Financial Performance - For the fiscal year ending October 31, 2022, the environmental products business generated revenue of HKD 65,250,000, a decrease of 25% compared to HKD 87,268,000 in the previous year[8]. - The water supply business recorded revenue of HKD 32,345,000, an increase of 3% from HKD 31,252,000 in the previous year, due to supplying processed water to nearby rural areas[8]. - The group's total gross profit for the year was HKD 31,318,000, down 9% from HKD 34,328,000 in the previous year, with a gross profit margin of 32%, up from 29%[8]. - The profit attributable to the owners of the company was HKD 4,379,000, compared to HKD 5,062,000 in the previous year[9]. - The total revenue for the year ended October 31, 2022, was HKD 97,595,000, a decrease of 18% compared to HKD 118,520,000 for the previous year[26]. - The environmental products business revenue decreased by 25% from HKD 87,268,000 to HKD 65,250,000 due to a downturn in the industrial market in China[28]. - The water treatment business revenue increased by 3% from HKD 31,252,000 to HKD 32,345,000, attributed to supplying processed water to rural areas near Tianjin[28]. - The group's revenue for the year ended October 31, 2022, was HKD 97,595,000, a decrease of 18% compared to HKD 118,520,000 for the previous year[28]. - Basic and diluted earnings per share decreased to HKD 0.67 from HKD 0.78, a decline of 14.1%[170]. Business Segments - The environmental products business accounted for 67% of total revenue, while the water supply business accounted for 33%[8]. - The environmental products and water supply businesses accounted for 67% and 33% of total revenue, respectively, compared to 74% and 26% in the previous year[26]. - The company anticipates optimistic prospects for its environmental products business, particularly in the ship machinery and clean energy sectors[27]. - Revenue from the water treatment business has grown from approximately 2% in 2007 to about 33% in 2022, indicating a significant expansion in this segment[116]. Environmental and Sustainability Initiatives - The company is focusing on responsible waste management policies to reduce landfill burden and has begun replacing old fossil fuel vehicles with electric ones[9]. - The company has made efforts to monitor greenhouse gas emissions and waste generated during operations, emphasizing environmental management[9]. - The company adheres to environmental policies aimed at minimizing operational impacts and complying with applicable environmental regulations[141]. - The company has implemented multiple measures to reduce wastewater and sludge emissions from its water treatment operations, aligning with environmental regulations in China[142]. - The company has established its own wastewater and sludge sedimentation tanks for recycling and proper disposal, contributing to environmental sustainability[142]. - The company relocated its headquarters and main operational sites to energy-efficient offices, utilizing energy-saving equipment and LED lighting[142]. Governance and Board Structure - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring independence and diverse expertise[46]. - The company has adopted a board diversity policy since August 2013, emphasizing the importance of diversity in enhancing company performance[50]. - The board diversity policy includes measurable targets based on gender, age, ethnicity, knowledge, and tenure, ensuring a balanced composition[51]. - The nomination committee reviews the board's diversity annually to ensure the effectiveness of the diversity policy[53]. - The company has established a Nomination Committee to review the structure, size, and composition of the board, ensuring alignment with corporate strategy and diversity[76]. - The Remuneration Committee has reviewed the compensation of directors and senior management, deeming it fair and reasonable based on comparable companies and performance[75]. - An Environmental, Social, and Governance (ESG) Committee was formed in January 2022 to advise the board on managing ESG-related matters[77]. - The company has a policy for the appointment and re-election of directors, ensuring independent non-executive directors handle conflicts of interest[67]. Risk Management and Internal Controls - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, which are reviewed at least annually[84]. - The group has established a clear organizational structure with defined responsibilities and reporting procedures for risk management[84]. - An external independent risk consultant conducts annual reviews of the internal control systems, ensuring their effectiveness and adequacy[88]. - The audit committee and board believe that the risk management and internal control systems are fundamentally effective and adequate[88]. - The company has not established an internal audit team but relies on external consultants for internal control reviews due to cost considerations[88]. Financial Position and Liabilities - The group's current assets net value as of October 31, 2022, was approximately HKD 34,020,000, compared to HKD 33,672,000 the previous year, with a current ratio of 1.68[32]. - The debt-to-equity ratio as of October 31, 2022, was approximately 14%, up from 12% the previous year[34]. - Total employee costs for the year were approximately HKD 17,267,000, an increase from HKD 15,767,000 the previous year, due to an increase in personnel[39]. - The total equity attributable to owners decreased from HKD 116,238,000 to HKD 107,678,000, a decline of approximately 7.4%[173]. - The company’s total liabilities decreased from HKD 9,899,000 to HKD 14,334,000, an increase of approximately 44.5%[172]. Shareholder Information - The company will hold its annual general meeting on March 30, 2023, with a suspension of share transfer registration from March 27 to March 30, 2023[104]. - The company has confirmed that it maintains the required public float as per GEM listing rules[150]. - The company’s major related party transactions for the fiscal year ending October 31, 2022, are disclosed in the financial statements[111]. - Sales to the top five customers accounted for approximately 31% of total sales for the year, up from 25% in the previous year, with the largest customer contributing about 7%[113]. - Purchases from the top five suppliers represented approximately 82% of total purchases, an increase from 78% in the previous year, with the largest supplier accounting for about 38%[118]. Accounting and Financial Reporting - The company’s financial statements for the year ending October 31, 2022, were prepared in accordance with Hong Kong Financial Reporting Standards[99]. - The independent auditor has issued an opinion that the consolidated financial statements fairly reflect the company's financial position as of October 31, 2022[155]. - The company has adopted new and revised Hong Kong Financial Reporting Standards, effective from November 1, 2021, which did not have a significant impact on the group's performance and financial position[183]. - The company is currently evaluating the potential impact of newly announced accounting standards[194]. - The financial statements are prepared based on historical cost principles, with estimates and assumptions that may differ from actual results[196].

