Financial Performance - For the nine months ended July 31, 2022, the revenue was HKD 74,341,000, a decrease of approximately 19% compared to HKD 92,173,000 for the same period in 2021[3]. - The profit attributable to the owners of the company for the nine months ended July 31, 2022, was HKD 4,453,000, an increase from HKD 3,653,000 for the same period in 2021[5]. - Basic earnings per share for the nine months ended July 31, 2022, was approximately HKD 0.69, compared to HKD 0.56 for the same period in 2021[6]. - Gross profit for the nine months ended July 31, 2022, was HKD 23,486,000, down from HKD 27,129,000 in the previous year[5]. - Operating profit for the nine months ended July 31, 2022, was HKD 6,911,000, slightly up from HKD 6,738,000 for the same period in 2021[5]. - Total comprehensive income for the nine months ended July 31, 2022, was HKD 12, compared to HKD 10,633,000 for the same period in 2021[8]. - The company reported a foreign exchange loss of HKD 4,441,000 for the nine months ended July 31, 2022[8]. - Other income for the nine months ended July 31, 2022, was HKD 4,246,000, significantly higher than HKD 1,653,000 for the same period in 2021[5]. - Revenue from the environmental products segment decreased by 30% to HKD 48,838,000, down from HKD 69,342,000 in the previous period[20]. - Revenue from the water supply segment increased by 12% to HKD 25,503,000, compared to HKD 22,831,000 in the previous period[20]. - Gross margin increased to 32% for the nine months ended July 31, 2022, compared to 29% for the same period in 2021[23]. Expenses and Costs - Gross profit for the nine months ended July 31, 2022, was HKD 23,486,000, a decrease of 13% from HKD 27,129,000 in the same period last year[23]. - Administrative expenses decreased by 1% to HKD 18,359,000, down from HKD 18,556,000 in the previous period[23]. - Sales expenses decreased by 29% to HKD 2,462,000, compared to HKD 3,488,000 in the previous period[23]. - The company incurred financing costs of HKD 593,000 for the nine months ended July 31, 2022, compared to HKD 653,000 in the previous year[5]. Shareholder Information - As of July 31, 2022, the total number of shares held by major shareholders includes 344,621,200 shares, representing 53.06% of the issued shares[28]. - Dr. Pak Kwok Ping directly holds 44,224,000 shares, accounting for 6.81% of the issued shares[28]. Corporate Governance - The company has complied with all corporate governance codes as per GEM Listing Rules, except for the absence of an independent non-executive director at the annual general meeting due to other commitments[33]. - The company has established various committees, including the Remuneration Committee and Nomination Committee, to oversee governance and management practices[36][38]. - The company has adopted a Securities Trading Code for directors and designated employees, ensuring compliance with trading standards[32]. Dividends and Future Plans - The company does not recommend an interim dividend for the nine months ended July 31, 2022[17]. - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[21]. Other Information - No purchases, redemptions, or sales of the company's listed securities were made by the company or its subsidiaries during the nine months ended July 31, 2022[29]. - There were no significant acquisitions or disposals of subsidiaries or associated companies during the nine months ended July 31, 2022[34]. - The company has not engaged in any business that competes or may compete with its operations during the nine months ended July 31, 2022[35]. - The Audit Committee reviewed the unaudited financial results for the three and nine months ended July 31, 2022, confirming compliance with applicable accounting standards[40]. - The company has not redeemed any of its listed securities during the nine months ended July 31, 2022[29].
环康集团(08169) - 2022 Q3 - 季度财报