E 
1.20
—
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$398.4m
FY2017FY2026
Net income
−HK$435.3m
FY2017FY2026
Free cash flow
HK$115.4m
FY2017FY2026
Shareholders' equity
HK$1.29bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$398.4m | HK$488.5m | HK$227.1m | HK$86.8m | HK$350.8m | HK$323.4m | HK$830.3m | HK$331.5m | HK$529.5m |
| Operating income | −HK$242.8m | −HK$116.5m | −HK$77.4m | −HK$73.2m | −HK$14.2m | −HK$26.1m | HK$240.3m | HK$326.5m | HK$150.3m |
| Net income | −HK$435.3m | −HK$717.7m | −HK$253.2m | HK$13.3m | HK$979.4m | HK$22.3m | HK$315.8m | HK$297.2m | −HK$243.8m |
| Diluted earnings per share | -2.94 | -4.85 | -1.71 | 0.19 | 13.24 | 0.30 | 3.46 | 3.25 | -3.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.30bn | HK$3.33bn | HK$8.74bn | HK$9.19bn | HK$8.92bn | HK$4.90bn | HK$5.03bn | HK$4.43bn | HK$3.87bn |
| Cash and short-term investments | HK$96.0m | HK$87.9m | HK$547.9m | HK$541.7m | HK$567.1m | HK$464.8m | HK$309.1m | HK$280.3m | HK$408.3m |
| Total liabilities | HK$1.01bn | HK$1.60bn | HK$4.14bn | HK$4.20bn | HK$3.98bn | HK$1.67bn | HK$1.48bn | HK$1.24bn | HK$1.02bn |
| Debt | HK$767.3m | HK$1.27bn | HK$3.67bn | HK$3.53bn | HK$3.56bn | HK$1.47bn | HK$1.29bn | HK$1.15bn | HK$899.5m |
| Shareholders' equity | HK$1.29bn | HK$1.73bn | HK$2.41bn | HK$3.45bn | HK$4.18bn | HK$3.23bn | HK$3.55bn | HK$3.19bn | HK$2.85bn |
| Shares outstanding | 148m | 148m | 148m | 71m | 74m | 75m | 91m | 91m | 79m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$115.4m | HK$358.9m | −HK$336.3m | −HK$135.5m | −HK$441.0m | HK$257.5m | HK$427.7m | −HK$65.8m | −HK$113.2m |
| Capital spending | −HK$32,000 | −HK$85,000 | −HK$1.4m | −HK$3.4m | −HK$12.7m | −HK$196,000 | −HK$93,000 | −HK$6.2m | −HK$8.1m |
| Free cash flow | HK$115.4m | HK$358.8m | −HK$337.7m | −HK$139.0m | −HK$453.6m | HK$257.3m | HK$427.6m | −HK$72.0m | −HK$121.3m |
| Dividends paid | — | — | — | — | — | — | −HK$4.6m | −HK$4.0m | −HK$7.9m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$319.2m | HK$79.2m | HK$258.6m | HK$229.9m | HK$48.5m | HK$48.5m | HK$130.1m | HK$65.1m |
| Operating income | −HK$182.0m | −HK$60.8m | HK$31.7m | −HK$55.7m | −HK$102.2m | −HK$25.1m | −HK$116.5m | −HK$12.2m |
| Net income | −HK$326.0m | −HK$109.3m | −HK$8.2m | −HK$709.5m | −HK$182.7m | −HK$96.7m | −HK$70.5m | −HK$30.7m |
| Diluted earnings per share | -2.20 | -0.74 | -0.06 | -4.79 | -1.23 | -1.36 | -1.00 | -0.43 |
| Cash from operations | HK$106.0m | HK$8.0m | HK$141.0m | HK$130.0m | −HK$140.0m | −HK$70.0m | −HK$195.0m | −HK$97.0m |
| Capital spending | — | — | — | — | −HK$1.0m | — | — | — |
| Free cash flow | — | — | — | — | −HK$141.0m | — | — | — |
| Total assets | HK$2.30bn | HK$3.24bn | HK$3.33bn | HK$3.61bn | HK$8.74bn | HK$8.74bn | HK$9.23bn | HK$9.23bn |
| Cash and short-term investments | HK$96.0m | HK$125.7m | HK$87.9m | HK$108.1m | HK$547.9m | HK$547.9m | HK$627.6m | HK$627.6m |
| Debt | HK$767.6m | HK$1.30bn | HK$1.27bn | HK$1.52bn | HK$3.88bn | HK$2.54bn | HK$3.89bn | HK$2.57bn |
| Shareholders' equity | HK$1.29bn | HK$1.62bn | HK$1.73bn | HK$1.74bn | HK$2.41bn | HK$2.41bn | HK$2.59bn | HK$2.59bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 66.2% | 4.3% | -5.2% |
| Operating income | 49.1% | 56.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -40.5% | -42.5% | -29.3% | 6.9% |
| Net margin | -130.0% | -116.0% | -20.9% | -4.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.3 | -0.5 | 8.6 | 0.1 | 8.1 | -0.6 | 0.6 | 0.7 | -0.8 |
| Price to sales | 0.5 | 0.5 | 0.6 | 1.3 | 0.4 | 0.6 | 2.6 | 0.2 | 0.6 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Aug 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.025 | 0.025 | 0.05 | 0.05 | 0.05 | 0.20 | 0.02 |
- 10-to-1 reverse split · 18 Feb 2010
- 10-to-1 reverse split · 17 Oct 2006
- 10-to-1 reverse split · 23 Aug 2002
- 40-to-1 reverse split · 13 Jul 1998
- 3-for-1 split · 29 Jan 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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