P 
0.19
+2.76%
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$273.7m
FY2016FY2025
Net income
HK$23.2m
FY2016FY2025
Free cash flow
HK$31.7m
FY2016FY2025
Shareholders' equity
HK$201.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$273.7m | HK$292.4m | HK$314.8m | HK$313.8m | HK$164.0m | HK$308.0m | HK$478.2m | HK$258.9m | HK$287.8m | HK$392.4m |
| Research and development | HK$23.1m | HK$23.1m | HK$25.8m | HK$18.3m | HK$18.5m | HK$18.6m | HK$13.9m | HK$16.8m | HK$15.4m | HK$12.1m |
| Operating income | HK$30.2m | HK$5.2m | −HK$56.4m | −HK$26.8m | −HK$78.4m | HK$1.0m | −HK$60.3m | −HK$602.1m | −HK$162.2m | −HK$416.1m |
| Net income | HK$23.2m | −HK$17.8m | −HK$73.5m | −HK$28.6m | −HK$105.3m | −HK$73.0m | −HK$87.0m | −HK$623.1m | −HK$180.3m | −HK$443.4m |
| Diluted earnings per share | 0.01 | -0.01 | -0.04 | -0.02 | -0.06 | -0.04 | -0.05 | -0.36 | -0.10 | -0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$683.2m | HK$642.9m | HK$712.0m | HK$823.4m | HK$716.5m | HK$1.02bn | HK$966.6m | HK$983.9m | HK$1.54bn | HK$1.72bn |
| Cash and short-term investments | HK$76.5m | HK$15.6m | HK$48.2m | HK$40.0m | HK$50.0m | HK$29.6m | HK$34.3m | HK$39.3m | HK$24.7m | HK$44.9m |
| Total liabilities | HK$474.5m | HK$462.7m | HK$520.9m | HK$561.7m | HK$425.8m | HK$664.3m | HK$572.6m | HK$520.3m | HK$416.1m | HK$486.8m |
| Debt | HK$143.1m | HK$148.6m | HK$190.0m | HK$231.1m | HK$187.2m | HK$341.2m | HK$344.0m | HK$292.4m | HK$211.7m | HK$223.1m |
| Shareholders' equity | HK$201.6m | HK$172.8m | HK$186.8m | HK$256.0m | HK$286.0m | HK$331.9m | HK$369.7m | HK$462.7m | HK$1.12bn | HK$1.23bn |
| Shares outstanding | 1,727m | 1,727m | 1,727m | 1,727m | 1,727m | 1,727m | 1,727m | 1,727m | 1,727m | 1,713m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$35.3m | HK$19.2m | −HK$28.7m | HK$22.9m | HK$123.3m | −HK$9.0m | −HK$33.6m | −HK$19.8m | −HK$30.4m | −HK$121.8m |
| Capital spending | −HK$3.5m | −HK$7.7m | −HK$871,000 | −HK$3.8m | −HK$5.6m | −HK$23.7m | −HK$25.0m | −HK$34.6m | −HK$23.3m | −HK$35.4m |
| Free cash flow | HK$31.7m | HK$11.5m | −HK$29.6m | HK$19.1m | HK$117.6m | −HK$32.6m | −HK$58.6m | −HK$54.4m | −HK$53.7m | −HK$157.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$48.1m | HK$161.4m | HK$112.3m | HK$127.8m | HK$165.9m | HK$211.6m | HK$103.3m | HK$246.7m |
| Operating income | −HK$25.8m | HK$23.8m | −HK$4.7m | HK$2.0m | HK$6.3m | −HK$28.7m | −HK$12.8m | HK$978,000 |
| Net income | −HK$35.3m | HK$35.0m | −HK$11.8m | −HK$17.4m | −HK$395,000 | −HK$56.4m | −HK$17.1m | HK$9.1m |
| Diluted earnings per share | -0.02 | 0.02 | -0.01 | -0.01 | -0.00 | -0.03 | -0.01 | 0.01 |
| Cash from operations | HK$22.0m | HK$33.0m | HK$4.0m | HK$44.0m | — | −HK$13.0m | −HK$7.0m | HK$11.0m |
| Capital spending | −HK$18.0m | −HK$1.0m | −HK$1.0m | −HK$3.0m | −HK$4.0m | — | — | −HK$1.0m |
| Free cash flow | HK$4.0m | HK$32.0m | HK$3.0m | HK$41.0m | — | — | — | HK$10.0m |
| Total assets | HK$590.8m | HK$683.2m | HK$601.0m | HK$642.9m | HK$694.1m | HK$712.0m | HK$725.4m | HK$823.4m |
| Cash and short-term investments | HK$25.0m | HK$76.5m | HK$35.4m | HK$15.6m | HK$40.1m | HK$31.6m | HK$22.2m | HK$40.0m |
| Debt | HK$85.2m | HK$143.1m | HK$147.8m | HK$148.6m | HK$183.0m | HK$190.0m | HK$209.3m | HK$231.1m |
| Shareholders' equity | HK$175.8m | HK$201.6m | HK$164.1m | HK$172.8m | HK$188.8m | HK$186.8m | HK$237.1m | HK$256.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.5% | -2.3% | -8.0% |
| Operating income | — | 97.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.3% | -4.0% | -7.5% | -44.2% |
| Net margin | 1.0% | -8.1% | -16.5% | -53.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.8 | -5.6 | -1.7 | -4.2 | -1.6 | -2.3 | -1.7 | -0.4 | -2.1 | -1.0 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.4 | 1.0 | 0.5 | 0.3 | 0.9 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2014.
| FY2014 | |
|---|---|
| Paid in the year | 0.045 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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