H 
0.24
0.00%
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$342.1m
FY2016FY2025
Net income
−HK$498.3m
FY2016FY2025
Free cash flow
−HK$47.1m
FY2016FY2025
Shareholders' equity
HK$696.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$342.1m | HK$34.2m | HK$1.33bn | HK$13.6m | HK$158.4m | HK$633.2m | HK$814.4m | HK$174.6m | HK$53.2m | HK$16.1m |
| Research and development | — | — | — | HK$2.3m | HK$4.8m | HK$4.4m | HK$4.6m | HK$4.8m | HK$2.3m | — |
| Operating income | −HK$507.9m | −HK$273.9m | HK$212.9m | −HK$221.2m | −HK$222.4m | −HK$235.1m | HK$190.1m | −HK$419.7m | −HK$98.8m | −HK$126.9m |
| Net income | −HK$498.3m | −HK$260.8m | HK$159.1m | −HK$221.8m | −HK$235.6m | −HK$237.3m | HK$105.1m | −HK$444.7m | −HK$95.2m | −HK$1.25bn |
| Diluted earnings per share | -0.14 | -0.07 | 0.04 | -0.06 | -0.06 | -0.07 | 0.03 | -0.16 | -0.03 | -0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.39bn | HK$1.95bn | HK$2.23bn | HK$2.22bn | HK$2.27bn | HK$1.75bn | HK$1.86bn | HK$1.69bn | HK$1.05bn | HK$1.01bn |
| Cash and short-term investments | HK$88.1m | HK$148.6m | HK$310.1m | HK$53.7m | HK$118.8m | HK$142.1m | HK$282.2m | HK$158.5m | HK$39.7m | HK$361.8m |
| Total liabilities | HK$691.1m | HK$793.7m | HK$780.7m | HK$888.6m | HK$613.7m | HK$299.2m | HK$725.3m | HK$1.03bn | HK$254.4m | HK$184.6m |
| Debt | HK$8.7m | HK$56.7m | HK$17.9m | HK$138.2m | HK$122.8m | HK$71.3m | HK$86.9m | HK$295.3m | HK$77.5m | — |
| Shareholders' equity | HK$696.6m | HK$1.15bn | HK$1.45bn | HK$1.33bn | HK$1.66bn | HK$1.45bn | HK$1.13bn | HK$658.7m | HK$792.2m | HK$826.9m |
| Shares outstanding | 3,656m | 3,656m | 3,656m | 3,656m | 3,669m | 3,242m | 3,105m | 2,828m | 2,768m | 2,575m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$46.8m | −HK$188.8m | HK$364.3m | −HK$45.9m | −HK$483.3m | −HK$572.3m | HK$68.2m | −HK$63.5m | −HK$472.6m | −HK$367.0m |
| Capital spending | −HK$253,000 | −HK$35,000 | −HK$1.4m | −HK$144,000 | −HK$147,000 | −HK$220,000 | −HK$3.2m | −HK$666,000 | −HK$3.0m | −HK$25.0m |
| Free cash flow | −HK$47.1m | −HK$188.9m | HK$362.9m | −HK$46.1m | −HK$483.5m | −HK$572.5m | HK$65.0m | −HK$64.2m | −HK$475.6m | −HK$392.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.7m | HK$162.1m | HK$179.9m | −HK$81.0m | HK$115.2m | −HK$60.5m | HK$1.39bn | −HK$943,000 |
| Operating income | −HK$39.3m | −HK$251.8m | −HK$100.7m | −HK$183.7m | −HK$90.3m | −HK$511.7m | HK$724.6m | −HK$127.6m |
| Net income | −HK$40.1m | −HK$396.1m | −HK$102.2m | −HK$171.8m | −HK$89.0m | −HK$241.6m | HK$400.8m | −HK$128.2m |
| Diluted earnings per share | -0.01 | -0.11 | -0.03 | -0.05 | -0.02 | -0.07 | 0.11 | -0.04 |
| Cash from operations | −HK$51.0m | HK$44.0m | −HK$91.0m | HK$7.0m | −HK$197.0m | HK$199.0m | HK$163.0m | −HK$77.0m |
| Capital spending | — | — | — | — | — | −HK$1.0m | — | — |
| Free cash flow | — | — | — | — | — | HK$198.0m | — | — |
| Total assets | HK$1.62bn | HK$1.39bn | HK$1.85bn | HK$1.95bn | HK$2.07bn | HK$2.23bn | HK$2.36bn | HK$2.21bn |
| Cash and short-term investments | HK$260.9m | HK$88.1m | HK$38.7m | HK$148.6m | HK$107.4m | HK$310.1m | HK$159.4m | HK$93.9m |
| Debt | HK$6.2m | HK$8.7m | HK$43.6m | HK$56.7m | HK$11.2m | HK$32.2m | HK$88.8m | HK$138.4m |
| Shareholders' equity | HK$907.6m | HK$696.6m | HK$1.08bn | HK$1.15bn | HK$1.33bn | HK$1.45bn | HK$1.66bn | HK$1.33bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 192.8% | -11.6% | 2.5% |
| Operating income | 31.9% | 16.7% | 20.0% |
| Net income | 31.0% | 16.0% | 18.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -207.8% | -45.9% | -49.6% | -46.5% |
| Net margin | -201.8% | -47.7% | -51.5% | -80.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.4 | -6.5 | 15.4 | -18.1 | -22.0 | -19.3 | 44.3 | -10.3 | -48.6 | -5.3 |
| Price to sales | 3.4 | 49.7 | 1.8 | 295.1 | 32.7 | 7.2 | 5.7 | 26.2 | 86.9 | 415.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 18 Jun 2012
- 10-to-1 reverse split · 22 Jun 2011
- 20-to-1 reverse split · 7 Dec 2010
- 20-to-1 reverse split · 12 Feb 2009
- 5-to-1 reverse split · 15 Jul 2008
- 5-to-2 reverse split · 6 Mar 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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