Financial Performance - Atlinks Group Limited's revenue decreased from approximately €34.1 million in 2021 to about €30.0 million in 2022, representing a decline of approximately 12.1%[15]. - The gross profit margin fell from approximately 31.1% in 2021 to about 26.6% in 2022[16]. - Total revenue for the year ended December 31, 2022, was approximately €29.96 million, a decrease of about 12.3% compared to €34.07 million in 2021[24]. - The company recorded a loss of approximately €0.9 million for the year ended December 31, 2022, compared to a profit of approximately €0.2 million in 2021[35]. - Cash and cash equivalents decreased to approximately €2.5 million as of December 31, 2022, down from about €5.0 million in 2021[42]. - The net current assets decreased from approximately €4.3 million as of December 31, 2021, to approximately €3.5 million as of December 31, 2022[43]. - Cash and bank balances as of December 31, 2022, were approximately €2.5 million, down from €5.0 million as of December 31, 2021, representing a decrease of approximately €2.5 million[43]. - The net debt-to-equity ratio increased to approximately 56% as of December 31, 2022, compared to approximately 48% as of December 31, 2021, primarily due to increased bank borrowings and shareholder loans[44]. Sales Performance - Sales of home phones for the year ended December 31, 2022, were approximately €22.1 million, a decrease of about 10.8% compared to the previous year[19]. - Sales of elderly products decreased by approximately €1.2 million or 19.9% year-on-year[20]. - Sales to France decreased by approximately 22.5% to about €14.4 million, accounting for 48.1% of total revenue[25][29]. - Sales to other European countries decreased by approximately 18.6% to about €7.2 million, representing 24.1% of total revenue[26]. - Sales to the Asia-Pacific and Middle East regions remained stable at approximately €3.8 million, while sales to Latin America increased by approximately 54.6% to about €4.5 million[28]. Strategic Focus - The company plans to continue focusing on the elderly market, particularly developing products for individuals with vision and hearing impairments under the Swissvoice and Amplicomms brands[11]. - The company aims to expand its product range for elderly users and enhance its brands, Swissvoice and Amplicomms, through optimized products and increased sales territories[30]. - The company plans to launch new alternative product solutions in the first quarter of 2023 to address supply chain issues and improve gross margins[29]. Sustainability and Awards - The company received the Ecovadis sustainability leadership award in the advanced manufacturers category, achieving the highest platinum certification[11]. - The group emphasizes the importance of environmental management and is committed to social welfare, focusing on ecological design and reducing emissions and resource usage[146]. - The company received the "Sustainability Rating: Platinum Certification" and "Sustainability Leadership Best Regional Performance (AMEA)" from EcoVadis in October 2022[194]. Governance and Compliance - The company has adhered to the corporate governance code principles and applicable provisions for the year ending December 31, 2022[68]. - The board is responsible for strategy formulation, performance monitoring, and risk management, with four established committees[69]. - The company aims to maintain high standards of corporate governance to protect shareholder interests[66]. - The board includes independent directors who regularly review the company's compliance with governance codes[67]. - The company has a commitment to high levels of business ethics and governance practices[66]. Risk Management - The risk management committee conducted an annual review of the group's risk management and internal control systems, which were found to be effective and adequate[85]. - The board believes that the risk management and internal control systems are effective in managing business risks[107]. - The company has established a risk management committee to enhance internal risk management functions, meeting at least twice a year to monitor sanction risks[108]. Employee and Training - The overall employee turnover rate increased to 17% in the fiscal year 2022, up from 5% in 2021[177]. - The company maintained a zero workplace injury record for three consecutive years, with no reported incidents during the reporting period[180]. - The group conducted a total of 112 hours of training during the reporting period, with an average training time of 2.43 hours per employee[182]. - 76% of employees participated in training, with male employees averaging 2.48 hours and female employees averaging 2.39 hours[182]. Environmental Impact - Total greenhouse gas emissions for the reporting period were 30.96 tons of CO2 equivalent, a significant decrease from 34.79 tons in 2021[149]. - Scope 2 emissions decreased to 14.84 tons of CO2 equivalent in 2022 from 34.79 tons in 2021, indicating a reduction of approximately 57.3%[149]. - The total amount of non-hazardous waste generated was 0.121 tons in 2022, significantly reduced from 0.95 tons in 2021[154]. - The company aims to reduce the generation density of hazardous and non-hazardous waste by 1% by 2030 through ongoing review of waste reduction measures[153]. Customer Relations - The group has established an online customer interface and a customer hotline to enhance customer service[189]. - The group ensures compliance with labor laws, prohibiting child labor and forced labor, with no significant violations reported during the period[183].

