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].

Financial Performance - For the nine months ended July 31, 2021, revenue was HKD 92,173,000, an increase of approximately 41% compared to HKD 65,165,000 for the same period in 2020[3] - The profit attributable to owners for the nine months ended July 31, 2021, was HKD 3,653,000, compared to a loss of HKD 8,963,000 for the same period in 2020[3] - Basic earnings per share for the nine months ended July 31, 2021, was approximately HKD 0.56, compared to a basic loss per share of HKD 1.38 for the same period in 2020[3] - Gross profit for the nine months ended July 31, 2021, was HKD 27,129,000, up from HKD 17,790,000 for the same period in 2020[5] - Operating profit for the nine months ended July 31, 2021, was HKD 6,738,000, compared to HKD 2,680,000 for the same period in 2020[5] - Total comprehensive income for the nine months ended July 31, 2021, was HKD 10,633,000, compared to a loss of HKD 6,879,000 for the same period in 2020[6] - Total revenue for the nine months ended July 31, 2021, increased by 41% to HKD 92,173,000 from HKD 65,165,000 in the same period last year[19] - Gross profit for the same period was HKD 27,129,000, up 52% from HKD 17,790,000, resulting in a gross margin of 29%, compared to 27% in the previous year[23] - The group recorded a profit attributable to owners of the company of HKD 3,653,000, compared to a loss of HKD 8,963,000 for the same period last year[26] Revenue Segmentation - Revenue from the environmental products segment rose by 40% to HKD 69,342,000, compared to HKD 49,583,000 in the previous year[19] - Revenue from the water supply segment increased by 47% to HKD 22,831,000, up from HKD 15,582,000 in the prior year[19] Expenses and Costs - The company reported a total of HKD 1,653,000 in other income for the nine months ended July 31, 2021, down from HKD 5,950,000 for the same period in 2020[5] - The financing costs for the nine months ended July 31, 2021, were HKD 653,000, compared to HKD 421,000 for the same period in 2020[5] - The company’s administrative expenses for the nine months ended July 31, 2021, were HKD 18,556,000, compared to HKD 17,664,000 for the same period in 2020[5] - The company’s sales costs for the nine months ended July 31, 2021, were HKD 65,044,000, compared to HKD 47,375,000 for the same period in 2020[5] - Administrative expenses increased by 5% to HKD 18,556,000, primarily due to rising employee costs and the appreciation of the Renminbi[24] - Sales expenses rose by 3% to HKD 3,488,000, attributed to increased exhibition and travel costs[24] - Tax provisions for the nine months amounted to HKD 2,398,000, a significant decrease from HKD 10,979,000 in the previous year[26] Corporate Governance and Compliance - The group has complied with all corporate governance codes as per GEM listing rules during the reporting period[34] - The Audit Committee reviewed the unaudited financial results for the three months and nine months ended July 31, 2021, and confirmed compliance with applicable accounting standards and regulations[40] - The Nomination Committee was established in February 2006 to develop nomination policies and recommend director appointments to the Board[39] - The Board of Directors includes Executive Directors Mr. Wu Zhengwei and Mr. Liang Weilun, along with Independent Non-Executive Directors Dr. Lv Xinrong, Ms. Chen Shaoping, Professor Ni Jun, and Mr. Zhou Jinrong[40] Strategic Plans and Market Position - The company did not recommend an interim dividend for the nine months ended July 31, 2021, consistent with the previous year[16] - The company has exclusive rights to supply treated water to certain areas in Tianjin, enhancing its market position[22] - The company plans to supply treated water to rural areas in Tianjin to replace groundwater usage, aligning with local government policies[22] - The company is monitoring the Chinese market for new products or services that align with energy-saving and emission-reduction policies[20] - The company expects optimistic prospects for its environmental products business due to increasing global attention on environmental issues[20] Other Information - No significant acquisitions or disposals of subsidiaries or associated companies occurred during the nine months ended July 31, 2021[35] - There were no purchases or sales of the company's listed securities by the company or its subsidiaries during the nine months[32] - The group did not experience any competition or conflicts of interest from directors or major shareholders during the reporting period[36] - The company is assessing the potential impact of new accounting standards on its financial reporting[10]

概要 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上市之公司之新興性質使然，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 就彼等所知及所信，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，足以令致本報告所載任何陳述或本報告 ...

