V 
0.49
-1.01%
Close of 9 Nov 2026, in HKD
Search any instrument
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$149.7m
FY2016FY2025
Net income
−HK$110.0m
FY2016FY2025
Free cash flow
−HK$76.2m
FY2016FY2025
Shareholders' equity
HK$168.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$149.7m | HK$129.6m | HK$66.3m | HK$89.6m | HK$139.8m | HK$114.5m | HK$158.7m | HK$203.9m | HK$325.4m | HK$368.9m |
| Gross profit | HK$4.8m | HK$9.0m | HK$11.2m | HK$14.1m | HK$38.7m | HK$25.0m | HK$32.2m | HK$42.5m | HK$95.6m | HK$94.1m |
| Operating income | −HK$100.6m | −HK$56.0m | −HK$88.2m | −HK$85.6m | −HK$51.2m | −HK$53.6m | −HK$70.2m | −HK$62.2m | −HK$15.6m | −HK$17.3m |
| Net income | −HK$110.0m | −HK$76.6m | −HK$93.7m | −HK$65.9m | −HK$46.3m | −HK$68.1m | −HK$76.7m | −HK$60.0m | −HK$15.6m | −HK$18.8m |
| Diluted earnings per share | -0.12 | -0.12 | -0.04 | -0.03 | -0.03 | -0.04 | -0.05 | -0.04 | -0.01 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$204.9m | HK$195.1m | HK$214.2m | HK$288.4m | HK$234.8m | HK$283.7m | HK$351.1m | HK$427.6m | HK$525.8m | HK$397.9m |
| Cash and short-term investments | HK$34.2m | HK$17.1m | HK$43.8m | HK$65.2m | HK$31.0m | HK$78.5m | HK$101.0m | HK$152.6m | HK$164.7m | HK$101.2m |
| Total liabilities | HK$37.8m | HK$65.0m | HK$65.5m | HK$79.1m | HK$38.6m | HK$45.3m | HK$45.9m | HK$45.2m | HK$79.4m | HK$133.7m |
| Debt | HK$15.7m | HK$26.6m | HK$43.9m | HK$31.5m | HK$8.0m | HK$5.0m | HK$8.5m | HK$1.1m | HK$699,000 | HK$54.8m |
| Shareholders' equity | HK$168.8m | HK$131.0m | HK$148.1m | HK$208.4m | HK$196.3m | HK$238.4m | HK$305.2m | HK$382.4m | HK$446.3m | HK$264.2m |
| Shares outstanding | 926m | 615m | 2,137m | 1,963m | 1,690m | 1,690m | 1,690m | 1,690m | 1,695m | 700m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$74.4m | −HK$77.7m | −HK$27.7m | −HK$81.0m | −HK$58.8m | −HK$20.7m | −HK$41.9m | −HK$13.9m | −HK$37.2m | −HK$30.0m |
| Capital spending | −HK$1.8m | −HK$1.4m | −HK$1.1m | −HK$1.5m | −HK$731,000 | −HK$731,000 | −HK$13,000 | −HK$1.1m | −HK$16.6m | −HK$587,000 |
| Free cash flow | −HK$76.2m | −HK$79.1m | −HK$28.8m | −HK$82.5m | −HK$59.5m | −HK$21.5m | −HK$41.9m | −HK$15.0m | −HK$53.7m | −HK$30.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$62.0m | HK$126.6m | HK$23.1m | HK$99.7m | HK$49.8m | HK$29.9m | HK$15.0m | HK$34.4m |
| Gross profit | HK$7.9m | HK$4.6m | HK$182,000 | HK$6.2m | HK$3.1m | HK$2.8m | HK$1.4m | HK$5.0m |
| Operating income | −HK$27.2m | −HK$59.2m | −HK$41.4m | −HK$34.7m | −HK$17.4m | −HK$21.3m | −HK$10.6m | −HK$60.6m |
| Net income | −HK$17.5m | −HK$67.4m | −HK$42.7m | −HK$48.5m | −HK$24.2m | −HK$28.2m | −HK$14.1m | −HK$72.5m |
| Diluted earnings per share | -0.02 | -0.07 | -0.05 | -0.08 | -0.04 | -0.05 | -0.02 | -0.03 |
| Cash from operations | — | −HK$48.0m | −HK$26.0m | −HK$27.0m | — | −HK$50.0m | −HK$25.0m | HK$1.0m |
| Capital spending | — | −HK$48.0m | — | −HK$1.0m | — | — | — | −HK$1.0m |
| Free cash flow | — | −HK$96.0m | — | −HK$28.0m | — | — | — | HK$0 |
| Total assets | HK$207.3m | HK$204.9m | HK$189.2m | HK$195.1m | HK$195.1m | HK$247.4m | HK$247.4m | HK$214.2m |
| Cash and short-term investments | HK$26.7m | HK$34.2m | HK$14.7m | HK$17.1m | HK$66.5m | HK$30.2m | HK$82.7m | HK$43.8m |
| Debt | HK$9.2m | HK$15.7m | HK$15.7m | HK$26.6m | HK$18.4m | HK$43.5m | HK$42.1m | HK$32.9m |
| Shareholders' equity | HK$155.7m | HK$168.8m | HK$147.7m | HK$131.0m | HK$131.0m | HK$144.2m | HK$155.2m | HK$137.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.7% | 5.5% | -8.7% |
| Operating income | 5.5% | 13.4% | — |
| Net income | 18.6% | 10.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.9% | 9.0% | 14.9% | 21.7% |
| Operating margin | -56.1% | -75.9% | -63.1% | -27.4% |
| Net margin | -66.8% | -79.6% | -66.8% | -29.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | -5.5 | -14.3 | -28.5 | -35.8 | -8.8 | -3.5 | -22.5 | -346.9 | -119.3 |
| Price to sales | 6.7 | 3.2 | 20.2 | 20.9 | 11.8 | 5.3 | 1.7 | 6.6 | 16.7 | 6.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 20 Nov 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.