W 
4.38
-0.90%
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$28.74bn
FY2015FY2024
Net income
HK$3.20bn
FY2015FY2024
Free cash flow
HK$6.39bn
FY2015FY2024
Shareholders' equity
−HK$13.29bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$28.74bn | HK$24.27bn | HK$5.64bn | HK$11.73bn | HK$976.5m | HK$4.63bn | HK$5.07bn | HK$4.36bn | HK$2.83bn | HK$2.46bn |
| Gross profit | HK$15.90bn | HK$13.64bn | HK$3.24bn | HK$6.59bn | HK$503.0m | HK$2.40bn | HK$2.55bn | HK$2.14bn | HK$1.51bn | HK$1.28bn |
| Operating income | HK$5.49bn | HK$3.88bn | −HK$4.62bn | −HK$2.55bn | −HK$668.6m | HK$815.7m | HK$986.6m | HK$688.1m | HK$290.2m | HK$391.1m |
| Net income | HK$3.20bn | HK$1.17bn | −HK$7.34bn | −HK$5.18bn | −HK$925.7m | HK$648.0m | HK$800.4m | HK$474.2m | HK$184.0m | HK$310.9m |
| Diluted earnings per share | 0.57 | 0.19 | -1.41 | -1.00 | -0.18 | 0.13 | 0.15 | 0.09 | 0.04 | 0.06 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$39.23bn | HK$44.83bn | HK$36.08bn | HK$41.90bn | HK$51.66bn | HK$6.44bn | HK$5.91bn | HK$5.51bn | HK$5.50bn | HK$5.45bn |
| Cash and short-term investments | HK$11.33bn | HK$15.75bn | HK$7.42bn | HK$11.66bn | HK$18.83bn | HK$1.81bn | HK$1.22bn | HK$671.5m | HK$333.2m | HK$868.3m |
| Total liabilities | HK$52.52bn | HK$60.64bn | HK$53.23bn | HK$51.92bn | HK$56.71bn | HK$6.19bn | HK$5.71bn | HK$5.13bn | HK$5.19bn | HK$4.93bn |
| Debt | HK$44.98bn | HK$52.83bn | HK$48.40bn | HK$46.75bn | HK$49.47bn | HK$5.02bn | HK$4.24bn | HK$3.60bn | HK$4.12bn | HK$4.04bn |
| Shareholders' equity | −HK$13.29bn | −HK$15.81bn | −HK$17.15bn | −HK$10.02bn | −HK$5.06bn | HK$254.6m | HK$194.6m | HK$384.6m | HK$314.4m | HK$529.2m |
| Shares outstanding | 5,606m | 6,167m | 5,198m | 5,191m | 5,186m | 5,186m | 5,185m | 5,181m | 5,181m | 5,187m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$7.69bn | HK$6.81bn | −HK$2.12bn | −HK$1.21bn | −HK$3.71bn | HK$865.2m | HK$1.25bn | HK$1.62bn | HK$748.8m | HK$2.48bn |
| Capital spending | −HK$1.31bn | −HK$714.3m | −HK$348.7m | −HK$476.0m | −HK$749.1m | −HK$210.2m | −HK$152.4m | −HK$161.6m | −HK$870.1m | −HK$12.71bn |
| Free cash flow | HK$6.39bn | HK$6.10bn | −HK$2.47bn | −HK$1.69bn | −HK$4.46bn | HK$655.0m | HK$1.09bn | HK$1.46bn | −HK$121.3m | −HK$10.23bn |
| Dividends paid | −HK$783.4m | −HK$293,000 | −HK$3.2m | −HK$4.0m | −HK$8.4m | −HK$599.0m | −HK$998.3m | −HK$419.4m | −HK$398.5m | −HK$5.45bn |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$13.63bn | HK$14.01bn | HK$14.73bn | HK$13.53bn | HK$819.8m | HK$10.74bn | HK$600.1m | HK$2.40bn |
| Gross profit | HK$7.34bn | HK$7.70bn | HK$8.20bn | HK$7.55bn | HK$341.8m | HK$6.09bn | HK$229.3m | HK$1.38bn |
| Operating income | HK$2.02bn | HK$2.42bn | HK$2.91bn | HK$2.38bn | HK$17.8m | HK$1.33bn | −HK$50.9m | −HK$2.68bn |
| Net income | HK$230.6m | HK$1.61bn | HK$1.59bn | HK$1.08bn | −HK$6.2m | HK$87.5m | −HK$49.8m | −HK$3.74bn |
| Diluted earnings per share | 0.04 | 0.27 | 0.30 | 0.20 | -0.00 | 0.01 | -0.01 | -0.72 |
| Total assets | HK$39.58bn | HK$39.23bn | HK$43.01bn | HK$44.83bn | — | HK$43.08bn | — | HK$36.08bn |
| Cash and short-term investments | HK$11.58bn | HK$11.33bn | HK$14.70bn | HK$15.75bn | — | HK$13.80bn | — | HK$7.42bn |
| Debt | HK$33.39bn | HK$40.83bn | HK$41.32bn | HK$43.80bn | — | HK$52.83bn | — | HK$48.35bn |
| Shareholders' equity | −HK$13.97bn | −HK$13.29bn | −HK$14.55bn | −HK$15.81bn | — | −HK$16.97bn | — | −HK$17.15bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 39.1% | 41.3% | 39.8% | -12.0% | 20.2% | -5.0% |
| Operating margin | 15.5% | 18.5% | 15.3% | -81.9% | -21.7% | -68.5% |
| Net margin | 5.6% | 11.1% | 4.8% | -130.0% | -44.2% | -94.8% |
| Return on equity | -12.1% | -24.1% | -7.4% | 42.8% | 51.7% | 142.7% |
| Return on assets | 4.0% | 8.2% | 2.6% | -20.3% | -12.4% | -14.0% |
| Free cash flow yield | 34.6% | 28.1% | 27.4% | -6.6% | -2.8% | -11.1% |
| Revenue growth | 0.9% | 18.4% | 330.0% | -51.9% | 54.0% | -78.9% |
| Earnings growth | -49.0% | 173.0% | -116.0% | 41.7% | -28.2% | -242.7% |
| Current ratio | 1.23x | 1.26x | 1.59x | 1.75x | 2.50x | 1.80x |
| Debt to equity | -3.34x | -3.38x | -3.33x | -2.81x | -4.65x | -9.74x |
| Equity ratio | -33.3% | -33.9% | -35.3% | -47.5% | -23.9% | -9.8% |
| Interest coverage | 1.55x | 1.67x | 1.11x | -1.80x | -1.09x | -2.67x |
| Buybacks as a share of market value | 16.0% | -16.3% | -2.9% | -0.5% | -0.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.8% | 44.0% | 22.4% |
| Operating income | — | 46.4% | 19.7% |
| Net income | — | 37.6% | 14.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.7% | 55.9% | 55.6% | 54.6% |
| Operating margin | 17.7% | 3.1% | 3.1% | 5.9% |
| Net margin | 8.2% | -11.6% | -11.1% | -6.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.4 | 33.8 | -6.2 | -6.4 | -72.9 | 153.6 | 110.7 | 270.4 | 347.6 | 151.1 |
| Price to sales | 1.1 | 1.6 | 8.0 | 2.8 | 69.2 | 21.5 | 17.5 | 29.4 | 22.6 | 19.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 1 Jun 2026.
| FY2025 | FY2024 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.37 | 0.15 | 0.90 | 1.07 | 0.63 | 0.60 | 1.05 | 1.68 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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