B 
0.36
0.00%
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$193.2m
FY2016FY2025
Net income
−HK$24.4m
FY2016FY2025
Free cash flow
HK$25.8m
FY2016FY2025
Shareholders' equity
HK$27.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$193.2m | HK$157.1m | HK$131.2m | HK$141.8m | HK$177.4m | HK$287.0m | HK$371.7m | HK$409.3m | HK$376.4m | HK$376.2m |
| Operating income | −HK$22.7m | −HK$20.3m | −HK$41.2m | −HK$37.3m | −HK$45.5m | −HK$28.6m | HK$7.2m | HK$31.2m | HK$41.6m | HK$38.5m |
| Net income | −HK$24.4m | −HK$24.6m | −HK$27.8m | −HK$25.5m | −HK$27.0m | −HK$19.2m | HK$11.9m | HK$25.9m | HK$34.4m | HK$30.5m |
| Diluted earnings per share | -0.05 | -0.05 | -0.06 | -0.05 | -0.05 | -0.04 | 0.02 | 0.07 | 0.07 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$192.1m | HK$194.7m | HK$189.7m | HK$201.7m | HK$183.3m | HK$249.1m | HK$249.4m | HK$248.9m | HK$122.8m | HK$163.8m |
| Cash and short-term investments | HK$102.0m | HK$96.2m | HK$92.4m | HK$103.9m | HK$81.1m | HK$121.3m | HK$145.9m | HK$177.2m | HK$53.9m | HK$67.9m |
| Total liabilities | HK$162.9m | HK$140.6m | HK$111.2m | HK$101.3m | HK$57.3m | HK$93.2m | HK$61.9m | HK$54.0m | HK$54.8m | HK$59.5m |
| Debt | HK$90.3m | HK$99.1m | HK$83.0m | HK$76.3m | HK$13.4m | HK$54.5m | HK$8.6m | HK$914,000 | HK$913,000 | HK$911,000 |
| Shareholders' equity | HK$27.8m | HK$52.5m | HK$77.1m | HK$101.9m | HK$126.9m | HK$157.7m | HK$189.2m | HK$195.2m | HK$66.5m | HK$104.5m |
| Shares outstanding | 508m | 508m | 505m | 500m | 500m | 500m | 502m | 389m | 500m | 500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$28.3m | HK$1.9m | −HK$8.8m | −HK$7.2m | HK$13.4m | HK$35.7m | HK$21.4m | HK$38.5m | HK$29.0m | HK$53.9m |
| Capital spending | −HK$2.6m | −HK$1.9m | −HK$2.2m | −HK$2.9m | −HK$21.2m | −HK$6.2m | −HK$7.3m | −HK$18.0m | −HK$6.8m | −HK$10.6m |
| Free cash flow | HK$25.8m | HK$16,000 | −HK$11.0m | −HK$10.1m | −HK$7.9m | HK$29.4m | HK$14.1m | HK$20.5m | HK$22.3m | HK$43.3m |
| Dividends paid | — | — | — | — | −HK$5.0m | −HK$15.0m | −HK$20.0m | −HK$20.0m | −HK$34.1m | — |
Latest quarters
By quarter end
| Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$137.2m | HK$98.9m | HK$99.9m | HK$77.4m | HK$84.9m | HK$62.9m | HK$34.5m | HK$68.3m |
| Operating income | HK$4.1m | −HK$17.4m | −HK$7.2m | −HK$18.8m | −HK$2.0m | −HK$24.8m | −HK$10.0m | −HK$16.4m |
| Net income | HK$9.3m | −HK$16.4m | −HK$8.0m | −HK$19.5m | −HK$5.1m | −HK$14.7m | −HK$7.0m | −HK$13.2m |
| Diluted earnings per share | 0.02 | -0.03 | -0.02 | -0.04 | -0.01 | -0.03 | -0.02 | -0.03 |
| Cash from operations | HK$15.0m | HK$31.0m | −HK$3.0m | −HK$4.0m | HK$5.0m | −HK$21.0m | — | HK$12.0m |
| Capital spending | −HK$4.0m | — | −HK$1.0m | — | — | — | — | — |
| Free cash flow | HK$11.0m | — | −HK$4.0m | — | — | — | — | — |
| Total assets | HK$230.7m | HK$192.1m | HK$188.7m | HK$194.7m | HK$211.8m | HK$189.7m | HK$189.7m | HK$198.0m |
| Cash and short-term investments | HK$110.1m | HK$102.0m | HK$85.6m | HK$96.2m | HK$105.9m | HK$92.4m | HK$99.3m | HK$107.2m |
| Debt | HK$105.8m | HK$90.3m | HK$93.8m | HK$99.1m | HK$99.4m | HK$83.0m | — | HK$73.4m |
| Shareholders' equity | HK$49.3m | HK$27.8m | HK$44.5m | HK$52.5m | HK$71.8m | HK$77.1m | — | HK$90.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.8% | -7.6% | -5.2% |
| Operating income | -15.2% | -4.5% | — |
| Net income | -1.5% | 4.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -12.3% | -19.5% | -18.0% | -1.4% |
| Net margin | -14.0% | -16.4% | -13.7% | -0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -3.5 | -3.7 | -8.4 | -11.7 | -13.3 | 21.5 | 7.7 |
| Price to sales | 0.9 | 0.6 | 0.8 | 1.5 | 1.8 | 0.9 | 0.7 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Dec 2020.
| FY2021 | FY2020 | FY2019 | |
|---|---|---|---|
| Paid in the year | 0.01 | 0.02 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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