R 
0.07
-1.35%
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$1.02bn
FY2016FY2025
Net income
−HK$119.8m
FY2016FY2025
Free cash flow
HK$213.1m
FY2016FY2025
Shareholders' equity
HK$5.38bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.02bn | HK$1.14bn | HK$740.3m | HK$811.4m | HK$2.61bn | HK$1.57bn | HK$1.48bn | HK$2.83bn | HK$995.6m |
| Gross profit | HK$287.8m | HK$211.5m | HK$138.6m | HK$182.2m | HK$432.8m | HK$338.1m | HK$511.5m | HK$871.3m | HK$473.4m |
| Research and development | — | — | — | — | — | — | — | HK$5.5m | — |
| Operating income | −HK$45.9m | −HK$251.6m | HK$179.4m | −HK$440.0m | HK$66.0m | −HK$172.8m | HK$243.5m | HK$630.3m | HK$325.6m |
| Net income | −HK$119.8m | −HK$227.2m | HK$102.5m | −HK$551.5m | −HK$189.0m | −HK$217.3m | HK$670.8m | HK$869.2m | HK$466.6m |
| Diluted earnings per share | -0.04 | -0.08 | 0.04 | -0.35 | -0.12 | -0.01 | 0.52 | 0.77 | 0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$9.83bn | HK$9.93bn | HK$11.64bn | HK$7.94bn | HK$9.88bn | HK$33.12bn | HK$10.78bn | HK$10.96bn | HK$7.01bn |
| Cash and short-term investments | HK$1.00bn | HK$976.1m | HK$704.1m | HK$634.1m | HK$1.09bn | HK$2.20bn | HK$1.93bn | HK$3.24bn | HK$2.31bn |
| Total liabilities | HK$3.93bn | HK$4.34bn | HK$4.54bn | HK$2.83bn | HK$3.55bn | HK$22.26bn | HK$3.82bn | HK$3.19bn | HK$1.86bn |
| Debt | HK$1.70bn | HK$1.61bn | HK$1.73bn | HK$1.41bn | HK$2.06bn | HK$13.50bn | HK$1.69bn | HK$625.9m | HK$779.6m |
| Shareholders' equity | HK$5.38bn | HK$5.09bn | HK$5.08bn | HK$4.80bn | HK$5.94bn | HK$7.97bn | HK$6.30bn | HK$7.25bn | HK$4.70bn |
| Shares outstanding | 3,366m | 2,680m | 2,680m | 1,569m | 1,569m | 31,388m | 1,291m | 1,124m | 1,089m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$234.9m | −HK$158.8m | HK$144.4m | HK$542.6m | HK$1.71bn | −HK$2.19bn | −HK$203.1m | HK$515.2m | −HK$821.8m |
| Capital spending | −HK$21.8m | −HK$12.0m | −HK$2.0m | −HK$11.8m | −HK$36.1m | −HK$46.8m | −HK$10.2m | −HK$34.9m | −HK$286.8m |
| Free cash flow | HK$213.1m | −HK$170.8m | HK$142.3m | HK$530.8m | HK$1.68bn | −HK$2.24bn | −HK$213.3m | HK$480.3m | −HK$1.11bn |
| Dividends paid | — | — | — | — | −HK$259.2m | — | −HK$131.9m | −HK$70.9m | −HK$53.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$415.7m | HK$561.6m | HK$456.5m | HK$763.5m | HK$379.4m | HK$406.4m | HK$333.9m | HK$410.9m |
| Gross profit | HK$128.9m | HK$172.1m | HK$115.7m | HK$126.4m | HK$85.2m | HK$86.1m | HK$52.5m | HK$84.3m |
| Operating income | HK$43.1m | −HK$47.1m | HK$1.3m | −HK$197.7m | −HK$120.2m | −HK$568.8m | HK$127.9m | −HK$407.2m |
| Net income | HK$13.7m | −HK$72.1m | −HK$47.7m | −HK$147.4m | −HK$79.8m | −HK$546.2m | HK$648.7m | −HK$317.9m |
| Diluted earnings per share | 0.00 | -0.02 | -0.01 | -0.06 | -0.03 | -0.20 | 0.24 | -0.20 |
| Cash from operations | — | HK$179.0m | −HK$85.0m | −HK$267.0m | HK$33.0m | −HK$10.0m | HK$154.0m | HK$211.0m |
| Capital spending | — | −HK$19.0m | −HK$2.0m | −HK$2.0m | −HK$9.0m | −HK$1.0m | — | −HK$12.0m |
| Free cash flow | — | HK$160.0m | −HK$87.0m | −HK$269.0m | HK$24.0m | −HK$11.0m | — | HK$199.0m |
| Total assets | HK$10.43bn | HK$9.83bn | HK$10.17bn | HK$9.93bn | HK$11.29bn | HK$11.64bn | HK$11.55bn | HK$7.94bn |
| Cash and short-term investments | HK$811.6m | HK$1.00bn | HK$1.23bn | HK$976.1m | HK$776.2m | HK$704.1m | HK$625.7m | HK$655.1m |
| Debt | HK$747.7m | HK$1.70bn | HK$1.79bn | HK$1.61bn | HK$1.54bn | HK$1.73bn | HK$1.31bn | HK$1.41bn |
| Shareholders' equity | HK$5.60bn | HK$5.38bn | HK$5.13bn | HK$5.09bn | HK$4.93bn | HK$5.08bn | HK$5.32bn | HK$4.80bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | -8.3% | 3.6% |
| Operating income | -52.9% | -23.3% | — |
| Net income | -39.9% | -11.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.1% | 22.1% | 20.1% | 22.8% |
| Operating margin | -13.8% | -15.0% | -8.4% | 10.5% |
| Net margin | -16.1% | -21.4% | -15.2% | 6.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -1.3 | 2.8 | -0.8 | -29.3 | -509.3 | 153.4 | 10.8 | 9.9 | 24.7 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.5 | 2.1 | 70.3 | 9.6 | 4.9 | 3.0 | 11.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.102 | 0.064 | 0.05 | 0.08 | 0.08 | 0.043 | 0.102 |
- 20-to-1 reverse split · 28 Nov 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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