W 
0.63
-5.30%
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$402.6m
FY2017FY2026
Net income
−HK$29.2m
FY2017FY2026
Free cash flow
−HK$2.6m
FY2017FY2026
Shareholders' equity
HK$62.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$402.6m | HK$301.1m | HK$288.7m | HK$315.4m | HK$263.2m | HK$293.6m | HK$255.5m | HK$202.9m | HK$226.2m | HK$235.5m |
| Operating income | −HK$23.4m | −HK$41.3m | −HK$10.2m | −HK$39.6m | HK$6.9m | HK$630,004 | −HK$52.3m | −HK$52.0m | −HK$63.2m | HK$2.6m |
| Net income | −HK$29.2m | −HK$51.4m | −HK$20.6m | −HK$47.0m | −HK$12.8m | −HK$12.2m | −HK$60.4m | −HK$55.2m | −HK$70.2m | −HK$1.0m |
| Diluted earnings per share | -0.12 | -0.24 | -0.18 | -0.51 | -0.14 | -0.01 | -0.63 | -0.06 | -0.07 | -0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$291.4m | HK$267.3m | HK$324.0m | HK$354.1m | HK$458.3m | HK$466.6m | HK$481.6m | HK$504.6m | HK$544.5m | HK$601.5m |
| Cash and short-term investments | HK$119.5m | HK$109.4m | HK$140.2m | HK$116.5m | HK$180.6m | HK$200.1m | HK$248.6m | HK$379.2m | HK$415.1m | HK$412.3m |
| Total liabilities | HK$225.9m | HK$217.6m | HK$233.1m | HK$236.7m | HK$286.6m | HK$285.7m | HK$273.6m | HK$236.3m | HK$219.5m | HK$206.3m |
| Debt | HK$168.1m | HK$184.6m | HK$179.9m | HK$188.9m | HK$245.4m | HK$233.5m | HK$221.3m | HK$198.3m | HK$160.7m | HK$124.3m |
| Shareholders' equity | HK$62.0m | HK$50.9m | HK$90.3m | HK$117.3m | HK$171.7m | HK$180.8m | HK$207.9m | HK$268.3m | HK$325.0m | HK$395.3m |
| Shares outstanding | 234m | 214m | 114m | 93m | 93m | 960m | 96m | 960m | 960m | 960m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$2.8m | −HK$15.0m | HK$42.3m | HK$24.4m | HK$4.9m | −HK$11.9m | −HK$97.4m | −HK$118.3m | −HK$36.1m | HK$24.1m |
| Capital spending | −HK$5.4m | −HK$11.6m | −HK$1.7m | −HK$2.0m | −HK$3.7m | −HK$4.6m | −HK$1.7m | −HK$906,070 | −HK$4.3m | −HK$17.9m |
| Free cash flow | −HK$2.6m | −HK$26.5m | HK$40.6m | HK$22.3m | HK$1.2m | −HK$16.5m | −HK$99.2m | −HK$119.2m | −HK$40.4m | HK$6.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$215.7m | HK$186.8m | HK$122.5m | HK$178.6m | HK$132.8m | HK$155.9m | HK$135.6m | HK$179.8m |
| Operating income | −HK$26.6m | HK$2.6m | −HK$40.7m | −HK$5.5m | −HK$36.1m | HK$24.3m | −HK$29.3m | HK$1.1m |
| Net income | −HK$30.3m | HK$1.1m | −HK$40.9m | −HK$10.6m | −HK$39.0m | HK$18.4m | −HK$47.5m | HK$473,000 |
| Diluted earnings per share | -0.13 | 0.01 | -0.19 | -0.09 | -0.34 | 0.20 | -0.51 | 0.01 |
| Cash from operations | HK$46.0m | −HK$43.0m | HK$15.0m | −HK$30.0m | HK$35.0m | HK$7.0m | HK$7.0m | HK$19.0m |
| Capital spending | −HK$3.0m | −HK$1.0m | −HK$3.0m | −HK$7.0m | −HK$1.0m | — | −HK$1.0m | — |
| Free cash flow | HK$43.0m | −HK$44.0m | HK$12.0m | −HK$37.0m | HK$34.0m | — | HK$6.0m | — |
| Total assets | HK$291.4m | HK$308.8m | HK$267.3m | HK$327.7m | HK$324.0m | HK$374.6m | HK$354.1m | HK$472.8m |
| Cash and short-term investments | HK$119.5m | HK$86.4m | HK$109.4m | HK$116.9m | HK$140.2m | HK$127.5m | HK$116.5m | HK$191.6m |
| Debt | HK$166.9m | HK$177.8m | HK$184.6m | HK$192.6m | HK$179.9m | HK$187.9m | HK$188.9m | HK$239.3m |
| Shareholders' equity | HK$62.0m | HK$79.0m | HK$50.9m | HK$92.2m | HK$90.3m | HK$135.2m | HK$117.3m | HK$171.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 6.5% | 0.9% |
| Operating income | -16.0% | — | — |
| Net income | -14.6% | 19.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.2% | -8.8% | -5.7% | -7.6% |
| Net margin | -11.5% | -11.3% | -9.3% | -10.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -1.1 | -1.6 | -0.7 | -1.0 | -7.0 | -0.2 | -8.1 | -7.0 | -398.0 |
| Price to sales | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 2.2 | 2.2 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 22 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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