ECO-TEK HOLDINGS LIMITED 環康集團有限公司 * ( 股份代號：8169) （於開曼群島註冊成立的有限公司） 截 至 二 零 二 五 年 四 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之 特 色 GEM之 定 位，乃 為 相 比 起 其 他 在 聯 交 所 上 市 之 公 司 帶 有 較 高 投 資 風 險 之 公 司 提 供 一 個 上 市 之 市 場。有 意 投 資 之 人 士 應 了 解 投 資 於 該 等 公 司 之 潛 在 風 險，並 應 經 過 審 慎 周 詳 之 考 慮 後 方 作 出 投 資 決 定。GEM之 較 高 風 險 及 其 他 特 色 表 示GEM較 適 合 專 業 及 其 他 資 深 投 資 者。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買 賣 之 證 券 可 能 會 較 在 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 之 市 場 波 動 風 險，同 時 無 法 保 證 在GEM買 賣 之 證 券 會 有 高 流 通 量 之 市 場。 香 ...

Revenue Performance - The company's revenue for the fiscal year ending October 31, 2024, decreased by 7% to HKD 94,644,000 from HKD 101,924,000 in the previous year[8]. - The water supply business revenue fell by 15% to HKD 39,698,000, down from HKD 46,628,000, primarily due to currency depreciation and a decrease in average water prices[9]. - The environmental products business maintained stable revenue at HKD 54,946,000, compared to HKD 55,296,000 in the previous year, highlighting the relevance of energy-saving products[13]. - Environmental products accounted for 58% of total revenue, while the water supply business accounted for 42%, indicating a diversified business model[8]. - The group reported a total asset value of HKD 71,455,000, which accounts for 42.4% of the total assets as of October 31, 2024[173]. - Total revenue for the year ended October 31, 2024, was HKD 94,644,000, a decrease of 7.5% compared to HKD 101,924,000 in 2023[184]. Profitability and Financial Health - The gross profit decreased by 15% to HKD 31,098,000, with a gross profit margin dropping from 36% to 33% due to the decline in average water selling prices and RMB depreciation[35]. - Operating profit significantly declined to HKD 130,000 from HKD 9,463,000 in 2023, indicating a drop of 98.6%[184]. - The company reported a loss attributable to owners of HKD 1,806,000 for the year, compared to a profit of HKD 5,593,000 in 2023[184]. - The total comprehensive income for the year ended October 31, 2024, was HKD 681,000, a recovery from a loss of HKD (1,806,000) in the previous year[193]. - The company recognized an expected credit loss provision of HKD 2,183,000, significantly higher than HKD 377,000 in the previous year[184]. Liquidity and Cash Flow - The current ratio as of October 31, 2024, was approximately 1.89, compared to 1.88 the previous year, indicating stable liquidity[37]. - Cash flow from operating activities showed a net outflow of HKD 9,590,000, contrasting with a net inflow of HKD 381,000 in the previous year[189]. - The cash and cash equivalents dropped to HKD 27,052,000 from HKD 41,485,000, a decrease of 34.9%[186]. - The net cash used in financing activities was HKD (3,574,000) compared to HKD (3,618,000) in 2023, showing a slight improvement[191]. Governance and Leadership - The company has a strong leadership team with over 35 years of experience in the engineering industry, led by Chairman Mr. Wu Cheng-Wei[19]. - The CEO position has been vacant, with responsibilities currently handled by the Executive Director[20]. - The Executive Director, Mr. Leung Wai-Lun, has over 30 years of experience in the engineering sector and joined the company in September 2015[21]. - The company has independent non-executive directors with extensive experience in finance and engineering, enhancing governance and oversight[25][24]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse governance structure[52]. Strategic Focus and Future Outlook - The company plans to participate in more trade exhibitions to strengthen market position and collaborate with various suppliers to enhance product variety[18]. - Future growth potential is cautiously optimistic, particularly in the environmental products sector, as global environmental awareness increases[15]. - The company is focused on advancing technology development and procurement of products that align with China's energy-saving and emission reduction policies[18]. - The group plans to continue sourcing more related products to comply with China's energy-saving and emission reduction policies and enhance market share through trade exhibitions[33]. - The company aims to leverage its leadership's extensive industry experience to drive future growth and market expansion[19][21]. Environmental Commitment - The company emphasizes sustainable development through waste management, pollution reduction, and effective resource utilization[16]. - The company aims to minimize its environmental impact by adhering to all relevant environmental regulations and implementing resource optimization policies[150]. - The company has implemented measures to monitor and reduce wastewater