Financial Performance - The group's revenue for the year ended December 31, 2023, was approximately €29.7 million, compared to €30.0 million for the year ended December 31, 2022[5]. - The gross profit margin increased from approximately 26.6% for the year ended December 31, 2022, to approximately 31.7% for the year ended December 31, 2023[6]. - The group recorded a profit attributable to equity holders of the company of approximately €105,000 for the year ended December 31, 2023, compared to a loss of approximately €890,000 for the year ended December 31, 2022[6]. - The operating profit for the year ended December 31, 2023, was approximately €817,881, compared to an operating loss of approximately €674,025 for the previous year[10]. - The company reported a basic and diluted earnings per share of €0.03 for the year ended December 31, 2023, compared to a loss per share of €0.22 for the previous year[10]. - Total revenue for 2023 was €29,729,520, a decrease of 0.8% from €29,961,316 in 2022[24]. - The group reported a net profit attributable to equity holders of €105,179 for 2023, compared to a net loss of €889,896 in 2022[37]. - Basic earnings per share for 2023 was €0.03, recovering from a loss of €0.22 per share in 2022[37]. - Total expenses for 2023 amounted to €29,244,870, down from €31,146,070 in 2022, indicating a reduction of 6.1%[28]. Assets and Liabilities - The total assets decreased from €33.3 million as of December 31, 2022, to €29.2 million as of December 31, 2023[13]. - The total liabilities decreased from €25.6 million as of December 31, 2022, to €21.4 million as of December 31, 2023[14]. - The net cash and cash equivalents decreased from €2.5 million as of December 31, 2022, to €1.1 million as of December 31, 2023[13]. - Trade receivables stood at €9,323,777 in 2023, slightly down from €9,458,004 in 2022[40]. - Trade receivables as of December 31, 2023, totaled €9.07 million, slightly down from €9.12 million in 2022[41]. - Trade payables decreased from €7.35 million in 2022 to €4.93 million in 2023[44]. - The group had approximately €7.3 million in various bank borrowings and overdrafts as of December 31, 2023, down from about €9.7 million as of December 31, 2022, a decrease of approximately €2.4 million[73]. - Net debt-to-equity ratio increased to approximately 57% as of December 31, 2023, from about 56% as of December 31, 2022, primarily due to a decrease in bank borrowings and an increase in shareholder loans[74]. Sales Performance - Revenue from home phones decreased to €21,058,479 in 2023 from €22,054,430 in 2022, representing a decline of 4.5%[24]. - Revenue from office phones increased to €3,628,798 in 2023, up 33.1% from €2,727,808 in 2022[24]. - Sales of home phones decreased by approximately 4.5% to about €21.1 million in 2023[52]. - Sales of office phones increased by approximately 33.0% to about €3.6 million, driven by increased demand in Europe[54]. - Sales to France decreased by approximately 3.4% to about €13.9 million, representing 46.8% of total revenue[58]. - Sales to other European countries increased by approximately 31.7% to about €9.5 million, mainly contributed by the UK and Spain[58]. Inventory and Costs - The group’s total inventory cost for 2023 was €19,493,790, down from €20,857,133 in 2022, reflecting a decrease of 6.5%[28]. - Sales cost decreased by approximately 7.6% from about €22.0 million for the year ended December 31, 2022, to about €20.3 million for the year ended December 31, 2023[62]. - Gross profit margin increased from approximately 26.6% for the year ended December 31, 2022, to approximately 31.7% for the year ended December 31, 2023, mainly due to reduced material costs and the positive impact of RMB depreciation against the Euro[62]. - Total employee costs, including directors' remuneration, were approximately €3.9 million for the year ended December 31, 2023, compared to about €3.6 million for the year ended December 31, 2022[71]. Dividends and Recommendations - The company did not recommend the payment of any dividends for the year ended December 31, 2023[7]. - The board did not recommend the payment of a dividend for the year ended December 31, 2023, consistent with the previous year[66]. Future Plans and Opportunities - The company plans to launch several new products in the second quarter of 2024 and aims to transition to new alternative product solutions within the year[60]. - The company is actively seeking acquisition opportunities to expand its business into new categories and regions[61]. Audit and Compliance - The audit committee has reviewed the group's performance for the year ending December 31, 2023[93]. - The group's preliminary announcement has been verified by KPMG, confirming consistency with the consolidated financial statements for the year[89]. - The audit committee consists of three independent non-executive directors, ensuring compliance with GEM listing rules[92]. - The company will suspend share transfer registration from May 7 to May 10, 2024, to determine shareholder rights for the upcoming annual general meeting[88].
ATLINKS(08043) - 2023 - 年度业绩