Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately €29.5 million, compared to €29.7 million for the year ended December 31, 2023, indicating a slight decline of 0.8%[5] - Total revenue for 2024 was €29,474,163, a decrease of 0.9% from €29,729,520 in 2023[24] - The net profit attributable to equity holders of the company for the year ended December 31, 2024, was €15,297, a significant decrease from €105,179 for the year ended December 31, 2023, representing a decline of 85.5%[10] - Basic earnings per share for 2024 were €0.00, down from €0.03 in 2023[39] - The group recorded a profit of approximately €15,000 for the year ending December 31, 2024, down from approximately €105,000 for the year ending December 31, 2023[69] Profitability and Margins - The gross profit margin improved from approximately 31.7% for the year ended December 31, 2023, to approximately 36.4% for the year ended December 31, 2024[6] - Gross margin improved from approximately 31.7% for the year ending December 31, 2023, to approximately 36.4% for the year ending December 31, 2024, due to reduced material costs and competitive pricing from new suppliers[66] Revenue Breakdown - Revenue from home phones decreased to €18,810,786 in 2024 from €21,058,479 in 2023, representing a decline of 10.7%[24] - Revenue from office phones increased to €4,106,795 in 2024 from €3,628,798 in 2023, showing an increase of 13.1%[24] - Revenue from the "Other" segment, which includes subscription income and baby monitor sales, contributed €2,590,000, up from €289,000 in 2023[53] - Sales of home phones decreased by approximately 10.7% to €18.8 million, while office phone sales increased by about 13.2% to €4.1 million[54] - Sales to France increased by approximately 5.8% to €14.7 million, representing 50.0% of total revenue for 2024[60] Expenses and Liabilities - The company reported a significant increase in sales and distribution expenses, which rose to €4.00 million in 2024 from €3.27 million in 2023, an increase of 22.4%[10] - Total expenses for 2024 were €28,804,941, a slight decrease from €29,244,870 in 2023[30] - The total liabilities rose to €22.88 million as of December 31, 2024, compared to €21.36 million as of December 31, 2023, marking an increase of 7.1%[14] - Trade payables increased significantly to €6,805,528 in 2024 from €4,933,859 in 2023[45] Assets and Cash Flow - The total assets increased to €30.69 million as of December 31, 2024, from €29.17 million as of December 31, 2023, reflecting a growth of 5.2%[13] - As of December 31, 2024, the company had cash and cash equivalents of approximately €1.7 million, an increase of about €0.6 million from €1.1 million as of December 31, 2023[80] - The net debt-to-equity ratio improved to approximately 55% as of December 31, 2024, from about 57% as of December 31, 2023, due to increased cash and reduced borrowings[82] Tax and Losses - The group has unrecognized tax losses of €297,466 in Hong Kong as of December 31, 2024[37] - The group’s deferred tax asset related to tax losses in mainland China was not recognized due to unpredictability of future profit streams[37] - The group’s income tax expense for 2024 was €62,693, compared to a tax credit of €25,561 in 2023[34] Corporate Governance - The company has complied with the corporate governance code principles and applicable code provisions for the year ending December 31, 2024[90] - The company confirmed that all directors adhered to the trading standards and code of conduct for securities transactions for the year ending December 31, 2024[91] - The company has maintained a minimum of 25% public float of its issued shares as required by GEM listing rules for the year ending December 31, 2024[94] - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[100] - The external auditor, KPMG, has verified the figures in the preliminary announcement for the year ending December 31, 2024, but did not provide an opinion or assurance[97] Future Outlook - The company expects revenue growth by 2025, supported by a favorable product mix, expanded sales channels, and optimized operational efficiency[63] - The company is optimistic about future opportunities despite ongoing economic and political uncertainties, supported by a diversified product portfolio[62] Employee and Operational Changes - The company employed a total of 62 employees as of December 31, 2024, compared to 48 employees in the previous year, with total employee costs of approximately €4.1 million[79] - The company completed the acquisition of several companies, including 100% of the issued share capital of five health-related companies, enhancing its presence in the North American market for baby monitoring products[72] Shareholder Information - The board did not recommend a dividend for the year ending December 31, 2024, consistent with the previous year[70] - The annual general meeting is scheduled for May 9, 2025, with a notice to be published on March 20, 2025[95] - The company will suspend the transfer of shares from May 6, 2025, to May 9, 2025, to determine shareholder rights for the upcoming annual general meeting[96]
ATLINKS(08043) - 2024 - 年度业绩