VTECH HOLDINGS(00303) - 2022 - 年度财报

Financial Performance - The group's revenue for the fiscal year ended March 31, 2022, slightly decreased by 0.1% to $2,370.5 million from$2,372.3 million in the previous fiscal year[9]. - The profit attributable to shareholders dropped by 25.2% to $172.7 million, primarily due to significant cost increases leading to a decline in gross profit[9]. - The gross profit margin for the fiscal year was 28.2$203.8 million from $266.2 million in the previous fiscal year[5]. - The group's cash generated from operations was$181.8 million, a decrease of 41.5% compared to $310.9 million in the previous fiscal year[5]. - Gross profit for the fiscal year was$669.1 million, a decrease of $57.5 million or 7.9$172.7 million, a decrease of $58.2 million or 25.2$0.17 per share and proposed a final dividend of $0.51 per share, totaling$0.68 for the fiscal year, down from $0.91 in the previous year[26]. - The dividend payout ratio for the fiscal year 2022 was maintained at 99.4$1 billion in the fiscal year 2022[12]. - The sales of independent products accounted for 84% of total electronic learning product sales, up from 82% in the previous fiscal year[13]. - The telecommunications product segment saw growth in commercial phones and other telecom products, with their revenue percentage increasing from 49% to 59% of total telecom product revenue[13]. - Despite challenges, the company maintained its leading position in the U.S. baby monitor market, supported by strong demand for infant and preschool products[13]. - The company successfully launched the new product series Marble Rush™, which won multiple awards and generated additional revenue[13]. Supply Chain and Operational Challenges - The company faced production and supply chain disruptions due to the COVID-19 pandemic, along with increased costs from global material and shipping container shortages[8]. - Gross margin decreased significantly due to unprecedented increases in shipping costs caused by global container shortages, along with higher direct labor costs and production expenses compared to the previous fiscal year[12]. - Semiconductor shortages negatively impacted sales of children's educational tablets, while the LeapFrog Academy™ subscription volume also declined due to supply issues[13]. - The company took measures to mitigate supply chain disruptions, including redesigning products to reduce costs and increasing inventory of key components[12]. Sustainability Initiatives - The company launched its first eco-friendly electronic learning product line, utilizing plant-based plastics, recycled plastics, and FSC-certified wood[14]. - Over 94% of the packaging materials for electronic learning products are recyclable, with approximately 85% made from recycled materials[14]. - The company has established a five-year sustainability plan, "Sustainability Plan 2025," with measurable objectives and targets for each fiscal year from 2021 to 2025[80]. - The company aims to use more sustainable materials in product manufacturing and adopt environmentally friendly transportation methods in supply chain management[80]. - The company has implemented various green manufacturing and sustainable supply chain initiatives to address climate change[91]. Corporate Governance - The company has maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange, with a commitment to transparency and accountability[85]. - The board of directors has adopted an organized procedure for performance evaluation every two years since 2017, focusing on the effectiveness and contributions of the board members[107]. - The company has established a risk management committee in 2002, which was renamed the Risk Management and Sustainability Committee in May 2013, to oversee risk management and sustainability strategies[88]. - The board consists of three executive directors, one non-executive director, and four independent non-executive directors, ensuring a diverse skill set and experience[99]. Community Engagement and Social Responsibility - The company actively promotes a culture of accountability and community service, focusing on supporting those in need[170]. - The company donated over 4,400 electronic learning toys to children in need as part of its collaboration with Save the Children[170]. - The company contributed over $193,000 to charitable activities in the fiscal year 2022, receiving multiple awards for its corporate social responsibility efforts[170]. - Over 2,600 volunteers were recruited, contributing more than 21,000 hours of community service in the fiscal year 2022[170]. Future Outlook - The company anticipates moderate revenue growth for electronic learning products in the fiscal year 2023, driven by a strong product portfolio and improved inventory management[15]. - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12% driven by new product launches and market expansion strategies[185]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[185].