Y 
1.42
0.00%
Close of 30 Oct 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$576.6m
FY2015FY2024
Net income
HK$491,000
FY2015FY2024
Free cash flow
−HK$75.8m
FY2015FY2024
Shareholders' equity
HK$164.1m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$576.6m | HK$341.9m | HK$288.1m | HK$84.1m | HK$61.0m | HK$311.5m | HK$634.4m | HK$1.14bn | HK$1.44bn | HK$1.34bn |
| Gross profit | HK$29.9m | HK$10.1m | HK$13.6m | HK$3.1m | −HK$4.5m | HK$75.0m | HK$160.6m | HK$268.1m | HK$473.8m | HK$430.9m |
| Research and development | — | — | — | — | — | — | — | — | HK$45.7m | — |
| Operating income | HK$10.4m | −HK$2.4m | −HK$8.6m | −HK$26.8m | −HK$59.2m | −HK$10.1m | −HK$3.0m | HK$103.7m | HK$18.7m | HK$36.4m |
| Net income | HK$491,000 | −HK$5.0m | −HK$8.9m | −HK$27.0m | −HK$62.2m | −HK$19.8m | −HK$73.2m | HK$10.5m | HK$8.0m | HK$27.3m |
| Diluted earnings per share | 0.00 | -0.02 | -0.03 | -0.10 | -0.23 | -0.07 | -0.26 | 0.03 | 0.03 | 0.10 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$414.7m | HK$318.8m | HK$221.8m | HK$268.1m | HK$258.1m | HK$511.0m | HK$543.9m | HK$1.30bn | HK$1.32bn | HK$1.21bn |
| Cash and short-term investments | HK$66.1m | HK$120.6m | HK$43.1m | HK$103.1m | HK$115.7m | HK$204.9m | HK$187.6m | HK$113.3m | HK$130.4m | HK$124.6m |
| Total liabilities | HK$250.6m | HK$153.4m | HK$50.5m | HK$80.1m | HK$41.6m | HK$230.3m | HK$245.7m | HK$647.6m | HK$683.8m | HK$556.3m |
| Debt | HK$153.8m | HK$91.4m | HK$29.4m | HK$74.6m | HK$25.2m | HK$195.1m | HK$150.5m | HK$314.0m | HK$363.5m | HK$314.7m |
| Shareholders' equity | HK$164.1m | HK$165.3m | HK$171.4m | HK$188.0m | HK$216.5m | HK$280.7m | HK$298.2m | HK$654.2m | HK$636.9m | HK$656.0m |
| Shares outstanding | 275m | 275m | 275m | 275m | 275m | 275m | 275m | 275m | 277m | 275m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$75.8m | HK$14.0m | −HK$7.6m | −HK$66.7m | HK$78.0m | −HK$16.6m | HK$153.5m | −HK$17.4m | HK$14.2m | HK$41.1m |
| Capital spending | −HK$33,000 | −HK$65,000 | −HK$16,000 | −HK$727,000 | −HK$762,000 | −HK$434,000 | −HK$46.8m | −HK$20.4m | −HK$23.5m | −HK$15.0m |
| Free cash flow | −HK$75.8m | HK$13.9m | −HK$7.6m | −HK$67.4m | HK$77.2m | −HK$17.0m | HK$106.7m | −HK$37.8m | −HK$9.4m | HK$26.1m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$7.8m | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$152.5m | HK$357.8m | HK$218.8m | HK$235.1m | HK$106.8m | HK$53.4m | HK$175.5m | HK$87.7m |
| Gross profit | HK$5.1m | HK$23.7m | HK$6.2m | HK$8.3m | HK$1.8m | HK$898,000 | HK$8.4m | HK$4.2m |
| Operating income | −HK$536,000 | HK$10.6m | −HK$114,000 | HK$2.4m | −HK$4.7m | −HK$3.1m | −HK$9.2m | −HK$942,000 |
| Net income | −HK$2.7m | HK$804,000 | −HK$313,000 | HK$904,000 | −HK$5.9m | −HK$2.9m | −HK$8.9m | −HK$4.4m |
| Diluted earnings per share | -0.01 | 0.00 | -0.00 | 0.00 | -0.02 | -0.01 | -0.03 | -0.02 |
| Cash from operations | HK$32.0m | HK$38.0m | −HK$114.0m | HK$130.0m | −HK$116.0m | — | HK$32.0m | — |
| Total assets | HK$379.0m | HK$414.7m | HK$408.2m | HK$318.8m | HK$367.3m | HK$367.3m | HK$221.8m | HK$221.8m |
| Cash and short-term investments | HK$61.4m | HK$66.1m | HK$26.1m | HK$120.6m | HK$46.4m | HK$91.3m | HK$43.1m | HK$44.9m |
| Debt | HK$130.7m | HK$153.8m | HK$154.1m | HK$91.4m | HK$160.7m | HK$160.7m | HK$29.4m | HK$29.4m |
| Shareholders' equity | HK$163.1m | HK$164.1m | HK$164.4m | HK$165.3m | HK$163.4m | HK$163.4m | HK$171.4m | HK$171.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 90.0% | 13.1% | -7.6% |
| Operating income | — | — | -9.7% |
| Net income | — | — | -33.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.4% | 4.4% | 7.6% | 24.8% |
| Operating margin | 0.9% | -2.1% | -5.8% | 1.2% |
| Net margin | -0.5% | -3.1% | -7.4% | -1.6% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -47.7 | -18.7 | -6.7 | -4.2 | -25.0 | -7.7 | 28.3 | 27.1 | 10.2 |
| Price to sales | 0.5 | 0.7 | 0.6 | 2.1 | 4.2 | 1.6 | 0.9 | 0.3 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 May 2016.
| FY2016 | FY2012 | |
|---|---|---|
| Paid in the year | 0.028 | 0.062 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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