H 
0.15
—
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$666.5m
FY2016FY2025
Net income
−HK$21.0m
FY2016FY2025
Free cash flow
HK$70.5m
FY2016FY2025
Shareholders' equity
HK$426.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$666.5m | HK$895.7m | HK$960.0m | HK$895.6m | HK$674.2m | HK$751.4m | HK$672.2m | HK$385.1m | HK$217.6m | HK$151.9m |
| Gross profit | HK$267.5m | HK$413.5m | HK$505.4m | HK$549.3m | HK$334.1m | HK$379.3m | HK$335.4m | HK$203.9m | HK$122.3m | HK$91.1m |
| Operating income | −HK$16.7m | HK$27.6m | HK$65.5m | HK$176.5m | HK$92.8m | HK$94.5m | HK$83.9m | HK$54.2m | HK$29.3m | HK$24.3m |
| Net income | −HK$21.0m | HK$22.3m | −HK$5.1m | HK$100.2m | HK$70.6m | HK$65.8m | HK$61.8m | HK$45.2m | HK$23.3m | HK$4.2m |
| Diluted earnings per share | -0.01 | 0.01 | -0.00 | 0.05 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$562.3m | HK$629.9m | HK$642.4m | HK$730.0m | HK$581.6m | HK$454.2m | HK$333.3m | HK$199.9m | HK$146.9m | HK$72.0m |
| Cash and short-term investments | HK$222.7m | HK$202.9m | HK$166.0m | HK$284.3m | HK$209.6m | HK$67.3m | HK$55.7m | HK$58.6m | HK$67.9m | HK$9.2m |
| Total liabilities | HK$135.7m | HK$149.5m | HK$175.8m | HK$252.1m | HK$220.3m | HK$179.0m | HK$127.3m | HK$58.7m | HK$52.5m | HK$46.3m |
| Debt | HK$25.2m | HK$44.4m | HK$65.9m | HK$81.3m | HK$87.8m | HK$79.6m | HK$27.0m | HK$5.2m | HK$5.0m | HK$11.3m |
| Shareholders' equity | HK$426.6m | HK$480.3m | HK$466.6m | HK$477.9m | HK$361.2m | HK$275.2m | HK$206.0m | HK$141.2m | HK$94.3m | HK$25.8m |
| Shares outstanding | 2,053m | 2,054m | 2,054m | 2,059m | 2,047m | 2,047m | 2,036m | 2,011m | 1,989m | 1,600m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$75.7m | HK$70.6m | −HK$65.5m | HK$158.6m | HK$195.7m | HK$45.6m | −HK$5.5m | −HK$3.7m | HK$26.3m | HK$4.6m |
| Capital spending | −HK$5.2m | −HK$2.1m | −HK$17.1m | −HK$50.5m | −HK$16.9m | −HK$8.1m | −HK$7.8m | −HK$2.5m | −HK$3.5m | −HK$997,000 |
| Free cash flow | HK$70.5m | HK$68.4m | −HK$82.6m | HK$108.1m | HK$178.8m | HK$37.5m | −HK$13.3m | −HK$6.2m | HK$22.8m | HK$3.6m |
| Dividends paid | −HK$32.9m | — | — | — | — | −HK$4.9m | — | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$279.3m | HK$306.0m | HK$360.5m | HK$455.6m | HK$440.0m | HK$510.0m | HK$255.0m | HK$450.0m |
| Gross profit | HK$122.2m | HK$94.3m | HK$173.2m | HK$206.6m | HK$206.8m | HK$271.2m | HK$135.6m | HK$234.2m |
| Operating income | HK$817,000 | −HK$40.4m | HK$23.7m | HK$36.1m | −HK$8.6m | HK$48.6m | HK$22.3m | HK$16.9m |
| Net income | HK$6.0m | −HK$41.3m | HK$20.2m | HK$32.3m | −HK$10.0m | HK$59.6m | HK$29.8m | −HK$64.7m |
| Diluted earnings per share | 0.00 | -0.02 | 0.01 | 0.02 | -0.00 | 0.03 | 0.01 | -0.03 |
| Total assets | HK$586.0m | HK$562.3m | HK$628.2m | HK$629.9m | HK$591.3m | HK$642.4m | HK$642.4m | HK$700.6m |
| Cash and short-term investments | HK$210.3m | HK$222.7m | HK$188.0m | HK$202.9m | HK$139.7m | HK$166.0m | HK$166.0m | HK$192.4m |
| Debt | HK$7.2m | HK$14.9m | HK$21.4m | HK$26.0m | HK$33.4m | HK$45.6m | HK$45.6m | HK$72.7m |
| Shareholders' equity | HK$450.9m | HK$426.6m | HK$474.0m | HK$480.3m | HK$442.8m | HK$466.6m | HK$466.6m | HK$399.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.4% | -2.4% | 21.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.6% | 50.8% | 50.6% | 51.2% |
| Operating margin | 0.7% | 7.4% | 9.1% | 10.1% |
| Net margin | 0.1% | 2.8% | 4.8% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.6 | 19.8 | -82.3 | 8.2 | 31.6 | 24.3 | 42.2 | 25.3 | 17.9 | 40.2 |
| Price to sales | 0.6 | 0.5 | 0.4 | 0.9 | 3.3 | 2.1 | 3.9 | 3.0 | 1.9 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 9 Dec 2025.
| FY2026 | FY2025 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.004 | 0.005 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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