About VTech
VTech is the global leader in electronic
learning products from infancy to
preschool and the world’s largest
manufacturer of cordless phones. It also
provides highly sought-after contract
manufacturing services. Our product
lines include telecommunication (TEL)
products, electronic learning products
(ELPs) and contract manufacturing
services (CMS).
With headquarters in the Hong Kong
Special Administrative Region and
state-of-the-art manufacturing facilities
in China, VTech currently has operations
in 11 countries and regions. In FY2014,
VTech has an average number of
around 30,900 employees, including
about 1,500 research and development
(R&D) professionals in R&D centres in
Canada, Germany, Hong Kong and
China. This network allows VTech to
stay abreast of the latest technology
and market trends throughout the
world, while maintaining a highly
competitive cost structure.
The Group invests significantly in R&D
and launches numerous new products
each year. VTech sells its products via a
strong brand platform supported by an
extensive global distribution network of
leading traditional and online retailers.
VTech’s customer profile consists of
commercial buyers in our three product
lines and direct consumer purchasers
through our e-commerce business.
For the year ended 31 March 2014,
Group revenue and profit attributable
to shareholders of the Company were
US$1,898.9 million and US$203.3 million
respectively. At 31 March 2014, the
Group had working capital and total
assets of US$167.4 million and US$919.1
million respectively. The Group’s total
equity was US$575.6 million and had
no borrowings as at 31 March 2014.
Shares of VTech Holdings Limited are
listed on The Stock Exchange of Hong
Kong Limited (the Stock Exchange)
(HKSE: 303). At 31 March 2014, the
number of issued and fully paid shares of
the Company was 250,872,133 shares.
At VTech, we manage our business
in accordance with a number of key
external charters. We adhere to and
implement policies that are coherent
with the 10 UN Global Compact
principles
3
, which itself is built upon
many internationally agreed principles
relating to welfare of workers,
environmental management and anti-
corruption. We also subscribe to the
Electronic Industry Citizenship Coalition
(EICC) Code of Conduct and the
International Council of Toy Industries
(ICTI) Code of Business Practices, which
are specific to our industries.
To stay up-to-date and ahead of the
latest trends and development within
our industry, we have participated in a
number of trade associations around
the world. We primarily engage as
members, but where possible we will
collaborate on industry projects to
help develop the markets and
industry standards. Many of our
memberships require us to meet a
Code of Conduct which provides
VTech stakeholders with further peace
of mind and confidence.
Revenue by Regions
50.1%
US$950.7 million
Total: US$1,898.9
million
2.5%
US$47.5 million
5.7%
US$108.9 million
41.7%
US$791.8 million
North America
Europe
Asia Paci c
Others
for the year ended 31 March 2014
Group Revenue in Last 5 Years
US$ million
2,100
FY2010 FY2011 FY2012 FY2013 FY2014
1,532.3
1,784.5 1,858.0 1,898.9
1,800
1,500
1,200
900
600
300
0
1,712.8
Pro t Attributable to Shareholders
of the Company in Last 5 Years
US$ million
* Restated
250
FY2010 FY2011 FY2012 FY2013 FY2014
206.5
191.9 201.5* 203.3
200
150
100
50
0
202.0
3
The UN Global Compact asks companies to abide by its 10 principles, protecting the core values of the UN’s human
rights, labour standards, environmental and anti-corruption policies.
See
for more details
Sustainability Report 2014
3
