C 
5.45
+8.57%
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$360.4m
FY2017FY2026
Net income
−HK$99.9m
FY2017FY2026
Free cash flow
−HK$871,000
FY2017FY2026
Shareholders' equity
−HK$1.18bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$360.4m | HK$367.0m | HK$364.0m | HK$360.3m | HK$453.1m | HK$478.3m | HK$391.8m | HK$632.9m | HK$801.5m | HK$770.7m |
| Gross profit | HK$115.0m | HK$89.1m | HK$55.4m | HK$19.9m | HK$62.7m | HK$167.7m | HK$67.8m | HK$158.7m | HK$222.3m | HK$267.1m |
| Research and development | HK$9.0m | HK$8.2m | HK$14.9m | HK$262.6m | HK$11.7m | HK$10.8m | HK$19.4m | HK$18.0m | HK$17.8m | HK$6.1m |
| Operating income | HK$24.1m | HK$13.0m | −HK$66.1m | −HK$750.7m | −HK$681.3m | HK$62.2m | −HK$115.0m | HK$14.1m | HK$77.7m | HK$161.7m |
| Net income | −HK$99.9m | −HK$33.0m | −HK$170.7m | −HK$1.03bn | −HK$1.05bn | HK$83.1m | HK$105.2m | HK$58.4m | HK$20.8m | HK$94.8m |
| Diluted earnings per share | -8.45 | -2.80 | -1.44 | -8.74 | -8.88 | 0.08 | 0.11 | 0.06 | 0.02 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$416.5m | HK$427.8m | HK$407.9m | HK$562.5m | HK$1.18bn | HK$2.21bn | HK$1.93bn | HK$1.67bn | HK$1.66bn | HK$1.44bn |
| Cash and short-term investments | HK$22.8m | HK$13.6m | HK$12.4m | HK$37.0m | HK$21.8m | HK$56.8m | HK$53.5m | HK$54.3m | HK$413.1m | HK$139.3m |
| Total liabilities | HK$1.59bn | HK$1.52bn | HK$1.45bn | HK$1.45bn | HK$1.04bn | HK$1.04bn | HK$989.7m | HK$786.2m | HK$752.9m | HK$441.5m |
| Debt | HK$1.07bn | HK$1.07bn | HK$1.06bn | HK$1.10bn | HK$743.2m | HK$437.0m | HK$657.8m | HK$538.1m | HK$471.3m | HK$94.5m |
| Shareholders' equity | −HK$1.18bn | −HK$1.07bn | −HK$1.04bn | −HK$876.8m | HK$149.4m | HK$1.17bn | HK$932.6m | HK$882.2m | HK$911.0m | HK$971.9m |
| Shares outstanding | 12m | 12m | 118m | 118m | 118m | 1,072m | 964m | 920m | 920m | 920m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$1.6m | HK$35.6m | HK$89.5m | −HK$251.3m | −HK$3.5m | HK$107.8m | HK$78.4m | HK$252.0m | HK$247.5m | −HK$122.3m |
| Capital spending | −HK$2.5m | −HK$837,000 | −HK$1.7m | −HK$2.4m | −HK$15.9m | −HK$2.0m | −HK$57.6m | −HK$539.1m | −HK$67.6m | −HK$32.1m |
| Free cash flow | −HK$871,000 | HK$34.8m | HK$87.8m | −HK$253.7m | −HK$19.4m | HK$105.8m | HK$20.9m | −HK$287.1m | HK$179.9m | −HK$154.4m |
| Dividends paid | — | — | — | — | — | — | −HK$21.2m | −HK$21.2m | −HK$18.4m | −HK$8.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$195.5m | HK$164.9m | HK$174.3m | HK$192.6m | HK$188.4m | HK$175.6m | HK$167.1m | HK$193.2m |
| Gross profit | HK$83.7m | HK$37.4m | HK$47.9m | HK$41.2m | HK$33.3m | HK$18.9m | −HK$31.2m | HK$33.5m |
| Operating income | HK$38.2m | −HK$13.8m | −HK$2.6m | HK$6.2m | −HK$30.0m | −HK$36.9m | −HK$517.5m | −HK$233.3m |
| Net income | −HK$33.7m | −HK$66.2m | −HK$31.2m | −HK$1.9m | −HK$90.1m | −HK$80.6m | −HK$761.8m | −HK$271.8m |
| Diluted earnings per share | -2.85 | -5.60 | -2.64 | -0.02 | -0.76 | -0.68 | -6.44 | -2.30 |
| Cash from operations | HK$8.0m | −HK$6.0m | −HK$17.0m | HK$37.0m | HK$66.0m | HK$23.0m | −HK$138.0m | −HK$115.0m |
| Capital spending | −HK$1.0m | — | — | — | — | −HK$1.0m | −HK$5.0m | −HK$1.0m |
| Free cash flow | HK$7.0m | — | — | — | — | HK$22.0m | −HK$143.0m | −HK$116.0m |
| Total assets | HK$416.5m | HK$413.0m | HK$427.8m | HK$333.3m | HK$407.9m | HK$473.9m | HK$562.5m | HK$1.05bn |
| Cash and short-term investments | HK$22.8m | HK$13.0m | HK$13.6m | HK$28.8m | HK$12.4m | HK$26.6m | HK$37.0m | HK$29.8m |
| Debt | HK$983.7m | HK$1.08bn | HK$1.07bn | HK$957.3m | HK$1.06bn | HK$1.06bn | HK$1.10bn | HK$826.8m |
| Shareholders' equity | −HK$1.18bn | −HK$1.14bn | −HK$1.07bn | −HK$1.04bn | −HK$1.04bn | −HK$952.4m | −HK$876.8m | −HK$108.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.0% | -5.5% | -4.0% |
| Operating income | — | -17.3% | -13.3% |
| Net income | -54.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.1% | 19.2% | 21.4% | 25.2% |
| Operating margin | 5.1% | -53.7% | -58.7% | -21.0% |
| Net margin | -18.3% | -92.1% | -96.7% | -34.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.0 | -0.0 | — | -0.0 | 2.2 | 1.9 | 3.0 | 10.4 | 2.5 |
| Price to sales | 0.2 | — | 0.0 | 0.0 | 0.0 | 0.4 | 0.5 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Aug 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|
| Paid in the year | 0.23 | 0.23 | 0.20 | 0.10 |
- 2-for-1 split · 18 Dec 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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