B 
0.38
+1.33%
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$30.2m
FY2015FY2024
Net income
−HK$34.6m
FY2015FY2024
Free cash flow
HK$23.0m
FY2015FY2024
Shareholders' equity
HK$175.2m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$30.2m | HK$38.4m | HK$73.2m | HK$68.3m | HK$80.2m | HK$87.2m | HK$180.4m | HK$319.1m | HK$267.6m | HK$286.7m |
| Operating income | −HK$14.5m | −HK$66.2m | −HK$72.7m | −HK$40.4m | −HK$50.6m | −HK$59.3m | −HK$97.2m | −HK$41.2m | −HK$38.4m | −HK$60.7m |
| Net income | −HK$34.6m | −HK$23.3m | −HK$82.5m | −HK$40.1m | −HK$137.8m | −HK$95.3m | −HK$125.1m | −HK$251.7m | −HK$15.2m | −HK$200.1m |
| Diluted earnings per share | -0.04 | -0.03 | -0.11 | -0.08 | -0.40 | -0.30 | -0.39 | -0.79 | -0.05 | -2.12 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$323.1m | HK$378.9m | HK$427.2m | HK$492.2m | HK$502.8m | HK$643.3m | HK$759.4m | HK$954.4m | HK$1.21bn | HK$1.25bn |
| Cash and short-term investments | HK$93.6m | HK$110.1m | HK$118.3m | HK$84.2m | HK$93.4m | HK$103.3m | HK$131.5m | HK$197.5m | HK$553.4m | HK$819.4m |
| Total liabilities | HK$147.9m | HK$171.7m | HK$209.7m | HK$230.1m | HK$228.5m | HK$246.3m | HK$259.8m | HK$271.8m | HK$283.4m | HK$296.9m |
| Debt | HK$39.9m | HK$33.9m | HK$40.2m | HK$13.9m | HK$39.5m | HK$27.4m | HK$23.7m | HK$21.9m | HK$23.3m | HK$35.0m |
| Shareholders' equity | HK$175.2m | HK$207.3m | HK$217.5m | HK$262.1m | HK$274.3m | HK$397.0m | HK$499.6m | HK$682.6m | HK$926.3m | HK$950.5m |
| Shares outstanding | 843m | 831m | 740m | 511m | 348m | 319m | 319m | 319m | 319m | 95m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$23.0m | −HK$36.8m | −HK$7.8m | −HK$20.0m | −HK$22.2m | HK$32.0m | −HK$58.9m | −HK$132.1m | −HK$199.4m | −HK$73.6m |
| Capital spending | −HK$86,000 | — | −HK$14,000 | −HK$2.9m | −HK$2.0m | −HK$2.4m | −HK$1.9m | −HK$6.7m | −HK$3.1m | −HK$3.6m |
| Free cash flow | HK$23.0m | −HK$36.8m | −HK$7.8m | −HK$22.8m | −HK$24.2m | HK$29.6m | −HK$60.9m | −HK$138.8m | −HK$202.5m | −HK$77.2m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$15.7m | HK$14.8m | HK$15.3m | HK$16.6m | HK$21.8m | HK$41.3m | HK$31.9m | HK$31.9m |
| Operating income | −HK$7.2m | −HK$5.7m | −HK$4.2m | −HK$16.1m | −HK$18.6m | HK$12.6m | HK$6.5m | HK$16.0m |
| Net income | −HK$829,000 | −HK$9.4m | −HK$25.2m | −HK$18.5m | −HK$4.8m | −HK$50.2m | −HK$32.3m | −HK$19.0m |
| Diluted earnings per share | -0.00 | -0.01 | -0.03 | -0.02 | -0.01 | -0.07 | -0.05 | -0.03 |
| Cash from operations | −HK$1.0m | HK$16.0m | HK$6.0m | −HK$21.0m | −HK$14.0m | HK$6.0m | −HK$14.0m | −HK$47.0m |
| Capital spending | — | — | — | — | — | — | — | −HK$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −HK$48.0m |
| Total assets | HK$331.3m | HK$323.1m | HK$327.0m | HK$378.9m | HK$403.4m | HK$427.2m | HK$490.5m | HK$492.2m |
| Cash and short-term investments | HK$100.0m | HK$93.6m | HK$60.7m | HK$110.1m | HK$88.4m | HK$118.3m | HK$66.5m | HK$109.1m |
| Debt | HK$24.8m | HK$25.6m | HK$20.2m | HK$20.4m | HK$20.7m | HK$22.7m | HK$27.0m | HK$9.8m |
| Shareholders' equity | HK$173.7m | HK$175.2m | HK$167.4m | HK$207.3m | HK$210.4m | HK$217.5m | HK$234.2m | HK$262.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.9% | -19.1% | -23.6% |
| Operating income | -28.9% | -24.5% | -15.4% |
| Net income | -4.8% | -18.3% | -11.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -117.7% | -92.2% | -80.4% | -33.0% |
| Net margin | -84.5% | -85.9% | -109.6% | -60.1% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.8 | -8.5 | -3.6 | -5.2 | -0.2 | -0.7 | -0.6 | -0.5 | -14.1 | -0.3 |
| Price to sales | 5.5 | 5.2 | 4.0 | 3.0 | 0.3 | 0.8 | 0.4 | 0.4 | 0.8 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 May 2006.
| FY2006 | FY2005 | |
|---|---|---|
| Paid in the year | 0.16 | 0.40 |
- 20-to-1 reverse split · 4 May 2020
- 2-to-1 reverse split · 16 Nov 2015
- 3-for-1 split · 1 Sept 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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