Revenue Performance - The group's revenue decreased from approximately €24.3 million for the nine months ended September 30, 2021, to approximately €21.9 million for the nine months ended September 30, 2022, a decline of about 9.9%[11] - Revenue from France decreased by approximately 20.3% to about €10.6 million, accounting for approximately 48.4% of total revenue for the nine months ended September 30, 2022[36] - Revenue from other European countries decreased by approximately 19.0% to about €5.3 million for the nine months ended September 30, 2022[36] - Sales of home phones decreased by approximately 9.6% to about €15.9 million for the nine months ended September 30, 2022[21] - Sales of elderly products decreased by approximately €0.9 million or 20.8% for the nine months ended September 30, 2022[22] - Sales to the Asia-Pacific, Russia, and the Middle East increased by approximately 11.1% to about €2.5 million compared to the same period in 2021[38] - Sales to Latin America grew by approximately 57.0% to about €3.5 million compared to the same period in 2021[39] Profitability and Loss - The company recorded a loss attributable to equity holders of approximately €0.9 million for the nine months ended September 30, 2022, compared to a profit of approximately €0.6 million for the same period in 2021[11] - The net loss for the nine months ended September 30, 2022, was €883,156, compared to a profit of €550,447 for the same period in 2021[62] - The operating loss for the nine months ended September 30, 2022, was €720,020, compared to an operating profit of €948,187 in the same period of 2021[62] - The company reported a basic and diluted loss per share of €0.22 for the nine months ended September 30, 2022, compared to earnings of €0.14 for the same period in 2021[62] - The total comprehensive loss for the nine months ended September 30, 2022, was €290,156, compared to a total comprehensive income of €710,635 for the same period in 2021[64] Cost Management - The cost of sales decreased from approximately €16.6 million for the nine months ended September 30, 2021, to approximately €15.8 million for the nine months ended September 30, 2022, a reduction of about 5.0%[40] - Gross margin decreased from approximately 31.6% for the nine months ended September 30, 2021, to approximately 28.0% for the nine months ended September 30, 2022, primarily due to increased material costs and the impact of the depreciation of the Euro against the US Dollar[40] - Selling and distribution expenses decreased from approximately €2.9 million for the nine months ended September 30, 2021, to approximately €2.5 million for the nine months ended September 30, 2022, mainly due to reduced marketing expenses[41] Corporate Governance and Dividends - The group did not recommend the payment of any dividends for the nine months ended September 30, 2022[12] - The board did not recommend the payment of a dividend for the nine months ended September 30, 2022[44] - No dividends were declared or paid for the nine months ended September 30, 2022, compared to €175,401,000 in dividends declared in 2021[81] - The board believes that good corporate governance is a key element in managing the group's business and affairs, and has complied with the corporate governance code as of September 30, 2022[57] Future Outlook - The company aims to increase market share in the home phone business by launching more optimized products across different price ranges and expanding sales regions[39] - The company anticipates that component shortages will gradually resolve by the fourth quarter of 2022, leading to a stable recovery in gross margins in the coming months[39] - The company views the complex business environment as an opportunity, with strong customer demand and a significant order backlog[39] Financial Summary - For the nine months ended September 30, 2022, the group reported total revenue of €21,948,070, a decrease of 10% compared to €24,349,125 for the same period in 2021[62] - The gross profit for the nine months ended September 30, 2022, was €6,135,878, down from €7,706,287 in the same period of 2021, reflecting a decline of approximately 20%[62] - The company’s financial costs for the nine months ended September 30, 2022, amounted to €371,095, an increase from €291,031 in the same period of 2021[62] - The group’s sales cost for the nine months ended September 30, 2022, was €15,812,192, compared to €16,642,838 for the same period in 2021, indicating a decrease of approximately 5%[62] - The deferred tax expense for the nine months ended September 30, 2022, was €242,842, compared to a tax benefit of €39,230 in the previous year, indicating a significant change in tax position[77] Product Development - The company continues to focus on the design and development of telecommunications products under the Alcatel, Swissvoice, and Amplicomms brands, targeting markets outside North America[69]

Revenue Performance - The group's revenue decreased from approximately €17.1 million for the six months ended June 30, 2021, to approximately €15.2 million for the six months ended June 30, 2022, representing a decline of about 10.8%[15]. - Total revenue for the six months ended June 30, 2022, was €15,226,994, a decrease from €17,070,663 for the same period in 2021, representing a decline of approximately 10.8%[102]. - Sales in the home phone segment for the six months ended June 30, 2022, were approximately €11.3 million, a decrease of about 7.7% compared to the same period in 2021[23]. - Sales in the elderly products category decreased by approximately €0.9 million or 27.8% for the six months ended June 30, 2022[24]. - Office phone product sales decreased by approximately €0.2 million or 11.1% for the six months ended June 30, 2022[29]. - Sales to France decreased by approximately 14.5% to about €8.1 million, accounting for 53.3% of total revenue for the six months ended June 30, 2022[38]. - Sales to other European countries fell by approximately 25.9% to about €3.3 million, representing 21.8% of total revenue[39]. - Sales to Latin America increased by 40.1% to approximately €2.2 million, representing 14.4% of total revenue[40]. Profitability and Loss - The group recorded a loss attributable to equity holders of approximately €0.6 million for the six months ended June 30, 2022, compared to a profit of approximately €0.5 million for the same period in 2021[15]. - The company recorded a loss of approximately €0.6 million for the six months ended June 30, 2022, compared to a profit of about €0.5 million in the same period of 2021[45]. - The net loss for the six months ended June 30, 2022, was €587,038, compared to a profit