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 二 年 十 月 三 十 一 日 止 年 度 之 全 年 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 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買賣的證券可能會較於聯 交所主板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買 賣的證券會有高流通量的市場。 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及個別地承擔全部責 ...

Financial Performance - For the nine months ended July 31, 2022, the revenue was HKD 74,341,000, a decrease of approximately 19% compared to HKD 92,173,000 for the same period in 2021[3]. - The profit attributable to the owners of the company for the nine months ended July 31, 2022, was HKD 4,453,000, an increase from HKD 3,653,000 for the same period in 2021[5]. - Basic earnings per share for the nine months ended July 31, 2022, was approximately HKD 0.69, compared to HKD 0.56 for the same period in 2021[6]. - Gross profit for the nine months ended July 31, 2022, was HKD 23,486,000, down from HKD 27,129,000 in the previous year[5]. - Operating profit for the nine months ended July 31, 2022, was HKD 6,911,000, slightly up from HKD 6,738,000 for the same period in 2021[5]. - Total comprehensive income for the nine months ended July 31, 2022, was HKD 12, compared to HKD 10,633,000 for the same period in 2021[8]. - The company reported a foreign exchange loss of HKD 4,441,000 for the nine months ended July 31, 2022[8]. - Other income for the nine months ended July 31, 2022, was HKD 4,246,000, significantly higher than HKD 1,653,000 for the same period in 2021[5]. - Revenue from the environmental products segment decreased by 30% to HKD 48,838,000, down from HKD 69,342,000 in the previous period[20]. - Revenue from the water supply segment increased by 12% to HKD 25,503,000, compared to HKD 22,831,000 in the previous period[20]. - Gross margin increased to 32% for the nine months ended July 31, 2022, compared to 29% for the same period in 2021[23]. Expenses and Costs - Gross profit for the nine months ended July 31, 2022, was HKD 23,486,000, a decrease of 13% from HKD 27,129,000 in the same period last year[23]. - Administrative expenses decreased by 1% to HKD 18,359,000, down from HKD 18,556,000 in the previous period[23]. - Sales expenses decreased by 29% to HKD 2,462,000, compared to HKD 3,488,000 in the previous period[23]. - The company incurred financing costs of HKD 593,000 for the nine months ended July 31, 2022, compared to HKD 653,000 in the previous year[5]. Shareholder Information - As of July 31, 2022, the total number of shares held by major shareholders includes 344,621,200 shares, representing 53.06% of the issued shares[28]. - Dr. Pak Kwok Ping directly holds 44,224,000 shares, accounting for 6.81% of the issued shares[28]. Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the absence of an independent non-executive director at the annual general meeting due to other commitments[33]. - The company has established various committees, including the Remuneration Committee and Nomination Committee, to oversee governance and management practices[36][38]. - The company has adopted a Securities Trading Code for directors and designated employees, ensuring compliance with trading standards[32]. Dividends and Future Plans - The company does not recommend an interim dividend for the nine months ended July 31, 2022[17]. - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[21]. Other Information - No purchases, redemptions, or sales of the company's listed securities were made by the company or its subsidiaries during the nine months ended July 31, 2022[29]. - There were no significant acquisitions or disposals of subsidiaries or associated companies during the nine months ended July 31, 2022[34]. - The company has not engaged in any business that competes or may compete with its operations during the nine months ended July 31, 2022[35]. - The Audit Committee reviewed the unaudited financial results for the three and nine months ended July 31, 2022, confirming compliance with applicable accounting standards[40]. - The company has not redeemed any of its listed securities during the nine months ended July 31, 2022[29].

