M 
0.07
—
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$125.3m
FY2016FY2025
Net income
HK$1.5m
FY2016FY2025
Free cash flow
−HK$1.1m
FY2016FY2025
Shareholders' equity
HK$73.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$125.3m | HK$111.9m | HK$172.5m | HK$233.3m | HK$245.0m | HK$176.0m | HK$231.6m | HK$264.3m | HK$318.6m | HK$318.8m |
| Gross profit | HK$11.9m | HK$8.3m | HK$25.1m | HK$54.8m | HK$70.9m | HK$42.5m | HK$47.8m | HK$51.6m | HK$65.0m | HK$66.6m |
| Operating income | −HK$15.2m | −HK$32.0m | −HK$26.2m | −HK$31.9m | −HK$176,000 | −HK$9.6m | −HK$15.8m | −HK$41.0m | −HK$57.1m | −HK$70.9m |
| Net income | HK$1.5m | −HK$26.4m | −HK$27.9m | −HK$45.9m | HK$20.5m | −HK$3.1m | −HK$23.9m | −HK$40.0m | −HK$81.4m | −HK$72.8m |
| Diluted earnings per share | 0.00 | -0.03 | -0.03 | -0.05 | 0.03 | -0.01 | -0.11 | -0.20 | -0.40 | -0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$112.3m | HK$103.7m | HK$117.8m | HK$140.6m | HK$172.9m | HK$166.0m | HK$102.0m | HK$114.7m | HK$150.2m | HK$291.5m |
| Cash and short-term investments | HK$65.4m | HK$46.3m | HK$33.1m | HK$38.5m | HK$64.7m | HK$79.8m | HK$17.7m | HK$36.5m | HK$46.8m | HK$53.7m |
| Total liabilities | HK$39.1m | HK$31.5m | HK$33.0m | HK$27.9m | HK$38.2m | HK$53.4m | HK$41.2m | HK$34.4m | HK$30.3m | HK$29.0m |
| Debt | HK$29.0m | HK$18.8m | HK$20.5m | HK$15.9m | HK$18.5m | HK$21.4m | HK$17.8m | HK$20.8m | HK$11.3m | HK$8.3m |
| Shareholders' equity | HK$73.2m | HK$72.2m | HK$84.8m | HK$112.7m | HK$133.8m | HK$113.3m | HK$61.4m | HK$80.5m | HK$120.2m | HK$259.7m |
| Shares outstanding | 1,057m | 1,043m | 881m | 881m | 712m | 378m | 222m | 203m | 203m | 183m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$1.8m | −HK$1.9m | −HK$4.0m | −HK$14.8m | −HK$17.1m | HK$25.1m | HK$24.3m | −HK$9.9m | HK$12.8m | −HK$32.4m |
| Capital spending | −HK$2.8m | −HK$244,000 | −HK$1.6m | −HK$629,000 | −HK$8.6m | −HK$2.9m | −HK$2.1m | −HK$6.2m | −HK$3.9m | −HK$3.8m |
| Free cash flow | −HK$1.1m | −HK$2.1m | −HK$5.7m | −HK$15.4m | −HK$25.8m | HK$22.2m | HK$22.1m | −HK$16.1m | HK$8.9m | −HK$36.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$49.1m | HK$75.2m | HK$50.1m | HK$48.7m | HK$63.2m | HK$72.5m | HK$36.3m | HK$100.0m |
| Gross profit | HK$4.0m | HK$6.2m | HK$5.7m | HK$4.3m | HK$4.1m | HK$8.1m | HK$4.0m | HK$17.1m |
| Operating income | −HK$8.3m | HK$13.5m | −HK$10.2m | HK$20.8m | −HK$20.8m | −HK$19.5m | −HK$9.8m | −HK$6.7m |
| Net income | −HK$2.2m | HK$12.5m | −HK$11.0m | −HK$4.8m | −HK$21.5m | −HK$15.8m | −HK$7.9m | −HK$12.0m |
| Diluted earnings per share | -0.00 | 0.01 | -0.01 | -0.00 | -0.02 | -0.02 | -0.01 | -0.01 |
| Cash from operations | HK$6.0m | −HK$3.0m | HK$5.0m | −HK$5.0m | HK$3.0m | HK$6.0m | HK$3.0m | −HK$10.0m |
| Capital spending | — | −HK$1.0m | −HK$1.0m | −HK$3.0m | — | — | — | — |
| Free cash flow | — | −HK$4.0m | HK$4.0m | −HK$8.0m | — | — | — | — |
| Total assets | HK$109.7m | HK$112.3m | HK$93.0m | HK$103.7m | HK$99.0m | HK$117.8m | HK$117.8m | HK$132.0m |
| Cash and short-term investments | HK$74.6m | HK$65.4m | HK$41.7m | HK$46.3m | HK$20.5m | HK$33.1m | HK$37.6m | HK$24.5m |
| Debt | HK$15.1m | HK$29.0m | HK$20.3m | HK$18.8m | HK$24.6m | HK$20.4m | — | HK$14.6m |
| Shareholders' equity | HK$71.0m | HK$73.2m | HK$61.2m | HK$72.2m | HK$63.6m | HK$84.8m | HK$84.8m | HK$100.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.7% | -6.6% | -11.0% |
| Operating income | -21.9% | 9.5% | -12.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.5% | 15.6% | 20.1% | 20.6% |
| Operating margin | -19.9% | -16.4% | -10.8% | -13.8% |
| Net margin | -10.5% | -15.3% | -7.6% | -13.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 118.6 | -7.0 | -6.3 | -3.8 | 10.2 | -31.0 | -2.3 | -2.2 | -1.5 | -3.5 |
| Price to sales | 1.4 | 1.7 | 1.0 | 0.8 | 0.9 | 0.6 | 0.2 | 0.3 | 0.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2012.
| FY2012 | FY2011 | |
|---|---|---|
| Paid in the year | 0.024 | 0.051 |
- 4-to-1 reverse split · 24 Mar 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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