Revenue Performance - The group's revenue decreased from approximately €25.4 million for the nine months ended September 30, 2018, to approximately €22.9 million for the nine months ended September 30, 2019, representing a decline of about 9.6%[12] - For the nine months ended September 30, 2019, the company reported total revenue of €22,932,167, a decrease of 9.5% compared to €25,361,175 for the same period in 2018[67] - For the nine months ended September 30, 2019, total revenue was €22,932,167, a decrease of 9.6% compared to €25,361,175 for the same period in 2018[80] - Revenue from home phones was €18,520,995, down 14.1% from €21,553,840 in the previous year[80] - Revenue from office phones was €2,297,429, a decrease of 4.5% compared to €2,405,249 for the same period in 2018[80] - Revenue from other products increased to €2,113,743, up 50.7% from €1,402,086 in the previous year[80] - Sales from the home phone segment decreased to approximately €18.5 million, accounting for about 80.8% of total revenue for the nine months ended September 30, 2019[20] - Sales from the office phone segment were approximately €2.3 million, representing about 10.0% of total revenue for the nine months ended September 30, 2019[21] - Revenue from France was €12,284,242, down 10% from €13,648,157 in the same period last year[82] - Sales to France accounted for approximately 53.6% of total revenue for the nine months ended September 30, 2019, compared to 53.8% for the same period in 2018[38] - Revenue from Latin America was €3,466,954, a decrease of 25.6% compared to €4,659,022 in the previous year[82] - Sales to Latin America decreased from approximately 18.4% of total revenue for the nine months ended September 30, 2018, to approximately 15.1% for the same period in 2019[38] Financial Losses - The group recorded a loss attributable to equity holders of approximately €1.4 million for the nine months ended September 30, 2019, compared to a loss of approximately €0.3 million for the same period in 2018[12] - The net loss for the nine months ended September 30, 2019, was €1,373,736, compared to a net loss of €320,501 for the same period in 2018, representing an increase in loss of 328.5%[67] - The company reported a loss attributable to equity holders of €422,894 for the three months ended September 30, 2019, compared to a loss of €215,868 for the same period in 2018, representing a 96% increase in losses year-over-year[89] - For the nine months ended September 30, 2019, the company reported a loss attributable to equity holders of €1,367,745, significantly higher than the €316,637 loss for the same period in 2018, marking a 332% increase[89] - The basic loss per share for the nine months ended September 30, 2019, was €0.34, compared to €0.08 for the same period in 2018, representing a 325% increase[89] - The basic loss per share for the three months ended September 30, 2019, was €0.11, compared to €0.05 for the same period in 2018, indicating a 120% increase in loss per share[89] - The total comprehensive loss for the nine months ended September 30, 2019, was €1,240,901, compared to €353,851 for the same period in 2018, indicating a significant increase in comprehensive loss[69] Cost Management - Sales cost decreased from approximately €18.3 million for the nine months ended September 30, 2018, to about €17.0 million for the same period in 2019, a reduction of approximately 7.3%[40] - The company's total sales cost for the nine months ended September 30, 2019, was €17,011,430, a decrease of 7.3% from €18,348,565 in the previous year[67] - Administrative expenses decreased from approximately €4.9 million for the nine months ended September 30, 2018, to about €4.5 million for the same period in 2019[42] - Sales and distribution expenses slightly decreased from approximately €2.7 million to €2.5 million for the nine months ended September 30, 2018, and 2019, respectively[41] Strategic Initiatives - The company is expanding its product range to include products for the elderly market, such as portrait button phones and mobile devices, with plans to launch in the Asia-Pacific region by year-end[39] - The company is negotiating with local service providers to launch elderly products and services, further developing assistive services for visually and hearing-impaired seniors[39] - The company continues to focus on the design and development of telecommunications products under the Alcatel, Swissvoice, and Amplicomms brands[73] Governance and Compliance - The company has appointed a compliance advisor, which is expected to enhance its governance and compliance with GEM listing rules[61] - The group did not recommend the payment of any dividends for the nine months ended September 30, 2019[13] - The company did not declare or pay any dividends for the nine months ended September 30, 2019, and 2018[90] - The company has not purchased, redeemed, or sold any of its shares during the nine months ended September 30, 2019[48] Taxation - The effective tax rate for Hong Kong operations was 8.25% on the first HKD 2 million (approximately €227,000) of taxable profits, followed by 16.5%[85] - The company operates under a 25% corporate income tax rate for its mainland China operations[85] - The total tax expense for the nine months ended September 30, 2019, was €104,330, compared to €99,761 for the same period in 2018, showing a 4% increase[88] - The deferred tax expense for the nine months ended September 30, 2019, was €86,838, compared to €55,953 for the same period in 2018, reflecting a 55% increase[88] - The current tax expense for the three months ended September 30, 2019, was €55,016, compared to €12,392 for the same period in 2018, indicating a 344% increase[88]
ATLINKS(08043) - 2019 Q3 - 季度财报