道和环球2024年报

Annual Report年報2024 CONTENTS目錄 3Statement of Chief Executive Officer行政總裁報告書6Management Discussion and Analysis管理層討論及分析12Biographical Details of Directors and Senior Management董事及高級管理層資料17Corporate Governance Report企業管治報告Reports and Financial Statements報告書及財務報表40–Report of the Directors董事會報告書65–Independent Auditor’s Report獨立核數師報告書71–Consolidated Statement of Profit or Loss綜合損益表72–Consolidated Statement of Profit or Loss andOther Comprehensive Income綜合損益及其他全面收益表73–Consolidated Statement of Financial Position綜合財務狀況表75–Consolidated Statement of Changes in Equity綜合權益變動表76–Consolidated Statement of Cash Flows綜合現金流量表78–Notes to the Consolidated Financial Statements綜合財務報表附註156Five-Year Financial Summary五年財務概要158Corporate Information公司資料160Shareholder Information股東資料 CREATINGSHAREHOLDERVALUE 為股東創造更高價值 STATEMENT OF CHIEF EXECUTIVE OFFICER行政總裁報告書 本人謹代表董事（「董事」）會（「董事會」）欣然提呈Daohe Global Group Limited道和環球集團有限公司（「本公司」，連同其附屬公司統稱「本集團」或「道和環球」）截至二零二四年十二月三十一日止年度的全年業績。 On behalf of the board (the “Board”) of the directors (the “Directors”),I am pleased to present the annual results of Daohe Global GroupLimited (the “Company”, together with its subsidiaries, the “Group” or“Daohe Global”) for the year ended 31 December 2024. In 2024, the global economic recovery remained full of challenges.Despite ongoing efforts by various countries to revive their economies,multiple factors such as geopolitical tensions, persistent inflationarypressures and tightening monetary policies in major economieshad significantly slowed down global economic growth. Theseuncertainties had severely impacted market confidence, leadingto subdued consumer sentiment and directly affected global tradeactivities. Under such operating conditions, the Group’s operationswere inevitably affected. In face of the complex and volatile externalenvironment, the Group continued to optimise operational efficiencyand actively adjusted its business strategies to maintain marketcompetitiveness. 二零二四年，全球經濟復甦進程仍充滿挑戰。儘管各國持續推動經濟重啟，但受制於地緣政治局勢緊張、通脹壓力持續、主要經濟體貨幣政策趨緊等多重因素影響，全球經濟增長動力明顯放緩。這些不確定因素嚴重打擊市場信心，令消費意欲持續低迷，直接影響全球貿易活動。在此經營環境下，本集團的經營無可避免受到影響。面對複雜多變的外圍環境，本集團於年內持續優化營運效率，積極調整業務策略，以維持市場競爭力。 本 集 團 致 力 開 拓 不 同 產 品 類 別，加 上 主 要 客 戶存 貨 過 多 的 情 況 正 逐 漸 紓 緩，推 動 貿 易 及 供 應鏈 管 理 服 務 表 現，致 年 內 付 運 量 總 值 由 去 年 約130,800,000美 元 上 升4.5%至 約136,700,000美 元，北美洲、歐洲及其他地區的付運量均錄得增長。同時，由於貿易量因銷售組合調整後有所上升，帶 動 分 部 收 益 由 去 年 的 約17,600,000美 元 增 加 約9.1%至約19,200,000美元。 The Group strived to expand its product categories, and coupled withthe gradual easing of the key customers’ excessive inventories, theperformance of trading and supply chain management services wasdriven. As a result, the total shipment value for the year increased by4.5% to approximately USD136.7 million from approximately USD130.8million in last year, with growth in shipments to North America, Europeand other regions. Meanwhile, segment revenue rose by approximately9.1% to USD19.2 million from USD17.6 million in previous year due tothe increase in trade volume as a result of change in sales mix. 文化娛樂業務方面，本集團的遊戲化社交及線上娛樂及商品銷售表現分化。由於實體抓娃娃店的數目及規模在疫情後大量擴展，加上線上平台的部分促銷活動受到限制，令線上流量大受打擊，致遊戲化社交及線上娛樂表現有所下跌。另一方面，本集團於年內推出的自主知識產權（「IP」）盲盒產品系列大受市場歡迎，致潮流玩具產品方面的銷售表現錄得增長。 As for culture and entertainment business, the Group’s gamifiedsocial and online entertainment and sales of goods showed divergentperformances. The post-pandemic rapid expansion of physical clawmachine stores in terms of number and scale, coupled with therestrictions on certain promotional activities on online platforms hadsignificantly hit online traffic, leading to a decline in the gamifiedsocial and online entertainment performance. On the other hand, theGroup’s self-developed intellectual property (“IP”) blind box productseries launched during the year gained significant market popularity,resulting in growth in sales of pop toys products. STATEMENT OF CHIEF EXECUTIVE OFFICER行政總裁報告書 展望來年，宏觀經濟仍然存在諸多不確定性，繼美國於二零二五年二月初對華加徵10%關稅後，二零二五年三月又再度加徵10%關稅，令本集團貿易及供應鏈管理服務業務面臨重大挑戰，對本集團營利造成一定壓力。為應對這未知多變的未來，團隊正積極開拓更多的離岸市場，並與在海外擁有生產線的中國供應商尋求合作，通過優化全球供應鏈佈局，為美國客戶提供更具成本效益的海外生產採購方案，以緩解關稅壓力及增強本集團自身供應鏈的靈活性和韌性。本集團將持續開發產品類別，並探索新的增長點，拓寬業務領域，以在激烈的市場競爭中保持優勢。 Looking ahead to the coming year, the macroeconomic environmentremains fraught with uncertainties. Following the US imposition ofan additional 10% tariff on Chinese goods in early February 2025,another 10% tariff was imposed in March 2025, posing significantchallenges to the Group’s trading and supply chain managementservices and exerting pressure on the Group’s profitability. To navigatethis uncertain and volatile future, the team is actively exploring moreoffshore markets and seeking collaborations with Chinese supplierswith overseas production lines. By optimising the global supply chainlayout, the Group aims to provide US customers with more cost-effective overseas production and procurement solutions, alleviatingtariff pressures and enhancing the flexibility and resilience of its supplychain. The Group will continue to develop product categories, exp