W 
0.14
+3.65%
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.
Net income
−HK$66.6m
FY2016FY2025
Free cash flow
HK$8.4m
FY2016FY2025
Shareholders' equity
HK$1.33bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$12.0m | −HK$33.7m | −HK$8.9m | −HK$14.8m | −HK$10.3m | HK$16.2m | −HK$955,000 | HK$146.4m | −HK$5.8m | −HK$13.3m |
| Net income | −HK$66.6m | −HK$241.9m | −HK$67.6m | −HK$144.1m | HK$36.1m | −HK$153.4m | HK$43.0m | HK$146.0m | HK$7.1m | −HK$41.3m |
| Diluted earnings per share | -0.12 | -0.43 | -0.12 | -0.26 | 0.06 | -0.28 | 0.08 | 0.26 | 0.02 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.69bn | HK$1.72bn | HK$1.84bn | HK$1.96bn | HK$2.14bn | HK$2.07bn | HK$2.19bn | HK$2.12bn | HK$2.23bn | HK$1.54bn |
| Cash and short-term investments | HK$180.3m | HK$252.2m | HK$152.3m | HK$222.5m | HK$288.9m | HK$209.2m | HK$491.0m | HK$687.4m | HK$385.6m | HK$548.9m |
| Total liabilities | HK$357.7m | HK$330.5m | HK$221.9m | HK$272.9m | HK$291.3m | HK$269.5m | HK$235.6m | HK$210.2m | HK$462.1m | HK$271.7m |
| Debt | HK$330.4m | HK$292.6m | HK$184.3m | HK$220.6m | HK$234.7m | HK$208.6m | HK$173.3m | HK$126.4m | HK$104.1m | HK$29.1m |
| Shareholders' equity | HK$1.33bn | HK$1.39bn | HK$1.62bn | HK$1.69bn | HK$1.85bn | HK$1.80bn | HK$1.95bn | HK$1.91bn | HK$1.77bn | HK$1.27bn |
| Shares outstanding | 567m | 567m | 567m | 561m | 561m | 555m | 558m | 555m | 340m | 288m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$9.2m | HK$9.8m | −HK$17.7m | HK$3.1m | −HK$10.6m | HK$29.5m | −HK$20.7m | HK$555.8m | HK$109.7m | −HK$106.2m |
| Capital spending | −HK$819,000 | −HK$9.2m | −HK$2.3m | −HK$2.7m | −HK$18.4m | — | −HK$3.6m | −HK$13.6m | −HK$731,000 | −HK$57,000 |
| Free cash flow | HK$8.4m | HK$654,000 | −HK$19.9m | HK$434,000 | −HK$29.0m | HK$29.5m | −HK$24.2m | HK$542.2m | HK$109.0m | −HK$106.3m |
| Dividends paid | — | — | — | — | — | — | −HK$10.0m | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | HK$992,000 | −HK$17.2m | HK$5.2m | −HK$2.8m | −HK$21.0m | −HK$2.5m | −HK$5.2m | −HK$6.1m |
| Net income | −HK$35.5m | −HK$13.5m | −HK$53.1m | −HK$125.5m | −HK$116.5m | −HK$47.0m | −HK$23.4m | −HK$20.6m |
| Diluted earnings per share | -0.06 | -0.02 | -0.09 | -0.22 | -0.21 | -0.08 | -0.04 | -0.04 |
| Cash from operations | −HK$9.0m | HK$2.0m | HK$6.0m | HK$7.0m | HK$1.0m | −HK$15.0m | — | −HK$2.0m |
| Total assets | HK$1.63bn | HK$1.69bn | HK$1.63bn | HK$1.72bn | HK$1.71bn | HK$1.84bn | HK$1.84bn | HK$1.95bn |
| Cash and short-term investments | HK$190.8m | HK$180.3m | HK$242.9m | HK$252.2m | HK$152.9m | HK$152.3m | HK$147.3m | HK$356.6m |
| Debt | HK$307.6m | — | HK$235,000 | HK$470,000 | HK$704,000 | HK$939,000 | HK$939,000 | HK$1.1m |
| Shareholders' equity | HK$1.29bn | HK$1.33bn | HK$1.33bn | HK$1.39bn | HK$1.50bn | HK$1.62bn | HK$1.62bn | HK$1.67bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.0% | 5.7% | 19.9% |
| Operating income | -6.7% | — | -2.9% |
| Net income | -22.7% | -15.4% | 8.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -53.4% | -44.2% | -29.2% | 5.0% |
| Net margin | -360.7% | -331.5% | -293.2% | -54.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.5 | -0.3 | -1.6 | -0.9 | 4.3 | -1.8 | 9.1 | 4.1 | 75.0 | -12.4 |
| Price to sales | 2.2 | 2.0 | 2.8 | 4.0 | 5.9 | 8.2 | 9.1 | 0.9 | 28.8 | 44.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Dec 2018.
| FY2019 | FY2013 | FY2012 | FY2010 | FY2009 | |
|---|---|---|---|---|---|
| Paid in the year | 0.018 | 0.029 | 0.029 | 0.037 | 0.072 |
- 10-to-1 reverse split · 4 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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