Financial Performance - For the nine months ended July 31, 2022, revenue was HKD 74,341,000, a decrease of approximately 19% compared to HKD 92,173,000 for the same period in 2021[6] - For the nine months ended July 31, 2022, the company reported a net profit attributable to shareholders of HKD 4,453,000, compared to HKD 3,653,000 for the same period in 2021[6] - Basic earnings per share for the nine months ended July 31, 2022, was approximately HKD 0.69, up from HKD 0.56 for the same period in 2021[6] - The company reported a profit of HKD 1,354,000 for the three months ending July 31, 2022, compared to HKD 1,979,000 for the same period in 2021, representing a decrease of 31.4%[8] - For the nine months ending July 31, 2022, the profit attributable to shareholders was HKD 3,653,000, down from HKD 4,453,000 in the previous year, indicating a decline of 18%[10] - The total comprehensive income for the nine months ending July 31, 2022, was HKD 10,916,000, compared to HKD 12,000 for the same period in 2021, reflecting a significant increase[10] - The earnings per share for the three months ending July 31, 2022, was HKD 0.21, down from HKD 0.30 in the same period of the previous year, a decrease of 30%[8] - The company reported a total comprehensive income of HKD 6,980,000 for the nine months ending July 31, 2022, compared to a loss of HKD 4,441,000 in the previous year[10] - The gross profit for the nine months ended July 31, 2022, was HKD 23,486,000, a decrease of 13% from HKD 27,129,000 in the same period last year[26] - The gross profit margin increased to 32% from 29% in the previous period, attributed to favorable foreign currency fluctuations[26] Revenue Breakdown - The company’s total revenue for the nine months ending July 31, 2022, was HKD 10,633,000, compared to HKD 5,717,000 in the previous year, indicating an increase of 86%[8] - Revenue for the nine months ended July 31, 2022, was HKD 92,173 million, compared to HKD 74,341 million for the same period in 2021, representing a growth of 24%[17] - The revenue from water plants for the nine months ended July 31, 2022, was HKD 25,503 million, an increase from HKD 22,831 million in the previous year, reflecting a growth of 12%[17] - The revenue from environmental protection products for the nine months ended July 31, 2022, was HKD 48,838 million, compared to HKD 69,342 million in the same period of 2021, indicating a decline of 30%[17] - The total revenue for the three months ended July 31, 2022, was HKD 24,601 million, compared to HKD 32,962 million for the same period in 2021, reflecting a decrease of 25%[17] - Revenue from the environmental products business in the Chinese industrial market fell by 30% to HKD 48,838,000, down from HKD 69,342,000 in the previous period[22] - The revenue from the water supply business increased by 12% to HKD 25,503,000, compared to HKD 22,831,000 in the previous period[22] Equity and Reserves - The total equity attributable to shareholders increased to HKD 116,250,000 as of July 31, 2022, from HKD 112,918,000 a year earlier, showing a growth of 2.9%[10] - The company’s capital reserves remained stable at HKD 19,586,000 as of July 31, 2022, unchanged from the previous year[10] - As of July 31, 2022, the company has a total of 344,621,200 shares held by major shareholders, representing 53.06% of the issued shares[30] Corporate Governance - The company has adhered to the GEM listing rules regarding corporate governance throughout the nine months ending July 31, 2022, with one exception related to attendance at the annual general meeting[33] - The company has established a Remuneration Committee to review and recommend the remuneration policies for directors and senior management[37] - The company has formed a Nomination Committee to develop nomination policies and make recommendations regarding the appointment of directors[38] - An Environment, Social, and Governance (ESG) Committee was established in January 2022 to provide advice on managing ESG-related matters[39] - The Audit Committee was established on December 5, 2001, to oversee the financial reporting process and internal control systems of the group[41] - The Audit Committee reviewed the unaudited financial results for the three months and nine months ended July 31, 2022, and confirmed compliance with applicable accounting standards and regulations[41] - The Chairman of the Audit Committee is Mr. Zhou Jinrong, with other members including Ms. Chen Shaoping and Professor Ni Jun, all of whom are independent non-executive directors[41] Future Plans - The company plans to continue focusing on market expansion and new product development to drive future growth[12] - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[23] Taxation - The estimated taxable profit in Hong Kong is subject to a tax rate of 8.25% for the first HKD 2,000,000 and 16.5% for profits exceeding that amount, with no provision for Hong Kong profits tax in the current period[17][18] - The corporate income tax in China is calculated at a rate of 25% based on the estimated taxable profits generated in China during the period[18] Shareholder Activities - The company and its subsidiaries did not purchase or sell any listed securities during the nine months ending July 31, 2022[31] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the nine months ending July 31, 2022[35] - No directors or major shareholders engaged in any business that competes with the company during the nine months ending July 31, 2022[36] - The company has confirmed compliance with the securities trading rules as of July 31, 2022[32] - The company has a direct beneficial ownership of 344,621,200 shares through Team Drive Limited, which is fully owned by Wide Sky Management Limited[34]

