Financial Performance - For the nine months ended July 31, 2022, revenue was HKD 74,341,000, a decrease of approximately 19% compared to HKD 92,173,000 for the same period in 2021[6] - For the nine months ended July 31, 2022, the company reported a net profit attributable to shareholders of HKD 4,453,000, compared to HKD 3,653,000 for the same period in 2021[6] - Basic earnings per share for the nine months ended July 31, 2022, was approximately HKD 0.69, up from HKD 0.56 for the same period in 2021[6] - The company reported a profit of HKD 1,354,000 for the three months ending July 31, 2022, compared to HKD 1,979,000 for the same period in 2021, representing a decrease of 31.4%[8] - For the nine months ending July 31, 2022, the profit attributable to shareholders was HKD 3,653,000, down from HKD 4,453,000 in the previous year, indicating a decline of 18%[10] - The total comprehensive income for the nine months ending July 31, 2022, was HKD 10,916,000, compared to HKD 12,000 for the same period in 2021, reflecting a significant increase[10] - The earnings per share for the three months ending July 31, 2022, was HKD 0.21, down from HKD 0.30 in the same period of the previous year, a decrease of 30%[8] - The company reported a total comprehensive income of HKD 6,980,000 for the nine months ending July 31, 2022, compared to a loss of HKD 4,441,000 in the previous year[10] - The 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[26] - The gross profit margin increased to 32% from 29% in the previous period, attributed to favorable foreign currency fluctuations[26] Revenue Breakdown - The company’s total revenue for the nine months ending July 31, 2022, was HKD 10,633,000, compared to HKD 5,717,000 in the previous year, indicating an increase of 86%[8] - Revenue for the nine months ended July 31, 2022, was HKD 92,173 million, compared to HKD 74,341 million for the same period in 2021, representing a growth of 24%[17] - The revenue from water plants for the nine months ended July 31, 2022, was HKD 25,503 million, an increase from HKD 22,831 million in the previous year, reflecting a growth of 12%[17] - The revenue from environmental protection products for the nine months ended July 31, 2022, was HKD 48,838 million, compared to HKD 69,342 million in the same period of 2021, indicating a decline of 30%[17] - The total revenue for the three months ended July 31, 2022, was HKD 24,601 million, compared to HKD 32,962 million for the same period in 2021, reflecting a decrease of 25%[17] - Revenue from the environmental products business in the Chinese industrial market fell by 30% to HKD 48,838,000, down from HKD 69,342,000 in the previous period[22] - The revenue from the water supply business increased by 12% to HKD 25,503,000, compared to HKD 22,831,000 in the previous period[22] Equity and Reserves - The total equity attributable to shareholders increased to HKD 116,250,000 as of July 31, 2022, from HKD 112,918,000 a year earlier, showing a growth of 2.9%[10] - The company’s capital reserves remained stable at HKD 19,586,000 as of July 31, 2022, unchanged from the previous year[10] - As of July 31, 2022, the company has a total of 344,621,200 shares held by major shareholders, representing 53.06% of the issued shares[30] Corporate Governance - The company has adhered to the GEM listing rules regarding corporate governance throughout the nine months ending July 31, 2022, with one exception related to attendance at the annual general meeting[33] - The company has established a Remuneration Committee to review and recommend the remuneration policies for directors and senior management[37] - The company has formed a Nomination Committee to develop nomination policies and make recommendations regarding the appointment of directors[38] - An Environment, Social, and Governance (ESG) Committee was established in January 2022 to provide advice on managing ESG-related matters[39] - The Audit Committee was established on December 5, 2001, to oversee the financial reporting process and internal control systems of the group[41] - The Audit Committee reviewed the unaudited financial results for the three months and nine months ended July 31, 2022, and confirmed compliance with applicable accounting standards and regulations[41] - The Chairman of the Audit Committee is Mr. Zhou Jinrong, with other members including Ms. Chen Shaoping and Professor Ni Jun, all of whom are independent non-executive directors[41] Future Plans - The company plans to continue focusing on market expansion and new product development to drive future growth[12] - The company plans to explore new products or services that align with China's energy-saving and emission-reduction policies[23] Taxation - The estimated taxable profit in Hong Kong is subject to a tax rate of 8.25% for the first HKD 2,000,000 and 16.5% for profits exceeding that amount, with no provision for Hong Kong profits tax in the current period[17][18] - The corporate income tax in China is calculated at a rate of 25% based on the estimated taxable profits generated in China during the period[18] Shareholder Activities - The company and its subsidiaries did not purchase or sell any listed securities during the nine months ending July 31, 2022[31] - There were no significant acquisitions or disposals of subsidiaries or associated companies during the nine months ending July 31, 2022[35] - No directors or major shareholders engaged in any business that competes with the company during the nine months ending July 31, 2022[36] - The company has confirmed compliance with the securities trading rules as of July 31, 2022[32] - The company has a direct beneficial ownership of 344,621,200 shares through Team Drive Limited, which is fully owned by Wide Sky Management Limited[34]
环康集团(08169) - 2022 Q3 - 季度业绩