mandatory Provident Fund Scheme for employees of its Hong Kong subsidiaries, and employees of its China subsidiaries are members of retirement schemes implemented by the Chinese government - The Group participates in a Mandatory Provident Fund Scheme for employees of its Hong Kong subsidiaries[74](index=74&type=chunk) - Employees of China subsidiaries are members of retirement schemes implemented by the Chinese government, and the company is required to make contributions at a certain percentage[74](index=74&type=chunk) [Permitted Indemnity Provision](index=17&type=section&id=Permitted%20Indemnity%20Provision) According to the articles of association, each director is entitled to be indemnified out of the Company's assets for all losses or liabilities incurred or arising from the performance of their duties or other related matters - According to the articles of association, each director is entitled to be indemnified out of the Company's assets for all losses or liabilities incurred or arising from the performance of their duties or other related matters[75](index=75&type=chunk) [Directors' Interests in Competing Business](index=17&type=section&id=Directors'%20Interests%20in%20Competing%20Business) As of April 30, 2025, no director held any interest in any business directly or indirectly competing or likely to compete with the Group's business, other than the Group's own operations - As of April 30, 2025, no director held any interest in any business directly or indirectly competing or likely to compete with the Group's business[76](index=76&type=chunk) [Directors' Material Interests in Transactions, Arrangements or Contracts Significant to the Company's Business](index=17&type=section&id=Directors'%20Material%20Interests%20in%20Transactions,%20Arrangements%20or%20Contracts%20Significant%20to%20the%20Company's%20Business) Except for related party transactions disclosed in Note 32 to the consolidated financial statements, no director and/or any of their associates had a material interest, directly or indirectly, in any transaction, arrangement, or contract significant to the Group's business - Except for related party transactions disclosed in Note 32 to the consolidated financial statements, no director and/or any of their associates had a material interest, directly or indirectly, in any transaction, arrangement, or contract significant to the Group's business[77](index=77&type=chunk) [Related Party Transactions](index=17&type=section&id=Related%20Party%20Transactions) Details of related party transactions entered into by the Group for the year ended April 30, 2025, are provided in Note 32 to the consolidated financial statements - Details of related party transactions entered into by the Group for the year ended April 30, 2025, are provided in Note 32 to the consolidated financial statements[78](index=78&type=chunk) [Continuing Connected Transactions](index=17&type=section&id=Continuing%20Connected%20Transactions) The Company renewed an office lease agreement with Dragon Enterprise Investment Limited, which constitutes a continuing connected transaction and has been confirmed by the independent auditor to comply with Listing Rule requirements - Kiddieland Toys Limited, a wholly-owned subsidiary of the Company, renewed an office lease agreement with Dragon Enterprise Investment Limited for a monthly rent of **HKD 120,000** for a period of **12 months**[79](index=79&type=chunk) - Dragon Enterprise Investment Limited is 50% owned by Executive Director Mr. Lo Hung and his spouse Ms. Leung Siu Lin, respectively, thus constituting a connected transaction[80](index=80&type=chunk) - The independent auditor confirmed no instances where continuing connected transactions were not approved by the Board, not entered into in accordance with the relevant agreements, or exceeded the annual caps[80](index=80&type=chunk) [Rights to Acquire Securities of the Company and Equity-linked Agreements](index=19&type=section&id=Rights%20to%20Acquire%20Securities%20of%20the%20Company%20and%20Equity-linked%20Agreements) Except for the share option scheme, neither the Company nor any of its holding companies or subsidiaries entered into any arrangements during the year that would entitle the Company's directors or chief executives or their respective associates to subscribe for securities of the Company or any associated corporation, or to benefit from acquiring shares or debentures of the Company or any other body corporate - Except for the share option scheme, neither the Company nor any of its holding companies or subsidiaries entered into any arrangements during the year that would entitle the Company's directors or chief executives or their respective associates to subscribe for securities of the Company or any associated corporation, or to benefit from acquiring shares or debentures of the Company or any other body corporate[82](index=82&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or any Associated Corporation](index=19&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures%20of%20the%20Company%20or%20any%20Associated%20Corporation) As of April 30, 2025, Ms. Sin Lo Siu Wai held 100% equity in associated corporation KLH Capital Limited; other than this, no director or chief executive held any disclosable interests or short positions in the shares, underlying shares, and debentures of the Company or its associated corporations Directors' Long Positions in Shares of Associated Corporations | Director Name | Capacity | Nature of Interest | Number of Shares (Ordinary Shares) | Approximate Percentage of Shareholding in KLH Capital | | :------------ | :------- | :----------------- | :--------------------------------- | :------------------------------------ | | Ms. Sin Lo Siu Wai | Beneficial Owner | Personal | 10,000 | 100% | - Except for the above disclosure, no director or chief executive of the Company held any interests or short positions in the shares, underlying shares, and debentures of the Company or any of its associated corporations that are required to be recorded in the register kept under Section 352 of the Securities and Futures Ordinance or to be notified to the Company and the Stock Exchange under the Model Code[83](index=83&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares of the Company](index=20&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) As of April 30, 2025, substantial shareholder KLH Capital held 75% of the Company's shares, wholly owned by Executive Director Ms. Sin Lo Siu Wai Substantial Shareholders' Long Positions in Shares | Shareholder Name | Capacity | Number of Shares (Ordinary Shares) | Approximate Percentage of Shareholding in the Company | | :--------------- | :------- | :--------------------------------- | :------------------------------------ | | KLH Capital | Beneficial Owner | 750,000,000 | 75% | - KLH Capital is 100% owned by Ms. Sin Lo Siu Wai, an executive director of the Company[84](index=84&type=chunk) [Share Option Scheme](index=20&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme in 2017 to incentivize directors, employees, and other selected participants; the scheme is valid for 10 years, with no outstanding options as of April 30, 2025, and a total of 100,000,000 shares available for grant - The Company's share option scheme was approved and adopted by shareholders on August 31, 2017, to grant share options as incentives to directors, employees, or other selected participants[85](index=85&type=chunk) - For the years ended April 30, 2025, and 2024, no share options were granted, exercised, canceled, or lapsed, and there were no outstanding share options[85](index=85&type=chunk) - As of April 30, 2025, the total number of shares available for grant or to be issued upon exercise of all options under the scheme was **100,000,000 shares**, representing **10.0%** of the Company's total issued shares[85](index=85&type=chunk) - The share option scheme will be valid and effective for **10 years** from the date of adoption[89](index=89&type=chunk) - The subscription price for share options will be determined by the Board and shall be at least the highest of the closing price on the Stock Exchange on the offer date, the average closing price for the five business days immediately preceding the offer date, or the nominal value of the shares[91](index=91&type=chunk)[93](index=93&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=23&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Listed%20Securities) For the year ended April 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - For the year ended April 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[97](index=97&type=chunk) [Events After Reporting Period](index=23&type=section&id=Events%20After%20Reporting%20Period) As of the date of this report, no significant events occurred after April 30, 2025 - As of the date of this report, no significant events occurred after April 30, 2025[98](index=98&type=chunk) [Public Float](index=23&type=section&id=Public%20Float) Based on publicly available information and the directors' knowledge, the Company's public float has complied with Listing Rule requirements (i.e., not less than 25%) from the listing date to the date of this report - From the listing date to the date of this report, the Company's public float has complied with Listing Rule requirements (i.e., not less than **25%**)[99](index=99&type=chunk) [Corporate Governance](index=23&type=section&id=Corporate%20Governance) The Company's principal corporate governance practices are outlined in the "Corporate Governance Report" section on pages 23 to 29 of this annual report - The Company's principal corporate governance practices are outlined in the "Corporate Governance Report" section on pages 23 to 29 of this annual report[100](index=100&type=chunk) [Auditor](index=23&type=section&id=Auditor) PricewaterhouseCoopers audited the consolidated financial statements for the year ended April 30, 2025, and will retire at the upcoming Annual General Meeting but are eligible for re-appointment - The consolidated financial statements for the year ended April 30, 2025, were audited by PricewaterhouseCoopers[101](index=101&type=chunk) - PricewaterhouseCoopers will retire at the upcoming Annual General Meeting but are eligible for re-appointment[101](index=101&type=chunk) [Corporate Governance Report](index=24&type=section&id=Corporate%20Governance%20Report) [Directors' Securities Transactions](index=24&type=section&id=Directors'%20Securities%20Transactions) The Company has adopted the Model Code, applicable to all directors and relevant employees, and confirms that all directors complied with the required standards throughout the year ended April 30, 2025 - The Company has adopted the Model Code, applicable to all directors and all relevant employees who have been informed of the provisions[104](index=104&type=chunk) - All directors have confirmed that they have complied with the required standards set out in the Model Code throughout the year ended April 30, 2025[104](index=104&type=chunk) [Board of Directors](index=24&type=section&id=Board%20of%20Directors) The Board comprises seven directors, including four executive and three independent non-executive directors, with clear separation of Chairman and CEO roles, ensuring independence of INEDs, and regular meetings to review financial statements and policies - The Board of Directors comprises **seven directors**: four executive directors and three