2025-03-10-深交所-闽灿坤Ｂ_2024年年度报告（英文版）_228页_3mb

2024 Annual Report Summary of Tsann Kuen (China) Enterprise Co., Ltd.

Section I. Important Statements, Contents & Terms

• The report is certified accurate and complete by the company's management and financial officers.
• Directors attending the meeting: Lin Jidian, Wang Youliang, Cai Bingfeng, Liu Luhua, Wu Yibing, Tang Jinmu.
• Profit distribution: cash dividend of RMB1.8 (tax included) per every 10 shares held.

Section II. Company Profile & Financial Highlights (2024)

• Registered address: No.88 Xinglong Road, Huli Industrial Park, Xiamen, Fujian Province, P.R. China.
• Products: Small home appliances (cooking, everyday home appliances, tea/coffee makers), molds, designs.
• Financial Highlights (Unit in RMB millions):
  • Operating Revenue: 1,701.12 (YoY +13.74%).
  • Net Profit Attributable to Shareholders: 72.78 (YoY -17.23%).
  • Basic EPS: 0.39 (YoY -17.02%).
  • Net Assets Attributable to Shareholders: 1,102.40 (YoY +2.55%).
  • ROE: 6.71% (YoY -1.64%).

Section III. Management Discussion & Analysis

• Future Development Strategy:
  • Deepen customer collaboration, expand the Tsann Kuen EUPA brand management in the Chinese market, specialize in manufacturing, and focus on supply chain upgrades.
• Key Risk Factors:
  • International environment, labor costs, exchange rate fluctuations, energy/environmental policies.
• Outlook:
  • Small appliance industry trends include intelligence, energy efficiency, and growth in the Asia-Pacific region.
  • Plans to advance the overseas Indonesia manufacturing base and address risks like trade barriers and supply chain fragmentation.

Section IV. Corporate Governance

• Governance structure compliant with CSRC regulations. Minority shareholders' rights protected.
• Related-party transactions reviewed to ensure transparency.

Section V. Environmental & Social Responsibility

• No significant issues identified in 2024.

Section VI. Significant Events

• Profit distribution approved: cash dividend of RMB1.8 per 10 shares (total RMB33.37 million).
• No significant changes in top shareholders. Exchanged with priority due to the high proportion of foreign shareholders.

Summary Note: The company's operating revenue showed growth, but net profit decreased significantly. Strategic focus is on brand management and manufacturing specialization, with governance compliant. Foreign involvement in major shareholders indicates global outlook, while domestic risks include labor and energy policies.