and sludge generated from its water treatment operations, ensuring compliance with Chinese environmental standards[152]. Employee and Stakeholder Relations - The company maintains a strong relationship with stakeholders, focusing on quality products and timely services to customers[129]. - The company emphasizes the importance of employee safety as a key factor for sustainable business growth[129]. - As of October 31, 2024, the company has no management or administrative contracts related to its overall or any major business[136]. Shareholder and Dividend Policy - The company adopted a dividend policy in January 2019, aiming to distribute surplus funds after meeting operational and future development needs[72]. - The company does not recommend the distribution of a final dividend for the year ending October 31, 2024[110]. - The company has a distributable reserve of approximately HKD 6,521,000 as of October 31, 2024[119]. Risk Management and Compliance - The company has established a clear organizational structure for risk management and internal controls, with responsibilities defined at the board, audit committee, and management levels[91]. - The audit committee is responsible for reviewing the adequacy and effectiveness of the company's risk management and internal control systems[98]. - The company has adopted a policy for timely and accurate disclosure of significant information, ensuring potential insider information is quickly identified and assessed[95]. - The company has implemented a shareholder communication policy to ensure equal and timely access to information for shareholders and potential investors[96].

Financial Performance - For the fiscal year ending October 31, 2024, revenue decreased by approximately 7% to HKD 94,644,000, compared to HKD 101,924,000 in the previous year[8] - The company reported a loss attributable to shareholders of HKD 1,806,000 for the fiscal year ending October 31, 2024, compared to a profit of HKD 5,593,000 in the previous year[8] - Basic and diluted loss per share for the fiscal year ending October 31, 2024, was HKD 0.28, while the previous year reported earnings per share of HKD 0.86[8] - Gross profit for the fiscal year ending October 31, 2024, was HKD 31,098,000, down from HKD 36,932,000 in the previous year[7] - Operating profit for the fiscal year ending October 31, 2024, was HKD 130,000, a significant decrease from HKD 9,463,000 in the previous year[7] - The company recorded other income of HKD 899,000 for the fiscal year ending October 31, 2024, compared to HKD 1,845,000 in the previous year[7] - Administrative expenses increased to HKD 26,751,000 for the fiscal year ending October 31, 2024, from HKD 25,522,000 in the previous year[7] - The company reported a profit of HKD 5,593,000 for the year, despite a loss of HKD 1,806,000 in the current year[15] - Other comprehensive income for the year was HKD 2,487,000, contributing to the overall financial performance[15] Assets and Liabilities - Total assets as of October 31, 2024, amounted to HKD 120,837,000, compared to HKD 120,426,000 in 2023, reflecting a slight increase[11] - Current liabilities decreased from HKD 48,168,000 in 2023 to HKD 49,702,000 in 2024, indicating a change in short-term financial obligations[12] - The net asset value increased to HKD 108,242,000 in 2024 from HKD 107,561,000 in 2023, showing a positive trend in equity[13] - The company’s total liabilities increased slightly from HKD 49,702,000 in 2023 to HKD 48,168,000 in 2024, indicating a manageable level of debt[12] - The company’s total equity increased to HKD 108,242,000 in 2024, up from HKD 107,561,000 in 2023, reflecting a stable financial position[13] Revenue Segments - For the fiscal year ending October 31, 2024, the total revenue from external customers was HKD 94,644,000, with HKD 54,946,000 from environmental products and HKD 39,698,000 from water supply[23] - The reported profit for the environmental products segment was HKD 13,304,000, while the water supply segment reported a profit of HKD 14,861,000, contributing to a total profit of HKD 28,165,000[24] - Revenue from the water supply business fell by 15% from HKD 46,628,000 to HKD 39,698,000, primarily due to a decrease in average water selling prices and the depreciation of the RMB[56] - The environmental products segment generated revenue of HKD 54,946,000, remaining relatively stable compared to HKD 55,296,000 in the previous year, indicating resilience to market fluctuations[56] - The contribution ratio of the environmental products and water supply segments to total revenue was 58% and 42%, respectively, compared to 54% and 46% in the previous year[49] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased