F 
1.73
0.00%
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$146.1m
FY2016FY2025
Net income
−HK$64.4m
FY2016FY2025
Free cash flow
−HK$3.0m
FY2016FY2025
Shareholders' equity
HK$128.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$146.1m | HK$140.6m | HK$134.9m | HK$115.1m | HK$1.04bn | HK$493.5m | HK$304.0m | HK$183.0m | HK$96.1m | HK$50.2m |
| Research and development | HK$16.0m | HK$9.0m | HK$19.8m | — | HK$42.8m | HK$271,481 | HK$649,857 | HK$963,867 | HK$233,272 | HK$708,924 |
| Operating income | HK$4.7m | HK$19.7m | HK$828,000 | HK$62.7m | −HK$1.09bn | HK$385.5m | HK$253.6m | HK$119.5m | HK$70.2m | HK$27.8m |
| Net income | −HK$64.4m | −HK$17.1m | HK$559.9m | HK$30.2m | −HK$1.21bn | HK$324.9m | HK$205.8m | HK$102.3m | HK$51.9m | HK$24.6m |
| Diluted earnings per share | -0.32 | -0.09 | 2.92 | 0.16 | -6.32 | 1.62 | 1.03 | 0.53 | 0.27 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$157.8m | HK$134.7m | HK$160.9m | HK$189.7m | HK$397.3m | HK$906.7m | HK$429.2m | HK$242.8m | HK$154.7m | HK$103.2m |
| Cash and short-term investments | HK$112.8m | HK$53.6m | HK$85.5m | HK$119.5m | HK$347.8m | HK$615.9m | HK$248.5m | HK$155.7m | HK$106.0m | HK$80.1m |
| Total liabilities | HK$22.8m | HK$20.7m | HK$20.6m | HK$611.0m | HK$852.9m | HK$90.0m | HK$45.1m | HK$24.0m | HK$15.4m | HK$7.8m |
| Debt | HK$3.4m | HK$2.0m | HK$1.2m | HK$585.9m | HK$620.0m | HK$7.9m | HK$107.7m | — | HK$10.0m | — |
| Shareholders' equity | HK$128.3m | HK$112.3m | HK$131.1m | −HK$430.0m | −HK$461.4m | HK$815.0m | HK$384.4m | HK$218.8m | HK$139.4m | HK$107.4m |
| Shares outstanding | 202m | 192m | 192m | 192m | 192m | 200m | 200m | 192m | 192m | 167m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.7m | HK$6.2m | −HK$23.7m | HK$2.6m | HK$550.6m | HK$418.6m | HK$169.0m | HK$76.4m | HK$46.0m | HK$28.6m |
| Capital spending | −HK$1.3m | −HK$457,000 | −HK$14.9m | −HK$5.3m | −HK$26.8m | −HK$38.2m | −HK$24.1m | −HK$8.4m | −HK$9.3m | −HK$4.1m |
| Free cash flow | −HK$3.0m | HK$5.7m | −HK$38.6m | −HK$2.7m | HK$523.9m | HK$380.5m | HK$145.0m | HK$68.0m | HK$36.8m | HK$24.5m |
| Dividends paid | — | — | — | — | −HK$51.7m | −HK$30.0m | −HK$23.9m | −HK$18.1m | −HK$24.3m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$74.2m | HK$37.1m | HK$36.6m | HK$36.6m | HK$36.4m | HK$36.3m | HK$77.6m | HK$38.8m |
| Operating income | −HK$849,000 | −HK$425,174 | −HK$3.8m | −HK$3.8m | HK$6.2m | HK$6.2m | HK$8.3m | HK$4.1m |
| Net income | −HK$18.3m | −HK$9.1m | −HK$23.1m | −HK$23.1m | −HK$9.1m | −HK$9.1m | −HK$23.8m | −HK$11.9m |
| Diluted earnings per share | -0.08 | -0.04 | -0.11 | -0.11 | -0.05 | -0.05 | -0.12 | -0.06 |
| Cash from operations | −HK$5.0m | — | −HK$4.0m | −HK$4.0m | HK$3.0m | HK$3.0m | HK$4.0m | HK$4.0m |
| Total assets | HK$148.8m | HK$149.0m | HK$157.8m | HK$157.9m | HK$120.1m | HK$119.6m | HK$134.7m | HK$134.5m |
| Cash and short-term investments | HK$91.3m | HK$91.4m | HK$112.8m | HK$112.9m | HK$49.9m | HK$49.7m | HK$53.6m | HK$53.6m |
| Debt | HK$2.8m | HK$2.8m | HK$1.6m | HK$1.6m | HK$2.6m | HK$2.1m | HK$2.0m | HK$1.4m |
| Shareholders' equity | HK$109.1m | HK$109.3m | HK$128.3m | HK$128.3m | HK$96.9m | HK$96.5m | HK$112.3m | HK$112.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.3% | -21.6% | 15.1% |
| Operating income | -57.7% | -58.5% | -9.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.5% | 16.4% | -30.0% | -5.0% |
| Net margin | -28.4% | 94.8% | -18.4% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -28.8 | 1.2 | 43.9 | -2.1 | 8.9 | 4.3 | 9.3 | 8.9 | 9.0 |
| Price to sales | 2.2 | 3.5 | 4.8 | 11.5 | 2.5 | 5.9 | 2.9 | 5.2 | 4.8 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.15 | 0.12 | 0.20 | 0.12 |
- 20-to-1 reverse split · 31 Mar 2025
- 4-for-1 split · 4 May 2021
- 3-for-1 split · 19 Aug 2020
- 2-for-1 split · 5 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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