Financial Performance - For the fiscal year ended October 31, 2020, the total revenue of the company decreased by 4% to HKD 92,638,000, down from HKD 96,477,000 in 2019[6] - The revenue from the environmental products business was HKD 70,299,000, which is comparable to last year's revenue of HKD 70,422,000, accounting for 76% of total revenue[5] - The revenue from the water supply business was HKD 22,339,000, a decrease of 14% from HKD 26,055,000 in 2019, primarily due to the impact of COVID-19 on schools and factories[5] - The gross profit for the fiscal year was HKD 29,559,000, a decrease of 3% from HKD 30,349,000 in 2019, with a gross profit margin of 32%[6] - The company recorded a loss attributable to owners of HKD 7,786,000 for the fiscal year, compared to a loss of HKD 574,000 in 2019[9] - The company has made a tax provision of HKD 16,464,000 for the fiscal year, significantly higher than HKD 2,205,000 in 2019, due to adjustments from prior years[9] - Other income, gains, and losses increased to HKD 11,324,000 from HKD 1,690,000 in 2019, primarily due to an increase in agency service income[27] - The group recorded a loss attributable to owners of HKD 7,786,000 for the year, compared to a loss of HKD 574,000 in 2019[29] - The company reported a net loss of HKD 7,668,000 for the year, compared to a profit of HKD 695,000 in the previous year[155] - The company’s equity decreased to HKD 102,285,000 from HKD 105,279,000, reflecting the impact of the net loss on shareholder value[156] Revenue Breakdown - Environmental products business revenue accounted for 76% of total revenue, up from 73% in the previous year[24] - Revenue from the environmental products business was HKD 70,299,000, approximately unchanged from HKD 70,422,000 in the previous year[24] - Revenue from the water supply business decreased by 14% to HKD 22,339,000, down from HKD 26,055,000 in the previous year due to the impact of COVID-19[24] - Total revenue for the year decreased by 4% to HKD 92,638,000, compared to HKD 96,477,000 in the previous year, primarily due to reduced revenue from the Tianjin water supply business[24] Strategic Developments - The company acquired the remaining 20% of the issued share capital of Huayong International Limited, making it a wholly-owned subsidiary, which aligns with the company's strategic management goals[10] - The company plans to explore new products or services that comply with China's energy-saving and emission reduction policies, while closely monitoring market conditions[9] - The company anticipates benefits from the construction of the new intercity railway in the Baodi District, which is expected to enhance economic development in the area[10] Governance and Compliance - The company has adopted a board diversity policy since August 28, 2013, emphasizing the importance of diversity in enhancing company performance[47] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse skill set and experience[44] - The company has confirmed that all directors fully complied with the trading code during the review year, with no violations reported[42] - The board is responsible for formulating business strategies, reviewing performance, and approving financial statements and annual budgets[43] - The company maintains high transparency and accountability to protect shareholder interests through effective governance practices[40] Risk Management - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, which are reviewed at least annually by the audit committee[79] - The group has established a clear organizational structure with defined responsibilities and reporting procedures for risk management and internal controls[79] - The independent risk advisory firm conducts annual reviews of the adequacy and effectiveness of the group's risk management and internal control systems[83] - The audit committee and board believe that the risk management and internal control systems are fundamentally effective and adequate[83] Financial Ratios and Assets - Current assets net value as of October 31, 2020, was approximately HKD 26,867,000, down from HKD 44,881,000 in 2019[30] - The current ratio was approximately 1.34 as of October 31, 2020, compared to 1.62 in 2019[30] - The debt-to-equity ratio was about 11% as of October 31, 2020, down from 18% in 2019[32] - Total assets decreased to HKD 197,273,000 from HKD 204,607,000, while total liabilities increased to HKD 94,988,000 from HKD 99,328,000[156] Shareholder Communication - The group has adopted a shareholder communication policy to ensure that shareholders and potential investors can access unbiased and easily understandable information[85] - The company has established multiple channels for communication