Z 
0.01
-7.69%
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$1.47bn
FY2016FY2025
Net income
−HK$6.19bn
FY2016FY2025
Free cash flow
−HK$304.8m
FY2016FY2025
Shareholders' equity
−HK$4.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.47bn | HK$1.59bn | HK$2.30bn | HK$2.84bn | HK$2.99bn | HK$6.62bn | HK$4.48bn | HK$2.70bn | HK$2.77bn | HK$1.91bn |
| Research and development | — | — | HK$0 | HK$0 | HK$0 | HK$1 | HK$0 | — | — | — |
| Operating income | −HK$5.34bn | −HK$2.26bn | HK$1.03bn | HK$1.35bn | HK$1.84bn | HK$2.32bn | HK$1.88bn | HK$695.3m | HK$793.3m | HK$587.4m |
| Net income | −HK$6.19bn | −HK$3.48bn | −HK$871.0m | −HK$997.2m | HK$21.3m | HK$2.24bn | HK$747.2m | −HK$3.7m | HK$174.4m | −HK$175.6m |
| Diluted earnings per share | -0.70 | -0.46 | -0.12 | -0.14 | 0.00 | 0.31 | 0.10 | -0.00 | 0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$29.35bn | HK$32.78bn | HK$35.88bn | HK$37.12bn | HK$42.90bn | HK$36.93bn | HK$35.84bn | HK$35.81bn | HK$24.15bn | HK$18.75bn |
| Cash and short-term investments | HK$39.0m | HK$42.8m | HK$314.5m | HK$773.0m | HK$3.97bn | HK$3.53bn | HK$5.18bn | HK$8.23bn | HK$4.23bn | HK$4.55bn |
| Total liabilities | HK$33.61bn | HK$30.78bn | HK$29.34bn | HK$30.89bn | HK$35.03bn | HK$28.42bn | HK$28.28bn | HK$28.96bn | HK$18.97bn | HK$13.94bn |
| Debt | HK$16.58bn | HK$15.20bn | HK$13.85bn | HK$16.81bn | HK$20.73bn | HK$17.95bn | HK$18.20bn | HK$19.95bn | HK$11.16bn | HK$7.79bn |
| Shareholders' equity | −HK$4.27bn | HK$2.03bn | HK$5.09bn | HK$7.25bn | HK$7.73bn | HK$8.41bn | HK$7.47bn | HK$6.72bn | HK$4.86bn | HK$4.47bn |
| Shares outstanding | 8,851m | 7,626m | 7,226m | 7,226m | 7,226m | 7,194m | 7,194m | 6,424m | 6,424m | 4,728m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$304.4m | HK$620.8m | HK$1.87bn | HK$864.7m | HK$177.2m | −HK$2.76bn | −HK$866.1m | −HK$1.47bn | −HK$672.9m | −HK$257.8m |
| Capital spending | −HK$422,000 | −HK$281,000 | −HK$380,000 | −HK$1.2m | −HK$418.9m | −HK$10.4m | −HK$70.1m | −HK$113.2m | −HK$67.7m | −HK$16.5m |
| Free cash flow | −HK$304.8m | HK$620.5m | HK$1.87bn | HK$863.5m | −HK$241.7m | −HK$2.77bn | −HK$936.1m | −HK$1.59bn | −HK$740.6m | −HK$274.3m |
| Dividends paid | — | — | — | −HK$152.4m | −HK$722.6m | −HK$72.3m | −HK$72.3m | −HK$72.3m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.08bn | HK$3.4m | HK$1.47bn | HK$862.0m | HK$723.7m | HK$1.11bn | HK$1.03bn | HK$1.54bn |
| Operating income | HK$442.2m | −HK$5.73bn | HK$935.2m | −HK$2.17bn | HK$346.5m | HK$282.6m | HK$536.1m | HK$618.5m |
| Net income | −HK$257.9m | −HK$5.97bn | −HK$213.4m | −HK$2.61bn | −HK$833.8m | −HK$838.1m | −HK$100.9m | −HK$578.0m |
| Diluted earnings per share | -0.03 | -0.67 | -0.02 | -0.34 | -0.11 | -0.12 | -0.01 | -0.08 |
| Cash from operations | — | −HK$252.0m | −HK$52.0m | HK$296.0m | −HK$43.0m | HK$468.0m | HK$235.0m | HK$960.0m |
| Total assets | HK$30.50bn | HK$29.35bn | HK$33.20bn | HK$32.78bn | HK$35.97bn | HK$35.88bn | HK$35.96bn | HK$37.12bn |
| Cash and short-term investments | HK$40.2m | HK$39.0m | HK$41.9m | HK$42.8m | HK$112.3m | HK$314.5m | HK$663.3m | HK$773.0m |
| Debt | HK$16.41bn | HK$15.26bn | HK$14.48bn | HK$13.95bn | HK$14.10bn | HK$13.85bn | HK$14.78bn | HK$15.32bn |
| Shareholders' equity | −HK$3.05bn | −HK$4.27bn | HK$3.13bn | HK$2.03bn | HK$5.42bn | HK$6.33bn | HK$5.75bn | HK$6.13bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.7% | -26.0% | -7.8% |
| Net income | 83.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -248.6% | -63.5% | -5.8% | 9.7% |
| Net margin | -316.4% | -140.7% | -52.1% | -24.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -1.1 | -4.0 | 335.9 | 2.1 | 6.2 | -1462.4 | 23.8 | -12.0 |
| Price to sales | 0.3 | 0.4 | 0.4 | 1.4 | 2.4 | 0.7 | 1.0 | 2.0 | 1.5 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Jun 2021.
| FY2021 | |
|---|---|
| Paid in the year | 0.001 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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