C 
0.15
+11.54%
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$577.5m
FY2016FY2025
Net income
−HK$135.2m
FY2016FY2025
Free cash flow
HK$182.5m
FY2016FY2025
Shareholders' equity
HK$2.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$577.5m | HK$661.9m | HK$683.5m | HK$781.2m | HK$796.0m | HK$1.03bn | HK$970.2m | HK$932.6m | HK$867.5m | HK$867.2m |
| Gross profit | HK$242.1m | HK$263.8m | HK$298.9m | HK$374.0m | HK$366.5m | HK$477.7m | HK$470.3m | HK$455.2m | HK$395.8m | HK$385.3m |
| Operating income | −HK$28.6m | −HK$66.0m | −HK$88.9m | −HK$22.8m | HK$83.6m | HK$138.3m | HK$147.8m | HK$332.4m | HK$149.7m | HK$142.3m |
| Net income | −HK$135.2m | −HK$250.3m | −HK$175.7m | HK$3.8m | HK$81.0m | HK$14.1m | HK$278.0m | HK$317.0m | HK$127.4m | HK$121.0m |
| Diluted earnings per share | -0.09 | -0.16 | -0.11 | 0.00 | 0.06 | 0.01 | 0.22 | 0.25 | 0.10 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$5.58bn | HK$6.13bn | HK$6.49bn | HK$7.08bn | HK$6.77bn | HK$6.39bn | HK$6.26bn | HK$6.31bn | HK$6.08bn | HK$5.83bn |
| Cash and short-term investments | HK$200.7m | HK$180.0m | HK$445.6m | HK$475.1m | HK$821.9m | HK$712.0m | HK$361.8m | HK$585.7m | HK$376.1m | HK$262.6m |
| Total liabilities | HK$2.64bn | HK$3.02bn | HK$2.90bn | HK$2.99bn | HK$2.93bn | HK$2.79bn | HK$2.39bn | HK$2.35bn | HK$2.65bn | HK$2.40bn |
| Debt | HK$1.72bn | HK$1.84bn | HK$1.88bn | HK$1.78bn | HK$1.73bn | HK$1.80bn | HK$1.28bn | HK$1.16bn | HK$1.23bn | HK$936.4m |
| Shareholders' equity | HK$2.94bn | HK$3.12bn | HK$3.59bn | HK$4.09bn | HK$3.84bn | HK$3.60bn | HK$3.87bn | HK$3.96bn | HK$3.44bn | HK$3.44bn |
| Shares outstanding | 1,571m | 1,571m | 1,571m | 1,536m | 1,257m | 1,257m | 1,257m | 1,257m | 1,254m | 1,255m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$205.8m | HK$261.2m | HK$53.1m | −HK$43.1m | HK$227.3m | HK$185.9m | −HK$45.0m | HK$177.7m | HK$118.0m | HK$114.7m |
| Capital spending | −HK$23.3m | −HK$39.6m | −HK$101.0m | −HK$181.5m | −HK$47.5m | −HK$61.6m | −HK$157.0m | −HK$178.4m | −HK$62.1m | −HK$55.7m |
| Free cash flow | HK$182.5m | HK$221.6m | −HK$47.9m | −HK$224.6m | HK$179.8m | HK$124.3m | −HK$202.0m | −HK$710,000 | HK$55.9m | HK$59.0m |
| Dividends paid | — | — | −HK$15.7m | −HK$47.1m | −HK$37.7m | −HK$37.7m | −HK$62.9m | −HK$37.6m | −HK$37.6m | −HK$37.6m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$324.6m | HK$253.5m | HK$324.1m | HK$295.5m | HK$366.3m | HK$304.4m | HK$379.1m | HK$264.7m |
| Gross profit | HK$190.7m | HK$47.5m | HK$194.6m | HK$46.7m | HK$217.1m | HK$68.8m | HK$230.1m | HK$56.7m |
| Operating income | HK$26.1m | HK$8.1m | −HK$26.7m | HK$32.3m | −HK$63.9m | HK$68.3m | −HK$121.4m | −HK$89.1m |
| Net income | −HK$30.8m | −HK$25.8m | −HK$109.4m | −HK$115.0m | −HK$135.2m | −HK$18.1m | −HK$157.6m | −HK$54.8m |
| Diluted earnings per share | -0.02 | -0.02 | -0.07 | -0.07 | -0.09 | -0.01 | -0.10 | -0.03 |
| Total assets | HK$5.49bn | HK$5.58bn | HK$5.97bn | HK$6.13bn | HK$6.11bn | HK$6.49bn | HK$6.46bn | HK$7.08bn |
| Cash and short-term investments | HK$132.0m | HK$200.7m | HK$209.7m | HK$180.0m | HK$369.7m | HK$445.6m | HK$369.0m | HK$475.1m |
| Debt | HK$395.7m | HK$1.53bn | HK$351.3m | HK$1.68bn | HK$802.9m | HK$649.3m | HK$908.4m | HK$801.1m |
| Shareholders' equity | HK$2.93bn | HK$2.94bn | HK$3.19bn | HK$3.12bn | HK$3.23bn | HK$3.59bn | HK$3.62bn | HK$4.09bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.6% | -10.9% | -1.5% |
| Operating income | 7.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.8% | 43.6% | 44.6% | 46.1% |
| Operating margin | -7.6% | -7.6% | 0.3% | 11.4% |
| Net margin | -31.1% | -20.6% | -10.2% | 5.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.7 | -1.1 | -2.4 | 188.9 | 10.4 | 42.7 | 3.6 | 3.5 | 8.9 | 8.0 |
| Price to sales | 0.4 | 0.4 | 0.6 | 0.9 | 1.1 | 0.6 | 1.0 | 1.2 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Sept 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
- 5-for-1 split · 25 Sept 1997
- 5-to-1 reverse split · 29 Sept 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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