A 
1.70
+3.66%
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.
Net income
HK$1.71bn
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$5.74bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | — | HK$1 | HK$0 | HK$1 | HK$1 | HK$46 | HK$2 | HK$2 |
| Operating income | HK$1.20bn | −HK$85.5m | −HK$7.5m | −HK$53.8m | HK$313.7m | HK$658.1m | −HK$30.3m | HK$18.5m | HK$876,000 | −HK$28.2m |
| Net income | HK$1.71bn | HK$243.9m | HK$390.0m | −HK$318.5m | −HK$466.0m | HK$1.36bn | −HK$429.4m | HK$608.4m | HK$328.1m | HK$548.6m |
| Diluted earnings per share | 1.48 | 0.16 | 0.29 | -0.24 | -0.36 | 1.11 | -0.35 | 0.50 | 0.41 | 0.60 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$6.59bn | HK$4.57bn | HK$4.22bn | HK$3.90bn | HK$4.47bn | HK$4.94bn | HK$3.53bn | HK$4.03bn | HK$3.11bn | HK$2.92bn |
| Cash and short-term investments | HK$1.35bn | HK$2.62bn | HK$2.37bn | HK$1.17bn | HK$560.5m | HK$438.7m | HK$652.6m | HK$1.21bn | HK$969.5m | HK$1.08bn |
| Total liabilities | HK$849.8m | HK$546.2m | HK$360.6m | HK$316.9m | HK$421.7m | HK$114.2m | HK$90.8m | HK$13.0m | HK$59.2m | HK$28.3m |
| Debt | HK$520.9m | HK$472.4m | HK$281.7m | HK$187.5m | HK$292.8m | HK$3.4m | HK$4.5m | — | HK$43.5m | — |
| Shareholders' equity | HK$5.74bn | HK$4.02bn | HK$3.84bn | HK$3.55bn | HK$4.05bn | HK$4.82bn | HK$3.44bn | HK$4.01bn | HK$3.05bn | HK$2.89bn |
| Shares outstanding | 1,158m | 1,509m | 1,357m | 1,302m | 1,302m | 1,221m | 1,219m | 1,219m | 797m | 916m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −HK$211.3m | −HK$336.1m | −HK$73.5m | −HK$14.1m | HK$67.0m | HK$27.1m | −HK$132.6m | −HK$129.6m | HK$74.7m |
| Capital spending | — | −HK$64,000 | −HK$1.7m | −HK$1.9m | −HK$1.0m | −HK$20,000 | −HK$186,000 | −HK$917,000 | −HK$28,000 | −HK$1.1m |
| Free cash flow | — | −HK$211.4m | −HK$337.9m | −HK$75.4m | −HK$15.2m | HK$66.9m | HK$26.9m | −HK$133.6m | −HK$129.6m | HK$73.7m |
| Dividends paid | — | −HK$134.6m | −HK$79.0m | −HK$126.2m | −HK$260.4m | −HK$121.9m | −HK$121.9m | −HK$27.5m | −HK$13.6m | −HK$13.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$74.5m | −HK$253.1m | −HK$57.6m | −HK$27.9m | HK$151.0m | HK$33.4m | −HK$172.2m | HK$118.4m |
| Net income | −HK$148.9m | HK$1.86bn | HK$553.7m | −HK$309.9m | −HK$203.2m | HK$593.3m | −HK$275.1m | −HK$43.4m |
| Diluted earnings per share | -0.13 | 1.23 | 0.37 | -0.23 | -0.15 | 0.46 | -0.21 | -0.03 |
| Cash from operations | — | HK$228.0m | −HK$168.0m | −HK$182.0m | −HK$129.0m | HK$194.0m | −HK$65.0m | −HK$8.0m |
| Capital spending | — | — | — | — | — | — | −HK$1.0m | — |
| Free cash flow | — | — | — | — | — | — | −HK$66.0m | — |
| Total assets | HK$6.59bn | HK$6.72bn | HK$4.57bn | HK$3.96bn | HK$4.22bn | HK$4.50bn | HK$3.90bn | HK$4.37bn |
| Cash and short-term investments | HK$1.35bn | HK$675.3m | HK$2.62bn | HK$2.28bn | HK$2.37bn | HK$883.9m | HK$1.17bn | HK$480.5m |
| Debt | HK$520.5m | HK$567.9m | HK$472.4m | HK$580.8m | HK$281.7m | HK$91.0m | HK$187.5m | HK$228.7m |
| Shareholders' equity | HK$5.74bn | HK$5.83bn | HK$4.02bn | HK$3.29bn | HK$3.84bn | HK$4.06bn | HK$3.55bn | HK$3.84bn |
Financial ratios
Data as of 20 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 77.8% | -24.2% | 34.1% | -10.0% | -79.6% | 59.5% | — | — | — |
| Net margin | 77.4% | 69.1% | 32.8% | -59.0% | -83.9% | 122.7% | — | — | — |
| Return on equity | 29.8% | 6.1% | 10.2% | -9.0% | -11.5% | 28.1% | — | — | — |
| Return on assets | 26.0% | 5.3% | 9.2% | -8.2% | -10.4% | 27.5% | — | — | — |
| Free cash flow yield | — | -8.0% | -14.1% | -3.2% | -0.6% | 3.1% | 1.3% | — | — |
| Revenue growth | 526.4% | -70.3% | 120.1% | -2.7% | -49.8% | 132.1% | — | — | — |
| Earnings growth | 601.7% | -37.5% | -222.4% | -31.6% | -134.3% | -416.1% | — | — | — |
| Current ratio | 2.74x | 5.60x | 7.75x | 6.11x | 5.22x | 20.73x | — | — | — |
| Debt to equity | 0.09x | 0.12x | 0.07x | 0.05x | 0.07x | 0.00x | — | — | — |
| Equity ratio | 87.1% | 88.0% | 91.0% | 90.9% | 90.6% | 97.7% | — | — | — |
| Interest coverage | 67.65x | -3.39x | 44.58x | -5.05x | -104.10x | 4062.07x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 23.3% | -11.2% | -4.2% | -0.0% | -6.7% | -0.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 60.0% | 14.9% | 33.5% |
| Operating income | — | 12.8% | — |
| Net income | — | 4.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 43.5% | 24.6% | 34.0% | 28.6% |
| Net margin | 76.2% | 47.2% | 49.0% | 57.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 1.2 | 14.2 | 3.3 | -3.9 | -3.2 | 1.0 | -2.4 | 2.1 | 2.8 | 2.0 |
| Price to sales | 0.9 | 9.8 | 1.1 | 2.3 | 2.7 | 1.3 | 2.2 | 11.9 | 5.9 | 11.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 25 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.11 | 0.099 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.058 |
- 10-to-1 reverse split · 2 Jun 2017
- 32-for-31 split · 20 Dec 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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