Revenue and Profitability - The group's revenue increased from approximately €15.2 million for the six months ended June 30, 2022, to approximately €16.3 million for the six months ended June 30, 2023, representing a growth of about 7.1%[11] - The group recorded a profit attributable to equity holders of approximately €80,000 for the six months ended June 30, 2023, compared to a loss of approximately €600,000 for the same period in 2022[11] - Revenue for the six months ended June 30, 2023, was €16,313,292, an increase of 7.1% compared to €15,226,994 for the same period in 2022[63] - Gross profit for the six months ended June 30, 2023, was €5,405,515, representing a 33.1% increase from €4,060,998 in the prior year[63] - Operating profit for the six months ended June 30, 2023, was €423,861, a significant improvement from a loss of €483,838 in the same period of 2022[63] - The net loss for the six months ended June 30, 2023, was €68,128, compared to a loss of €310,516 in the prior year, indicating a reduction in losses[64] Sales Performance - Sales of home phones increased by approximately 11.4% to about €12.6 million for the six months ended June 30, 2023[18] - Home phones accounted for 77.0% of total revenue for the six months ended June 30, 2023, compared to 74.0% for the same period in 2022[16] - Revenue from elderly products was approximately €2.3 million, representing about 13.8% of total revenue for the six months ended June 30, 2023[19] - Revenue from office phones was approximately €1.5 million, accounting for about 9.0% of total revenue for the six months ended June 30, 2023[19] - Revenue from France for the six months ended June 30, 2023, was approximately €7.8 million, representing 47.7% of total revenue[21] - Revenue from other European countries increased to approximately €4.8 million, accounting for 29.7% of total revenue for the six months ended June 30, 2023[21] - Sales to France decreased by 4.2% to approximately €7.8 million, accounting for about 47.7% of total revenue for the six months ended June 30, 2023[26] - Sales to other European countries increased by approximately 46.2% to about €4.8 million for the same period[27] - Sales to the Asia-Pacific and Middle East regions rose by 73.3% to approximately €2.8 million[27] - Sales to Latin America decreased by 58.4% to about €0.9 million[28] Financial Position - Cash and cash equivalents decreased to approximately €1.7 million as of June 30, 2023, down from about €2.5 million at the end of 2022[42] - The net capital debt ratio increased to approximately 58.6% as of June 30, 2023, compared to about 56% at the end of 2022[43] - As of June 30, 2023, the group's trade receivables amounted to approximately €4,854,211, an increase from €4,731,267 as of December 31, 2022[48] - The group's pledged bank deposits totaled approximately €2,177,190, up from €1,937,523 as of December 31, 2022[48] - Total assets as of June 30, 2023, were €33,138,959, slightly down from €33,329,956 as of December 31, 2022[69] - Total liabilities decreased to €25,319,846 as of June 30, 2023, from €25,551,105 at the end of 2022[69] - Trade receivables were €8,932,363 as of June 30, 2023, slightly down from €9,119,105 at the end of 2022[69] - The inventory as of June 30, 2023, was valued at €9,479,384, compared to €9,326,738 as of December 31, 2022, showing an increase of approximately 1.6%[92] Corporate Governance and Compliance - The group did not recommend the payment of any dividends for the six months ended June 30, 2023[12] - The board confirmed compliance with the trading compliance standards, with no non-compliance incidents reported during the six months ended June 30, 2023[54] - The company maintained good corporate governance practices, aligning with the GEM Listing Rules during the six months ended June 30, 2023[59] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2023[61] - The company had no significant contracts involving directors with substantial interests during the six months ended June 30, 2023[53] Shareholder Information - The major shareholders, including Eiffel Global and TOHL, each held 75% of the company's shares as of June 30, 2023[55] - No share options were granted, exercised, cancelled, or lapsed under the share option scheme during the six months ended June 30, 2023[50] - The company did not purchase, sell, or redeem any of its shares during the six months ended June 30, 2023[49] - The company maintained 400,000,000 issued shares throughout both periods, indicating stability in capital structure[96] Expenses and Cash Flow - Administrative expenses increased from approximately €2.6 million to about €3.0 million due to inflation-related employee cost growth[34] - The net cash outflow from operating activities was €(274,855), significantly improved from €(1,329,243) in the first half of 2022[74] - The company reported a net loss of €(587,038) for the six months ended June 30, 2022, while the total comprehensive income for the same period in 2023 was €40,262[72] - The company's financing activities resulted in a net cash outflow of €(399,282) for the first half of 2023, compared to €(1,029,113) in the same period of 2022[74] - Interest expenses on loans from major shareholders increased from €668,154 in the first half of 2022 to €102,807 in the first half of 2023[101] Tax and Deferred Tax - The company operates under a corporate tax rate of 25.0% in France and China, consistent with the previous year[84] - The deferred tax expense for the six months ended June 30, 2023, was €(68,569), a decrease from €(132,941) in the same period of 2022, indicating improved tax efficiency[85]
ATLINKS(08043) - 2023 - 中期财报