C 
0.37
—
Close of 26 Oct 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$364.5m
FY2016FY2025
Net income
HK$26.4m
FY2016FY2025
Free cash flow
HK$32.9m
FY2016FY2025
Shareholders' equity
HK$442.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$364.5m | HK$401.3m | HK$454.3m | HK$533.8m | HK$862.0m | HK$717.2m | HK$685.1m | HK$671.6m | HK$455.8m | HK$358.9m |
| Gross profit | HK$59.6m | HK$62.2m | HK$58.5m | HK$71.4m | HK$162.7m | HK$133.3m | HK$146.7m | HK$199.6m | HK$117.1m | HK$101.5m |
| Operating income | −HK$35.7m | −HK$13.3m | −HK$30.8m | −HK$33.2m | HK$15.4m | HK$26.7m | HK$5.4m | HK$71.0m | HK$43.4m | HK$27.9m |
| Net income | HK$26.4m | −HK$14.9m | −HK$21.2m | −HK$18.8m | −HK$1.1m | HK$9.5m | −HK$1.7m | HK$47.0m | HK$33.5m | HK$20.7m |
| Diluted earnings per share | 0.08 | -0.05 | -0.07 | -0.07 | -0.00 | 0.03 | -0.01 | 0.16 | 0.12 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$675.7m | HK$619.9m | HK$683.2m | HK$834.2m | HK$903.5m | HK$884.3m | HK$799.4m | HK$668.0m | HK$617.7m | HK$373.1m |
| Cash and short-term investments | HK$123.5m | HK$82.6m | HK$97.1m | HK$172.8m | HK$215.3m | HK$257.4m | HK$268.2m | HK$182.1m | HK$233.8m | HK$83.1m |
| Total liabilities | HK$229.2m | HK$220.8m | HK$265.2m | HK$328.6m | HK$381.5m | HK$437.8m | HK$352.2m | HK$217.3m | HK$203.5m | HK$174.1m |
| Debt | HK$98.1m | HK$97.5m | HK$118.8m | HK$147.3m | HK$183.8m | HK$137.2m | HK$179.6m | HK$54.2m | HK$35.4m | HK$306,000 |
| Shareholders' equity | HK$442.0m | HK$396.4m | HK$415.8m | HK$438.2m | HK$468.9m | HK$446.5m | HK$413.6m | HK$421.9m | HK$397.4m | HK$199.3m |
| Shares outstanding | 345m | 288m | 288m | 288m | 288m | 288m | 288m | 290m | 286m | 193m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$34.4m | HK$16.6m | −HK$15.2m | HK$148,000 | −HK$4.2m | HK$80.0m | HK$30.2m | −HK$36.4m | HK$24.6m | HK$28.2m |
| Capital spending | −HK$1.5m | −HK$2.9m | −HK$4.3m | −HK$10.9m | −HK$18.6m | −HK$6.9m | −HK$21.8m | −HK$14.6m | −HK$14.7m | −HK$2.3m |
| Free cash flow | HK$32.9m | HK$13.7m | −HK$19.5m | −HK$10.7m | −HK$22.7m | HK$73.1m | HK$8.4m | −HK$51.0m | HK$9.9m | HK$25.9m |
| Dividends paid | — | — | — | — | — | — | −HK$5.8m | −HK$20.2m | −HK$8.3m | −HK$3.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$145.4m | HK$182.6m | HK$182.0m | HK$194.9m | HK$97.5m | HK$206.4m | HK$103.2m | HK$154.1m |
| Gross profit | HK$24.4m | HK$22.3m | HK$37.3m | HK$32.4m | HK$16.2m | HK$29.9m | HK$14.9m | HK$10.8m |
| Operating income | −HK$8.4m | −HK$37.0m | HK$1.3m | −HK$3.0m | −HK$1.5m | −HK$10.3m | −HK$5.1m | −HK$25.5m |
| Net income | −HK$13.2m | −HK$24.4m | HK$50.8m | −HK$2.7m | −HK$1.3m | −HK$12.2m | −HK$6.1m | −HK$17.6m |
| Diluted earnings per share | -0.03 | -0.07 | 0.15 | -0.01 | -0.00 | -0.04 | -0.02 | -0.06 |
| Cash from operations | HK$4.0m | HK$20.0m | HK$26.0m | HK$16.0m | — | HK$6.0m | HK$3.0m | HK$12.0m |
| Capital spending | — | — | — | −HK$1.0m | — | — | — | −HK$3.0m |
| Free cash flow | — | — | — | HK$15.0m | — | — | — | HK$9.0m |
| Total assets | HK$643.2m | HK$675.7m | HK$703.8m | HK$619.9m | HK$619.9m | HK$635.2m | HK$635.2m | HK$683.2m |
| Cash and short-term investments | HK$122.3m | HK$123.5m | HK$108.5m | HK$82.6m | HK$82.6m | HK$86.3m | HK$86.3m | HK$97.1m |
| Debt | HK$89.1m | HK$98.1m | HK$108.7m | HK$97.5m | HK$95.0m | HK$111.4m | HK$105.1m | HK$118.8m |
| Shareholders' equity | HK$434.1m | HK$442.0m | HK$463.4m | HK$396.4m | HK$396.4m | HK$400.3m | HK$400.3m | HK$415.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.9% | -12.7% | 0.3% |
| Operating income | 2.4% | — | — |
| Net income | — | 22.7% | -0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.9% | 14.4% | 16.4% | 20.7% |
| Operating margin | -6.4% | -6.4% | -2.1% | 1.9% |
| Net margin | 1.5% | -1.6% | -0.6% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.4 | -6.8 | -6.4 | -6.6 | -130.1 | 11.6 | -139.6 | 8.2 | 11.5 | 15.7 |
| Price to sales | 0.6 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.3 | 0.6 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.07 | 0.03 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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