S 
3.23
0.00%
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$6.59bn
FY2016FY2025
Net income
HK$161.4m
FY2016FY2025
Free cash flow
−HK$379.1m
FY2016FY2025
Shareholders' equity
HK$1.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$6.59bn | HK$4.65bn | HK$5.67bn | HK$10.01bn | HK$10.39bn | HK$5.54bn | HK$4.76bn | HK$4.94bn | HK$4.79bn | HK$5.20bn |
| Gross profit | HK$409.5m | HK$311.7m | HK$441.5m | HK$1.09bn | HK$990.0m | HK$310.5m | HK$270.9m | HK$234.1m | HK$231.2m | HK$245.2m |
| Research and development | HK$34.2m | HK$31.5m | HK$32.5m | HK$39.6m | HK$40.2m | HK$25.7m | HK$24.0m | HK$27.1m | HK$25.2m | HK$18.8m |
| Operating income | HK$153.7m | HK$127.4m | HK$121.3m | HK$560.3m | HK$517.1m | HK$104.7m | HK$98.9m | HK$97.8m | HK$106.6m | HK$120.4m |
| Net income | HK$161.4m | HK$100.3m | HK$71.1m | HK$164.7m | HK$214.1m | HK$71.0m | HK$55.1m | HK$80.4m | HK$77.7m | HK$72.0m |
| Diluted earnings per share | 0.35 | 0.21 | 0.15 | 0.34 | 0.44 | 0.14 | 0.11 | 0.16 | 0.16 | 0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.26bn | HK$1.69bn | HK$1.74bn | HK$2.86bn | HK$3.64bn | HK$2.20bn | HK$1.58bn | HK$1.19bn | HK$977.6m | HK$1.26bn |
| Cash and short-term investments | HK$336.6m | HK$297.7m | HK$395.3m | HK$494.4m | HK$290.9m | HK$238.6m | HK$186.1m | HK$168.0m | HK$177.6m | HK$215.8m |
| Total liabilities | HK$1.20bn | HK$734.1m | HK$835.9m | HK$1.66bn | HK$2.60bn | HK$1.50bn | HK$946.2m | HK$585.2m | HK$464.0m | HK$819.5m |
| Debt | HK$568.4m | HK$315.7m | HK$484.5m | HK$1.05bn | HK$1.67bn | HK$754.6m | HK$456.7m | HK$59.3m | HK$2.1m | HK$177.0m |
| Shareholders' equity | HK$1.06bn | HK$959.3m | HK$904.7m | HK$873.4m | HK$806.0m | HK$630.7m | HK$579.0m | HK$568.3m | HK$513.5m | HK$440.8m |
| Shares outstanding | 466m | 468m | 489m | 489m | 489m | 492m | 501m | 504m | 500m | 435m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$378.5m | HK$216.5m | HK$361.6m | HK$869.8m | −HK$441.2m | −HK$191.0m | −HK$219.9m | HK$71.9m | HK$20.9m | HK$373.1m |
| Capital spending | −HK$676,000 | −HK$1.1m | −HK$5.8m | −HK$10.5m | −HK$6.3m | −HK$1.1m | −HK$1.9m | −HK$1.8m | −HK$2.3m | −HK$1.0m |
| Free cash flow | −HK$379.1m | HK$215.4m | HK$355.8m | HK$859.2m | −HK$447.5m | −HK$192.1m | −HK$221.9m | HK$70.1m | HK$18.6m | HK$372.1m |
| Dividends paid | −HK$60.0m | −HK$32.7m | −HK$28.3m | −HK$58.1m | −HK$39.1m | −HK$19.9m | −HK$30.2m | −HK$25.0m | −HK$10.0m | −HK$31.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$6.82bn | HK$3.79bn | HK$2.80bn | HK$2.02bn | HK$1.01bn | HK$2.62bn | HK$1.31bn | HK$2.48bn |
| Gross profit | HK$408.1m | HK$247.3m | HK$162.2m | HK$168.3m | HK$84.1m | HK$142.6m | HK$71.7m | HK$210.0m |