Financial Performance - Revenue for the six months ended April 30, 2022, was HKD 49,740,000, a decrease of approximately 16% compared to HKD 59,211,000 for the same period in 2021[3] - Profit attributable to owners for the six months ended April 30, 2022, was HKD 3,099,000, compared to HKD 1,674,000 for the same period in 2021[5] - Basic earnings per share for the six months ended April 30, 2022, was approximately HKD 0.48, an increase from HKD 0.26 for the same period in 2021[6] - Gross profit for the six months ended April 30, 2022, was HKD 15,301,000, down from HKD 16,599,000 in the previous year[5] - The company reported a total comprehensive income of HKD 6,660,000 for the six months ended April 30, 2022, compared to HKD 4,916,000 for the same period in 2021[6] - The profit attributable to owners for the six months ended April 30, 2022, was HKD 3,099,000, compared to HKD 1,674,000 for the same period in 2021, representing an increase of 85%[18] - The company reported a total comprehensive income of HKD 6,660,000 for the six months ended April 30, 2022, up from HKD 4,916,000 in the same period of 2021, marking a 35% increase[18] - Operating profit for the three months ended April 30, 2022, was HKD 752,000, compared to HKD 904,000 for the same period in 2021, representing a decrease of 16.8%[25] - For the six months ended April 30, 2022, the operating profit was HKD 3,099,000, up from HKD 1,674,000 in 2021, indicating an increase of 84.8%[29] Revenue Segmentation - The water supply segment generated revenue of HKD 17,122,000 for the six months ended April 30, 2022, an increase of 29% from HKD 13,289,000 in 2021[22] - Revenue from environmental products decreased to HKD 32,618,000 for the six months ended April 30, 2022, down 29% from HKD 45,922,000 in the same period of 2021[22] - Revenue from the environmental products business decreased by 29% to HKD 32,618,000, while revenue from the water treatment business increased by 29% to HKD 17,122,000[50] Assets and Liabilities - Cash and cash equivalents at the end of the period were HKD 53,795,000, a decrease from HKD 63,270,000 at the end of the previous period[11] - Total assets less current liabilities as of April 30, 2022, amounted to HKD 136,440,000, an increase from HKD 126,137,000 as of October 31, 2021[9] - The company’s total assets as of April 30, 2022, were HKD 189,568,000, a slight decrease from HKD 190,416,000 as of April 30, 2021[24] - The total liabilities decreased to HKD 66,670,000 as of April 30, 2022, from HKD 83,215,000 in the same period of 2021, reflecting a reduction of 20%[24] - As of April 30, 2022, the debt-to-equity ratio decreased to 11%, down from 12% on October 31, 2021, due to an increase in total equity[58] Cash Flow and Operating Activities - The net cash used in operating activities for the six months ended April 30, 2022, was HKD (7,258,000), compared to HKD (7,099,000) for the same period in 2021[11] - The company recorded a net exchange loss of HKD 513,000 for the six months ended April 30, 2022, compared to a net gain of HKD 108,000 in 2021[25] Employee and Administrative Costs - The total employee costs, including directors' remuneration, amounted to HKD 7,993,000 for the six months ended April 30, 2022, compared to HKD 7,789,000 in 2021, reflecting a rise of 2.6%[25] - The total employee cost for the six months ended April 30, 2022, was approximately HKD 8,000,000, compared to HKD 7,800,000 for the same period in 2021[63] - Administrative expenses for the six months ended April 30, 2022, decreased by 5% to HKD 11,579,000 from HKD 12,125,000 in the previous year[54] Governance and Compliance - The company maintained a conservative financial policy, continuously assessing clients' financial conditions to mitigate credit risk[59] - The Environmental, Social, and Governance (ESG) Committee was established in January 2022 to provide advice to the board on related matters[79] - The Audit Committee, formed in December 2001, oversees the financial reporting process and internal control systems, ensuring compliance with applicable accounting standards[80] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[81] - The company emphasizes transparency and compliance in its financial reporting and governance practices[80] - The ESG Committee is chaired by Mr. Wu Zhengwei, indicating a commitment to sustainability and governance[79] - The Audit Committee is chaired by Mr. Zhou Jinrong, highlighting the importance of independent oversight in financial matters[80] - The company aims to enhance its internal controls and financial reporting processes through the Audit Committee's oversight[80] - The board composition reflects a balance of executive and independent directors, promoting effective decision-making[81] - The establishment of the ESG Committee aligns with global trends towards greater corporate responsibility and sustainability[79] Miscellaneous - The company did not recommend an interim dividend for the six months ended April 30, 2022, consistent with the previous year[28] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the six months ended April 30, 2022[65] - There were no significant contingent liabilities as of April 30, 2022, consistent with the previous year[64] - The company did not purchase or sell any of its listed securities during the six months ended April 30, 2022[72] - The company had pledged bank deposits of approximately HKD 9,000,000 as of April 30, 2022, unchanged from October 31, 2021[62] - As of April 30, 2022, the company had 76 employees, an increase from 72 employees in the previous year[63] - Major shareholders included Jiang Lili, who held 344,621,200 shares, representing 53.06% of the issued shares as of April 30, 2022[69] - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[51] - The Tianjin water treatment plant has exclusive rights to supply processed water to certain areas, which is expected to benefit from the completion of new intercity railways[51]

