环康集团(08169) - 2025 - 中期业绩

Overview Condensed Consolidated Statement of Comprehensive Income During the reporting period, the company experienced a significant decline in both revenue and profit, primarily due to reduced income from environmental products and water plant businesses, leading to a substantial 91% decrease in profit attributable to owners of the company Condensed Consolidated Statement of Comprehensive Income | Metric | Six Months Ended April 30, 2025 (HK$ thousand) | Six Months Ended April 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 42,312 | 51,389 | | Cost of sales | (27,476) | (32,382) | | Gross profit | 14,836 | 19,007 | | Operating profit | 1,243 | 4,637 | | Profit before income tax | 898 | 3,890 | | Income tax expense | (719) | (1,880) | | Profit attributable to owners of the company | 179 | 2,010 | - Revenue decreased by approximately 18% compared to the same period[8] - Profit attributable to owners of the company decreased by approximately 91% compared to the same period[8] - Basic and diluted earnings per share were approximately HK$0.03 cents, a decrease of approximately 90% compared to the same period[8] Other Comprehensive Income Items | Other comprehensive income items | Six Months Ended April 30, 2025 (HK$ thousand) | Six Months Ended April 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Items that may be reclassified subsequently to profit or loss: | | | | Exchange differences (loss)/gain | (3,702) | 1,980 | | Total other comprehensive income for the period | (3,702) | 1,980 | | Total comprehensive income for the period | (3,523) | 3,990 | Condensed Consolidated Statement of Financial Position As of April 30, 2025, the company's total assets and net assets slightly decreased, while net current assets and current ratio remained stable Condensed Consolidated Statement of Financial Position | Metric | As at April 30, 2025 (HK$ thousand) | As at October 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | | | | Property, plant and equipment | 61,781 | 66,011 | | Right-of-use assets | 4,484 | 5,444 | | Interest in a joint venture | 4,265 | 4,484 | | Deferred tax assets | 1,556 | 1,380 | | Deposits | 122 | 195 | | Total non-current assets | 72,208 | 77,514 | | Current assets | | | | Inventories | 18,058 | 15,925 | | Trade receivables | 29,498 | 31,998 | | Deposits, prepayments and other receivables | 14,475 | 16,105 | | Cash and cash equivalents | 28,374 | 27,052 | | Total current assets | 90,405 | 91,080 | | Current liabilities | | | | Trade payables | 11,714 | 11,599 | | Accruals and other payables | 15,583 | 18,046 | | Contract liabilities | 7,135 | 6,554 | | Lease liabilities | 977 | 1,114 | | Loan from an associate | 1,200 | 1,200 | | Tax provision | 10,194 | 9,655 | | Total current liabilities | 46,803 | 48,168 | | Net current assets | 43,602 | 42,912 | | Total assets less current liabilities | 115,810 | 120,426 | | Non-current liabilities | | | | Lease liabilities | 327 | 820 | | Loan from an associate | 10,764 | 11,364 | | Total non-current liabilities | 11,091 | 12,184 | | Net assets | 104,719 | 108,242 | | Total equity | 104,719 | 108,242 | Condensed Consolidated Statement of Cash Flows During the period, operating cash flow shifted from net outflow to net inflow, while investing and financing cash flows remained net outflows, resulting in an increase in cash and cash equivalents at period-end Condensed Consolidated Statement of Cash Flows | Cash flow category | Six Months Ended April 30, 2025 (HK$ thousand) | Six Months Ended April 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash from/(used in) operating activities | 1,720 | (3,689) | | Net cash used in investing activities | (32) | (1,255) | | Net cash used in financing activities | (943) | (1,013) | | Net increase/(decrease) in cash and cash equivalents | 745 | (5,957) | | Effect of foreign exchange rate changes | 577 | 948 | | Cash and cash equivalents at beginning of period | 27,052 | 41,485 | | Cash and cash equivalents at end of period | 28,374 | 36,476 | Condensed Consolidated Statement of Changes in Equity During the reporting period, the company's total equity decreased due to a negative total comprehensive income for the period Condensed Consolidated Statement of Changes in Equity | Equity item | As at April 30, 2025 (HK$ thousand) | As at April 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total at beginning of period | 108,242 | 111,551 | | Profit for the period | 179 | 2,010 | | Other comprehensive income for the period | (3,702) | 1,980 | | Total comprehensive income for the period | (3,523) | 3,900 | | Total at end of period | 104,719 | 111,551 | Notes to the Condensed Consolidated Financial Statements 1. Basis of Preparation Financial statements are presented in HKD, adhere to Hong Kong Financial Reporting Standards, maintain consistent accounting policies with prior audited statements, and new standards have no material impact this period - The company is registered in the Cayman Islands, with shares listed on GEM of the Stock Exchange since December 5, 2001[15] - Financial statements are presented in HKD, with the functional currency of Chinese subsidiaries being RMB[15] - Preparation adheres to Hong Kong Financial Reporting Standards issued by the HKICPA, and includes disclosure requirements of the GEM Listing Rules[16] - Newly issued and revised Hong Kong Financial Reporting Standards have no material impact on the results and financial position for the current and prior periods[18] 2. Revenue and Segment Information The company's revenue primarily stems from environmental products and water plant segments, both experiencing revenue declines, with environmental products' share slightly increasing Revenue Sources | Business Type |