from HKD 41,485,000 in 2023 to HKD 27,052,000 in 2024, indicating a reduction in liquidity[11] - As of October 31, 2024, the group's net current assets amounted to approximately HKD 42,912,000, a decrease from HKD 43,841,000 on October 31, 2023[60] - The current ratio as of October 31, 2024, was approximately 1.89, slightly up from 1.88 on October 31, 2023[60] Employee and Operational Costs - Total employee compensation for the year was HKD 17,327,000, up from HKD 17,050,000 in 2022[31] - Total employee costs, including director remuneration and mandatory contributions, were approximately HKD 17,188,000 for the year ending October 31, 2024, compared to HKD 17,470,000 for the previous year[67] Corporate Governance and Committees - The Audit Committee was established on December 5, 2001, to oversee the financial reporting process, risk management, and internal control systems[77] - The Audit Committee held four meetings up to October 31, 2024, to review operational conditions[77] - The Environmental, Social, and Governance (ESG) Committee was established in January 2022 to provide advice on managing ESG-related matters[78] - The Group's financial performance for the year ending October 31, 2024, was reviewed and deemed compliant with applicable accounting standards and regulations[79] Future Outlook and Strategy - The company plans to explore new strategies for market expansion and product development in the upcoming fiscal year[8] - The company remains cautiously optimistic about future prospects, focusing on expanding its environmental products business and improving water supply operations[54] - The completion of new railways is expected to enhance economic integration and development in the water supply service area, positively impacting the business[53]

Financial Performance - For the six months ended April 30, 2024, revenue was HKD 51,389,000, an increase of approximately 14% compared to HKD 45,143,000 for the same period in 2023[5] - Profit attributable to the owners of the company for the same period was HKD 2,010,000, relatively unchanged from HKD 2,004,000 in the previous year[5] - Basic earnings per share remained stable at approximately HKD 0.31 for both periods[5] - Gross profit for the six months ended April 30, 2024, was HKD 19,007,000, compared to HKD 16,686,000 in the previous year[7] - Operating profit increased to HKD 4,637,000 from HKD 4,382,000 year-on-year[7] - Total comprehensive income attributable to owners for the period was HKD 3,990,000, down from HKD 13,363,000 in the previous year[8] - Revenue for the six months ended April 30, 2024, was HKD 51,389,000, representing a 14.9% increase from HKD 45,143,000 for the same period in 2023[21] - Profit from operating segments for the six months ended April 30, 2024, was HKD 17,524,000, up 15.1% from HKD 15,226,000 in the prior year[25] - Sales of environmental products reached HKD 29,520,000, a 17.5% increase compared to HKD 25,141,000 in the previous year[21] - Water supply revenue increased to HKD 21,869,000, up 9.3% from HKD 20,002,000 in the same period last year[21] - Total comprehensive income for the six months ended April 30, 2024, was HKD 3,990,000, compared to HKD 13,363,000 for the previous period[16] - The group reported a net profit before tax of HKD 3,890,000, compared to HKD 3,913,000 in the same period last year[25] Assets and Liabilities - Cash and cash equivalents decreased to HKD 36,476,000 from HKD 47,316,000 year-on-year[14] - Non-current assets decreased to HKD 74,334,000 from HKD 76,996,000[10] - Total equity attributable to owners increased to HKD 111,551,000 from HKD 107,561,000[12] - The group’s total assets as of April 30, 2024, were HKD 170,257,000, a slight decrease from HKD 172,541,000 as of October 31, 2023[25] - Total liabilities increased to HKD 58,706,000 from HKD 51,500,000 in the previous period[25] - The total inventory as of April 30, 2024, was HKD 13,393,000, down from HKD 16,898,000 as of October 31, 2023, indicating a decrease of approximately 20.5%[38] - Accounts receivable increased to HKD 37,961,000 as of April 30, 2024, from HKD 27,490,000 as of October 31, 2023, representing a growth of about 38.3%[39] - The company's property, plant, and equipment net book value as of April 30, 2024, was HKD 65,184,000, a decrease from HKD 66,634,000 at the beginning of the period[36] - The company's total liabilities included contract liabilities of HKD 5,478,000 as of April 30, 2024, slightly down from HKD 5,671,000 as of October 31, 2023[41] - The company reported a foreign exchange forward contract liability of HKD 112,000 as of April 30, 2024, compared to HKD 127,000 as of October 31, 2023[44] - The