Red maybe live or line. Black is not neutral, it is probably switched live.
At the first switch incoming cable red to LIVE terminal. Incomming black to LOAD terminal. Outgoing cable red to LOAD, black to S-LINK. This repeated i.e. LOAD and S-LINK on the other switches
At the first switch incoming cable red to LIVE terminal. Incomming black to LOAD terminal. Outgoing cable red to LOAD, black to S-LINK. This repeated i.e. LOAD and S-LINK on the other switches