Financial Performance - The group's revenue decreased from approximately €17.3 million for the six months ended June 30, 2018, to approximately €16.0 million for the six months ended June 30, 2019, representing a decline of about 7.6%[3] - The loss attributable to equity holders of the company increased to approximately €0.9 million for the six months ended June 30, 2019, compared to a loss of approximately €0.1 million for the same period in 2018[3] - The gross profit for the six months ended June 30, 2019, was approximately €4.15 million, down from approximately €4.79 million for the same period in 2018, indicating a decrease of about 13.1%[6] - The net loss for the six months ended June 30, 2019, was approximately €950,842, compared to a net loss of approximately €105,264 for the same period in 2018[8] - Total revenue for the six months ended June 30, 2019, was €15,961,112, a decrease of 7.56% compared to €17,269,811 for the same period in 2018[36] - Revenue from home phones for the six months ended June 30, 2019, was €12,965,433, down 9.36% from €14,301,839 in the same period of 2018[36] - Revenue from office phones for the six months ended June 30, 2019, was €1,523,143, a decrease of 7.48% compared to €1,646,144 for the same period in 2018[36] - The company reported a basic loss per share of €0.24 for the six months ended June 30, 2019, compared to a loss of €0.03 for the same period in 2018[44] Assets and Liabilities - The total assets as of June 30, 2019, were approximately €29.23 million, a decrease from approximately €30.04 million as of December 31, 2018[10] - The company's cash and cash equivalents decreased to approximately €2.85 million as of June 30, 2019, from approximately €3.32 million as of December 31, 2018[10] - The total equity attributable to equity holders of the company decreased to approximately €8.57 million as of June 30, 2019, from approximately €9.48 million as of December 31, 2018[11] - As of June 30, 2019, total liabilities amounted to €20,622,844, a slight increase from €20,520,453 in December 31, 2018, representing a 0.5% increase[14] - The total equity and liabilities amounted to €29,230,050, down from €30,044,016, indicating a decrease of 2.7%[14] - Trade payables increased significantly to €4,854,236 from €3,601,944, marking a 34.7% increase year-over-year[14] - Borrowings decreased to €8,082,901 from €9,208,217, reflecting a reduction of 12.2%[14] Income and Expenses - The company recorded other income of approximately €14,513 for the six months ended June 30, 2019, down from approximately €38,462 for the same period in 2018[6] - The financial costs for the six months ended June 30, 2019, were approximately €227,227, compared to €136,057 for the same period in 2018, reflecting an increase of about 67.2%[6] - Sales and distribution expenses slightly increased to approximately €1.9 million for the six months ended June 30, 2019, compared to €1.7 million for the same period in 2018, primarily due to higher transportation and warehousing costs, as well as sales agent expansion[70] - Administrative expenses decreased to approximately €3.1 million for the six months ended June 30, 2019, from about €3.5 million for the same period in 2018, mainly due to lower employee costs and other administrative expenses[71] Corporate Governance - The company did not recommend the payment of dividends for the six months ended June 30, 2019[4] - The company has appointed a compliance advisor, which has declared its independence according to GEM listing rules, and the advisor's term will last until the financial results for the year ending December 31, 2020, are published[95] - The board believes that good corporate governance is essential for managing the group's business and has complied with the corporate governance code during the reporting period[96] - The audit committee consists of three independent non-executive directors, with Ms. Lam Lai Ting as the chairperson[97] - All directors confirmed compliance with the prescribed trading standards for securities transactions as of June 30, 2019, with no non-compliance incidents reported[92] Strategic Focus - The company continues to focus on the design and development of telecommunications products under the Alcatel, Swissvoice, and Amplicomms brands, targeting global markets excluding North America[16] - The company aims to enhance product management capabilities and expand into new overseas markets, focusing on products for the elderly and those with visual and hearing impairments[67] - The company plans to further develop and strengthen the Swissvoice and Amplicomms brands to expand its product range[67]
ATLINKS(08043) - 2019 - 中期财报