Kidztech Holdings Limited released its audited annual report and financial statements for the fiscal year ending on December 31, 2023. According to the report, the group's main revenue comes from the design, development, manufacturing, and sales of toys, as well as additional revenue from purchasing and selling raw materials and electronic parts. The total revenue for the 2023 fiscal year was CNY 131.4 million, a decrease from CNY 169.4 million the previous year. The total revenue from the group's top five customers accounts for about 76%, with the largest customer holding 23%. The group proposed no dividend for the 2023 fiscal year. Due to the issuance of shares under general mandate, the group's share capital increased, and net income was approximately CNY 32.8 million. The group...Show More

Kidztech Holdings Limited released its audited annual report and financial statements for the fiscal year ending on December 31, 2023. According to the report, the group's main revenue comes from the design, development, manufacturing, and sales of toys, as well as additional revenue from purchasing and selling raw materials and electronic parts. The total revenue for the 2023 fiscal year was CNY 131.4 million, a decrease from CNY 169.4 million the previous year. The total revenue from the group's top five customers accounts for about 76%, with the largest customer holding 23%. The group proposed no dividend for the 2023 fiscal year. Due to the issuance of shares under general mandate, the group's share capital increased, and net income was approximately CNY 32.8 million. The group has a reserve of approximately CNY 304.2 million available for distribution to shareholders. The report also disclosed the group's environmental, social and governance (ESG) policies and performance, including anti-corruption training and community investment. The group has set a five-year target to reduce gas intensity and greenhouse gas emissions by 5% based on the 2021 baseline. The group has not been involved in any legal litigations that could have a significant adverse impact on its financial condition or operations. McMillan Woods (Hong Kong) CPA Limited is the auditor and will be proposed for reappointment at the upcoming annual general meeting. The group has disclosed its continuing obligations with the Hong Kong licensed money lender under the loan agreement pursuant to Rule 13.21 of the Listing Rules.