company has a loan from a related party amounting to HKD 1,200,000 as of April 30, 2024, unchanged from October 31, 2023[42] Expenses and Costs - Depreciation expenses for property, plant, and equipment were HKD 3,113,000, an increase from HKD 2,425,000 in the previous year[28] - Employee costs, including directors' remuneration, rose to HKD 8,850,000 from HKD 8,325,000 in the prior year[28] - Administrative expenses rose by 2% to HKD 13,132,000 compared to HKD 12,837,000 in the previous year[55] - The company reported total employee costs of approximately HKD 8,900,000, an increase from HKD 8,300,000 for the same period in 2023, reflecting a growth of about 7.23%[63] - Employee costs, including key management personnel remuneration, totaled HKD 2,696,000, an increase from HKD 2,537,000 in the previous year[47] Corporate Governance and Management - The company has established various committees, including a Remuneration Committee and a Nomination Committee, to oversee governance and management practices[78][79] - The Audit Committee was established on December 5, 2001, to review and supervise the financial reporting process and internal control systems of the group[82] - The Audit Committee has reviewed the unaudited results for the six months ending April 30, 2024, and confirmed compliance with applicable accounting standards and regulations[82] - The board of directors includes executive directors Mr. Ng Cheng Wai and Mr. Leung Wai Lun, along with independent non-executive directors Dr. Lui Sun Wing, Ms. Chan Siu Ping, Mr. Chow Kam Wing, and Ms. Wong Ching Yan[83] Market Outlook and Strategy - The company remains cautiously optimistic about the potential development of advanced environmental solutions in the Chinese industrial market, particularly in energy-saving hydraulic technology[50] - The company has maintained a conservative financial policy, continuously assessing clients' financial conditions to mitigate credit risk[60] - The company has no significant foreign exchange risk as its procurement is primarily in JPY, GBP, EUR, and USD, while sales are mainly in RMB and HKD[61] - The company has adhered to all corporate governance codes as per GEM listing rules, with one exception regarding attendance at the annual general meeting[75] Shareholder Information - As of April 30, 2024, the major shareholder, Jiang Lili, holds 344,621,200 shares, representing 53.06% of the issued shares[69] Other Information - The company did not declare any interim dividend for the six months ended April 30, 2024, consistent with the previous year[33] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the six months ending April 30, 2024[65] - The company reported no significant contingent liabilities as of April 30, 2024, consistent with the previous year[64] - The company has not engaged in any purchases or sales of its listed securities during the six months ending April 30, 2024[73]

Financial Performance - For the six months ended April 30, 2024, the company reported revenue of HKD 51,389,000, an increase of approximately 14% compared to HKD 45,143,000 for the same period in 2023[7] - The company's gross profit for the same period was HKD 19,007,000, up from HKD 16,686,000 in the previous year[7] - The net profit attributable to the owners of the company for the six months ended April 30, 2024, was HKD 2,010,000, which is comparable to HKD 2,004,000 for the same period in 2023[7] - Basic earnings per share for the current period remained stable at approximately HKD 0.31, consistent with the previous year's figure[7] - The company reported a comprehensive income of HKD 3,990,000 for the six months ended April 30, 2024, compared to HKD 13,363,000 for the same period in 2023, indicating a decrease of approximately 70%[16] - The cash flow from operating activities for the six months ended April 30, 2024, was HKD 41,064,000, compared to HKD 36,476,000 for the same period in 2023, showing an increase of about 12.5%[14] Expenses and Costs - The company incurred selling expenses of HKD 1,483,000, slightly higher than HKD 1,460,000 in the prior year[7] - Administrative expenses increased to HKD 13,132,000 from HKD 12,837,000 year-over-year[7] - Other operating expenses primarily included employee costs, director remuneration, and short-term lease expenses[26] - Employee costs for the six months ended April 30, 2024, amounted to HKD 2,696,000, compared to HKD 2,537,000 for the same period last year[51] - The total employee cost for the six months ending April 30, 2024, is approximately HKD 8,900,000, compared to HKD 8,300,000 for the same period in 2023[69] Assets and Liabilities - Non-current assets decreased from HKD 66,634 thousand in 2023 to