independent non-executive directors[105](index=105&type=chunk) - The roles of Chairman and Chief Executive Officer are separate, held by Ms. Lo Siu Shan and Ms. Sin Lo Siu Wai, respectively[105](index=105&type=chunk) - The Board held one meeting during the year where the Chairman and independent non-executive directors met without the presence of other executive directors[105](index=105&type=chunk) - The Company believes that all independent non-executive directors have been independent from their respective appointment dates up to April 30, 2025[105](index=105&type=chunk) Board and Committee Meeting Attendance Record (FY2025) | Director Name | Board Meetings & General Meetings | Audit Committee Meetings | Remuneration Committee Meetings | Nomination Committee Meetings | | :------------ | :------------------------------ | :----------------------- | :------------------------------ | :---------------------------- | | Ms. Lo Siu Shan | 5/5 | 0/0 | 0/0 | 0/0 | | Ms. Sin Lo Siu Wai | 5/5 | 0/0 | 0/0 | 0/0 | | Mr. Lo Hung | 5/5 | 0/0 | 0/0 | 0/0 | | Ms. Leung Siu Lin | 5/5 | 0/0 | 0/0 | 0/0 | | Mr. Man Ka Ho | 5/5 | 3/3 | 1/1 | 1/1 | | Mr. Cheng Tsz Lung | 5/5 | 3/3 | 1/1 | 1/1 | | Mr. Sit Hon Wing | 5/5 | 3/3 | 1/1 | 1/1 | [Continuous Professional Development of Directors](index=25&type=section&id=Continuous%20Professional%20Development%20of%20Directors) All directors engage in continuous professional development to update their knowledge and skills, staying informed of the latest amendments to Listing Rules, Companies Ordinance, and Corporate Governance Code to effectively fulfill their duties - All directors participate in continuous professional development to develop and update their knowledge and skills, ensuring they contribute to the Board with comprehensive and relevant information[109](index=109&type=chunk) - Directors engage in continuous professional development by attending internal briefings, external seminars, and reading relevant materials[110](index=110&type=chunk) [Remuneration Committee](index=26&type=section&id=Remuneration%20Committee) The Remuneration Committee, composed of three independent non-executive directors and one executive director, is responsible for establishing a transparent remuneration policy, reviewing compensation for directors and senior management, and making recommendations on performance-linked remuneration - The Remuneration Committee comprises three independent non-executive directors (Mr. Cheng Tsz Lung, Mr. Man Ka Ho, Mr. Sit Hon Wing) and one executive director (Ms. Sin Lo Siu Wai), with Mr. Cheng Tsz Lung serving as Chairman[111](index=111&type=chunk) - Its primary responsibilities include formulating a transparent remuneration policy, reviewing the remuneration policy and structure for directors and senior management, reviewing performance-linked remuneration, and making other remuneration-related recommendations[111](index=111&type=chunk) - The Remuneration Committee held a meeting on July 29, 2025, to review the remuneration policy, share option scheme, and remuneration packages for executive directors and senior management[111](index=111&type=chunk) [Nomination Committee](index=26&type=section&id=Nomination%20Committee) The Nomination Committee, comprising three independent non-executive directors and one executive director, is responsible for regularly reviewing the Board's structure, size, and composition, identifying qualified candidates, and assessing the independence of independent non-executive directors - The Nomination Committee comprises three independent non-executive directors (Mr. Man Ka Ho, Mr. Cheng Tsz Lung, Mr. Sit Hon Wing) and one executive director (Ms. Sin Lo Siu Wai), with Mr. Man Ka Ho serving as Chairman[112](index=112&type=chunk) - Its primary responsibilities include regularly reviewing the Board's structure, size, and composition, making recommendations on director appointments and removals, identifying qualified candidates, and assessing the independence of independent non-executive directors[112](index=112&type=chunk) - The Nomination Committee held a meeting on July 29, 2025, to review the implementation and effectiveness of the Board Diversity Policy[112](index=112&type=chunk) [Board Diversity Policy](index=26&type=section&id=Board%20Diversity%20Policy) The Company adopted a Board Diversity Policy in 2017 to promote diversity among Board members by considering factors such as gender, age, cultural and educational background, and professional experience, to achieve strategic goals and sustainable development - The Company adopted a Board Diversity Policy in 2017 to promote diversity among Board members[113](index=113&type=chunk) - Factors considered include, but are not limited to, gender, age, cultural and educational background, race, professional experience, skills, industry knowledge, and length of service[113](index=113&type=chunk) - The Nomination Committee will review this policy and monitor its implementation from time to time[114](index=114&type=chunk) [Audit Committee](index=27&type=section&id=Audit%20Committee) The Audit Committee, composed of all three independent non-executive directors, is responsible for reviewing and overseeing the Group's financial reporting process, audit procedures, internal controls, and corporate governance, and performing corporate governance functions - The Audit Committee comprises all three independent non-executive directors (Mr. Sit Hon Wing, Mr. Man Ka Ho, and Mr. Cheng Tsz Lung), with Mr. Sit Hon Wing serving as Chairman[115](index=115&type=chunk) - Its primary responsibilities include reviewing and overseeing the Group's financial reporting process, audit procedures, internal controls, and corporate governance[115](index=115&type=chunk) - The