0.09
+2.27%
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$319.3m
FY2017FY2026
Net income
−HK$11.6m
FY2017FY2026
Free cash flow
HK$20.6m
FY2017FY2026
Shareholders' equity
HK$282.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$319.3m | HK$194.8m | HK$116.5m | HK$323.7m | HK$427.0m | HK$390.2m | HK$515.6m | HK$434.7m | HK$282.3m | HK$341.9m |
| Gross profit | HK$17.4m | HK$3.8m | HK$4.2m | HK$4.0m | HK$32.1m | HK$39.4m | HK$77.3m | HK$65.9m | HK$42.8m | HK$43.8m |
| Operating income | −HK$16.9m | −HK$6.5m | −HK$8.2m | −HK$10.2m | HK$13.3m | HK$33.8m | HK$60.0m | HK$51.3m | HK$42.0m | HK$46.9m |
| Net income | −HK$11.6m | −HK$9.1m | −HK$6.4m | −HK$8.4m | HK$12.0m | HK$26.4m | HK$48.0m | HK$41.0m | HK$35.0m | HK$40.4m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | 0.01 | 0.03 | 0.05 | 0.04 | 0.04 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$362.2m | HK$331.4m | HK$321.9m | HK$359.1m | HK$380.6m | HK$363.6m | HK$368.1m | HK$218.3m | HK$204.7m | HK$197.7m |
| Cash and short-term investments | HK$55.3m | HK$29.2m | HK$44.4m | HK$57.3m | HK$61.2m | HK$86.4m | HK$172.2m | HK$101.2m | HK$92.5m | HK$90.9m |
| Total liabilities | HK$79.9m | HK$37.4m | HK$18.9m | HK$49.7m | HK$62.8m | HK$57.8m | HK$78.7m | HK$68.9m | HK$74.3m | HK$87.2m |
| Debt | HK$10.0m | HK$561,000 | HK$1.2m | HK$2.2m | HK$950,000 | HK$587,000 | HK$1.5m | HK$1.7m | HK$3.1m | HK$6.0m |
| Shareholders' equity | HK$282.3m | HK$293.9m | HK$303.0m | HK$309.4m | HK$317.8m | HK$305.8m | HK$289.4m | HK$149.4m | HK$130.4m | HK$110.4m |
| Shares outstanding | 979m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$36.1m | −HK$5.1m | −HK$13.1m | HK$190,000 | −HK$48.8m | −HK$37.0m | HK$5.9m | HK$41.2m | HK$19.6m | HK$61.3m |
| Capital spending | −HK$15.5m | −HK$7.3m | −HK$9,000 | −HK$4.9m | −HK$3.0m | −HK$45.8m | −HK$14.4m | −HK$8.3m | −HK$18,000 | −HK$3.0m |
| Free cash flow | HK$20.6m | −HK$12.4m | −HK$13.1m | −HK$4.7m | −HK$51.8m | −HK$82.8m | −HK$8.5m | HK$32.9m | HK$19.5m | HK$58.3m |
| Dividends paid | — | — | — | — | — | −HK$10.0m | −HK$20.0m | −HK$20.0m | −HK$15.0m | −HK$31.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$186.5m | HK$132.9m | HK$105.0m | HK$89.7m | HK$49.3m | HK$67.2m | HK$183.3m | HK$140.5m |
| Gross profit | HK$14.6m | HK$2.7m | HK$493,000 | HK$2.6m | HK$2.8m | HK$611,000 | −HK$7.3m | HK$9.8m |
| Operating income | −HK$2.7m | −HK$14.1m | −HK$12.4m | −HK$7.8m | HK$567,000 | −HK$8.9m | −HK$18.2m | −HK$790,000 |
| Net income | HK$2.1m | −HK$13.7m | −HK$192,000 | −HK$8.9m | HK$562,000 | −HK$6.9m | −HK$10.8m | HK$2.4m |
| Diluted earnings per share | 0.00 | -0.01 | -0.00 | -0.01 | 0.00 | -0.01 | -0.01 | 0.00 |
| Cash from operations | −HK$5.0m | HK$5.0m | HK$5.0m | −HK$10.0m | HK$1.0m | −HK$14.0m | HK$26.0m | −HK$26.0m |
| Capital spending | −HK$6.0m | −HK$6.0m | −HK$1.0m | −HK$5.0m | — | — | −HK$2.0m | −HK$2.0m |
| Free cash flow | −HK$11.0m | −HK$1.0m | HK$4.0m | −HK$15.0m | — | — | HK$24.0m | −HK$28.0m |
| Total assets | HK$362.2m | HK$335.2m | HK$331.4m | HK$320.4m | HK$321.9m | HK$326.8m | HK$359.1m | HK$356.6m |
| Cash and short-term investments | HK$55.3m | HK$38.5m | HK$29.2m | HK$25.4m | HK$42.7m | HK$46.4m | HK$57.3m | HK$33.4m |
| Debt | HK$3.7m | HK$6.6m | HK$561,000 | HK$677,000 | HK$1.2m | HK$1.9m | HK$2.2m | HK$1.5m |
| Shareholders' equity | HK$282.3m | HK$280.2m | HK$293.9m | HK$294.1m | HK$303.0m | HK$302.5m | HK$309.4m | HK$320.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | -3.9% | 1.0% |
| Operating income | 18.3% | — | — |
| Net income | 11.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.1% | 3.1% | 5.7% | 9.7% |
| Operating margin | -4.6% | -4.4% | 0.3% | 6.2% |
| Net margin | -4.0% | -3.7% | 0.2% | 5.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -6.6 | -7.2 | -7.5 | 6.8 | 4.8 | 1.6 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 0.3 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Sept 2020.
| FY2021 | |
|---|---|
| Paid in the year | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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