HKD 65,184 thousand in 2024, a decline of approximately 2.2%[11] - Current assets increased from HKD 93,543 thousand in 2023 to HKD 95,923 thousand in 2024, an increase of about 2.5%[11] - Total assets decreased from HKD 120,837 thousand in 2023 to HKD 123,876 thousand in 2024, reflecting a decrease of approximately 2.5%[11] - Current liabilities decreased from HKD 49,702 thousand in 2023 to HKD 46,381 thousand in 2024, a reduction of about 6.5%[11] - Total liabilities decreased from HKD 49,702 thousand in 2023 to HKD 46,381 thousand in 2024, indicating a decrease of approximately 6.5%[11] - Net current assets increased from HKD 43,841 thousand in 2023 to HKD 49,542 thousand in 2024, an increase of about 12.9%[11] - The company reported a cash and cash equivalents balance of HKD 41,485 thousand in 2023, which decreased to HKD 36,476 thousand in 2024, a decline of approximately 12.0%[11] - The company's total equity increased from HKD 43,841 thousand in 2023 to HKD 49,542 thousand in 2024, reflecting an increase of about 12.9%[11] - The company reported a net asset value of HKD 111,551,000 as of April 30, 2024, compared to HKD 107,561,000 as of April 30, 2023, reflecting an increase of approximately 3.7%[12] Segment Performance - The sales of environmental products generated a profit of HKD 6,719,000 for the six months ended April 30, 2024, compared to HKD 10,805,000 for the same period in 2023, indicating a decrease of about 37.5%[24] - The water supply segment reported revenue of HKD 21,869,000 for the six months ended April 30, 2024, up from HKD 20,002,000 in the previous year, reflecting an increase of approximately 9.3%[23] - Environmental products business accounted for 57% of total revenue, while water supply business accounted for 43% as of April 30, 2024[54] - Revenue from environmental products increased by 17% to HKD 29,520,000, while water supply revenue rose by 9% to HKD 21,869,000[54] Corporate Governance and Compliance - The company has adhered to the GEM Listing Rules regarding corporate governance, with one exception related to the attendance of independent non-executive directors at the annual general meeting[77] - The company has established a Remuneration Committee to review and recommend the remuneration policies for directors and senior management[79] - The Audit Committee has reviewed the unaudited financial results for the six months ending April 30, 2024, and believes they comply with applicable accounting standards and regulations[85] - The company has established an Environment, Social, and Governance Committee to provide advice on managing related matters[82] - The company has a Nomination Committee responsible for formulating nomination policies and making recommendations regarding the appointment of directors[81] Future Outlook and Strategy - The company continues to focus on market expansion and product development strategies to drive future growth[7] - The company plans to continue focusing on operational efficiency and cost management strategies to enhance profitability in the upcoming quarters[27] - The group is cautiously optimistic about the potential development of energy-saving hydraulic technology in the Chinese industrial market[55] - The Tianjin water plant is equipped with advanced facilities to ensure water quality and is expected to benefit from the completion of new rail connections[58] Risk Management - The company has adopted a conservative financial policy, continuously assessing customer creditworthiness to mitigate credit risk[66] - The company monitors foreign exchange risks related to purchases in JPY, GBP, EUR, and USD, while sales are primarily in RMB and HKD[67] - The company has maintained a close watch on its liquidity position to ensure it can meet financial obligations[66] Shareholder Information - Major shareholders hold 53.06% of the company's ordinary shares as of April 30, 2024[74] - The company has not repurchased or sold any of its listed securities as of April 30, 2024[75] - Jiang Lili indirectly holds 344,621,200 shares through the Jiang Lili Family Trust, which is considered to have an interest in these shares[75]

香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個上市之市場。有意 投資之人士應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣之證券可能會較在聯交所主板買賣之證券承受較大之市場 波動風險，同時無法保證在GEM買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，對其準確性或完整性亦不發表任何聲明，並明 確表示概不就因本報告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本報告的資料乃遵照聯交所GEM證券上巿規則（「GEM上市規則」）之規定而刊載，旨在提供有關環康集團有限公 司（「本公司」）的資料；本公司董事（「董事」）願就本報告的資料共同及個別地承擔全部責任。董事在作出一切合 理查詢後，確認就彼等所深知及深信，本報告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成分，且 並無遺漏任何其他事項，足以令致本報告或其所載任何陳述產生誤導。 目錄 本年度報告以環保紙印製 2 公司資料 3 主席報告 6 董 ...

