IDT INT'L-NEW二零二五年报

2025ANNUALREPORT Contents目錄 2Corporate Information5Chairman’s Statement8Directors and Senior Management of the Group13Management Discussion and Analysis26Corporate Governance Report55Environmental, Social and Governance Report101Directors’ Report 117Independent Auditor’s Report124Consolidated Statement of Profit or Loss andOther Comprehensive Income125Consolidated Statement of Financial Position126Consolidated Statement of Changes in Equity128Consolidated Statement of Cash Flows129Notes to the Consolidated Financial Statements224Group Financial Summary Corporate Information公司資料 董事會 BOARD OF DIRECTORS 執行董事：Chen Tiger Charles Executive Director:Mr. Chen Tiger Charles (Re-designated as Executive Director on 14 March 2025) 非執行董事： Non-Executive Directors:Ms. Ng Kwok Ying IsabellaMs. Cheung Yuk Ki (Re-designated as Non-executive Director on 14 March 2025) Mr. Cui Xiao (Ceased to be director on 8 January 2025) 獨立非執行董事： Independent Non-Executive Directors:Ms. Chen WeijieMr. Mak Tin SangDr. Lowe Chun YipMr. Xu Jinwen (Resigned on 14 March 2025) 審核委員會 AUDIT COMMITTEE Mr. Mak Tin Sang (Chairman)Ms. Chen WeijieDr. Lowe Chun YipMr. Xu Jinwen (Resigned on 14 March 2025) 提名及企業管治委員會 NOMINATION AND CORPORATE GOVERNANCE COMMITTEE Ms. Chen Weijie (Chairperson)Mr. Mak Tin SangDr. Lowe Chun YipMr. Xu Jinwen (Resigned on 14 March 2025) 薪酬委員會 REMUNERATION COMMITTEE Chen Tiger Charles Dr. Lowe Chun Yip (Chairman)Ms. Ng Kwok Ying lsabellaMr. Chen Tiger CharlesMs. Cheung Yuk KiMs. Chen WeijieMr. Mak Tin SangMr. Xu Jinwen (Resigned on 14 March 2025) COMPANY SECRETARYMr. Chen Kun (Solicitor of HKSAR)(Resigned on 5 February 2026)Mr. Chang Eric Jackson (Appointed on 5 February 2026) 公司秘書 授權代表 AUTHORISED REPRESENTATIVES Ms. Cheung Yuk KiMr. Chen Kun (Resigned on 5 February 2026)Mr. Chang Eric Jackson (Appointed on 5 February 2026) Corporate Information公司資料 主要往來銀行 PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedHang Seng Bank Limited 核數師 AUDITORForvis Mazars CPA Limited 法律顧問百慕達：Conyers Dill & Pearman LEGAL ADVISORS Bermuda:Conyers Dill & Pearman 香港： Hong Kong:P.C. Woo & Co. 股份過戶登記處 SHARE REGISTRARS 百慕達：Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton, HM 11Bermuda Bermuda:Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton, HM 11Bermuda 香港：3382333301–04 Hong Kong:Union Registrars LimitedSuites 3301–04, 33/F.Two Chinachem Exchange Square338 King’s RoadNorth PointHong Kong 百慕達註冊辦事處 BERMUDA REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 126612 Unit 612, 6/FBank of America Tower12 Harcourt RoadCentralHong Kong STOCK CODE167 股份代號167 網址www.idt-hk.com WEBSITEwww.idt-hk.com Chairman’sStatement 主席報告書 致各股東： DEAR SHAREHOLDERS, On behalf of the board (the “Board”) of directors (each, a “Director”) of IDT InternationalLimited (the “Company”, together with its subsidiaries, collectively, the “Group” or “we” or“us”), I am pleased to present the Group’s annual report for the year ended 31 December2025 (“FY2025” or the “Year”, and for the year ended 31 December 2024, “FY2024”). 財務業績 FINANCIAL RESULTS 112.9173.360.416.554.269.1114.6 The Group’s total revenue for FY2025 amounted to approximately HK$112.9 million(FY2024: approximately HK$173.3 million), representing a decrease of HK$60.4 million ascompared with the total revenue of FY2024. Gross profit of FY2025 totalled approximatelyHK$16.5 million (FY2024: gross profit of approximately HK$54.2 million). Profit for FY2025was approximately HK$69.1 million (FY2024: profit of approximately HK$114.6 million).The above changes in the financial performance were attributable to a decline in sales ofthe Group’s products in the Chinese Mainland and the rise in tariffs resulting from theChina-US trade war, which impacted the Group’s import and export businesses. Chairman’s Statement主席報告書 業務回顧及前景 BUSINESS REVIEW AND PROSPECT AIAIAI Looking back at 2025, competition in the electronics market continued to intensify, whileindustry growth slowed. Meanwhile, the development of the artificial intelligence (AI)sector continued to accelerate, entering a critical phase marked by rapid technologicalbreakthroughs and deepening application scenarios, with the integration of AI technologyinto products across various industries gathering pace. The Group believes that electronicsserve as both key application endpoints for AI capabilities and primary carriers for deliveringAI-driven experiences. Driven by advancements in edge computing power, model efficiency,and multimodal interactions, AI-integrated terminals are accelerating their penetration,propelling electronics from “functional upgrades” towards “experience transformation”. AIAIAIAIAIAIAIAIAI Looking ahead to 2026, smart terminals are expected to achieve deeper integrationof AI capabilities, expa