Financial Performance - For the fiscal year ending October 31, 2024, revenue decreased by approximately 7% to HKD 94,644,000, compared to HKD 101,924,000 in the previous year[8] - The company reported a loss attributable to shareholders of HKD 1,806,000 for the fiscal year ending October 31, 2024, compared to a profit of HKD 5,593,000 in the previous year[8] - Basic and diluted loss per share for the fiscal year ending October 31, 2024, was HKD 0.28, while the previous year reported earnings per share of HKD 0.86[8] - Gross profit for the fiscal year ending October 31, 2024, was HKD 31,098,000, down from HKD 36,932,000 in the previous year[7] - Operating profit for the fiscal year ending October 31, 2024, was HKD 130,000, a significant decrease from HKD 9,463,000 in the previous year[7] - The company recorded other income of HKD 899,000 for the fiscal year ending October 31, 2024, compared to HKD 1,845,000 in the previous year[7] - Administrative expenses increased to HKD 26,751,000 for the fiscal year ending October 31, 2024, from HKD 25,522,000 in the previous year[7] - The company reported a profit of HKD 5,593,000 for the year, despite a loss of HKD 1,806,000 in the current year[15] - Other comprehensive income for the year was HKD 2,487,000, contributing to the overall financial performance[15] Assets and Liabilities - Total assets as of October 31, 2024, amounted to HKD 120,837,000, compared to HKD 120,426,000 in 2023, reflecting a slight increase[11] - Current liabilities decreased from HKD 48,168,000 in 2023 to HKD 49,702,000 in 2024, indicating a change in short-term financial obligations[12] - The net asset value increased to HKD 108,242,000 in 2024 from HKD 107,561,000 in 2023, showing a positive trend in equity[13] - The company’s total liabilities increased slightly from HKD 49,702,000 in 2023 to HKD 48,168,000 in 2024, indicating a manageable level of debt[12] - The company’s total equity increased to HKD 108,242,000 in 2024, up from HKD 107,561,000 in 2023, reflecting a stable financial position[13] Revenue Segments - For the fiscal year ending October 31, 2024, the total revenue from external customers was HKD 94,644,000, with HKD 54,946,000 from environmental products and HKD 39,698,000 from water supply[23] - The reported profit for the environmental products segment was HKD 13,304,000, while the water supply segment reported a profit of HKD 14,861,000, contributing to a total profit of HKD 28,165,000[24] - Revenue from the water supply business fell by 15% from HKD 46,628,000 to HKD 39,698,000, primarily due to a decrease in average water selling prices and the depreciation of the RMB[56] - The environmental products segment generated revenue of HKD 54,946,000, remaining relatively stable compared to HKD 55,296,000 in the previous year, indicating resilience to market fluctuations[56] - The contribution ratio of the environmental products and water supply segments to total revenue was 58% and 42%, respectively, compared to 54% and 46% in the previous year[49] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased from HKD 41,485,000 in 2023 to HKD 27,052,000 in 2024, indicating a reduction in liquidity[11] - As of October 31, 2024, the group's net current assets amounted to approximately HKD 42,912,000, a decrease from HKD 43,841,000 on October 31, 2023[60] - The current ratio as of October 31, 2024, was approximately 1.89, slightly up from 1.88 on October 31, 2023[60] Employee and Operational Costs - Total employee compensation for the year was HKD 17,327,000, up from HKD 17,050,000 in 2022[31] - Total employee costs, including director remuneration and mandatory contributions, were approximately HKD 17,188,000 for the year ending October 31, 2024, compared to HKD 17,470,000 for the previous year[67] Corporate Governance and Committees - The Audit Committee was established on December 5, 2001, to oversee the financial reporting process, risk management, and internal control systems[77] - The Audit Committee held four meetings up to October 31, 2024, to review operational conditions[77] - The Environmental, Social, and Governance (ESG) Committee was established in January 2022 to provide advice on managing ESG-related matters[78] - The Group's financial performance for the year ending October 31, 2024, was reviewed and deemed compliant with applicable accounting standards and regulations[79] Future Outlook and Strategy - The company plans to explore new strategies for market expansion and product development in the upcoming fiscal year[8] - The company remains cautiously optimistic about future prospects, focusing on expanding its environmental products business and improving water supply operations[54] - The completion of new railways is expected to enhance economic integration and development in the water supply service area, positively impacting the business[53]
环康集团(08169) - 2024 - 年度业绩