A 
1.85
+1.65%
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$739.1m
FY2016FY2025
Net income
HK$141.8m
FY2016FY2025
Free cash flow
HK$392.3m
FY2016FY2025
Shareholders' equity
HK$6.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$739.1m | HK$784.6m | HK$834.0m | HK$944.3m | HK$927.8m | HK$889.2m | HK$1.06bn | HK$1.24bn | HK$1.21bn | HK$1.23bn |
| Gross profit | HK$201.9m | HK$284.1m | HK$355.6m | HK$455.1m | HK$446.4m | HK$393.8m | HK$536.1m | HK$736.1m | HK$740.4m | HK$737.3m |
| Operating income | HK$87.0m | HK$294.9m | HK$343.8m | HK$354.2m | HK$369.3m | HK$303.2m | HK$462.3m | HK$628.3m | HK$638.3m | HK$632.3m |
| Net income | HK$141.8m | HK$205.2m | HK$237.7m | HK$231.6m | HK$263.4m | HK$231.5m | HK$362.3m | HK$507.0m | HK$504.6m | HK$493.6m |
| Diluted earnings per share | 0.15 | 0.22 | 0.26 | 0.25 | 0.28 | 0.25 | 0.39 | 0.54 | 0.54 | 0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$6.94bn | HK$6.97bn | HK$7.09bn | HK$7.13bn | HK$7.30bn | HK$7.20bn | HK$7.08bn | HK$7.15bn | HK$7.33bn | HK$6.46bn |
| Cash and short-term investments | HK$2.73bn | HK$2.45bn | HK$2.15bn | HK$1.75bn | HK$1.37bn | HK$1.29bn | HK$902.6m | HK$683.8m | HK$974.5m | HK$826.9m |
| Total liabilities | HK$779.3m | HK$877.4m | HK$1.00bn | HK$1.06bn | HK$1.16bn | HK$1.26bn | HK$1.23bn | HK$1.51bn | HK$2.03bn | HK$1.61bn |
| Debt | HK$23.9m | HK$111.3m | HK$146.9m | HK$166.8m | HK$182.9m | HK$194.5m | HK$183.7m | HK$425.4m | HK$913.5m | HK$582.2m |
| Shareholders' equity | HK$6.16bn | HK$6.09bn | HK$6.08bn | HK$6.07bn | HK$6.13bn | HK$5.94bn | HK$5.85bn | HK$5.65bn | HK$5.30bn | HK$4.85bn |
| Shares outstanding | 935m | 929m | 929m | 929m | 929m | 930m | 931m | 931m | 931m | 933m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$439.3m | HK$455.9m | HK$566.9m | HK$661.6m | HK$626.9m | HK$698.0m | HK$864.4m | HK$872.6m | HK$659.6m | HK$430.9m |
| Capital spending | −HK$47.0m | −HK$39.6m | −HK$17.2m | −HK$2.9m | −HK$28.1m | −HK$16.8m | −HK$61.2m | −HK$533.7m | −HK$455.7m | −HK$500.1m |
| Free cash flow | HK$392.3m | HK$416.4m | HK$549.7m | HK$658.6m | HK$598.8m | HK$681.2m | HK$803.2m | HK$338.9m | HK$203.9m | −HK$69.1m |
| Dividends paid | −HK$82.1m | −HK$173.9m | −HK$201.3m | −HK$233.3m | −HK$210.5m | −HK$169.7m | −HK$149.5m | −HK$134.4m | −HK$79.1m | −HK$79.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$357.1m | HK$359.4m | HK$379.7m | HK$392.8m | HK$391.8m | HK$414.2m | HK$207.1m | HK$419.7m |
| Gross profit | HK$95.8m | HK$98.6m | HK$103.3m | HK$137.4m | HK$146.7m | HK$167.8m | HK$83.9m | HK$187.8m |
| Operating income | HK$31.9m | HK$34.8m | HK$103.4m | HK$150.4m | HK$144.5m | HK$116.2m | HK$58.5m | HK$139.5m |
