A 
0.15
-0.68%
Close of 9 Nov 2026, in HKD
Search any instrument
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$148.1m
FY2016FY2025
Net income
−HK$49.1m
FY2016FY2025
Free cash flow
−HK$23.5m
FY2016FY2025
Shareholders' equity
HK$135.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$148.1m | HK$200.6m | HK$192.4m | HK$152.2m | HK$163.1m | HK$435.8m | HK$479.5m | HK$466.1m | HK$423.8m | HK$481.0m |
| Gross profit | HK$5.8m | HK$48.1m | HK$52.8m | HK$37.4m | HK$40.0m | −HK$29.2m | HK$93.9m | HK$91.1m | HK$86.9m | HK$84.6m |
| Operating income | −HK$47.3m | HK$11.3m | HK$27.1m | HK$19.8m | HK$24.6m | −HK$55.6m | HK$69.8m | HK$111.2m | HK$72.8m | HK$69.9m |
| Net income | −HK$49.1m | HK$4.4m | HK$20.0m | −HK$74.6m | −HK$187.5m | −HK$47.8m | HK$41.0m | HK$80.1m | HK$52.7m | HK$50.0m |
| Diluted earnings per share | -0.05 | 0.01 | 0.03 | -0.12 | -0.32 | -0.09 | 0.08 | 0.19 | 0.10 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$252.6m | HK$251.2m | HK$205.9m | HK$160.7m | HK$361.2m | HK$484.0m | HK$495.6m | HK$371.7m | HK$411.1m | HK$376.9m |
| Cash and short-term investments | HK$83.4m | HK$69.0m | HK$46.5m | HK$33.0m | HK$96.1m | HK$107.3m | HK$206.6m | HK$72.6m | HK$181.5m | HK$162.3m |
| Total liabilities | HK$115.5m | HK$139.9m | HK$100.2m | HK$75.6m | HK$207.0m | HK$166.1m | HK$121.4m | HK$105.3m | HK$172.1m | HK$205.4m |
| Debt | HK$50.8m | HK$84.9m | HK$62.0m | HK$48.0m | HK$53.8m | HK$6.5m | HK$8.4m | HK$12.9m | HK$15.9m | HK$25.2m |
| Shareholders' equity | HK$135.7m | HK$108.1m | HK$104.7m | HK$84.7m | HK$154.2m | HK$317.9m | HK$374.3m | HK$231.6m | HK$205.0m | HK$147.0m |
| Shares outstanding | 971m | 624m | 624m | 624m | 586m | 520m | 520m | 421m | 520m | 520m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$20.3m | HK$22.5m | HK$2.6m | −HK$24.1m | −HK$70.1m | −HK$110.2m | HK$28.3m | −HK$63.8m | HK$30.6m | HK$22.8m |
| Capital spending | −HK$3.2m | −HK$26.2m | −HK$959,000 | −HK$441,000 | −HK$142,000 | −HK$2.2m | −HK$1.6m | −HK$1.3m | −HK$254,000 | −HK$410,000 |
| Free cash flow | −HK$23.5m | −HK$3.7m | HK$1.7m | −HK$24.5m | −HK$70.3m | −HK$112.4m | HK$26.7m | −HK$65.1m | HK$30.3m | HK$22.4m |
| Dividends paid | — | — | — | — | — | −HK$5.2m | −HK$45.0m | −HK$8.9m | −HK$750,000 | −HK$300,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$119.0m | HK$80.7m | HK$67.4m | HK$116.7m | HK$83.9m | HK$116.7m | HK$75.7m | HK$74.4m |
| Gross profit | HK$14.9m | HK$4.0m | HK$1.9m | HK$27.2m | HK$19.8m | HK$27.0m | HK$23.5m | HK$22.4m |
| Operating income | −HK$16.4m | −HK$25.7m | −HK$21.7m | HK$2.9m | HK$8.0m | HK$13.9m | HK$13.5m | HK$13.2m |
| Net income | −HK$16.6m | −HK$26.4m | −HK$22.8m | −HK$183,000 | HK$4.6m | HK$10.2m | HK$9.9m | −HK$17.8m |
| Diluted earnings per share | -0.02 | -0.03 | -0.02 | -0.00 | 0.01 | 0.02 | 0.02 | -0.03 |
| Cash from operations | — | −HK$10.0m | −HK$10.0m | HK$21.0m | −HK$2.0m | HK$20.0m | −HK$20.0m | HK$8.0m |
| Capital spending | — | — | −HK$2.0m | −HK$25.0m | — | — | — | — |
| Free cash flow | — | — | −HK$12.0m | −HK$4.0m | — | — | — | — |
| Total assets | HK$236.5m | HK$252.6m | HK$244.6m | HK$251.2m | HK$209.2m | HK$205.9m | HK$172.5m | HK$160.7m |
| Cash and short-term investments | HK$88.4m | HK$83.4m | HK$53.6m | HK$69.0m | HK$48.5m | HK$46.3m | HK$29.1m | HK$48.9m |
| Debt | HK$45.5m | HK$50.8m | HK$51.0m | HK$84.9m | HK$65.2m | HK$62.0m | HK$49.2m | HK$48.0m |
| Shareholders' equity | HK$118.7m | HK$135.7m | HK$135.1m | HK$108.1m | HK$109.3m | HK$104.7m | HK$94.5m | HK$85.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.9% | -19.4% | — |
| Operating income | — | -3.2% | — |
| Net income | -13.0% | 0.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.5% | 20.8% | 12.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -5.8 | 140.8 | 30.1 | -5.3 | -3.3 | -1.3 | 5.1 |
| Price to sales | 1.9 | 3.1 | 3.1 | 2.6 | 3.8 | 0.1 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jun 2020.
| FY2020 | |
|---|---|
| Paid in the year | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.