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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$768.1m
FY2017FY2026
Net income
HK$1.7m
FY2017FY2026
Free cash flow
HK$6.4m
FY2017FY2026
Shareholders' equity
HK$114.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$768.1m | HK$878.8m | HK$1.24bn | HK$474.8m | HK$600.9m | HK$523.9m | HK$434.6m | HK$850.6m | HK$576.9m | HK$770.2m |
| Gross profit | HK$4.9m | HK$311,000 | HK$31.6m | HK$15.3m | HK$8.5m | HK$4.3m | HK$12.6m | HK$47.7m | HK$63.3m | HK$107.7m |
| Operating income | −HK$18.5m | −HK$20.6m | −HK$29.9m | −HK$5.7m | −HK$13.7m | HK$6.9m | −HK$9.9m | HK$23.7m | HK$32.7m | HK$83.1m |
| Net income | HK$1.7m | −HK$9.5m | −HK$43.8m | HK$11.9m | −HK$12.5m | HK$2.6m | −HK$10.8m | −HK$19.3m | HK$27.3m | HK$67.6m |
| Diluted earnings per share | 0.00 | -0.01 | -0.03 | 0.01 | -0.01 | 0.00 | -0.01 | -0.01 | 0.02 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$433.9m | HK$417.6m | HK$483.9m | HK$426.0m | HK$379.3m | HK$391.1m | HK$366.6m | HK$433.5m | HK$324.2m | HK$234.5m |
| Cash and short-term investments | HK$196.2m | HK$111.9m | HK$219.9m | HK$155.6m | HK$72.3m | HK$186.6m | HK$187.5m | HK$48.8m | HK$92.4m | HK$38.9m |
| Total liabilities | HK$319.4m | HK$304.8m | HK$361.6m | HK$259.8m | HK$225.1m | HK$224.4m | HK$202.5m | HK$258.6m | HK$119.6m | HK$147.9m |
| Debt | HK$165.4m | HK$10.3m | HK$153.3m | HK$153.7m | HK$151.8m | HK$142.9m | HK$140.9m | HK$137.0m | HK$41.7m | HK$27.5m |
| Shareholders' equity | HK$114.6m | HK$112.8m | HK$122.3m | HK$166.1m | HK$154.2m | HK$166.7m | HK$164.1m | HK$174.9m | HK$204.6m | HK$86.6m |
| Shares outstanding | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m | 1,500m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$6.5m | −HK$76.2m | HK$28.0m | HK$57.3m | −HK$42.9m | HK$24.4m | HK$44.5m | −HK$24.4m | −HK$37.8m | −HK$10.8m |
| Capital spending | −HK$7,000 | −HK$536,000 | −HK$12.2m | −HK$9.0m | −HK$4.8m | −HK$22.4m | −HK$9.7m | −HK$9.3m | −HK$12.7m | −HK$10.9m |
| Free cash flow | HK$6.4m | −HK$76.7m | HK$15.8m | HK$48.3m | −HK$47.7m | HK$2.0m | HK$34.8m | −HK$33.7m | −HK$50.5m | −HK$21.7m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$150,000 | −HK$2.9m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$401.5m | HK$366.6m | HK$446.7m | HK$432.1m | HK$216.0m | HK$700.6m | HK$350.3m | HK$543.9m |
| Gross profit | −HK$612,000 | HK$5.5m | −HK$1.2m | HK$1.5m | HK$748,000 | HK$21.6m | HK$10.8m | HK$10.0m |
| Operating income | −HK$1.0m | −HK$17.5m | −HK$10.2m | −HK$10.5m | −HK$5.2m | −HK$29.1m | −HK$14.6m | −HK$810,000 |
| Net income | HK$942,000 | HK$782,000 | −HK$18.9m | HK$9.5m | HK$4.7m | −HK$37.3m | −HK$18.6m | −HK$6.6m |
| Diluted earnings per share | 0.00 | 0.00 | -0.01 | 0.01 | 0.00 | -0.02 | -0.01 | -0.00 |
| Cash from operations | HK$18.0m | −HK$16.0m | HK$2.0m | −HK$79.0m | −HK$39.0m | HK$48.0m | HK$24.0m | −HK$20.0m |
| Capital spending | — | — | — | −HK$79.0m | — | −HK$12.0m | −HK$6.0m | −HK$20.0m |
| Free cash flow | — | — | — | −HK$158.0m | — | HK$36.0m | HK$18.0m | −HK$40.0m |
| Total assets | HK$433.9m | HK$413.3m | HK$417.6m | HK$381.0m | HK$381.0m | HK$483.9m | HK$483.9m | HK$490.7m |
| Cash and short-term investments | HK$196.2m | HK$177.3m | HK$111.9m | HK$156.5m | HK$169.2m | HK$156.1m | HK$236.1m | HK$181.5m |
| Debt | HK$165.0m | HK$165.2m | HK$10.3m | HK$151.1m | HK$150.0m | HK$153.3m | HK$152.0m | HK$1.8m |
| Shareholders' equity | HK$114.6m | HK$113.6m | HK$112.8m | HK$131.8m | HK$131.8m | HK$122.3m | HK$122.3m | HK$159.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.4% | 8.0% | 2.5% |
| Operating income | 48.0% | — | — |
| Net income | -47.5% | -8.1% | -28.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.3% | 1.5% | 1.4% | 4.7% |
| Operating margin | -2.4% | -2.2% | -1.8% | 1.3% |
| Net margin | -0.5% | -1.2% | -1.1% | 0.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 182.7 | -6.8 | -1.4 | 5.4 | -9.6 | 54.7 | -9.4 | -7.2 | 13.1 | 90.3 |
| Price to sales | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.2 | 0.6 | 7.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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