Financial Performance - For the fiscal year ending October 31, 2023, revenue increased by approximately 4% to HKD 101,924,000 compared to HKD 97,595,000 in 2022[6] - The profit attributable to equity holders increased by approximately 28% to HKD 5,593,000, up from HKD 4,379,000 in the previous year[6] - Basic and diluted earnings per share rose by approximately 28% to HKD 0.86, compared to HKD 0.67 in 2022[6] - The company reported a profit of HKD 5,593,000 for the fiscal year ending October 31, 2022, which is an increase from the previous year's profit of HKD 4,379,000[12] - Total revenue for the year ended October 31, 2023, was HKD 101,924,000, an increase from HKD 97,595,000 in the previous year, representing a growth of approximately 2.7%[22] - The segment profit for the year was HKD 33,518,000, up from HKD 28,958,000, indicating a year-over-year increase of about 15.5%[22] - Gross profit increased by 18% to HKD 36,932,000, with the gross profit margin rising from 32% to 36%[56] - The company’s profit attributable to owners increased by 28% to HKD 5,593,000 from HKD 4,379,000 last year[57] Assets and Liabilities - Total assets as of October 31, 2023, amounted to HKD 120,837,000, a decrease from HKD 122,012,000 in 2022, representing a decline of approximately 0.96%[9] - Current assets increased to HKD 93,543,000 from HKD 84,046,000, reflecting a growth of about 11.5% year-over-year[9] - Total liabilities decreased to HKD 49,702,000 from HKD 50,026,000, showing a reduction of approximately 0.65%[10] - Current liabilities were reported at HKD 12,236,000, down from HKD 18,447,000, which is a significant decrease of about 33.5%[9] - The company reported a net asset value of HKD 43,841,000, an increase from HKD 34,020,000, representing a growth of approximately 29%[9] - The company’s total non-current liabilities were reported at HKD 13,276,000, a decrease from HKD 14,334,000, representing a decline of about 7.4%[10] - Total liabilities for 2023 amount to HKD 17,572 million, compared to HKD 14,499 million in 2022[43] Revenue Breakdown - Revenue from sales of environmental products reached HKD 55,296,000, while revenue from water supply amounted to HKD 46,628,000, totaling HKD 101,924,000 for the year[20] - The environmental products business revenue decreased by 15% from HKD 65,250,000 to HKD 55,296,000, while the water supply business revenue increased by 44% from HKD 32,345,000 to HKD 46,628,000[49] - The environmental products and water supply businesses accounted for 54% and 46% of total revenue, respectively, compared to 67% and 33% in the previous year[49] - Revenue from external customers in Hong Kong was HKD 6,480,000, while revenue from mainland China was HKD 95,467,000, showing a strong reliance on the Chinese market[24] Other Comprehensive Income - The company experienced a significant other comprehensive loss of HKD 12,939,000 during the fiscal year ending October 31, 2023[12] - The company reported a decrease in other comprehensive income, with a loss of HKD 5,710,000 for the fiscal year ending October 31, 2023[12] Operational Highlights - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance for the current or prior periods[16] - The company’s major operating segments include environmental products and water supply, both of which are regulated and strategically managed based on adjusted segment performance[20] - The company has established offices and service centers in Ningbo, Shanghai, and Shunde, with plans to expand its service network to other regions in mainland China[52] - The company has implemented an automated online system for real-time monitoring and testing of water supply pipeline conditions[55] Taxation and Financial Obligations - The group has tax losses that can offset taxable profits for two years, resulting in no tax provision being made[31] - The group is subject to a 25% corporate income tax rate in China, unchanged from the previous year[31] - Current tax expenses in China for 2023 were HKD 4,275,000, up from HKD 2,127,000 in 2022, reflecting a rise in tax obligations[29] Governance and Compliance - The company did not recommend any dividend payment for the year ending October 31, 2023, consistent with the previous year[33] - The company has adhered to the GEM Listing Rules and corporate governance code, with the exception of one independent non-executive director's absence from the annual general meeting due to other public duties[70] - The Audit Committee held four meetings to review the financial reporting procedures and internal control systems during the fiscal year ending October 31, 2023[76] - The Audit Committee reviewed the group's performance for the fiscal year ending October 31, 2023, and confirmed that the financial statements were prepared in accordance with applicable accounting standards and regulations[77] Shareholder Information - The annual general meeting is scheduled for March 7, 2024, and share registration will be suspended from March 4 to March 7, 2024[81] - Shareholders must ensure all share registration documents are submitted by March 1, 2024, at 4 PM to participate in the voting[81] - The company's issued and fully paid share capital remains at 649,540,000 shares as of October 31, 2023[48]

