K 
1.90
+3.26%
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$1.99bn
FY2016FY2025
Net income
−HK$869.3m
FY2016FY2025
Free cash flow
HK$35.4m
FY2016FY2025
Shareholders' equity
HK$40.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.99bn | HK$7.19bn | HK$6.10bn | HK$8.79bn | HK$16.22bn | HK$11.73bn | HK$10.65bn | HK$10.76bn | HK$11.29bn | HK$9.62bn |
| Gross profit | HK$4.5m | HK$1.36bn | HK$2.02bn | HK$2.67bn | HK$5.56bn | HK$5.99bn | HK$5.66bn | HK$4.83bn | HK$5.66bn | HK$4.52bn |
| Operating income | −HK$571.2m | HK$807.4m | HK$1.71bn | HK$2.09bn | HK$4.93bn | HK$5.47bn | HK$5.10bn | HK$3.90bn | HK$4.61bn | HK$3.64bn |
| Net income | −HK$869.3m | HK$335.1m | HK$802.2m | HK$1.37bn | HK$3.35bn | HK$3.27bn | HK$3.15bn | HK$4.05bn | HK$3.91bn | HK$3.18bn |
| Diluted earnings per share | -0.28 | 0.11 | 0.26 | 0.44 | 1.07 | 1.05 | 1.01 | 1.29 | 1.28 | 1.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$66.09bn | HK$66.37bn | HK$72.51bn | HK$76.64bn | HK$78.50bn | HK$81.75bn | HK$74.56bn | HK$69.89bn | HK$72.51bn | HK$50.47bn |
| Cash and short-term investments | HK$6.47bn | HK$9.43bn | HK$8.09bn | HK$8.82bn | HK$9.30bn | HK$9.65bn | HK$6.76bn | HK$7.99bn | HK$6.12bn | HK$7.39bn |
| Total liabilities | HK$24.09bn | HK$24.41bn | HK$27.41bn | HK$29.99bn | HK$33.28bn | HK$36.93bn | HK$34.44bn | HK$32.89bn | HK$35.49bn | HK$23.35bn |
| Debt | HK$13.74bn | HK$14.57bn | HK$15.19bn | HK$14.95bn | HK$19.00bn | HK$25.05bn | HK$20.45bn | HK$18.71bn | HK$18.48bn | HK$11.01bn |
| Shareholders' equity | HK$40.10bn | HK$40.08bn | HK$42.33bn | HK$43.86bn | HK$43.90bn | HK$43.58bn | HK$38.89bn | HK$35.64bn | HK$35.00bn | HK$25.36bn |
| Shares outstanding | 3,153m | 3,153m | 3,133m | 3,133m | 3,130m | 3,127m | 3,125m | 3,129m | 3,057m | 2,964m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$45.6m | HK$3.28bn | HK$713.9m | HK$4.56bn | HK$7.57bn | HK$812.4m | HK$4.33bn | HK$1.06bn | −HK$3.13bn | HK$3.98bn |
| Capital spending | −HK$10.1m | −HK$4.7m | −HK$37.0m | −HK$4.8m | −HK$6.4m | −HK$6.6m | −HK$4.5m | −HK$3.9m | −HK$8.9m | −HK$9.5m |
| Free cash flow | HK$35.4m | HK$3.27bn | HK$677.0m | HK$4.55bn | HK$7.56bn | HK$805.8m | HK$4.33bn | HK$1.05bn | −HK$3.14bn | HK$3.97bn |
| Dividends paid | −HK$220.7m | −HK$373.7m | −HK$657.9m | −HK$657.9m | −HK$656.7m | −HK$656.5m | −HK$625.0m | −HK$302.3m | −HK$150.4m | −HK$90.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$4.93bn | HK$933.0m | HK$1.05bn | HK$5.97bn | HK$1.21bn | HK$3.00bn | HK$3.10bn | HK$3.40bn |
| Gross profit | HK$843.0m | −HK$361.5m | HK$366.0m | HK$675.9m | HK$684.1m | HK$933.3m | HK$1.08bn | HK$962.6m |
| Operating income | HK$609.2m | −HK$583.5m | HK$135.4m | HK$417.9m | HK$349.4m | HK$647.7m | HK$761.8m | HK$725.7m |
| Net income | HK$79.0m | −HK$983.2m | HK$113.9m | HK$181.3m | HK$153.8m | HK$320.2m | HK$481.9m | HK$291.3m |
| Diluted earnings per share | 0.03 | -0.31 | 0.04 | 0.06 | 0.05 | 0.10 | 0.15 | 0.09 |
| Cash from operations | — | HK$119.0m | −HK$74.0m | HK$2.55bn | HK$733.0m | −HK$1.81bn | HK$1.70bn | HK$5.89bn |
| Capital spending | — | −HK$10.0m | — | −HK$4.0m | — | −HK$36.0m | — | −HK$4.0m |
| Free cash flow | — | HK$109.0m | — | HK$2.54bn | — | −HK$1.85bn | — | HK$5.88bn |
| Total assets | HK$59.89bn | HK$66.09bn | HK$65.63bn | HK$66.37bn | HK$71.48bn | HK$72.51bn | HK$74.92bn | HK$76.64bn |
| Cash and short-term investments | HK$7.54bn | HK$6.47bn | HK$8.71bn | HK$9.43bn | HK$7.48bn | HK$8.86bn | HK$9.29bn | HK$8.82bn |
| Debt | HK$3.48bn | HK$13.74bn | HK$13.44bn | HK$14.57bn | HK$14.02bn | HK$15.19bn | HK$15.04bn | HK$14.95bn |
| Shareholders' equity | HK$39.63bn | HK$40.10bn | HK$40.63bn | HK$40.08bn | HK$41.11bn | HK$42.33bn | HK$43.16bn | HK$43.86bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -39.1% | -29.9% | -8.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.9% | 25.1% | 33.8% | 41.7% |
| Operating margin | 2.6% | 16.8% | 27.8% | 34.3% |
| Net margin | -5.8% | 6.8% | 15.9% | 24.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.6 | 16.6 | 7.6 | 6.2 | 2.8 | 3.6 | 4.3 | 2.9 | 3.3 | 3.4 |
| Price to sales | 3.3 | 0.8 | 1.0 | 1.0 | 0.6 | 1.0 | 1.3 | 1.1 | 1.2 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 23 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.07 | 0.18 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 |
- 1-to-1 reverse split · 11 Jun 2007
- 1-to-1 reverse split · 5 Oct 2006
- 1-to-1 reverse split · 19 May 2006
- 1-to-1 reverse split · 6 Jun 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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