Audit Committee held a meeting on July 29, 2025, to review this report, the Directors' Report, and the annual accounts, and to make recommendations to the Board[116](index=116&type=chunk) [Auditor's Remuneration](index=27&type=section&id=Auditor's%20Remuneration) For the year ended April 30, 2025, the Group paid approximately HKD 850,000 for audit services and HKD 134,000 for non-audit services to its auditor Auditor's Remuneration (Thousand HKD) | Service Type | 2025 | 2024 | | :----------- | :--- | :--- | | Audit Services | 850 | 1,100 | | Non-Audit Services | 134 | 282 | - Non-audit services primarily include interim review, tax compliance, internal control assessment, and ESG report consulting[117](index=117&type=chunk) [Risk Management and Internal Control](index=27&type=section&id=Risk%20Management%20and%20Internal%20Control) The Board oversees the implementation of risk management and internal control systems, engaging external consultants to review the internal control environment, deems the systems effective and adequate, and will continue to assess the need for an internal audit department - The Board is responsible for overseeing and ensuring the continuous implementation of sound and effective risk management and internal control systems to safeguard the Group's assets and shareholders' interests[118](index=118&type=chunk) - The Company engaged an external consulting firm to review the Group's internal control environment for the current year and assist in adopting and implementing an enterprise risk management system[120](index=120&type=chunk) - The Board considers the risk management and internal control systems to be effective and adequate, with no significant areas of concern[120](index=120&type=chunk) - The Group does not have an internal audit department, but the Board will continue to assess the need for one at least once a year[119](index=119&type=chunk) [Procedures and Internal Controls for Handling and Dissemination of Inside Information](index=28&type=section&id=Procedures%20and%20Internal%20Controls%20for%20Handling%20and%20Dissemination%20of%20Inside%20Information) The Company has implemented measures, including restricted access, confidentiality requirements, compliance with employment terms, and the Model Code, to prevent disclosure breaches and ensure strict confidentiality and timely disclosure of inside information - The Company has implemented measures to prevent disclosure breaches, including restricting access to information, requiring employees with inside information to maintain confidentiality, and ensuring all employees comply with confidential information handling terms and the Model Code[121](index=121&type=chunk)[125](index=125&type=chunk) - The Group complies with the requirements of the Securities and Futures Ordinance and the Listing Rules, disclosing inside information as soon as reasonably practicable and ensuring strict confidentiality before full disclosure[121](index=121&type=chunk) [Directors' Responsibility Statement](index=28&type=section&id=Directors'%20Responsibility%20Statement) Directors confirm their responsibility to prepare the Group's financial statements in accordance with statutory requirements and applicable accounting standards, and to timely publish annual and interim results - Directors confirm their responsibility to prepare the Group's financial statements in accordance with statutory requirements and applicable accounting standards[122](index=122&type=chunk) - The Group publishes its annual and interim results in a timely manner[122](index=122&type=chunk) [Company Secretary](index=28&type=section&id=Company%20Secretary) Mr. Cheung Ka Cheong serves as the Company Secretary, responsible for corporate secretarial matters and assisting directors in complying with internal control measures, and has met the Listing Rule's professional training requirements - Mr. Cheung Ka Cheong is the Company Secretary, responsible for the Group's corporate secretarial matters and assisting directors in implementing and continuously complying with the Group's internal control measures[123](index=123&type=chunk) - For the year ended April 30, 2025, Mr. Cheung complied with Listing Rule 3.29 and received no less than **15 hours** of relevant professional training[124](index=124&type=chunk) [Communication with Shareholders](index=29&type=section&id=Communication%20with%20Shareholders) The Company values Annual General Meetings, requiring the Chairman and all directors to attend if possible, and enhances minority shareholder rights through independent resolutions and publishing voting results on the company and HKEX websites - The Company considers Annual General Meetings very important, and the Chairman and all directors are required to attend whenever possible[126](index=126&type=chunk) - All resolutions proposed for shareholders' vote at general meetings will be passed by poll, and voting results will be published on the Company's website and the Stock Exchange's website on the day of the meeting[126](index=126&type=chunk) - The Company's corporate communications include interim reports, annual reports, announcements, and circulars required by the Listing Rules to be published on the Company's website and the Stock Exchange's website[126](index=126&type%20chunk) [Shareholders' Rights](index=29&type=section&id=Shareholders'%20Rights) The Company has established a shareholder communication policy to provide relevant information for informed exercise of rights, outlining procedures for convening extraordinary general meetings, submitting inquiries to the Board, and nominating directors - The Company has a shareholder communication policy to provide shareholders with relevant