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Contents
Corporate Profile
VTech is the global leader in electronic learning products from infancy through toddler and
preschool and the world’s largest manufacturer of cordless phones. It also provides highly
sought-after contract manufacturing services. Since its establishment in 1976, VTech has been
a pioneer in the electronic learning toy category. With state-of-the-art educational expertise
and cutting-edge innovation, VTech products provide fun and learning to children around
the world. Leveraging decades of success, VTech’s diverse collection of telecommunication
products elevates the consumer experience through state-of-the-art technology and design.
As one of the world’s leading electronic manufacturing service providers, VTech offers
world-class, full turnkey services to customers in a number of product categories.
The Group’s mission is to design, manufacture and supply innovative and high quality products
in a manner that minimises any impact on the environment, while creating sustainable value
for its stakeholders and the community.
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.
It employs approximately 27,000 employees, including around 1,500 R&D professionals in R&D
centres in the US, 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.
VTech invests significantly in R&D and launches numerous new products each year.
The Group’s strong brands are supported by a global distribution network of leading traditional
and online retailers.
Shares of VTech Holdings Limited are listed on The Stock Exchange of Hong Kong Limited
(HKSE: 303).
1 Financial Highlights
2 Letter to Shareholders
6 Management Discussion and Analysis
Financial Review
Review of Operations
14 Products and Services Overview
20 Year in Review
22 Sustainability
30 Investor Relations
33 Corporate Governance Report
38 Directors and Senior Management
40 Report of the Directors
43 Independent Auditor’s Report
44 Consolidated Financial Statements
46 Notes to the Financial Statements
69 VTech in the Last Five Years
70 Corporate Information