H 
0.32
-3.03%
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$374.3m
FY2016FY2025
Net income
HK$568,000
FY2016FY2025
Free cash flow
−HK$24.6m
FY2016FY2025
Shareholders' equity
HK$294.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$374.3m | HK$394.5m | HK$277.7m | HK$231.3m | HK$197.6m | HK$152.9m | HK$248.3m | HK$223.4m | HK$171.4m | HK$124.0m |
| Gross profit | HK$25.9m | HK$29.0m | HK$30.4m | HK$24.2m | HK$27.5m | HK$9.8m | HK$39.9m | HK$38.4m | HK$27.0m | HK$19.6m |
| Operating income | HK$5.8m | HK$5.4m | HK$8.8m | −HK$6.0m | HK$5.1m | −HK$21.1m | HK$29.9m | HK$29.2m | HK$5.3m | HK$15.6m |
| Net income | HK$568,000 | HK$2.9m | HK$7.1m | −HK$7.0m | HK$4.9m | −HK$20.7m | HK$19.1m | HK$24.1m | HK$1.6m | HK$12.8m |
| Diluted earnings per share | 0.01 | 0.08 | 0.49 | -0.58 | 0.40 | -1.73 | 1.59 | 2.02 | 0.20 | 1.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$434.6m | HK$397.1m | HK$258.8m | HK$194.6m | HK$180.8m | HK$195.8m | HK$199.7m | HK$164.7m | HK$145.5m | HK$40.3m |
| Cash and short-term investments | HK$8.8m | HK$16.3m | HK$25.1m | HK$62.7m | HK$51.2m | HK$58.9m | HK$25.8m | HK$32.5m | HK$69.9m | HK$3.5m |
| Total liabilities | HK$140.2m | HK$121.8m | HK$114.7m | HK$57.6m | HK$66.0m | HK$85.9m | HK$69.2m | HK$53.2m | HK$58.1m | HK$20.5m |
| Debt | HK$60.5m | HK$56.6m | HK$59.7m | HK$18.3m | HK$32.4m | HK$51.4m | HK$16.3m | HK$101,000 | HK$198,000 | HK$939,000 |
| Shareholders' equity | HK$294.4m | HK$275.3m | HK$144.1m | HK$137.1m | HK$114.8m | HK$109.9m | HK$130.6m | HK$111.5m | HK$87.4m | HK$19.8m |
| Shares outstanding | 51m | 37m | 14m | 12m | 12m | 12m | 12m | 12m | 8m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$24.0m | −HK$131.7m | −HK$71.0m | −HK$2.0m | HK$27.1m | −HK$543,000 | −HK$9.6m | −HK$36.8m | HK$1.2m | HK$3.4m |
| Capital spending | −HK$608,000 | −HK$881,000 | −HK$309,000 | −HK$1.0m | −HK$514,000 | −HK$592,000 | −HK$49,000 | −HK$567,000 | −HK$251,000 | −HK$231,000 |
| Free cash flow | −HK$24.6m | −HK$132.6m | −HK$71.3m | −HK$3.1m | HK$26.6m | −HK$1.1m | −HK$9.6m | −HK$37.3m | HK$930,000 | HK$3.2m |
Latest quarters
By quarter end
| Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | Apr 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$268.8m | HK$102.9m | HK$271.5m | HK$168.2m | HK$226.4m | HK$166.5m | HK$111.1m | HK$122.3m |
| Gross profit | HK$14.3m | HK$9.0m | HK$16.9m | HK$16.1m | HK$12.9m | HK$16.8m | HK$13.7m | HK$7.8m |
| Operating income | −HK$676,000 | HK$1.5m | HK$4.8m | HK$4.3m | HK$4.3m | HK$5.8m | HK$6.4m | −HK$13.4m |
| Net income | −HK$3.0m | −HK$1.6m | HK$2.1m | HK$733,000 | HK$2.2m | HK$1.6m | HK$5.5m | −HK$12.6m |
| Diluted earnings per share | -0.06 | -0.03 | 0.04 | 0.02 | 0.06 | 0.11 | 0.38 | -1.04 |
| Total assets | HK$477.4m | HK$434.6m | HK$420.4m | HK$397.1m | HK$388.0m | HK$259.0m | HK$218.7m | HK$194.6m |
| Cash and short-term investments | HK$24.9m | HK$8.8m | HK$3.2m | HK$16.3m | HK$14.0m | HK$25.1m | HK$27.2m | HK$62.7m |
| Debt | HK$48.8m | HK$59.3m | HK$50.3m | HK$55.0m | HK$54.3m | HK$58.1m | HK$31.1m | HK$18.2m |
| Shareholders' equity | HK$361.2m | HK$294.4m | HK$295.9m | HK$275.3m | HK$275.0m | HK$144.0m | HK$142.5m | HK$137.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.4% | 19.6% | 16.7% |
| Operating income | — | — | -2.9% |
| Net income | — | — | -21.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.1% | 8.6% | 9.0% | 11.4% |
| Operating margin | 1.5% | 1.1% | -0.1% | 3.5% |
| Net margin | 0.5% | 0.3% | -0.7% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.2 | 2.8 | 2.0 | -2.5 | 12.9 | -2.0 | 2.4 | 1.9 | 24.0 |
| Price to sales | 0.1 | 0.0 | 0.1 | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 5 Aug 2025
- 5-to-1 reverse split · 29 Apr 2025
- 20-to-1 reverse split · 3 May 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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