information, enabling them to exercise their rights in an informed manner[127](index=127&type=chunk) - Shareholders may submit a written request to the Company Secretary to convene an extraordinary general meeting, requiring at least **10%** of the Company's paid-up share capital[128](index=128&type=chunk) - Shareholders may mail inquiries to the Company's principal place of business in Hong Kong or email geninfo@kiddieland.com.hk[129](index=129&type=chunk) - Shareholders intending to nominate candidates for directorship must submit written notice and consent to the Company's Hong Kong share registrar[130](index=130&type=chunk) - Written notice for shareholders to propose resolutions must be submitted to the Company's principal place of business in Hong Kong, with sufficient notice period[131](index=131&type=chunk) [Constitutional Documents](index=30&type=section&id=Constitutional%20Documents) The Company's adopted constitutional documents (including the third amended and restated memorandum and articles of association) became effective on January 15, 2024 - The Company adopted constitutional documents (including the third amended and restated memorandum and articles of association), which became effective on January 15, 2024[132](index=132&type=chunk) [Environmental, Social and Governance Report](index=31&type=section&id=Environmental,%20Social%20and%20Governance%20Report) [About This Report](index=31&type=section&id=About%20This%20Report) This report outlines the Group's ESG policies, measures, and performance from May 1, 2024, to April 30, 2025, prepared in accordance with Appendix C2 of the Listing Rules' ESG Reporting Guide, adhering to materiality, quantification, balance, and consistency principles - This report describes the Group's overall performance regarding environmental and social aspects from May 1, 2024, to April 30, 2025 ("Reporting Period")[135](index=135&type=chunk) - The report discloses the policies and initiatives of the Group's core and significant business units in China (including production plants) and Hong Kong office operations[136](index=136&type=chunk) - This report is prepared in accordance with the Environmental, Social and Governance Reporting Guide set out in Appendix C2 of the Listing Rules, and is based on the four reporting principles: materiality, quantification, balance, and consistency[137](index=137&type=chunk)[138](index=138&type=chunk)[139](index=139&type=chunk) [Board Statement](index=32&type=section&id=Board%20Statement) The Board reaffirms the Group's commitment to environmentally and socially responsible operations, integrating sustainability into business strategy, and has established cross-departmental ESG working groups and committees to achieve long-term emission reduction targets and a carbon-neutral vision - The Board is committed to operating in an environmentally and socially responsible manner, integrating sustainable development into its business strategy planning[143](index=143&type=chunk) - The Group has established cross-departmental ESG working groups and an ESG committee to coordinate different departments, enhance cooperation, and ensure consistent performance[143](index=143&type=chunk) - The Group has formulated clear short-term and long-term sustainable development visions and goals, aiming to reduce greenhouse gas emissions by **50% by 2030** and achieve carbon neutrality by **2060**[143](index=143&type=chunk) [ESG Governance Structure](index=32&type=section&id=ESG%20Governance%20Structure) The Board is fully responsible for the Group's ESG strategy and reporting, and with the assistance of the ESG Working Group and ESG Committee, assesses and defines ESG-related risks, ensuring effective risk management and internal control systems - The Board is fully responsible for the Group's ESG strategy and reporting, ensuring alignment with long-term development and positioning[145](index=145&type=chunk) - The ESG Working Group and ESG Committee comprise senior management and core members from various departments, responsible for daily planning and implementation of the Group's ESG matters[145](index=145&type=chunk) - The Board regularly reviews the Group's ESG performance, and reviews and approves the Group's annual ESG report[146](index=146&type=chunk) [Stakeholder Engagement](index=33&type=section&id=Stakeholder%20Engagement) The Group communicates with stakeholders such as shareholders, investors, employees, customers, suppliers, and the community through various channels to gather feedback and develop sustainable strategies that meet their needs and expectations - Stakeholder feedback lays a solid foundation for the Group's sustainable development and success, helping to formulate business strategies that meet their needs[147](index=147&type=chunk) - The Group communicates with stakeholders through various channels, including annual reports, interim reports, ESG reports, general meetings, company websites, training, meetings, customer satisfaction surveys, site visits, and community activities[148](index=148&type=chunk) [Materiality Assessment](index=34&type=section&id=Materiality%20Assessment) The Group identifies and prioritizes material ESG issues through stakeholder engagement and online surveys, based on their importance to stakeholders and the business, to formulate sustainable development strategies - The Group conducted stakeholder engagement activities with internal and external stakeholders through online surveys and developed a materiality assessment matrix based on the results[149](index=149&type=chunk) - The materiality assessment considers the impact of issues on stakeholders and the business, with issues in the upper right quadrant having relatively higher