of €510,976 for the same period in 2021, indicating a significant decline in performance[79]. - The basic and diluted loss per share for the six months ended June 30, 2022, was €0.15, compared to earnings of €0.13 in the same period of 2021[79]. - The total comprehensive loss for the six months ended June 30, 2022, was €303,266, compared to a comprehensive income of €583,823 for the same period in 2021[81]. Cost and Margin Analysis - Gross profit margin decreased from approximately 31.7% in the first half of 2021 to about 26.7% in the first half of 2022 due to increased material costs and euro depreciation against the dollar[42]. - The gross profit for the six months ended June 30, 2022, was €4,060,998, down 25.0% from €5,412,901 in the previous year[79]. Cash Flow and Financial Position - As of June 30, 2022, the group's cash and cash equivalents were approximately €2.6 million, a decrease of about €2.4 million from €5.0 million on December 31, 2021[52]. - The net capital debt ratio increased to approximately 54% as of June 30, 2022, compared to 48% on December 31, 2021, primarily due to increased bank borrowings to support working capital[54]. - The total amount of bank financing secured by the group's properties, plant, and equipment was approximately €807,500 as of June 30, 2022, compared to zero on December 31, 2021[57]. - The total amount of trade receivables pledged as collateral was approximately €3.8 million as of June 30, 2022, down from €5.9 million on December 31, 2021[57]. - The company incurred a total comprehensive loss of €(587,038) for the period[89]. - Operating cash outflow increased to €(1,329,243) from €(894,954), indicating a worsening cash flow situation[94]. Inventory and Receivables - Inventory decreased from €6,731,543 to €5,548,287, a reduction of about 17.6%[84]. - Trade receivables decreased from €10,378,603 to €9,750,746, a decline of approximately 6.0%[84]. - Trade receivables as of June 30, 2022, amounted to €10,106,664, a slight decrease from €10,734,521 as of December 31, 2021, representing a decline of approximately 5.8%[135]. - The aging analysis of trade receivables shows that as of June 30, 2022, €3,840,472 was within 0 to 30 days, compared to €3,914,263 as of December 31, 2021, indicating a decrease of about 1.9%[136]. Corporate Governance and Compliance - The company has adopted the GEM Listing Rules regarding the trading standards for directors, ensuring compliance with regulations[69]. - The board believes that good corporate governance is a key element in managing the group's business and affairs, and has complied with the corporate governance code during the reporting period[74]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and compliance[75]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of any dividends for the six months ended June 30, 2022[16]. - The company did not declare or pay any dividends for the six months ended June 30, 2022, compared to €175,401 in dividends declared in 2021[156]. Future Outlook and Strategy - The company plans to introduce redesigned products to capture market share in the home phone business, targeting a broader price range and expanding geographical reach[41]. - The company has a strong order backlog and is confident in its growth potential despite the challenging business environment[41].

Financial Performance - The group's revenue decreased from approximately €8.7 million for the three months ended March 31, 2021, to approximately €7.5 million for the three months ended March 31, 2022, representing a decline of about 13.5%[10] - The company recorded a loss attributable to equity holders of approximately €0.3 million for the three months ended March 31, 2022, compared to a profit of approximately €0.2 million for the same period in 2021[10] - Revenue for the three months ended March 31, 2022, was €7,489,757, a decrease of 13.5% compared to €8,656,399 in the same period of 2021[51] - The company reported a net loss of €276,522 for the three months ended March 31, 2022, compared to a profit of €206,725 in the same period of 2021[53] - Total comprehensive loss for the period was €154,510, compared to a total comprehensive income of €310,523 in the same period of 2021[53] - The company’s basic and diluted loss per share was €0.07, compared to earnings of €0.05 per share in the previous year[51] - The basic loss per share for the first quarter of 2022 was €(0.07), a decrease from €0.05 in the first quarter of 2021[67] Revenue Breakdown - Sales in the home phone segment decreased by approximately 12.7% to about €5.2 million, accounting for 69.5% of total revenue in Q1 2022[16] - Revenue from home phones was €5,205,337, down 12.7% from €5,960,918 in the previous year[60] - Revenue from elderly products decreased by 29.6% to €1,368,203 from €1,944,116 in the same period of 2021[60] - Sales to France decreased by approximately 20.6% to about €3.8 million, representing 51.3% of total revenue for Q1 2022[25] - Sales to other European countries decreased by approximately 20.7% to about €1.9 million, accounting for 25.8% of total revenue[26] - Revenue from office phones increased by 20.1% to €897,132 compared to €747,112 in the previous year[60] Cost and Expenses - The gross profit margin decreased from approximately 31.3% for the three months ended March 31, 2021, to approximately 27.7% for the same period in 2022, primarily due to increased material costs[30] - The cost of sales was €5,413,256, compared to €5,948,855 in the same period of 2021, indicating a reduction of 9%[51] - The sales cost decreased by approximately 9.0% to about €5.4 million for the three months ended March 31, 2022, consistent with the decline in revenue[30] - Sales and distribution expenses decreased from approximately €0.9 million for the three months ended March 31, 2021, to approximately €0.8 million for the three months ended March 31, 2022, primarily due to a reduction in marketing expenses[31] - Administrative expenses remained stable at approximately €1.3 million for both the three months ended March 31, 2021, and March 31, 2022[32] Shareholder Information - The major shareholders include Eiffel Global with a 75% stake, and other shareholders with varying percentages, including 11.83% and 9.67%[37] - The board did not recommend the payment of a dividend for the three months ended March 31, 2022[33] - There were no dividends declared or paid for the three months ended March 31, 2022, and 2021[70] - There were no purchases, sales, or redemptions of the company's shares during the three months ended March 31, 2022[35] - No stock options were granted, exercised, canceled, or lapsed under the stock option plan during the three months ended March 31, 2022[36] - As of March 31, 2022, the company had no unexercised stock options under the stock option plan[36] Future Plans - The company aims to expand its market share in the home phone business by launching more optimized products across different price ranges and enhancing product features in 2022[29] - The company plans to continue expanding its range of products for individuals with vision and hearing impairments in the elderly products market[29] Governance and Review - The company’s governance practices are regularly reviewed to comply with the GEM Listing Rules[46] - The unaudited condensed consolidated financial statements for the three months ended March 31, 2022, were reviewed by the audit committee[48] Foreign Exchange Impact - The company experienced a foreign exchange loss of €135,875, an improvement from a loss of €259,767 in the same period of 2021[51]

