C 
0.19
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$53.4m
FY2016FY2025
Net income
−HK$13.9m
FY2016FY2025
Free cash flow
−HK$140.7m
FY2016FY2025
Shareholders' equity
HK$821.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$53.4m | HK$56.4m | HK$36.9m | HK$87.3m | HK$116.1m | HK$100.3m | HK$432.2m | HK$316.2m | HK$82.4m | HK$88.5m |
| Operating income | −HK$27.6m | −HK$13.5m | −HK$23.3m | −HK$18.1m | −HK$13.0m | −HK$4.3m | HK$206.7m | HK$127.3m | HK$48.6m | −HK$41.1m |
| Net income | −HK$13.9m | HK$5.6m | −HK$30.0m | −HK$98.3m | −HK$34.1m | −HK$29.5m | HK$150.0m | HK$37.2m | HK$60.3m | −HK$133.6m |
| Diluted earnings per share | -0.07 | 0.03 | -0.15 | -0.51 | -0.18 | -0.15 | 0.77 | 0.19 | 0.31 | -0.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$832.5m | HK$807.1m | HK$803.9m | HK$980.9m | HK$1.13bn | HK$1.20bn | HK$1.33bn | HK$1.29bn | HK$1.47bn | HK$1.16bn |
| Cash and short-term investments | HK$303.8m | HK$274.9m | HK$269.7m | HK$388.8m | HK$487.0m | HK$549.7m | HK$607.3m | HK$326.9m | HK$207.1m | HK$115.9m |
| Total liabilities | HK$11.5m | −HK$15.9m | −HK$16.0m | HK$117.1m | HK$157.0m | HK$212.5m | HK$302.1m | HK$396.2m | HK$619.1m | HK$375.7m |
| Debt | HK$8.7m | — | — | HK$307,000 | HK$3.0m | HK$5.7m | — | — | — | — |
| Shareholders' equity | HK$821.1m | HK$823.0m | HK$820.0m | HK$863.8m | HK$970.5m | HK$983.8m | HK$1.02bn | HK$891.0m | HK$854.0m | HK$783.3m |
| Shares outstanding | 211m | 194m | 194m | 194m | 194m | 194m | 194m | 194m | 194m | 185m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$131.9m | −HK$15.0m | −HK$142.2m | HK$128.4m | −HK$14.4m | HK$19.0m | HK$43.2m | HK$324.7m | HK$67.3m | −HK$162.4m |
| Capital spending | −HK$8.9m | −HK$19.8m | −HK$66,000 | — | −HK$20,000 | −HK$1.1m | −HK$303,000 | −HK$149,000 | −HK$2.4m | −HK$220,000 |
| Free cash flow | −HK$140.7m | −HK$34.8m | −HK$142.2m | HK$128.4m | −HK$14.4m | HK$17.9m | HK$42.9m | HK$324.5m | HK$64.9m | −HK$162.6m |
Latest quarters
By quarter end
| Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$21.9m | HK$31.5m | HK$31.5m | HK$24.9m | HK$20.0m | HK$10.0m | HK$16.9m | HK$8.4m |
| Operating income | −HK$10.8m | −HK$8.4m | −HK$5.2m | −HK$8.3m | −HK$24.5m | −HK$10.2m | −HK$12.7m | — |
| Net income | −HK$5.9m | −HK$8.0m | −HK$757,000 | HK$6.3m | −HK$20.1m | −HK$10.9m | −HK$9.8m | — |
| Diluted earnings per share | -0.03 | -0.04 | -0.00 | 0.03 | -0.10 | -0.05 | -0.05 | -0.03 |
| Cash from operations | HK$20.0m | −HK$152.0m | HK$1.0m | −HK$16.0m | −HK$13.0m | — | −HK$129.0m | — |
| Capital spending | −HK$2.0m | −HK$5.0m | −HK$10.0m | −HK$9.0m | — | — | — | — |
| Free cash flow | HK$18.0m | −HK$157.0m | −HK$9.0m | −HK$25.0m | — | — | — | — |
| Total assets | HK$832.5m | HK$812.4m | HK$807.1m | HK$805.3m | HK$803.9m | HK$803.9m | HK$843.3m | — |
| Cash and short-term investments | HK$303.8m | HK$274.8m | HK$274.9m | HK$269.5m | HK$269.7m | HK$269.7m | HK$303.1m | — |
| Debt | HK$6.3m | HK$13.9m | — | — | — | — | — | — |
| Shareholders' equity | HK$821.1m | HK$813.7m | HK$823.0m | HK$825.6m | HK$820.0m | HK$765.9m | HK$853.4m | HK$805.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.1% | -11.8% | -7.4% |
| Operating income | 15.0% | 44.9% | -4.2% |
| Net income | -47.9% | -14.0% | -12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -37.4% | -35.3% | -22.2% | 13.4% |
| Net margin | -7.6% | -58.4% | -44.4% | -9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.9 | 11.3 | -1.1 | -0.4 | -1.6 | -2.6 | 1.1 | 9.2 | 4.9 | -2.3 |
| Price to sales | 0.8 | 1.1 | 0.9 | 0.4 | 0.5 | 0.8 | 0.4 | 1.1 | 3.6 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Dec 1992.
- 20-to-1 reverse split · 13 Mar 2019
- 10-to-1 reverse split · 10 May 2010
- 5-for-1 split · 21 Dec 2005
- 100-to-1 reverse split · 30 Sept 2005
- 11-for-10 split · 14 Dec 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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