C 
1.17
+0.86%
Close of 6 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$546.3m
FY2016FY2025
Net income
−HK$444.4m
FY2016FY2025
Free cash flow
−HK$256.1m
FY2016FY2025
Shareholders' equity
HK$13.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$546.3m | HK$493.1m | HK$473.0m | HK$498.4m | HK$648.1m | HK$588.8m | HK$661.2m | HK$651.1m | HK$464.6m | HK$1.13bn |
| Research and development | — | — | HK$5 | HK$5 | HK$0 | HK$1 | HK$0 | — | — | — |
| Operating income | HK$192.0m | HK$110.7m | HK$94.8m | −HK$807.2m | HK$243.1m | HK$388.7m | HK$255.3m | HK$348.6m | HK$112.6m | HK$174.0m |
| Net income | −HK$444.4m | −HK$617.9m | −HK$1.94bn | −HK$1.94bn | HK$490.1m | HK$588.2m | HK$414.0m | HK$171.1m | HK$291.9m | −HK$356.8m |
| Diluted earnings per share | -0.11 | -0.16 | -0.50 | -0.50 | 0.13 | 0.15 | 0.11 | 0.04 | 0.08 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$22.65bn | HK$23.52bn | HK$25.36bn | HK$26.20bn | HK$31.96bn | HK$34.14bn | HK$29.48bn | HK$28.44bn | HK$32.17bn | HK$14.64bn |
| Cash and short-term investments | HK$2.15bn | HK$2.73bn | HK$3.80bn | HK$3.11bn | HK$6.37bn | HK$6.86bn | HK$6.54bn | HK$4.97bn | HK$5.12bn | HK$8.16bn |
| Total liabilities | HK$9.63bn | HK$10.73bn | HK$11.83bn | HK$11.31bn | HK$13.52bn | HK$13.73bn | HK$11.97bn | HK$11.32bn | HK$15.33bn | HK$1.37bn |
| Debt | HK$7.84bn | HK$10.36bn | HK$11.38bn | HK$10.76bn | HK$13.02bn | HK$12.43bn | HK$10.91bn | HK$10.02bn | HK$13.64bn | HK$112.2m |
| Shareholders' equity | HK$13.02bn | HK$12.79bn | HK$13.53bn | HK$14.89bn | HK$18.44bn | HK$20.41bn | HK$17.51bn | HK$17.12bn | HK$16.85bn | HK$13.27bn |
| Shares outstanding | 3,882m | 3,882m | 3,882m | 3,882m | 3,882m | 3,882m | 3,882m | 3,882m | 3,889m | 2,588m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$256.0m | −HK$455.9m | −HK$532.9m | −HK$226.9m | HK$341.0m | HK$738.9m | −HK$62.2m | −HK$538.6m | HK$524.0m | −HK$322.6m |
| Capital spending | −HK$153,000 | −HK$121,000 | −HK$265,000 | −HK$4.4m | −HK$450,000 | −HK$1.1m | −HK$42.3m | −HK$10.9m | −HK$1.6m | −HK$87.7m |
| Free cash flow | −HK$256.1m | −HK$456.0m | −HK$533.2m | −HK$231.3m | HK$340.5m | HK$737.7m | −HK$104.6m | −HK$549.5m | HK$522.5m | −HK$410.3m |
| Dividends paid | — | — | −HK$77.6m | −HK$77.6m | −HK$77.6m | −HK$77.6m | −HK$77.6m | −HK$77.6m | −HK$77.6m | −HK$142.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$279.6m | HK$296.0m | HK$250.3m | HK$249.0m | HK$244.1m | HK$261.0m | HK$271.6m | HK$193.1m |
| Operating income | HK$131.9m | HK$72.7m | HK$119.3m | HK$55.0m | HK$69.3m | HK$10.3m | HK$103.6m | −HK$969.1m |
| Net income | HK$68.0m | −HK$407.7m | −HK$36.8m | −HK$708.9m | HK$91.0m | −HK$587.4m | −HK$1.35bn | −HK$2.18bn |
| Diluted earnings per share | 0.02 | -0.11 | -0.01 | -0.18 | 0.02 | -0.15 | -0.35 | -0.56 |
| Cash from operations | — | −HK$41.0m | −HK$153.0m | −HK$140.0m | −HK$254.0m | −HK$360.0m | −HK$192.0m | −HK$59.0m |
| Capital spending | — | — | — | — | — | — | — | −HK$3.0m |
| Free cash flow | — | — | — | — | — | — | — | −HK$62.0m |
| Total assets | HK$22.60bn | HK$22.65bn | HK$24.87bn | HK$23.52bn | HK$24.30bn | HK$25.36bn | HK$25.93bn | HK$26.20bn |
| Cash and short-term investments | HK$1.85bn | HK$2.15bn | HK$2.46bn | HK$2.73bn | HK$2.45bn | HK$3.80bn | HK$3.30bn | HK$3.11bn |
| Debt | HK$5.70bn | HK$7.83bn | HK$10.80bn | HK$10.36bn | HK$10.30bn | HK$11.37bn | HK$11.11bn | HK$10.73bn |
| Shareholders' equity | HK$12.95bn | HK$13.02bn | HK$13.82bn | HK$12.79bn | HK$13.64bn | HK$13.53bn | HK$14.29bn | HK$14.89bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 35.1% | 22.5% | 18.7% | -162.0% | 51.1% | 66.0% | — |
| Net margin | -81.3% | -125.3% | -409.6% | -389.3% | 75.6% | 99.9% | — |
| Return on equity | -3.4% | -4.8% | -14.3% | -13.0% | 2.7% | 2.9% | — |
| Return on assets | -2.0% | -2.6% | -7.6% | -7.4% | 1.5% | 1.7% | — |
| Free cash flow yield | -5.6% | -10.0% | -11.7% | -4.9% | 7.5% | 16.3% | — |
| Revenue growth | 10.8% | 4.2% | -5.1% | -23.1% | 10.1% | -10.9% | — |
| Earnings growth | -28.1% | -68.1% | -0.2% | -495.9% | -16.7% | 42.1% | — |
| Current ratio | 1.81x | 0.86x | 1.55x | 4.54x | 0.72x | 4.87x | — |
| Debt to equity | 0.60x | 0.81x | 0.84x | 0.72x | 0.71x | 0.61x | — |
| Equity ratio | 57.5% | 54.4% | 53.4% | 56.8% | 57.7% | 59.8% | — |
| Interest coverage | 0.37x | 0.18x | 0.14x | -1.88x | 0.80x | 1.04x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.1% | -1.5% | -22.1% |
| Operating income | — | -13.2% | -16.5% |
| Net income | -38.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 29.1% | -20.4% | 6.8% | 17.9% |
| Net margin | -102.2% | -245.7% | -118.9% | -15.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.5 | -7.4 | -2.9 | -3.9 | 13.8 | 11.3 | 16.8 | 42.9 | 23.1 | -16.2 |
| Price to sales | 8.5 | 9.3 | 11.8 | 15.2 | 10.4 | 11.3 | 10.5 | 11.3 | 14.5 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.054 | 0.049 |
- 10-to-1 reverse split · 11 Jan 2007
- 10-for-1 split · 13 Jun 2000
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.