Financial Performance - The group's revenue increased from approximately €29.8 million for the year ended December 31, 2020, to approximately €34.1 million for the year ended December 31, 2021, representing a growth of about 14.2%[14]. - Total revenue for the year ended December 31, 2021, was approximately €34.1 million, an increase of about 14.8% compared to €29.8 million in 2020[24]. - Revenue for the fiscal year ending December 31, 2021, reached $150 million, representing a 15% increase compared to the previous year[66]. - The company recorded a profit attributable to equity holders of approximately €0.2 million for the year ended December 31, 2021, down from €0.5 million in 2020[35]. Sales Performance - Sales in the home phone segment increased by approximately 21.0% year-on-year, amounting to about €24.7 million for the year ended December 31, 2021[19]. - Sales of elderly products remained stable at approximately €6.2 million for the year ended December 31, 2021[20]. - The office phone segment also maintained stable sales of approximately €3.1 million, driven by ongoing demand for network phones and wireless conferencing systems in Europe[20]. - Sales to France increased by approximately 11.1% to about €18.6 million in 2021, compared to €16.7 million in 2020[28]. - Sales to other European countries rose by approximately 29.0% to about €8.9 million in 2021, compared to €6.9 million in 2020[29]. - Sales to the Asia-Pacific, Russia, and Middle East regions decreased by approximately 10.3% to about €3.7 million in 2021, compared to €4.1 million in 2020[29]. - Sales to Latin America increased by approximately 38.7% to about €2.9 million in 2021, compared to €2.1 million in 2020[30]. Gross Profit and Margins - The gross profit margin improved from approximately 30.2% for the year ended December 31, 2020, to approximately 31.1% for the year ended December 31, 2021[15]. - Gross profit margin improved from approximately 30.2% in 2020 to about 31.1% in 2021, despite an increase in cost of sales from about €20.8 million to approximately €23.5 million[32]. Market Strategy - The company plans to continue focusing on the elderly market, particularly developing products suitable for individuals with vision and hearing impairments under the Swissvoice and Amplicomms brands[10]. - The company plans to expand its market share in the home phone business by launching more optimized products across different price ranges and enhancing product features[31]. - The company is expanding its market presence in Latin America, aiming for a 30% increase in market share by 2023[62]. Corporate Governance - The board has established four committees to enhance corporate governance, including a risk management committee and an audit committee[67]. - The company has maintained compliance with the corporate governance code, ensuring high standards of business ethics[66]. - The independent directors are actively involved in reviewing financial data and providing strategic recommendations[59]. - The company has adopted a corporate governance policy to ensure compliance with legal and regulatory requirements[79]. - The board is responsible for executing corporate governance duties and has adopted a written terms of reference for its functions[80]. Risk Management - The company has established a risk management committee to regularly review internal control policies and procedures related to sanctions compliance[4]. - The risk management system is designed to manage risks rather than eliminate them, ensuring reasonable assurance against significant misstatements or losses[107]. - The board has established a risk management committee to enhance internal risk management functions, meeting at least twice a year to monitor sanction risks[107]. Environmental, Social, and Governance (ESG) Initiatives - The company has established policies to manage and monitor environmental and community-related risks, ensuring sustainable growth[133]. - The ESG committee, comprising the CFO and other key personnel, is responsible for reviewing and overseeing ESG procedures and risk management[144]. - The company conducts annual materiality assessments to understand stakeholder expectations and concerns regarding ESG issues[145]. - The company aims to create value for stakeholders and the community by integrating environmental and social factors into its management considerations[133]. Sustainability Goals - Greenhouse gas emissions for 2021 totaled 14.90 tons of CO2 equivalent, a decrease from 19.68 tons in 2020, representing a reduction of approximately 24.5%[153]. - The company aims to reduce greenhouse gas emissions by 2% by 2030[152]. - The total amount of non-hazardous waste produced has decreased, attributed to effective environmental measures, with a target to reduce it by 1% by 2030[157]. - The group aims to reduce air pollutant emissions by 2% by 2030[159]. Financial Position - Cash and cash equivalents as of December 31, 2021, were approximately €5.0 million, a decrease of about €0.3 million from €5.3 million as of December 31, 2020[42]. - As of December 31, 2021, the net debt-to-equity ratio of the group was approximately 48%, an increase from 27% as of December 31, 2020, primarily due to a decrease in bank borrowings and an increase in shareholder loans to support operational funding[43]. - The company has maintained a stable financial position with no major liabilities or commitments impacting future operations[44][46]. Shareholder Engagement - The company provides a platform for shareholders to communicate through various channels, including annual general meetings and reports[120]. - The company emphasizes maintaining high levels of transparency to strengthen investor relations, providing updates through quarterly, interim, and annual reports[117].
ATLINKS(08043) - 2021 - 年度财报