VTech Holdings Limited Sustainability Report 2015 - page 3

About
Sustainability Report 2015
3
VTech is the global leader in electronic
learning products from infancy to
preschool and the world’s largest
manufacturer of cordless telephones.
It also provides highly sought-after
contract manufacturing services. Our
product lines include electronic learning
products (ELPs), telecommunication
(TEL) products, 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 FY2015, VTech has 29,502
employees in average, including around
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 2015,
Group revenue and profit attributable
to shareholders of the Company were
US$1,879.8 million and US$198.1
million respectively. At 31 March 2015,
the Group had working capital and
total assets of US$177.2 million and
US$920.9 million respectively. The
Group’s total equity was US$540.8
million and had no borrowings as at
31 March 2015.
Shares of VTech Holdings Limited are
listed on The Stock Exchange (HKSE:
303). At 31 March 2015, the number
of issued and fully paid shares of the
Company was 251,182,133 shares.
For details of our financial performance,
please refer to the financial highlights
included in our Annual Report 2015 at
/
reports.
4 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
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
4
, which itself is
built upon many internationally agreed
principles relating to welfare of workers,
environmental management and
anti-corruption. Since 2012, we
have subscribed 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 keep abreast with 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.
Group Revenue in Last 5 Years
Revenue by Regions
for the year ended 31 March 2015
Profit Attributable to Shareholders
of the Company in Last 5 Years
North America 47.8%
US$899.5 million
Europe 43.2%
US$812.3 million
Other Regions 2.7%
US$50.4 million
Asia Pacific 6.3%
US$117.6 million
2,100
1,800
1,500
1,200
900
600
300
0
250
200
150
100
50
0
FY2011
FY2011
FY2012
FY2012
FY2013
FY2013
FY2014
FY2014
FY2015
FY2015
1,712.8
202.0
1,784.5
191.9
1,858.0
201.5
1,898.9
203.8*
1,879.8
198.1
US$ million
US$ million
Total:
US$1,879.8
million
* Restated
Cover,Inside Cover,1,2 4,5,6,7,8,9,10,11,12,13,...Back Cover
Powered by FlippingBook