Financial Performance - For the six months ended April 30, 2022, revenue was HKD 49,740,000, a decrease of approximately 16% compared to HKD 59,211,000 for the same period in 2021[7]. - The profit attributable to owners of the company for the six months ended April 30, 2022, was HKD 3,099,000, an increase from HKD 1,674,000 for the same period in 2021[7]. - Basic earnings per share for the six months ended April 30, 2022, were approximately HKD 0.48, compared to HKD 0.26 for the same period in 2021[7]. - Gross profit for the six months ended April 30, 2022, was HKD 16,599,000, compared to HKD 15,301,000 for the same period in 2021, indicating a slight increase[7]. - Other income for the six months ended April 30, 2022, was HKD 940,000, compared to HKD 2,891,000 for the same period in 2021, showing a significant decrease[7]. - The company reported a net profit before tax of HKD 4,393,000 for the six months ended April 30, 2022, compared to HKD 2,522,000 for the same period in 2021[7]. - The company’s operating profit for the six months ended April 30, 2022, was HKD 3,025,000, compared to HKD 4,654,000 for the same period in 2021, indicating a decline[7]. - Reported segment profit for the six months ended April 30, 2022, was HKD 13,342,000, down 6.1% from HKD 14,210,000 in the previous year[24]. Assets and Liabilities - Total assets decreased from HKD 136,440,000 to HKD 126,137,000, a decline of approximately 2.4% year-over-year[9]. - Current liabilities decreased from HKD 71,229,000 to HKD 53,128,000, a reduction of approximately 25.4%[10]. - Total equity increased from HKD 116,238,000 to HKD 122,898,000, reflecting a growth of about 5.8%[10]. - The company reported a net asset value of HKD 44,656,000, up from HKD 33,672,000, indicating a significant increase of approximately 32.5%[9]. - The company’s total liabilities decreased from HKD 71,229,000 to HKD 53,128,000, a decrease of approximately 25.4%[10]. - Total liabilities for the reporting segment as of April 30, 2022, were HKD 51,417,000, a decrease of 24.2% from HKD 67,962,000 in the previous year[24]. Cash Flow and Investments - Net cash flow from operating activities increased from HKD 53,795,000 to HKD 63,270,000, representing a growth of about 17.5%[12]. - Cash and cash equivalents decreased from HKD 63,270,000 to HKD 53,795,000, a decline of about 15%[12]. - The company allocated HKD 1,558,000 for the acquisition of non-current assets during the six months ended April 30, 2022, compared to HKD 976,000 in 2021[22]. - The company incurred depreciation expenses of HKD 2,215,000 for the six months ended April 30, 2022, down from HKD 3,296,000 in the previous year[22]. Revenue Segmentation - Revenue from the water supply segment for the three months ended April 30, 2022, was HKD 23,085,000, while for the six months it was HKD 49,740,000[20]. - Revenue from environmental products for the three months ended April 30, 2022, was HKD 16,498,000, and for the six months it was HKD 32,618,000[20]. - Revenue from environmental products business in the industrial market in China decreased by 29% to HKD 32,618,000 from HKD 45,922,000 in the previous period[45]. - Revenue from the water supply business increased by 29% to HKD 17,122,000 from HKD 13,289,000 in the previous period[45]. Corporate Governance and Structure - The company has adhered to the GEM listing rules regarding corporate governance, with one exception related to attendance at the annual general meeting[66]. - There were no reported conflicts of interest among directors, management, or major shareholders as of April 30, 2022[67]. - The company established the Nomination Committee in February 2006 to develop nomination policies and recommend director appointments to the board[70]. - The Environment, Social and Governance (ESG) Committee was formed in January 2022 to provide advice to the board on managing ESG-related matters[71]. - The Audit Committee was established in December 2001 to review and supervise the financial reporting process and internal control systems[72]. Shareholder Information - Major shareholder Jiang Li holds 344,621,200 shares, representing 53.06% of the company's ordinary shares[62]. - The company did not declare an interim dividend for the six months ended April 30, 2022, compared to no dividend declared in the same period of 2021[29]. - The company has a loan from a major shareholder amounting to HKD 500,000 as of April 30, 2022, with an annual interest rate of 5.25%[41].

Financial Performance - For the three months ended January 31, 2022, the revenue was HKD 26,655,000, a decrease of 11% compared to HKD 30,020,000 for the same period in 2021[3] - The profit attributable to the owners of the company for the same period was HKD 2,347,000, significantly up from HKD 770,000 in the previous year[3] - Basic earnings per share for the three months ended January 31, 2022, were approximately HKD 0.36, compared to HKD 0.12 for the same period in 2021[3] - Gross profit for the three months ended January 31, 2022, was HKD 8,222,000, slightly down from HKD 8,257,000 in the previous year[5] - Total comprehensive income for the period was HKD 4,315,000, compared to HKD 3,804,000 for the same period in 2021[6] - Gross profit for the period was HKD 8,222,000, with a gross margin of 31%, up from 28% in the previous year[23] Revenue Breakdown - Revenue from environmental products was HKD 16,120,000, down from HKD 23,823,000 in the previous year, while revenue from water treatment plants increased to HKD 10,535,000 from HKD 6,197,000[13] - Revenue from the environmental products business fell by 32% to HKD 16,120,000, while revenue from the water supply business increased by 70% to HKD 10,535,000[19] Operating Expenses - The company’s tax expense for the period was HKD 1,100,000, up from HKD 319,000 in the previous year[5] - Administrative expenses remained stable at HKD 5,994,000, while selling expenses decreased by 28% to HKD 1,102,000[23] - The company’s financing costs were HKD 126,000 for the three months ended January 31, 2022, compared to HKD 128,000 in the previous year[5] Corporate Governance - The company has complied with all corporate governance codes as per GEM listing rules during the three months ended January 31, 2022[33] - The audit committee reviewed the unaudited results for the three months ended January 31, 2022, and confirmed compliance with applicable accounting standards[40] - The company established an Environmental, Social, and Governance (ESG) committee in January 2022 to provide advice on managing ESG matters[39] - The remuneration committee reviews the remuneration policies for directors and senior management, ensuring alignment with company performance[36] - The nomination committee was formed to develop nomination policies and recommend appointments to the board[38] - The company has adopted a code of conduct for securities trading