I 
0.73
+5.80%
Close of 9 Nov 2026, in HKD
Search any instrument
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$389.5m
FY2016FY2025
Net income
−HK$813.0m
FY2016FY2025
Free cash flow
HK$134.9m
FY2016FY2025
Shareholders' equity
HK$2.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$389.5m | HK$100.1m | HK$77.5m | HK$317.4m | HK$228.1m | HK$113.9m | HK$185.5m | HK$176.9m | HK$144.1m | HK$125.2m |
| Operating income | −HK$581.1m | −HK$313.2m | −HK$250.7m | −HK$281.2m | −HK$425.0m | −HK$494.7m | −HK$213.1m | −HK$177.4m | −HK$185.1m | −HK$292.4m |
| Net income | −HK$813.0m | −HK$644.9m | −HK$146.9m | HK$566.2m | −HK$662.2m | −HK$971.0m | HK$140.6m | HK$182.5m | HK$303.2m | HK$1.46bn |
| Diluted earnings per share | -0.90 | -0.71 | -0.16 | 0.59 | -0.69 | -1.00 | 0.15 | 0.20 | 0.35 | 1.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.57bn | HK$4.75bn | HK$5.68bn | HK$6.71bn | HK$6.60bn | HK$7.89bn | HK$9.17bn | HK$8.98bn | HK$9.44bn | HK$7.68bn |
| Cash and short-term investments | HK$67.1m | HK$49.1m | HK$91.9m | HK$324.1m | HK$429.6m | HK$708.6m | HK$648.0m | HK$886.1m | HK$1.82bn | HK$628.0m |
| Total liabilities | HK$1.41bn | HK$1.82bn | HK$2.07bn | HK$2.72bn | HK$3.11bn | HK$3.83bn | HK$3.84bn | HK$3.45bn | HK$3.87bn | HK$2.16bn |
| Debt | HK$937.0m | HK$1.37bn | HK$1.44bn | HK$1.46bn | HK$2.69bn | HK$3.27bn | HK$3.03bn | HK$3.02bn | HK$3.10bn | HK$1.25bn |
| Shareholders' equity | HK$2.16bn | HK$2.93bn | HK$3.61bn | HK$3.99bn | HK$3.49bn | HK$4.06bn | HK$5.34bn | HK$5.53bn | HK$5.57bn | HK$5.52bn |
| Shares outstanding | 907m | 909m | 937m | 960m | 959m | 967m | 957m | 905m | 873m | 825m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$135.0m | −HK$46.5m | −HK$287.2m | −HK$56.4m | −HK$31.9m | −HK$510.8m | −HK$640.2m | −HK$790.6m | −HK$725.6m | −HK$330.6m |
| Capital spending | −HK$120,000 | −HK$2.1m | −HK$18.0m | −HK$1.9m | −HK$15.7m | −HK$5.4m | −HK$15.2m | −HK$20.6m | −HK$44.9m | −HK$2.8m |
| Free cash flow | HK$134.9m | −HK$48.6m | −HK$305.2m | −HK$58.4m | −HK$47.6m | −HK$516.2m | −HK$655.4m | −HK$811.2m | −HK$770.5m | −HK$333.3m |
| Dividends paid | — | — | −HK$47.9m | −HK$96.0m | −HK$45.5m | −HK$144.4m | −HK$126.0m | −HK$61.1m | −HK$184.8m | −HK$61.9m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$3.5m | HK$384.9m | HK$4.6m | HK$4.9m | HK$95.1m | HK$47.6m | HK$7.1m | HK$3.5m |
| Operating income | −HK$38.4m | −HK$414.8m | −HK$153.6m | −HK$274.0m | −HK$64.2m | −HK$52.9m | −HK$156.7m | −HK$99.5m |
| Net income | −HK$120.7m | −HK$308.7m | −HK$504.3m | −HK$483.8m | −HK$161.0m | −HK$92.0m | −HK$272.4m | −HK$134.9m |
| Diluted earnings per share | -0.13 | -0.34 | -0.56 | -0.53 | -0.18 | -0.09 | -0.30 | -0.15 |
| Total assets | HK$3.25bn | HK$3.57bn | HK$4.10bn | HK$4.75bn | HK$5.34bn | HK$5.34bn | HK$5.68bn | HK$5.68bn |
| Cash and short-term investments | HK$50.3m | HK$67.1m | HK$31.6m | HK$49.1m | HK$115.9m | HK$115.9m | HK$91.9m | HK$91.9m |
| Debt | HK$707,000 | HK$168.9m | HK$206.5m | HK$325.7m | HK$326.0m | HK$1.31bn | HK$405.8m | HK$1.44bn |
| Shareholders' equity | HK$2.05bn | HK$2.16bn | HK$2.47bn | HK$2.93bn | HK$3.39bn | HK$3.55bn | HK$3.61bn | HK$3.80bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | 27.9% | 25.3% |
| Operating income | 27.4% | 3.3% | 9.1% |
| Net income | — | -3.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -182.7% | -161.2% | -191.3% | -182.0% |
| Net margin | -297.8% | -117.4% | -217.8% | 11.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -0.2 | -2.4 | 1.0 | -1.0 | -0.5 | 4.8 | 6.2 | 4.6 | 1.0 |
| Price to sales | 1.4 | 1.2 | 4.6 | 1.8 | 2.8 | 3.8 | 3.6 | 6.4 | 9.7 | 12.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jul 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.10 | 0.05 | 0.15 | 0.22 | 0.22 | 0.20 | 0.30 |
- 25-to-1 reverse split · 16 Mar 2009
- 20-to-1 reverse split · 15 Apr 2003
- 6-for-5 split · 1 Sept 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.