Financial Performance - The group's revenue increased from approximately €29.8 million for the year ended December 31, 2020, to approximately €34.1 million for the year ended December 31, 2021, representing a growth of about 14.2%[14]. - Total revenue for the year ended December 31, 2021, was approximately €34.1 million, an increase of about 14.8% compared to €29.8 million in 2020[24]. - Revenue for the fiscal year ending December 31, 2021, reached $150 million, representing a 15% increase compared to the previous year[66]. - The company recorded a profit attributable to equity holders of approximately €0.2 million for the year ended December 31, 2021, down from €0.5 million in 2020[35]. Sales Performance - Sales in the home phone segment increased by approximately 21.0% year-on-year, amounting to about €24.7 million for the year ended December 31, 2021[19]. - Sales of elderly products remained stable at approximately €6.2 million for the year ended December 31, 2021[20]. - The office phone segment also maintained stable sales of approximately €3.1 million, driven by ongoing demand for network phones and wireless conferencing systems in Europe[20]. - Sales to France increased by approximately 11.1% to about €18.6 million in 2021, compared to €16.7 million in 2020[28]. - Sales to other European countries rose by approximately 29.0% to about €8.9 million in 2021, compared to €6.9 million in 2020[29]. - Sales to the Asia-Pacific, Russia, and Middle East regions decreased by approximately 10.3% to about €3.7 million in 2021, compared to €4.1 million in 2020[29]. - Sales to Latin America increased by approximately 38.7% to about €2.9 million in 2021, compared to €2.1 million in 2020[30]. Gross Profit and Margins - The gross profit margin improved from approximately 30.2% for the year ended December 31, 2020, to approximately 31.1% for the year ended December 31, 2021[15]. - Gross profit margin improved from approximately 30.2% in 2020 to about 31.1% in 2021, despite an increase in cost of sales from about €20.8 million to approximately €23.5 million[32]. Market Strategy - The company plans to continue focusing on the elderly market, particularly developing products suitable for individuals with vision and hearing impairments under the Swissvoice and Amplicomms brands[10]. - The company plans to expand its market share in the home phone business by launching more optimized products across different price ranges and enhancing product features[31]. - The company is expanding its market presence in Latin America, aiming for a 30% increase in market share by 2023[62]. Corporate Governance - The board has established four committees to enhance corporate governance, including a risk management committee and an audit committee[67]. - The company has maintained compliance with the corporate governance code, ensuring high standards of business ethics[66]. - The independent directors are actively involved in reviewing financial data and providing strategic recommendations[59]. - The company has adopted a corporate governance policy to ensure compliance with legal and regulatory requirements[79]. - The board is responsible for executing corporate governance duties and has adopted a written terms of reference for its functions[80]. Risk Management - The company has established a risk management committee to regularly review internal control policies and procedures related to sanctions compliance[4]. - The risk management system is designed to manage risks rather than eliminate them, ensuring reasonable assurance against significant misstatements or losses[107]. - The board has established a risk management committee to enhance internal risk management functions, meeting at least twice a year to monitor sanction risks[107]. Environmental, Social, and Governance (ESG) Initiatives - The company has established policies to manage and monitor environmental and community-related risks, ensuring sustainable growth[133]. - The ESG committee, comprising the CFO and other key personnel, is responsible for reviewing and overseeing ESG procedures and risk management[144]. - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG issues[145]. - The company aims to create value for stakeholders and the community by integrating environmental and social factors into its management considerations[133]. Sustainability Goals - Greenhouse gas emissions for 2021 totaled 14.90 tons of CO2 equivalent, a decrease from 19.68 tons in 2020, representing a reduction of approximately 24.5%[153]. - The company aims to reduce greenhouse gas emissions by 2% by 2030[152]. - The total amount of non-hazardous waste produced has decreased, attributed to effective environmental measures, with a target to reduce it by 1% by 2030[157]. - The group aims to reduce air pollutant emissions by 2% by 2030[159]. Financial Position - Cash and cash equivalents as of December 31, 2021, were approximately €5.0 million, a decrease of about €0.3 million from €5.3 million as of December 31, 2020[42]. - As of December 31, 2021, the net debt-to-equity ratio of the group was approximately 48%, an increase from 27% as of December 31, 2020, primarily due to a decrease in bank borrowings and an increase in shareholder loans to support operational funding[43]. - The company has maintained a stable financial position with no major liabilities or commitments impacting future operations[44][46]. Shareholder Engagement - The company provides a platform for shareholders to communicate through various channels, including annual general meetings and reports[120]. - The company emphasizes maintaining high levels of transparency to strengthen investor relations, providing updates through quarterly, interim, and annual reports[117].

