M 
0.45
—
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$320.5m
FY2017FY2026
Net income
HK$6.0m
FY2017FY2026
Free cash flow
−HK$71.8m
FY2017FY2026
Shareholders' equity
HK$528.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$320.5m | HK$412.2m | HK$603.5m | HK$607.2m | HK$717.7m | HK$536.0m | HK$299.8m | HK$376.6m | HK$421.1m | HK$501.9m |
| Gross profit | HK$26.8m | HK$29.7m | HK$55.5m | HK$37.8m | HK$54.6m | HK$74.8m | HK$49.2m | HK$74.5m | HK$117.2m | HK$91.7m |
| Operating income | HK$2.2m | HK$1.7m | HK$23.1m | HK$1.1m | HK$2.7m | HK$5.0m | HK$2.4m | HK$5.6m | HK$67.6m | HK$68.1m |
| Net income | HK$6.0m | HK$9.1m | HK$11.5m | HK$12.1m | HK$24.6m | HK$38.9m | HK$24.2m | HK$22.9m | HK$50.1m | HK$55.3m |
| Diluted earnings per share | 0.01 | 0.02 | 0.03 | 0.03 | 0.06 | 0.09 | 0.06 | 0.05 | 0.12 | 0.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$611.1m | HK$628.2m | HK$648.0m | HK$659.2m | HK$669.1m | HK$672.6m | HK$621.7m | HK$672.1m | HK$383.1m | HK$410.8m |
| Cash and short-term investments | HK$136.8m | HK$218.6m | HK$193.3m | HK$77.6m | HK$86.6m | HK$236.0m | HK$297.7m | HK$304.6m | HK$40.6m | HK$47.1m |
| Total liabilities | HK$83.1m | HK$104.0m | HK$121.5m | HK$127.2m | HK$129.8m | HK$126.8m | HK$106.8m | HK$163.2m | HK$254.4m | HK$335.4m |
| Debt | HK$388,000 | HK$873,000 | HK$206,000 | HK$351,000 | HK$100,000 | HK$331,000 | HK$175,000 | HK$13.2m | HK$77.5m | HK$127.0m |
| Shareholders' equity | HK$528.0m | HK$524.2m | HK$526.5m | HK$532.0m | HK$539.3m | HK$545.9m | HK$514.9m | HK$508.8m | HK$128.7m | HK$75.4m |
| Shares outstanding | 406m | 407m | 411m | 415m | 419m | 428m | 436m | 436m | 434m | 431m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$71.5m | HK$31.8m | HK$133.4m | HK$14.9m | −HK$43.1m | −HK$47.8m | HK$15.1m | −HK$29.7m | HK$5.3m | HK$114.7m |
| Capital spending | −HK$345,000 | −HK$812,000 | −HK$462,000 | −HK$462,000 | −HK$1.4m | −HK$776,000 | −HK$1.0m | −HK$4.2m | −HK$5.3m | −HK$1.9m |
| Free cash flow | −HK$71.8m | HK$31.0m | HK$132.9m | HK$14.5m | −HK$44.5m | −HK$48.6m | HK$14.1m | −HK$33.9m | HK$33,000 | HK$112.8m |
| Dividends paid | −HK$4.5m | −HK$9.0m | −HK$10.4m | −HK$12.1m | −HK$17.8m | −HK$15.7m | −HK$14.0m | −HK$14.0m | −HK$14.0m | −HK$14.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$176.6m | HK$143.9m | HK$140.5m | HK$271.7m | HK$278.5m | HK$325.1m | HK$303.1m | HK$304.1m |
| Gross profit | HK$19.1m | HK$10.7m | HK$9.5m | HK$20.2m | HK$24.0m | HK$31.5m | HK$24.4m | HK$10.5m |
| Operating income | HK$2.9m | −HK$668,000 | −HK$2.8m | HK$4.8m | HK$13.8m | HK$9.3m | HK$11.1m | −HK$2.7m |
| Net income | HK$5.1m | HK$901,000 | HK$2.4m | HK$6.8m | HK$6.9m | HK$4.5m | HK$10.2m | HK$1.9m |
| Diluted earnings per share | 0.01 | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.00 |
| Cash from operations | −HK$30.0m | −HK$41.0m | HK$30.0m | HK$8.0m | HK$87.0m | HK$47.0m | HK$58.0m | −HK$43.0m |
| Total assets | HK$611.1m | HK$619.3m | HK$628.2m | HK$657.5m | HK$648.0m | HK$655.0m | HK$659.2m | HK$664.8m |
| Cash and short-term investments | HK$136.8m | HK$172.7m | HK$218.6m | HK$194.0m | HK$193.3m | HK$110.6m | HK$77.6m | HK$27.8m |
| Debt | HK$316,000 | HK$570,000 | HK$873,000 | HK$1.0m | HK$183,000 | HK$317,000 | HK$351,000 | −HK$27.8m |
| Shareholders' equity | HK$528.0m | HK$522.6m | HK$524.2m | HK$527.7m | HK$526.5m | HK$523.2m | HK$532.0m | HK$523.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.2% | -9.8% | -1.4% |
| Operating income | 27.3% | -15.0% | -24.5% |
| Net income | -21.0% | -31.3% | -15.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 7.7% | 8.7% | 12.9% |
| Operating margin | 0.5% | 1.4% | 1.1% | 4.2% |
| Net margin | 2.1% | 2.0% | 3.2% | 5.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.6 | 20.5 | 16.0 | 13.7 | 7.7 | 8.7 | 11.2 | 14.7 |
| Price to sales | 0.6 | 0.5 | 0.3 | 0.3 | 0.3 | 0.6 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 25 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.022 | 0.025 | 0.029 | 0.042 | 0.036 | 0.032 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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