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]
ATLINKS(08043) - 2021 Q1 - 季度财报