P 
0.03
+3.33%
Close of 5 Nov 2026, in HKD
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$493.5m
FY2016FY2025
Net income
−HK$73.2m
FY2016FY2025
Free cash flow
−HK$60.6m
FY2016FY2025
Shareholders' equity
HK$1.28bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$493.5m | HK$508.3m | HK$517.4m | HK$498.5m | HK$491.3m | HK$1.37bn | HK$970.0m | HK$724.0m | HK$929.5m | HK$1.22bn |
| Research and development | — | — | — | — | HK$40.8m | HK$44.9m | HK$26.0m | HK$24.1m | HK$10.2m | HK$9.3m |
| Operating income | −HK$57.9m | −HK$45.6m | −HK$29.0m | −HK$57.7m | HK$5.9m | −HK$47.8m | −HK$115.6m | −HK$181.8m | −HK$209.4m | −HK$99.3m |
| Net income | −HK$73.2m | −HK$53.7m | −HK$38.7m | −HK$84.9m | −HK$104.9m | −HK$39.6m | −HK$56.5m | −HK$504.1m | −HK$199.5m | −HK$129.9m |
| Diluted earnings per share | -0.03 | -0.02 | -0.02 | -0.04 | -0.05 | -0.02 | -0.04 | -0.39 | -0.17 | -0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.91bn | HK$1.08bn | HK$810.8m | HK$913.4m | HK$1.25bn | HK$1.98bn | HK$1.28bn | HK$1.49bn | HK$2.02bn | HK$1.97bn |
| Cash and short-term investments | HK$1.81bn | HK$389.3m | HK$358.3m | HK$349.8m | HK$466.5m | HK$549.9m | HK$483.8m | HK$289.2m | HK$276.9m | HK$735.8m |
| Total liabilities | HK$1.63bn | HK$388.0m | HK$177.1m | HK$254.3m | HK$610.9m | HK$980.7m | HK$358.7m | HK$500.1m | HK$486.1m | HK$393.6m |
| Debt | HK$5.8m | HK$9.9m | HK$20.9m | HK$30.0m | HK$190.4m | HK$248.5m | HK$168.9m | HK$218.9m | HK$219.5m | HK$129.6m |
| Shareholders' equity | HK$1.28bn | HK$694.6m | HK$599.6m | HK$625.2m | HK$599.3m | HK$939.4m | HK$865.2m | HK$904.3m | HK$1.72bn | HK$1.55bn |
| Shares outstanding | 2,203m | 2,203m | 2,274m | 2,274m | 2,274m | 1,810m | 1,611m | 1,278m | 1,159m | 1,010m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$60.5m | HK$30.7m | HK$68.3m | HK$13.1m | HK$45.7m | HK$36.5m | HK$107.2m | −HK$144.9m | −HK$387.4m | −HK$217.7m |
| Capital spending | −HK$50,000 | −HK$140,422 | −HK$823,535 | −HK$16.0m | −HK$30.4m | −HK$53.2m | −HK$1.2m | −HK$23.8m | −HK$37.0m | −HK$22.5m |
| Free cash flow | −HK$60.6m | HK$30.5m | HK$67.5m | −HK$2.8m | HK$15.3m | −HK$16.6m | HK$106.0m | −HK$168.7m | −HK$424.4m | −HK$240.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$317.7m | HK$229.7m | HK$263.5m | HK$131.4m | HK$252.0m | HK$276.3m | HK$241.2m | HK$111.2m |
| Operating income | HK$42.5m | −HK$30.0m | −HK$27.9m | −HK$25.5m | −HK$20.1m | −HK$9.3m | −HK$21.2m | −HK$24.3m |
| Net income | HK$37.9m | −HK$43.3m | −HK$29.9m | −HK$24.2m | −HK$29.5m | −HK$18.3m | −HK$21.5m | −HK$10.2m |
| Diluted earnings per share | 0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 |
| Cash from operations | −HK$85.0m | HK$12.0m | −HK$115.0m | HK$224.0m | −HK$15.0m | −HK$111.0m | HK$67.0m | HK$33.0m |
| Total assets | HK$9.52bn | HK$2.91bn | HK$2.52bn | HK$1.09bn | HK$761.0m | HK$810.8m | HK$931.1m | HK$913.4m |
| Cash and short-term investments | HK$8.36bn | HK$1.81bn | HK$2.01bn | HK$612.9m | HK$388.7m | HK$358.3m | HK$362.7m | HK$349.8m |
| Debt | HK$5.7m | HK$11.0m | HK$10.0m | HK$16.3m | HK$9.6m | HK$20.9m | HK$22.8m | HK$30.0m |
| Shareholders' equity | HK$1.28bn | HK$1.28bn | HK$690.5m | HK$694.8m | HK$576.8m | HK$599.6m | HK$621.6m | HK$620.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.3% | -18.5% | -7.4% |
| Operating income | 0.1% | 3.9% | -3.0% |
| Net income | -4.8% | 13.1% | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.3% | -9.4% | -6.0% | -10.4% |
| Net margin | -12.7% | -12.4% | -10.2% | -15.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -0.7 | -0.6 | -0.4 | -0.3 | -0.9 | -0.9 | -0.1 | -0.3 | -0.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jun 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.001 | 0.001 | 0.001 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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