黛丽斯国际年报2024

ABOUT TOP FORM關於黛麗斯 3336,700 Top Form International Limited (the “Company”) is a full-servicedesign and supply chain partner to global brands and retailers ofwomen apparel and activewear listed on the Main Board of theStock Exchange of Hong Kong Limited (the “Stock Exchange”)(Stock Code: 333). The Company and its principal subsidiaries(collectively “Top Form” or the “Group”) employs over 6,700employees across Mainland China, Thailand, Indonesia and SriLanka, with our headquarters in Hong Kong. We provide end-to-end service, ranging from design anddevelopment, supply chain management to manufacturingo f f i n i s h e d g a r m e n t s . C u s t o m e r s i n c l u d e m a n y o f t h eworld’s leading brands and retailers, who trust us to deliveruncompromising quality in every product we make. VISION 願景 To be a leading international apparel partner, from ideationto delivery, driven by innovation and insights, and built uponsustainable forward-thinking operations. MISSION 使命 We strive to make a lasting positive impact through our choicesand actions, our relationships and the quality work we do. 核心價值 VALUES Integrity“Can Do” AttitudeAccountabilityCourageCurious & CreativeCare & RespectCollaborative FINANCIAL HIGHLIGHTS3FIVE YEAR FINANCIAL SUMMARY4CHAIRMAN’S STATEMENT5CEO MESSAGE7MANAGEMENT DISCUSSION AND ANALYSIS12BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT17DIRECTORS’ REPORT23CORPORATE GOVERNANCE REPORT43INDEPENDENT AUDITOR’S REPORT63CONSOLIDATED STATEMENT OF PROFIT OR LOSS71CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME72CONSOLIDATED STATEMENT OF FINANCIAL POSITION73CONSOLIDATED STATEMENT OF CHANGES IN EQUITY75CONSOLIDATED STATEMENT OF CASH FLOWS77NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS79SUMMARY OF GROUP PROPERTIES181CORPORATE INFORMATION183 FIVE YEAR FINANCIAL SUMMARY五年財務摘要 (Expressed in Hong Kong dollars) （以 港 元 列 示） CHAIRMAN’S STATEMENT主席報告 Dear Shareholders, Fiscal Year 2024 marked a year of gradual recovery from theinventory gluts in the United States (the “U.S.”), particularly indiscretionary goods. However, we recognize that the near-termeconomic outlook remains uncertain. Elevated interest rateshave continued to pressure both consumer spending andbusiness investment, while geopolitical tensions have furtherdampened economic confidence and activity. That said, withthe beginning of rate-cutting cycle and possible further interestrate cuts in the coming months, we anticipate some economicstimulus that may provide relief. 12.2%1,1301.5 Amid these challenges, I am pleased to report that the Group’srevenue increased by 12.2% to HK$1,130 million for the yearended 30 June 2024, with a profit after tax of HK$1.5 million.These results reflect our team’s resilience and ability to adaptto evolving market conditions while enhancing operationalefficiency. Our commitment to our long-term strategy remains unwavering.Top Form continues to prioritize best-in-class service, drivinginnovation, and nurturing lasting partnerships with ourcustomers. We are equally dedicated to investing in our people– the foundation of our success. Simultaneously, we maintaina disciplined focus on cost control, efficiency improvements,and resource optimization to navigate short-term uncertainties.While economic conditions remain unpredictable, we arecautiously optimistic and well-positioned to capitalize on futureopportunities. Top Form is deeply committed to advancing sustainability, notonly within the apparel industry but also in the communitieswe serve. This year, we established clear carbon emissiontargets across all our locations, underscoring our dedicationto exploring renewable alternatives and developing solutionsthat contribute positively to the environment. Achieving oursustainability goals is a priority, and we are determined to alignour operations with our broader commitment to environmentalstewardship. As our business continues to evolve, we recognize theimportance of maintaining a dynamic and diverse board(the “Board”) of directors (the “Directors”). The Board hasproposed the appointment of Mr. Tai Lun, Paul (“Mr. Tai”) asan independent non-executive Director, effective from theconclusion of the forthcoming annual general meeting. On behalfof the Board, I extend a warm welcome to Mr. Tai and lookforward to the valuable insights he will bring to our discussions. CHAIRMAN’S STATEMENT主席報告 In closing, I would like to express my sincere thanks to theBoard, management, and our dedicated employees for theirtireless efforts. I am confident that, together, we can navigatethe challenges ahead and continue to create long-term value forour shareholders. Thank you for your continued trust and support. Wong Chung ChongChairman 26 September 2024 CEO MESSAGE首席執行官報告 Dear Shareholders, Fiscal 2024 marked a period of rebounding demand followingthe destocking phase that began at the end of 2022. Afternavigating the challenges of a particularly difficult tradingenvironment