Financial Performance - For the six months ended April 30, 2022, revenue was HKD 49,740,000, a decrease of approximately 16% compared to HKD 59,211,000 for the same period in 2021[7]. - The profit attributable to owners of the company for the six months ended April 30, 2022, was HKD 3,099,000, an increase from HKD 1,674,000 for the same period in 2021[7]. - Basic earnings per share for the six months ended April 30, 2022, were approximately HKD 0.48, compared to HKD 0.26 for the same period in 2021[7]. - Gross profit for the six months ended April 30, 2022, was HKD 16,599,000, compared to HKD 15,301,000 for the same period in 2021, indicating a slight increase[7]. - Other income for the six months ended April 30, 2022, was HKD 940,000, compared to HKD 2,891,000 for the same period in 2021, showing a significant decrease[7]. - The company reported a net profit before tax of HKD 4,393,000 for the six months ended April 30, 2022, compared to HKD 2,522,000 for the same period in 2021[7]. - The company’s operating profit for the six months ended April 30, 2022, was HKD 3,025,000, compared to HKD 4,654,000 for the same period in 2021, indicating a decline[7]. - Reported segment profit for the six months ended April 30, 2022, was HKD 13,342,000, down 6.1% from HKD 14,210,000 in the previous year[24]. Assets and Liabilities - Total assets decreased from HKD 136,440,000 to HKD 126,137,000, a decline of approximately 2.4% year-over-year[9]. - Current liabilities decreased from HKD 71,229,000 to HKD 53,128,000, a reduction of approximately 25.4%[10]. - Total equity increased from HKD 116,238,000 to HKD 122,898,000, reflecting a growth of about 5.8%[10]. - The company reported a net asset value of HKD 44,656,000, up from HKD 33,672,000, indicating a significant increase of approximately 32.5%[9]. - The company’s total liabilities decreased from HKD 71,229,000 to HKD 53,128,000, a decrease of approximately 25.4%[10]. - Total liabilities for the reporting segment as of April 30, 2022, were HKD 51,417,000, a decrease of 24.2% from HKD 67,962,000 in the previous year[24]. Cash Flow and Investments - Net cash flow from operating activities increased from HKD 53,795,000 to HKD 63,270,000, representing a growth of about 17.5%[12]. - Cash and cash equivalents decreased from HKD 63,270,000 to HKD 53,795,000, a decline of about 15%[12]. - The company allocated HKD 1,558,000 for the acquisition of non-current assets during the six months ended April 30, 2022, compared to HKD 976,000 in 2021[22]. - The company incurred depreciation expenses of HKD 2,215,000 for the six months ended April 30, 2022, down from HKD 3,296,000 in the previous year[22]. Revenue Segmentation - Revenue from the water supply segment for the three months ended April 30, 2022, was HKD 23,085,000, while for the six months it was HKD 49,740,000[20]. - Revenue from environmental products for the three months ended April 30, 2022, was HKD 16,498,000, and for the six months it was HKD 32,618,000[20]. - Revenue from environmental products business in the industrial market in China decreased by 29% to HKD 32,618,000 from HKD 45,922,000 in the previous period[45]. - Revenue from the water supply business increased by 29% to HKD 17,122,000 from HKD 13,289,000 in the previous period[45]. Corporate Governance and Structure - The company has adhered to the GEM listing rules regarding corporate governance, with one exception related to attendance at the annual general meeting[66]. - There were no reported conflicts of interest among directors, management, or major shareholders as of April 30, 2022[67]. - The company established the Nomination Committee in February 2006 to develop nomination policies and recommend director appointments to the board[70]. - The Environment, Social and Governance (ESG) Committee was formed in January 2022 to provide advice to the board on managing ESG-related matters[71]. - The Audit Committee was established in December 2001 to review and supervise the financial reporting process and internal control systems[72]. Shareholder Information - Major shareholder Jiang Li holds 344,621,200 shares, representing 53.06% of the company's ordinary shares[62]. - The company did not declare an interim dividend for the six months ended April 30, 2022, compared to no dividend declared in the same period of 2021[29]. - The company has a loan from a major shareholder amounting to HKD 500,000 as of April 30, 2022, with an annual interest rate of 5.25%[41].
环康集团(08169) - 2022 Q2 - 季度业绩