H 
0.18
-4.26%
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$281.6m
FY2017FY2026
Net income
−HK$136.0m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$750.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$281.6m | HK$372.6m | HK$565.9m | HK$660.4m | HK$803.9m | HK$919.3m | HK$202.4m | HK$115.2m | HK$115.7m | HK$75.1m |
| Operating income | −HK$87.0m | −HK$23.9m | HK$49.2m | HK$4.0m | HK$46.4m | HK$39.8m | −HK$16.5m | HK$10.2m | −HK$40.6m | −HK$47.5m |
| Net income | −HK$136.0m | −HK$92.4m | −HK$31.4m | −HK$54.8m | HK$31.3m | −HK$1.6m | −HK$78.2m | −HK$15.5m | −HK$77.0m | −HK$138.9m |
| Diluted earnings per share | -0.18 | -0.12 | -0.06 | -0.13 | 0.07 | -0.00 | -0.02 | -0.01 | -0.03 | -0.06 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.19bn | HK$1.47bn | HK$1.64bn | HK$1.80bn | HK$2.03bn | HK$1.73bn | HK$1.53bn | HK$637.2m | HK$719.3m | HK$538.9m |
| Cash and short-term investments | HK$59.1m | HK$76.6m | HK$163.4m | HK$69.5m | HK$167.8m | HK$121.5m | HK$18.2m | HK$62.4m | HK$90.7m | HK$25.6m |
| Total liabilities | HK$437.9m | HK$567.6m | HK$675.6m | HK$834.5m | HK$1.07bn | HK$815.3m | HK$792.2m | HK$245.7m | HK$330.3m | HK$174.5m |
| Debt | HK$170.4m | HK$229.2m | HK$338.4m | HK$376.3m | HK$341.7m | HK$299.9m | HK$327.3m | HK$189.6m | HK$213.4m | — |
| Shareholders' equity | HK$750.7m | HK$897.9m | HK$960.4m | HK$964.3m | HK$955.5m | HK$919.2m | HK$738.3m | HK$395.2m | HK$396.3m | HK$371.3m |
| Shares outstanding | 756m | 756m | 506m | 438m | 426m | 3,499m | 3,303m | 2,399m | 2,399m | 2,379m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | HK$128.7m | HK$96.7m | −HK$66.2m | HK$78.0m | −HK$22.3m | −HK$11.7m | −HK$9.0m | −HK$291.1m | −HK$61.5m |
| Capital spending | — | −HK$11.8m | −HK$6.0m | −HK$4.7m | −HK$7.0m | −HK$7.6m | −HK$236,000 | −HK$219,000 | −HK$138,000 | −HK$575,000 |
| Free cash flow | — | HK$116.9m | HK$90.7m | −HK$71.0m | HK$71.0m | −HK$29.9m | −HK$11.9m | −HK$9.3m | −HK$291.3m | −HK$62.1m |
| Dividends paid | — | — | — | — | −HK$10.5m | −HK$10.5m | −HK$10.5m | −HK$10.5m | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$120.2m | HK$161.4m | HK$166.9m | HK$205.7m | HK$253.0m | HK$312.9m | HK$304.7m | HK$355.7m |
| Operating income | −HK$60.1m | −HK$30.8m | −HK$45.8m | −HK$15.5m | HK$9.3m | HK$14.1m | HK$16.3m | −HK$12.3m |
| Net income | −HK$94.2m | −HK$41.8m | −HK$100.5m | −HK$24.4m | −HK$27.7m | −HK$3.8m | −HK$3.4m | −HK$51.4m |
| Diluted earnings per share | -0.12 | -0.06 | -0.13 | -0.05 | -0.05 | -0.01 | -0.01 | -0.12 |
| Cash from operations | — | HK$25.0m | HK$109.0m | HK$5.0m | HK$105.0m | −HK$8.0m | −HK$39.0m | −HK$26.0m |
| Capital spending | — | — | −HK$109.0m | — | −HK$6.0m | — | — | — |
| Free cash flow | — | — | HK$0 | — | HK$99.0m | — | — | — |
| Total assets | HK$1.19bn | HK$1.33bn | HK$1.47bn | HK$1.58bn | HK$1.64bn | HK$1.73bn | HK$1.80bn | HK$1.91bn |
| Cash and short-term investments | HK$59.1m | HK$55.5m | HK$76.6m | HK$140.5m | HK$163.4m | HK$45.3m | HK$69.5m | HK$145.7m |
| Debt | HK$48.6m | HK$202.7m | HK$229.2m | HK$332.5m | HK$338.4m | HK$361.0m | HK$376.3m | HK$331.1m |
| Shareholders' equity | HK$750.7m | HK$845.5m | HK$897.9m | HK$953.9m | HK$960.4m | HK$941.3m | HK$964.3m | HK$928.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.7% | -21.1% | 2.1% |
| Operating income | — | — | 6.3% |
| Net income | 35.4% | 142.2% | -6.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.0% | -3.1% | 0.8% | -2.6% |
| Net margin | -34.9% | -16.7% | -7.9% | -20.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.0 | -1.0 | -3.7 | -1.0 | 16.6 | -41982.7 | -328.1 | -784.8 | -158.4 | -75.5 |
| Price to sales | 0.5 | 0.3 | 0.2 | 0.1 | 0.7 | 74.5 | 126.8 | 105.9 | 105.4 | 139.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Aug 2021.
| FY2022 | FY2012 | |
|---|---|---|
| Paid in the year | 0.03 | 0.30 |
- 10-to-1 reverse split · 15 Dec 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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