U 
0.23
-2.17%
Close of 27 Oct 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$209.7m
FY2016FY2025
Net income
−HK$54.9m
FY2016FY2025
Free cash flow
HK$2.7m
FY2016FY2025
Shareholders' equity
HK$90.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$209.7m | HK$151.5m | HK$110.0m | HK$106.2m | HK$249.6m | HK$314.2m | HK$334.2m | HK$302.0m | HK$230.6m | HK$186.0m |
| Gross profit | HK$2.6m | −HK$1.8m | −HK$16.6m | HK$9.8m | HK$44.8m | HK$58.7m | HK$62.9m | HK$52.7m | HK$32.2m | HK$25.0m |
| Operating income | −HK$36.1m | −HK$27.8m | −HK$28.1m | −HK$7.1m | HK$32.8m | HK$46.7m | HK$38.2m | HK$51.1m | HK$21.9m | HK$17.6m |
| Net income | −HK$54.9m | −HK$27.0m | −HK$29.4m | −HK$7.4m | HK$26.3m | HK$37.7m | HK$29.6m | HK$43.2m | HK$18.3m | HK$14.6m |
| Diluted earnings per share | -0.32 | -0.22 | -0.29 | -0.07 | 0.26 | 0.50 | 0.40 | 0.26 | 0.11 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$250.9m | HK$216.8m | HK$177.4m | HK$254.5m | HK$278.4m | HK$240.2m | HK$175.5m | HK$151.0m | HK$176.7m | HK$125.8m |
| Cash and short-term investments | HK$13.0m | HK$9.7m | HK$10.1m | HK$49.5m | HK$73.4m | HK$15.6m | HK$9.9m | HK$2.1m | HK$1.2m | HK$2.6m |
| Total liabilities | HK$160.7m | HK$95.9m | HK$51.6m | HK$99.2m | HK$115.7m | HK$186.1m | HK$144.1m | HK$125.3m | HK$134.2m | HK$97.4m |
| Debt | HK$6.8m | HK$1.4m | HK$3.5m | HK$143,000 | HK$139,000 | HK$11.4m | HK$2.5m | HK$4.6m | HK$500,000 | HK$101,000 |
| Shareholders' equity | HK$90.3m | HK$120.9m | HK$125.9m | HK$155.3m | HK$162.7m | HK$54.1m | HK$31.4m | HK$25.7m | HK$42.6m | HK$28.4m |
| Shares outstanding | 169m | 120m | 100m | 100m | 100m | 75m | 75m | 169m | 169m | 169m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$2.7m | HK$590,000 | −HK$47.2m | −HK$23.8m | −HK$40.6m | HK$22.2m | HK$33.9m | HK$72.0m | HK$10.9m | −HK$30.3m |
| Capital spending | −HK$15,000 | −HK$1,000 | −HK$20,000 | −HK$6,000 | −HK$979,000 | −HK$27,000 | −HK$268,000 | −HK$9,000 | −HK$134,000 | −HK$52,000 |
| Free cash flow | HK$2.7m | HK$589,000 | −HK$47.3m | −HK$23.8m | −HK$41.5m | HK$22.2m | HK$33.7m | HK$72.0m | HK$10.8m | −HK$30.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$114.1m | HK$90.5m | HK$119.1m | HK$84.3m | HK$67.2m | HK$33.6m | HK$69.5m | HK$34.7m |
| Gross profit | HK$527,999 | HK$6.1m | −HK$3.2m | HK$12.2m | −HK$13.7m | −HK$6.8m | −HK$11.1m | −HK$5.5m |
| Operating income | −HK$13.4m | −HK$20.2m | −HK$14.9m | −HK$8.9m | −HK$18.9m | −HK$9.5m | −HK$23.0m | −HK$11.5m |
| Net income | −HK$13.0m | −HK$39.3m | −HK$15.5m | −HK$8.0m | −HK$19.0m | −HK$9.5m | −HK$23.0m | −HK$11.5m |
| Diluted earnings per share | -0.08 | -0.23 | -0.09 | -0.07 | -0.16 | -0.08 | -0.23 | -0.11 |
| Cash from operations | — | HK$2.0m | HK$1.0m | −HK$7.0m | HK$8.0m | HK$4.0m | −HK$10.0m | −HK$5.0m |
| Total assets | HK$262.3m | HK$250.9m | HK$225.9m | HK$216.8m | HK$190.6m | HK$190.6m | HK$177.4m | HK$177.4m |
| Cash and short-term investments | HK$12.7m | HK$13.0m | HK$9.0m | HK$9.7m | HK$17.4m | HK$17.4m | HK$10.1m | HK$10.1m |
| Debt | HK$61.0m | HK$63.0m | HK$35.7m | HK$1.4m | HK$2.8m | HK$2.7m | HK$3.5m | HK$3.5m |
| Shareholders' equity | HK$77.3m | HK$90.3m | HK$118.5m | HK$120.9m | HK$128.8m | HK$128.8m | HK$125.9m | HK$125.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.5% | -7.8% | — |
| Operating income | 72.2% | — | — |
| Net income | 94.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.2% | -1.0% | 8.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -1.5 | -2.9 | -4.1 | -14.1 | 1.6 |
| Price to sales | 0.4 | 0.5 | 1.1 | 1.0 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 28 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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