U 
0.26
-7.27%
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$118.7m
FY2017FY2026
Net income
HK$66.7m
FY2017FY2026
Free cash flow
−HK$38.1m
FY2017FY2026
Shareholders' equity
HK$283.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$118.7m | HK$157.4m | HK$92.6m | HK$46.5m | HK$80.4m | HK$53.8m | HK$126.5m | HK$246.5m | HK$278.1m | HK$256.6m |
| Operating income | HK$17.4m | HK$27.5m | HK$4.5m | −HK$15.8m | HK$194,000 | −HK$2.3m | HK$2.1m | HK$52.1m | HK$112.3m | HK$95.1m |
| Net income | HK$66.7m | HK$35.5m | HK$8.4m | −HK$25.1m | −HK$382.1m | −HK$279.8m | −HK$107.5m | HK$44.6m | HK$125.7m | HK$74.1m |
| Diluted earnings per share | 0.02 | 0.01 | 0.00 | -0.01 | -0.16 | -0.42 | -0.16 | 0.08 | 0.23 | 0.15 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$600.8m | HK$565.9m | HK$468.4m | HK$373.6m | HK$417.8m | HK$404.9m | HK$650.6m | HK$777.6m | HK$707.6m | HK$409.8m |
| Cash and short-term investments | HK$1.6m | HK$12.4m | HK$31.9m | HK$19.5m | HK$27.6m | HK$8.2m | HK$11.9m | HK$26.4m | HK$37.0m | HK$56.0m |
| Total liabilities | HK$316.8m | HK$372.2m | HK$154.3m | HK$247.0m | HK$272.2m | HK$350.3m | HK$335.5m | HK$346.7m | HK$377.7m | HK$204.1m |
| Debt | HK$134.8m | HK$93.8m | HK$32.5m | HK$190.0m | HK$93.5m | HK$79.8m | HK$188.3m | HK$255.8m | HK$284.5m | HK$161.8m |
| Shareholders' equity | HK$283.7m | HK$193.7m | HK$321.9m | HK$137.7m | HK$158.0m | HK$62.1m | HK$320.0m | HK$431.6m | HK$333.6m | HK$205.7m |
| Shares outstanding | 3,438m | 3,444m | 3,437m | 2,831m | 2,386m | 663m | 660m | 549m | 542m | 500m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$37.9m | −HK$66.7m | −HK$64.3m | −HK$9.1m | −HK$14.0m | HK$1.5m | HK$4.5m | −HK$7.2m | −HK$13.2m | −HK$104.4m |
| Capital spending | −HK$183,000 | −HK$1.1m | −HK$335,000 | −HK$83,000 | −HK$546,000 | −HK$11,000 | −HK$574,000 | −HK$2.9m | −HK$1.2m | −HK$349,000 |
| Free cash flow | −HK$38.1m | −HK$67.8m | −HK$64.7m | −HK$9.2m | −HK$14.5m | HK$1.5m | HK$3.9m | −HK$10.1m | −HK$14.4m | −HK$104.7m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$56.6m | HK$62.1m | HK$81.3m | HK$76.1m | HK$52.4m | HK$40.2m | HK$41.0m | HK$5.6m |
| Operating income | HK$13.2m | HK$6.5m | HK$15.3m | HK$11.4m | −HK$2.0m | HK$4.9m | HK$3.3m | −HK$19.2m |
| Net income | HK$39.2m | HK$27.5m | HK$15.2m | HK$20.3m | −HK$9.7m | HK$17.7m | HK$37.2m | −HK$62.2m |
| Diluted earnings per share | 0.01 | 0.01 | 0.00 | 0.01 | -0.00 | 0.01 | 0.01 | -0.03 |
| Cash from operations | −HK$75.0m | HK$37.0m | −HK$4.0m | −HK$41.0m | −HK$38.0m | −HK$25.0m | −HK$4.0m | −HK$4.0m |
| Capital spending | — | — | −HK$1.0m | — | — | — | — | — |
| Free cash flow | — | — | −HK$5.0m | — | — | — | — | — |
| Total assets | HK$600.8m | HK$577.2m | HK$565.9m | HK$521.4m | HK$468.4m | HK$479.3m | HK$373.6m | HK$355.7m |
| Cash and short-term investments | HK$1.6m | HK$2.7m | HK$12.4m | HK$45.6m | HK$54.0m | HK$82.7m | HK$18.1m | HK$18.8m |
| Debt | HK$134.3m | HK$110.7m | HK$93.8m | HK$42.8m | HK$72.9m | HK$97.6m | HK$11.7m | HK$88.0m |
| Shareholders' equity | HK$283.7m | HK$234.3m | HK$193.7m | HK$368.5m | HK$321.9m | HK$268.7m | HK$137.7m | HK$94.5m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 14.7% | 28.7% | 19.6% | -27.6% | -440.0% | -484.9% | — | — |
| Net margin | 56.2% | 22.6% | 9.1% | -53.9% | -475.1% | -520.2% | — | — |
| Return on equity | 23.5% | 18.3% | 2.6% | -18.2% | -241.9% | -450.4% | — | — |
| Return on assets | 11.1% | 6.3% | 1.8% | -6.7% | -91.5% | -69.1% | — | — |
| Free cash flow yield | -3.9% | -6.8% | -6.6% | -1.1% | -2.0% | 0.8% | — | — |
| Revenue growth | -24.6% | 69.9% | 99.0% | -42.1% | 49.6% | -57.5% | — | — |
| Earnings growth | 87.8% | 323.7% | -133.4% | -93.4% | 36.6% | 160.2% | — | — |
| Current ratio | 1.46x | 0.92x | 2.54x | 0.99x | 1.21x | 0.73x | — | — |
| Debt to equity | 0.47x | 0.47x | 0.22x | 0.38x | 0.97x | 1.27x | — | — |
| Equity ratio | 47.2% | 34.2% | 68.7% | 36.9% | 37.8% | 15.3% | — | — |
| Interest coverage | 1.13x | 7.16x | 6.16x | -0.55x | -7.16x | -4.70x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 2.3% | 3.0% |
| Buybacks as a share of market value | 0.2% | -0.2% | -21.4% | -18.7% | -259.9% | -0.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.6% | 17.2% | -0.9% |
| Operating income | — | — | -10.0% |
| Net income | — | — | 6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.3% | 8.1% | 5.7% | 21.6% |
| Net margin | 37.0% | 20.6% | -104.9% | -25.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.2 | 28.6 | 163.9 | -61.0 | -0.9 | -0.5 | -0.2 | 1.3 | 1.4 | 2.5 |
| Price to sales | 8.0 | 6.5 | 14.8 | 32.8 | 4.5 | 2.4 | 0.2 | 0.2 | 0.7 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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