Financial Performance - For the three months ended January 31, 2022, the company's revenue was HKD 26,655,000, a decrease of 11% compared to HKD 30,020,000 for the same period in 2021[7] - The company's net profit attributable to shareholders for the three months ended January 31, 2022, was HKD 2,347,000, compared to HKD 770,000 for the same period in 2021[7] - Basic earnings per share for the three months ended January 31, 2022, were approximately HKD 0.36, up from HKD 0.12 for the same period in 2021[8] - Total comprehensive income for the period was HKD 4,315,000, compared to HKD 3,804,000 for the same period in 2021[8] - The company reported a gross profit of HKD 8,257,000 for the three months ended January 31, 2022, compared to HKD 8,222,000 for the same period in 2021[7] - The company’s operating profit for the period was HKD 1,089,000, compared to HKD 3,486,000 for the same period in 2021[7] - Total comprehensive income for the three months ending January 31, 2022, was HKD 3,804,000, compared to HKD 4,315,000 for the same period in 2021, indicating a decline of about 11.9%[20] - Revenue for the three months ending January 31, 2022, was HKD 26,655,000, down from HKD 30,020,000 in the same period of 2021, reflecting a decrease of approximately 11.8%[16] - The basic earnings per share for the three months ending January 31, 2022, was HKD 0.0036, compared to HKD 0.0115 for the same period in 2021, a decrease of about 68.7%[20] Expenses and Costs - Selling and distribution expenses increased to HKD 1,535,000 from HKD 1,102,000 year-over-year[7] - Administrative expenses decreased slightly to HKD 5,881,000 from HKD 5,994,000 year-over-year[7] - The company recognized other income of HKD 248,000, down from HKD 2,360,000 in the previous year[7] - The company’s finance costs remained stable at HKD 128,000, compared to HKD 126,000 in the previous year[7] Equity and Retained Earnings - The company's total equity as of January 31, 2022, was HKD 120,553,000, an increase from HKD 116,238,000 as of January 31, 2021, representing a growth of approximately 3.0%[10] - The company’s retained earnings increased to HKD 50,762,000 as of January 31, 2022, from HKD 48,415,000 as of January 31, 2021, marking an increase of about 4.8%[10] Tax and Provisions - The company’s tax provision for the three months ending January 31, 2022, included HKD 1,110,000 for Hong Kong profits tax and HKD 301,000 for China corporate income tax[18] Revenue Breakdown - Revenue from environmental products dropped by 32% to HKD 16,120,000, while revenue from the water supply business increased by 70% to HKD 10,535,000[25] Corporate Governance - The company has adhered to the GEM listing rules regarding corporate governance throughout the three months ending January 31, 2022[34] - The company established an ESG committee in January 2022 to manage environmental, social, and governance matters[40] - The company has a remuneration committee responsible for reviewing the remuneration policies for directors and senior management[38] - The audit committee was established to oversee financial reporting procedures, risk management, and internal controls[41] - The nomination committee was formed to develop nomination policies and recommend directors to the board[39] - The company confirmed compliance with securities trading standards as of January 31, 2022[33] Shareholder Information - As of January 31, 2022, the company had a total of 344,621,200 shares held by key stakeholders, representing 53.06% of the issued share capital[30] - No purchases, redemptions, or sales of the company's listed securities occurred in the three months ending January 31, 2022[32] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the three months ending January 31, 2022[35] - No competition or conflict of interest was reported among directors, management, or major shareholders during the three months ending January 31, 2022[36] Future Outlook - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[22] - The company remains optimistic about the future prospects of its environmental products business due to increasing global attention on environmental issues[22] - The completion of the new urban rail line is expected to enhance economic development in the Baodi District and benefit the company's water supply operations[23] Market Conditions - The manufacturing PMI in China was reported at 50.2, indicating a recovery in manufacturing operations[22] Audit and Review - The audit committee has reviewed the group's unaudited performance for the three months ending January 31, 2022, and believes that the performance is prepared in accordance with applicable accounting standards and regulations, with sufficient disclosure made[43] - The announcement is made by the board of directors, including executive directors Mr. Wu Zhengwei and Mr. Liang Weilun, and independent non-executive directors[45]
环康集团(08169) - 2022 Q1 - 季度业绩