Vtech 2004 Annual Report Download - page 18

Download and view the complete annual report

Please find page 18 of the 2004 Vtech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52

16
VTech Holdings Ltd Annual Report 2004
Review
Year in
Apr 2003
VTech participated in the 16th Guangzhou
International Toys, Children’s Commodities &
Gifts Fair in Guangzhou, China as part of its
continuing efforts to explore the China market
and evaluate potential trading partners.
Contract manufacturing services business
participated in the Shanghai NEPCON 2003
Exhibition, an event that received strong local
and overseas industry supports.
May 2003
Telecommunication products business was
awarded the Sam’s Club’s “Supplier of the Year
Award”, Target’s “Electronics Instock Award”
and BJ’s “Partnership Award” in recognition of
its outstanding customer services.
VTech Holdings Ltd was ranked 6th in
corporate governance among Hong Kong
companies in the 2003 CLSA Corporate
Governance Report, produced by CLSA and
the Asian Corporate Governance Association
(ACGA).
Jun 2003
VTech announced its financial year
2003 annual results, showing a
continued improvement in profitability
and financial position, providing the
Group a solid foundation for future
growth.
Jul 2003
Contract manufacturing
services business attained
ISO13488 quality certification
for the manufacture of medical
equipment, opening a new
avenue of growth.
VTech successfully launched 16 electronic
learning products in the Pearl River Delta area
to test the China market, an important first
step to open up the long-term potential for
the Group.
Aug 2003
VTech launched its GiGA 2.4X
series of 2.4GHz cordless phone
in Hong Kong, giving local
consumers access to these highly
acclaimed products.
Sept 2003
Contract manufacturing services business
attained the TS16949 certification for
manufacturing automotive parts, opening
another new avenue of growth.
Contract manufacturing services business
was ranked one of the Top 100 Contract
Manufacturers for the year 2002 by Electronic
Business magazine. The ranking was published
in the September 2003 “Top Contract
Manufacturers” issue.
Oct 2003
The newly developed TV Learning
System, V.Smile, received an encouraging
response from major trade customers in
the US at its first preview.
VTech delivered the world’s most
advanced 5.8GHz cordless phone
handset, i5801, with full colour LCD
display.
Year in
Review