Financial Performance - For the fiscal year ending December 31, 2024, the group's revenue was approximately €29.5 million, slightly down from €29.7 million in the previous year[15]. - The gross profit margin improved from approximately 31.7% for the year ending December 31, 2023, to about 36.4% for the year ending December 31, 2024[16]. - The company successfully recovered from losses in the first half of 2024 and achieved profitability for the full year[10]. - A significant acquisition in early 2024 contributed to improved profit margins despite a slight decline in overall revenue[10]. - The company reported a decrease in sales of home phones and elderly care products, offset by growth in office phones and new product sales[15]. - The company recorded a profit of approximately €15,000 for the year ended December 31, 2024, compared to a profit of approximately €105,000 for the year ended December 31, 2023[37]. - The company expects revenue growth in 2025 through favorable product mix, expanded sales channels, and optimized operational efficiency[33]. - The company has a strong order book and is optimistic about future opportunities despite ongoing economic and political uncertainties[33]. Revenue Breakdown - The revenue breakdown by product category for 2024 shows that home phones accounted for €18.8 million (63.8%), office phones €4.1 million (13.9%), elderly care products €4.0 million (13.5%), and other products €2.6 million (8.8%)[18]. - Home phone sales for the year ended December 31, 2024, were approximately €18.8 million, a decrease of about 10.7% compared to the same period in 2023[19]. - Office phone sales for the year ended December 31, 2024, were approximately €4.1 million, an increase of about 13.2% driven by increased demand in Europe[19]. - Sales in the elderly product category decreased by approximately €0.8 million or 16.6% compared to the previous year[20]. Cost and Expenses - Sales and distribution expenses increased from approximately €3.3 million in 2023 to approximately €4.0 million in 2024, primarily due to increased shipping and advertising costs[35]. - The total employee cost for the year ended December 31, 2024, was approximately €4.1 million, compared to about €3.9 million in 2023, with a total of 62 employees as of December 31, 2024, up from 48 in 2023[45]. Debt and Cash Management - As of December 31, 2024, the company had a cash and cash equivalents balance of approximately €1.7 million, an increase of about €0.6 million from €1.1 million as of December 31, 2023[46]. - The net capital debt ratio improved to approximately 55% as of December 31, 2024, down from 57% as of December 31, 2023, primarily due to increased cash and reduced borrowings[49]. - The company had various bank borrowings and overdrafts totaling approximately €7.3 million as of December 31, 2024, unchanged from December 31, 2023[46]. - The company had trade receivables amounting to approximately €4.66 million as of December 31, 2024, down from €4.72 million in 2023[53]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests[72]. - The board of directors held four meetings and one annual general meeting during the year ending December 31, 2024[79]. - The board consists of eight members, including executive, non-executive, and independent non-executive directors[77]. - The company has established four board committees: Risk Management Committee, Audit Committee, Remuneration Committee, and Nomination Committee[75]. - The company has adhered to the principles of the corporate governance code for the year ending December 31, 2024[74]. Risk Management - The risk management committee held one meeting during the year and reviewed the group's risk management and internal control systems, which were deemed effective and sufficient[92]. - The company has established a risk management committee to regularly review internal control policies and procedures related to international sanctions[117]. - The company continuously assesses international sanction legal risks, especially before entering agreements or business with new clients[113]. Environmental, Social, and Governance (ESG) - The report covers the environmental, social, and governance (ESG) performance of Atlinks Group Limited for the fiscal year 2024, from January 1 to December 31, 2024[134]. - The company adheres to the GEM Listing Rules and ESG reporting guidelines, ensuring consistency and transparency in its reporting practices[136][137]. - The board of directors is responsible for overseeing all ESG matters and ensuring the effectiveness of risk management and internal control systems[143]. - Stakeholder engagement is prioritized, with regular communication channels established to address concerns and incorporate feedback into business operations[145]. Employee Management - The total number of employees increased to 62 as of December 31, 2024, compared to 48 in 2023[183]. - The overall employee turnover rate for 2024 was 11%, up from 10% in 2023[186]. - The average training hours per employee decreased to 2.11 hours in 2024 from 4.01 hours in 2023, with 103 employees receiving training[194]. - The company achieved zero work-related fatalities for three consecutive years, maintaining a fatality rate of 0%[190]. Sustainability Initiatives - The company aims to achieve a 1% reduction in energy consumption density from 0.16 MWh/sqm in 2021 to a target of 0.07 MWh/sqm by 2030[154]. - The greenhouse gas emissions density target is set to decrease from 0.044 tons CO2 equivalent/sqm in 2021 to 0.02 tons CO2 equivalent/sqm by 2030, representing a 1% reduction[154]. - The company has implemented several recycling initiatives, including participation in recycling programs and encouraging double-sided printing in offices[163]. - The group has implemented an energy management system certified by ISO 50001 for its IT infrastructure, including data centers[166].
ATLINKS(08043) - 2024 - 年度财报