importance[149](index=149&type=chunk)[150](index=150&type=chunk)[151](index=151&type=chunk) - Material issues include atmospheric pollutant emissions, greenhouse gas emissions, wastewater management, waste management, energy efficiency, water efficiency, material consumption, compliance with environmental regulations, climate change, employment practices, diversity and equal opportunity, anti-discrimination, occupational health and safety, development and training, child and forced labor, responsible supply chain management, environmental friendliness of procured products and services, compliance with marketing, product and service labeling regulations, customer privacy and confidentiality, customer satisfaction, intellectual property, product safety, product quality, business ethics, anti-corruption training for management and employees, social contribution, and local community engagement[152](index=152&type=chunk) [Environmental Aspects](index=35&type=section&id=Environmental%20Aspects) The Group is committed to environmental protection, establishing environmental management manuals and systems, strictly complying with relevant laws and regulations, and actively implementing emission reduction, energy saving, water conservation, and waste management measures to address climate change challenges - The Group is dedicated to protecting the Earth and conserving natural resources for future generations, and fully understands that its operations may impact the environment, actively striving to reduce its footprint[153](index=153&type=chunk) - The Group strictly complies with relevant environmental laws and regulations, including the Environmental Protection Law of the People's Republic of China, the Law on the Prevention and Control of Atmospheric Pollution, and the Law on the Prevention and Control of Environmental Pollution by Solid Waste[153](index=153&type=chunk) - The Group has established an environmental management system and appointed an "Environmental Management Working Group" to oversee all environmental-related matters, with objectives including regulatory compliance, pollution prevention, promoting clean production, and creating a harmonious environment[154](index=154&type=chunk)[157](index=157&type=chunk) - The Group ceased toy production at its factory and outsourced toy production in fiscal year 2024, with the smart laboratory equipment business primarily involving woodworking[155](index=155&type=chunk) [Emissions](index=36&type=section&id=Emissions) The Group has implemented measures to control atmospheric pollutant emissions and reduce greenhouse gas emissions, while managing waste using "reduce, reuse, and recycle" principles and complying with wastewater discharge permits - The Group has implemented measures to ensure atmospheric pollutant emissions comply with GB16297–1996 Class II regulations, and regularly maintains equipment and inspects cutting machine blades to reduce emissions[156](index=156&type=chunk) - For the year ended April 30, 2025, the total atmospheric emissions of various pollutants (including sulfur oxides, nitrogen oxides, suspended particulates, benzene, toluene, xylene, and total volatile organic compounds) were **0 tonnes**, primarily due to the cessation of production at the factory and outsourcing of toy production[158](index=158&type=chunk) - To reduce greenhouse gas emissions, the Group is committed to reducing energy consumption, regularly maintaining air conditioners, prioritizing the purchase of non-fluorinated refrigerant air conditioners, and selecting new air conditioners with China's Class 1 energy efficiency label[159](index=159&type=chunk) Greenhouse Gas Emissions (Tonnes CO2e) | GHG Emissions | 2025 | 2024 | | :------------ | :----- | :----- | | Scope 1 | 0.00 | 0.00 | | Scope 2 | 104.43 | 125.64 | | **Total** | **104.43** | **125.64** | | Intensity (per unit of production) | 0.0007 | 0.0011 | - The Group adopts "reduce, reuse, and recycle" as its waste management principle and engages qualified waste disposal companies for the transportation, treatment, storage, disposal, or recycling of hazardous and controlled waste[161](index=161&type=chunk) - During the reporting period, the total amount of non-hazardous waste generated was **1 tonne**, primarily domestic waste, and data collection procedures for non-hazardous waste have been reinstated[163](index=163&type=chunk) - The Group obtained a wastewater discharge permit in China in accordance with local regulations; for the year ended April 30, 2025, no wastewater was treated or discharged due to the cessation of toy production at the factory[164](index=164&type=chunk) [Resource Usage](index=39&type=section&id=Resource%20Usage) The Group is committed to resource conservation, significantly reducing energy and water consumption through energy management systems and conservation plans, and implementing measures to reduce packaging material consumption - The Group has established an energy management system to monitor and manage resource usage, aiming to reduce operating costs and carbon footprint[165](index=165&type=chunk) - Energy-saving measures include regular machine maintenance, enhancing employee energy-saving awareness, improving production processes and management, and strengthening energy management[166](index=166&type=chunk) Energy Consumption (MWh) | Energy Consumption Category | 2025 | 2024 | | :------------------------ | :----- | :----- | | Direct Consumption | 0.00 | 0.00 | | Indirect Consumption (Electricity) | 231.83 | 290.44 | | **Total** | **231.83** | **290.44** | | Intensity (per unit of production) | 0.0015 | 0.0025 | - Total energy consumption decreased by approximately **20.2%** compared to last year, mainly due to the Group's relocation to a smaller