C 
8.24
+0.37%
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$6.03bn
FY2015FY2024
Net income
HK$106.4m
FY2015FY2024
Free cash flow
−HK$1.09bn
FY2015FY2024
Shareholders' equity
HK$1.12bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$6.03bn | HK$4.03bn | HK$1.61bn | HK$1.09bn | HK$373.5m | HK$180.4m | HK$199.2m | HK$215.7m | HK$184.4m | HK$212.5m |
| Gross profit | HK$127.8m | HK$172.8m | HK$31.1m | HK$51.8m | HK$5.2m | HK$7.1m | HK$8.0m | HK$50.7m | HK$49.3m | HK$50.8m |
| Operating income | HK$55.7m | HK$88.0m | −HK$45.0m | HK$38.5m | −HK$33.6m | −HK$16.2m | −HK$10.6m | HK$35.8m | HK$35.1m | HK$36.0m |
| Net income | HK$106.4m | HK$66.3m | −HK$27.8m | HK$62.0m | −HK$749,000 | −HK$12.7m | −HK$10.8m | HK$10.7m | HK$27.0m | HK$30.1m |
| Diluted earnings per share | 0.03 | 0.02 | -0.01 | 0.01 | -0.00 | -0.01 | -0.01 | 0.01 | 0.03 | 0.04 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$4.48bn | HK$3.50bn | HK$1.49bn | HK$772.2m | HK$480.5m | HK$274.4m | HK$202.1m | HK$225.5m | HK$138.4m | HK$129.3m |
| Cash and short-term investments | HK$265.9m | HK$137.4m | HK$614.8m | HK$50.4m | HK$53.8m | HK$114.5m | HK$62.6m | HK$106.0m | HK$27.6m | HK$33.7m |
| Total liabilities | HK$3.36bn | HK$2.65bn | HK$1.30bn | HK$542.1m | HK$318.1m | HK$113.7m | HK$28.6m | HK$38.4m | HK$52.9m | HK$55.7m |
| Debt | HK$1.99bn | HK$1.12bn | HK$503.0m | HK$113.3m | HK$8.3m | HK$618,000 | — | — | — | HK$18,000 |
| Shareholders' equity | HK$1.12bn | HK$850.5m | HK$188.3m | HK$230.0m | HK$162.4m | HK$160.7m | HK$173.5m | HK$187.2m | HK$85.5m | HK$73.6m |
| Shares outstanding | 4,224m | 4,224m | 4,224m | 4,224m | 4,224m | 1,056m | 1,056m | 795m | 792m | 792m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$397.2m | −HK$1.00bn | −HK$67.7m | −HK$28.0m | HK$48.2m | −HK$2.1m | −HK$34.8m | HK$7.4m | −HK$23.5m | HK$35.3m |
| Capital spending | −HK$694.9m | −HK$766.9m | −HK$78.4m | −HK$15.6m | −HK$17.9m | −HK$2.0m | −HK$9.9m | −HK$398,000 | −HK$16,000 | −HK$1.8m |
| Free cash flow | −HK$1.09bn | −HK$1.77bn | −HK$146.2m | −HK$43.5m | HK$30.3m | −HK$4.1m | −HK$44.7m | HK$7.0m | −HK$23.5m | HK$33.5m |
| Dividends paid | — | — | — | — | — | — | — | −HK$15.0m | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$4.05bn | HK$3.50bn | HK$2.53bn | HK$2.37bn | HK$1.66bn | HK$1.05bn | HK$565.5m | HK$772.8m |
| Gross profit | HK$86.4m | HK$84.6m | HK$43.2m | HK$106.2m | HK$66.6m | HK$17.3m | HK$13.8m | HK$34.9m |
| Operating income | HK$44.3m | −HK$9.3m | HK$65.0m | HK$55.9m | HK$31.7m | −HK$46.6m | HK$1.6m | HK$53.9m |
| Net income | HK$23.3m | HK$65.8m | HK$40.6m | HK$50.2m | HK$16.1m | −HK$35.7m | HK$7.8m | HK$77.1m |
| Diluted earnings per share | 0.01 | 0.02 | 0.01 | 0.01 | 0.00 | -0.01 | 0.00 | 0.07 |
| Total assets | HK$6.03bn | HK$4.48bn | HK$4.36bn | HK$3.50bn | HK$2.47bn | HK$1.49bn | HK$907.1m | HK$772.2m |
| Cash and short-term investments | HK$129.0m | HK$265.9m | HK$339.9m | HK$137.4m | HK$382.9m | HK$614.8m | HK$62.5m | HK$50.4m |
| Debt | HK$705.5m | HK$321.9m | HK$332.4m | HK$288.4m | HK$207.4m | HK$1.9m | HK$30.6m | HK$33.1m |
| Shareholders' equity | HK$1.30bn | HK$1.12bn | HK$833.1m | HK$850.5m | HK$538.7m | HK$188.3m | HK$230.5m | HK$230.0m |
Financial ratios
Data as of 21 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 1.9% | 2.1% | 4.3% | 1.9% | 4.8% | 1.3% | — |
| Operating margin | 0.7% | 1.8% | 2.6% | -3.2% | 4.2% | -10.6% | — |
| Net margin | 0.3% | 1.8% | 1.6% | -1.9% | 5.7% | -1.6% | — |
| Return on equity | 2.3% | 9.5% | 7.8% | -16.1% | 26.9% | -4.1% | — |
| Return on assets | 0.5% | 2.4% | 1.9% | -2.0% | 8.0% | -1.4% | — |
| Free cash flow yield | 1.8% | 0.8% | -0.7% | 0.0% | -0.0% | 0.2% | — |
| Revenue growth | 82.6% | 49.7% | 149.6% | 48.6% | 162.6% | — | -9.4% |
| Earnings growth | -67.8% | 60.4% | -318.7% | -148.9% | -1022.3% | — | 17.3% |
| Current ratio | 1.05x | 1.16x | 1.12x | 1.31x | 1.21x | 1.21x | — |
| Debt to equity | 1.40x | 1.77x | 0.34x | 2.66x | 0.47x | 0.01x | — |
| Equity ratio | 22.3% | 24.9% | 24.3% | 12.6% | 29.8% | 33.8% | — |
| Interest coverage | 1.12x | 2.10x | 12.87x | -9.30x | 13.48x | -1.22x | — |
| Buybacks as a share of market value | -0.1% | 0.1% | 0.0% | 0.0% | -0.0% | -300.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 77.1% | 101.8% | 42.4% |
| Operating income | 13.1% | — | 18.3% |
| Net income | 19.7% | — | 28.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.0% | 3.0% | 3.0% | 4.0% |
| Operating margin | 1.4% | 1.1% | 0.7% | 1.4% |
| Net margin | 1.7% | 1.6% | 1.5% | 1.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 316.4 | 319.7 | -691.0 | 158.6 | -5075.6 | -48.5 | -13.1 |
| Price to sales | 5.6 | 5.3 | 11.9 | 9.1 | 10.2 | 3.4 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-for-1 split · 22 Dec 2023
- 4-for-1 split · 5 Aug 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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