W 
0.02
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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$2.63bn
FY2017FY2026
Net income
−HK$804.4m
FY2017FY2026
Free cash flow
HK$954.7m
FY2017FY2026
Shareholders' equity
HK$3.62bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.63bn | HK$2.74bn | HK$1.98bn | HK$3.60bn | HK$1.86bn | HK$1.92bn | HK$3.44bn | HK$4.01bn | HK$2.62bn | HK$869.4m |
| Research and development | HK$1.9m | — | HK$1.8m | HK$1.9m | HK$1.3m | HK$5.0m | HK$10.8m | — | — | — |
| Operating income | −HK$437.7m | −HK$210.6m | −HK$28.8m | HK$164.7m | HK$93.8m | HK$101.5m | HK$806.4m | HK$894.7m | HK$270.7m | −HK$125.7m |
| Net income | −HK$804.4m | −HK$922.4m | −HK$753.8m | HK$12.8m | −HK$305.2m | HK$123.9m | HK$474.9m | HK$419.8m | HK$1.22bn | HK$423.7m |
| Diluted earnings per share | -0.06 | -0.07 | -0.05 | 0.00 | -0.02 | 0.01 | 0.03 | 0.02 | 0.07 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$12.00bn | HK$13.73bn | HK$17.58bn | HK$18.39bn | HK$20.06bn | HK$20.45bn | HK$19.09bn | HK$16.42bn | HK$15.92bn | HK$13.63bn |
| Cash and short-term investments | HK$1.22bn | HK$796.1m | HK$1.33bn | HK$1.75bn | HK$1.96bn | HK$2.45bn | HK$1.97bn | HK$3.65bn | HK$4.02bn | HK$4.65bn |
| Total liabilities | HK$6.42bn | HK$6.95bn | HK$9.46bn | HK$9.01bn | HK$10.46bn | HK$14.01bn | HK$9.41bn | HK$8.41bn | HK$7.92bn | HK$7.20bn |
| Debt | HK$4.36bn | HK$5.29bn | HK$7.11bn | HK$7.05bn | HK$7.63bn | HK$3.90bn | HK$7.04bn | HK$5.52bn | HK$4.68bn | HK$4.08bn |
| Shareholders' equity | HK$3.62bn | HK$4.33bn | HK$5.27bn | HK$5.92bn | HK$5.99bn | HK$6.44bn | HK$6.06bn | HK$5.89bn | HK$5.80bn | HK$4.61bn |
| Shares outstanding | 14,147m | 14,167m | 14,167m | 13,639m | 14,261m | 16,658m | 16,975m | 20,635m | 18,506m | 18,866m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$982.8m | HK$1.18bn | −HK$174.7m | HK$549.2m | −HK$2.13bn | −HK$1.11bn | HK$265.4m | −HK$473.8m | −HK$889.3m | HK$135.4m |
| Capital spending | −HK$28.1m | −HK$46.0m | −HK$31.0m | −HK$57.2m | −HK$81.7m | −HK$64.8m | −HK$35.7m | −HK$27.9m | −HK$68.8m | −HK$215.7m |
| Free cash flow | HK$954.7m | HK$1.13bn | −HK$205.6m | HK$492.0m | −HK$2.21bn | −HK$1.17bn | HK$229.7m | −HK$501.7m | −HK$958.1m | −HK$80.2m |
| Dividends paid | — | — | −HK$32.1m | −HK$44.8m | −HK$44.8m | −HK$99.8m | −HK$163.5m | −HK$109.9m | −HK$149.9m | −HK$115.7m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.42bn | HK$1.21bn | HK$1.51bn | HK$1.23bn | HK$847.1m | HK$1.14bn | HK$568.1m | HK$1.55bn |
| Operating income | −HK$234.8m | −HK$125.4m | −HK$459.0m | HK$23.9m | −HK$632.7m | HK$69.1m | −HK$56.4m | HK$73.6m |
| Net income | −HK$449.9m | −HK$354.5m | −HK$1.01bn | HK$85.8m | −HK$864.8m | HK$111.0m | HK$94.9m | HK$36.4m |
| Diluted earnings per share | -0.03 | -0.03 | -0.07 | 0.01 | -0.06 | 0.01 | 0.00 | 0.00 |
| Cash from operations | HK$673.0m | HK$474.0m | HK$572.0m | HK$606.0m | HK$212.0m | −HK$386.0m | — | HK$583.0m |
| Capital spending | −HK$11.0m | −HK$20.0m | −HK$16.0m | −HK$29.0m | HK$18.0m | −HK$50.0m | — | −HK$18.0m |
| Free cash flow | HK$662.0m | HK$454.0m | HK$556.0m | HK$577.0m | HK$230.0m | −HK$436.0m | — | HK$565.0m |
| Total assets | HK$12.00bn | HK$12.71bn | HK$13.73bn | HK$16.13bn | HK$17.58bn | HK$18.46bn | HK$18.46bn | HK$18.39bn |
| Cash and short-term investments | HK$1.22bn | HK$778.1m | HK$796.1m | HK$1.07bn | HK$1.33bn | HK$1.33bn | HK$1.27bn | HK$1.75bn |
| Debt | HK$4.36bn | HK$4.39bn | HK$5.29bn | HK$5.31bn | HK$6.55bn | HK$6.54bn | HK$3.65bn | HK$6.45bn |
| Shareholders' equity | HK$3.62bn | HK$4.03bn | HK$4.33bn | HK$5.36bn | HK$5.27bn | HK$5.90bn | HK$9.25bn | HK$5.92bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | 6.5% | 11.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.1% | -4.7% | -2.2% | 6.2% |
| Net margin | -32.1% | -22.5% | -18.0% | 1.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.3 | -0.4 | 42.7 | -1.9 | 10.1 | 2.1 | 4.1 | 1.4 | 5.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.7 | 0.3 | 0.4 | 0.7 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Aug 2023.
| FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.00 | 0.004 | 0.006 | 0.009 | 0.006 | 0.006 | 0.006 | 0.004 |
- 3-for-1 split · 25 Aug 2015
- 5-to-1 reverse split · 28 Jan 2011
- 5-to-1 reverse split · 24 Feb 2010
- 25-to-1 reverse split · 31 Mar 2009
- 20-for-1 split · 18 May 2007
- 11-for-10 split · 10 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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