by directors and designated employees, ensuring compliance with GEM listing rules[32] Strategic Initiatives - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[20] - The Tianjin water plant has exclusive rights to supply treated water to the Baodi District and surrounding areas, which is expected to benefit from the completion of new intercity railways[22] - The company will continue to monitor market conditions and adjust development plans accordingly[20] Shareholder Information - The company does not recommend any dividend payment for the three months ended January 31, 2022[16] - The weighted average number of ordinary shares for calculating basic earnings per share was 649,540,000[17] - The company did not purchase, redeem, or sell any of its listed securities during the three months ended January 31, 2022[31] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the three months ended January 31, 2022[34] - The company has not encountered any competition or conflicts of interest involving directors or major shareholders during the reporting period[35] - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[41]

Financial Performance - For the three months ended January 31, 2022, the company's revenue was HKD 26,655,000, a decrease of 11% compared to HKD 30,020,000 for the same period in 2021[7] - The company's net profit attributable to shareholders for the three months ended January 31, 2022, was HKD 2,347,000, compared to HKD 770,000 for the same period in 2021[7] - Basic earnings per share for the three months ended January 31, 2022, were approximately HKD 0.36, up from HKD 0.12 for the same period in 2021[8] - Total comprehensive income for the period was HKD 4,315,000, compared to HKD 3,804,000 for the same period in 2021[8] - The company reported a gross profit of HKD 8,257,000 for the three months ended January 31, 2022, compared to HKD 8,222,000 for the same period in 2021[7] - The company’s operating profit for the period was HKD 1,089,000, compared to HKD 3,486,000 for the same period in 2021[7] - Total comprehensive income for the three months ending January 31, 2022, was HKD 3,804,000, compared to HKD 4,315,000 for the same period in 2021, indicating a decline of about 11.9%[20] - Revenue for the three months ending January 31, 2022, was HKD 26,655,000, down from HKD 30,020,000 in the same period of 2021, reflecting a decrease of approximately 11.8%[16] - The basic earnings per share for the three months ending January 31, 2022, was HKD 0.0036, compared to HKD 0.0115 for the same period in 2021, a decrease of about 68.7%[20] Expenses and Costs - Selling and distribution expenses increased to HKD 1,535,000 from HKD 1,102,000 year-over-year[7] - Administrative expenses decreased slightly to HKD 5,881,000 from HKD 5,994,000 year-over-year[7] - The company recognized other income of HKD 248,000, down from HKD 2,360,000 in the previous year[7] - The company’s finance costs remained stable at HKD 128,000, compared to HKD 126,000 in the previous year[7] Equity and Retained Earnings - The company's total equity as of January 31, 2022, was HKD 120,553,000, an increase from HKD 116,238,000 as of January 31, 2021, representing a growth of approximately 3.0%[10] - The company’s retained earnings increased to HKD 50,762,000 as of January 31, 2022, from HKD 48,415,000 as of January 31, 2021, marking an increase of about 4.8%[10] Tax and Provisions - The company’s tax provision for the three months ending January 31, 2022, included HKD 1,110,000 for Hong Kong profits tax and HKD 301,000 for China corporate income tax[18] Revenue Breakdown - Revenue from environmental products dropped by 32% to HKD 16,120,000, while revenue from the water supply business increased by 70% to HKD 10,535,000[25] Corporate Governance - The company has adhered to the GEM listing rules regarding corporate governance throughout the three months ending January 31, 2022[34] - The company established an ESG committee in January 2022 to manage environmental, social, and governance matters[40] - The company has a remuneration committee responsible for reviewing the remuneration policies for directors and senior management[38] - The audit committee was established to oversee financial reporting procedures, risk management, and internal controls[41] - The nomination committee was formed to develop nomination policies and recommend directors to the board[39] - The company confirmed compliance with securities trading standards as of January 31, 2022[33] Shareholder Information - As of January 31, 2022, the company had a total of 344,621,200 shares held by key stakeholders, representing 53.06% of the issued share capital[30] - No purchases, redemptions, or sales of the company's listed securities occurred in the three months ending January 31, 2022[32] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the three months ending January 31, 2022[35] - No competition or conflict of interest was reported among directors, management, or major shareholders during the three months ending January 31, 2022[36] Future Outlook - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[22] - The company remains optimistic about the future prospects of its environmental products business due to increasing global attention on environmental issues[22] - The completion of the new urban rail line is expected to enhance economic development in the Baodi District and benefit the company's water supply operations[23] Market Conditions - The manufacturing PMI in China was reported at 50.2, indicating a recovery in manufacturing operations[22] Audit and Review - The audit committee has reviewed the group's unaudited performance for the three months ending January 31, 2022, and believes that the performance is prepared in accordance with applicable accounting standards and regulations, with sufficient disclosure made[43] - The announcement is made by the board of directors, including executive directors Mr. Wu Zhengwei and Mr. Liang Weilun, and independent non-executive directors[45]

