Financial Performance - For the six months ended June 30, 2024, the group recorded revenue of approximately €13.2 million, a decrease of about 18.9% compared to €16.3 million for the same period in 2023[4]. - The group reported a loss attributable to equity holders of approximately €0.4 million, compared to a profit of approximately €0.08 million for the six months ended June 30, 2023[4]. - Overall revenue for the first half of 2024 decreased by 18.9% compared to the same period in 2023[12]. - Gross profit for the same period was €4,565,811, down from €5,405,515, reflecting a decline of 15.5%[39]. - The net loss for the period was €358,681, compared to a profit of €79,567 in the prior year, indicating a significant downturn[39]. - The company's basic and diluted loss per share was €(0.09), compared to earnings per share of €0.02 in the previous year[39]. - The company incurred a net loss attributable to equity holders of €(358,681) for the first half of 2024, resulting in a basic loss per share of €(0.09), compared to a profit of €79,567 and earnings per share of €0.02 in the same period of 2023[51]. Revenue Breakdown - Revenue from France was €6.5 million, accounting for 49.2% of total revenue, compared to €7.8 million or 47.7% in the previous year[10]. - Revenue from other European countries was €4.5 million, representing 34.0% of total revenue, compared to €4.8 million or 29.7% in the previous year[10]. - Revenue from the Asia-Pacific/Middle East region decreased to €1.2 million, accounting for 8.9% of total revenue, down from €2.8 million or 17.0% in the previous year[10]. - The revenue breakdown by product type shows that home phones generated €8,586,874, senior products €2,340,792, office phones €1,722,427, and other products €584,950 for the first half of 2024[46]. - Revenue from France was €6,513,798, while other European countries contributed €4,503,472, the Asia-Pacific/Middle East region €1,178,005, Latin America €490,785, and North America €548,983[47]. Sales Performance - Sales of home phones decreased by approximately 31.6%, amounting to €8.6 million for the six months ended June 30, 2024[8]. - Office phone sales increased by approximately €0.3 million or 17.6% for the six months ended June 30, 2024[9]. - Sales to France decreased by 16.3% to approximately €6.5 million, accounting for about 49.2% of total revenue for the six months ended June 30, 2024[11]. - Sales to other European countries decreased by approximately 7.0% to about €4.5 million for the same period[12]. - Sales to the Asia-Pacific and Middle East regions decreased by 57.6% to approximately €1.2 million[11]. Cash Flow and Liquidity - As of June 30, 2024, the company had cash and cash equivalents of approximately €1.1 million, consistent with the previous year[19]. - The net cash flow from operating activities for the six months ended June 30, 2024, was €1,652,725, compared to a negative cash flow of €274,855 in the same period of 2023[44]. - Cash and cash equivalents at the end of the period were €1,060,868, down from €1,680,141 at the end of June 30, 2023[44]. - The company’s cash and cash equivalents stood at €1,060,868, down from €1,121,572, a decrease of 5.4%[41]. Assets and Liabilities - Total assets decreased to €27,872,441 as of June 30, 2024, from €29,171,932 at the end of 2023, a reduction of 4.4%[41]. - Total liabilities also decreased to €20,478,842 from €21,356,344, representing a decline of 4.1%[42]. - The company’s equity attributable to shareholders decreased to €7,393,599 from €7,815,588, a drop of 5.4%[41]. - The total amount of trade receivables pledged as collateral for bank financing was approximately €3,893,385, down from €4,720,122 as of December 31, 2023[23]. - The total trade receivables amounted to €8,044,213, a decrease of 13.7% from €9,323,777 as of December 31, 2023[60]. - The inventory value as of June 30, 2024, was €6,994,161, down from €8,492,196 as of December 31, 2023, indicating a reduction of approximately 17.6%[59]. Corporate Governance and Compliance - The company adhered to the corporate governance code as outlined in the GEM Listing Rules during the six months ended June 30, 2024[36]. - The board confirmed compliance with the trading compliance standards, with no non-compliance incidents reported during the six months ended June 30, 2024[31]. - The company had no significant contracts involving directors with substantial interests during the six months ended June 30, 2024[30]. Investments and Acquisitions - The company completed the acquisition of a group of companies for approximately HK$2 million on March 2024, focusing on baby monitoring products in North America[17]. - The company invested €894,813 in intangible assets and €126,958 in property, plant, and equipment during the first half of 2024, leading to a total cash outflow from investing activities of €(1,021,771)[44]. Debt and Financing - The net debt-to-equity ratio was approximately 57.8% as of June 30, 2024, compared to 57.5% at the end of 2023[20]. - The secured bank loans and factoring loans as of June 30, 2024, totaled €7,110,733, compared to €7,316,725 as of December 31, 2023, showing a decrease of approximately 2.8%[67]. - The total balance of loans from related parties was €4,079,023, a decrease from €4,372,365 as of December 31, 2023, reflecting a reduction of about 6.7%[65]. - The total interest expenses for loans from major management personnel amounted to €53,401 for the six months ended June 30, 2024, down from €28,626 in the same period of 2023, indicating an increase of approximately 86.5%[64]. Dividends - The company did not recommend the payment of any dividends for the six months ended June 30, 2024[4]. - The company has not declared or paid any dividends for the six months ended June 30, 2024, consistent with the same period in 2023[68].
ATLINKS(08043) - 2024 - 中期财报