C 
0.40
+1.27%
Close of 2 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$147.9m
FY2017FY2026
Net income
−HK$10.7m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$411.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$147.9m | HK$60.7m | HK$82.8m | HK$84.4m | HK$93.2m | HK$77.9m | HK$75.4m | HK$119.4m | HK$212.3m | HK$14.0m |
| Operating income | −HK$2.7m | −HK$20.6m | −HK$75.9m | −HK$36.0m | −HK$9.6m | −HK$47.6m | −HK$54.6m | −HK$138.4m | −HK$204.5m | −HK$38.3m |
| Net income | −HK$10.7m | −HK$40.3m | −HK$67.7m | −HK$35.1m | −HK$16.7m | −HK$46.1m | −HK$55.6m | −HK$122.3m | −HK$159.8m | −HK$27.7m |
| Diluted earnings per share | -0.02 | -0.08 | -0.14 | -0.09 | -0.04 | -0.11 | -0.03 | -0.30 | -0.39 | -0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$652.4m | HK$607.7m | HK$661.4m | HK$718.7m | HK$780.5m | HK$799.6m | HK$762.4m | HK$785.8m | HK$919.8m | HK$1.03bn |
| Cash and short-term investments | HK$6.4m | HK$2.1m | HK$27.7m | HK$6.3m | HK$7.3m | HK$20.1m | HK$4.6m | HK$10.4m | HK$14.1m | HK$14.3m |
| Total liabilities | HK$228.0m | HK$227.1m | HK$242.4m | HK$242.4m | HK$244.0m | HK$250.6m | HK$184.7m | HK$139.8m | HK$136.9m | HK$201.9m |
| Debt | HK$117.1m | HK$117.6m | HK$135.3m | HK$123.7m | HK$118.6m | HK$98.4m | HK$57.5m | HK$22.0m | — | HK$30.1m |
| Shareholders' equity | HK$411.9m | HK$374.0m | HK$409.9m | HK$463.0m | HK$524.2m | HK$549.1m | HK$565.2m | HK$632.8m | HK$770.5m | HK$819.7m |
| Shares outstanding | 517m | 501m | 489m | 407m | 407m | 407m | 2,037m | 407m | 407m | 339m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −HK$13.5m | −HK$23.0m | −HK$10.8m | −HK$137,000 | HK$1.8m | −HK$717,000 | −HK$42.4m | −HK$74.8m | −HK$37.7m |
| Capital spending | — | −HK$402,999 | −HK$323,000 | −HK$2.2m | −HK$2.3m | −HK$857,000 | −HK$6.8m | −HK$698,000 | −HK$37.4m | −HK$223,000 |
| Free cash flow | — | −HK$13.9m | −HK$23.3m | −HK$12.9m | −HK$2.5m | HK$923,000 | −HK$7.5m | −HK$43.1m | −HK$112.3m | −HK$37.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$120.7m | HK$27.3m | HK$30.9m | HK$29.8m | HK$42.3m | HK$40.6m | HK$20.3m | HK$41.6m |
| Operating income | HK$2.1m | −HK$8.3m | −HK$11.2m | −HK$15.7m | −HK$25.8m | −HK$50.1m | −HK$4.3m | HK$4.5m |
| Net income | −HK$19.7m | HK$8.9m | −HK$25.1m | −HK$15.2m | −HK$21.6m | −HK$46.1m | −HK$23.0m | −HK$32.2m |
| Diluted earnings per share | -0.04 | 0.02 | -0.05 | -0.03 | -0.04 | -0.11 | -0.06 | -0.08 |
| Cash from operations | — | −HK$6.0m | −HK$12.0m | −HK$1.0m | −HK$15.0m | −HK$11.0m | −HK$6.0m | −HK$8.0m |
| Total assets | HK$652.4m | HK$647.3m | HK$607.7m | HK$642.7m | HK$661.4m | HK$679.7m | HK$679.7m | HK$718.7m |
| Cash and short-term investments | HK$6.4m | HK$25.0m | HK$2.1m | HK$21.8m | HK$27.7m | HK$2.9m | HK$2.9m | HK$6.3m |
| Debt | HK$68.5m | HK$108.6m | HK$117.6m | HK$136.6m | HK$135.3m | HK$134.6m | HK$83.7m | HK$123.7m |
| Shareholders' equity | HK$411.9m | HK$420.4m | HK$374.0m | HK$392.3m | HK$409.9m | HK$421.6m | HK$421.6m | HK$463.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.6% | 13.7% | 27.2% |
| Operating income | -58.0% | -43.8% | -31.8% |
| Net income | -32.6% | -25.3% | -20.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.1% | -36.0% | -35.2% | -76.5% |
| Net margin | -24.5% | -40.9% | -39.6% | -70.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.2 | -6.8 | -1.4 | -3.1 | -6.0 | -3.0 | -10.1 | -1.4 | -1.8 | -10.2 |
| Price to sales | 1.4 | 4.5 | 1.2 | 1.3 | 1.1 | 1.8 | 7.4 | 1.4 | 1.3 | 20.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 9 Apr 2024
- 20-to-1 reverse split · 1 Mar 2013
- 5-to-1 reverse split · 17 Jan 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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