N 
0.43
-7.61%
Close of 5 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$353.7m
FY2015FY2024
Net income
−HK$103.6m
FY2015FY2024
Free cash flow
−HK$55.0m
FY2015FY2024
Shareholders' equity
HK$447.6m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$353.7m | HK$336.0m | HK$335.9m | HK$487.8m | HK$410.7m | HK$438.4m | HK$369.5m | HK$399.6m | HK$475.2m | HK$506.9m |
| Gross profit | HK$202.3m | HK$200.3m | HK$189.1m | HK$306.0m | HK$240.4m | HK$265.6m | HK$222.9m | HK$305.1m | HK$352.9m | HK$397.5m |
| Operating income | −HK$49.3m | HK$417,000 | −HK$17.8m | HK$47.9m | HK$8.4m | HK$40.2m | HK$36.1m | HK$142.4m | HK$189.5m | HK$157.8m |
| Net income | −HK$103.6m | −HK$15.1m | −HK$30.5m | HK$35.3m | HK$7.8m | HK$21.9m | HK$26.3m | HK$105.4m | HK$148.4m | HK$136.8m |
| Diluted earnings per share | -0.05 | -0.01 | -0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.05 | 0.07 | 0.07 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$772.9m | HK$872.4m | HK$872.3m | HK$930.4m | HK$832.0m | HK$757.4m | HK$679.0m | HK$777.9m | HK$822.2m | HK$888.6m |
| Cash and short-term investments | HK$116.5m | HK$166.8m | HK$168.6m | HK$193.3m | HK$162.0m | HK$145.7m | HK$181.0m | HK$288.9m | HK$428.6m | HK$502.7m |
| Total liabilities | HK$325.3m | HK$297.9m | HK$274.8m | HK$272.5m | HK$220.7m | HK$189.6m | HK$127.1m | HK$127.1m | HK$167.5m | HK$156.0m |
| Debt | HK$212.1m | HK$186.3m | HK$143.5m | HK$129.1m | HK$75.0m | HK$52.9m | — | — | — | — |
| Shareholders' equity | HK$447.6m | HK$574.5m | HK$597.5m | HK$657.9m | HK$611.2m | HK$567.8m | HK$551.9m | HK$650.7m | HK$654.7m | HK$732.6m |
| Shares outstanding | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m | 2,002m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$13.7m | HK$21.7m | HK$11.6m | HK$44.6m | HK$30.1m | HK$18.9m | HK$76.7m | HK$21.2m | HK$128.0m | HK$140.1m |
| Capital spending | −HK$41.2m | −HK$69.1m | −HK$44.3m | −HK$38.1m | −HK$73.9m | −HK$76.4m | −HK$51.8m | −HK$32.7m | −HK$19.0m | −HK$60.8m |
| Free cash flow | −HK$55.0m | −HK$47.4m | −HK$32.8m | HK$6.5m | −HK$43.7m | −HK$57.5m | HK$24.9m | −HK$11.5m | HK$108.9m | HK$79.2m |
| Dividends paid | — | — | −HK$6.0m | −HK$6.0m | — | — | −HK$96.1m | −HK$160.6m | −HK$190.6m | −HK$142.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$264.5m | HK$196.9m | HK$156.7m | HK$174.5m | HK$161.5m | HK$80.8m | HK$172.3m | HK$86.1m |
| Gross profit | HK$147.2m | HK$109.0m | HK$93.3m | HK$105.4m | HK$95.0m | HK$47.5m | HK$101.6m | HK$50.8m |
| Operating income | HK$16.2m | −HK$23.9m | −HK$24.6m | HK$4.4m | −HK$2.4m | −HK$3.6m | HK$4.7m | −HK$1.0m |
| Net income | HK$10.9m | −HK$73.2m | −HK$30.5m | −HK$5.7m | −HK$9.4m | −HK$4.7m | −HK$223,000 | −HK$112,000 |
| Diluted earnings per share | 0.01 | -0.04 | -0.02 | -0.00 | -0.00 | -0.00 | -0.00 | — |
| Cash from operations | −HK$13.0m | HK$12.0m | −HK$26.0m | — | HK$21.0m | — | HK$2.0m | — |
| Capital spending | −HK$23.0m | −HK$18.0m | −HK$22.0m | −HK$28.0m | −HK$40.0m | — | −HK$32.0m | — |
| Free cash flow | −HK$36.0m | −HK$6.0m | −HK$48.0m | — | −HK$19.0m | — | −HK$30.0m | — |
| Total assets | HK$851.7m | HK$772.9m | HK$822.6m | HK$872.4m | HK$856.3m | HK$856.3m | HK$872.3m | HK$872.3m |
| Cash and short-term investments | HK$97.2m | HK$116.5m | HK$100.9m | HK$166.8m | HK$157.1m | HK$158.9m | HK$168.6m | HK$170.3m |
| Debt | HK$142.9m | HK$137.8m | HK$11.8m | HK$14.6m | HK$17.4m | HK$17.4m | HK$24.1m | HK$107.5m |
| Shareholders' equity | HK$484.7m | HK$447.6m | HK$526.4m | HK$574.5m | HK$569.7m | HK$569.6m | HK$597.5m | HK$597.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.2% | -4.2% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.4% | 59.3% | 59.4% | 66.5% |
| Operating margin | -7.1% | -1.2% | 1.3% | 14.2% |
| Net margin | -17.2% | -7.5% | -3.6% | 8.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | -63.6 | -36.1 | 31.2 | 167.7 | 62.1 | 66.3 | 11.6 | 10.4 | 13.4 |
| Price to sales | 2.8 | 2.9 | 3.3 | 2.3 | 3.2 | 3.1 | 4.7 | 3.1 | 3.3 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jun 2022.
| FY2022 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.003 | 0.003 | 0.048 | 0.042 | 0.054 | 0.071 | 0.037 | 0.013 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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