B 
1.59
+0.63%
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$89.3m
FY2017FY2026
Net income
−HK$37.9m
FY2017FY2026
Free cash flow
−HK$22.6m
FY2017FY2026
Shareholders' equity
HK$185.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$89.3m | HK$135.6m | HK$53.7m | HK$86.9m | HK$62.6m | HK$43.3m | HK$112.0m | HK$171.3m | HK$187.4m | HK$212.2m |
| Operating income | −HK$48.0m | −HK$2.0m | −HK$9.6m | HK$9.5m | −HK$11.1m | −HK$47.6m | −HK$272.2m | −HK$40.9m | −HK$128.8m | −HK$24.4m |
| Net income | −HK$37.9m | −HK$316,000 | −HK$7.4m | HK$8.7m | −HK$15.5m | −HK$51.8m | −HK$281.8m | −HK$42.8m | −HK$129.8m | −HK$23.9m |
| Diluted earnings per share | -0.04 | -0.00 | -0.01 | 0.01 | -0.03 | -0.16 | -1.28 | -0.25 | -0.76 | -0.14 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$264.4m | HK$290.2m | HK$196.8m | HK$99.9m | HK$82.1m | HK$91.8m | HK$158.7m | HK$277.9m | HK$254.1m | HK$313.2m |
| Cash and short-term investments | HK$43.1m | HK$47.8m | HK$37.9m | HK$41.3m | HK$23.6m | HK$24.4m | HK$34.5m | HK$28.4m | HK$54.7m | HK$105.1m |
| Total liabilities | HK$72.2m | HK$134.3m | HK$84.0m | HK$21.5m | HK$46.2m | HK$45.8m | HK$73.5m | HK$79.9m | HK$17.6m | HK$23.2m |
| Debt | HK$28.4m | HK$99.9m | HK$51.2m | HK$2.8m | HK$31.8m | HK$30.3m | HK$39.5m | HK$52.5m | — | — |
| Shareholders' equity | HK$185.2m | HK$139.3m | HK$96.3m | HK$78.3m | HK$35.9m | HK$45.9m | HK$85.1m | HK$198.0m | HK$236.5m | HK$290.1m |
| Shares outstanding | 900m | 905m | 679m | 639m | 566m | 320m | 220m | 170m | 170m | 169m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$7.2m | −HK$30.5m | −HK$6.5m | −HK$21.5m | HK$1.1m | −HK$16.2m | HK$2.3m | −HK$23.0m | HK$82.6m | −HK$86.1m |
| Capital spending | −HK$15.4m | −HK$2.4m | −HK$179,000 | −HK$26,000 | −HK$46,000 | −HK$25,000 | −HK$3.6m | −HK$1.1m | −HK$653,000 | −HK$3.5m |
| Free cash flow | −HK$22.6m | −HK$33.0m | −HK$6.6m | −HK$21.5m | HK$1.1m | −HK$16.2m | −HK$1.3m | −HK$24.0m | HK$81.9m | −HK$89.7m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$34.2m | HK$55.1m | HK$64.7m | HK$70.9m | HK$28.6m | HK$25.1m | HK$12.6m | HK$36.9m |
| Operating income | −HK$36.4m | HK$2.7m | −HK$2.8m | HK$794,000 | −HK$6.7m | −HK$3.5m | −HK$1.5m | −HK$2.2m |
| Net income | −HK$40.0m | HK$2.2m | HK$5.9m | −HK$6.2m | −HK$5.1m | −HK$2.3m | −HK$1.2m | −HK$1.5m |
| Diluted earnings per share | -0.04 | 0.00 | 0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$15.0m | HK$8.0m | −HK$22.0m | −HK$8.0m | −HK$6.0m | — | — | −HK$9.0m |
| Capital spending | −HK$15.0m | — | −HK$2.0m | — | — | — | — | — |
| Free cash flow | −HK$30.0m | — | −HK$24.0m | — | — | — | — | — |
| Total assets | HK$264.4m | HK$281.7m | HK$290.2m | HK$236.7m | HK$196.8m | HK$98.4m | HK$98.5m | HK$99.9m |
| Cash and short-term investments | HK$43.1m | HK$57.5m | HK$47.8m | HK$45.0m | HK$37.9m | HK$41.2m | HK$41.8m | HK$41.3m |
| Debt | HK$22.9m | HK$85.4m | HK$99.9m | HK$65.7m | HK$51.2m | HK$3.4m | HK$3.1m | HK$2.8m |
| Shareholders' equity | HK$185.2m | HK$140.9m | HK$139.3m | HK$86.6m | HK$96.3m | HK$75.3m | HK$75.3m | HK$78.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | 15.6% | -8.2% |
| Operating income | — | 0.2% | 16.4% |
| Net income | — | -6.1% | 13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -22.3% | -13.7% | -23.1% | -42.9% |
| Net margin | -17.0% | -10.1% | -22.1% | -43.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -36.6 | -1461.3 | -51.1 | 47.6 | -27.1 | -0.8 | -0.1 | -2.9 | -15.2 | -87.0 |
| Price to sales | 15.5 | 3.4 | 7.1 | 4.8 | 6.7 | 0.9 | 0.3 | 0.7 | 10.5 | 9.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 7 Sept 2020
- 5-for-1 split · 2 Oct 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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