Vtech 2013 Annual Report Download - page 2

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Corporate Profile
VTech is the world’s largest manufacturer of cordless telephones, and the largest supplier
of electronic learning products from infancy to preschool in the US and Western Europe.
It also provides highly sought-after contract manufacturing services. Founded in 1976, VTech’s
mission is to be the most cost effective designer and manufacturer of innovative, high quality
consumer electronics products and to distribute them to markets worldwide in the most
efficient manner.
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
and approximately 37,000 employees, including around 1,500 R&D professionals in R&D
centres in Canada, 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 distribution
network of leading retailers in North America, Europe and Asia Pacific. Apart from the
well-known VTech brand, the Group is licensed to design, manufacture and distribute AT&T
branded wireline telephones and accessories in North America and China, as well as Telstra
branded fixed-line telephones in Australia. Shares of VTech Holdings Limited are listed on
The Stock Exchange of Hong Kong Limited (HKSE: 303).
1 Financial Highlights
2 Letter to Shareholders
5 Management Discussion and Analysis
• FinancialReview
• ReviewofOperations
12 ProductsandServicesOverview
20 Year in Review
22 Sustainability
30 Investor Relations
33 Corporate Governance Report
37 Directors and Senior Management
39 Report of the Directors
43 Independent Auditor’s Report
44 Consolidated Financial Statements
47 Notes to the Financial Statements
71 VTech in the Last Five Years
72 Corporate Information
Contents
vtech.indb 2 13年5月29日 上午3:16