N 
0.61
+6.09%
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$737.1m
FY2017FY2026
Net income
−HK$58.4m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$352.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$737.1m | HK$929.2m | HK$628.2m | HK$545.2m | HK$654.9m | HK$591.5m | HK$648.6m | HK$1.02bn | HK$928.5m | HK$1.24bn |
| Gross profit | HK$83.9m | HK$59.0m | HK$61.1m | HK$53.6m | HK$82.8m | HK$23.7m | HK$47.0m | HK$205.9m | −HK$10.4m | HK$199.0m |
| Research and development | — | — | — | — | — | — | HK$4.6m | HK$3.7m | HK$27.1m | — |
| Operating income | −HK$38.9m | −HK$47.7m | −HK$37.9m | −HK$3.9m | −HK$15.3m | −HK$90.1m | −HK$121.8m | −HK$74.7m | −HK$189.9m | HK$91.7m |
| Net income | −HK$58.4m | −HK$80.7m | HK$2.9m | −HK$20.8m | HK$5.5m | −HK$55.0m | −HK$295.7m | −HK$92.7m | −HK$224.8m | HK$47.6m |
| Diluted earnings per share | -0.25 | -0.48 | 0.02 | -0.14 | 0.05 | -0.06 | -4.73 | -0.16 | -0.40 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.04bn | HK$1.21bn | HK$1.10bn | HK$1.03bn | HK$812.6m | HK$1.08bn | HK$1.30bn | HK$1.82bn | HK$1.64bn | HK$1.44bn |
| Cash and short-term investments | HK$33.3m | HK$115.2m | HK$37.3m | HK$134.5m | HK$117.5m | HK$66.7m | HK$40.6m | HK$59.5m | HK$61.7m | HK$160.7m |
| Total liabilities | HK$644.3m | HK$833.9m | HK$637.6m | HK$627.0m | HK$573.2m | HK$947.7m | HK$1.15bn | HK$1.33bn | HK$1.16bn | HK$936.8m |
| Debt | HK$276.1m | HK$254.3m | HK$204.5m | HK$218.9m | HK$80.8m | HK$150.9m | HK$151.1m | HK$303.1m | HK$294.4m | HK$211.4m |
| Shareholders' equity | HK$352.8m | HK$319.8m | HK$399.3m | HK$359.4m | HK$191.0m | HK$100.5m | HK$110.3m | HK$418.4m | HK$405.8m | HK$483.8m |
| Shares outstanding | 229m | 167m | 161m | 153m | 117m | 930m | 62m | 566m | 566m | 515m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | HK$36.1m | −HK$33.7m | −HK$14.1m | HK$102.7m | HK$23.2m | HK$105.1m | HK$25.3m | −HK$184.7m | −HK$167.7m |
| Capital spending | — | −HK$16.0m | −HK$20.2m | −HK$238.3m | −HK$16.5m | −HK$10.6m | −HK$6.1m | −HK$32.9m | −HK$21.9m | −HK$21.5m |
| Free cash flow | — | HK$20.2m | −HK$53.9m | −HK$252.4m | HK$86.2m | HK$12.6m | HK$99.0m | −HK$7.7m | −HK$206.6m | −HK$189.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$359.9m | HK$377.2m | HK$566.9m | HK$362.3m | HK$321.1m | HK$307.1m | HK$255.7m | HK$289.5m |
| Gross profit | HK$58.5m | HK$25.3m | HK$25.1m | HK$33.9m | HK$20.3m | HK$40.8m | HK$27.8m | HK$25.8m |
| Operating income | −HK$9.2m | −HK$20.3m | −HK$36.3m | −HK$15.7m | −HK$26.1m | −HK$11.8m | −HK$11.3m | −HK$30.8m |
| Net income | −HK$39.3m | −HK$19.0m | −HK$65.9m | −HK$14.9m | HK$9.3m | −HK$6.4m | −HK$7.5m | −HK$13.3m |
| Diluted earnings per share | -0.17 | -0.11 | -0.39 | -0.09 | 0.06 | -0.04 | -0.05 | -0.11 |
| Cash from operations | — | −HK$21.0m | HK$21.0m | HK$14.0m | −HK$111.0m | HK$78.0m | HK$42.0m | −HK$50.0m |
| Capital spending | — | — | −HK$15.0m | — | −HK$20.0m | — | −HK$134.0m | — |
| Free cash flow | — | — | HK$6.0m | — | −HK$131.0m | — | −HK$92.0m | — |
| Total assets | HK$1.04bn | HK$1.14bn | HK$1.21bn | HK$1.20bn | HK$1.10bn | HK$993.0m | HK$1.03bn | HK$789.1m |
| Cash and short-term investments | HK$33.3m | HK$43.7m | HK$115.2m | HK$53.4m | HK$37.3m | HK$114.9m | HK$134.5m | HK$70.7m |
| Debt | HK$117.2m | HK$280.3m | HK$254.3m | HK$194.7m | HK$204.5m | HK$189.2m | HK$218.9m | HK$83.3m |
| Shareholders' equity | HK$352.8m | HK$339.5m | HK$319.8m | HK$392.0m | HK$399.3m | HK$384.3m | HK$359.4m | HK$233.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.6% | 4.5% | -6.3% |
| Operating income | 115.6% | -15.5% | — |
| Net income | 41.1% | 1.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.6% | 9.1% | 8.9% | 10.0% |
| Operating margin | -5.2% | -4.5% | -5.7% | -4.9% |
| Net margin | -8.3% | -5.5% | -5.1% | -7.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.3 | -2.1 | 61.1 | -44.2 | 98.1 | -109.9 | -0.4 | -25.6 | -30.4 | 179.9 |
| Price to sales | 0.2 | 0.2 | 0.3 | 1.7 | 0.8 | 10.2 | 0.2 | 2.3 | 7.4 | 6.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Dec 2014.
| FY2015 | |
|---|---|
| Paid in the year | 0.25 |
- 10-to-1 reverse split · 14 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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