Revenue Growth - The group's revenue increased from approximately €21.5 million for the nine months ended September 30, 2020, to approximately €24.3 million for the nine months ended September 30, 2021, representing a growth of about 13.2%[11] - For the nine months ended September 30, 2021, total revenue was €24,349,125, an increase of 13.5% compared to €21,503,858 for the same period in 2020[76] - Revenue for Q3 2021 slightly decreased compared to Q3 2020, primarily due to component shortages and shipping delays, but revenue for the first nine months of 2021 increased by approximately 13.2% compared to the same period in 2020[36] Profit and Earnings - The profit attributable to equity holders of the company for the nine months ended September 30, 2021, was approximately €0.6 million, compared to approximately €0.8 million for the same period in 2020[11] - The company recorded a profit attributable to equity holders of approximately €0.6 million for the nine months ended September 30, 2021, down from approximately €0.8 million for the same period in 2020[43] - The net profit for the nine months ended September 30, 2021, was €550,447, down from €716,885 in the same period of 2020, reflecting a decrease of approximately 23.2%[66] - The company reported a basic and diluted earnings per share of €0.14 for the nine months ended September 30, 2021, compared to €0.19 for the same period in 2020[66] Sales Performance by Segment - Sales in the home phone segment increased by approximately 16.2% to about €17.6 million for the nine months ended September 30, 2021[20] - The elderly products category saw a sales increase of approximately €0.4 million or 9.5%, driven by sales of large-button image phones and a new series of elderly mobile devices[23] - Office phone product sales were approximately €2.1 million, an increase of 8.9% compared to the same period in 2020, due to rising demand in Europe[23] Regional Sales Performance - Sales to France grew by approximately 10.2% to about €13.3 million for the nine months ended September 30, 2021[33] - Sales to other European countries increased by approximately 33.3% to about €6.5 million for the nine months ended September 30, 2021[33] - Sales to the Asia-Pacific, Russia, and Middle East regions decreased by approximately 20.7% to about €2.3 million for the nine months ended September 30, 2021[33] - Sales to Latin America increased by approximately 34.9% to about €2.3 million for the nine months ended September 30, 2021[35] Cost and Expenses - Sales costs increased from approximately €15.1 million for the nine months ended September 30, 2020, to approximately €16.6 million for the nine months ended September 30, 2021, reflecting a growth of about 10.5%[40] - Sales and distribution expenses rose from approximately €2.0 million for the nine months ended September 30, 2020, to approximately €2.9 million for the nine months ended September 30, 2021, mainly due to increased logistics costs and sales commissions[41] Gross Margin and Profitability - Gross margin improved from approximately 30.0% for the nine months ended September 30, 2020, to approximately 31.6% for the nine months ended September 30, 2021[40] - The gross profit for the nine months ended September 30, 2021, was €7,706,287, compared to €6,442,071 for the same period in 2020, indicating a year-over-year increase of about 19.6%[66] - The company’s operating profit for the nine months ended September 30, 2021, was €185,374, compared to a loss of €46,636 in the same period of 2020, indicating a significant turnaround[66] Dividends - The company does not recommend the payment of any dividends for the nine months ended September 30, 2021[12] - The company did not pay or declare any dividends for the nine months ended September 30, 2021, consistent with the previous year[87] Future Outlook - Supply chain issues, including component shortages and shipping delays, are expected to continue impacting revenue growth for the remainder of 2021[37] - The company plans to launch a new series of large-button image phones under the Swissvoice and Amplicomms brands in Q4 2021, anticipating increased retail and online sales[36]

Revenue and Profit Growth - The group's revenue increased from approximately €13.6 million for the six months ended June 30, 2020, to approximately €17.1 million for the six months ended June 30, 2021, representing an increase of about 25.7%[16] - The profit attributable to equity holders of the company for the six months ended June 30, 2021, was approximately €0.5 million, compared to approximately €0.4 million for the same period in 2020[16] - Total revenue for the six months ended June 30, 2021, was €17.1 million, compared to €13.6 million for the same period in 2020[21] - The company recorded a revenue growth of approximately 25.7% for the first six months of 2021 compared to the same period in 2020[41] - The company reported a basic and diluted earnings per share of €0.13 for the six months ended June 30, 2021, compared to €0.11 for the same period in 2020[89] - For the six months ended June 30, 2021, the profit attributable to equity holders of the company was €510,976, compared to €424,795 for the same period in 2020, representing an increase of approximately 20.3%[130] Sales Performance by Segment - Sales in the home phone segment increased by approximately 28.0% year-on-year, amounting to about €12.2 million[23] - The elderly products category saw a sales increase of approximately €0.7 million or 30.1%, driven by the sales of large-button image phones and a new series of elderly mobile devices[28] - Office phone product sales doubled in the second quarter of 2021 compared to the same period last year, primarily due to backlog orders from the first quarter and sufficient inventory reserves in the second quarter[28] - The home phone segment accounted for 74.3% of total revenue for the six months ended June 30, 2021, while elderly products accounted for 15.3%[22] - Revenue from home phones reached €12,215,603 for the six months ended June 30, 2021, up 28% from €9,545,712 in the same period of 2020[118] - Revenue from elderly products was €3,230,416 for the six months ended June 30, 2021, a 30% increase from €2,482,232 in the same period of 2020[118] Geographic Sales Distribution - Sales to France increased by approximately 25.0% to about €9.5 million for the six months ended June 30, 2021, compared to the same period in 2020[37] - Sales to other European countries grew by approximately 44.9% to about €4.5 million for the six months ended June 30, 2021[38] - Sales to the Asia-Pacific, Russia, and Middle East regions decreased to approximately 9.0% of total revenue for the six months ended June 30, 2021[39] - Sales to Latin America surged by approximately 105.8% to about €1.6 million for the six months ended June 30, 2021[40] Financial Position and Cash Flow - The group's cash and cash equivalents were approximately €4.1 million as of June 30, 2021, a decrease of about €1.2 million from €5.3 million on December 31, 2020[57] - The net cash balance decreased to