N 
0.26
-27.14%
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$1.45bn
FY2015FY2025
Net income
HK$1.0m
FY2015FY2025
Free cash flow
HK$47.0m
FY2015FY2025
Shareholders' equity
HK$309.0m
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.45bn | HK$2.23bn | HK$579.0m | HK$423.0m | HK$200.0m | HK$182.0m | HK$123.0m | HK$171.0m | HK$288.0m | HK$444.0m |
| Operating income | −HK$19.0m | HK$143.0m | −HK$158.0m | −HK$93.0m | −HK$65.0m | −HK$39.0m | HK$151.0m | HK$212.0m | HK$40.0m | −HK$9.0m |
| Net income | HK$1.0m | HK$132.0m | −HK$87.0m | −HK$97.0m | −HK$86.0m | −HK$86.0m | HK$91.0m | HK$175.0m | HK$2.81bn | −HK$163.0m |
| Diluted earnings per share | 0.00 | 0.02 | -0.02 | -0.02 | -0.01 | -0.01 | 0.02 | 0.03 | 0.72 | -0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.09bn | HK$4.25bn | HK$8.00bn | HK$9.28bn | HK$6.42bn | HK$867.0m | HK$644.0m | HK$762.0m | HK$844.0m | HK$1.03bn |
| Cash and short-term investments | HK$232.0m | HK$295.0m | HK$333.0m | HK$459.0m | HK$430.0m | HK$447.0m | HK$424.0m | HK$446.0m | HK$502.0m | HK$473.0m |
| Total liabilities | HK$2.78bn | HK$3.95bn | HK$7.81bn | HK$9.00bn | HK$6.05bn | HK$410.0m | HK$94.0m | HK$338.0m | HK$622.0m | HK$4.22bn |
| Debt | HK$203.0m | HK$722.0m | HK$1.92bn | HK$1.24bn | HK$5.0m | HK$5.0m | — | — | — | HK$2.0m |
| Shareholders' equity | HK$309.0m | HK$309.0m | HK$188.0m | HK$285.0m | HK$374.0m | HK$457.0m | HK$550.0m | HK$424.0m | HK$222.0m | −HK$3.19bn |
| Shares outstanding | 5,492m | 5,492m | 5,492m | 5,492m | 5,492m | 5,492m | 5,492m | 5,492m | 3,881m | 1,052m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$49.0m | HK$626.0m | HK$1.32bn | −HK$162.0m | −HK$3.75bn | HK$17.0m | −HK$9.0m | −HK$23.0m | HK$82.0m | HK$85.0m |
| Capital spending | −HK$2.0m | −HK$9.0m | −HK$35.0m | −HK$4.0m | — | −HK$1.0m | −HK$1.0m | — | — | — |
| Free cash flow | HK$47.0m | HK$617.0m | HK$1.28bn | −HK$166.0m | −HK$3.75bn | HK$16.0m | −HK$10.0m | −HK$23.0m | HK$82.0m | HK$85.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$244.0m | HK$118.0m | HK$1.33bn | HK$1.15bn | HK$1.08bn | HK$346.0m | HK$233.0m | HK$296.0m |
| Operating income | −HK$9.0m | −HK$45.0m | HK$26.0m | HK$52.0m | HK$87.0m | −HK$36.0m | −HK$28.0m | −HK$31.0m |
| Net income | −HK$13.0m | −HK$26.0m | HK$27.0m | HK$27.0m | HK$105.0m | −HK$61.0m | −HK$26.0m | −HK$41.0m |
| Diluted earnings per share | -0.00 | -0.00 | 0.00 | 0.00 | 0.02 | -0.01 | -0.00 | -0.01 |
| Cash from operations | −HK$220.0m | HK$88.0m | −HK$39.0m | HK$168.0m | HK$458.0m | HK$831.0m | HK$488.0m | HK$895.0m |
| Capital spending | — | −HK$1.0m | −HK$1.0m | −HK$1.0m | −HK$8.0m | −HK$35.0m | — | — |
| Free cash flow | — | HK$87.0m | −HK$40.0m | HK$167.0m | HK$450.0m | HK$796.0m | — | — |
| Total assets | HK$2.69bn | HK$3.09bn | HK$3.01bn | HK$4.25bn | HK$5.24bn | HK$8.00bn | HK$8.77bn | HK$9.28bn |
| Cash and short-term investments | HK$174.0m | HK$232.0m | HK$240.0m | HK$295.0m | HK$358.0m | HK$333.0m | HK$441.0m | HK$1.59bn |
| Debt | HK$184.0m | HK$3.0m | HK$4.0m | HK$503.0m | HK$986.0m | HK$1.0m | HK$619.0m | HK$778.0m |
| Shareholders' equity | HK$300.0m | HK$309.0m | HK$343.0m | HK$309.0m | HK$287.0m | HK$188.0m | HK$246.0m | HK$285.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 50.8% | 51.5% | 8.1% |
| Operating income | -41.1% | -13.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.4% | -2.7% | -4.6% | 2.9% |
| Net margin | 3.6% | -1.1% | -4.4% | 38.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 9.7 | -18.3 | -9.7 | -19.9 | -24.7 | 20.3 | 12.2 | 1.3 | -0.7 |
| Price to sales | 0.6 | 0.6 | 2.8 | 2.2 | 8.5 | 11.7 | 15.0 | 12.4 | 12.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Oct 2008.
| FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.057 | 0.114 | 0.105 | 0.053 | 0.053 | 0.092 | 0.041 | 0.036 |
- 6-for-5 split · 25 May 1993
- 10-to-1 reverse split · 10 Aug 1992
- 13-for-10 split · 11 Sept 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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