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]
环康集团(08169) - 2022 Q1 - 季度财报