L 
0.36
+14.52%
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$5.00bn
FY2016FY2025
Net income
−HK$1.68bn
FY2016FY2025
Free cash flow
HK$196.3m
FY2016FY2025
Shareholders' equity
HK$14.39bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.00bn | HK$6.10bn | HK$4.99bn | HK$5.19bn | HK$6.09bn | HK$5.32bn | HK$6.61bn | HK$1.80bn | HK$1.81bn | HK$1.97bn |
| Gross profit | HK$1.09bn | HK$1.61bn | HK$1.66bn | HK$1.66bn | HK$1.40bn | HK$1.67bn | HK$2.47bn | HK$1.07bn | HK$1.05bn | HK$1.08bn |
| Operating income | −HK$660.7m | −HK$522.6m | −HK$596.0m | −HK$987.1m | −HK$961.4m | −HK$610.7m | HK$270.5m | HK$324.6m | HK$519.7m | HK$565.0m |
| Net income | −HK$1.68bn | −HK$2.17bn | −HK$1.67bn | −HK$1.20bn | −HK$1.27bn | −HK$1.97bn | HK$2.80bn | HK$2.57bn | HK$1.46bn | HK$683.3m |
| Diluted earnings per share | -1.90 | -2.45 | -2.16 | -1.93 | -2.50 | -3.77 | 5.39 | 4.91 | 2.81 | 1.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$67.03bn | HK$70.34bn | HK$77.02bn | HK$84.50bn | HK$89.51bn | HK$80.61bn | HK$82.74bn | HK$50.72bn | HK$42.46bn | HK$38.44bn |
| Cash and short-term investments | HK$3.20bn | HK$2.90bn | HK$3.80bn | HK$5.68bn | HK$8.92bn | HK$4.34bn | HK$4.12bn | HK$4.10bn | HK$3.18bn | HK$2.91bn |
| Total liabilities | HK$52.64bn | HK$54.38bn | HK$58.73bn | HK$65.23bn | HK$67.78bn | HK$58.74bn | HK$60.13bn | HK$30.88bn | HK$24.42bn | HK$21.98bn |
| Debt | HK$27.10bn | HK$27.18bn | HK$27.99bn | HK$30.44bn | HK$29.00bn | HK$24.36bn | HK$20.41bn | HK$12.94bn | HK$11.38bn | HK$9.97bn |
| Shareholders' equity | HK$14.39bn | HK$15.96bn | HK$18.29bn | HK$19.27bn | HK$21.73bn | HK$21.87bn | HK$22.61bn | HK$19.84bn | HK$18.04bn | HK$16.45bn |
| Shares outstanding | 883m | 883m | 771m | 620m | 507m | 522m | 519m | 521m | 516m | 484m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$292.7m | −HK$758.4m | −HK$420.6m | −HK$4.33bn | HK$1.20bn | −HK$274.9m | −HK$1.69bn | HK$792.9m | HK$372.2m | −HK$54.2m |
| Capital spending | −HK$96.4m | −HK$144.6m | −HK$190.5m | −HK$269.0m | −HK$459.2m | −HK$644.5m | −HK$1.65bn | −HK$1.23bn | −HK$1.02bn | −HK$554.6m |
| Free cash flow | HK$196.3m | −HK$902.9m | −HK$611.1m | −HK$4.59bn | HK$741.7m | −HK$919.4m | −HK$3.34bn | −HK$440.1m | −HK$648.1m | −HK$608.8m |
| Dividends paid | — | — | — | — | — | −HK$12.7m | −HK$12.4m | −HK$2.0m | −HK$10.3m | −HK$18.8m |
Latest quarters
By quarter end
| Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.40bn | HK$2.60bn | HK$3.01bn | HK$3.09bn | HK$2.48bn | HK$1.25bn | HK$2.51bn | HK$1.28bn |
| Gross profit | HK$112.2m | HK$981.4m | HK$506.0m | HK$1.11bn | −HK$151.1m | −HK$67.5m | HK$952.8m | HK$498.4m |
| Operating income | −HK$703.1m | HK$189.5m | −HK$823.4m | HK$158.8m | −HK$1.42bn | −HK$972.1m | −HK$280,000 | −HK$269.5m |
| Net income | −HK$1.55bn | −HK$123.3m | −HK$1.05bn | −HK$1.12bn | −HK$846.8m | — | −HK$818.6m | −HK$812.0m |
| Diluted earnings per share | -1.76 | -0.14 | -1.19 | -1.26 | -0.96 | -0.48 | -1.24 | -1.22 |
| Total assets | HK$67.03bn | HK$68.99bn | HK$70.34bn | HK$74.45bn | HK$77.02bn | — | HK$81.07bn | HK$81.07bn |
| Cash and short-term investments | HK$3.20bn | HK$2.61bn | HK$2.90bn | HK$3.11bn | HK$3.80bn | — | HK$4.20bn | HK$4.20bn |
| Debt | HK$11.34bn | HK$19.92bn | HK$24.36bn | HK$25.95bn | HK$21.70bn | HK$21.70bn | HK$22.40bn | HK$22.40bn |
| Shareholders' equity | HK$14.39bn | HK$15.76bn | HK$15.96bn | HK$17.10bn | HK$18.29bn | — | HK$18.90bn | HK$42.11bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | -1.3% | 11.8% |
| Operating income | -12.5% | 1.6% | — |
| Net income | 11.9% | -3.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 28.3% | 27.8% | 33.9% |
| Operating margin | -10.7% | -13.0% | -13.3% | -4.6% |
| Net margin | -34.7% | -31.5% | -30.4% | -2.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.2 | -0.4 | -0.8 | -1.4 | -1.2 | 1.4 | 1.7 | 3.4 | 4.3 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.5 | 0.6 | 2.4 | 2.7 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Dec 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY1998 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.055 | 0.055 | 0.051 | 0.061 | 0.055 | 0.055 | 0.41 |
- 5-to-1 reverse split · 15 Aug 2017
- 5-to-1 reverse split · 11 Jun 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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