3.46
-1.70%
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$4.39bn
FY2016FY2025
Net income
HK$338.5m
FY2016FY2025
Free cash flow
−HK$14.41bn
FY2016FY2025
Shareholders' equity
HK$4.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$4.39bn | HK$4.56bn | HK$4.32bn | HK$3.54bn | HK$2.50bn | HK$2.49bn | HK$2.46bn | HK$1.69bn | HK$1.48bn | HK$1.18bn |
| Operating income | HK$1.98bn | HK$84.9m | HK$693.7m | HK$2.00bn | HK$1.92bn | HK$948.7m | HK$1.33bn | HK$2.24bn | HK$1.03bn | HK$1.83bn |
| Net income | HK$338.5m | HK$257.5m | HK$28.3m | HK$73.6m | HK$525.8m | HK$334.1m | HK$896.0m | HK$808.9m | HK$734.7m | HK$638.4m |
| Diluted earnings per share | 0.45 | 0.35 | 0.04 | 0.10 | 0.70 | 0.46 | 1.32 | 1.19 | 1.08 | 0.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$58.05bn | HK$58.24bn | HK$59.82bn | HK$55.33bn | HK$50.03bn | HK$46.39bn | HK$43.65bn | HK$41.43bn | HK$37.99bn | HK$30.90bn |
| Cash and short-term investments | HK$3.57bn | HK$3.78bn | HK$5.30bn | HK$4.67bn | HK$5.01bn | HK$5.29bn | HK$4.35bn | HK$3.99bn | HK$7.02bn | HK$5.84bn |
| Total liabilities | HK$51.02bn | HK$52.91bn | HK$54.68bn | HK$50.69bn | HK$45.49bn | HK$42.53bn | HK$39.68bn | HK$37.65bn | HK$34.57bn | HK$27.86bn |
| Debt | HK$46.85bn | HK$48.58bn | HK$51.36bn | HK$46.75bn | HK$41.99bn | HK$38.75bn | HK$36.29bn | HK$33.94bn | HK$31.30bn | HK$25.86bn |
| Shareholders' equity | HK$4.29bn | HK$5.33bn | HK$4.33bn | HK$4.67bn | HK$4.57bn | HK$3.89bn | HK$3.97bn | HK$3.78bn | HK$3.43bn | HK$3.04bn |
| Shares outstanding | 747m | 745m | 744m | 744m | 748m | 720m | 677m | 677m | 678m | 694m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$13.9m | HK$3.03bn | HK$3.69bn | HK$3.35bn | HK$2.17bn | HK$985.4m | HK$304.4m | HK$3.00bn | HK$5.45bn | HK$4.09bn |
| Capital spending | −HK$14.42bn | −HK$9.29bn | −HK$11.06bn | −HK$10.93bn | −HK$5.99bn | −HK$7.32bn | −HK$7.81bn | −HK$14.14bn | −HK$9.58bn | −HK$5.40bn |
| Free cash flow | −HK$14.41bn | −HK$6.26bn | −HK$7.37bn | −HK$7.59bn | −HK$3.82bn | −HK$6.34bn | −HK$7.51bn | −HK$11.14bn | −HK$4.13bn | −HK$1.31bn |
| Dividends paid | −HK$240.8m | −HK$200.1m | −HK$223.3m | −HK$425.2m | −HK$164.4m | −HK$151.1m | −HK$453.8m | −HK$433.8m | −HK$386.2m | −HK$204.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.86bn | HK$2.11bn | HK$909.9m | HK$2.13bn | HK$1.04bn | HK$2.14bn | HK$2.06bn | HK$1.89bn |
| Operating income | HK$745.3m | HK$1.02bn | HK$902.1m | HK$1.01bn | HK$1.04bn | HK$1.08bn | HK$1.11bn | HK$886.3m |
| Net income | HK$171.4m | HK$198.0m | HK$140.5m | HK$125.8m | HK$131.7m | −HK$172.9m | HK$201.2m | HK$203.8m |
| Diluted earnings per share | 0.23 | 0.27 | 0.19 | 0.17 | 0.18 | -0.23 | 0.27 | 0.27 |
| Cash from operations | HK$1.47bn | HK$225.0m | −HK$211.0m | HK$173.0m | −HK$52.0m | HK$710.0m | HK$427.0m | HK$948.0m |
| Capital spending | −HK$4.48bn | −HK$8.48bn | −HK$5.95bn | −HK$3.60bn | −HK$5.69bn | −HK$3.01bn | −HK$8.05bn | −HK$4.34bn |
| Free cash flow | −HK$3.01bn | −HK$8.25bn | −HK$6.16bn | −HK$3.43bn | −HK$5.74bn | −HK$2.30bn | −HK$7.62bn | −HK$3.39bn |
| Total assets | HK$63.89bn | HK$58.05bn | HK$58.61bn | HK$58.24bn | HK$64.00bn | HK$59.82bn | HK$63.19bn | HK$55.33bn |
| Cash and short-term investments | HK$5.21bn | HK$3.57bn | HK$4.95bn | HK$3.78bn | HK$6.11bn | HK$5.84bn | HK$6.20bn | HK$4.67bn |
| Debt | — | HK$67.64bn | HK$69.05bn | HK$64.48bn | HK$74.66bn | HK$70.24bn | HK$52.47bn | HK$45.13bn |
| Shareholders' equity | HK$4.59bn | HK$4.29bn | HK$4.18bn | HK$5.33bn | HK$4.27bn | HK$4.33bn | HK$4.73bn | HK$4.67bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 45.2% | 1.9% | 11.5% | 60.2% | 81.8% | 79.2% |
| Net margin | 7.7% | 5.6% | 0.7% | 2.1% | 21.0% | 13.4% |
| Return on equity | 7.9% | 4.8% | 0.7% | 1.6% | 11.5% | 8.6% |
| Return on assets | 0.6% | 0.4% | 0.0% | 0.1% | 1.1% | 0.7% |
| Free cash flow yield | 584.8% | 500.6% | 599.4% | 581.1% | 330.5% | 349.1% |
| Revenue growth | -3.8% | 5.5% | 22.1% | 41.7% | 0.5% | 1.1% |
| Earnings growth | 31.4% | 811.5% | -61.6% | -86.0% | 57.4% | -62.7% |
| Current ratio | 8.17x | 1.03x | 20.41x | 1.11x | 1.39x | 1.70x |
| Debt to equity | 15.76x | 12.10x | 16.22x | 10.32x | 12.03x | 12.73x |
| Equity ratio | 7.4% | 9.1% | 7.2% | 8.4% | 9.1% | 8.4% |
| Interest coverage | 0.92x | 0.03x | 0.22x | 1.32x | 1.69x | 1.48x |
| Buybacks as a share of market value | -0.3% | -0.0% | -0.1% | 0.5% | -3.8% | -6.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.4% | 12.0% | 23.1% |
| Operating income | -0.3% | 15.9% | 15.3% |
| Net income | 66.3% | 0.3% | -1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.1% | 28.3% | 35.0% | 49.9% |
| Net margin | 6.7% | 4.2% | 7.1% | 17.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.2 | 10.4 | 95.4 | 43.8 | 8.1 | 14.4 | 6.3 | 6.6 | 7.5 | 9.2 |
| Price to sales | 0.8 | 0.6 | 0.6 | 0.9 | 1.7 | 1.9 | 2.3 | 3.2 | 3.8 | 5.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.18 | 0.30 | 0.31 | 0.30 | 0.41 | 0.35 | 0.68 | 0.67 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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