Financial Performance - For the three months ended January 31, 2023, the revenue was HKD 19,529,000, a decrease of 27% compared to HKD 26,655,000 for the same period in 2022[3] - The profit attributable to the owners of the company for the same period was HKD 1,087,000, down from HKD 2,347,000 in the previous year[3] - Basic earnings per share for the three months ended January 31, 2023, were approximately HKD 0.17, compared to HKD 0.36 for the same period in 2022[3] - Gross profit for the three months ended January 31, 2023, was HKD 6,965,000, down from HKD 8,222,000 in the previous year[5] - Total revenue for the three months ended January 31, 2023, decreased by 27% to HKD 19,529,000 from HKD 26,655,000 in the same period last year[18] - Revenue from the environmental products segment dropped by 42% to HKD 9,373,000 compared to HKD 16,120,000 in the previous period[21] - Gross profit for the period was approximately HKD 6,695,000, a decrease of 15% from HKD 8,222,000 in the same period last year[21] - The operating profit for the three months ended January 31, 2023, was HKD 2,423,000, down from HKD 3,486,000 in the previous year[5] Revenue Breakdown - Revenue from environmental products was HKD 9,373,000 for the three months ended January 31, 2023, down from HKD 16,120,000 in the previous year[13] - Revenue from water treatment plants was HKD 10,156,000, slightly down from HKD 10,535,000 in the previous year[13] Expenses and Costs - The company incurred financing costs of HKD 223,000 for the three months ended January 31, 2023, compared to HKD 126,000 in the previous year[5] - Administrative expenses for the period were HKD 5,979,000, relatively stable compared to HKD 5,994,000 in the previous period[22] Comprehensive Income - The company reported a total comprehensive income attributable to owners of HKD 13,819,000 for the three months ended January 31, 2023, compared to HKD 4,315,000 for the same period in 2022[6] Dividends - No interim dividend was recommended for the three months ended January 31, 2023[15] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules Appendix 15 during the three months ending January 31, 2023[29] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[36] - The company has established a Remuneration Committee to review and recommend remuneration policies for directors and senior management[32] - A Nomination Committee has been formed to develop nomination policies and make recommendations regarding the appointment of directors[34] - An Environmental, Social, and Governance (ESG) Committee was established to provide advice on managing ESG-related matters[35] - The Audit Committee reviewed the unaudited results for the three months ending January 31, 2023, confirming compliance with applicable accounting standards[36] Market and Strategic Outlook - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[19] - The Tianjin water plant is expected to benefit from the completion of the new intercity railway, enhancing economic development in the area[19] - The manufacturing PMI in China reached 52.6 in February 2023, indicating a recovery in operations among manufacturers[19] Shareholding and Securities - As of January 31, 2023, the company has a total of 344,621,200 shares held by Lily Cheung, representing 53.06% of the issued share capital[26] - No purchases, redemptions, or sales of the company's listed securities occurred during the three months ending January 31, 2023[27] Other Corporate Activities - There were no significant acquisitions or disposals of subsidiaries or associated companies during the three months ending January 31, 2023[30] - No competition or conflict of interest activities were reported by directors or major shareholders during the three months ending January 31, 2023[31]
环康集团(08169) - 2023 Q1 - 季度财报