Revenue and Profitability - The group's revenue increased from approximately €7.5 million for the three months ended March 31, 2022, to approximately €8.3 million for the three months ended March 31, 2023, representing an increase of about 11.3%[6] - The profit attributable to equity holders of the company for the three months ended March 31, 2023, was approximately €0.1 million, compared to a loss of approximately €0.3 million for the same period in 2022[6] - Revenue for the three months ended March 31, 2023, was €8,337,295, representing a 11.3% increase from €7,489,757 in the same period of 2022[43] - Gross profit for the same period was €2,731,025, up from €2,076,501, indicating a significant improvement in profitability[43] - The company reported a net profit of €147,695 for Q1 2023, compared to a net loss of €276,522 in Q1 2022, marking a turnaround in financial performance[44] - The company reported a total comprehensive income of €148,987 for the period, compared to a total comprehensive loss of €154,510 in the same quarter of the previous year[44] - For the three months ended March 31, 2023, the company reported a profit attributable to equity holders of €147,695, compared to a loss of €276,522 in the same period of 2022[58] - Basic earnings per share for the three months ended March 31, 2023, was €0.04, a significant improvement from a loss of €0.07 per share in the same period of 2022[58] Sales Performance - Sales in the home phone segment increased by approximately 24.1% to about €6.5 million for the three months ended March 31, 2023[12] - Revenue from home phones increased to €6,459,216 in Q1 2023, up 24.1% from €5,205,337 in Q1 2022[53] - Revenue from the elderly products segment decreased to €1,071,419, down 21.7% from €1,368,203 in the same period last year[53] - Revenue from office phones also declined to €770,418, a decrease of 14.1% from €897,132 in Q1 2022[53] - Sales to France increased by approximately 11.3% to about €4.3 million, accounting for approximately 51.4% of total revenue for the three months ended March 31, 2023[19] - Revenue from France was €4,279,066, an increase of 11.4% from €3,843,457 in the previous year[54] - Other European countries contributed €2,402,853, up 24.3% from €1,933,779 in Q1 2022[54] Expenses and Costs - The gross profit margin improved from 27.7% in Q1 2022 to 32.8% in Q1 2023, primarily due to a decrease in material costs[23] - Sales and distribution expenses rose from approximately €0.8 million in Q1 2022 to about €0.9 million in Q1 2023, mainly due to increased marketing expenses[24] - The sales cost increased by approximately 3.6% to about €5.6 million for the three months ended March 31, 2023, consistent with the revenue increase[23] Dividends and Shareholder Information - The company does not recommend the payment of any dividends for the three months ended March 31, 2023[7] - The board of directors did not recommend the payment of a dividend for the three months ended March 31, 2023[27] - The company did not declare or pay any dividends for the three months ended March 31, 2023, and 2022[60] - As of March 31, 2023, the major shareholders included Eiffel Global with a 75% stake and TOHL with a 75% stake in the company[35] Corporate Governance and Compliance - The company believes it has complied with the corporate governance code during the reporting period[38] - The company’s audit committee consists of three independent non-executive directors, with Ms. Lam Lai Ting as the chairperson[39] - The financial statements for the three months ended March 31, 2023, were unaudited but reviewed by the audit committee[40] - There were no significant contracts entered into by the company or its subsidiaries during the reporting period that involved the directors[34] Taxation - The effective tax rate for Hong Kong profits was maintained at 16.5% for both 2023 and 2022[55] - The corporate income tax rate for operations in mainland China was 25% for both 2023 and 2022[55] - The corporate income tax rate for operations in France was also 25% for both 2023 and 2022[55] Stock Options and Share Buybacks - There were no share buybacks, sales, or redemptions by the company or its subsidiaries during the three months ended March 31, 2023[29] - No stock options were granted, exercised, canceled, or expired under the stock option plan during the three months ended March 31, 2023[30] - There were no potential dilutive ordinary shares issued during the periods, resulting in diluted earnings per share being the same as basic earnings per share[59] Reporting and Availability - The first quarter report is available on the Hong Kong Stock Exchange website and the company's website[41]
ATLINKS(08043) - 2023 Q1 - 季度财报