Gelonghui, January 22 | Huankang Group (08169.HK) announced that for the year ended October 31, 2023, earnings increased by about 4% to HK$102 million; profit attributable to company owners increased by about 28% to HK$5.593 million; and basic and diluted earnings per share increased by about 28% to HK$0.86 per share for the year ended October 31, 2023 (2022: HK0.67 cents).

At present, the company's environmental products business has successfully set up offices and service centers in Ningbo, Shanghai and Shunde. To expand, the company is planning to expand its service network to potential industrial customers in other parts of mainland China. This strategic policy aims to improve the company's operations in the field of energy-saving hydraulic machinery and components. While remaining cautious, the company will continue to monitor the development of the situation and adjust strategies as needed.

The environmental products business focuses on promoting sustainable development in China, and the company will achieve this goal through a firm commitment to the energy-saving hydraulic machinery and parts market. The company will use past collective experience to continuously search for new products or services in line with China's energy saving and emission reduction policies. In the environmental products business, several products have been used in the field of marine machinery and clean energy, including hydropower, wind power, and wave energy power generation facilities. As global environmental awareness increases, the company is optimistic about the business prospects of environmentally friendly products.