[Caihua Social News] Huankang Group (08169.HK) announced that for the six months ended April 30, 2021, its income was about HK $59.211 million, an increase of 49.71% over the same period last year. The profit attributable to shareholders was about HK $1.674 million, compared with a loss of HK $9.639 million in the same period last year. Earnings per share are HK0.26 cents; no dividend is paid.

The increase in revenue is mainly due to the increase in revenue from the company's environmental protection products business and the waterworks business under the favorable industrial market atmosphere in China.

The Group's gross profit margin for the six months ended April 30, 2021 was 28% (for the six months ended April 30, 2020: 31%). The decline in the Group's gross profit margin is due to changes in the sales mix due to a change in the sales mix due to a smaller increase in business income from waterworks with higher gross profit margin than that from environmentally friendly products.