新吉奥房车2024 年报

New Gonow Recreational Vehicles Inc. (Incorporated in the Cayman Islands with limited liability) Stock code: 0805 ANNUALREPORT2024 CONTENTS 2Company Information4Five-year Financial Highlights5Business Review13Management Discussion and Analysis19Directors’ Report44Directors and Senior Management52Corporate Governance Report73Environmental, Social and Governance Report98Independent Auditor’s Report104Consolidated Statements of Profit or Loss andOther Comprehensive Income 106Consolidated Statement of Financial Position108Consolidated Statement of Changes in Equity109Consolidated Cash Flow Statement110Notes to the Financial Statements196Definitions COMPANY INFORMATION DIRECTORSExecutive Directors Andrew Robert CRANK Mr. MIAO Xuezhong(Chief Executive Officer and Chairman of the Board)Mr. LIU TaoMs. LIU QinMr. Andrew Robert CRANK Independent Non-executive DirectorsMs. HE JieMr. YU MingyangMs. NG Weng Sin AUDIT COMMITTEEMs. NG Weng Sin(Chairperson)Mr. YU MingyangMs. HE Jie REMUNERATION COMMITTEEMs. HE Jie(Chairperson)Mr. YU MingyangMs. NG Weng Sin NOMINATION COMMITTEEMr. MIAO Xuezhong(Chairperson)Ms. NG Weng SinMr. YU Mingyang JOINT COMPANY SECRETARIESMr. CHANG KeMs. JIAN Xuegen 181242401–05 COMPLIANCE ADVISOR Caitong International Capital Co., LimitedUnit 2401–05, 24/FGrand Millennium Plaza181 Queen’s Road CentralHong Kong 1617 HONG KONG SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKS Industrial and Commercial Bank of China TongxiangBranchChina Zheshang Bank Jiaxing Tongxiang Branch HEADQUARTER AND PRINCIPAL PLACEOF BUSINESS IN THE PRC 333 Building 333, Tongren RoadTongxiang, Jiaxing CityZhejiang Province, PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40/F, Dah Sing Financial Centre248 Queen’s Road EastWanchaiHong Kong 24840 REGISTERED OFFICE IN CAYMAN ISLANDS 4th Floor Harbour Place103 South Church StreetPO Box 10240Grand Cayman KY1-1002Cayman Islands 4th Floor Harbour Place103 South Church StreetPO Box 10240Grand Cayman KY1-1002Cayman Islands CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER AGENT Harneys Fiduciary (Cayman) Limited4th Floor Harbour Place103 South Church StreetPO Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor Harbour Place103 South Church StreetPO Box 10240Grand Cayman KY1-1002Cayman Islands INDEPENDENT AUDITOR 108 KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance8/F Prince’s Building10 Chater RoadCentral, Hong Kong AUTHORISED REPRESENTATIVESMr. MIAO Xuezhong ()Ms. JIAN Xuegen () 0805 STOCK CODE0805 LEGAL ADVISOR TO THE COMPANYJia Yuan Law Office www.newgonowrv.hk COMPANY WEBSITEwww.newgonowrv.hk FIVE-YEAR FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS Total AssetsTotal LiabilitiesTotal equity attributable toequity shareholders of theCompany OUR BUSINESS STRATEGIES Weare a recreational vehicle(RV)enterprise with an extensivepresence in Australasia that designs, develops, manufactures andsellsbespoke towable RVs.With our end-to-end capabilities inproduct research and development, manufacturing and sales anddistribution,we design every aspect of our RV owners’userexperiencefrom conceptualization to ownership.We design andmanufactureour RVs with an emphasis on comfort,safety andfunctionality, creating mobile homes that cater to RV owners’ needsforadditional space—bothphysically and mentally.Ourcapabilities span the entire RV industry value chain, encompassingvisionarydesign,refined manufacturing,localized sales anddistribution, and auxiliary after-sales services. We pride ourselvesonour commitment to customization,offering a made-to-orderservice for our owners to personalize various aspects of their RV,from exterior esthetics to interior layout and features. This enablesus to create RVs that reflect individualized demands of different RVowners and deliver superior end-to-end owner experiences fromconceptualization, design selection, customization, and delivery tovarious after-sales services. We have expertise spanning the entireRV industry value chain, empowering our growth trajectory: 201430RegentSnowyRiverRegentNEWGEN Brandmanagement and RV collection rejuvenation.Since ouracquisition in 2014 of Regent, a renowned Australian RV brand withalong heritage of over 30 years,we have become a notablecompanyin the RV industry in Australasia,operating threedistinctivebrands,namely the mid-end and top-selling brand,SnowyRiver,the luxury brand,Regent,and the semi-off-roadbrand,NEWGEN.Envisioning our RV owners who seek to live,holiday or travel in the RVs, we offer towable RVs ranging fromfamily-friendlymodels for family’s recreational use,compactmodelsfor adventurers,slide-out models for those who craveadditionalspace in their RVs,to multi-terrain models for theultimatesemi-off-road adventure.From value-consciousnewcomersto seasoned enthusiasts craving