W 
0.86
+3.01%
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$515.9m
FY2015FY2024
Net income
−HK$73.0m
FY2015FY2024
Free cash flow
−HK$37.1m
FY2015FY2024
Shareholders' equity
−HK$139.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$515.9m | HK$523.3m | HK$849.1m | HK$724.6m | HK$364.3m | HK$649.5m | HK$636.9m | HK$589.9m | HK$236.2m | HK$247.7m |
| Gross profit | HK$12.8m | HK$39.3m | HK$97.9m | HK$37.3m | HK$18.5m | HK$74.9m | HK$69.7m | HK$87.6m | HK$15.4m | HK$27.3m |
| Research and development | — | — | — | — | HK$336,000 | HK$2.5m | HK$2.0m | HK$6.4m | HK$20.7m | — |
| Operating income | −HK$39.5m | −HK$15.7m | −HK$7.1m | −HK$48.2m | −HK$59.1m | −HK$21.5m | −HK$75.9m | −HK$34.3m | −HK$90.1m | −HK$112.6m |
| Net income | −HK$73.0m | −HK$28.6m | HK$8.1m | −HK$136.0m | −HK$95.8m | −HK$42.4m | −HK$153.6m | −HK$77.7m | −HK$227.3m | −HK$133.3m |
| Diluted earnings per share | -0.42 | -0.23 | 0.08 | -1.86 | -0.26 | -0.12 | -0.42 | -0.22 | -0.89 | -0.06 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$352.9m | HK$414.3m | HK$340.9m | HK$550.3m | HK$484.7m | HK$595.8m | HK$524.8m | HK$752.9m | HK$512.5m | HK$575.7m |
| Cash and short-term investments | HK$55.3m | HK$119.3m | HK$49.8m | HK$66.6m | HK$57.9m | HK$96.2m | HK$93.1m | HK$160.7m | HK$113.1m | HK$282.0m |
| Total liabilities | HK$491.9m | HK$494.4m | HK$430.6m | HK$649.3m | HK$446.8m | HK$475.5m | HK$360.5m | HK$419.7m | HK$257.0m | HK$186.8m |
| Debt | HK$219.6m | HK$244.0m | HK$195.7m | HK$276.6m | HK$235.8m | HK$259.9m | HK$160.4m | HK$184.7m | HK$164.6m | HK$100.3m |
| Shareholders' equity | −HK$139.0m | −HK$80.1m | −HK$89.6m | −HK$98.9m | HK$37.9m | HK$120.3m | HK$164.3m | HK$333.2m | HK$255.6m | HK$388.9m |
| Shares outstanding | 176m | 122m | 99m | 73m | 366m | 366m | 366m | 346m | 255m | 2,332m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$27.6m | HK$9.5m | HK$35.1m | −HK$15.2m | −HK$49.3m | HK$20.9m | −HK$57.8m | −HK$37.0m | −HK$7.4m | −HK$306.1m |
| Capital spending | −HK$9.5m | −HK$13.1m | −HK$9.8m | −HK$9.5m | −HK$5.8m | −HK$15.6m | −HK$12.8m | −HK$10.6m | −HK$64.7m | −HK$18.3m |
| Free cash flow | −HK$37.1m | −HK$3.6m | HK$25.3m | −HK$24.7m | −HK$55.0m | HK$5.3m | −HK$70.6m | −HK$47.6m | −HK$72.1m | −HK$324.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$148.4m | HK$324.8m | HK$191.1m | HK$320.6m | HK$202.7m | HK$101.3m | HK$351.9m | HK$175.9m |
| Gross profit | −HK$10.0m | HK$8.7m | HK$4.1m | HK$28.3m | HK$10.9m | HK$5.5m | HK$23.7m | HK$12.0m |
| Operating income | −HK$29.8m | −HK$15.5m | −HK$24.0m | HK$4.3m | −HK$20.0m | −HK$14.1m | −HK$25.9m | −HK$4.5m |
| Net income | −HK$38.3m | −HK$46.5m | −HK$26.6m | −HK$7.6m | −HK$21.1m | −HK$10.6m | −HK$4.9m | −HK$2.5m |
| Diluted earnings per share | -0.18 | -0.25 | -0.16 | -0.07 | -0.27 | -0.03 | -0.01 | -0.01 |
| Total assets | HK$322.5m | HK$352.9m | HK$396.4m | HK$414.3m | HK$423.9m | HK$423.9m | HK$340.9m | HK$340.9m |
| Cash and short-term investments | HK$34.1m | HK$55.3m | HK$16.1m | HK$119.3m | HK$38.8m | HK$38.8m | HK$49.8m | HK$49.8m |
| Debt | HK$230.6m | HK$218.5m | HK$249.4m | HK$242.4m | HK$250.7m | HK$205.7m | HK$193.8m | HK$148.8m |
| Shareholders' equity | −HK$173.8m | −HK$139.0m | −HK$100.2m | −HK$80.1m | −HK$80.7m | −HK$80.9m | −HK$89.6m | −HK$89.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.7% | -4.5% | 2.0% |
| Operating income | -6.4% | 12.9% | -8.3% |
| Net income | -18.7% | 11.5% | -4.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.0% | 7.2% | 7.7% | 8.5% |
| Operating margin | -5.3% | -4.2% | -5.3% | -10.4% |
| Net margin | -9.8% | -8.8% | -10.1% | -18.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -5.2 | 39.1 | -5.0 | -46.1 | -30.4 | -10.5 | -37.9 | -19.4 | -892.3 |
| Price to sales | 0.2 | 0.3 | 0.4 | 0.9 | 12.1 | 2.0 | 2.5 | 5.0 | 18.7 | 480.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2007.
| FY2007 | FY2006 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.25 | 0.50 | 1.60 | 1.60 |
- 5-to-1 reverse split · 24 May 2024
- 10-to-1 reverse split · 30 Nov 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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