S 
26.40
+0.15%
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$16.04bn
FY2016FY2025
Net income
−HK$1.53bn
FY2016FY2025
Free cash flow
HK$7.29bn
FY2016FY2025
Shareholders' equity
HK$269.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$16.04bn | HK$14.43bn | HK$15.50bn | HK$13.88bn | HK$16.37bn | HK$13.36bn | HK$14.28bn | HK$15.63bn | HK$19.15bn | HK$17.23bn |
| Research and development | — | — | HK$0 | HK$1 | HK$0 | HK$0 | HK$1 | — | — | — |
| Operating income | HK$8.09bn | HK$1.70bn | HK$5.18bn | HK$9.02bn | HK$8.13bn | HK$6.37bn | HK$8.37bn | HK$9.56bn | HK$9.51bn | HK$9.28bn |
| Net income | −HK$1.53bn | −HK$766.0m | HK$2.64bn | HK$7.98bn | HK$7.11bn | HK$4.10bn | HK$13.42bn | HK$28.67bn | HK$33.96bn | HK$15.05bn |
| Diluted earnings per share | -0.27 | -0.13 | 0.45 | 1.36 | 1.22 | 0.70 | 2.29 | 4.90 | 5.80 | 2.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$353.53bn | HK$355.43bn | HK$354.49bn | HK$337.16bn | HK$339.67bn | HK$337.39bn | HK$337.86bn | HK$333.65bn | HK$314.31bn | HK$281.71bn |
| Cash and short-term investments | HK$10.18bn | HK$5.12bn | HK$5.10bn | HK$4.50bn | HK$14.83bn | HK$21.23bn | HK$14.98bn | HK$2.09bn | HK$1.71bn | HK$1.68bn |
| Total liabilities | HK$82.19bn | HK$77.00bn | HK$66.34bn | HK$44.90bn | HK$46.06bn | HK$46.71bn | HK$48.95bn | HK$30.84bn | HK$28.75bn | HK$29.56bn |
| Debt | HK$49.72bn | HK$50.89bn | HK$41.78bn | HK$23.70bn | HK$25.65bn | HK$27.84bn | HK$30.28bn | HK$32.00bn | HK$37.37bn | HK$37.38bn |
| Shareholders' equity | HK$269.46bn | HK$275.33bn | HK$285.08bn | HK$289.21bn | HK$291.62bn | HK$288.74bn | HK$286.93bn | HK$279.27bn | HK$257.38bn | HK$225.37bn |
| Shares outstanding | 5,767m | 5,841m | 5,850m | 5,850m | 5,850m | 5,850m | 5,850m | 5,850m | 5,850m | 5,850m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$7.47bn | HK$3.76bn | HK$5.45bn | HK$4.76bn | HK$5.04bn | HK$5.47bn | HK$4.38bn | HK$9.39bn | HK$11.76bn | HK$8.63bn |
| Capital spending | −HK$182.0m | −HK$322.0m | −HK$203.0m | −HK$191.0m | −HK$232.0m | −HK$160.0m | −HK$143.0m | −HK$86.0m | −HK$142.0m | −HK$154.0m |
| Free cash flow | HK$7.29bn | HK$3.44bn | HK$5.24bn | HK$4.57bn | HK$4.81bn | HK$5.31bn | HK$4.23bn | HK$9.30bn | HK$11.61bn | HK$8.47bn |
| Dividends paid | −HK$6.40bn | −HK$6.20bn | −HK$5.91bn | −HK$5.62bn | −HK$5.38bn | −HK$5.21bn | −HK$5.03bn | −HK$4.62bn | −HK$4.27bn | −HK$4.15bn |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$9.41bn | HK$7.46bn | HK$8.18bn | HK$8.07bn | HK$7.63bn | HK$7.42bn | HK$7.32bn | HK$7.16bn |
| Operating income | HK$4.51bn | HK$3.76bn | HK$355.0m | −HK$1.51bn | HK$3.22bn | HK$3.90bn | HK$4.30bn | HK$3.58bn |
| Net income | HK$3.63bn | −HK$331.0m | −HK$1.20bn | −HK$2.56bn | HK$1.80bn | HK$414.0m | HK$2.22bn | HK$3.66bn |
| Diluted earnings per share | 0.63 | -0.06 | -0.21 | -0.44 | 0.31 | 0.07 | 0.38 | 0.63 |
| Cash from operations | HK$5.22bn | HK$2.60bn | HK$4.88bn | HK$1.32bn | HK$2.44bn | HK$2.07bn | HK$3.37bn | HK$1.58bn |
| Capital spending | −HK$96.0m | −HK$90.0m | −HK$92.0m | −HK$159.0m | −HK$128.0m | −HK$154.0m | −HK$127.0m | −HK$107.0m |
| Free cash flow | HK$5.13bn | HK$2.51bn | HK$4.78bn | HK$1.16bn | HK$2.32bn | HK$1.92bn | HK$3.25bn | HK$1.47bn |
| Total assets | HK$357.13bn | HK$353.53bn | HK$357.77bn | HK$355.43bn | HK$353.85bn | HK$354.49bn | HK$346.29bn | HK$337.16bn |
| Cash and short-term investments | HK$9.42bn | HK$10.18bn | HK$13.25bn | HK$5.12bn | HK$5.53bn | HK$5.10bn | HK$4.25bn | HK$4.50bn |
| Debt | HK$10.85bn | HK$49.81bn | HK$56.11bn | HK$48.87bn | HK$43.41bn | HK$41.78bn | HK$33.84bn | HK$23.70bn |
| Shareholders' equity | HK$271.06bn | HK$269.46bn | HK$270.67bn | HK$275.33bn | HK$281.07bn | HK$285.08bn | HK$285.41bn | HK$289.21bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 50.4% | 11.8% | 33.4% | 65.0% | 49.7% | 47.7% | — |
| Net margin | -9.6% | -5.3% | 17.0% | 57.5% | 43.4% | 30.7% | — |
| Return on equity | -0.6% | -0.3% | 0.9% | 2.8% | 2.4% | 1.4% | — |
| Return on assets | -0.4% | -0.2% | 0.7% | 2.4% | 2.1% | 1.2% | — |
| Free cash flow yield | 5.4% | 2.9% | 4.0% | 3.5% | 3.7% | 3.9% | — |
| Revenue growth | 11.2% | -6.9% | 11.6% | -15.2% | 22.6% | -6.5% | — |
| Earnings growth | 100.1% | -129.0% | -67.0% | 12.2% | 73.6% | -69.5% | — |
| Current ratio | 2.99x | 1.38x | 0.67x | 39.84x | 0.79x | 2.64x | — |
| Debt to equity | 0.18x | 0.18x | 0.14x | 0.08x | 0.09x | 0.09x | — |
| Equity ratio | 76.2% | 77.5% | 80.4% | 85.8% | 85.9% | 85.6% | — |
| Interest coverage | 6.23x | 1.64x | 3.44x | 46.04x | 20.48x | 6.80x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 1.3% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 3.7% | -0.5% |
| Operating income | -3.6% | 4.9% | -1.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 32.1% | 40.1% | 43.0% | 49.2% |
| Net margin | -7.5% | 13.9% | 21.8% | 72.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -78.9 | -120.6 | 35.0 | 14.5 | 16.1 | 32.2 | 11.3 | 5.6 | 4.3 | 8.3 |
| Price to sales | 7.5 | 6.4 | 6.0 | 8.4 | 7.0 | 9.9 | 10.6 | 10.3 | 7.7 | 7.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 2 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.17 | 1.11 | 1.10 | 1.01 | 0.96 | 0.92 | 0.89 | 0.86 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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