Financial Performance - For the nine months ended July 31, 2023, revenue decreased by approximately 8% to HKD 68,568,000 compared to HKD 74,341,000 for the same period in 2022[2]. - Profit attributable to owners for the nine months ended July 31, 2023, decreased by approximately 51% to HKD 2,185,000, down from HKD 4,453,000 in the same period of 2022[2]. - Basic earnings per share for the nine months ended July 31, 2023, decreased by approximately 51% to HKD 0.34, compared to HKD 0.69 for the same period in 2022[2]. - Total comprehensive income for the nine months ended July 31, 2023, was HKD 7,590,000, compared to HKD 12,000 for the same period in 2022[5]. - Other income for the group was HKD 2,050,000, a decrease of 52% compared to HKD 4,246,000 in the previous nine months, attributed to a decline in agency service income[21]. - Profit attributable to the company's owners was HKD 2,185,000, a decrease of 51% from HKD 4,453,000 in the previous nine months[21]. Revenue Segmentation - The environmental products segment saw a 22% decline in revenue, dropping from HKD 48,838,000 to HKD 38,167,000[16]. - The water supply segment experienced a 19% increase in revenue, rising from HKD 25,503,000 to HKD 30,401,000, attributed to supplying treated water to rural areas[16]. - The group's revenue proportion increased from 34% in the previous period to 44% in the current period, resulting in a gross profit margin increase to 36% from 32% in the previous nine months[21]. Profitability and Expenses - Gross profit for the nine months ended July 31, 2023, increased to HKD 24,793,000 from HKD 23,486,000 in the same period of 2022, reflecting a growth of approximately 5.6%[4]. - Operating profit for the nine months ended July 31, 2023, decreased to HKD 5,296,000 from HKD 6,911,000, representing a decline of approximately 23.3%[4]. - Sales expenses increased by 8% to HKD 2,669,000 from HKD 2,462,000 in the previous nine months, due to increased travel expenses[21]. - Administrative expenses rose by 3% to HKD 18,878,000 from HKD 18,359,000 in the previous nine months, driven by higher employee-related costs and rent expenses[21]. - The company’s financing costs for the nine months ended July 31, 2023, increased to HKD 650,000 from HKD 593,000 in the same period of 2022[4]. - The company’s administrative expenses for the nine months ended July 31, 2023, were HKD 18,878,000, slightly up from HKD 18,359,000 in the same period of 2022[4]. Corporate Governance - The company maintained compliance with the GEM Listing Rules and corporate governance codes throughout the reporting period[28]. - Major shareholders hold significant stakes, with Jiang Lili's family trust owning 344,621,200 shares, representing 53.06% of the issued shares[23]. - The company has established various committees, including a remuneration committee and an audit committee, to oversee governance and compliance matters[32][36]. - The board of directors includes executive directors Mr. Wu Zhengwei and Mr. Liang Weilun, and non-executive directors Dr. Lv Xinrong, Ms. Chen Shaoping, Professor Ni Jun, and Mr. Zhou Jinrong[37]. Strategic Developments - The company is expanding its environmental products business by establishing offices and service centers in Ningbo, Shanghai, and Shunde, with plans to extend its service network to other regions in mainland China[17]. - The company is optimistic about the potential development of energy-saving hydraulic technology in the industrial market, despite current challenges[17]. - The Tianjin water plant is equipped with advanced facilities for continuous water quality monitoring and has implemented an automated online system for pipeline status checks[19]. - The completion of the new intercity railway is expected to positively impact the economic integration and collaborative development of the water supply area[19]. Other Information - The company did not declare an interim dividend for the nine months ended July 31, 2023, compared to no dividend in the previous year[13]. - No significant acquisitions or disposals of subsidiaries or associated companies occurred during the nine months ended July 31, 2023[29]. - The company did not purchase or redeem any of its listed securities during the nine months ended July 31, 2023[26]. - The third quarter performance report for 2023 was released by the company, indicating ongoing financial assessments[38].