approximately €4.1 million as of June 30, 2021, compared to €5.3 million on December 31, 2020[57] - Operating cash flow for the six months ended June 30, 2021, was a net outflow of €894,954, compared to an inflow of €2,734,819 in the same period of 2020[110] - The company reported a net cash outflow from financing activities of €152,293 for the six months ended June 30, 2021, compared to an outflow of €47,626 in the same period of 2020[110] - Investment activities resulted in a net cash outflow of €163,991 for the six months ended June 30, 2021, down from €486,394 in the same period of 2020[110] Corporate Governance and Compliance - The company has adopted the GEM Listing Rules regarding the trading standards for directors, ensuring compliance with no reported non-compliance incidents[79] - The audit committee consists of three independent non-executive directors, with Ms. Lin Liting as the chairperson[85] - The financial statements for the six months ending June 30, 2021, have been reviewed by the audit committee but are unaudited[86] - The company emphasizes good corporate governance as a key element in managing its business[84] - No significant contracts involving directors with substantial interests were entered into during the reporting period[78] Challenges and Future Plans - The company faced challenges including component shortages and extended shipping times, which may continue to impact revenue growth for the remainder of 2021[41] - The company plans to launch new mobile communication devices in the second half of 2021, targeting the elderly market[41] - The company plans to continue expanding its product offerings in the telecommunications sector, focusing on home and office products[113] Shareholder Information - As of June 30, 2021, Eiffel Global holds 300,000,000 shares, representing 75% ownership in the company[80] - TOHL, controlled by Zhu Linfang, also holds 300,000,000 shares, equivalent to 75% ownership[82] - Mr. Lang, as the spouse of Ms. Zhu, is considered to have an interest in the 300,000,000 shares held by her, which is 75% of the total[82] Dividend and Capital Expenditures - The board declared an interim dividend of HK$0.41 per share[17] - The company has committed capital expenditures of €712,500 for property acquisition as of June 30, 2021[64] - The interim dividend declared for the six months ended June 30, 2021, is €175,401, with a dividend of HK$0.41 per share[160]

Revenue Growth - The group's revenue increased from approximately €6.8 million for the three months ended March 31, 2020, to approximately €8.7 million for the three months ended March 31, 2021, representing a growth of about 27.9%[12] - The total revenue for the three months ended March 31, 2021, was approximately €8.7 million, compared to €6.8 million for the same period in 2020[12] - For the three months ended March 31, 2021, total revenue was €8,656,399, an increase of 28% from €6,768,779 in the same period of 2020[68] Segment Performance - The sales of the home phone segment increased by approximately 27.1% to about €6.0 million, while the elderly products category saw a sales increase of approximately €0.8 million or 74.1%[19] - The elderly products segment recorded a strong sales performance with a 74.1% revenue increase compared to the same period in 2020[31] - Revenue from home phones was €5,960,918, up 27% from €4,688,720 year-over-year[68] - Revenue from senior products increased significantly to €1,944,116, a rise of 74% compared to €1,116,651 in the previous year[68] Profitability and Margins - The gross profit margin improved from 27.8% in Q1 2020 to 31.3% in Q1 2021[30] - The gross profit for the same period was €2,707,544, compared to €1,883,583 in 2020, indicating a significant increase of about 43.7%[58] - The operating profit for the three months was €405,265, slightly down from €430,780 in the previous year, reflecting a decrease of around 5.9%[58] - The net profit for the period was €206,725, down from €231,107 in the same quarter of 2020, which is a decline of approximately 10.5%[58] - The basic and diluted earnings per share for the period were €0.05, compared to €0.06 in the same period last year, showing a decrease of about 16.7%[58] - The total comprehensive income for the period was €310,523, an increase from €284,516 in the same quarter of 2020, representing a growth of approximately 9.2%[60] Expenses and Costs - Sales cost increased from approximately €4.9 million for the three months ended March 31, 2020, to approximately €5.9 million for the three months ended March 31, 2021, representing an increase of about 21.8%[33] - Selling and distribution expenses rose from approximately €0.6 million to approximately €0.9 million, primarily due to an increase in logistics costs of €0.2 million[34] - Other income/loss decreased from approximately €0.3 million to approximately (€0.1) million, indicating a negative impact on cash flow[36] Dividends and Shareholder Returns - The company does not recommend the payment of any dividends for the three months ended March 31, 2021[14] - The board did not recommend the payment of dividends for the three months ended March 31, 2021[38] - The company did not declare or pay any dividends during the three months ended March 31, 2021[78] Future Plans and Strategies - The company plans to expand its product range for visually and hearing-impaired individuals, targeting the elderly market to strengthen the Swissvoice and Amplicomms brands[31] - The company plans to use the IPO proceeds for developing office phone products, elderly telecom products, enhancing sales channels, expanding the employee team, and developing smart home products[39] Governance and Compliance - The company did not enter into any significant contracts during the reporting period that involved major interests from directors or controlling shareholders[48] - There were no known business interests or conflicts of interest that could potentially compete with the company's operations as of March 31, 2021[52] - The company’s governance practices have been reviewed and are in compliance with the GEM Listing Rules[54] - The audit committee consists of three independent non-executive directors, ensuring oversight and governance of financial reporting[55] Taxation - The company’s tax expenses for the three months ended March 31, 2021, totaled €94,587, compared to €88,120 in the same period of 2020[73] - The company’s operations are subject to various tax rates, including 16.5% for Hong Kong profits tax and 25% for corporate income tax in mainland China[72] Supply Chain and Operational Challenges - The ongoing supply chain challenges, including shortages of key components and containers, may negatively impact revenue growth for the remainder of the fiscal year 2021[30] - The office phone sales slightly declined to approximately €0.7 million due to temporary inventory shortages caused by component supply issues[19] IPO and Financial Position - The net proceeds from the IPO amounted to approximately HK$23.1 million, with HK$22.4 million utilized as of March 31, 2021, leaving a balance of HK$0.7 million[39] - As of March 31, 2021, the company had no share buybacks, sales, or redemptions during the reporting period[41] - The stock option plan aims to attract and retain talented participants for the group's future development, with no options granted or exercised during the reporting period[42] Company Overview - The company is primarily engaged in the design, development, and sale of telecommunications products under the Alcatel, Swissvoice, and Amplicomms brands[64] - The company has not reported any independent operating segment assets and liabilities due to resource integration[65]