Financial Performance - For the fiscal year ending October 31, 2021, the revenue from the environmental products business was HKD 87,268,000, a 24% increase from HKD 70,299,000 in the previous year[9]. - The revenue from the water supply business was HKD 31,252,000, a 40% increase from HKD 22,339,000 in the previous year, attributed to the resumption of water consumption after COVID-19 restrictions[9]. - The group's total gross profit for the year was HKD 34,328,000, up 16% from HKD 29,559,000 in the previous year[10]. - The gross profit margin for the group decreased to 29% from 32% in the previous year, due to increased competition in the industrial market[10]. - The company recorded a profit attributable to owners of HKD 5,062,000, compared to a loss of HKD 7,786,000 in the previous year[10]. - The group's revenue for the year ended October 31, 2021, was HKD 118,520,000, an increase of 28% compared to HKD 92,638,000 for the previous year[29]. - The net profit for the year was HKD 5,062,000, a significant recovery from a loss of HKD 7,668,000 in 2020[161]. - The company reported a total comprehensive income of HKD 13,953,000, compared to a loss of HKD 5,850,000 in the prior year[161]. - Cash generated from operating activities was HKD 17,865,000, a turnaround from a cash outflow of HKD 13,119,000 in 2020[165]. - The company's cash and cash equivalents increased to HKD 63,270,000 from HKD 55,807,000 in the previous year[166]. Revenue Breakdown - The environmental products business accounted for 74% of total revenue, while the water supply business accounted for 26%[9]. - Environmental products and water supply businesses accounted for 74% and 26% of total revenue, respectively, compared to 76% and 24% in the previous year[27]. - Revenue from the environmental products business increased by 24% to HKD 87,268,000, driven by favorable industrial market conditions in China[29]. - Water supply business revenue rose by 40% to HKD 31,252,000 from HKD 22,339,000 in the previous year[27]. Strategic Focus and Sustainability - The company is focusing on environmental management and has implemented waste management policies to reduce landfill impact[11]. - The company plans to benefit from the development of new intercity railways in the Tianjin area, which will enhance economic cooperation[14]. - The company has relocated its headquarters to a more energy-efficient office to improve operational sustainability[11]. - The company is gradually replacing old fossil fuel vehicles with electric vehicles to reduce operational costs and environmental impact[11]. - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[28]. - The company is committed to minimizing its environmental impact and has implemented measures to monitor and reduce wastewater and sludge generated from its operations[137]. - The company has established its own sedimentation tanks for wastewater treatment, allowing for the reuse of treated water in operations[137]. Corporate Governance - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse and balanced composition[47]. - The company has implemented a board diversity policy since August 2013, focusing on various measurable aspects such as gender, age, and professional experience[50]. - The nomination committee reviews the board's composition annually to ensure it meets the company's business needs and diversity goals[53]. - The company has established three board committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, to oversee specific areas of the company's affairs[73]. - The company emphasizes the importance of board diversity for enhancing overall performance and decision-making[51]. - The nomination committee evaluates potential board candidates based on integrity, commitment, and diversity factors including gender and age[61]. Risk Management - The board of directors confirmed their responsibility for overseeing the group's risk management and internal control systems, which are reviewed at least annually by the audit committee[82]. - The group has established a clear organizational structure with defined responsibilities and reporting procedures for risk management and internal controls[85]. - An independent external risk consulting firm has been conducting annual reviews of the internal control systems since November 2008, ensuring their effectiveness and adequacy[86]. - The company has identified various risks that could impact its financial condition and operational performance, including reliance on the global economy and market conditions[110]. - The company has expanded its supplier base to mitigate risks associated with supplier concentration[113]. Financial Position - As of October 31, 2021, the group's current assets net value was approximately HKD 33,672,000, an increase from HKD 26,867,000 the previous year[34]. - The current ratio as of October 31, 2021, was approximately 1.47, up from 1.34 the previous year[34]. - The group had a debt-to-equity ratio of approximately 12% as of October 31, 2021, compared to 11% the previous year[36]. - The company's available reserves for distribution as of October 31, 2021, were approximately HKD 11,113,000, including a share premium of about HKD 30,537,000[107]. - The equity attributable to the owners of the company rose to HKD 116,238,000, compared to HKD 102,285,000 in the previous year[163]. Compliance and Reporting - The directors confirmed that the consolidated financial statements for the year ending October 31, 2021, were prepared in accordance with Hong Kong Financial Reporting Standards[94]. - The independent auditor has confirmed that the consolidated financial statements fairly reflect the company's financial position as of October 31, 2021[146]. - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the group's performance or financial position for the current or prior periods[172]. - The audit report was issued on January 19, 2022, by Hong Kong Certified Public Accountants[160]. Shareholder Relations - The company has established multiple channels for communication with shareholders, ensuring equal and timely access to information[89]. - The company provides various corporate communications, including annual and quarterly reports, available in printed form and on its website[91]. - The board of directors has not recommended the distribution of a final dividend for the year ending October 31, 2021[98].

