V 
1.87
+1.08%
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$607.1m
FY2016FY2025
Net income
−HK$92.4m
FY2016FY2025
Free cash flow
HK$312.6m
FY2016FY2025
Shareholders' equity
HK$4.11bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$607.1m | HK$724.1m | HK$364.3m | HK$353.2m | HK$461.2m | HK$474.5m | HK$251.5m | HK$101.8m | HK$96.5m | HK$91.2m |
| Gross profit | HK$149.5m | HK$140.2m | HK$174.4m | HK$164.0m | HK$278.8m | HK$305.3m | HK$172.3m | HK$79.0m | HK$74.9m | HK$70.1m |
| Research and development | — | — | HK$0 | HK$0 | HK$1 | HK$0 | HK$1 | — | — | — |
| Operating income | HK$55.2m | −HK$10.6m | HK$80.8m | HK$135.3m | HK$435.7m | HK$225.5m | HK$138.8m | HK$203.3m | HK$162.2m | HK$140.3m |
| Net income | −HK$92.4m | −HK$50.5m | HK$27.7m | HK$28.2m | HK$424.6m | HK$185.7m | HK$133.4m | HK$676.8m | HK$155.1m | HK$131.3m |
| Diluted earnings per share | -0.24 | -0.13 | 0.07 | 0.07 | 1.09 | 0.48 | 0.34 | 1.74 | 0.40 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$4.31bn | HK$4.47bn | HK$5.11bn | HK$5.36bn | HK$5.95bn | HK$5.50bn | HK$5.32bn | HK$3.75bn | HK$3.08bn | HK$2.92bn |
| Cash and short-term investments | HK$686.4m | HK$457.2m | HK$610.3m | HK$808.3m | HK$1.25bn | HK$610.9m | HK$976.0m | HK$1.43bn | HK$865.9m | HK$703.9m |
| Total liabilities | HK$205.5m | HK$247.0m | HK$815.7m | HK$1.06bn | HK$1.65bn | HK$1.59bn | HK$1.56bn | HK$79.8m | HK$75.8m | HK$64.2m |
| Debt | HK$18.2m | HK$28.6m | HK$385.4m | HK$657.7m | HK$1.27bn | HK$1.30bn | HK$1.26bn | HK$1.3m | — | HK$2.0m |
| Shareholders' equity | HK$4.11bn | HK$4.22bn | HK$4.30bn | HK$4.30bn | HK$4.30bn | HK$3.91bn | HK$3.76bn | HK$3.67bn | HK$3.00bn | HK$2.86bn |
| Shares outstanding | 389m | 390m | 390m | 390m | 390m | 390m | 390m | 390m | 390m | 390m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$312.8m | HK$245.3m | −HK$4.0m | HK$162.2m | HK$93.8m | HK$221.3m | HK$84.8m | HK$66.7m | HK$83.1m | HK$25.5m |
| Capital spending | −HK$186,000 | −HK$914,000 | −HK$69.0m | −HK$150.3m | −HK$47.7m | −HK$19.3m | −HK$423,000 | −HK$19,000 | −HK$26.1m | −HK$2.1m |
| Free cash flow | HK$312.6m | HK$244.4m | −HK$73.0m | HK$12.0m | HK$46.1m | HK$202.0m | HK$84.4m | HK$66.7m | HK$57.0m | HK$23.4m |
| Dividends paid | −HK$23.4m | −HK$23.4m | −HK$35.1m | −HK$35.1m | −HK$35.1m | −HK$35.1m | −HK$35.1m | −HK$11.7m | −HK$11.7m | −HK$11.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$298.5m | HK$232.4m | HK$312.5m | HK$580.3m | HK$143.8m | HK$186.6m | HK$80.7m | HK$182.7m |
| Gross profit | HK$51.1m | HK$53.1m | HK$312.5m | HK$580.3m | −HK$40.0m | HK$81.3m | HK$80.7m | HK$93.2m |
| Operating income | HK$32.7m | HK$34.9m | −HK$38.8m | −HK$3.0m | HK$3.7m | HK$76.2m | HK$27.6m | HK$49.9m |
| Net income | HK$32.6m | HK$8.5m | −HK$100.9m | −HK$21.2m | −HK$29.3m | HK$25.2m | HK$12.6m | HK$2.5m |
| Diluted earnings per share | 0.08 | 0.02 | -0.26 | -0.05 | -0.08 | 0.06 | 0.03 | 0.01 |
| Cash from operations | — | HK$145.0m | HK$167.0m | HK$348.0m | −HK$98.0m | −HK$8.0m | −HK$4.0m | −HK$7.0m |
| Capital spending | — | — | — | — | — | −HK$16.0m | — | −HK$60.0m |
| Free cash flow | — | — | — | — | — | −HK$24.0m | — | −HK$67.0m |
| Total assets | HK$4.31bn | HK$4.31bn | HK$4.34bn | HK$4.47bn | HK$4.90bn | HK$5.11bn | HK$5.11bn | HK$5.34bn |
| Cash and short-term investments | HK$860.1m | HK$686.4m | HK$587.5m | HK$457.2m | HK$479.5m | HK$610.3m | HK$610.3m | HK$756.3m |
| Debt | HK$8.7m | HK$18.2m | HK$23.6m | HK$28.6m | HK$387.2m | HK$385.4m | — | HK$622.3m |
| Shareholders' equity | HK$4.06bn | HK$4.11bn | HK$4.10bn | HK$4.22bn | HK$4.24bn | HK$4.30bn | HK$4.30bn | HK$4.27bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.8% | 5.1% | 21.2% |
| Operating income | -25.8% | -24.5% | -11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.8% | 30.7% | 40.6% | 46.4% |
| Operating margin | 3.4% | 12.7% | 30.9% | 48.4% |
| Net margin | -10.7% | -4.2% | 17.5% | 49.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.6 | -9.7 | 17.7 | 27.9 | 2.1 | 5.1 | 10.9 | 2.5 | 11.9 | 14.8 |
| Price to sales | 1.1 | 0.7 | 1.4 | 2.2 | 2.0 | 2.0 | 5.8 | 16.4 | 19.1 | 21.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 17 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.06 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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