F 
0.86
+0.58%
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$406.7m
FY2016FY2025
Net income
−HK$22.4m
FY2016FY2025
Free cash flow
−HK$36.7m
FY2016FY2025
Shareholders' equity
−HK$22.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$406.7m | HK$468.5m | HK$193.8m | HK$357.2m | HK$382.3m | HK$473.9m | HK$1.29bn | HK$648.5m | HK$744.8m | HK$395.8m |
| Gross profit | HK$7.7m | HK$17.3m | −HK$7.2m | HK$7.3m | −HK$29.9m | −HK$10.0m | HK$585.6m | HK$109.0m | HK$73.4m | HK$66.5m |
| Operating income | −HK$23.2m | HK$5.7m | −HK$59.6m | −HK$20.4m | −HK$65.0m | −HK$389.3m | HK$433.9m | HK$70.5m | HK$39.0m | HK$38.6m |
| Net income | −HK$22.4m | HK$9.9m | −HK$59.3m | −HK$969,000 | HK$40.1m | −HK$245.0m | HK$116.6m | HK$32.1m | HK$31.2m | HK$31.2m |
| Diluted earnings per share | -0.02 | 0.01 | -0.04 | -0.00 | 0.03 | -0.18 | 0.09 | 0.03 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$239.3m | HK$169.4m | HK$196.5m | HK$226.9m | HK$240.9m | HK$407.1m | HK$978.3m | HK$471.1m | HK$388.0m | HK$228.0m |
| Cash and short-term investments | HK$11.1m | HK$32.6m | HK$35.2m | HK$31.6m | HK$9.6m | HK$37.9m | HK$195.7m | HK$22.0m | HK$19.2m | HK$49.0m |
| Total liabilities | HK$262.3m | HK$169.9m | HK$206.9m | HK$178.0m | HK$191.0m | HK$379.7m | HK$550.1m | HK$303.4m | HK$276.6m | HK$137.9m |
| Debt | HK$11.9m | HK$10.0m | HK$12.9m | HK$599,000 | HK$4.4m | HK$8.0m | HK$59.8m | HK$53.4m | HK$52.6m | HK$4.4m |
| Shareholders' equity | −HK$22.9m | −HK$548,000 | −HK$10.4m | HK$48.9m | HK$49.8m | HK$27.4m | HK$301.4m | HK$167.7m | HK$111.5m | HK$90.1m |
| Shares outstanding | 1,326m | 1,332m | 1,332m | 1,332m | 1,332m | 1,332m | 1,332m | 1,232m | 1,232m | 1,232m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$36.6m | −HK$26.9m | −HK$19.8m | HK$32.2m | −HK$29.7m | −HK$99.4m | HK$121.3m | −HK$7.6m | −HK$49.0m | HK$35.8m |
| Capital spending | −HK$33,000 | −HK$45,000 | −HK$154,000 | −HK$689,000 | −HK$246,000 | −HK$1.0m | −HK$1.1m | −HK$5.2m | −HK$966,000 | −HK$1.8m |
| Free cash flow | −HK$36.7m | −HK$27.0m | −HK$19.9m | HK$31.5m | −HK$29.9m | −HK$100.4m | HK$120.2m | −HK$12.8m | −HK$49.9m | HK$34.0m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$9.9m | −HK$8.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$41.9m | HK$41.9m | HK$171.3m | HK$85.6m | HK$117.7m | HK$117.7m | HK$202.2m | HK$101.1m |
| Gross profit | −HK$17,500 | −HK$17,500 | HK$2.6m | HK$1.3m | HK$2.5m | HK$2.5m | HK$2.8m | HK$1.4m |
| Operating income | −HK$5.2m | −HK$5.2m | −HK$17.7m | −HK$8.8m | −HK$2.7m | −HK$2.7m | HK$28,000 | HK$112,500 |
| Net income | −HK$5.2m | −HK$5.2m | −HK$17.2m | −HK$8.6m | −HK$2.6m | −HK$2.6m | HK$4.6m | HK$2.3m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.01 | -0.00 | -0.00 | 0.00 | 0.00 |
| Cash from operations | −HK$12.0m | −HK$5.0m | HK$3.0m | HK$1.0m | −HK$40.0m | −HK$19.0m | HK$19.0m | HK$9.0m |
| Total assets | HK$263.7m | HK$263.7m | HK$239.3m | HK$239.3m | HK$166.0m | HK$166.0m | HK$169.4m | HK$169.4m |
| Cash and short-term investments | HK$37.8m | HK$37.8m | HK$11.1m | HK$3.9m | HK$5.4m | HK$5.4m | HK$32.6m | HK$25.4m |
| Debt | HK$55.3m | HK$55.3m | HK$11.9m | HK$44.0m | HK$20.3m | HK$11.3m | HK$11.0m | HK$11.9m |
| Shareholders' equity | HK$6.4m | HK$6.4m | −HK$22.9m | −HK$22.9m | −HK$5.7m | −HK$5.7m | −HK$548,000 | −HK$548,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | -3.0% | 3.9% |
| Operating income | 4.5% | -43.1% | — |
| Net income | 184.9% | -38.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.9% | 1.8% | -0.6% | 15.4% |
| Operating margin | -2.0% | -6.8% | -24.2% | 0.9% |
| Net margin | -1.4% | -5.1% | -12.2% | -0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.4 | 6.6 | -1.6 | -127.8 | 4.7 | -1.0 | 5.7 | 15.4 | 9.9 | 4.2 |
| Price to sales | 0.3 | 0.1 | 0.5 | 0.3 | 0.5 | 0.5 | 0.5 | 0.8 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 May 2017.
| FY2017 | FY2016 | |
|---|---|---|
| Paid in the year | 0.008 | 0.007 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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