K 
1.16
-1.69%
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$72.2m
FY2016FY2025
Net income
−HK$11.3m
FY2016FY2025
Free cash flow
−HK$2.6m
FY2016FY2025
Shareholders' equity
HK$12.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$72.2m | HK$97.1m | HK$121.2m | HK$75.7m | HK$101.7m | HK$108.9m | HK$100.9m | HK$147.4m | HK$186.2m | HK$125.7m |
| Gross profit | HK$13.7m | HK$31.9m | HK$29.5m | HK$16.7m | −HK$13.9m | −HK$31.4m | HK$17.9m | HK$51.7m | HK$55.5m | HK$38.3m |
| Operating income | −HK$11.5m | HK$1.5m | HK$2.4m | −HK$8.4m | −HK$40.1m | −HK$65.5m | −HK$12.9m | HK$23.7m | HK$30.5m | HK$6.8m |
| Net income | −HK$11.3m | HK$495,000 | HK$1.3m | −HK$9.0m | −HK$41.0m | −HK$66.1m | −HK$24.7m | HK$20.2m | HK$25.0m | HK$3.6m |
| Diluted earnings per share | -0.05 | 0.00 | 0.01 | -0.06 | -0.20 | -0.10 | -0.14 | 0.15 | 0.15 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$68.0m | HK$61.9m | HK$71.5m | HK$60.8m | HK$74.5m | HK$100.9m | HK$137.3m | HK$147.7m | HK$134.2m | HK$123.6m |
| Cash and short-term investments | HK$17.5m | HK$8.5m | HK$11.9m | HK$3.6m | HK$499,000 | HK$10.9m | HK$17.9m | HK$26.5m | HK$36.4m | HK$60.8m |
| Total liabilities | HK$55.5m | HK$38.0m | HK$48.1m | HK$52.5m | HK$57.2m | HK$63.8m | HK$34.2m | HK$19.9m | HK$22.9m | HK$37.3m |
| Debt | HK$27.6m | HK$19.7m | HK$20.5m | HK$23.7m | HK$19.9m | HK$19.2m | HK$15.0m | — | — | HK$4.0m |
| Shareholders' equity | HK$12.5m | HK$23.9m | HK$23.4m | HK$8.3m | HK$17.3m | HK$37.0m | HK$103.1m | HK$127.8m | HK$111.3m | HK$86.3m |
| Shares outstanding | 243m | 242m | 241m | 161m | 207m | 672m | 172m | 134m | 172m | 172m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.6m | HK$6.6m | HK$4.1m | HK$4.1m | −HK$9.9m | HK$499,000 | HK$738,000 | −HK$3.6m | −HK$1.5m | −HK$175,000 |
| Capital spending | −HK$1.0m | −HK$2.6m | −HK$861,000 | −HK$55,000 | −HK$10.5m | −HK$8.5m | −HK$16.7m | −HK$6.8m | −HK$8.8m | −HK$3.7m |
| Free cash flow | −HK$2.6m | HK$4.0m | HK$3.2m | HK$4.0m | −HK$20.4m | −HK$8.0m | −HK$16.0m | −HK$10.4m | −HK$10.3m | −HK$3.9m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$1.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$52.1m | HK$26.0m | HK$40.5m | HK$20.2m | HK$15.9m | HK$15.9m | HK$18.5m | HK$18.5m |
| Gross profit | HK$12.8m | HK$6.4m | HK$8.6m | HK$4.3m | HK$4.7m | HK$4.7m | HK$2.9m | HK$2.9m |
| Operating income | −HK$10.0m | −HK$4.6m | −HK$6.8m | −HK$3.1m | −HK$2.1m | −HK$2.1m | −HK$4.4m | −HK$4.4m |
| Net income | −HK$8.3m | −HK$4.2m | −HK$6.7m | −HK$3.4m | −HK$2.3m | −HK$2.3m | −HK$4.7m | −HK$4.7m |
| Diluted earnings per share | -0.03 | -0.01 | -0.03 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 |
| Cash from operations | — | — | HK$2.0m | HK$1.0m | −HK$2.0m | −HK$2.0m | HK$3.0m | HK$3.0m |
| Total assets | HK$155.4m | HK$155.4m | HK$68.0m | HK$68.0m | HK$60.3m | HK$60.3m | HK$61.9m | HK$61.9m |
| Cash and short-term investments | HK$57.1m | HK$41.4m | HK$17.5m | HK$1.9m | HK$2.3m | HK$2.3m | HK$8.5m | HK$8.5m |
| Debt | HK$21.8m | HK$23.2m | HK$27.6m | HK$20.7m | HK$23.2m | HK$19.2m | HK$19.7m | HK$17.9m |
| Shareholders' equity | HK$75.5m | HK$75.5m | HK$12.5m | HK$12.5m | HK$19.2m | HK$19.2m | HK$23.9m | HK$23.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.5% | -7.9% | -5.0% |
| Operating income | 11.1% | -29.4% | — |
| Net income | 7.9% | -29.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.9% | 25.1% | 8.1% | 19.7% |
| Operating margin | -5.9% | -4.4% | -21.1% | -4.4% |
| Net margin | -6.4% | -5.1% | -21.8% | -6.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -44.8 | 200.4 | 82.3 | -6.1 | -2.9 | -5.0 | -2.8 | 5.0 | 6.5 | 74.7 |
| Price to sales | 7.0 | 1.0 | 0.9 | 0.7 | 1.1 | 3.0 | 0.7 | 0.7 | 0.9 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 19 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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