C 
0.37
+5.71%
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$578.0m
FY2015FY2024
Net income
−HK$396.0m
FY2015FY2024
Free cash flow
−HK$145.0m
FY2015FY2024
Shareholders' equity
HK$672.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$578.0m | HK$765.0m | HK$812.0m | HK$731.0m | HK$505.0m | HK$1.01bn | HK$919.0m | HK$585.0m | HK$895.0m | HK$608.0m |
| Gross profit | HK$132.0m | HK$172.0m | HK$103.0m | HK$121.0m | HK$54.0m | HK$179.0m | HK$149.0m | HK$72.0m | HK$600.0m | HK$355.0m |
| Operating income | −HK$256.0m | −HK$367.0m | −HK$410.0m | −HK$119.0m | −HK$172.0m | −HK$129.0m | −HK$140.0m | −HK$93.0m | HK$332.0m | HK$223.0m |
| Net income | −HK$396.0m | −HK$577.0m | −HK$465.0m | −HK$517.0m | −HK$689.0m | −HK$141.0m | HK$34.0m | HK$181.0m | HK$303.0m | HK$369.0m |
| Diluted earnings per share | -2.46 | -4.33 | -5.32 | -5.92 | -7.89 | -1.61 | 0.27 | 1.51 | 3.41 | 4.43 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.79bn | HK$2.84bn | HK$3.34bn | HK$4.05bn | HK$4.48bn | HK$5.45bn | HK$5.25bn | HK$5.22bn | HK$4.97bn | HK$4.03bn |
| Cash and short-term investments | HK$130.0m | HK$132.0m | HK$119.0m | HK$393.0m | HK$673.0m | HK$780.0m | HK$476.0m | HK$193.0m | HK$241.0m | HK$1.45bn |
| Total liabilities | HK$2.11bn | HK$2.11bn | HK$2.17bn | HK$2.43bn | HK$2.34bn | HK$2.64bn | HK$2.29bn | HK$1.89bn | HK$1.79bn | HK$1.17bn |
| Debt | HK$1.57bn | HK$1.56bn | HK$1.74bn | HK$2.02bn | HK$1.97bn | HK$1.98bn | HK$1.83bn | HK$1.63bn | HK$1.52bn | HK$970.0m |
| Shareholders' equity | HK$672.0m | HK$731.0m | HK$1.17bn | HK$1.62bn | HK$2.14bn | HK$2.81bn | HK$2.96bn | HK$3.33bn | HK$3.18bn | HK$2.87bn |
| Shares outstanding | 160m | 133m | 87m | 87m | 87m | 87m | 122m | 120m | 89m | 83m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$140.0m | −HK$38.0m | HK$1.0m | −HK$23.0m | −HK$66.0m | −HK$138.0m | HK$65.0m | −HK$95.0m | HK$48.0m | HK$270.0m |
| Capital spending | −HK$5.0m | −HK$34.0m | −HK$21.0m | −HK$42.0m | −HK$14.0m | −HK$68.0m | −HK$209.0m | −HK$103.0m | −HK$148.0m | −HK$72.0m |
| Free cash flow | −HK$145.0m | −HK$72.0m | −HK$20.0m | −HK$65.0m | −HK$80.0m | −HK$206.0m | −HK$144.0m | −HK$198.0m | −HK$100.0m | HK$198.0m |
| Dividends paid | — | — | — | — | — | — | −HK$61.0m | −HK$62.0m | −HK$60.0m | −HK$54.0m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$258.0m | HK$258.0m | HK$320.0m | HK$323.0m | HK$442.0m | HK$418.0m | HK$394.0m | HK$449.0m |
| Gross profit | HK$53.0m | HK$59.0m | HK$73.0m | HK$85.0m | HK$87.0m | HK$38.0m | HK$65.0m | HK$74.0m |
| Operating income | −HK$153.0m | −HK$156.0m | −HK$110.0m | −HK$411.0m | −HK$44.0m | −HK$402.0m | HK$13.0m | −HK$56.0m |
| Net income | −HK$210.0m | −HK$230.0m | −HK$166.0m | −HK$478.0m | −HK$99.0m | −HK$448.0m | −HK$17.0m | −HK$435.0m |
| Diluted earnings per share | -1.31 | -1.43 | -1.03 | -2.97 | -0.93 | -5.13 | -0.19 | -4.98 |
| Cash from operations | −HK$87.0m | −HK$128.0m | −HK$12.0m | −HK$88.0m | HK$50.0m | −HK$13.0m | HK$14.0m | −HK$17.0m |
| Capital spending | −HK$8.0m | — | −HK$5.0m | −HK$16.0m | −HK$18.0m | −HK$17.0m | −HK$4.0m | −HK$42.0m |
| Free cash flow | −HK$95.0m | — | −HK$17.0m | −HK$104.0m | HK$32.0m | −HK$30.0m | HK$10.0m | −HK$59.0m |
| Total assets | HK$2.63bn | HK$2.79bn | HK$2.96bn | HK$2.84bn | HK$3.34bn | HK$3.34bn | HK$4.03bn | HK$4.05bn |
| Cash and short-term investments | HK$97.0m | HK$130.0m | HK$109.0m | HK$132.0m | HK$127.0m | HK$119.0m | HK$359.0m | HK$393.0m |
| Debt | HK$13.0m | HK$14.0m | HK$765.0m | HK$876.0m | HK$1.17bn | HK$1.34bn | HK$1.49bn | HK$517.0m |
| Shareholders' equity | HK$462.0m | HK$672.0m | HK$888.0m | HK$731.0m | HK$1.21bn | HK$1.17bn | HK$1.61bn | HK$1.62bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.5% | -10.5% | 11.3% |
| Operating income | 29.1% | 14.7% | 7.2% |
| Net income | -8.5% | 22.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.6% | 18.3% | 17.3% | 25.1% |
| Operating margin | -46.4% | -39.9% | -33.0% | -16.6% |
| Net margin | -72.4% | -67.7% | -63.3% | -20.3% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.1 | -0.0 | -0.0 | -0.0 | -0.3 | 2.5 | 0.7 | 0.3 | 0.3 |
| Price to sales | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Sept 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.07 | 0.07 | 0.065 | 0.065 | 0.165 | 0.065 | 0.065 |
- 10-to-1 reverse split · 27 Feb 2026
- 10-to-1 reverse split · 30 Nov 2001
- 1.975-for-1 split · 22 Nov 2001
- 5-to-1 reverse split · 13 Jul 1998
- 5-for-4 split · 19 Jun 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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