K 
0.02
-4.55%
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$192.0m
FY2016FY2025
Net income
−HK$127.5m
FY2016FY2025
Free cash flow
−HK$81.2m
FY2016FY2025
Shareholders' equity
HK$1.89bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$192.0m | HK$323.5m | HK$293.6m | HK$153.5m | HK$93.9m | HK$37.8m | HK$244.7m | HK$300.7m | HK$289.9m | HK$276.6m |
| Gross profit | HK$7.1m | HK$86.7m | HK$70.5m | −HK$794,000 | −HK$44.3m | −HK$65.2m | HK$41.7m | HK$77.6m | HK$73.9m | HK$71.5m |
| Operating income | −HK$33.3m | HK$45.1m | HK$65.6m | −HK$15.2m | −HK$179.9m | −HK$99.2m | HK$15.1m | HK$37.1m | HK$15.2m | −HK$275.2m |
| Net income | −HK$127.5m | HK$35.8m | −HK$2.4m | −HK$41.1m | −HK$164.4m | −HK$332.9m | −HK$30.6m | HK$338.9m | HK$4.7m | −HK$129.3m |
| Diluted earnings per share | -0.01 | 0.00 | -0.00 | -0.00 | -0.01 | -0.03 | -0.00 | 0.03 | 0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.72bn | HK$3.47bn | HK$3.67bn | HK$3.62bn | HK$3.72bn | HK$4.07bn | HK$4.21bn | HK$4.34bn | HK$4.22bn | HK$3.92bn |
| Cash and short-term investments | HK$931.0m | HK$994.5m | HK$998.1m | HK$941.7m | HK$871.7m | HK$892.9m | HK$1.24bn | HK$1.12bn | HK$513.4m | HK$539.7m |
| Total liabilities | HK$1.84bn | HK$1.60bn | HK$1.74bn | HK$1.69bn | HK$1.73bn | HK$1.86bn | HK$1.79bn | HK$1.84bn | HK$2.00bn | HK$1.90bn |
| Debt | HK$1.58bn | HK$1.38bn | HK$1.50bn | HK$1.45bn | HK$1.52bn | HK$1.63bn | HK$1.48bn | HK$1.53bn | HK$1.60bn | HK$1.52bn |
| Shareholders' equity | HK$1.89bn | HK$1.87bn | HK$1.93bn | HK$1.93bn | HK$1.98bn | HK$2.21bn | HK$2.42bn | HK$2.50bn | HK$2.22bn | HK$2.02bn |
| Shares outstanding | 12,535m | 12,779m | 12,779m | 12,779m | 12,779m | 12,779m | 12,779m | 12,779m | 12,779m | 12,779m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$31.1m | HK$108.2m | HK$90.5m | HK$44.8m | HK$40.2m | −HK$7.5m | HK$253.3m | −HK$122.3m | HK$146.6m | −HK$16.5m |
| Capital spending | −HK$112.3m | −HK$5.0m | −HK$3.0m | −HK$76.3m | −HK$16.9m | −HK$6.8m | −HK$12.0m | −HK$6.1m | −HK$11.0m | −HK$3.4m |
| Free cash flow | −HK$81.2m | HK$103.2m | HK$87.5m | −HK$31.5m | HK$23.3m | −HK$14.3m | HK$241.2m | −HK$128.4m | HK$135.6m | −HK$19.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$176.7m | HK$117.4m | HK$74.7m | HK$179.7m | HK$143.8m | HK$158.5m | HK$79.3m | HK$135.1m |
| Gross profit | HK$44.2m | HK$17.3m | −HK$10.1m | HK$55.8m | HK$30.8m | HK$39.7m | HK$19.9m | HK$30.8m |
| Operating income | HK$26.5m | −HK$7.0m | −HK$26.3m | HK$31.9m | HK$13.2m | HK$17.4m | HK$9.5m | −HK$4.8m |
| Net income | −HK$2.6m | −HK$27.6m | −HK$100.0m | HK$27.9m | HK$7.9m | −HK$1.2m | −HK$614,000 | −HK$1.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | HK$21.0m | −HK$6.0m | −HK$31.0m | HK$9.0m | HK$41.0m | HK$26.0m | HK$18.0m | HK$36.0m |
| Capital spending | −HK$26.0m | −HK$57.0m | −HK$54.0m | −HK$1.0m | −HK$3.0m | −HK$1.0m | — | −HK$1.0m |
| Free cash flow | −HK$5.0m | −HK$63.0m | −HK$85.0m | HK$8.0m | HK$38.0m | HK$25.0m | — | HK$35.0m |
| Total assets | HK$3.68bn | HK$3.72bn | HK$3.75bn | HK$3.47bn | HK$3.60bn | HK$3.67bn | HK$3.67bn | HK$3.67bn |
| Cash and short-term investments | HK$925.0m | HK$931.0m | HK$928.7m | HK$994.5m | HK$951.9m | HK$998.1m | HK$1.00bn | HK$949.1m |
| Debt | HK$1.5m | HK$1.58bn | HK$1.59bn | HK$1.38bn | HK$1.45bn | HK$1.50bn | HK$1.50bn | HK$1.49bn |
| Shareholders' equity | HK$1.87bn | HK$1.89bn | HK$1.92bn | HK$1.87bn | HK$1.89bn | HK$1.93bn | HK$1.93bn | HK$1.93bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.7% | 38.4% | -5.3% |
| Operating income | 29.9% | -19.6% | — |
| Net income | 45.8% | -17.5% | 20.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.2% | 17.0% | 4.9% | 16.9% |
| Operating margin | 2.3% | 6.5% | -19.8% | -14.3% |
| Net margin | -17.8% | -14.0% | -57.8% | -18.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.3 | 5.3 | -101.3 | -6.2 | -2.5 | -1.5 | -12.5 | 1.8 | 133.8 | -8.3 |
| Price to sales | 1.5 | 0.6 | 0.8 | 1.7 | 4.3 | 13.2 | 1.6 | 2.0 | 2.2 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Nov 1997.
- 10-to-1 reverse split · 25 Nov 2002
- 2-for-1 split · 31 Oct 2000
- 5-for-1 split · 18 Nov 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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