Revenue Performance - The group's revenue decreased from approximately €16.0 million for the six months ended June 30, 2019, to approximately €13.6 million for the six months ended June 30, 2020, representing a decline of about 14.9%[14]. - The total revenue for the six months ended June 30, 2020, was approximately €13.6 million, down from €16.0 million in the previous year[19]. - Total revenue for the six months ended June 30, 2020, was €13.579 million, a decrease of approximately 15% from €15.961 million in the same period of 2019[28]. - Revenue for the three months ended June 30, 2020, was €6,810,465, a decrease of 18% compared to €8,306,703 for the same period in 2019[83]. - Revenue from home phones for the six months ended June 30, 2020, was €10,105,525, down from €12,965,433 in the same period of 2019, a decrease of approximately 22%[105]. - Revenue from office phones for the six months ended June 30, 2020, was €1,441,135, a slight decrease from €1,523,143 in the same period of 2019, representing a decline of about 5%[105]. - Revenue from Latin America for the six months ended June 30, 2020, was €759,098, a significant decrease from €2,701,026 in 2019[108]. - Revenue from France for the six months ended June 30, 2020, was €7,604,112, down 7.5% from €8,224,947 in the previous year[108]. - Revenue from the Asia-Pacific/Russia/Middle East region for the six months ended June 30, 2020, increased by 15.5% to €2,130,378 from €1,845,516 in 2019[108]. Profitability - The group recorded a profit attributable to equity holders of approximately €0.4 million for the six months ended June 30, 2020, compared to a loss of approximately €0.9 million for the same period in 2019[14]. - The company reported a net profit for the six months ended June 30, 2020, of €382,358, compared to a net loss of €950,842 for the same period in 2019[86]. - The company’s total comprehensive income for the six months ended June 30, 2020, was €388,296, compared to a total comprehensive loss of €916,357 in the previous period, marking a turnaround in performance[98]. - Basic and diluted earnings per share for the six months ended June 30, 2020, was €0.11, compared to a loss of €0.24 for the same period in 2019[83]. Cash Flow and Liquidity - As of June 30, 2020, the group's cash and cash equivalents were approximately €4.7 million, an increase of about €2.2 million from €2.5 million on December 31, 2019[48]. - Cash and cash equivalents increased to €4,682,455 as of June 30, 2020, compared to €2,481,656 as of December 31, 2019[90]. - For the six months ended June 30, 2020, the company reported operating cash flow of €2,679,707, a significant increase from €866,584 in the same period of 2019, representing a growth of approximately 209%[98]. - The company reported a net cash outflow from investing activities of €486,394 for the six months ended June 30, 2020, compared to €142,412 in the same period of 2019, indicating an increase in investment activities[98]. - The company’s financing activities resulted in a net cash outflow of €47,626 for the six months ended June 30, 2020, compared to a significant outflow of €1,202,492 in the same period of 2019, indicating a reduction in financing costs[98]. Market and Sales Analysis - The decline in sales was primarily due to lockdown measures and business suspensions in several countries in Europe and Latin America to curb the COVID-19 outbreak[22]. - The home phone segment's sales dropped by 22.1% compared to the same period in 2019, amounting to approximately €10.1 million, which accounted for about 74.4% of total revenue for the six months ended June 30, 2020[22]. - The office phone sales were approximately €1.4 million, representing about 10.6% of total revenue for the six months ended June 30, 2020[22]. - Other product categories generated sales of approximately €2.0 million, accounting for 15.0% of total revenue for the six months ended June 30, 2020[23]. - The home phone segment accounted for 79.1% of total revenue for the three months ended June 30, 2020, compared to 80.7% for the same period in 2019[19]. Strategic Initiatives - The group aims to explore new strategies for market expansion and product development in response to the changing market conditions[19]. - The company plans to introduce more competitive new products to expand its market share in the home phone business and Southeast Asia[33]. - The company expects continued growth for the Swissvoice brand, particularly in senior mobile phones, with more products planned for retail launch in the second half of 2020[33]. Financial Position - Total assets as of June 30, 2020, amounted to €29,049,623, an increase from €28,589,364 as of December 31, 2019[91]. - Total liabilities as of June 30, 2020, were €20,842,974, slightly up from €20,728,574 as of December 31, 2019[91]. - The company’s total equity as of June 30, 2020, was €8,206,649, a decrease from €9,523,563 as of January 1, 2019, reflecting a decline of approximately 14%[94]. - The net capital debt ratio as of June 30, 2020, was approximately 15%, a significant decrease from 47% on December 31, 2019, primarily due to increased bank borrowings to support working capital[49]. - The total amount of trade receivables pledged as collateral for bank financing was approximately €4,609,779 as of June 30, 2020, down from €5,151,472 on December 31, 2019[53]. Governance and Compliance - The company believes it has complied with the corporate governance code during the reporting period[78]. - All directors confirmed compliance with the GEM Listing Rules regarding securities transactions as of June 30, 2020[69]. - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the six months ending June 30, 2020[79]. - The company has appointed Lihau Corporate Finance Limited as a compliance advisor, with no reported interests as of June 30, 2020[75]. Dividends and Shareholder Information - The group does not recommend the payment of any dividends for the six months ended June 30, 2020[15]. - The company did not declare or pay any dividends for the six months ended June 30, 2020, and 2019[147]. - As of June 30, 2020, Eiffel Global holds 300,000,000 shares, representing a 75% equity stake in the company[70]. - TOHL, controlled by Ms. Zhu, also holds 300,000,000 shares, equivalent to a 75% equity stake[70]. - Ms. Zhu and Mr. Lang, as related parties, are considered to have a 75% equity interest in the company through their holdings[70].

