1.15
0.00%
Close of 2 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$383.1m
FY2016FY2025
Net income
HK$23.8m
FY2016FY2025
Free cash flow
−HK$965,000
FY2016FY2025
Shareholders' equity
HK$215.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$383.1m | HK$333.4m | HK$266.5m | HK$215.6m | HK$239.7m | HK$170.1m | HK$205.8m | HK$197.5m | HK$184.7m | HK$153.2m |
| Gross profit | HK$208.9m | HK$175.5m | HK$110.5m | HK$69.7m | HK$71.9m | HK$34.2m | HK$52.9m | HK$63.9m | HK$57.7m | HK$41.7m |
| Research and development | HK$22.0m | HK$15.7m | HK$8.8m | HK$8.7m | HK$9.7m | HK$3.8m | HK$7.6m | HK$7.5m | HK$3.8m | HK$1.8m |
| Operating income | HK$33.9m | HK$38.0m | −HK$67.4m | HK$4.4m | −HK$9.6m | −HK$50.7m | −HK$40.2m | HK$45.1m | −HK$8.3m | HK$31.7m |
| Net income | HK$23.8m | HK$32.3m | −HK$69.0m | −HK$1.9m | −HK$17.5m | −HK$46.9m | −HK$44.2m | −HK$33.2m | −HK$45.1m | HK$21.9m |
| Diluted earnings per share | 0.04 | 0.06 | -0.12 | -0.00 | -0.04 | -0.10 | -0.10 | -0.07 | -0.10 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$607.3m | HK$551.8m | HK$278.1m | HK$305.7m | HK$275.8m | HK$290.7m | HK$338.3m | HK$330.5m | HK$380.2m | HK$405.8m |
| Cash and short-term investments | HK$92.3m | HK$141.5m | HK$63.9m | HK$105.3m | HK$59.9m | HK$60.9m | HK$114.8m | HK$180.8m | HK$95.6m | HK$186.5m |
| Total liabilities | HK$390.6m | HK$359.2m | HK$144.6m | HK$99.3m | HK$111.0m | HK$117.7m | HK$99.1m | HK$42.5m | HK$43.3m | HK$87.5m |
| Debt | HK$131.5m | HK$206.1m | HK$80.6m | HK$50.5m | HK$52.5m | HK$68.9m | HK$60.8m | −HK$772,000 | — | −HK$3.6m |
| Shareholders' equity | HK$215.2m | HK$180.9m | HK$123.4m | HK$184.9m | HK$141.7m | HK$151.9m | HK$216.7m | HK$264.7m | HK$314.1m | HK$298.5m |
| Shares outstanding | 593m | 583m | 557m | 509m | 465m | 465m | 465m | 465m | 465m | 435m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$121.2m | HK$31.2m | HK$1.3m | HK$15.7m | HK$35.6m | HK$18.7m | −HK$1.4m | HK$6.2m | HK$18.0m | −HK$57.0m |
| Capital spending | −HK$122.2m | −HK$32.6m | −HK$14.6m | −HK$15.4m | −HK$19.9m | −HK$20.7m | −HK$23.8m | −HK$29.6m | −HK$9.0m | −HK$8.5m |
| Free cash flow | −HK$965,000 | −HK$1.4m | −HK$13.3m | HK$276,000 | HK$15.7m | −HK$2.0m | −HK$25.2m | −HK$23.3m | HK$8.9m | −HK$65.5m |
| Dividends paid | — | — | — | — | — | −HK$34.9m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$183.2m | HK$188.5m | HK$194.6m | HK$173.0m | HK$160.4m | HK$143.2m | HK$71.6m | HK$123.4m |
| Gross profit | HK$105.3m | HK$109.6m | HK$99.3m | HK$86.6m | HK$88.9m | HK$67.8m | HK$34.0m | HK$42.4m |
| Operating income | HK$34.8m | −HK$3.9m | HK$29.8m | HK$5.3m | HK$30.2m | −HK$7.3m | −HK$3.8m | HK$950,000 |
| Net income | HK$28.6m | −HK$2.6m | HK$26.4m | HK$21.5m | HK$10.8m | −HK$72.4m | −HK$36.2m | HK$3.4m |
| Diluted earnings per share | 0.05 | -0.00 | 0.04 | 0.04 | 0.02 | -0.13 | -0.06 | 0.01 |
| Cash from operations | — | HK$121.0m | — | HK$20.0m | HK$10.0m | HK$18.0m | HK$8.0m | −HK$16.0m |
| Capital spending | — | −HK$104.0m | −HK$18.0m | −HK$19.0m | −HK$19.0m | −HK$11.0m | −HK$5.0m | −HK$3.0m |
| Free cash flow | — | HK$17.0m | — | HK$1.0m | −HK$9.0m | HK$7.0m | HK$3.0m | −HK$19.0m |
| Total assets | HK$608.8m | HK$607.3m | HK$597.1m | HK$551.8m | HK$346.1m | HK$278.1m | HK$278.1m | HK$285.0m |
| Cash and short-term investments | HK$170.6m | HK$92.3m | HK$120.6m | HK$141.5m | HK$76.0m | HK$63.9m | HK$63.9m | HK$67.5m |
| Debt | HK$39.9m | HK$106.2m | HK$207.7m | HK$206.1m | HK$25.6m | HK$72.0m | — | HK$31.1m |
| Shareholders' equity | HK$255.1m | HK$215.2m | HK$213.8m | HK$180.9m | HK$157.9m | HK$123.4m | HK$123.4m | HK$179.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.1% | 17.6% | 9.2% |
| Operating income | 97.6% | — | 16.8% |
| Net income | — | — | 19.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.7% | 47.1% | 41.7% | 37.3% |
| Operating margin | 10.0% | 0.7% | -3.2% | -0.6% |
| Net margin | 7.8% | -1.2% | -4.9% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.1 | 24.6 | -9.7 | -223.7 | -61.1 | -23.8 | -22.1 | -8.6 | -11.9 | 40.4 |
| Price to sales | 2.3 | 2.4 | 2.5 | 2.0 | 4.5 | 6.6 | 4.7 | 1.4 | 2.9 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Feb 2020.
| FY2020 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.075 | 0.02 | 0.02 | 0.02 | 0.013 | 0.013 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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