丽年国际2024年报

(Incorporated in the Cayman Islands with limited liability)Stock code: 9918 ANNUALREPORT年 報2024 CONTENTS 公司資料2Corporate Information財務摘要4Financial Highlights五年財務概要5Five-Year Financial Summary主席報告書6Chairman’s Statement管理層討論與分析9Management Discussion and Analysis董事及高級管理層14Directors and Senior Management董事會報告書21Report of the Directors企業管治報告書38Corporate Governance Report環境、社會及管治報告62Environmental, Social and Governance Report獨立核數師報告98Independent Auditor’s Report綜合全面收益表105Consolidated Statement of Comprehensive Income綜合財務狀況表106Consolidated Statement of Financial Position綜合權益變動表108Consolidated Statement of Changes in Equity綜合現金流量表110Consolidated Statement of Cash Flows綜合財務報表附註111Notes to the Consolidated Financial Statements Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Chu Wai Hang Raymond(Chairman and Chief Executive Officer)Mr. Chu Man Yin Arthur NewtonMr. Lau Shui Fung(Chief Financial Officer) Independent Non-executive Directors Ms. Law ElizabethMr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Audit Committee Ms. Law Elizabeth(Chairperson)Mr. Lee Wa Lun WarrenMr. Szeto Yuk Ting Remuneration Committee Mr. Szeto Yuk Ting(Chairman)Mr. Chu Wai Hang RaymondMs. Law ElizabethMr. Lee Wa Lun Warren Nomination Committee Mr. Lee Wa Lun Warren(Chairman)Mr. Chu Wai Hang RaymondMs. Law ElizabethMr. Szeto Yuk Ting Company Secretary Ms. Chan Sau Ling Authorised Representatives Mr. Chu Wai Hang RaymondMs. Chan Sau Ling Auditor PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor Corporate Information Hong Kong Legal Adviser Bird & Bird Principal Bankers The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank LimitedStandard Chartered Bank (Hong Kong) LimitedCitibank N.A. Hong Kong Compliance Adviser Huajin Corporate Finance (International) Limited Registered Office 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands 4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Headquarter and Principal Place of Business in Hong Kong 38513203-3207 Units 3203-3207, Tower 1Enterprise Square Five, 38 Wang Chiu RoadKowloon Bay, Kowloon, Hong Kong PrincipalShare Registrar and Transfer Office in theCayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman KY1-1002Cayman Islands Hong Kong Branch Share Registrar and Transfer Office Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 1617 Place of Listing The Stock Exchange of Hong Kong Limited Stock Name WISE ALLY INTL Company’s Website www.wiseally.com.hk Financial Highlights Chairman’s Statement On behalf of the board (the “Board”) of directors (the “Directors” andeach a “Director”) of Wise Ally International Holdings Limited (the“Company”, together with its subsidiaries, the “Group”), I am pleasedto present to the shareholders of the Company (the “Shareholders”) theannual results and consolidated financial statements of the Group forthe year ended 31 December 2024 (“FY2024” or the “reporting period”)together with the comparative figures for the year ended 31 December2023 (“FY2023”). 202412312024202312 312023 In2024,we successfully navigated a dynamic global landscapemarked by subdued consumer spending, ongoing geopolitical tensionand volatile interest rate environment. Despite these headwinds, wedemonstrated resilience, achieving a 2.7% increase in revenue and arobust 17.7% rise in gross profit. These results underscore the disciplinedexecution and effectiveness of our business strategy and the strength ofour operational model. Our operations in China remain the backbone ofour production, delivering efficiency and scale that keep us competitivein the global marketplace. 20242.7%17.7% A pivotal development in 2024 was the launch of strategic partnershipin Batam, Indonesia, aligning with the “China Plus One” strategy.This initiative enhances our supply chain flexibility and resilience togeopolitical and logistical risks, which positions us to better serve ourcustomers. By diversifying our manufacturing base, we are not onlyresponding to market trends but also laying the groundwork for sustainedgrowth in an increasingly interconnected world. 2024+1 Our 2023 pick of Batam as an alternative manufacturing site progressedwell. We successfully ramped up full-scale production for a major clientat this strategic partnership in early 2024. To ensure seamless operations,we deployed a specialised on-site team, backed by our experiencedteam in China. This arrangement helps us maintain quality in technical,manufacturing, and logistical services. Given the low geopoliticalrisk, competitive labour costs and productivity and proximity to ourChina base, we plan to further expand produ