M 
0.51
+4.08%
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$97.6m
FY2016FY2025
Net income
−HK$2.5m
FY2016FY2025
Free cash flow
HK$20.3m
FY2016FY2025
Shareholders' equity
HK$118.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$97.6m | HK$131.3m | HK$152.9m | HK$125.1m | HK$121.7m | HK$127.6m | HK$114.5m | HK$163.6m | HK$125.8m | HK$110.5m |
| Gross profit | HK$16.4m | HK$13.4m | HK$19.2m | HK$18.7m | HK$21.0m | HK$10.3m | HK$23.6m | HK$53.1m | HK$51.7m | HK$38.2m |
| Operating income | −HK$6.7m | −HK$14.9m | −HK$9.3m | −HK$5.9m | −HK$2.1m | −HK$15.3m | HK$60,000 | HK$18.7m | HK$32.1m | HK$21.5m |
| Net income | −HK$2.5m | −HK$6.9m | HK$680,000 | HK$238,000 | −HK$2.2m | −HK$8.5m | HK$1.0m | HK$12.6m | HK$23.4m | HK$17.7m |
| Diluted earnings per share | -0.00 | -0.01 | 0.00 | 0.00 | -0.00 | -0.01 | 0.00 | 0.02 | 0.05 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$139.7m | HK$136.5m | HK$172.7m | HK$164.4m | HK$171.5m | HK$168.4m | HK$186.5m | HK$177.1m | HK$88.1m | HK$61.3m |
| Cash and short-term investments | HK$85.0m | HK$66.8m | HK$88.4m | HK$69.0m | HK$90.1m | HK$96.9m | HK$101.1m | HK$107.4m | HK$3.2m | HK$15.7m |
| Total liabilities | HK$21.2m | HK$15.5m | HK$20.9m | HK$13.2m | HK$20.6m | HK$15.2m | HK$24.9m | HK$16.5m | HK$39.9m | HK$36.6m |
| Debt | HK$1.2m | HK$854,000 | HK$1.5m | HK$1.3m | HK$2.0m | HK$3.1m | HK$3.4m | HK$1.4m | HK$26.2m | HK$11.4m |
| Shareholders' equity | HK$118.5m | HK$121.0m | HK$151.8m | HK$151.1m | HK$150.9m | HK$153.1m | HK$161.6m | HK$160.6m | HK$48.2m | HK$24.8m |
| Shares outstanding | 970m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 737m | 500m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$20.4m | HK$193,000 | HK$19.2m | −HK$19.2m | −HK$4.9m | −HK$870,000 | −HK$7.4m | HK$16.0m | −HK$28.4m | HK$27.3m |
| Capital spending | −HK$101,000 | −HK$579,000 | −HK$189,000 | −HK$554,000 | −HK$88,000 | −HK$385,000 | −HK$58,000 | −HK$146,000 | −HK$117,000 | −HK$1.7m |
| Free cash flow | HK$20.3m | −HK$386,000 | HK$19.0m | −HK$19.7m | −HK$5.0m | −HK$1.3m | −HK$7.5m | HK$15.9m | −HK$28.5m | HK$25.6m |
| Dividends paid | — | −HK$24.0m | — | — | — | — | — | −HK$3.3m | −HK$3.3m | −HK$8.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$61.9m | HK$53.6m | HK$44.0m | HK$61.9m | HK$69.4m | HK$83.1m | HK$69.9m | HK$66.9m |
| Gross profit | HK$6.9m | HK$7.5m | HK$9.4m | HK$7.1m | HK$6.3m | HK$9.5m | HK$8.8m | HK$11.4m |
| Operating income | −HK$5.1m | −HK$3.9m | −HK$2.9m | −HK$9.3m | −HK$5.6m | −HK$4.7m | −HK$4.6m | −HK$1.6m |
| Net income | −HK$1.2m | −HK$1.1m | −HK$1.4m | −HK$5.0m | −HK$1.8m | −HK$673,000 | HK$1.4m | HK$2.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | 0.00 | 0.00 |
| Cash from operations | — | HK$6.0m | HK$15.0m | HK$7.0m | −HK$4.0m | −HK$4.0m | HK$25.0m | −HK$8.0m |
| Total assets | HK$141.3m | HK$139.7m | HK$132.9m | HK$136.5m | HK$160.9m | HK$172.7m | HK$167.7m | HK$164.4m |
| Cash and short-term investments | HK$71.3m | HK$85.0m | HK$80.5m | HK$66.8m | HK$84.7m | HK$88.4m | HK$93.4m | HK$68.4m |
| Debt | HK$310,000 | HK$1.2m | HK$818,000 | HK$854,000 | HK$1.3m | HK$1.5m | HK$789,000 | HK$1.3m |
| Shareholders' equity | HK$117.2m | HK$118.5m | HK$119.5m | HK$121.0m | HK$150.0m | HK$151.8m | HK$152.5m | HK$151.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | -5.2% | -2.7% |
| Operating income | 4.5% | -15.3% | — |
| Net income | — | -21.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.0% | 13.4% | 13.1% | 21.6% |
| Operating margin | -9.4% | -7.2% | -7.2% | 3.1% |
| Net margin | -4.1% | -1.7% | -2.5% | 4.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -69.4 | -18.6 | 146.6 | — | -147.5 | -29.4 | 269.4 | 10.9 |
| Price to sales | 1.8 | 1.0 | 0.7 | 1.5 | 2.7 | 1.9 | 2.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Aug 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.024 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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