XiDeLang Holdings Ltd 2022 AR2
The report outlines XiDeLang Holdings Ltd.'s financial and sustainability performance for the fiscal year ended June 30, 2022. During the year, the company resolved to cease its Own-Branding Segment to mitigate credit risk exposure and realigned its focus toward the Original Design Manufacturer (ODM) segment, which saw an 81.6% revenue increase to RMB 404.0 million. Despite this growth, the company recorded a net loss of RMB 141.0 million due to increased production costs, bad debts from distributors, and COVID-19 disruptions. On the sustainability front, the company's headquarters and production center maintained its "Green Factory" accreditation, and the company implemented various employee-centric initiatives, including on-site vaccination and financial assistance.
Company: XiDeLang Holdings Ltd
Sector: Consumer Discretionary
Country: China
Year: 2022
Type: AR2
Pages: 106
XiDeLang Holdings Ltd
Annual Report
The report outlines XiDeLang Holdings Ltd.'s financial and sustainability performance for the fiscal year ended June 30, 2022. During the year, the company resolved to cease its Own-Branding Segment to mitigate credit risk exposure and realigned its focus toward the Original Design Manufacturer (ODM) segment, which saw an 81.6% revenue increase to RMB 404.0 million. Despite this growth, the company recorded a net loss of RMB 141.0 million due to increased production costs, bad debts from distributors, and COVID-19 disruptions. On the sustainability front, the company's headquarters and production center maintained its "Green Factory" accreditation, and the company implemented various employee-centric initiatives, including on-site vaccination and financial assistance.
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Document Details
Report Year
2022
Reporting Period
Jul 1, 2021 - Jun 30, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board