M 
0.02
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$110.2m
FY2017FY2026
Net income
HK$49.9m
FY2017FY2026
Free cash flow
−HK$11.0m
FY2017FY2026
Shareholders' equity
HK$93.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$110.2m | HK$205.8m | HK$271.0m | HK$416.8m | HK$1.59bn | HK$2.14bn | HK$310.4m | HK$214.4m | HK$222.1m | HK$197.6m |
| Operating income | −HK$5.3m | −HK$78.7m | −HK$119.1m | −HK$358.0m | −HK$51.1m | HK$13.1m | −HK$25.9m | HK$7.8m | HK$18.3m | HK$9.6m |
| Net income | HK$49.9m | −HK$85.2m | −HK$117.4m | −HK$352.8m | −HK$270.0m | HK$3.0m | −HK$73.7m | HK$2.5m | HK$14.7m | HK$50.4m |
| Diluted earnings per share | 0.01 | -0.01 | -0.02 | -0.06 | -0.05 | 0.00 | -0.01 | 0.00 | 0.00 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$256.0m | HK$608.7m | HK$755.0m | HK$1.00bn | HK$1.53bn | HK$3.10bn | HK$4.19bn | HK$966.6m | HK$951.0m | HK$819.7m |
| Cash and short-term investments | HK$11.6m | HK$20.3m | HK$35.3m | HK$38.3m | HK$55.7m | HK$191.7m | HK$361.5m | HK$99.6m | HK$196.1m | HK$391.8m |
| Total liabilities | HK$162.2m | HK$552.1m | HK$612.9m | HK$738.5m | HK$875.9m | HK$2.20bn | HK$3.35bn | HK$339.9m | HK$313.2m | HK$177.4m |
| Debt | HK$107.5m | HK$133.1m | HK$166.8m | HK$189.9m | HK$177.9m | HK$221.7m | HK$377.1m | HK$134.6m | HK$115.3m | HK$60.5m |
| Shareholders' equity | HK$93.8m | HK$56.7m | HK$142.1m | HK$265.3m | HK$652.5m | HK$898.6m | HK$841.9m | HK$626.6m | HK$637.9m | HK$642.3m |
| Shares outstanding | 5,786m | 5,779m | 5,779m | 5,779m | 5,779m | 5,779m | 5,779m | 4,447m | 3,311m | 3,311m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.9m | −HK$11.8m | HK$40.1m | −HK$34.7m | −HK$15.9m | HK$29.8m | −HK$49.6m | HK$26.5m | HK$44.2m | HK$4.4m |
| Capital spending | −HK$11,000 | −HK$1.5m | −HK$872,000 | −HK$448,000 | −HK$924,000 | −HK$2.5m | −HK$3.3m | −HK$15.7m | −HK$16.0m | −HK$12.4m |
| Free cash flow | −HK$11.0m | −HK$13.3m | HK$39.2m | −HK$35.2m | −HK$16.9m | HK$27.3m | −HK$52.9m | HK$10.9m | HK$28.3m | −HK$8.0m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$33.1m | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$46.1m | HK$64.1m | HK$105.1m | HK$100.7m | HK$95.0m | HK$176.0m | HK$88.0m | HK$273.1m |
| Operating income | HK$193,000 | −HK$17.7m | −HK$10.2m | −HK$33.2m | −HK$67.9m | −HK$39.3m | −HK$22.4m | −HK$172.1m |
| Net income | HK$70.0m | −HK$20.1m | −HK$48.6m | −HK$36.5m | −HK$63.0m | −HK$54.4m | −HK$27.2m | −HK$180.1m |
| Diluted earnings per share | 0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.03 |
| Cash from operations | −HK$10.0m | HK$1.0m | −HK$4.0m | −HK$7.0m | HK$16.0m | HK$23.0m | HK$11.0m | −HK$14.0m |
| Total assets | HK$256.0m | HK$597.6m | HK$608.7m | HK$703.5m | HK$755.0m | HK$867.5m | HK$867.5m | HK$1.00bn |
| Cash and short-term investments | HK$11.6m | HK$16.6m | HK$20.3m | HK$42.4m | HK$35.3m | HK$42.9m | HK$42.9m | HK$38.3m |
| Debt | HK$107.5m | HK$126.3m | HK$133.1m | HK$143.9m | HK$166.8m | HK$172.9m | HK$146.1m | HK$189.9m |
| Shareholders' equity | HK$93.8m | HK$37.2m | HK$56.7m | HK$107.3m | HK$142.1m | HK$207.6m | HK$207.6m | HK$265.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.8% | -44.8% | -8.1% |
| Operating income | -75.4% | — | — |
| Net income | — | 75.7% | -6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -26.6% | -55.9% | -12.7% | -8.4% |
| Net margin | -11.2% | -50.4% | -16.3% | -11.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.3 | -1.7 | -0.9 | -0.8 | -1.2 | 80.7 | -3.8 | 120.0 | 30.8 | 16.5 |
| Price to sales | 1.1 | 0.7 | 0.4 | 0.7 | 0.2 | 0.1 | 0.9 | 1.4 | 2.0 | 4.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 May 2017.
| FY2018 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.00 | 0.004 | 0.00 | 0.00 | 0.00 | 0.007 | 0.00 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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