office in October 2024[167](index=167&type=chunk) Water Consumption (Cubic Meters) | Water Consumption | 2025 | 2024 | | :---------------- | :------- | :------- | | **Total** | **2,350.00** | **3,179.00** | | Intensity (per unit of production) | 0.0152 | 0.0274 | - Total water consumption and its intensity decreased by approximately **26.1%** and **44.5%**, respectively, mainly due to the relocation to a smaller office[167](index=167&type=chunk) Packaging Material Consumption (Tonnes) | Packaging Material | 2025 | 2024 | | :----------------- | :---- | :---- | | Cartons | 23.00 | 28.97 | | **Total** | **23.00** | **28.97** | | Intensity (per unit of production) | 0.0001 | 0.0002 | - The Group has implemented measures to reduce packaging material consumption, including increasing the packaging-to-product ratio, using environmentally friendly packaging materials, and minimizing the use of cartons and containers in logistics[170](index=170&type=chunk) [Environment and Natural Resources](index=41&type=section&id=Environment%20and%20Natural%20Resources) The Group highly values the impact of its operations on the environment and natural resources, has established "Environmental Protection Management Regulations" and related procedures to strengthen management, reduce pollution risks, and actively promote paper-saving measures in offices - The Group's significant impacts on the environment and natural resources include wastewater discharge, water resources, energy consumption, and packaging materials[171](index=171&type=chunk) - "Environmental Protection Management Regulations" and related procedures have been established to reduce the risk of soil and groundwater pollution, including strict control of chemical storage, regular maintenance of discharge systems, and emergency response training[171](index=171&type=chunk)[174](index=174&type=chunk) - During the reporting period, the Group's expenses for waste management and pollution prevention were approximately **RMB 16,000**[172](index=172&type=chunk) - The Group is committed to reducing office paper consumption, encouraging the reuse of blank sides of paper, and recycling used paper[172](

Company Overview - Tongyuan International (03830.HK) is primarily engaged in the manufacturing and sales of toys, operating through two main divisions: outdoor sports toys and infant/preschool toys [3]. Financial Performance - As of April 30, 2025, Tongyuan International reported total revenue of 183 million yuan, a year-on-year decrease of 8.5% [2]. - The company recorded a net profit attributable to shareholders of -6.483 million yuan, reflecting a year-on-year increase of 4.81% [2]. - The gross profit margin stood at 14.94%, with a debt-to-asset ratio of 65.78% [2]. Stock Performance - Over the past month, Tongyuan International has experienced a cumulative decline of 4.48%, while year-to-date, it has seen a significant increase of 146.15%, outperforming the Hang Seng Index by 25.45% [2]. - As of the latest trading session, the stock closed at 0.07 HKD per share, marking a rise of 9.38% with a trading volume of 5,000 shares and a turnover of 370 HKD [1]. Valuation Metrics - Currently, there are no institutional investment ratings for Tongyuan International [3]. - The company's price-to-earnings (P/E) ratio is -9.16, ranking 59th in its industry, while the average P/E ratio for the household appliances and goods sector is 13.75 [3]. - Comparatively, other companies in the same sector have P/E ratios ranging from 1.56 to 4.01 [3].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 童園國際有限公司 （於開曼群島註冊成立的有限公司） 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 截至月份: 2025年7月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03830 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 HKD | | 1,000,000,000 ...

Core Viewpoint - Tongyuan International (03830) reported a decrease in revenue and a net loss for the fiscal year ending April 30, 2025, indicating ongoing financial challenges for the company [1] Financial Performance - The company recorded revenue of HKD 197 million, representing a year-on-year decrease of 8.5% [1] - The loss attributable to shareholders was HKD 6.985 million, a reduction of 4.81% compared to the previous year [1] - Basic loss per share was HKD 0.07 [1] Cost Management - The reduction in net loss was attributed to a significant decrease in administrative expenses, although this was partially offset by a decline in revenue [1] - Increased manufacturing costs were noted, contributing to the overall financial performance [1] - The termination of deferred tax assets related to laboratory equipment business led to increased tax expenses [1]

Core Viewpoint - Tongyuan International (03830) reported a decrease in revenue and a net loss for the fiscal year ending April 30, 2025, indicating financial challenges faced by the company [1] Financial Performance - The company generated revenue of HKD 197 million, representing a year-on-year decrease of 8.5% [1] - The loss attributable to owners amounted to HKD 6.985 million, which is a reduction of 4.81% compared to the previous year [1] - Basic loss per share was reported at HKD 0.07 [1] Cost and Expense Analysis - The reduction in net loss was primarily due to a significant decrease in administrative expenses, although this was partially offset by a decline in revenue [1] - Manufacturing costs increased during the reporting period [1] - The termination of deferred tax assets related to laboratory equipment business led to an increase in tax expenses [1]

格隆汇7月29日丨童园国际(03830.HK)公告，集团截至2025年4月30日止年度的收益约为196.9百万港 元，较去年减少8.5%。年度集团录得公司拥有人应占亏损净额约7.0百万港元（2024年：7.3百万港 元）。集团于本年度录得的亏损净额减少乃由于行政开支大幅减少，但部分被(i)收益减少；(ii)制造费 用增加；及(iii)终止确认实验室设备业务递延税项资产导致税项开支增加所抵销。 ...

