K 
0.05
-11.11%
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$106.1m
FY2016FY2025
Net income
−HK$4.7m
FY2016FY2025
Free cash flow
−HK$6.1m
FY2016FY2025
Shareholders' equity
−HK$60.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$106.1m | HK$139.6m | HK$178.5m | HK$135.6m | HK$274.6m | HK$236.4m | HK$352.9m | HK$360.5m | HK$307.0m | HK$278.4m |
| Operating income | −HK$26.6m | −HK$39.9m | HK$15.3m | −HK$36.4m | −HK$36.6m | −HK$27.8m | −HK$38.7m | HK$7.7m | HK$30.7m | HK$24.4m |
| Net income | −HK$4.7m | −HK$48.7m | HK$8.0m | −HK$41.4m | −HK$92.4m | −HK$39.8m | −HK$59.3m | HK$2.3m | HK$23.2m | HK$11.3m |
| Diluted earnings per share | -0.00 | -0.04 | 0.01 | -0.04 | -0.09 | -0.04 | -0.07 | 0.00 | 0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$62.3m | HK$87.6m | HK$108.0m | HK$141.9m | HK$206.5m | HK$330.7m | HK$374.7m | HK$181.3m | HK$198.9m | HK$174.4m |
| Cash and short-term investments | HK$3.9m | HK$10.6m | HK$16.9m | HK$24.3m | HK$26.8m | HK$28.9m | HK$71.2m | HK$60.4m | HK$67.5m | HK$83.6m |
| Total liabilities | HK$128.2m | HK$152.0m | HK$165.7m | HK$208.6m | HK$245.5m | HK$270.6m | HK$281.9m | HK$58.0m | HK$62.5m | HK$55.6m |
| Debt | HK$24.1m | HK$55.1m | HK$74.0m | HK$121.6m | HK$165.9m | HK$191.0m | HK$216.3m | HK$10.8m | HK$14.2m | HK$19.9m |
| Shareholders' equity | −HK$60.9m | −HK$59.6m | −HK$52.8m | −HK$61.6m | −HK$35.3m | HK$55.9m | HK$92.8m | HK$123.3m | HK$136.4m | HK$118.8m |
| Shares outstanding | 1,416m | 1,344m | 1,105m | 1,010m | 1,000m | 1,000m | 817m | 800m | 808m | 808m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$6.1m | HK$9.8m | HK$34.5m | HK$10.3m | HK$42.0m | HK$28.3m | HK$58.7m | HK$13.3m | HK$31.2m | HK$3.1m |
| Capital spending | −HK$6,000 | −HK$8.7m | −HK$5.5m | −HK$3.4m | −HK$4.1m | −HK$11.1m | −HK$40.1m | −HK$5.9m | −HK$34.7m | −HK$3.0m |
| Free cash flow | −HK$6.1m | HK$1.1m | HK$29.1m | HK$6.9m | HK$37.9m | HK$17.1m | HK$18.6m | HK$7.4m | −HK$3.5m | HK$108,000 |
| Dividends paid | — | — | — | — | — | — | −HK$4.0m | −HK$12.0m | −HK$6.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$41.0m | HK$20.5m | HK$41.9m | HK$20.9m | HK$32.1m | HK$32.1m | HK$32.6m | HK$32.6m |
| Operating income | −HK$14.6m | HK$258,500 | −HK$18.2m | −HK$20.8m | HK$6.2m | HK$6.2m | HK$666,000 | HK$666,000 |
| Net income | −HK$10.2m | −HK$5.1m | HK$6.9m | HK$3.5m | −HK$5.8m | −HK$5.8m | −HK$17.4m | −HK$17.4m |
| Diluted earnings per share | -0.01 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 |
| Cash from operations | HK$3.0m | — | −HK$15.0m | −HK$7.0m | HK$9.0m | HK$5.0m | HK$2.0m | HK$2.0m |
| Capital spending | — | — | — | — | — | — | −HK$8.0m | −HK$4.0m |
| Free cash flow | — | — | — | — | — | — | −HK$6.0m | −HK$2.0m |
| Total assets | HK$77.5m | HK$77.5m | HK$62.3m | HK$62.3m | HK$86.6m | HK$86.6m | HK$87.6m | HK$87.6m |
| Cash and short-term investments | HK$3.5m | HK$3.5m | HK$3.9m | HK$3.9m | HK$5.7m | HK$5.7m | HK$10.6m | HK$10.6m |
| Debt | HK$2.4m | HK$2.4m | HK$24.1m | HK$17.0m | HK$45.2m | HK$14.5m | HK$55.1m | HK$20.1m |
| Shareholders' equity | −HK$71.3m | −HK$71.3m | −HK$60.9m | −HK$60.9m | −HK$67.2m | −HK$67.2m | −HK$59.6m | −HK$59.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.8% | -14.8% | -8.5% |
| Operating income | -9.9% | -0.9% | — |
| Net income | -51.6% | -34.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -27.1% | -15.6% | -14.2% | -4.1% |
| Net margin | -21.7% | -15.5% | -20.4% | -9.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -38.4 | -3.6 | 24.6 | -6.0 | -3.3 | -5.8 | -4.5 | 94.6 | 14.5 | 254.0 |
| Price to sales | 1.7 | 1.3 | 1.1 | 1.8 | 1.1 | 1.0 | 0.8 | 0.6 | 1.1 | 10.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 May 2019.
| FY2019 | FY2018 | FY2017 | |
|---|---|---|---|
| Paid in the year | 0.005 | 0.015 | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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