锐信控股2024 中期报告

(Stock Code01399) CONTENT 2Corporate Information5Financial Highlights6Management Discussion and Analysis21Report on Review of Interim FinancialInformation23Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income26Condensed Consolidated Statement ofFinancial Position29Condensed Consolidated Statement ofChanges in Equity30Condensed Consolidated Statement ofCash Flows32Notes to the Interim CondensedConsolidated Financial Statements60Other Information 銳信控股有限公司VESON HOLDINGS LIMITEDINTERIM R EPORT中期報告2024 CORPORATE INFORMATION公司資料 REGISTERED OFFICE Conyers Trust Company (Cayman)LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Conyers Trust Company (Cayman)LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN THE PRC 98 SCUD Industrial ParkFuzhou Pilot Free Trade ZoneNo. 98 Jiangbin East AvenueMawei District, FuzhouFujian Province, PRC PLACE OF BUSINESS IN HONG KONG 77101017 Room 1017, 10/F Leighton Centre77 Leighton RoadCauseway Bay, Hong Kong BOARD OF DIRECTORS Executive DirectorsFeng Ming Zhu (Chairman)Lian Xiu Qin (Chief Executive Officer)Ni Chen Hui Non-Executive DirectorLoke Yu Independent Non-Executive DirectorsHeng Ja Wei VictorLam Yau YiuCheung Wai Kwok Gary (FCCACPA) COMPANY SECRETARYYeung Mun Tai (FCCA, CPA) AUTHORISED REPRESENTATIVES Feng Ming ZhuYeung Mun Tai LEGAL ADVISER 1817 Reed Smith Richards Butler LLP17th Floor, One Island EastTaikoo Place18 Westlands Road, Quarry BayHong Kong INDEPENDENT AUDITOR 11125 BDO LimitedCertified Public AccountantsRegistered Public InterestEntity Auditors25th Floor, Wing On Centre111 Connaught Road, CentralHong Kong AUDIT COMMITTEE Heng Ja Wei Victor (Chairman)Lam Yau YiuCheung Wai Kwok Gary REMUNERATION COMMITTEE Heng Ja Wei Victor (Chairman)Lam Yau YiuCheung Wai Kwok Gary 銳信控股有限公司VESON HOLDINGS LIMITEDINTERIM R EPORT中期報告2024 CORPORATE INFORMATION公司資料 NOMINATION COMMITTEE Cheung Wai Kwok Gary (Chairman)Heng Ja Wei VictorLam Yau Yiu CORPORATE GOVERNANCE COMMITTEE Lam Yau Yiu (Chairman)Heng Ja Wei VictorCheung Wai Kwok GaryLoke YuFeng Ming ZhuNi Chen Hui PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2ABlock 3, Building DP.O. Box 1586Gardenia CourtCamana BayGrand Cayman, KY1-1100Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS The Export-Import Bank of ChinaBank of CommunicationsFujian Haixia BankChina Merchants BankBank of ChinaICBC WEBSITE www.vesonhldg.com www.vesonhldg.com MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 OVERVIEW ODMODM VesonHoldings Limited(“Veson”or the“Company”,together with its subsidiaries,the“Group”),with its focus on the R&D andapplication of lithium-ion batteries, is a leadingprovider of lithium power solution for consumerelectronics and smart hardware products and aleading manufacturer of lithium-ion battery modulepackaging and integration in the PRC. The currentoperations of the Group mainly comprise its ODMbusiness and bare battery cell business, mainlysupplying lithium-ion batteries to manufacturersof well-known telecommunication brands at homeand abroad. The products sold by ODM businessmainlyinclude mobile phone batteries,tabletbatteries, notebook batteries and power banks,etc. As the proportion of battery shipments foremerging consumer electronics products shows arising trend, the Group is adjusting its developmentstrategy to respond to market changes by activelyexploring new power supply product markets,including wearable device batteries, car batteriesandother types of backup batteries,and iscommittedto providing customers with morediversified professional module business. INDUSTRY REVIEW IDC20246.5%2.854IDC(AI)IDC20244%12.120252.3% According to a report released by IDC, a marketresearch agency, in the second quarter of 2024,global smartphone shipments increased by 6.5%year on year to approximately 285.4 million units,realising growth for four consecutive quarters. IDCbelieves that the two key factors driving the overallmarket recovery are the device update cycle andthe growth of demand from emerging markets,andsmartphones equipped with generativeartificial intelligence (AI) functions will also drive themarket growth in the future. IDC expects globalsmartphone shipments to increase by 4% year onyear to approximately 1.21 billion units in 2024. MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 2.3% The economy will continue to recover at a growthrate of 2.3% in 2025, followed by low single-digitgrowth for the rest of the forecast period, a five-year compound annual growth rate is expectedto be 2.3%. 2024AIAIAIAI Based on the growth data in the second quarterof 2024, the