汇聚科技2024年度报告

ANNUAL REPORT2024 CONTENTS 2 3 Financial Highlights Chairman’s Statement 8 27 99 100 101 GROUP PROFILE 30 Time Interconnect Technology Limited (the “Company”, together withits subsidiaries, the “Group”) is a well-established supplier of customisedinterconnect solutions with over 30 years’ experience in the industry. TheGroup is headquartered in Hong Kong, and has manufacturing facilitiesin Shanghai, Suzhou, Jiangxi and Huizhou, the People’s Republic of China(“PRC”), Japan and Mexico. The Group currently manufactures and supplies a wide variety of copper& optical fiber cable assemblies, digital cable products, medical productsand servers which are produced to the specifications and designs ofits individual customer partners. Its products are used by a number ofestablished PRC and international customers in a variety of market sectors,including telecommunication, data centre, industrial equipment, medicalequipment, automotive wire harness, digital cable and server. (CMS) Its business features on customised cable and server products for a varietyof specifications which are used in a wide range of applications. The Groupsupplies cable and server products on a Contract Manufacturing Services(CMS) basis, and its cable and server products are made-to-order, uponreceipt of its customers’ orders. VISION To be a leading provider of interconnect products, continually recognisedas a “Preferred Supplier” capable of delivering world class quality, productsand services – EACH and EVERY TIME. STRATEGY To become a Tier-1 supplier of cable products and high performanceinterconnect products to the market leaders in the telecommunication,datacommunication,healthcare,automotive,and industrial sectors,while continuously expanding its product range to meet evolving marketdemands. CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors:Mr. Cua Tin Yin Simon (Chief Executive Officer)Mr. Wong Chi KuenNon-executive Director:Ms. Wang Laichun (Chairperson)Independent non-executive Directors:Mr. Ho Hin ShunMr. Luk Wai ShingMr. Chan Chung Shun Eric 2025328 BOARD COMMITTEESAudit Committee Mr. Chan Chung Shun Eric (Chairman)Mr. Ho Hin ShunMr. Luk Wai ShingRemuneration CommitteeMr. Ho Hin Shun (Chairman)Mr. Wong Chi KuenMr. Luk Wai ShingMr. Chan Chung Shun EricNomination CommitteeMr. Luk Wai Shing (Chairman)Mr. Cua Tin Yin Simon (appointed on 28 March 2025)Mr. Wong Chi KuenMr. Ho Hin ShunMr. Chan Chung Shun Eric AUTHORISED REPRESENTATIVESMr. Wong Chi KuenMs. Ng Hoi Ying 18826 COMPLIANCE ADVISERFrontpage Capital Limited26/F, Siu On Centre, 188 Lockhart Road, Wan Chai, Hong Kong 11125 AUDITORBDO LimitedCertified Public Accountants25th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong 30414101-04 LEGAL ADVISERS AS TO HONG KONG LAWSCFN LawyersRoom Nos. 4101-04, 41/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong REGISTERED OFFICE IN THE CAYMAN ISLANDSWindward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108, Cayman Islands Windward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108, Cayman Islands 55E2213-221 HEAD OFFICE AND PRINCIPAL OFFICE OF BUSINESS IN HONG KONGUnits 213-221, 2/F, Building 5E, 5 Science Park East Avenue,Hong Kong Science Park, Shatin, Hong Kong Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108, Cayman Islands PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE IN CAYMAN ISLANDSOcorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350, Grand Cayman KY1-1108, Cayman Islands BRANCH SHARE REGISTRAR AND TRANSFER OFFICE IN HONG KONGTricor Investor Services Limited17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong 1617 PRINCIPAL BANKSUnited Overseas Bank Limited China CITIC Bank International LimitedAustralia and New Zealand Banking Group LimitedBanco Santander, S.A.Fubon Bank (Hong Kong) LimitedBank of Communications Co., Ltd.China Construction Bank CorporationAgricultural Bank of China LimitedBank of China LimitedChina Merchants Bank Co., Ltd.Industrial and Commercial Bank of China Limited COMPANY’S WEBSITEwww.time-interconnect.com www.time-interconnect.com STOCK CODE1729 1729 CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the board (the “Board”) of directors of the Company (the“Directors”), I am pleased to present to you the annual report of TIMEInterconnect Technology Limited (and together with its subsidiaries) forthe twelve months ended 31 December 2024 (the “Current Year” or“FY2024”). During the Current Year, economic growth pace has beenslowed due to various short-term and long-term factors, including still-high borrowing costs, reduced fiscal support, and geopolitical factors.Cyclical imbalances are gradually resolving, and major economies arealigning with potential levels. Global disinflation momentum has slowed,with goods prices stabilizing or declining, but services inflation remainshigh. Consequently, some central banks have postponed policy easing,increasing pr