H 
0.92
0.00%
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$3.86bn
FY2016FY2025
Net income
−HK$149.6m
FY2016FY2025
Free cash flow
HK$182.1m
FY2016FY2025
Shareholders' equity
HK$1.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$3.86bn | HK$3.84bn | HK$3.81bn | HK$3.83bn | HK$3.13bn | HK$2.88bn | HK$1.41bn | HK$896.4m | HK$487.3m | HK$187.1m |
| Gross profit | HK$2.08bn | HK$2.04bn | HK$1.65bn | HK$1.96bn | HK$1.51bn | HK$1.21bn | HK$554.5m | HK$355.0m | HK$190.5m | HK$46.2m |
| Research and development | HK$28.1m | HK$23.3m | HK$11.0m | HK$4.2m | — | — | — | — | — | — |
| Operating income | HK$282.9m | −HK$46.8m | −HK$32.6m | HK$139.0m | −HK$46.8m | HK$83.5m | −HK$332.6m | −HK$380.9m | −HK$372.0m | −HK$333.6m |
| Net income | −HK$149.6m | −HK$66.7m | HK$45.3m | HK$212.2m | HK$14.8m | HK$183.6m | −HK$289.9m | −HK$133.1m | −HK$204.9m | −HK$257.1m |
| Diluted earnings per share | -0.19 | -0.08 | 0.05 | 0.22 | 0.02 | 0.19 | -0.35 | -0.16 | -0.25 | -0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.69bn | HK$3.10bn | HK$3.46bn | HK$3.62bn | HK$3.26bn | HK$3.01bn | HK$2.40bn | HK$2.13bn | HK$2.34bn | HK$2.32bn |
| Cash and short-term investments | HK$376.8m | HK$583.0m | HK$734.3m | HK$757.5m | HK$799.6m | HK$960.7m | HK$233.0m | HK$131.2m | HK$301.2m | HK$399.8m |
| Total liabilities | HK$1.25bn | HK$1.23bn | HK$1.32bn | HK$1.41bn | HK$1.20bn | HK$910.7m | HK$951.6m | HK$418.5m | HK$473.9m | HK$325.7m |
| Debt | HK$133.4m | HK$139.8m | HK$151.4m | HK$604.5m | HK$522.0m | HK$298.2m | HK$597.9m | HK$79.4m | HK$219.6m | HK$184.1m |
| Shareholders' equity | HK$1.44bn | HK$1.87bn | HK$2.15bn | HK$2.21bn | HK$2.06bn | HK$2.10bn | HK$1.45bn | HK$1.71bn | HK$1.86bn | HK$2.00bn |
| Shares outstanding | 791m | 811m | 889m | 945m | 917m | 981m | 821m | 813m | 809m | 809m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$297.9m | HK$260.1m | HK$366.7m | HK$554.0m | HK$247.0m | HK$608.0m | −HK$172.4m | −HK$234.8m | −HK$198.0m | −HK$207.7m |
| Capital spending | −HK$115.8m | −HK$136.2m | −HK$243.9m | −HK$276.2m | −HK$150.9m | −HK$88.4m | −HK$139.9m | −HK$140.1m | −HK$189.5m | −HK$372.5m |
| Free cash flow | HK$182.1m | HK$123.9m | HK$122.8m | HK$277.8m | HK$96.1m | HK$519.6m | −HK$312.3m | −HK$374.9m | −HK$387.4m | −HK$580.3m |
| Dividends paid | −HK$299.8m | — | — | −HK$73.8m | −HK$73.3m | −HK$73.3m | −HK$73.3m | −HK$73.3m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.05bn | HK$1.97bn | HK$1.89bn | HK$1.94bn | HK$1.90bn | HK$1.98bn | HK$1.83bn | HK$1.91bn |
| Gross profit | HK$958.8m | HK$1.05bn | HK$1.03bn | HK$1.06bn | HK$849.9m | HK$870.7m | HK$775.7m | HK$845.2m |
| Operating income | −HK$83.6m | −HK$690.0m | HK$972.9m | HK$972.4m | −HK$44.3m | −HK$42.5m | HK$9.9m | HK$36.3m |
| Net income | −HK$78.1m | −HK$126.3m | −HK$23.2m | −HK$39.2m | −HK$27.5m | −HK$3.4m | HK$48.7m | HK$84.4m |
| Diluted earnings per share | -0.10 | -0.16 | -0.03 | -0.05 | -0.03 | -0.00 | 0.05 | 0.09 |
| Cash from operations | — | HK$61.0m | HK$236.0m | HK$116.0m | HK$176.0m | HK$236.0m | HK$130.0m | HK$361.0m |
| Capital spending | — | −HK$91.0m | −HK$24.0m | −HK$40.0m | −HK$37.0m | −HK$140.0m | −HK$80.0m | −HK$103.0m |
| Free cash flow | — | −HK$30.0m | HK$212.0m | HK$76.0m | HK$139.0m | HK$96.0m | HK$50.0m | HK$258.0m |
| Total assets | HK$2.67bn | HK$2.69bn | HK$2.84bn | HK$3.10bn | HK$3.47bn | HK$3.46bn | HK$3.63bn | HK$1.29bn |
| Cash and short-term investments | HK$359.6m | HK$376.8m | HK$442.3m | HK$583.0m | HK$847.2m | HK$734.3m | HK$773.7m | HK$757.5m |
| Debt | HK$134.2m | HK$372.0m | HK$412.1m | HK$416.0m | HK$436.3m | HK$472.8m | HK$542.2m | HK$604.5m |
| Shareholders' equity | HK$1.36bn | HK$1.44bn | HK$1.55bn | HK$1.87bn | HK$2.13bn | HK$2.15bn | HK$2.26bn | HK$2.21bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 6.0% | 42.4% |
| Operating income | 26.7% | 27.6% | — |
| Net income | — | — | -15.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.5% | 50.4% | 48.9% | 46.5% |
| Operating margin | 3.1% | 2.2% | 1.8% | -6.5% |
| Net margin | -2.8% | 0.3% | 1.1% | -6.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.4 | -17.4 | 52.0 | 23.9 | — | 61.0 | -9.7 | -17.1 | -13.2 | -4.2 |
| Price to sales | 0.3 | 0.3 | 0.6 | 1.3 | 2.5 | 3.9 | 2.0 | 2.5 | 5.5 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 22 May 2025.
| FY2025 | FY2022 | FY2021 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.38 | 0.08 | 0.08 | 0.325 | 0.30 | 0.20 | 0.19 | 0.06 |
- 1-to-1 reverse split · 2 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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