P 
0.10
—
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$359.8m
FY2016FY2025
Net income
−HK$59.1m
FY2016FY2025
Free cash flow
−HK$65.6m
FY2016FY2025
Shareholders' equity
HK$688.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$359.8m | HK$917.2m | HK$1.04bn | HK$1.61bn | HK$1.85bn | HK$1.82bn | HK$1.72bn | HK$1.64bn | HK$1.78bn | HK$1.81bn |
| Gross profit | HK$22.5m | HK$164.2m | HK$163.8m | HK$223.0m | HK$151.0m | HK$90.8m | HK$2.7m | HK$152.7m | HK$232.0m | — |
| Research and development | HK$26.4m | HK$45.8m | HK$43.9m | — | — | — | — | — | — | — |
| Operating income | −HK$123.3m | −HK$6.6m | HK$15.7m | −HK$43.0m | −HK$313.8m | HK$1.33bn | −HK$378.3m | −HK$145.4m | −HK$95.8m | — |
| Net income | −HK$59.1m | HK$28.1m | HK$28.2m | −HK$104.6m | −HK$340.7m | HK$920.8m | −HK$495.6m | −HK$233.5m | −HK$156.3m | — |
| Diluted earnings per share | -0.05 | 0.02 | 0.02 | -0.09 | -0.28 | 0.77 | -0.41 | -0.19 | -0.13 | — |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$948.3m | HK$1.41bn | HK$1.43bn | HK$1.68bn | HK$2.14bn | HK$4.01bn | HK$2.16bn | HK$2.09bn | HK$2.47bn | HK$2.26bn |
| Cash and short-term investments | HK$182.9m | HK$369.0m | HK$226.2m | HK$73.7m | HK$54.6m | HK$26.7m | HK$15.9m | HK$22.7m | HK$26.3m | — |
| Total liabilities | HK$260.1m | HK$682.1m | HK$710.5m | HK$968.0m | HK$1.23bn | HK$2.78bn | HK$1.92bn | HK$1.35bn | HK$1.47bn | HK$951.2m |
| Debt | HK$98.0m | HK$275.3m | HK$213.4m | HK$400.0m | HK$500.1m | HK$1.84bn | HK$1.56bn | HK$887.6m | HK$878.4m | HK$59.1m |
| Shareholders' equity | HK$688.2m | HK$731.9m | HK$721.0m | HK$716.0m | HK$913.5m | HK$1.23bn | HK$243.2m | HK$744.9m | HK$998.5m | HK$1.31bn |
| Shares outstanding | 1,199m | 1,199m | 1,199m | 1,199m | 1,199m | 1,200m | 1,200m | 1,199m | 1,199m | 1,199m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$59.8m | HK$41.1m | HK$226.8m | HK$168.4m | −HK$287.5m | −HK$97.1m | −HK$325.3m | HK$22.4m | −HK$86.6m | — |
| Capital spending | −HK$5.9m | −HK$3.2m | −HK$7.7m | −HK$25.7m | −HK$103.2m | −HK$91.1m | −HK$184.4m | −HK$72.1m | −HK$259.4m | — |
| Free cash flow | −HK$65.6m | HK$37.9m | HK$219.1m | HK$142.7m | −HK$390.7m | −HK$188.2m | −HK$509.7m | −HK$49.7m | −HK$345.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$138.2m | HK$69.1m | HK$58.5m | HK$58.5m | HK$121.4m | HK$121.4m | HK$241.6m | HK$241.6m |
| Gross profit | HK$5.1m | HK$2.6m | −HK$3.1m | −HK$3.1m | HK$14.3m | HK$14.3m | HK$44.8m | HK$44.8m |
| Operating income | −HK$59.5m | −HK$29.8m | −HK$56.5m | −HK$29.6m | −HK$18.6m | −HK$18.6m | HK$443,000 | HK$443,000 |
| Net income | −HK$54.2m | −HK$27.1m | −HK$32.7m | −HK$16.4m | −HK$13.2m | −HK$13.2m | HK$11.1m | HK$11.1m |
| Diluted earnings per share | -0.05 | -0.02 | -0.03 | -0.01 | -0.01 | -0.01 | 0.01 | 0.01 |
| Cash from operations | −HK$29.0m | — | HK$54.0m | HK$27.0m | −HK$112.0m | −HK$57.0m | −HK$66.0m | −HK$34.0m |
| Capital spending | −HK$3.0m | — | −HK$2.0m | −HK$1.0m | −HK$1.0m | −HK$1.0m | −HK$1.0m | — |
| Free cash flow | −HK$32.0m | — | HK$52.0m | HK$26.0m | −HK$113.0m | −HK$58.0m | −HK$67.0m | — |
| Total assets | HK$856.3m | HK$856.3m | HK$948.3m | HK$948.3m | HK$1.15bn | HK$1.15bn | HK$1.41bn | HK$1.41bn |
| Cash and short-term investments | HK$93.8m | HK$86.0m | HK$182.9m | HK$97.1m | HK$247.2m | HK$247.2m | HK$369.0m | HK$369.0m |
| Debt | HK$37.1m | HK$37.1m | HK$98.0m | HK$97.0m | HK$219.1m | HK$184.8m | HK$275.3m | HK$260.5m |
| Shareholders' equity | HK$656.2m | HK$656.2m | HK$688.2m | HK$688.2m | HK$708.9m | HK$708.9m | HK$731.9m | HK$731.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -39.3% | -27.7% | -15.0% |
| Operating income | 42.0% | — | -3.8% |
| Net income | -17.3% | — | -16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.6% | 14.6% | 10.7% | — |
| Operating margin | -10.2% | -4.0% | 11.3% | — |
| Net margin | -2.4% | -2.7% | 6.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.7 | 4.2 | 3.2 | -1.4 | -0.6 | 0.2 | -0.4 | -1.6 | -1.6 | — |
| Price to sales | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jun 2013.
| FY2013 | |
|---|---|
| Paid in the year | 0.002 |
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.