C 
0.16
—
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$241.1m
FY2016FY2025
Net income
−HK$46.0m
FY2016FY2025
Free cash flow
−HK$2.9m
FY2016FY2025
Shareholders' equity
HK$353.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$241.1m | HK$321.4m | HK$469.1m | HK$643.0m | HK$842.5m | HK$712.9m | HK$713.3m | HK$617.3m | HK$996.0m | HK$937.5m |
| Gross profit | HK$100.6m | HK$129.3m | HK$157.5m | HK$142.5m | HK$170.7m | HK$216.0m | HK$196.8m | HK$150.9m | HK$307.8m | HK$347.4m |
| Research and development | HK$16.1m | HK$20.4m | HK$12.0m | HK$17.3m | HK$13.5m | HK$13.9m | HK$12.1m | HK$22.9m | HK$36.8m | HK$30.2m |
| Operating income | −HK$40.5m | −HK$38.4m | −HK$7.8m | −HK$92.8m | −HK$58.5m | HK$11.3m | −HK$19.1m | −HK$157.1m | HK$24.4m | HK$72.1m |
| Net income | −HK$46.0m | −HK$47.9m | −HK$67.1m | −HK$98.5m | −HK$59.4m | −HK$10.8m | −HK$27.9m | −HK$139.3m | HK$17.3m | HK$55.4m |
| Diluted earnings per share | -0.05 | -0.05 | -0.07 | -0.10 | -0.06 | -0.01 | -0.03 | -0.14 | 0.02 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$706.7m | HK$804.0m | HK$972.9m | HK$1.15bn | HK$1.20bn | HK$1.15bn | HK$989.8m | HK$1.07bn | HK$1.31bn | HK$1.20bn |
| Cash and short-term investments | HK$158.3m | HK$191.5m | HK$144.9m | HK$147.5m | HK$256.4m | HK$242.4m | HK$224.4m | HK$160.3m | HK$247.3m | HK$219.5m |
| Total liabilities | HK$349.5m | HK$422.9m | HK$524.2m | HK$631.9m | HK$670.4m | HK$561.6m | HK$456.1m | HK$496.8m | HK$553.4m | HK$522.8m |
| Debt | HK$167.9m | HK$205.3m | HK$223.0m | HK$246.0m | HK$219.5m | HK$220.0m | HK$218.6m | HK$220.4m | HK$101.8m | HK$114.7m |
| Shareholders' equity | HK$353.1m | HK$377.1m | HK$444.5m | HK$518.1m | HK$529.6m | HK$580.4m | HK$530.6m | HK$569.4m | HK$752.2m | HK$674.8m |
| Shares outstanding | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 750m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.3m | −HK$25.5m | HK$83.6m | −HK$37.1m | HK$20.7m | HK$28.4m | HK$87.5m | −HK$72.0m | −HK$162.1m | HK$16.1m |
| Capital spending | −HK$1.6m | −HK$735,000 | −HK$4.0m | −HK$21.7m | −HK$18.2m | −HK$26.1m | −HK$14.3m | −HK$28.0m | −HK$17.5m | −HK$22.0m |
| Free cash flow | −HK$2.9m | −HK$26.2m | HK$79.6m | −HK$58.9m | HK$2.5m | HK$2.3m | HK$73.2m | −HK$99.9m | −HK$179.7m | −HK$5.9m |
| Dividends paid | — | — | — | — | −HK$10.0m | −HK$10.0m | −HK$10.0m | −HK$10.0m | −HK$10.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$125.7m | HK$134.8m | HK$106.3m | HK$173.0m | HK$148.3m | HK$225.2m | HK$243.9m | HK$332.9m |
| Gross profit | HK$54.3m | HK$58.6m | HK$42.0m | HK$71.2m | HK$58.1m | HK$84.2m | HK$73.4m | HK$80.0m |
| Operating income | −HK$1.1m | −HK$6.3m | −HK$11.4m | −HK$15.7m | −HK$8.5m | −HK$36.4m | −HK$9.6m | −HK$46.4m |
| Net income | −HK$19.7m | −HK$16.8m | −HK$29.2m | −HK$32.9m | −HK$15.0m | −HK$55.6m | −HK$11.5m | −HK$47.7m |
| Diluted earnings per share | -0.02 | -0.02 | -0.03 | -0.03 | -0.01 | -0.06 | -0.01 | -0.05 |
| Cash from operations | HK$10.0m | HK$21.0m | −HK$21.0m | HK$7.0m | −HK$30.0m | HK$73.0m | HK$11.0m | HK$48.0m |
| Capital spending | — | −HK$1.0m | — | — | — | −HK$1.0m | −HK$2.0m | −HK$3.0m |
| Free cash flow | — | HK$20.0m | — | — | — | HK$72.0m | HK$9.0m | HK$45.0m |
| Total assets | HK$711.0m | HK$706.7m | HK$717.0m | HK$804.0m | HK$858.1m | HK$972.9m | HK$1.02bn | HK$1.15bn |
| Cash and short-term investments | HK$168.3m | HK$158.3m | HK$115.4m | HK$191.5m | HK$146.9m | HK$144.9m | HK$123.8m | HK$147.5m |
| Debt | HK$89.6m | HK$167.9m | HK$165.2m | HK$205.3m | HK$197.0m | HK$223.0m | HK$219.2m | HK$246.0m |
| Shareholders' equity | HK$350.0m | HK$353.1m | HK$362.8m | HK$377.1m | HK$416.6m | HK$444.5m | HK$481.0m | HK$518.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.9% | -19.5% | -12.0% |
| Operating income | -24.1% | — | — |
| Net income | -22.4% | 33.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.9% | 31.6% | 28.4% | 30.5% |
| Operating margin | -14.0% | -10.7% | -7.0% | -3.4% |
| Net margin | -16.7% | -15.5% | -10.2% | -5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -5.2 | -3.9 | -3.7 | -7.7 | -42.6 | -17.6 | -3.5 | 31.7 |
| Price to sales | 0.6 | 0.8 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 May 2021.
| FY2021 | FY2020 | |
|---|---|---|
| Paid in the year | 0.01 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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