C 
0.60
-0.83%
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$27.7m
FY2017FY2026
Net income
−HK$2.3m
FY2017FY2026
Free cash flow
HK$828,000
FY2017FY2026
Shareholders' equity
−HK$17.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.7m | HK$15.9m | HK$47.5m | HK$132.4m | HK$332.6m | HK$247.5m | HK$251.8m | HK$142.9m | HK$192.3m | HK$266.2m |
| Gross profit | HK$5.0m | −HK$3.4m | −HK$5.4m | −HK$22.6m | −HK$20.1m | −HK$28.5m | HK$7.9m | −HK$74.5m | HK$23.4m | HK$49.8m |
| Operating income | −HK$1.7m | −HK$4.6m | −HK$10.4m | −HK$30.0m | −HK$29.9m | −HK$33.3m | −HK$10.3m | −HK$87.4m | HK$10.2m | HK$27.5m |
| Net income | −HK$2.3m | −HK$1.6m | −HK$12.9m | −HK$22.5m | −HK$24.0m | −HK$31.9m | −HK$8.1m | −HK$86.9m | HK$8.7m | HK$19.7m |
| Diluted earnings per share | -0.06 | -0.04 | -0.32 | -0.56 | -0.60 | -0.79 | -0.20 | -0.11 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$39.0m | HK$35.8m | HK$41.9m | HK$68.0m | HK$90.9m | HK$111.3m | HK$120.3m | HK$114.2m | HK$208.1m | HK$199.4m |
| Cash and short-term investments | HK$490,000 | HK$1.5m | HK$2.1m | HK$6.9m | HK$6.2m | HK$7.8m | HK$27.6m | HK$13.0m | HK$31.1m | HK$98.2m |
| Total liabilities | HK$56.8m | HK$51.3m | HK$55.8m | HK$68.9m | HK$69.1m | HK$65.5m | HK$42.7m | HK$36.3m | HK$43.4m | HK$43.4m |
| Debt | HK$30.8m | HK$8.9m | HK$5.1m | HK$3.4m | HK$1.7m | HK$1.1m | HK$480,000 | HK$350,000 | HK$11.9m | HK$15.4m |
| Shareholders' equity | −HK$17.8m | −HK$15.5m | −HK$13.9m | −HK$901,000 | HK$21.8m | HK$45.8m | HK$77.6m | HK$77.8m | HK$164.7m | HK$156.0m |
| Shares outstanding | 40m | 40m | 40m | 40m | 40m | 40m | 40m | 768m | 768m | 768m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$828,000 | −HK$3.1m | −HK$9.6m | −HK$13.5m | −HK$9.1m | −HK$39.5m | HK$19.6m | −HK$26.6m | −HK$27.7m | −HK$27.6m |
| Capital spending | — | — | — | — | −HK$75,000 | −HK$1.3m | −HK$150,000 | −HK$3.7m | −HK$37.7m | −HK$11.7m |
| Free cash flow | HK$828,000 | −HK$3.1m | −HK$9.6m | −HK$13.5m | −HK$9.1m | −HK$40.8m | HK$19.5m | −HK$30.4m | −HK$65.4m | −HK$39.3m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$19.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$15.3m | HK$12.4m | HK$7.6m | HK$8.3m | HK$17.9m | HK$29.7m | HK$58.6m | HK$73.8m |
| Gross profit | HK$4.9m | HK$32,000 | HK$1.2m | −HK$4.6m | −HK$120,000 | −HK$5.3m | −HK$5.4m | −HK$17.2m |
| Operating income | −HK$251,000 | −HK$1.4m | HK$276,000 | −HK$6.1m | −HK$2.3m | −HK$8.1m | −HK$9.2m | −HK$20.8m |
| Net income | −HK$405,000 | −HK$1.8m | HK$4.6m | −HK$6.2m | −HK$6.7m | −HK$6.2m | −HK$6.2m | −HK$16.4m |
| Diluted earnings per share | -0.01 | -0.05 | 0.11 | -0.15 | -0.17 | -0.15 | -0.15 | -0.41 |
| Cash from operations | HK$3.0m | −HK$2.0m | — | −HK$2.0m | HK$1.0m | −HK$3.0m | −HK$5.0m | −HK$7.0m |
| Total assets | HK$39.0m | HK$41.8m | HK$35.8m | HK$36.4m | HK$41.9m | HK$53.2m | HK$68.0m | HK$89.0m |
| Cash and short-term investments | HK$490,000 | HK$701,000 | HK$1.5m | HK$621,000 | HK$2.1m | HK$436,000 | HK$6.9m | HK$6.0m |
| Debt | HK$27.9m | HK$9.8m | HK$8.9m | HK$24.8m | HK$5.1m | HK$4.4m | HK$3.4m | HK$2.8m |
| Shareholders' equity | −HK$17.8m | −HK$17.4m | −HK$15.5m | −HK$20.1m | −HK$13.9m | −HK$7.2m | −HK$901,000 | HK$5.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -40.7% | -35.5% | -18.3% |
| Operating income | -61.9% | -45.1% | — |
| Net income | -53.6% | -41.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.5% | -11.8% | -9.3% | -1.4% |
| Operating margin | -14.4% | -20.9% | -13.7% | -7.2% |
| Net margin | -8.8% | -17.6% | -11.8% | -7.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.8 | -32.2 | -2.1 | -2.6 | -6.0 | -8.3 | -40.0 | -102.5 | — | — |
| Price to sales | 0.9 | 3.2 | 0.6 | 0.5 | 0.4 | 1.1 | 1.3 | 62.3 | 48.7 | 42.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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