Y 
0.20
+5.88%
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$178.2m
FY2017FY2026
Net income
−HK$4.4m
FY2017FY2026
Free cash flow
−HK$13.4m
FY2017FY2026
Shareholders' equity
HK$113.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$178.2m | HK$217.1m | HK$148.2m | HK$157.0m | HK$141.7m | HK$106.7m | HK$178.6m | HK$163.4m | HK$99.7m | HK$126.7m |
| Gross profit | HK$40.5m | HK$43.8m | HK$34.1m | HK$43.8m | HK$39.6m | HK$39.0m | HK$66.4m | HK$66.4m | HK$37.5m | HK$57.9m |
| Operating income | −HK$6.9m | −HK$12.4m | −HK$20.6m | −HK$5.5m | −HK$4.0m | −HK$8.4m | HK$24.4m | HK$23.3m | HK$3.6m | HK$6.0m |
| Net income | −HK$4.4m | −HK$12.5m | −HK$18.7m | −HK$3.5m | −HK$454,000 | −HK$4.4m | HK$13.7m | HK$13.9m | −HK$2.3m | −HK$2.3m |
| Diluted earnings per share | -0.01 | -0.03 | -0.05 | -0.01 | -0.00 | -0.01 | 0.04 | 0.04 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$205.3m | HK$200.4m | HK$201.7m | HK$231.1m | HK$232.8m | HK$239.1m | HK$238.2m | HK$219.3m | HK$177.4m | HK$181.0m |
| Cash and short-term investments | HK$51.5m | HK$69.5m | HK$66.9m | HK$89.3m | HK$89.7m | HK$87.4m | HK$101.4m | HK$74.0m | HK$72.0m | HK$100.9m |
| Total liabilities | HK$60.5m | HK$55.8m | HK$48.9m | HK$53.2m | HK$46.5m | HK$53.1m | HK$50.5m | HK$49.6m | HK$23.0m | HK$30.4m |
| Debt | HK$17.6m | HK$13.9m | HK$33.5m | HK$39.9m | HK$32.9m | HK$32.9m | HK$36.3m | HK$25.3m | HK$1.7m | HK$19.9m |
| Shareholders' equity | HK$113.0m | HK$115.2m | HK$122.7m | HK$142.7m | HK$149.3m | HK$148.9m | HK$150.0m | HK$137.9m | HK$127.5m | HK$128.1m |
| Shares outstanding | 455m | 456m | 380m | 380m | 380m | 380m | 380m | 380m | 380m | 380m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$2.8m | HK$11.5m | −HK$8.0m | −HK$3.8m | HK$2.0m | −HK$14.9m | HK$39.8m | −HK$15.6m | −HK$9.0m | HK$12.1m |
| Capital spending | −HK$10.6m | −HK$9.5m | −HK$1.3m | −HK$1.0m | −HK$579,000 | −HK$955,000 | −HK$1.6m | −HK$5.3m | −HK$1.4m | −HK$3.2m |
| Free cash flow | −HK$13.4m | HK$2.0m | −HK$9.3m | −HK$4.8m | HK$1.4m | −HK$15.9m | HK$38.2m | −HK$20.9m | −HK$10.4m | HK$8.8m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$23.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$69.1m | HK$109.1m | HK$112.5m | HK$104.6m | HK$52.3m | HK$81.1m | HK$40.5m | HK$67.1m |
| Gross profit | HK$17.6m | HK$22.8m | HK$18.8m | HK$25.0m | HK$12.5m | HK$15.7m | HK$7.8m | HK$16.5m |
| Operating income | −HK$6.2m | −HK$714,000 | −HK$18.6m | −HK$96,000 | −HK$48,000 | −HK$16.1m | −HK$8.1m | −HK$4.5m |
| Net income | −HK$4.9m | HK$510,000 | −HK$17.6m | HK$5.0m | HK$2.5m | −HK$13.1m | −HK$6.6m | −HK$5.5m |
| Diluted earnings per share | -0.01 | 0.00 | -0.04 | 0.01 | 0.01 | -0.03 | -0.02 | -0.01 |
| Cash from operations | −HK$11.0m | HK$11.0m | HK$11.0m | — | — | −HK$17.0m | −HK$8.0m | HK$9.0m |
| Capital spending | −HK$1.0m | −HK$1.0m | −HK$9.0m | — | — | −HK$1.0m | — | — |
| Free cash flow | −HK$12.0m | HK$10.0m | HK$2.0m | — | — | −HK$18.0m | — | — |
| Total assets | HK$205.3m | HK$230.8m | HK$200.4m | HK$209.8m | HK$209.8m | HK$201.7m | HK$201.7m | HK$203.9m |
| Cash and short-term investments | HK$51.5m | HK$79.9m | HK$69.5m | HK$60.5m | HK$63.6m | HK$66.9m | HK$69.3m | HK$78.1m |
| Debt | HK$17.0m | HK$13.6m | HK$13.9m | HK$21.4m | HK$15.5m | HK$33.5m | HK$23.0m | HK$15.6m |
| Shareholders' equity | HK$113.0m | HK$114.6m | HK$115.2m | HK$128.0m | HK$128.0m | HK$122.7m | HK$122.7m | HK$135.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 10.8% | 2.3% |
| Operating income | 8.1% | -3.8% | — |
| Net income | 7.9% | -0.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.3% | 23.2% | 25.4% | 32.1% |
| Operating margin | -4.9% | -6.5% | -6.1% | 2.6% |
| Net margin | -4.3% | -5.6% | -4.6% | 0.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.1 | -3.4 | -2.0 | -6.6 | -70.9 | -9.7 | 4.6 | 4.8 | -43.5 | -149.8 |
| Price to sales | 0.5 | 0.2 | 0.3 | 0.1 | 0.2 | 0.4 | 0.3 | 0.4 | 1.0 | 2.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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