致丰工业电子2023 年报

2023Annual Report To be a manufacturer of world-classstandard in power electronics bligation to stakeholders orld class standards & quality E 4.0 1i Founded in 1983, Trio Industrial Electronics Group Limited (the“Company”)and its subsidiaries(collectively,the“Group”)isan electronics manufacturing services(“EMS”)providerspecialisingin the manufacturing and sales of customisedindustrialelectronic components and products,with officesinHong Kong,Republic of Ireland(“Ireland”)and Thailand,and production facilities in the People’s Republic of China (the“PRC”), Ireland and Thailand. The Group’s principal subsidiary,TrioEngineering Company Limited(“Trio Engineering”),isthe first industrial electronics provider in Hong Kong to haveobtained Industry 4.0 level 1i certification. (i)(ii)(iii)(iv) “Poweringthe eWorld”is the Group’s corporate vision.Weprovidecustomised engineering and contract manufacturingservices for a broad range of industries. For highly complexrequirements,we offer advanced solutions and provide newproductsthat meet diversified business needs.Our productlines include: (i) electro-mechanical products; (ii) switch-modepowersupplies;(iii)smart chargers;and(iv)smart vendingsystems. Our products are widely applied in various industrialandcommercial areas,such as renewable energy facilities,telecommunication equipment, commercial freight equipment,medicaland healthcare devices,leisure and entertainmentproducts, security and access systems, etc. CORPORATE INFORMATION EXECUTIVE DIRECTORS Joseph Mac Carthy Mr. Wong Sze Chai (Chairman)Mr. Tai Leung LamMr. Joseph Mac CarthyMr. Lo Ka Kei JunMr. Lai Yiu Wah (resigned on 31 January 2023) NON-EXECUTIVE DIRECTOR INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Fung Chun ChungMr. Hau Siu LaamMs. Law Ying Wai Denise CHIEF EXECUTIVE OFFICER Mr. Kwan Chan Kwong AUDIT COMMITTEE Ms. Law Ying Wai Denise (Chairperson)Mr. Fung Chun ChungMr. Hau Siu Laam REMUNERATION COMMITTEE Mr. Hau Siu Laam (Chairman)Mr. Fung Chun ChungMs. Law Ying Wai DeniseMr. Kwan Tak Sum StanleyMr. Wong Sze Chai (appointed on 31 January 2023)Mr. Lai Yiu Wah (resigned on 31 January 2023) NOMINATION COMMITTEE Mr. Fung Chun Chung (Chairman)Mr. Hau Siu LaamMs. Law Ying Wai DeniseMr. Tai Leung LamMr. Wong Sze Chai (appointed on 31 January 2023)Mr. Lai Yiu Wah (resigned on 31 January 2023) RISK MANAGEMENT COMMITTEE Mr. Wong Sze Chai (Chairman)(appointed on 31 January 2023)Mr. Fung Chun ChungMs. Law Ying Wai DeniseMr. Lai Yiu Wah (resigned on 31 January 2023) COMPANY SECRETARY Mr. Cheung Yu Man AUTHORISED REPRESENTATIVES Mr. Wong Sze Chai (appointed on 31 January 2023)Mr. Tai Leung LamMr. Lai Yiu Wah (resigned on 31 January 2023) AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd Floor Prince’s BuildingCentral, Hong Kong PRINCIPAL BANKERS DBS Bank (Hong Kong) LimitedHongkong and Shanghai Banking Corporation LimitedStandard Chartered Bank (Hong Kong) Limited LEGAL ADVISOR Howse Williams INFORMATION FOR OUR INVESTORS FINANCIAL CALENDAR 31 December 202312 April 202430 April 2024 Financial year endAnnouncement of annual resultsAnnual report and sustainability report available online•Company website: http://www.trio-ieg.com (“Investor Relations” section)•Hong Kong Stock Exchange website: www.hkexnews.hkAnnual report dispatch dateAnnual general meeting 30 April 202428 May 2024 SHARE INFORMATION 17104,000 sharesHK$240 million Stock codeBoard lotMarket capitalisation as at 31 December 2023 SHARE REGISTRAR Tricor Investor Services LimitedAddress:17/F, Far East Finance Centre, 16 Harcourt Road, Hong KongTelephone:(852) 2980 1333Facsimile:(852) 2810 8185Email:is-enquiries@hk.tricorglobal.com •http://www.trio-ieg.com•www.hkexnews.hk 17104,000240,000,000 1617(852) 2980 1333(852) 2810 8185is-enquiries@hk.tricorglobal.com Sales by region for the yearsended 31 December 2023 and 2022 (1)“Salesper capita”represents average sales per person,which iscalculated by dividing total sales for a particular period by the number ofemployees in the same period. CHAIRMAN’S STATEMENT Onbehalf of the board(the“Board”)of directors(the“Directors”) of Trio Industrial Electronics Group Limited (the“Company”),and its subsidiaries(together,the“Group”or“Trio Group”),I am pleased to present to you the annualreport of the Company for the year ended 31 December 2023(“FY2023”). TrioGroup,a leading provider of electronics manufacturingservices,specialises in production and sales of customisedindustrialelectronic components and products.With aremarkable track record spanning over four decades, we haveestablished ourselves as a trusted market leader through ourunwaveringcommitment to excellence.In 2023,Trio Groupwas honoured with the prestigious title of “Most OutstandingIndustrial Electronics Manufacturer of the Year” by Hong KongCommercialTimes,further solidifying our contributions andaccomplishments as a success story in Hong Kong’s industrialdevelopme