S 
0.09
—
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$50.0m
FY2016FY2025
Net income
−HK$75.8m
FY2016FY2025
Free cash flow
HK$17.6m
FY2016FY2025
Shareholders' equity
HK$610.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$50.0m | HK$50.9m | HK$420.4m | HK$315.7m | HK$66.1m | HK$79.5m | HK$376.2m | HK$453.8m | HK$1.25bn | HK$478.4m |
| Operating income | −HK$70.3m | −HK$26.7m | −HK$5.6m | HK$13.0m | HK$3.7m | HK$10.5m | −HK$12.9m | HK$16.7m | −HK$173.7m | HK$56.5m |
| Net income | −HK$75.8m | −HK$33.7m | −HK$13.4m | HK$7.3m | −HK$6.8m | HK$15.1m | −HK$47.9m | −HK$26.5m | −HK$165.2m | HK$36.1m |
| Diluted earnings per share | -0.03 | -0.01 | -0.01 | 0.00 | -0.00 | 0.01 | -0.02 | -0.01 | -0.19 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$675.0m | HK$712.5m | HK$769.7m | HK$828.3m | HK$881.8m | HK$873.0m | HK$983.6m | HK$1.12bn | HK$1.27bn | HK$2.13bn |
| Cash and short-term investments | HK$278.6m | HK$233.7m | HK$237.3m | HK$336.6m | HK$344.9m | HK$327.5m | HK$167.1m | HK$200.6m | HK$300.9m | HK$395.7m |
| Total liabilities | HK$64.2m | HK$47.5m | HK$51.1m | HK$53.4m | HK$56.5m | HK$60.2m | HK$218.0m | HK$290.5m | HK$374.5m | HK$1.30bn |
| Debt | HK$11.4m | HK$11.4m | HK$12.3m | HK$13.2m | HK$14.6m | HK$14.8m | HK$16.2m | HK$159.6m | HK$94,000 | HK$202.6m |
| Shareholders' equity | HK$610.8m | HK$665.0m | HK$718.6m | HK$774.9m | HK$825.3m | HK$812.8m | HK$765.7m | HK$831.3m | HK$898.3m | HK$833.6m |
| Shares outstanding | 2,434m | 2,434m | 2,434m | 2,434m | 2,434m | 2,434m | 2,382m | 3,111m | 874m | 2,434m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$34.4m | HK$897,000 | HK$14.8m | −HK$14.3m | −HK$7.3m | HK$106.4m | HK$83.7m | HK$15.8m | HK$123.7m | HK$366.0m |
| Capital spending | −HK$16.8m | −HK$392,000 | −HK$4.0m | −HK$163,000 | −HK$2.0m | −HK$4.8m | −HK$4.8m | −HK$69.2m | −HK$25.8m | −HK$141.2m |
| Free cash flow | HK$17.6m | HK$505,000 | HK$10.8m | −HK$14.5m | −HK$9.3m | HK$101.6m | HK$78.9m | −HK$53.4m | HK$97.9m | HK$224.8m |
| Dividends paid | — | — | −HK$24.3m | — | — | −HK$24.3m | −HK$24.3m | −HK$24.3m | −HK$24.6m | −HK$149.4m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$22.3m | HK$27.7m | −HK$55.5m | HK$27.2m | HK$193.7m | HK$226.7m | HK$183.3m | HK$132.4m |
| Operating income | −HK$76.9m | HK$6.6m | −HK$30.7m | HK$5.4m | −HK$14.3m | HK$8.7m | HK$9.2m | HK$3.8m |
| Net income | −HK$78.1m | HK$2.2m | −HK$35.6m | HK$1.9m | −HK$19.2m | HK$5.8m | HK$6.0m | HK$1.3m |
| Diluted earnings per share | -0.03 | 0.00 | -0.01 | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | −HK$20.0m | — | −HK$20.0m | HK$14.0m | — | — | −HK$24.0m |
| Capital spending | — | — | — | — | −HK$3.0m | −HK$1.0m | −HK$1.0m | — |
| Free cash flow | — | — | — | — | HK$11.0m | — | — | — |
| Total assets | HK$675.0m | HK$741.0m | HK$712.5m | HK$752.6m | HK$769.7m | HK$777.4m | HK$828.3m | HK$847.6m |
| Cash and short-term investments | HK$278.6m | HK$206.2m | HK$233.7m | HK$211.5m | HK$237.3m | HK$277.0m | HK$336.6m | HK$298.2m |
| Debt | HK$11.4m | HK$11.6m | HK$11.4m | HK$11.8m | HK$12.3m | HK$12.3m | HK$13.2m | HK$14.3m |
| Shareholders' equity | HK$610.8m | HK$684.9m | HK$665.0m | HK$705.4m | HK$718.6m | HK$726.7m | HK$774.9m | HK$794.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -45.9% | -8.9% | -20.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -96.2% | -10.7% | -7.7% | 5.2% |
| Net margin | -108.6% | -13.8% | -10.9% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -16.8 | -14.9 | 25.3 | -52.0 | 19.4 | -6.9 | -22.3 | -1.4 | 48.5 |
| Price to sales | 7.3 | 11.2 | 0.5 | 0.6 | 5.3 | 3.7 | 0.9 | 1.3 | 0.2 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2023.
| FY2023 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.025 |
- 4-for-1 split · 25 Sept 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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