P 
0.57
+3.64%
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$142.9m
FY2016FY2025
Net income
−HK$21.8m
FY2016FY2025
Free cash flow
−HK$18.7m
FY2016FY2025
Shareholders' equity
HK$108.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$142.9m | HK$160.7m | HK$81.5m | HK$211.6m | HK$380.1m | HK$302.5m | HK$470.7m | HK$379.0m | HK$319.8m | HK$124.4m |
| Operating income | −HK$12.4m | −HK$21.9m | −HK$22.0m | −HK$7.0m | HK$10.4m | −HK$1.3m | HK$20.4m | HK$3.8m | HK$28.2m | HK$1.2m |
| Net income | −HK$21.8m | −HK$47.3m | −HK$61.6m | −HK$44.0m | −HK$30.1m | −HK$74.9m | −HK$52.6m | −HK$10.2m | −HK$216.3m | HK$23.0m |
| Diluted earnings per share | -0.16 | -0.53 | -0.87 | -0.63 | -0.43 | -1.08 | -0.04 | -0.01 | -0.28 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$220.9m | HK$227.3m | HK$250.7m | HK$309.3m | HK$426.1m | HK$416.2m | HK$481.0m | HK$544.9m | HK$503.2m | HK$662.1m |
| Cash and short-term investments | HK$5.3m | HK$24.3m | HK$15.2m | HK$42.2m | HK$81.9m | HK$99.8m | HK$122.1m | HK$128.4m | HK$146.5m | HK$106.7m |
| Total liabilities | HK$112.8m | HK$106.9m | HK$98.1m | HK$83.4m | HK$149.7m | HK$127.8m | HK$111.2m | HK$161.0m | HK$187.6m | HK$138.9m |
| Debt | HK$9.3m | HK$5.3m | HK$13.3m | HK$717,000 | HK$1.0m | HK$2.5m | — | — | HK$33.4m | HK$74.3m |
| Shareholders' equity | HK$108.1m | HK$120.3m | HK$152.6m | HK$225.8m | HK$276.4m | HK$288.5m | HK$369.8m | HK$383.9m | HK$315.6m | HK$523.2m |
| Shares outstanding | 140m | 89m | 71m | 70m | 70m | 70m | 1,390m | 1,050m | 776m | 651m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$15.1m | −HK$1.2m | −HK$39.1m | HK$6.4m | −HK$10.8m | −HK$30.8m | −HK$23.8m | −HK$97.1m | −HK$77.0m | HK$11.8m |
| Capital spending | −HK$3.6m | −HK$5.0m | −HK$1.9m | −HK$583,000 | −HK$20,000 | −HK$59,000 | −HK$2.0m | −HK$398,100 | −HK$2.5m | −HK$1.3m |
| Free cash flow | −HK$18.7m | −HK$6.3m | −HK$41.0m | HK$5.8m | −HK$10.8m | −HK$30.8m | −HK$25.9m | −HK$97.5m | −HK$79.5m | HK$10.5m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$88.3m | HK$54.7m | HK$97.6m | HK$63.1m | HK$17.1m | HK$64.5m | HK$49.3m | HK$162.3m |
| Operating income | −HK$4.4m | −HK$8.0m | HK$1.2m | −HK$23.1m | −HK$17.0m | −HK$5.0m | −HK$23.9m | −HK$4.0m |
| Net income | −HK$5.5m | −HK$16.3m | −HK$19.6m | −HK$27.7m | −HK$52.0m | −HK$9.6m | −HK$30.5m | −HK$13.5m |
| Diluted earnings per share | -0.04 | -0.13 | -0.21 | -0.33 | -0.73 | -0.14 | -0.44 | -0.19 |
| Total assets | HK$220.9m | HK$208.8m | HK$227.3m | HK$237.1m | HK$250.7m | HK$366.3m | HK$309.3m | HK$366.0m |
| Cash and short-term investments | HK$5.3m | HK$7.5m | HK$24.3m | HK$6.3m | HK$15.2m | HK$17.5m | HK$42.2m | HK$56.1m |
| Debt | HK$8.6m | HK$989,000 | HK$4.6m | HK$4.8m | HK$12.3m | HK$44.7m | — | HK$1.5m |
| Shareholders' equity | HK$108.1m | HK$105.9m | HK$120.3m | HK$129.0m | HK$152.6m | HK$208.2m | HK$225.8m | HK$267.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.3% | -13.9% | 28.3% |
| Operating income | 20.7% | 56.3% | — |
| Net income | -20.9% | -21.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -11.3% | -10.6% | -4.2% | 0.0% |
| Net margin | -22.7% | -29.3% | -21.9% | -20.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -0.3 | -0.3 | -0.8 | -2.0 | -1.1 | -52.0 | -284.6 | -8.9 | 121.7 |
| Price to sales | 0.4 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 5.8 | 7.7 | 6.0 | 22.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 1 Mar 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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