| Operating income | HK$257.5m | HK$104.6m | HK$49.1m | HK$63.5m | HK$31.7m | HK$47.0m | HK$23.5m | HK$75.3m |
| Net income | HK$290.0m | HK$112.9m | HK$48.5m | HK$64.0m | HK$32.0m | HK$36.3m | HK$18.2m | HK$58.5m |
| Diluted earnings per share | 0.63 | 0.24 | 0.10 | 0.14 | 0.07 | 0.08 | 0.04 | 0.12 |
| Cash from operations | — | HK$59.0m | −HK$437.0m | HK$157.0m | — | HK$42.0m | HK$6.0m | HK$184.0m |
| Capital spending | — | — | — | — | — | — | — | −HK$2.0m |
| Free cash flow | — | — | — | — | — | — | — | HK$182.0m |
| Total assets | HK$4.00bn | HK$2.26bn | HK$2.26bn | HK$1.69bn | HK$1.69bn | HK$1.92bn | HK$1.92bn | HK$1.74bn |
| Cash and short-term investments | HK$454.2m | HK$336.6m | HK$160.2m | HK$297.7m | HK$297.7m | HK$435.8m | HK$269.8m | HK$395.3m |
| Debt | HK$1.28bn | HK$568.4m | HK$613.7m | HK$315.7m | HK$310.5m | HK$528.5m | HK$521.1m | HK$484.5m |
| Shareholders' equity | HK$1.31bn | HK$1.06bn | HK$967.9m | HK$959.3m | HK$959.3m | HK$912.4m | HK$912.5m | HK$904.7m |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.2% | 6.7% | 7.8% | 10.9% | 9.5% | 5.6% |
| Operating margin | 2.3% | 3.0% | 2.9% | 5.4% | 5.1% | 2.2% |
| Net margin | 2.4% | 2.2% | 1.3% | 1.6% | 2.1% | 1.3% |
| Return on equity | 15.2% | 10.5% | 7.9% | 18.9% | 26.6% | 11.3% |
| Return on assets | 7.1% | 5.9% | 4.1% | 5.8% | 5.9% | 3.2% |
| Free cash flow yield | -24.7% | 14.2% | 22.9% | 54.9% | -27.1% | -11.8% |
| Revenue growth | 41.8% | -18.0% | -43.4% | -3.7% | 87.5% | 16.3% |
| Earnings growth | 60.8% | 41.1% | -56.8% | -23.0% | 201.5% | 28.9% |
| Current ratio | 1.57x | 1.84x | 1.69x | 1.57x | 1.32x | 1.36x |
| Debt to equity | 0.51x | 0.33x | 0.53x | 1.20x | 2.05x | 1.17x |
| Equity ratio | 46.9% | 56.6% | 52.0% | 30.5% | 22.1% | 28.7% |
| Interest coverage | 5.06x | 5.32x | 2.92x | 6.79x | 9.77x | 6.61x |
| R&D as a share of sales | 0.5% | 0.7% | 0.6% | 0.4% | 0.4% | 0.5% |
| Buybacks as a share of market value | 0.5% | 4.2% | 0.0% | 0.0% | 0.7% | 1.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.0% | 3.5% | 5.8% |
| Operating income | -35.0% | 8.0% | 5.9% |
| Net income | -0.7% | 17.8% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.4% | 8.4% | 8.3% | 7.1% |
| Operating margin | 2.5% | 3.6% | 3.7% | 3.2% |
| Net margin | 2.3% | 1.8% | 1.8% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.1 | 7.2 | 11.0 | 6.9 | 3.6 | 8.7 | 13.7 | 10.7 | 11.3 | 12.0 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 1 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.14 | 0.13 | 0.07 | 0.06 | 0.12 | 0.08 | 0.04 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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