ECO-TEK HOLDINGS LIMITED 環 康 集 團 有 限 公 司 * （於開曼群島註冊成立的有限公司） ( 股份代號：8169 ) 截 至 二 零 二 三 年 七 月 三 十 一 日 止 九 個 月 之 第 三 季 度 業 績 公 佈 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所主板上市之公司帶有較高投資風 險之中小型公司提供一個上市之市場。有意投資之人士應了解投資於該 等公司之潛在風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM上市之公司普遍為中小型公司，在GEM買賣之證券可能會較在 聯交所主板買賣之證券承受較大之市場波動風險，同時無法保證在GEM 買賣之證券會有高流通量之市場。 香港交易及結算所有限公司及聯交所對本公佈之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公佈的資料乃遵照聯交所GEM證券上巿規則（「GEM上市規則」）之規定 而刊載，旨在提供有關環康集團有限公司（「本公司」）的資料；本公司董事 （「董事」）願就本公佈的資料共同 ...

Financial Performance - For the six months ended April 30, 2023, revenue was HKD 45,143,000, a decrease of approximately 9% compared to HKD 49,740,000 for the same period in 2022[5] - Profit attributable to owners for the six months ended April 30, 2023, was HKD 2,004,000, down about 35% from HKD 3,099,000 in the same period last year[5] - Basic earnings per share for the six months ended April 30, 2023, was approximately HKD 0.31, a decrease of about 35% from HKD 0.48 for the same period in 2022[7] - Total comprehensive income for the period was HKD 6,660,000, compared to HKD 13,363,000 for the previous period, reflecting a decline of 50.2%[14] - Profit attributable to shareholders for the six months was HKD 3,099,000, a decrease from HKD 2,004,000 in the previous period[14] - Operating profit for the three months ended April 30, 2023, was HKD 917,000, compared to HKD 752,000 for the same period in 2022, representing a 21.9% increase[26] - For the six months ended April 30, 2023, operating profit was HKD 2,004,000, down 35.4% from HKD 3,099,000 in the same period of 2022[31] Revenue Segmentation - The water supply segment generated revenue of HKD 25,141,000, up 46.9% from HKD 17,122,000 in the previous year[19] - The environmental products segment reported revenue of HKD 20,002,000, down 38.8% from HKD 32,618,000 in the same period last year[19] - Revenue from the environmental products business decreased by 23% to HKD 25,141,000, while revenue from the water treatment business increased by 17% to HKD 20,002,000[50] Assets and Liabilities - Total assets less current liabilities as of April 30, 2023, were HKD 133,752,000, compared to HKD 122,012,000 as of October 31, 2022[10] - The company reported a total asset value of HKD 172,541,000 as of April 30, 2023, down from HKD 189,568,000 a year earlier[25] - Total liabilities decreased to HKD 51,500,000 from HKD 66,670,000 in the previous year[25] - Cash and cash equivalents at the end of the period were HKD 47,316,000, an increase from HKD 41,064,000 at the beginning of the period[12] Cash Flow and Working Capital - The net cash used in operating activities for the six months ended April 30, 2023, was HKD (2,493,000), an improvement from HKD (7,258,000) in the same period last year[12] - Cash and cash equivalents as of April 30, 2023, were HKD 47,316,000, compared to HKD 50,084,000 as of October 31, 2022, indicating a decrease of 5.6%[40] - Accounts receivable as of April 30, 2023, totaled HKD 18,535,000, down from HKD 19,544,000 as of October 31, 2022, a decline of 5.2%[38] - Inventory as of April 30, 2023, was HKD 14,518,000, down from HKD 16,435,000 as of October 31, 2022, representing a decrease of 11.6%[36] Expenses and Costs - Administrative expenses for the six months ended April 30, 2023, increased by 11% to HKD 12,837,000 compared to HKD 11,579,000 in the same period last year[54] - Total employee costs for the six months ended April 30, 2023, were approximately HKD 8,300,000, compared to HKD 8,000,000 for the same period in 2022[63] Governance and Compliance - The company has established various committees including the Remuneration Committee, Nomination Committee, and Audit Committee to oversee governance and management practices[77][78][81] - The Audit Committee reviewed the unaudited financial results for the three and six months ended April 30, 2023, confirming compliance with applicable accounting standards and regulations[81] - The Environmental, Social, and Governance (ESG) Committee was formed in January 2022 to provide advice on managing ESG-related matters[79] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[82] Strategic Outlook - The company plans to continue evaluating new accounting standards and their potential impacts on future financial reporting[17] - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[51]