Financial Performance - For the fiscal year ending October 31, 2021, the company reported revenue of approximately HKD 118,520,000, an increase of about 28% compared to HKD 92,638,000 in the previous year[7]. - The company achieved a profit attributable to owners of HKD 5,062,000 for the fiscal year ending October 31, 2021, compared to a loss of HKD 7,786,000 for the previous year[7]. - Basic and diluted earnings per share for the fiscal year ending October 31, 2021, were approximately HKD 0.78, while the previous year reported a loss per share of HKD 1.20[7]. - The total comprehensive income for the year amounted to HKD 13,953 million, a decrease of 5,850 million compared to the previous year[9]. - The company reported a loss attributable to shareholders of HKD 5,062 million, compared to a loss of 7,786 million in the previous year[9]. - Basic and diluted loss per share was HKD 0.78, compared to a loss of HKD 1.20 in the previous year[9]. - The total comprehensive income for the year was HKD 13,953,000, compared to a loss of HKD 6,039,000 in the previous year, showing a significant turnaround[14]. - The company reported a profit of HKD 5,062,000 for the year, compared to a loss in the previous year, indicating improved financial performance[14]. Assets and Liabilities - Non-current assets increased to HKD 73,815 million from HKD 69,449 million year-over-year[11]. - Current assets decreased to HKD 104,901 million from HKD 105,199 million year-over-year[11]. - Total liabilities increased to HKD 71,229 million from HKD 78,332 million year-over-year[11]. - Cash and cash equivalents increased to HKD 63,270 million from HKD 55,807 million year-over-year[11]. - The company’s total assets decreased to HKD 126,137 million from HKD 117,941 million year-over-year[11]. - The company's total equity as of October 31, 2021, was HKD 116,238,000, compared to HKD 102,285,000 as of October 31, 2020, representing a growth of approximately 13.7%[14]. - The retained earnings increased to HKD 48,415,000 in 2021 from HKD 43,353,000 in 2020, reflecting an increase of about 11.9%[14]. - The company's capital reserves rose to HKD 13,015,000 in 2021, up from HKD 13,015,000 in 2020, indicating stability in this area[14]. - The company’s total liabilities include lease liabilities of HKD 1,907,000, indicating ongoing commitments in this area[14]. - The company's total assets were valued at HKD 116,238,000 as of October 31, 2021, compared to HKD 102,285,000 in 2020, marking an increase of approximately 13.7%[14]. Revenue Breakdown - Total revenue for the year ended October 31, 2021, was HKD 118,520,000, an increase from HKD 92,638,000 in the previous year, representing a growth of 28%[22]. - The revenue from environmental products was HKD 87,268,000, while the revenue from the water supply segment was HKD 31,252,000, contributing to the overall revenue[22]. - The gross profit from the reported segments was HKD 30,455,000, with environmental products contributing HKD 17,911,000 and the water supply segment contributing HKD 12,544,000[23]. - The environmental products business accounted for 74% of total revenue, while the water supply business contributed 26%, compared to 76% and 24% respectively in the previous year[46]. - The revenue from the environmental products business was HKD 87,268,000, up 24% from HKD 70,299,000 in the previous year, driven by favorable industrial market conditions in China[47]. - The revenue from the water supply business increased by 40% to HKD 31,252,000, compared to HKD 22,339,000 in the previous year, due to the absence of temporary shutdowns during the pandemic[47]. Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development in the upcoming fiscal year[9]. - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies, indicating a strategic focus on sustainability[48]. - The company will continue to monitor market conditions and adjust its development plans accordingly to capitalize on opportunities in the environmental sector[48]. Expenses and Taxation - The group's sales expenses for the year ended October 31, 2021, were HKD 3,872,000, an increase of 7% from HKD 3,611,000 in the previous year, primarily due to increased exhibition expenses[54]. - Administrative expenses decreased by 3% to HKD 26,467,000 for the year ended October 31, 2021, down from HKD 27,242,000 in the previous year, attributed to a reduction in legal and professional fees[54]. - The tax provision for the year ended October 31, 2021, was HKD 2,701,000, a significant decrease of 84% from HKD 16,464,000 in the previous year, due to prior year tax provisions being overstated[55]. - The provision for deferred tax for the year was HKD 200,000, compared to HKD 113,000 in the previous year, indicating a change in tax liabilities[32]. Employee Costs and Management - The total employee costs, including salaries and benefits, amounted to HKD 15,634 million in 2021, compared to HKD 15,059 million in 2020, showing an increase of about 3.8%[30]. - Total employee costs, including directors' remuneration and mandatory provident fund contributions, amounted to approximately HKD 15,767,000 for the year ended October 31, 2021, compared to HKD 15,206,000 in the previous year[63]. Other Financial Metrics - The group's borrowings from shareholders increased from HKD 11,200,000 in 2020 to HKD 13,891,000 in 2021, an increase of 24%[26]. - The group's total assets as of 2021 were HKD 197,366,000, compared to HKD 196,273,000 in 2020, showing a slight increase[26]. - The group's total liabilities decreased from HKD 93,988,000 in 2020 to HKD 81,128,000 in 2021, a reduction of approximately 13%[26]. - The current ratio as of October 31, 2021, was approximately 1.47, compared to 1.34 as of October 31, 2020[57]. - The group had a debt-to-equity ratio of approximately 12% as of October 31, 2021, compared to 11% in the previous year[59].