U 
0.08
-15.15%
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$289.8m
FY2016FY2025
Net income
−HK$128.4m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
HK$572.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$289.8m | HK$331.0m | HK$319.1m | HK$349.0m | HK$368.5m | HK$344.7m | HK$303.6m | HK$271.9m | HK$248.5m | HK$306.7m |
| Gross profit | −HK$27.2m | HK$27.5m | HK$17.8m | HK$29.4m | HK$48.4m | HK$51.5m | HK$65.9m | HK$84.6m | HK$92.6m | HK$111.9m |
| Operating income | −HK$112.8m | −HK$39.1m | −HK$156.9m | −HK$55.4m | −HK$11.4m | −HK$36.4m | −HK$89.2m | HK$28.8m | HK$67.1m | HK$60.3m |
| Net income | −HK$128.4m | −HK$69.1m | −HK$137.3m | −HK$104.1m | −HK$39.1m | −HK$36.3m | −HK$116.7m | −HK$26.8m | HK$2.7m | −HK$25.2m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.01 | 0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.87bn | HK$1.94bn | HK$2.04bn | HK$2.52bn | HK$2.89bn | HK$2.94bn | HK$2.34bn | HK$1.38bn | HK$1.75bn | HK$1.76bn |
| Cash and short-term investments | HK$270.6m | HK$231.3m | HK$370.7m | HK$564.5m | HK$866.3m | HK$1.14bn | HK$733.5m | HK$288.7m | HK$311.1m | HK$700.5m |
| Total liabilities | HK$1.63bn | HK$1.44bn | HK$1.43bn | HK$1.44bn | HK$1.57bn | HK$1.58bn | HK$1.01bn | HK$685.3m | HK$1.03bn | HK$1.07bn |
| Debt | HK$700.0m | HK$784.7m | HK$873.2m | HK$950.3m | HK$1.10bn | HK$1.25bn | HK$681.7m | HK$452.2m | HK$709.9m | HK$710.4m |
| Shareholders' equity | HK$572.6m | HK$707.8m | HK$799.2m | HK$958.1m | HK$1.12bn | HK$1.15bn | HK$1.13bn | HK$480.6m | HK$506.2m | HK$508.4m |
| Shares outstanding | 5,513m | 5,513m | 5,509m | 5,512m | 5,495m | 5,513m | 5,513m | 2,120m | 2,120m | 2,120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | HK$118.0m | HK$136.9m | HK$148.0m | HK$128.6m | HK$126.3m | HK$141.7m | −HK$7.4m | HK$77.4m | HK$109.9m |
| Capital spending | — | −HK$41.6m | −HK$22.6m | −HK$37.7m | −HK$33.5m | −HK$24.9m | −HK$76.5m | −HK$45.5m | −HK$88.0m | −HK$151.6m |
| Free cash flow | — | HK$76.5m | HK$114.3m | HK$110.3m | HK$95.2m | HK$101.4m | HK$65.1m | −HK$52.9m | −HK$10.6m | −HK$41.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$142.9m | HK$172.9m | HK$116.9m | HK$184.0m | HK$147.0m | HK$166.1m | HK$83.0m | HK$153.1m |
| Gross profit | −HK$13.0m | HK$5.9m | −HK$33.0m | HK$15.2m | HK$12.3m | HK$7.1m | HK$3.6m | HK$10.7m |
| Operating income | −HK$94.8m | −HK$28.3m | −HK$84.5m | −HK$17.6m | −HK$21.5m | −HK$132.8m | −HK$9.7m | −HK$24.0m |
| Net income | −HK$109.8m | −HK$49.3m | −HK$79.0m | −HK$28.5m | −HK$40.6m | −HK$95.7m | −HK$47.9m | −HK$41.6m |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 |
| Cash from operations | — | HK$2.0m | HK$181.0m | HK$33.0m | HK$25.0m | HK$37.0m | HK$37.0m | HK$62.0m |
| Capital spending | — | — | — | — | — | −HK$22.0m | −HK$6.0m | — |
| Free cash flow | — | — | — | — | — | HK$15.0m | HK$31.0m | — |
| Total assets | HK$1.73bn | HK$1.87bn | HK$1.90bn | HK$1.94bn | HK$1.96bn | HK$2.04bn | HK$2.04bn | HK$2.39bn |
| Cash and short-term investments | HK$227.2m | HK$270.6m | HK$313.8m | HK$231.3m | HK$217.5m | HK$229.7m | HK$229.7m | HK$513.1m |
| Debt | HK$61.4m | HK$700.0m | HK$781.6m | HK$784.7m | HK$825.3m | HK$873.2m | HK$256.0m | HK$882.1m |
| Shareholders' equity | HK$474.6m | HK$572.6m | HK$615.5m | HK$707.8m | HK$744.3m | HK$799.2m | HK$799.2m | HK$885.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.0% | -3.4% | 49.0% |
| Operating income | 26.7% | 25.4% | 13.1% |
| Net income | 7.2% | 28.7% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.1% | 3.7% | 7.4% | 16.1% |
| Operating margin | -24.5% | -28.2% | -20.6% | -12.0% |
| Net margin | -31.8% | -34.0% | -25.7% | -23.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -11.0 | -6.4 | -9.0 | -28.1 | -37.9 | -9.4 | -21.6 | 336.9 | -28.1 |
| Price to sales | 2.0 | 2.3 | 2.8 | 2.7 | 3.0 | 4.0 | 3.6 | 2.1 | 3.6 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 May 2012.
| FY2012 | FY2011 | FY2010 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.018 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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