奇士达二零二四年报

(Incorporated in the Cayman Islands with limited liability)STOCK CODE ANNUAL REPORT2024 CONTENTS目錄 Corporate Information2Chairman’s Statement4Management Discussion and Analysis6Corporate Governance Report19Biographical Details of Directors and Senior Management37Report of Directors41Environmental, Social and Governance Report61Independent Auditor’s Report91Consolidated Statement of Profit or Loss and OtherComprehensive Income100Consolidated Statement of Financial Position101Consolidated Statement of Changes in Equity103Consolidated Statement of Cash Flows104Notes to the Consolidated Financial Statements106Five Year Financial Summary196 CORPORATE INFORMATION公司資料 董事會執行董事 Boardof DirectorsExecutive DirectorsMr. Yu Huang(Chairman and Chief Executive Officer)Mr. Zhu Qiang 非執行董事 Non-executive DirectorMs. Zheng Jingyun 獨立非執行董事 Independent non-executive DirectorsMs. Huang Chunlian (appointed on 15 July 2024)Ms. Wang ShilingMr. Gong LanMr. He Weidong(resigned on 15 July 2024) 公司秘書 Company SecretaryMr. Kam Chun Ying, Francis(appointed on 1 March 2025)Mr. Chan Pak Lun(resigned on 1 March 2025) 授權代表 Authorised RepresentativesMr. Yu Huang Mr. Kam Chun Ying, Francis(appointed on 1 March 2025)Mr. Chan Pak Lun(resigned on 1 March 2025) 審核委員會 Audit CommitteeMr. Gong Lan(Chairman)Ms. Wang ShilingMs. Huang Chunlian(appointed on 15 July 2024)Mr. He Weidong(resigned on 15 July 2024) 薪酬委員會 Remuneration CommitteeMs. Wang Shiling(Chairlady)Mr. Zhu QiangMr. Gong LanMs. Huang Chunlian(appointed on 15 July 2024)Mr. He Weidong(resigned on 15 July 2024) 提名委員會 Nomination CommitteeMs. Huang Chunlian(Chairlady) (appointed on 15 July 2024)Mr. Yu HuangMr. Zhu QiangMs. Wang ShilingMr. Gong LanMr. He Weidong(resigned on 15 July 2024) &25325$7(,1)250$7公司資料 核數師 Auditor McMillian Woods (Hong Kong) CPA Limited 註冊辦事處Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Registered Office Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 中國總辦事處及營業地點 Head Office and Place of Business in the PRC Chengyanggang Road, Ancheng HighwayLianxia Town, Chenghai DistrictShantou City, GuangdongPRC 香港營業地點 Place of Business in Hong KongUnit 2202, 22/F., Causeway Bay Plaza I489 Hennessy Road, Causeway BayHong Kong 489222202 主要股份過戶登記處 Principal Share Registrar and Transfer OfficeConyers Trust Company (Cayman) Limited Conyers Trust Company (Cayman)LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands 香港股份過戶登記分處 Hong Kong Branch Share Registrar andTransfer Office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 主要往來銀行 Principal Bankers Bank of China Limited Shantou BranchIndustrial Bank Co., Ltd. Shantou BranchChenghai Rural Credit Cooperative UnionLianshang Credit Cooperative of Shantou 網站 www.kidztech.net Website Addresswww.kidztech.net 股份代號6918 Stock Code6918 CHAIRMAN’S STATEMENT主席報告 Dear Shareholders, 本公司董事董事會本 集 團二 零 二 四財 政 年 度本 期 間 Onbehalf of the board(the“Boa r d”)of directors(the“Directors”)of Kidztech Holdings Limited(the“Company”),itis my pleasure to present to you the annual report of theCompanyand its subsidiaries(together the“Group”)for theyear ended 31 December 2024 (“FY2024” or the “period”). AI181 In 2024, the global economic growth hovered at a low level.TheU.S.economy witnessed a gradual cooling of demand,while the European economy slowly recovered; the economiclandscapein various countries appeared particularly intricateandchallenging.The new policies set to be implemented bythenew US President Trump accelerated the rise of tradeprotectionismand the imposed stringent tariffs could leadtoa global economic downturn.Looking back at Chinesesituation,the Chinese economy operated smoothly overall,withsteady progress and the gradual development of newproductive forces. However, factors such as a deep adjustmentin the real estate market, insufficient demand, and low socialexpectationshave contributed to weak economic grow thanda decline in overall consumer spending.In 2024,theglobal toy market has shown signs of recovery, although thegrow thremained slow and gradual.Geopolitical tensions,protectionism, and fluctuations in financial markets continued toimpact the market. In the third quarter of 2024, U.S. toy salesstabilizedafter a period of decline,with recovery occurringata faster pace than in the European market.Concurrently,the AI toy market experienced rapid growth, with the marketsizereaching US$18.1 billion in 2024.The Group navigatedacomplex environment while intensifying efforts to exploreopportunities in emerging markets. Since last year, the Companyhasoutsourced a significant portion of our orders to reducefixedstaf f costs and machiner y maintenance costs,andimplemented a strategy focused on cost control, low margins,and steady sales. During these challenging operational times,th