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 佈 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 就 因 本 公 佈 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kiddieland International Limited 童園國際有限公司 （股份代號：3830） （於開曼群島註冊成立的有限公司） 截 至 二 零 二 五 年 四 月 三 十 日 止 年 度 的 全 年 業 績 公 佈 全 年 業 績 童 園 國 際 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）謹 此 公 佈，本 公 司 及 其 附 屬 公 司（統 稱「本 集 團」）截 至 二 零 二 五 年 四 月 三 十 日 止 年 度 的 全 年 業 績 連 同 上 一 年 度 的 比 較 數 字 如 下： – 1 – 綜 合 全 面 收 益 表 | | | | | | | | | | | | | | | | 截 至 四 月 三 十 日 止 年 度 二 零 二 ...

Kiddieland International Limited 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 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 董 事 會 會 議 日 期 童園國際有限公司（「本公司」）的董事會（「董事會」）謹此宣佈， 本公司將於二零二五年七月二十九日（星期二）舉行董事會會議（其中包 括）考慮及批准刊發本公司及其附屬公司截至二零二五年四月三十日止年 度之經審核綜合財務業績以供發佈，以及考慮派發末期股息之建議（如 有）。 承 董 事 會 命 童 園 國 際 有 限 公 司 主 席 盧 紹 珊 香港，二零二五年七月十七日 於 本 公 告 日 期，本 公 司 董 事 會 成 員 包 括 執 行 董 事 盧 紹 珊 女 士、冼 盧 紹 慧 女 士、 盧 鴻 先 生 及 梁 小 蓮 女 士；及 ...

Group 1 - As of July 4, 96 stocks reached a 52-week high, with Tongyuan International (03830), ITE HOLDINGS (08092), and China National Cultural Industry (00745) leading the high rate at 36.07%, 25.49%, and 25.00% respectively [1] - The top three stocks by closing price that reached a 52-week high are Tongyuan International at 0.078, ITE HOLDINGS at 0.052, and China National Cultural Industry at 0.300 [1] - Other notable stocks that reached a 52-week high include Nippon Kyoei (00627) at 21.54% and Sanofi (02257) at 21.50% [1] Group 2 - The 52-week low rankings show that Health Road (02587) had the largest decline at -18.31%, followed by Rongda Technology (09881) at -12.43% [3] - Other stocks that reached a 52-week low include New Stone Culture (01740) at -8.62% and Emperor Entertainment Hotel (00296) at -5.00% [3] - The list of stocks with significant declines also includes Qiyi Technology (01739) at -3.38% and Huanying Media (01003) at -2.86% [3]

Company Overview - Tongyuan International (03830.HK) is primarily engaged in the manufacturing and sales of toys, operating through two main departments: outdoor sports toys and infant/preschool toys [2]. Financial Performance - As of October 31, 2024, Tongyuan International reported total revenue of 125 million yuan, a year-on-year decrease of 8.46% [2]. - The company achieved a net profit attributable to shareholders of 5.0833 million yuan, reflecting a year-on-year increase of 22.95% [2]. - The gross profit margin stands at 17.38%, with a debt-to-asset ratio of 50.19% [2]. Stock Performance - Over the past month, Tongyuan International has seen a cumulative increase of 17.39%, and a year-to-date increase of 107.69%, outperforming the Hang Seng Index's increase of 20.75% [2]. - The stock closed at 0.06 HKD per share on July 3, with a trading volume of 4.875 million shares and a turnover of 288,900 HKD, showing a volatility of 5.56% [1]. Valuation Metrics - The current price-to-earnings (P/E) ratio for Tongyuan International is -8.57, ranking 60th in its industry [2]. - The average P/E ratio for the household appliances and goods industry is 12.14, with a median of 2.65 [2]. - Comparatively, other companies in the industry have P/E ratios of 1.55 for Lian International (09918.HK), 1.63 for Kaifushan Group Holdings (08512.HK), and 3.68 for Shengnuo Group (01418.HK) [2].