R 
0.46
+1.11%
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$5.32bn
FY2016FY2025
Net income
−HK$5.44bn
FY2016FY2025
Free cash flow
−HK$497.5m
FY2016FY2025
Shareholders' equity
HK$5.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.32bn | HK$5.54bn | HK$13.08bn | HK$17.16bn | HK$24.68bn | HK$24.20bn | HK$21.49bn | HK$22.37bn | HK$14.76bn | HK$16.84bn |
| Gross profit | −HK$2.35bn | −HK$1.73bn | −HK$648.0m | HK$2.94bn | HK$5.40bn | HK$6.51bn | HK$7.51bn | HK$10.06bn | HK$5.92bn | HK$4.22bn |
| Operating income | −HK$4.71bn | −HK$2.68bn | −HK$2.54bn | HK$1.14bn | HK$4.12bn | HK$4.78bn | HK$5.85bn | HK$8.49bn | HK$4.64bn | HK$3.09bn |
| Net income | −HK$5.44bn | −HK$3.58bn | −HK$3.43bn | HK$41.5m | HK$1.56bn | HK$2.25bn | HK$3.40bn | HK$3.34bn | HK$2.19bn | HK$1.25bn |
| Diluted earnings per share | -7.25 | -4.78 | -4.58 | 0.06 | 2.08 | 3.00 | 4.54 | 4.45 | 2.93 | 1.69 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$45.15bn | HK$57.51bn | HK$73.15bn | HK$90.00bn | HK$108.24bn | HK$103.28bn | HK$90.68bn | HK$78.95bn | HK$69.74bn | HK$50.40bn |
| Cash and short-term investments | HK$2.60bn | HK$4.27bn | HK$5.48bn | HK$8.26bn | HK$12.60bn | HK$14.06bn | HK$14.59bn | HK$11.79bn | HK$8.55bn | HK$8.05bn |
| Total liabilities | HK$37.79bn | HK$36.61bn | HK$45.95bn | HK$64.20bn | HK$79.39bn | HK$70.24bn | HK$62.12bn | HK$54.18bn | HK$48.12bn | HK$36.17bn |
| Debt | HK$22.80bn | HK$16.24bn | HK$23.65bn | HK$40.06bn | HK$46.89bn | HK$38.15bn | HK$30.28bn | HK$25.28bn | HK$25.03bn | HK$17.86bn |
| Shareholders' equity | HK$5.32bn | HK$17.94bn | HK$22.66bn | HK$27.21bn | HK$22.34bn | HK$27.88bn | HK$25.83bn | HK$22.03bn | HK$20.27bn | HK$13.29bn |
| Shares outstanding | 749m | 749m | 749m | 749m | 749m | 749m | 749m | 749m | 748m | 740m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$492.6m | HK$2.05bn | HK$2.56bn | HK$2.11bn | HK$4.88bn | −HK$3.10bn | −HK$12.48bn | HK$6.86bn | HK$8.44bn | HK$6.37bn |
| Capital spending | −HK$4.9m | −HK$14.4m | −HK$14.0m | −HK$13.3m | −HK$32.3m | −HK$14.3m | −HK$45.2m | −HK$95.4m | −HK$29.4m | −HK$14.7m |
| Free cash flow | −HK$497.5m | HK$2.03bn | HK$2.54bn | HK$2.09bn | HK$4.84bn | −HK$3.12bn | −HK$12.53bn | HK$6.77bn | HK$8.41bn | HK$6.36bn |
| Dividends paid | — | — | — | −HK$149.9m | −HK$524.5m | −HK$809.3m | −HK$884.2m | −HK$809.3m | −HK$521.9m | −HK$355.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$4.47bn | HK$3.54bn | HK$1.78bn | HK$2.07bn | HK$3.47bn | HK$6.80bn | HK$6.28bn | HK$12.18bn |
| Gross profit | −HK$595.5m | −HK$1.65bn | −HK$696.2m | −HK$1.36bn | −HK$369.3m | −HK$1.34bn | HK$694.1m | HK$1.14bn |
| Operating income | −HK$1.18bn | −HK$2.09bn | −HK$1.15bn | −HK$1.81bn | −HK$854.4m | −HK$2.32bn | −HK$251.8m | −HK$134.3m |
| Net income | −HK$1.45bn | −HK$3.67bn | −HK$1.76bn | −HK$2.82bn | −HK$759.5m | −HK$2.74bn | −HK$1.22bn | −HK$580.8m |
| Diluted earnings per share | -1.94 | -4.90 | -2.35 | -3.77 | -1.01 | -3.66 | -1.63 | -0.78 |
| Cash from operations | −HK$192.0m | HK$317.0m | −HK$686.0m | HK$1.28bn | −HK$540.0m | HK$13.0m | HK$900.0m | HK$3.02bn |
| Capital spending | −HK$192.0m | −HK$4.0m | — | −HK$14.0m | — | −HK$14.0m | — | −HK$13.0m |
| Free cash flow | −HK$384.0m | HK$313.0m | — | HK$1.26bn | — | −HK$1.0m | — | HK$3.01bn |
| Total assets | HK$39.08bn | HK$45.15bn | HK$53.33bn | HK$57.51bn | HK$64.81bn | HK$73.15bn | HK$82.09bn | HK$90.00bn |
| Cash and short-term investments | HK$2.78bn | HK$2.60bn | HK$3.08bn | HK$4.27bn | HK$6.78bn | HK$5.48bn | HK$7.22bn | HK$8.38bn |
| Debt | HK$13.44bn | HK$15.14bn | HK$15.22bn | HK$16.24bn | HK$20.03bn | HK$23.65bn | HK$26.00bn | HK$33.10bn |
| Shareholders' equity | HK$3.52bn | HK$5.32bn | HK$16.58bn | HK$17.94bn | HK$21.19bn | HK$22.66bn | HK$18.86bn | HK$20.25bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -32.3% | -26.1% | -8.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -37.5% | -4.3% | 11.3% | 22.9% |
| Operating margin | -68.1% | -21.4% | 0.1% | 13.6% |
| Net margin | -83.0% | -30.2% | -9.6% | 1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.3 | 71.8 | 3.4 | 3.3 | 3.3 | 3.1 | 4.6 | 3.8 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.7 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.156 | 0.209 | 0.012 | 0.011 | 0.156 | 0.134 | 0.135 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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