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]
环康集团(08169) - 2021 Q3 - 季度财报