E 
0.01
+8.33%
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$699.7m
FY2017FY2026
Net income
−HK$16.6m
FY2017FY2026
Free cash flow
−HK$13.2m
FY2017FY2026
Shareholders' equity
HK$1.21bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$699.7m | HK$489.4m | HK$664.7m | HK$1.15bn | HK$1.17bn | HK$1.24bn | HK$1.19bn | HK$648.0m | HK$3.0m | HK$1.7m |
| Operating income | −HK$8.8m | −HK$10.9m | −HK$11.1m | HK$539.0m | −HK$340.5m | HK$539.0m | −HK$1.49bn | −HK$46.8m | −HK$118.7m | −HK$41.3m |
| Net income | −HK$16.6m | −HK$329.0m | HK$106.9m | HK$550.2m | −HK$343.5m | HK$524.6m | −HK$1.48bn | −HK$61.7m | −HK$509.5m | HK$1.98bn |
| Diluted earnings per share | -0.00 | -0.09 | 0.74 | 3.79 | -2.37 | 3.62 | -10.17 | -0.46 | -4.22 | 16.37 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.49bn | HK$1.48bn | HK$2.16bn | HK$2.05bn | HK$1.47bn | HK$1.84bn | HK$1.29bn | HK$2.80bn | HK$2.88bn | HK$2.95bn |
| Cash and short-term investments | HK$5.2m | HK$2.4m | HK$228,000 | HK$5.3m | HK$3.1m | HK$2.1m | HK$6.4m | HK$1.7m | HK$9.6m | HK$10.8m |
| Total liabilities | HK$321.4m | HK$3.45bn | HK$3.91bn | HK$3.90bn | HK$3.85bn | HK$3.84bn | HK$3.82bn | HK$3.84bn | HK$3.79bn | HK$3.34bn |
| Debt | HK$93.4m | HK$3.24bn | HK$3.86bn | HK$3.67bn | HK$3.78bn | HK$3.78bn | HK$3.77bn | HK$3.81bn | HK$3.76bn | HK$3.31bn |
| Shareholders' equity | HK$1.21bn | −HK$1.94bn | −HK$1.71bn | −HK$1.82bn | −HK$2.37bn | −HK$1.99bn | −HK$2.52bn | −HK$1.06bn | −HK$935.0m | −HK$421.6m |
| Shares outstanding | 8,140m | 3,738m | 145m | 145m | 145m | 145m | 145m | 134m | 121m | 121m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.0m | −HK$4.3m | HK$190,000 | HK$11.1m | −HK$6.1m | −HK$11.8m | −HK$14.8m | −HK$47.6m | −HK$28.9m | −HK$68.2m |
| Capital spending | −HK$3.2m | −HK$2.6m | −HK$7.5m | −HK$2.3m | −HK$4.6m | −HK$1.2m | −HK$2.0m | −HK$5.6m | −HK$9.6m | −HK$5.6m |
| Free cash flow | −HK$13.2m | −HK$6.9m | −HK$7.3m | HK$8.8m | −HK$10.6m | −HK$12.9m | −HK$16.8m | −HK$53.2m | −HK$38.5m | −HK$73.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$479.0m | HK$220.7m | HK$248.6m | HK$240.8m | HK$311.0m | HK$155.5m | HK$353.7m | HK$176.9m |
| Operating income | −HK$2.7m | −HK$6.0m | −HK$8.0m | −HK$2.8m | −HK$1.3m | HK$42.6m | −HK$8.5m | HK$23.3m |
| Net income | HK$1.39bn | −HK$1.41bn | −HK$235.2m | −HK$93.9m | HK$65.8m | HK$32.9m | HK$41.1m | HK$20.6m |
| Diluted earnings per share | 0.17 | -0.38 | -0.06 | -0.65 | 0.45 | 0.23 | 0.28 | 0.14 |
| Cash from operations | −HK$2.0m | −HK$7.0m | −HK$8.0m | HK$4.0m | −HK$2.0m | — | HK$1.0m | — |
| Capital spending | −HK$1.0m | −HK$2.0m | −HK$2.0m | — | — | — | −HK$7.0m | −HK$3.0m |
| Free cash flow | −HK$3.0m | −HK$9.0m | −HK$10.0m | — | — | — | −HK$6.0m | — |
| Total assets | HK$1.49bn | HK$68.9m | HK$1.48bn | HK$2.01bn | HK$2.16bn | HK$2.16bn | HK$2.09bn | HK$2.09bn |
| Cash and short-term investments | HK$5.2m | HK$3.0m | HK$2.4m | HK$5.8m | HK$228,000 | HK$228,000 | HK$2.3m | HK$2.3m |
| Debt | HK$90.3m | HK$261.6m | HK$3.40bn | HK$3.82bn | HK$3.86bn | HK$3.67bn | HK$3.71bn | HK$3.69bn |
| Shareholders' equity | HK$1.21bn | −HK$202.1m | −HK$1.94bn | −HK$1.84bn | −HK$1.71bn | −HK$1.71bn | −HK$1.79bn | −HK$1.79bn |
Financial ratios
Data as of 2 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | -1.3% | -63.3% | 17.9% | 46.9% | -28.7% | 43.8% |
| Net margin | -2.4% | -67.2% | 16.1% | 47.9% | -29.4% | 42.2% |
| Return on equity | -1.4% | 17.0% | -6.2% | -30.3% | 14.5% | -26.4% |
| Return on assets | -1.1% | -22.3% | 4.9% | 26.9% | -23.4% | 28.4% |
| Free cash flow yield | -7.0% | -3.8% | 439.4% | 767.1% | -85.4% | -607.9% |
| Revenue growth | 42.9% | -26.4% | -42.2% | -1.6% | -6.0% | 4.1% |
| Earnings growth | -95.0% | -407.8% | -80.6% | -260.2% | -165.5% | -135.6% |
| Current ratio | 1.01x | 0.12x | 0.00x | 0.01x | 0.01x | 0.01x |
| Debt to equity | 0.07x | -1.75x | -2.16x | -2.12x | -1.57x | -1.83x |
| Equity ratio | 81.5% | -131.5% | -79.3% | -88.9% | -161.2% | -107.8% |
| Interest coverage | -0.09x | -16.25x | 11.74x | 181.24x | -26.67x | 67.22x |
| Buybacks as a share of market value | -117.8% | -2477.6% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.3% | -10.9% | 81.3% |
| Operating income | — | — | -14.9% |
| Net income | — | — | -28.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.7% | 16.9% | 13.0% | -14.3% |
| Net margin | -29.1% | 10.4% | 9.1% | -0.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.9 | -0.9 | 0.1 | 0.0 | -0.0 | 0.0 | -0.2 | -0.0 | 0.0 | -0.0 |
| Price to sales | 0.1 | 0.6 | 0.0 | — | — | 0.0 | 0.0 | 3.6 | 7.5 | 9.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jan 2003.
| FY2003 | |
|---|---|
| Paid in the year | 7.50 |
- 10-to-1 reverse split · 24 Apr 2020
- 20-to-1 reverse split · 3 Oct 2011
- 20-to-1 reverse split · 12 Apr 2010
- 4-for-1 split · 15 Jan 2004
- 2-for-1 split · 11 Sept 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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