M 
1.73
+0.58%
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$37.6m
FY2016FY2025
Net income
−HK$32.0m
FY2016FY2025
Free cash flow
HK$28.7m
FY2016FY2025
Shareholders' equity
HK$351.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$37.6m | HK$102.5m | HK$126.4m | HK$27.5m | HK$24.5m | HK$43.5m | HK$72.2m | HK$62.2m | HK$84.9m | HK$134.2m |
| Operating income | −HK$10.8m | −HK$2.3m | −HK$24.4m | −HK$36.5m | −HK$36.5m | −HK$27.9m | HK$5.1m | HK$1.3m | HK$2.1m | HK$46.6m |
| Net income | −HK$32.0m | −HK$20.2m | −HK$23.8m | −HK$44.4m | −HK$43.3m | −HK$70.7m | HK$1.3m | −HK$107,000 | −HK$516,000 | HK$35.8m |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | -0.04 | 0.00 | -0.00 | -0.00 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$546.9m | HK$555.2m | HK$602.4m | HK$536.2m | HK$558.0m | HK$565.8m | HK$653.9m | HK$499.1m | HK$522.8m | HK$531.1m |
| Cash and short-term investments | HK$35.4m | HK$42.6m | HK$50.2m | HK$21.4m | HK$26.8m | HK$7.8m | HK$30.2m | HK$22.9m | HK$19.9m | HK$12.7m |
| Total liabilities | HK$195.5m | HK$173.1m | HK$200.0m | HK$110.1m | HK$87.5m | HK$52.1m | HK$69.5m | HK$76.4m | HK$100.0m | HK$107.7m |
| Debt | HK$87.7m | HK$132.1m | HK$119.1m | HK$81.7m | HK$61.7m | HK$30.5m | HK$30.9m | HK$40.3m | HK$49.6m | HK$59.0m |
| Shareholders' equity | HK$351.4m | HK$382.2m | HK$402.3m | HK$426.1m | HK$470.5m | HK$513.8m | HK$584.4m | HK$422.8m | HK$422.9m | HK$423.4m |
| Shares outstanding | 1,966m | 1,966m | 1,966m | 1,966m | 1,966m | 1,966m | 1,679m | 1,311m | 1,311m | 1,311m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$29.2m | HK$16.9m | −HK$22.2m | −HK$16.5m | −HK$11.4m | −HK$21.3m | HK$24.3m | HK$21.6m | HK$4.7m | HK$51.3m |
| Capital spending | −HK$475,000 | −HK$2.0m | −HK$4.5m | −HK$9.0m | −HK$737,000 | −HK$716,000 | −HK$168.0m | −HK$1.2m | −HK$555,000 | −HK$455,000 |
| Free cash flow | HK$28.7m | HK$14.9m | −HK$26.6m | −HK$25.4m | −HK$12.2m | −HK$22.0m | −HK$143.7m | HK$20.4m | HK$4.1m | HK$50.9m |
Latest quarters
By quarter end
| Sept 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$25.1m | HK$58.1m | HK$18.0m | HK$84.5m | HK$88.1m | HK$38.3m | HK$11.9m | HK$6.0m |
| Operating income | HK$1.4m | −HK$5.0m | HK$2.0m | −HK$4.2m | −HK$13.6m | −HK$10.7m | −HK$21.6m | −HK$11.1m |
| Net income | HK$381.7m | −HK$9.8m | −HK$10.7m | −HK$9.5m | −HK$4.1m | −HK$19.7m | −HK$28.1m | −HK$14.1m |
| Diluted earnings per share | 0.19 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 |
| Total assets | HK$304.0m | HK$511.6m | HK$555.2m | HK$584.9m | HK$602.4m | HK$556.3m | HK$536.2m | HK$536.2m |
| Cash and short-term investments | HK$229.9m | HK$31.5m | HK$42.6m | HK$49.9m | HK$50.2m | HK$18.9m | HK$21.4m | HK$23.6m |
| Debt | — | HK$80.3m | HK$84.4m | HK$85.0m | HK$76.5m | HK$6.8m | HK$81.7m | HK$81.7m |
| Shareholders' equity | HK$259.3m | HK$372.3m | HK$382.2m | HK$392.8m | HK$402.3m | HK$406.4m | HK$426.1m | HK$423.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.0% | -2.9% | -12.2% |
| Operating income | -33.3% | -17.3% | — |
| Net income | -10.3% | -14.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.3% | -25.1% | -38.2% | -4.2% |
| Net margin | -37.2% | -40.9% | -64.7% | -19.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -506.6 | -81.4 | -55.9 | -46.2 | -38.0 | -23.4 | — | -20822.7 | -4817.5 | 62.0 |
| Price to sales | 431.6 | 16.0 | 10.5 | 74.6 | 67.1 | 38.1 | 28.9 | 35.8 | 29.3 | 16.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 13 May 2025.
| FY2026 | FY2025 | FY2007 | FY2001 | |
|---|---|---|---|---|
| Paid in the year | 0.181 | 0.06 | 0.069 | 0.01 |
- 6-for-5 split · 10 Aug 1994
- 1.214-for-1 split · 14 Aug 1992
- 10-to-1 reverse split · 12 May 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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