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]
环康集团(08169) - 2020 Q3 - 季度财报