M 
0.52
-1.90%
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$52.8m
FY2017FY2026
Net income
−HK$1.9m
FY2017FY2026
Free cash flow
−HK$5.3m
FY2017FY2026
Shareholders' equity
HK$107.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$52.8m | HK$58.0m | HK$63.0m | HK$74.4m | HK$107.8m | HK$114.6m | HK$155.2m | HK$171.0m | HK$217.2m | HK$203.9m |
| Operating income | −HK$3.3m | −HK$13.3m | −HK$15.1m | −HK$15.9m | −HK$4.2m | −HK$4.3m | −HK$30.9m | HK$346,000 | HK$9.6m | HK$10.5m |
| Net income | −HK$1.9m | −HK$13.4m | −HK$15.7m | −HK$16.6m | −HK$8.7m | −HK$5.0m | −HK$32.4m | −HK$993,000 | HK$6.6m | −HK$2.5m |
| Diluted earnings per share | -0.00 | -0.02 | -0.03 | -0.04 | -0.02 | -0.02 | -0.10 | -0.00 | 0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$132.2m | HK$117.8m | HK$135.9m | HK$132.4m | HK$173.3m | HK$174.7m | HK$197.2m | HK$176.3m | HK$142.8m | HK$139.7m |
| Cash and short-term investments | HK$4.9m | HK$11.5m | HK$26.4m | HK$5.9m | HK$7.2m | HK$6.9m | HK$5.7m | HK$8.9m | HK$19.4m | HK$11.6m |
| Total liabilities | HK$24.4m | HK$8.2m | HK$13.0m | HK$22.5m | HK$46.9m | HK$39.5m | HK$57.0m | HK$37.4m | HK$38.5m | HK$42.0m |
| Debt | HK$685,000 | HK$1.2m | HK$4.8m | HK$12.1m | HK$23.6m | HK$14.1m | HK$40.2m | HK$17.7m | HK$29.0m | HK$28.7m |
| Shareholders' equity | HK$107.8m | HK$109.6m | HK$123.0m | HK$109.8m | HK$126.4m | HK$135.1m | HK$140.2m | HK$138.9m | HK$104.4m | HK$97.7m |
| Shares outstanding | 554m | 554m | 554m | 459m | 441m | 333m | 333m | 325m | 274m | 240m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$5.3m | −HK$12.5m | HK$1.3m | HK$20.2m | −HK$3.5m | HK$20.1m | −HK$8.2m | HK$13.3m | HK$6.0m | HK$13.4m |
| Capital spending | — | −HK$494,000 | −HK$161,000 | −HK$2.4m | −HK$36,000 | −HK$364,000 | −HK$755,000 | −HK$8.7m | −HK$916,000 | −HK$4.6m |
| Free cash flow | −HK$5.3m | −HK$13.0m | HK$1.1m | HK$17.8m | −HK$3.5m | HK$19.8m | −HK$8.9m | HK$4.6m | HK$5.1m | HK$8.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.7m | HK$25.0m | HK$21.8m | HK$36.2m | HK$18.1m | HK$33.5m | HK$16.8m | HK$29.5m |
| Operating income | −HK$1.3m | −HK$2.0m | −HK$5.8m | −HK$7.5m | −HK$3.7m | −HK$10.5m | −HK$5.0m | −HK$6.6m |
| Net income | HK$144,000 | −HK$2.0m | −HK$5.9m | −HK$7.5m | −HK$3.7m | −HK$11.0m | −HK$5.5m | −HK$4.7m |
| Diluted earnings per share | 0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 |
| Cash from operations | HK$4.0m | −HK$9.0m | −HK$3.0m | −HK$8.0m | −HK$4.0m | −HK$2.0m | −HK$1.0m | HK$3.0m |
| Total assets | HK$132.2m | HK$117.7m | HK$117.8m | HK$126.0m | HK$126.0m | HK$135.9m | HK$135.9m | HK$124.7m |
| Cash and short-term investments | HK$4.9m | HK$1.6m | HK$11.5m | HK$17.6m | HK$17.6m | HK$26.4m | HK$26.4m | HK$6.4m |
| Debt | HK$630,000 | HK$509,000 | HK$1.2m | HK$2.1m | HK$735,000 | HK$4.8m | HK$3.5m | HK$6.1m |
| Shareholders' equity | HK$107.8m | HK$107.6m | HK$109.6m | HK$115.5m | HK$115.5m | HK$123.0m | HK$123.0m | HK$105.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | -14.4% | -13.5% |
| Operating income | -40.7% | -5.3% | — |
| Net income | -51.8% | -18.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.0% | -19.2% | -11.9% | -3.9% |
| Net margin | -13.7% | -19.1% | -13.0% | -5.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -157.1 | -16.2 | -8.7 | -5.7 | -14.4 | -22.7 | -3.3 | -180.4 | 24.2 | -118.4 |
| Price to sales | 5.5 | 3.7 | 2.1 | 1.3 | 1.2 | 1.0 | 0.7 | 1.1 | 0.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Mar 2016.
| FY2016 | FY2015 | |
|---|---|---|
| Paid in the year | 0.079 | 0.112 |
- 10-to-1 reverse split · 31 Jan 2024
- 5-for-2 split · 28 Jun 2016
- 8-for-1 split · 15 Jan 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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