Financial Performance - For the fiscal year ending October 31, 2021, the company reported revenue of approximately HKD 118,520,000, an increase of about 28% compared to HKD 92,638,000 in the previous year[7]. - The company achieved a profit attributable to owners of HKD 5,062,000 for the fiscal year ending October 31, 2021, compared to a loss of HKD 7,786,000 for the previous year[7]. - Basic and diluted earnings per share for the fiscal year ending October 31, 2021, were approximately HKD 0.78, while the previous year reported a loss per share of HKD 1.20[7]. - The total comprehensive income for the year amounted to HKD 13,953 million, a decrease of 5,850 million compared to the previous year[9]. - The company reported a loss attributable to shareholders of HKD 5,062 million, compared to a loss of 7,786 million in the previous year[9]. - Basic and diluted loss per share was HKD 0.78, compared to a loss of HKD 1.20 in the previous year[9]. - The total comprehensive income for the year was HKD 13,953,000, compared to a loss of HKD 6,039,000 in the previous year, showing a significant turnaround[14]. - The company reported a profit of HKD 5,062,000 for the year, compared to a loss in the previous year, indicating improved financial performance[14]. Assets and Liabilities - Non-current assets increased to HKD 73,815 million from HKD 69,449 million year-over-year[11]. - Current assets decreased to HKD 104,901 million from HKD 105,199 million year-over-year[11]. - Total liabilities increased to HKD 71,229 million from HKD 78,332 million year-over-year[11]. - Cash and cash equivalents increased to HKD 63,270 million from HKD 55,807 million year-over-year[11]. - The company’s total assets decreased to HKD 126,137 million from HKD 117,941 million year-over-year[11]. - The company's total equity as of October 31, 2021, was HKD 116,238,000, compared to HKD 102,285,000 as of October 31, 2020, representing a growth of approximately 13.7%[14]. - The retained earnings increased to HKD 48,415,000 in 2021 from HKD 43,353,000 in 2020, reflecting an increase of about 11.9%[14]. - The company's capital reserves rose to HKD 13,015,000 in 2021, up from HKD 13,015,000 in 2020, indicating stability in this area[14]. - The company’s total liabilities include lease liabilities of HKD 1,907,000, indicating ongoing commitments in this area[14]. - The company's total assets were valued at HKD 116,238,000 as of October 31, 2021, compared to HKD 102,285,000 in 2020, marking an increase of approximately 13.7%[14]. Revenue Breakdown - Total revenue for the year ended October 31, 2021, was HKD 118,520,000, an increase from HKD 92,638,000 in the previous year, representing a growth of 28%[22]. - The revenue from environmental products was HKD 87,268,000, while the revenue from the water supply segment was HKD 31,252,000, contributing to the overall revenue[22]. - The gross profit from the reported segments was HKD 30,455,000, with environmental products contributing HKD 17,911,000 and the water supply segment contributing HKD 12,544,000[23]. - The environmental products business accounted for 74% of total revenue, while the water supply business contributed 26%, compared to 76% and 24% respectively in the previous year[46]. - The revenue from the environmental products business was HKD 87,268,000, up 24% from HKD 70,299,000 in the previous year, driven by favorable industrial market conditions in China[47]. - The revenue from the water supply business increased by 40% to HKD 31,252,000, compared to HKD 22,339,000 in the previous year, due to the absence of temporary shutdowns during the pandemic[47]. Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development in the upcoming fiscal year[9]. - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies, indicating a strategic focus on sustainability[48]. - The company will continue to monitor market conditions and adjust its development plans accordingly to capitalize on opportunities in the environmental sector[48]. Expenses and Taxation - The group's sales expenses for the year ended October 31, 2021, were HKD 3,872,000, an increase of 7% from HKD 3,611,000 in the previous year, primarily due to increased exhibition expenses[54]. - Administrative expenses decreased by 3% to HKD 26,467,000 for the year ended October 31, 2021, down from HKD 27,242,000 in the previous year, attributed to a reduction in legal and professional fees[54]. - The tax provision for the year ended October 31, 2021, was HKD 2,701,000, a significant decrease of 84% from HKD 16,464,000 in the previous year, due to prior year tax provisions being overstated[55]. - The provision for deferred tax for the year was HKD 200,000, compared to HKD 113,000 in the previous year, indicating a change in tax liabilities[32]. Employee Costs and Management - The total employee costs, including salaries and benefits, amounted to HKD 15,634 million in 2021, compared to HKD 15,059 million in 2020, showing an increase of about 3.8%[30]. - Total employee costs, including directors' remuneration and mandatory provident fund contributions, amounted to approximately HKD 15,767,000 for the year ended October 31, 2021, compared to HKD 15,206,000 in the previous year[63]. Other Financial Metrics - The group's borrowings from shareholders increased from HKD 11,200,000 in 2020 to HKD 13,891,000 in 2021, an increase of 24%[26]. - The group's total assets as of 2021 were HKD 197,366,000, compared to HKD 196,273,000 in 2020, showing a slight increase[26]. - The group's total liabilities decreased from HKD 93,988,000 in 2020 to HKD 81,128,000 in 2021, a reduction of approximately 13%[26]. - The current ratio as of October 31, 2021, was approximately 1.47, compared to 1.34 as of October 31, 2020[57]. - The group had a debt-to-equity ratio of approximately 12% as of October 31, 2021, compared to 11% in the previous year[59].
环康集团(08169) - 2021 Q4 - 年度业绩