with shareholders, enhancing engagement with existing and potential investors[86] Environmental and Social Responsibility - The company emphasizes sustainable operations and maintains a strong focus on workplace safety for its employees[113] - The company has implemented policies to minimize environmental impact and comply with applicable environmental regulations[112] Accounting Standards and Changes - The company has adopted new and revised Hong Kong Financial Reporting Standards, which clarify the definition of "materiality" and unify definitions across all standards and frameworks[190] - The revised HKFRS 16 allows lessees to assess certain rent concessions related to the COVID-19 pandemic without treating them as lease modifications[194] - The company is evaluating the impact of adopting the revised HKFRS 16 and considering whether to utilize available exemption options[194] - The company plans to apply the new standards upon their effective dates, ensuring compliance with the latest accounting regulations[191]

Financial Performance - For the nine months ended July 31, 2020, revenue was HKD 65,165,000, a decrease of approximately 13% compared to HKD 75,290,000 for the same period in 2019[6] - The loss attributable to owners of the company for the nine months ended July 31, 2020, was HKD 8,963,000, compared to a loss of HKD 269,000 for the same period in 2019[6] - Basic loss per share for the nine months ended July 31, 2020, was approximately HKD 1.38, compared to HKD 0.04 for the same period in 2019[6] - Gross profit for the nine months ended July 31, 2020, was HKD 17,790,000, down from HKD 21,816,000 in the same period of 2019[7] - Operating profit for the nine months ended July 31, 2020, was HKD 2,680,000, slightly down from HKD 2,689,000 for the same period in 2019[7] - Total comprehensive loss for the nine months ended July 31, 2020, was HKD 6,879,000, compared to a total comprehensive income of HKD 945,000 for the same period in 2019[8] - Other income for the nine months ended July 31, 2020, was HKD 5,950,000, significantly higher than HKD 1,706,000 for the same period in 2019[7] - The company incurred finance costs of HKD 421,000 for the nine months ended July 31, 2020, compared to HKD 382,000 for the same period in 2019[7] - The company’s administrative expenses for the nine months ended July 31, 2020, were HKD 17,664,000, slightly up from HKD 17,209,000 in the same period of 2019[7] Revenue Breakdown - The revenue from the water supply segment for the nine months ended July 31, 2020, was HKD 15,582 thousand, down 16.5% from HKD 18,681 thousand in the previous year[19] - The revenue from environmental products for the nine months ended July 31, 2020, was HKD 49,583 thousand, a decrease of 12.4% compared to HKD 56,609 thousand for the same period in 2019[19] - Revenue from the environmental products business fell by 12% to HKD 49,583,000, down from HKD 56,609,000 in the previous period[26] - The water supply business revenue decreased by 17% to HKD 15,582,000 from HKD 18,681,000 due to the impact of COVID-19[26] Tax and Provisions - The company recognized a tax provision of HKD 10,979 thousand for the nine months ended July 31, 2020, compared to HKD 1,981 thousand for the same period in 2019[20] - The company’s income tax expense for the three months ended July 31, 2020, included a current tax expense of HKD 2,449 thousand from China[20] Corporate Actions and Governance - The company acquired the remaining 20% of the issued share capital of Huayong International Limited, making it a wholly-owned subsidiary, which aligns with the company's strategic management[29] - The company completed the acquisition of the remaining 20% of the issued share capital of Hua Yong International Limited on December 17, 2019, making it a wholly-owned subsidiary[42] - The company has adhered to the corporate governance code as per GEM Listing Rules, with the exception of one independent non-executive director's absence from the annual general meeting due to being outside Hong Kong[41] Shareholding Structure - As of July 31, 2020, the total number of shares held by directors and key executives in the company is zero, indicating no significant insider ownership reported[34] - Virtue Trustees (Switzerland) AG and Wide Sky Management Limited each hold 344,621,200 shares, representing 53.06% of the company's issued shares as of July 31, 2020[36] - Dr. Pak Kwok Ping holds 44,224,000 shares, accounting for 6.81% of the company's issued shares as of July 31, 2020[36] Compliance and Review - The audit committee reviewed the unaudited results for the three and nine months ending July 31, 2020, confirming compliance with applicable accounting standards[47]