E 
0.07
+2.86%
Close of 6 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$108.2m
FY2016FY2025
Net income
−HK$40.2m
FY2016FY2025
Free cash flow
−HK$170.5m
FY2016FY2025
Shareholders' equity
HK$1.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$108.2m | HK$102.5m | HK$117.8m | HK$149.3m | HK$127.1m | HK$137.2m | HK$78.1m | HK$89.9m | HK$68.0m | HK$86.8m |
| Gross profit | HK$48.3m | HK$45.5m | HK$64.8m | HK$87.8m | HK$69.3m | HK$82.3m | HK$38.2m | HK$86.4m | HK$65.0m | HK$81.1m |
| Operating income | −HK$13.1m | −HK$25.1m | −HK$7.3m | HK$176,000 | −HK$57.9m | −HK$108.4m | −HK$226.5m | −HK$168.7m | −HK$26.7m | −HK$63.2m |
| Net income | −HK$40.2m | −HK$319.8m | −HK$196.5m | −HK$233.4m | −HK$135.1m | −HK$529.1m | −HK$600.3m | −HK$775.8m | HK$82.4m | −HK$685.7m |
| Diluted earnings per share | -0.01 | -0.04 | -0.03 | -0.03 | -0.02 | -0.07 | -0.09 | -0.13 | 0.02 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.61bn | HK$1.56bn | HK$2.56bn | HK$2.90bn | HK$3.14bn | HK$3.00bn | HK$3.69bn | HK$4.52bn | HK$4.87bn | HK$4.48bn |
| Cash and short-term investments | HK$312.6m | HK$24.9m | HK$716.9m | HK$708.8m | HK$753.7m | HK$594.6m | HK$991.9m | HK$1.57bn | HK$2.17bn | HK$1.83bn |
| Total liabilities | HK$544.1m | HK$425.0m | HK$1.07bn | HK$1.09bn | HK$1.16bn | HK$1.05bn | HK$1.14bn | HK$1.42bn | HK$1.27bn | HK$769.4m |
| Debt | HK$413.5m | HK$248.1m | HK$876.1m | HK$266.9m | HK$945.9m | HK$821.2m | HK$893.9m | HK$1.12bn | HK$1.04bn | HK$553.4m |
| Shareholders' equity | HK$1.07bn | HK$1.14bn | HK$1.49bn | HK$1.81bn | HK$1.98bn | HK$1.95bn | HK$2.55bn | HK$3.10bn | HK$3.60bn | HK$3.71bn |
| Shares outstanding | 7,294m | 7,294m | 7,294m | 7,294m | 7,294m | 7,294m | 6,675m | 6,079m | 6,079m | 6,079m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$38.9m | −HK$31.3m | HK$37.6m | HK$99.8m | HK$40.0m | HK$43.4m | HK$131.2m | −HK$59.2m | HK$333.6m | HK$574.6m |
| Capital spending | −HK$131.6m | −HK$4.4m | −HK$5.5m | −HK$7.2m | −HK$3.1m | −HK$36.7m | −HK$9.1m | −HK$4.0m | −HK$1.8m | −HK$2.3m |
| Free cash flow | −HK$170.5m | −HK$35.7m | HK$32.1m | HK$92.6m | HK$37.0m | HK$6.7m | HK$122.2m | −HK$63.2m | HK$331.8m | HK$572.3m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$74.3m | HK$62.1m | HK$46.1m | HK$57.9m | HK$44.6m | HK$44.0m | HK$73.7m | HK$84.4m |
| Gross profit | HK$46.2m | HK$32.3m | HK$15.9m | HK$24.6m | HK$20.9m | HK$18.7m | HK$46.1m | HK$50.1m |
| Operating income | HK$21.3m | HK$24.7m | −HK$37.8m | HK$11.7m | −HK$26.0m | −HK$10.2m | HK$2.9m | −HK$1.5m |
| Net income | −HK$23.6m | HK$27.5m | −HK$67.7m | −HK$133.0m | −HK$186.9m | −HK$142.4m | −HK$54.2m | −HK$215.3m |
| Diluted earnings per share | -0.00 | 0.00 | -0.01 | -0.01 | -0.02 | -0.03 | -0.01 | -0.03 |
| Cash from operations | — | — | −HK$228.0m | −HK$45.0m | HK$14.0m | HK$20.0m | HK$17.0m | HK$43.0m |
| Capital spending | — | — | −HK$1.0m | — | −HK$3.0m | −HK$2.0m | −HK$2.0m | −HK$5.0m |
| Free cash flow | — | — | −HK$229.0m | — | HK$11.0m | HK$18.0m | HK$15.0m | HK$38.0m |
| Total assets | HK$1.42bn | HK$1.61bn | HK$1.45bn | HK$1.56bn | HK$1.73bn | HK$2.56bn | HK$2.68bn | HK$2.90bn |
| Cash and short-term investments | HK$61.1m | HK$312.6m | HK$109.9m | HK$24.9m | HK$72.3m | HK$716.9m | HK$704.5m | HK$708.8m |
| Debt | HK$251.2m | HK$413.3m | HK$237.1m | HK$247.4m | HK$255.4m | HK$285.7m | HK$631.8m | HK$235,000 |
| Shareholders' equity | HK$1.05bn | HK$1.07bn | HK$1.08bn | HK$1.14bn | HK$1.25bn | HK$1.49bn | HK$1.63bn | HK$1.81bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.2% | -4.6% | 7.7% |
| Operating income | — | -34.4% | -9.1% |
| Net income | -44.4% | -40.3% | -20.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.5% | 51.6% | 53.6% | 64.3% |
| Operating margin | -18.2% | -9.5% | -28.5% | -65.5% |
| Net margin | -170.9% | -165.3% | -196.0% | -343.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.0 | -2.8 | -4.4 | -5.9 | -10.1 | -2.5 | -2.5 | -2.2 | 13.3 | -3.1 |
| Price to sales | 8.6 | 8.7 | 7.3 | 9.2 | 10.7 | 9.7 | 19.1 | 18.9 | 16.2 | 24.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Sept 1997.
- 10-to-1 reverse split · 12 Apr 2010
- 4-to-1 reverse split · 31 Aug 1993
- 1.052-for-1 split · 19 Jun 1992
- 1.024-for-1 split · 14 Dec 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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