Financial Performance - For the six months ended June 30, 2025, the group recorded revenue of approximately €13.0 million, a decrease of about 2.1% compared to €13.2 million for the same period in 2024[4] - The group achieved a profit attributable to equity holders of approximately €40,538, a significant improvement from a loss of €358,681 in the prior year[4] - Gross profit for the period was €4,638,775, compared to €4,565,811 for the same period in 2024, indicating a slight increase in gross margin[6] - Total revenue for the six months ended June 30, 2025, was €12,961,756, a decrease of 2.06% from €13,235,043 in 2024[14] - Revenue from home phones was €8,129,876, down 5.31% from €8,586,874 in 2024[14] - Revenue from office phones decreased significantly by 38.67% to €1,055,025 from €1,722,427 in 2024[14] - Revenue from the Asia-Pacific and Middle East regions increased substantially to €2,509,783, up 113.33% from €1,178,005 in 2024[15] - Basic earnings per share for the six months ended June 30, 2025, was €0.01, compared to a loss of €0.09 in 2024[20] - The company reported a profit of approximately €41,000 for the six months ended June 30, 2025, compared to a loss of about €400,000 for the same period in 2024[46] Assets and Liabilities - The total assets decreased to €26,254,566 as of June 30, 2025, down from €30,688,368 as of December 31, 2024[8] - Current liabilities decreased to €17,742,358 from €21,812,603, reflecting improved liquidity management[9] - Trade receivables as of June 30, 2025, were €7,198,884, a decrease from €9,427,392 as of December 31, 2024[22] - Trade payables decreased to €4,215,667 as of June 30, 2025, from €6,805,528 as of December 31, 2024[24] - The total amount of trade receivables pledged for bank financing was approximately €3.6 million as of June 30, 2025, compared to €4.7 million as of December 31, 2024[57] - The group had outstanding foreign exchange forward contracts with a nominal principal amount of approximately RMB 434 million as of June 30, 2025, up from RMB 308 million as of December 31, 2024[51] - The group had various bank borrowings and overdrafts amounting to approximately €6.4 million as of June 30, 2025, down from approximately €7.3 million as of December 31, 2024[53] Dividends and Taxation - The company does not recommend the payment of any dividends for the six months ended June 30, 2025[5] - The company did not declare or pay any dividends for the six months ended June 30, 2025, consistent with 2024[29] - The effective tax rate for Hong Kong profits tax was maintained at 16.5% for both 2025 and 2024[17] - The company reported a current tax expense of €21,102 for the six months ended June 30, 2025[18] Operational Highlights - The company continues to focus on the design and development of telecommunications products under brands such as Alcatel and Swissvoice[10] - Home phone sales decreased by approximately €0.5 million or 5.3%, while the global home phone market is expected to decline at a rate of 15% annually[34] - The sales of office phones dropped by approximately €0.7 million or 38.8%, primarily due to product transition adjustments from a major European customer[34] - Sales to France decreased by 4.2% to approximately €6.2 million, accounting for about 48.1% of total revenue for the period[40] - Sales to the Asia-Pacific and Middle East regions increased by 113.1% to approximately €2.5 million[40] Cost Management - Administrative expenses decreased from approximately €2.9 million to €2.6 million, mainly due to resource allocation optimization[45] - Total employee costs for the six months ended June 30, 2025, were approximately €1.9 million, consistent with the same period in 2024[52] Financial Policies - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with applicable disclosure requirements[12] - The group has adopted a conservative treasury policy to manage credit risk and liquidity needs[49] - The group has implemented a hedging policy to manage foreign exchange risks related to RMB and USD[51] Other Information - There were no significant investments, acquisitions, or disposals of subsidiaries as of June 30, 2025[48] - The group did not have any significant contingent liabilities as of June 30, 2025, consistent with December 31, 2024[55] - There were no changes in the capital structure of the company for the six months ended June 30, 2025[56] - As of June 30, 2025, the group had cash and cash equivalents of approximately €0.7 million, a decrease of about €1.0 million from €1.7 million as of December 31, 2024[53] - The net capital debt ratio as of June 30, 2025, was approximately 57%, compared to about 55% as of December 31, 2024[54]
ATLINKS(08043) - 2025 - 中期业绩