| Net income | HK$69.6m | HK$64.0m | HK$77.4m | HK$103.6m | HK$101.7m | HK$119.8m | HK$59.9m | HK$117.8m |
| Diluted earnings per share | 0.08 | 0.07 | 0.08 | 0.11 | 0.11 | 0.13 | 0.06 | 0.13 |
| Cash from operations | HK$85.0m | HK$326.0m | HK$113.0m | HK$430.0m | HK$117.0m | HK$446.0m | HK$180.0m | HK$205.0m |
| Capital spending | −HK$11.0m | −HK$31.0m | −HK$15.0m | −HK$19.0m | −HK$20.0m | −HK$3.0m | −HK$1.0m | −HK$13.0m |
| Free cash flow | HK$74.0m | HK$295.0m | HK$98.0m | HK$411.0m | HK$97.0m | HK$443.0m | HK$179.0m | HK$192.0m |
| Total assets | HK$7.02bn | HK$6.94bn | HK$6.96bn | HK$6.97bn | HK$7.00bn | HK$7.09bn | HK$7.09bn | HK$7.02bn |
| Cash and short-term investments | HK$2.79bn | HK$2.73bn | HK$2.51bn | HK$2.45bn | HK$2.14bn | HK$2.15bn | HK$2.15bn | HK$1.81bn |
| Debt | HK$53.4m | HK$23.9m | HK$94.0m | HK$111.3m | HK$166.8m | HK$180.4m | — | HK$153.8m |
| Shareholders' equity | HK$6.20bn | HK$6.16bn | HK$6.12bn | HK$6.09bn | HK$6.03bn | HK$6.08bn | HK$6.08bn | HK$5.99bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 27.3% | 36.2% | 42.6% | 48.2% | 48.1% | 44.3% |
| Operating margin | 11.8% | 23.6% | 34.1% | 37.3% | 35.5% | 33.9% |
| Net margin | 19.2% | 26.2% | 28.5% | 24.5% | 28.4% | 26.0% |
| Return on equity | 2.3% | 3.4% | 3.9% | 3.8% | 4.3% | 3.9% |
| Return on assets | 2.0% | 2.9% | 3.4% | 3.2% | 3.6% | 3.2% |
| Free cash flow yield | 28.4% | 29.1% | 34.3% | 39.0% | 38.4% | 41.9% |
| Revenue growth | -5.8% | -5.9% | -11.7% | 1.8% | 4.3% | -16.3% |
| Earnings growth | -30.9% | -13.6% | 2.6% | -12.1% | 13.8% | -36.1% |
| Current ratio | 13.82x | 12.27x | 9.80x | 9.72x | 6.65x | 5.16x |
| Debt to equity | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x |
| Equity ratio | 88.8% | 87.4% | 85.8% | 85.1% | 84.1% | 82.6% |
| Interest coverage | 21.20x | 36.68x | 49.40x | 50.22x | 53.22x | 44.34x |
| Buybacks as a share of market value | -0.7% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.8% | -3.6% | -4.7% |
| Operating income | -37.4% | -22.1% | -18.2% |
| Net income | -15.1% | -9.3% | -12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.9% | 39.3% | 41.7% | 50.8% |
| Operating margin | 25.1% | 32.7% | 34.2% | 43.1% |
| Net margin | 22.8% | 24.7% | 25.6% | 33.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.3 | 10.1 | 8.5 | 8.5 | 8.0 | 7.0 | 7.5 | 5.7 | 6.3 | 7.0 |
| Price to sales | 3.5 | 2.6 | 2.4 | 2.1 | 2.3 | 1.8 | 2.6 | 2.3 | 2.6 | 2.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 2 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.09 | 0.22 | 0.22 | 0.255 | 0.23 | 0.185 | 0.16 |
- 3-for-2 split · 28 May 2015
- 3-for-2 split · 17 May 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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