W 
0.38
+4.11%
Close of 4 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$264.2m
FY2017FY2026
Net income
−HK$42.5m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
−HK$245.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$264.2m | HK$266.3m | HK$273.9m | HK$176.8m | HK$233.9m | HK$159.8m | HK$134.8m | HK$204.9m | HK$106.2m | HK$117.2m |
| Gross profit | HK$1.1m | HK$2.2m | HK$1.6m | HK$567,000 | HK$1.1m | HK$3.3m | HK$5.7m | HK$7.4m | HK$5.9m | HK$13.0m |
| Operating income | −HK$14.9m | −HK$7.0m | −HK$12.1m | −HK$25.6m | −HK$30.4m | HK$24.4m | −HK$17.4m | −HK$25.0m | −HK$34.4m | −HK$51.2m |
| Net income | −HK$42.5m | −HK$10.3m | −HK$36.5m | −HK$50.7m | −HK$127.1m | −HK$17.9m | −HK$28.1m | −HK$28.8m | −HK$33.5m | −HK$48.9m |
| Diluted earnings per share | -0.16 | -0.04 | -0.14 | -0.19 | -0.48 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$83.0m | HK$54.9m | HK$32.1m | HK$81.3m | HK$138.5m | HK$156.9m | HK$88.4m | HK$110.9m | HK$132.7m | HK$172.7m |
| Cash and short-term investments | HK$2.6m | HK$11.0m | HK$127,000 | HK$9.2m | HK$14.2m | HK$19.7m | HK$12.9m | HK$33.0m | HK$37.6m | HK$28.9m |
| Total liabilities | HK$314.2m | HK$258.5m | HK$272.4m | HK$312.1m | HK$322.6m | HK$263.8m | HK$281.1m | HK$281.0m | HK$275.6m | HK$270.9m |
| Debt | HK$214.1m | HK$189.1m | HK$222.4m | HK$229.1m | HK$196.6m | HK$112.7m | HK$136.5m | HK$144.7m | HK$147.7m | HK$103.8m |
| Shareholders' equity | −HK$245.0m | −HK$219.9m | −HK$256.4m | −HK$246.7m | −HK$201.0m | −HK$107.0m | −HK$190.5m | −HK$163.9m | −HK$137.6m | −HK$98.2m |
| Shares outstanding | 267m | 267m | 267m | 267m | 267m | 2,139m | 2,175m | 2,139m | 2,139m | 2,139m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −HK$11.0m | −HK$8.5m | −HK$8.8m | HK$3.8m | −HK$9.4m | −HK$1.7m | −HK$2.3m | −HK$20.1m | −HK$56.0m |
| Capital spending | — | — | — | — | −HK$8,000 | −HK$37,000 | −HK$810,000 | −HK$10,000 | −HK$3.4m | −HK$11,000 |
| Free cash flow | — | −HK$11.0m | −HK$8.5m | −HK$8.8m | HK$3.8m | −HK$9.5m | −HK$2.5m | −HK$2.3m | −HK$23.5m | −HK$56.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$182.2m | HK$82.0m | HK$223.2m | HK$43.1m | HK$121.5m | HK$60.8m | HK$152.4m | HK$76.2m |
| Gross profit | HK$450,999 | HK$627,000 | HK$1.4m | HK$765,000 | HK$495,000 | HK$247,500 | HK$1.1m | HK$529,000 |
| Operating income | −HK$12.0m | −HK$2.9m | −HK$2.6m | −HK$3.0m | −HK$8.2m | −HK$4.1m | −HK$6.0m | −HK$3.0m |
| Net income | −HK$26.8m | −HK$15.7m | HK$6.5m | −HK$16.8m | −HK$17.6m | −HK$8.8m | −HK$19.0m | −HK$9.5m |
| Diluted earnings per share | -0.10 | -0.06 | 0.02 | -0.06 | -0.07 | -0.03 | -0.07 | -0.04 |
| Cash from operations | — | −HK$19.0m | HK$93.0m | −HK$104.0m | — | — | −HK$8.0m | −HK$4.0m |
| Total assets | HK$83.0m | HK$58.5m | HK$54.9m | HK$33.3m | HK$32.1m | HK$32.1m | HK$120.8m | HK$120.8m |
| Cash and short-term investments | HK$2.6m | HK$275,000 | HK$11.0m | HK$144,000 | HK$127,000 | HK$688,000 | HK$32.5m | HK$32.5m |
| Debt | HK$17.0m | HK$191.6m | HK$189.1m | HK$233.1m | HK$223.2m | HK$39.7m | HK$259.3m | HK$206.5m |
| Shareholders' equity | −HK$245.0m | −HK$221.0m | −HK$219.9m | −HK$273.7m | −HK$256.4m | −HK$256.4m | −HK$274.2m | −HK$274.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.3% | 10.6% | 4.0% |
| Operating income | -16.5% | — | -12.4% |
| Net income | -5.7% | 18.8% | -2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.6% | 0.5% | 0.7% | 3.5% |
| Operating margin | -4.1% | -6.1% | -4.8% | -11.8% |
| Net margin | -10.0% | -14.3% | -20.7% | -22.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.4 | -3.1 | -0.5 | -0.4 | -0.3 | -25.6 | -32.2 | -135.1 | -62.1 | -68.2 |
| Price to sales | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 2.9 | 6.7 | 19.0 | 19.6 | 28.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Sept 1998.
- 8-to-1 reverse split · 15 Nov 2023
- 10-to-1 reverse split · 27 Nov 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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