S 
0.03
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$31.1m
FY2016FY2025
Net income
−HK$43.2m
FY2016FY2025
Free cash flow
−HK$16.7m
FY2016FY2025
Shareholders' equity
−HK$167.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$31.1m | HK$36.0m | HK$114.0m | HK$181.1m | HK$105.6m | HK$92.6m | HK$74.3m | HK$60.7m | HK$36.6m | HK$17.3m |
| Research and development | — | — | — | HK$175,000 | — | — | — | — | HK$201,000 | HK$56,000 |
| Operating income | −HK$7.8m | −HK$85.3m | −HK$42.8m | HK$7.4m | −HK$31.5m | −HK$22.8m | −HK$26.7m | −HK$36.3m | −HK$10.6m | −HK$7.2m |
| Net income | −HK$43.2m | −HK$165.1m | −HK$46.4m | −HK$2.2m | −HK$52.8m | −HK$5.5m | −HK$21.1m | −HK$40.2m | −HK$2.7m | −HK$5.0m |
| Diluted earnings per share | -0.10 | -0.37 | -0.13 | -0.01 | -0.14 | -0.02 | -0.06 | -0.12 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$205.3m | HK$227.6m | HK$361.7m | HK$462.0m | HK$295.0m | HK$157.6m | HK$164.8m | HK$123.0m | HK$164.2m | HK$155.8m |
| Cash and short-term investments | HK$29.4m | HK$35.3m | HK$69.2m | HK$104.4m | HK$86.2m | HK$28.2m | HK$10.1m | HK$33.2m | HK$73.8m | HK$83.0m |
| Total liabilities | HK$372.6m | HK$355.6m | HK$364.7m | HK$414.8m | HK$232.5m | HK$50.3m | HK$68.9m | HK$4.6m | HK$3.0m | HK$2.6m |
| Debt | HK$143.8m | HK$125.9m | HK$5.5m | HK$1.6m | HK$194.4m | HK$5.7m | HK$18.1m | −HK$2,000 | −HK$406,000 | — |
| Shareholders' equity | −HK$167.3m | −HK$128.0m | −HK$3.0m | HK$47.2m | HK$62.5m | HK$107.3m | HK$96.5m | HK$118.3m | HK$161.1m | HK$153.2m |
| Shares outstanding | 444m | 444m | 370m | 370m | 370m | 351m | 337m | 337m | 337m | 337m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$16.7m | −HK$131.7m | −HK$32.6m | HK$19.7m | −HK$131.9m | HK$22.9m | −HK$6.7m | −HK$32.1m | −HK$18.5m | −HK$9.0m |
| Capital spending | −HK$5,000 | — | −HK$5,000 | −HK$25,000 | −HK$1.8m | −HK$14,000 | −HK$843,000 | −HK$3.0m | −HK$640,000 | −HK$491,000 |
| Free cash flow | −HK$16.7m | −HK$131.7m | −HK$32.6m | HK$19.7m | −HK$133.7m | HK$22.9m | −HK$7.5m | −HK$35.0m | −HK$19.2m | −HK$9.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$18.2m | HK$15.0m | HK$16.1m | HK$20.1m | HK$16.0m | HK$12.3m | HK$101.7m | HK$137.5m |
| Operating income | −HK$11.6m | −HK$2.8m | −HK$5.0m | −HK$61.4m | −HK$24.0m | −HK$46.2m | HK$3.2m | HK$22.6m |
| Net income | −HK$22.6m | −HK$12.3m | −HK$30.9m | −HK$141.0m | −HK$24.1m | −HK$45.5m | −HK$926,000 | HK$13.2m |
| Diluted earnings per share | -0.05 | -0.03 | -0.07 | -0.32 | -0.05 | -0.12 | -0.00 | 0.04 |
| Cash from operations | — | −HK$10.0m | −HK$6.0m | −HK$94.0m | −HK$37.0m | −HK$34.0m | HK$1.0m | HK$18.0m |
| Total assets | HK$209.0m | HK$205.3m | HK$207.7m | HK$227.6m | HK$351.1m | HK$361.7m | HK$412.7m | HK$462.0m |
| Cash and short-term investments | HK$28.6m | HK$29.4m | HK$32.4m | HK$35.3m | HK$67.8m | HK$69.2m | HK$105.3m | HK$104.4m |
| Debt | HK$154.4m | HK$144.3m | HK$137.0m | HK$125.9m | HK$4.1m | HK$5.5m | HK$6.3m | HK$1.6m |
| Shareholders' equity | −HK$182.9m | −HK$167.3m | −HK$156.8m | −HK$128.0m | HK$10.8m | −HK$3.0m | HK$37.6m | HK$47.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -44.4% | -19.6% | 8.6% |
| Operating income | — | -19.3% | -5.4% |
| Net income | 168.3% | 51.0% | 5.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -138.7% | -35.5% | -32.6% | -36.3% |
| Net margin | -310.3% | -70.9% | -56.3% | -53.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -1.2 | -5.5 | -43.9 | -10.4 | -22.4 | -3.0 | -2.8 | -44.7 | -18.5 |
| Price to sales | 1.3 | 5.4 | 2.2 | 0.5 | 5.2 | 1.3 | 0.9 | 1.8 | 3.3 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jan 1995.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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