F 
0.16
—
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$85.4m
FY2016FY2025
Net income
−HK$20.4m
FY2016FY2025
Free cash flow
HK$369,386
FY2016FY2025
Shareholders' equity
HK$62.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$85.4m | HK$96.4m | HK$77.7m | HK$63.9m | HK$24.7m | HK$23.6m | HK$7.2m | HK$45.2m | HK$49.6m | HK$15.1m |
| Operating income | −HK$18.2m | −HK$13.7m | −HK$16.9m | −HK$6.5m | −HK$5.9m | −HK$17.8m | −HK$25.1m | −HK$47.6m | −HK$49.4m | −HK$10.3m |
| Net income | −HK$20.4m | −HK$18.8m | −HK$19.6m | −HK$8.9m | −HK$2.5m | −HK$13.8m | −HK$24.0m | −HK$57.8m | −HK$50.4m | −HK$13.9m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | -0.01 | -0.00 | -0.02 | -0.03 | -0.07 | -0.07 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$250.4m | HK$158.7m | HK$137.8m | HK$74.1m | HK$67.3m | HK$85.1m | HK$85.6m | HK$130.6m | HK$167.6m | HK$117.1m |
| Cash and short-term investments | HK$39.1m | HK$20.3m | HK$13.1m | HK$34.6m | HK$26.1m | HK$42.9m | HK$39.4m | HK$13.3m | HK$35.9m | HK$26.4m |
| Total liabilities | HK$187.7m | HK$111.7m | HK$104.7m | HK$23.5m | HK$9.6m | HK$13.5m | HK$12.2m | HK$28.7m | HK$16.3m | HK$16.9m |
| Debt | HK$45.7m | HK$50.9m | HK$60.0m | HK$12.8m | HK$822,000 | HK$610,220 | HK$3.1m | HK$10.2m | HK$13.4m | — |
| Shareholders' equity | HK$62.7m | HK$47.0m | HK$33.2m | HK$52.5m | HK$59.6m | HK$73.6m | HK$75.3m | HK$96.9m | HK$151.3m | HK$100.2m |
| Shares outstanding | 1,138m | 1,053m | 878m | 878m | 878m | 783m | 774m | 774m | 765m | 704m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$1.3m | −HK$8.0m | −HK$891,000 | −HK$3.5m | −HK$4.3m | −HK$1.7m | HK$10.3m | −HK$23.0m | −HK$40.8m | −HK$16.8m |
| Capital spending | −HK$927,441 | −HK$1.2m | −HK$64.0m | −HK$230,000 | −HK$204,000 | −HK$17.4m | −HK$1.0m | −HK$11,668 | −HK$2.5m | −HK$1.9m |
| Free cash flow | HK$369,386 | −HK$9.1m | −HK$64.9m | −HK$3.7m | −HK$4.5m | −HK$19.1m | HK$9.3m | −HK$23.0m | −HK$43.3m | −HK$18.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$73.7m | HK$73.8m | HK$11.6m | HK$51.5m | HK$44.9m | HK$66.2m | HK$11.5m | HK$51.0m |
| Operating income | −HK$10.2m | −HK$9.1m | −HK$8.8m | −HK$7.0m | −HK$6.5m | −HK$7.6m | −HK$6.6m | −HK$2.8m |
| Net income | −HK$10.9m | −HK$10.2m | −HK$10.2m | −HK$9.1m | −HK$9.7m | −HK$10.0m | −HK$9.6m | −HK$4.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | HK$2.0m | — | −HK$9.0m | HK$1.0m | HK$9.0m | −HK$10.0m | −HK$3.0m |
| Capital spending | — | — | — | −HK$1.0m | — | −HK$3.0m | — | — |
| Free cash flow | — | — | — | −HK$10.0m | — | HK$6.0m | — | — |
| Total assets | HK$217.0m | HK$250.4m | HK$187.6m | HK$158.7m | HK$167.0m | HK$137.8m | HK$73.7m | HK$74.1m |
| Cash and short-term investments | HK$29.4m | HK$39.1m | HK$18.9m | HK$20.3m | HK$47.3m | HK$13.1m | HK$29.2m | HK$31.3m |
| Debt | HK$10.7m | HK$45.7m | HK$53.2m | HK$50.9m | HK$59.3m | HK$60.0m | HK$21.5m | HK$12.8m |
| Shareholders' equity | HK$50.1m | HK$62.7m | HK$44.2m | HK$47.0m | HK$55.7m | HK$33.2m | HK$43.5m | HK$52.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.2% | 29.3% | 20.6% |
| Operating income | 41.0% | 0.4% | 36.6% |
| Net income | 32.1% | 8.2% | 20.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.6% | -17.1% | -21.3% | -42.3% |
| Net margin | -21.6% | -20.9% | -22.6% | -46.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.5 | -7.2 | -11.2 | -23.8 | -63.4 | -7.7 | -1.7 | -1.1 | -2.5 | -8.6 |
| Price to sales | 2.5 | 1.4 | 2.8 | 3.3 | 6.4 | 4.5 | 5.8 | 1.4 | 2.6 | 7.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 2 Sept 2022
- 10-for-1 split · 27 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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