R 
0.20
-1.51%
Close of 9 Nov 2026, in HKD
Search any instrument
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$556.3m
FY2016FY2025
Net income
−HK$890.4m
FY2016FY2025
Free cash flow
−HK$460.2m
FY2016FY2025
Shareholders' equity
HK$2.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$556.3m | HK$428.4m | HK$601.2m | HK$1.20bn | HK$1.20bn | HK$869.3m | HK$828.9m | HK$811.0m | HK$763.0m | HK$209.8m |
| Operating income | −HK$106.0m | −HK$188.0m | HK$751.5m | HK$1.07bn | HK$1.09bn | HK$2.05bn | −HK$5.0m | HK$977.8m | HK$41.7m | HK$226.4m |
| Net income | −HK$890.4m | −HK$886.7m | HK$76.7m | HK$112.8m | HK$122.2m | HK$885.2m | −HK$415.5m | HK$363.3m | HK$93.3m | HK$80.1m |
| Diluted earnings per share | -0.62 | -0.62 | 0.05 | 0.08 | 0.08 | 0.62 | -0.29 | 0.25 | 0.08 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$20.10bn | HK$18.99bn | HK$20.48bn | HK$19.87bn | HK$18.75bn | HK$16.72bn | HK$12.58bn | HK$11.42bn | HK$2.18bn | HK$1.61bn |
| Cash and short-term investments | HK$253.3m | HK$99.1m | HK$221.8m | HK$243.1m | HK$310.9m | HK$1.28bn | HK$599.2m | HK$993.2m | HK$117.5m | HK$70.4m |
| Total liabilities | HK$16.70bn | HK$14.92bn | HK$15.38bn | HK$14.70bn | HK$13.48bn | HK$12.31bn | HK$9.36bn | HK$8.49bn | HK$1.07bn | HK$709.7m |
| Debt | HK$13.05bn | HK$12.09bn | HK$12.89bn | HK$12.66bn | HK$11.71bn | HK$10.89bn | HK$8.72bn | HK$7.67bn | HK$634.2m | HK$491.9m |
| Shareholders' equity | HK$2.08bn | HK$2.70bn | HK$3.59bn | HK$3.61bn | HK$4.13bn | HK$3.51bn | HK$2.35bn | HK$2.88bn | HK$1.07bn | HK$898.1m |
| Shares outstanding | 1,443m | 1,441m | 1,442m | 1,443m | 1,443m | 1,438m | 1,438m | 1,443m | 1,153m | 1,153m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$455.2m | HK$15.8m | −HK$13.9m | −HK$1.31bn | −HK$198.4m | −HK$167.7m | HK$218.6m | −HK$42.8m | −HK$36.3m | −HK$116.5m |
| Capital spending | −HK$5.0m | −HK$2.6m | −HK$3.0m | −HK$15.4m | −HK$11.4m | −HK$23.0m | −HK$6.0m | −HK$81.2m | −HK$5.7m | −HK$22.8m |
| Free cash flow | −HK$460.2m | HK$13.2m | −HK$16.9m | −HK$1.33bn | −HK$209.8m | −HK$190.6m | HK$212.5m | −HK$124.0m | −HK$42.0m | −HK$139.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$278.2m | HK$279.2m | HK$277.1m | HK$78.7m | HK$349.6m | HK$409.0m | HK$392.5m | HK$615.5m |
| Operating income | HK$5.1m | −HK$31.2m | −HK$20.0m | −HK$87.9m | −HK$33.3m | −HK$9.3m | −HK$31.6m | −HK$100.0m |
| Net income | −HK$464.8m | −HK$411.2m | −HK$479.2m | −HK$371.2m | −HK$515.4m | HK$28.1m | HK$48.6m | HK$63.6m |
| Diluted earnings per share | -0.32 | -0.29 | -0.33 | -0.26 | -0.36 | 0.02 | 0.03 | 0.04 |
| Cash from operations | — | −HK$606.0m | HK$150.0m | −HK$458.0m | HK$95.0m | −HK$348.0m | HK$7.0m | −HK$1.59bn |
| Capital spending | — | −HK$606.0m | — | −HK$2.0m | — | −HK$2.0m | — | −HK$15.0m |
| Free cash flow | — | −HK$1.21bn | — | −HK$460.0m | — | −HK$350.0m | — | −HK$1.61bn |
| Total assets | HK$20.86bn | HK$20.10bn | HK$19.52bn | HK$18.99bn | HK$19.84bn | HK$20.48bn | HK$19.70bn | HK$19.87bn |
| Cash and short-term investments | HK$253.5m | HK$253.3m | HK$109.0m | HK$99.1m | HK$136.4m | HK$221.8m | HK$177.8m | HK$243.1m |
| Debt | HK$1.34bn | HK$13.05bn | HK$12.50bn | HK$12.40bn | HK$12.92bn | HK$13.16bn | HK$12.40bn | HK$13.07bn |
| Shareholders' equity | HK$1.82bn | HK$2.08bn | HK$2.39bn | HK$2.70bn | HK$2.93bn | HK$3.59bn | HK$3.44bn | HK$3.61bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -19.1% | -43.9% | 125.0% | 89.5% | 91.3% | 235.4% |
| Net margin | -160.1% | -207.0% | 12.8% | 9.4% | 10.2% | 101.8% |
| Return on equity | -42.8% | -32.8% | 2.1% | 3.1% | 3.0% | 25.3% |
| Return on assets | -4.4% | -4.7% | 0.4% | 0.6% | 0.7% | 5.3% |
| Free cash flow yield | -2.6% | 0.1% | -0.3% | -29.7% | -4.3% | -3.3% |
| Revenue growth | 29.9% | -28.8% | -49.8% | 0.3% | 37.5% | 4.9% |
| Earnings growth | 0.4% | -1256.2% | -32.0% | -7.7% | -86.2% | -313.0% |
| Current ratio | 3.95x | 1.00x | 4.73x | 1.47x | 6.31x | 3.52x |
| Debt to equity | 6.27x | 4.59x | 3.66x | 3.49x | 2.82x | 3.10x |
| Equity ratio | 10.3% | 14.2% | 17.5% | 18.2% | 22.0% | 21.0% |
| Interest coverage | -0.17x | -0.27x | 0.98x | 1.47x | 1.57x | 3.25x |
| Buybacks as a share of market value | -0.1% | -299.8% | 0.1% | -0.0% | -0.3% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.6% | -8.5% | 10.7% |
| Operating income | — | — | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -29.9% | 55.0% | 96.3% | 76.5% |
| Net margin | -180.5% | -57.0% | -12.0% | -5.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -0.4 | 3.4 | 3.8 | 3.8 | 0.2 | -0.5 | 0.7 | 2.3 | 2.5 |
| Price to sales | 1.2 | 0.8 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jun 2014.
| FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.121 | 0.005 | 0.005 | 0.005 | 0.012 | 0.002 | 0.007 | 0.01 |
- 5-for-4 split · 27 Aug 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.