Financial Performance - The group's revenue decreased from approximately €35.8 million for the year ended December 31, 2018, to approximately €31.6 million for the year ended December 31, 2019, representing a decline of about 11.9%[13]. - Total revenue for the year ended December 31, 2019, was €31.6 million, down from €35.8 million in 2018[20]. - The company recorded a loss of approximately €1.7 million for the year ended December 31, 2019, compared to a loss of €0.7 million in 2018[30]. - Revenue from France was approximately €17.4 million, making up 55.1% of total revenue, while sales to Latin America decreased from 17.7% to 14.2% of total revenue[24]. - Home phone sales declined by 15.6% to approximately €25.5 million, accounting for 80.6% of total revenue[16]. - Office phone sales remained stable at approximately €3.1 million, primarily due to sales of network phones and conference systems in Europe[16]. - Other product categories saw a 19.2% increase in sales to approximately €3.0 million, representing 9.5% of total revenue, driven by sales of large-button image phones and new senior mobile devices[16]. - Selling and distribution expenses decreased by approximately 19.7% to €3.3 million, attributed to reduced exhibition and marketing expenses[28]. - The net current asset value decreased from approximately €7.2 million as of December 31, 2018, to approximately €4.9 million as of December 31, 2019[37]. - The net capital debt ratio increased to approximately 47% as of December 31, 2019, compared to 38% in 2018, primarily due to increased bank borrowings[38]. Operational Efficiency and Strategy - The management team has implemented new measures to enhance operational efficiency and adopted new production methods to improve gross profit, which have shown significant progress reflected in the operational expenses of Q4 2019[8]. - The company plans to continue launching innovative and competitive products, with a focus on senior products and the Asia-Pacific market[9]. - The company plans to introduce more competitive new products to expand market share in the home phone business and Southeast Asia[25]. - The company plans to expand its product offerings, including office phones and smart home products, as part of its future strategy[43]. - The company has adjusted the structure of its Hong Kong and overseas offices and welcomed new members to its management team during the fiscal year[8]. Sustainability and Corporate Governance - The company received the 2019 Best Sustainability Leadership Award from Ecovadis in the advanced manufacturers category, aligning with industry leaders[9]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and uphold business integrity[62]. - The board consists of nine directors, including three executive directors and three independent non-executive directors, ensuring a diverse governance structure[67]. - The company has complied with the corporate governance code principles and applicable provisions during the year ended December 31, 2019, except for certain deviations[63]. - The company emphasizes compliance with legal and regulatory requirements in its governance practices[80]. - The company has established written policies and procedures applicable to all operating units to ensure the efficiency of internal controls[102]. - The company has implemented policies to ensure that funds raised are not used to finance activities related to sanctioned countries or individuals[106]. Environmental and Community Engagement - The group emphasizes responsible business management to minimize environmental impact, focusing on ecological design to reduce manufacturing waste and increase recycling rates[145]. - The group has engaged in various sustainable development initiatives to create value for stakeholders and the community[132]. - The company promotes a culture of work-life balance and organizes diverse activities for employees[158]. - The company actively participates in community investment initiatives, including battery collection activities and anti-smoking campaigns[178]. - The company has implemented energy efficiency measures, including the installation of energy-saving lighting systems[155]. Employee and Labor Practices - The employee composition as of December 31, 2019, was 57% male and 43% female[162]. - 95% of employees were full-time, with 5% on contract or short-term employment[163]. - The company strictly adheres to labor standards, ensuring no child or forced labor is employed, in compliance with relevant laws such as the Employment Ordinance in Hong Kong[168]. - The company emphasizes supplier management, conducting audits to ensure compliance with labor standards and product quality, thereby maintaining a responsible supply chain[169]. Product and Market Information - The company primarily designs, develops, and sells telecommunications products under the "Alcatel" brand and other customer brands in Europe, Latin America, and Asia[12]. - The company operates primarily in the telecommunications product design sector, selling through major telecommunications operators and retail chains in Europe and Latin America[196]. - The company has a licensing agreement with Alcatel Lucent that expires in 2027, which is critical for its product sales[199]. - The company reported that sales of products bearing the Alcatel trademark accounted for approximately 77.4% of revenue for the year ended December 31, 2019, down from 82.0% in the previous year[199].