S 
0.77
0.00%
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$36.8m
FY2017FY2026
Net income
−HK$42.3m
FY2017FY2026
Free cash flow
−HK$1.7m
FY2017FY2026
Shareholders' equity
HK$85.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$36.8m | HK$116.9m | HK$62.6m | HK$60.5m | HK$114.2m | HK$90.3m | HK$73.2m | HK$79.3m | HK$84.8m | HK$144.7m |
| Research and development | HK$2.9m | HK$3.9m | HK$2.6m | HK$4.2m | HK$4.0m | HK$4.2m | HK$17.9m | HK$8.7m | HK$72.7m | HK$36.0m |
| Operating income | −HK$23.0m | −HK$33.5m | −HK$11.9m | −HK$41.2m | −HK$85.3m | −HK$21.6m | −HK$32.5m | −HK$37.9m | −HK$130.3m | −HK$102.6m |
| Net income | −HK$42.3m | −HK$32.5m | −HK$17.8m | −HK$41.0m | −HK$109.7m | −HK$15.1m | −HK$36.2m | −HK$57.2m | −HK$295.7m | −HK$196.7m |
| Diluted earnings per share | -0.08 | -0.07 | -0.05 | -0.14 | -0.44 | -0.01 | -0.18 | -0.07 | -0.36 | -0.29 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$132.2m | HK$221.4m | HK$223.1m | HK$226.0m | HK$271.5m | HK$309.7m | HK$296.3m | HK$305.5m | HK$559.1m | HK$957.8m |
| Cash and short-term investments | HK$19.5m | HK$11.0m | HK$33.4m | HK$2.3m | HK$8.0m | HK$4.2m | HK$46.3m | HK$23.0m | HK$6.9m | HK$32.4m |
| Total liabilities | HK$49.1m | HK$113.7m | HK$106.9m | HK$157.7m | HK$166.0m | HK$153.5m | HK$123.1m | HK$166.2m | HK$713.5m | HK$676.9m |
| Debt | HK$508,000 | HK$43.9m | HK$51.2m | HK$68.2m | HK$81.5m | HK$72.0m | HK$73.0m | HK$110.6m | HK$413.5m | HK$577.9m |
| Shareholders' equity | HK$85.7m | HK$108.0m | HK$113.2m | HK$69.1m | HK$102.9m | HK$156.2m | HK$165.6m | HK$131.4m | −HK$166.1m | HK$266.3m |
| Shares outstanding | 506m | 449m | 365m | 290m | 250m | 1,194m | 206m | 822m | 822m | 670m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.7m | −HK$38.2m | −HK$17.5m | −HK$6.0m | −HK$11.2m | −HK$11.2m | −HK$21.5m | −HK$38.4m | −HK$5.4m | −HK$14.5m |
| Capital spending | — | −HK$319,000 | −HK$25,000 | −HK$223,000 | −HK$10.7m | −HK$3.3m | −HK$2.1m | −HK$1.2m | −HK$6.6m | −HK$34.2m |
| Free cash flow | −HK$1.7m | −HK$38.5m | −HK$17.5m | −HK$6.2m | −HK$21.9m | −HK$14.5m | −HK$23.5m | −HK$39.6m | −HK$12.0m | −HK$48.7m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.5m | HK$9.3m | HK$40.8m | HK$76.1m | HK$45.5m | HK$17.1m | HK$41.2m | HK$19.3m |
| Operating income | −HK$8.2m | −HK$14.9m | −HK$11.4m | −HK$13.8m | −HK$3.9m | −HK$10.5m | −HK$30.4m | −HK$10.8m |
| Net income | −HK$30.0m | −HK$12.4m | −HK$19.2m | −HK$13.3m | −HK$9.0m | −HK$8.8m | −HK$32.9m | −HK$8.1m |
| Diluted earnings per share | -0.06 | -0.03 | -0.04 | -0.04 | -0.02 | -0.03 | -0.11 | -0.03 |
| Cash from operations | HK$7.0m | −HK$9.0m | −HK$13.0m | −HK$26.0m | HK$5.0m | −HK$24.0m | HK$2.0m | −HK$8.0m |
| Total assets | HK$132.2m | HK$174.2m | HK$221.4m | HK$218.3m | HK$223.1m | HK$221.5m | HK$226.0m | HK$233.6m |
| Cash and short-term investments | HK$19.5m | HK$3.7m | HK$11.0m | HK$33.0m | HK$33.4m | HK$12.8m | HK$2.3m | HK$9.7m |
| Debt | HK$508,000 | HK$1.2m | HK$43.9m | HK$43.8m | HK$51.2m | HK$57.2m | HK$68.2m | HK$66.9m |
| Shareholders' equity | HK$85.7m | HK$102.2m | HK$108.0m | HK$105.1m | HK$113.2m | HK$98.9m | HK$69.1m | HK$95.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.3% | -16.4% | -10.1% |
| Operating income | -17.7% | 1.3% | -18.7% |
| Net income | 1.1% | 22.8% | -21.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -36.7% | -39.6% | -45.0% | -72.4% |
| Net margin | -48.7% | -48.3% | -53.7% | -135.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.3 | -2.5 | -9.6 | -1.9 | -1.3 | -78.5 | -6.7 | -28.4 | -5.6 | -8.4 |
| Price to sales | 10.7 | 0.7 | 2.7 | 1.3 | 1.2 | 13.2 | 3.3 | 20.5 | 19.4 | 11.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Aug 2014.
| FY2015 | FY2014 | FY2013 | |
|---|---|---|---|
| Paid in the year | 0.114 | 0.429 | 0.572 |
- 5-to-1 reverse split · 22 Dec 2022
- 5-to-1 reverse split · 24 Mar 2020
- 5-to-1 reverse split · 24 Mar 2016
- 5-for-1 split · 12 Feb 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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