E 
0.09
0.00%
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$177.6m
FY2016FY2025
Net income
−HK$97.8m
FY2016FY2025
Free cash flow
−HK$33.1m
FY2016FY2025
Shareholders' equity
HK$50.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$177.6m | HK$184.1m | HK$238.8m | HK$152.6m | HK$276.0m | HK$54.8m | HK$89.4m | HK$153.0m | HK$19.4m | HK$194.2m |
| Operating income | −HK$51.2m | −HK$24.1m | −HK$23.8m | −HK$43.6m | −HK$29.0m | −HK$78.2m | −HK$150.1m | −HK$132.7m | −HK$98.7m | −HK$42.3m |
| Net income | −HK$97.8m | −HK$32.0m | −HK$21.7m | −HK$40.8m | −HK$26.4m | −HK$76.9m | −HK$138.6m | −HK$126.7m | −HK$152.1m | HK$267.5m |
| Diluted earnings per share | -0.07 | -0.03 | -0.03 | -0.06 | -0.04 | -0.03 | -0.07 | -0.05 | -0.07 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$132.7m | HK$255.7m | HK$78.2m | HK$101.3m | HK$123.6m | HK$134.8m | HK$227.5m | HK$305.2m | HK$350.7m | HK$279.6m |
| Cash and short-term investments | HK$18.5m | HK$27.1m | HK$2.3m | HK$10.8m | HK$14.6m | HK$16.2m | HK$19.4m | HK$7.9m | HK$132.5m | HK$7.3m |
| Total liabilities | HK$82.2m | HK$131.6m | −HK$20.7m | −HK$16.3m | −HK$12.2m | HK$11.2m | HK$42.7m | HK$18.7m | HK$1.1m | HK$28.7m |
| Debt | HK$2.0m | HK$3.7m | HK$1.4m | HK$4.0m | HK$4.9m | HK$3.2m | HK$28.1m | HK$3.1m | — | HK$9.0m |
| Shareholders' equity | HK$50.5m | HK$124.1m | HK$98.8m | HK$117.6m | HK$135.7m | HK$123.6m | HK$184.8m | HK$286.5m | HK$349.6m | HK$250.8m |
| Shares outstanding | 1,247m | 948m | 729m | 642m | 600m | 2,910m | 2,122m | 2,533m | 2,152m | 2,022m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$32.9m | −HK$28.9m | −HK$16.4m | −HK$14.7m | −HK$10.9m | −HK$23.0m | −HK$54.3m | −HK$97.4m | −HK$57.4m | HK$10.3m |
| Capital spending | −HK$220,000 | −HK$2,000 | −HK$42,000 | — | −HK$106,000 | −HK$63,000 | −HK$885,000 | −HK$20.1m | −HK$6.8m | −HK$1.3m |
| Free cash flow | −HK$33.1m | −HK$28.9m | −HK$16.4m | −HK$14.7m | −HK$11.0m | −HK$23.0m | −HK$55.2m | −HK$117.5m | −HK$64.3m | HK$9.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$60.9m | HK$58.0m | HK$119.5m | HK$111.0m | HK$73.1m | HK$36.6m | HK$104.7m | HK$134.1m |
| Operating income | HK$1.6m | −HK$22.8m | −HK$28.5m | −HK$19.3m | −HK$4.9m | −HK$2.9m | −HK$12.1m | −HK$11.7m |
| Net income | HK$4.4m | −HK$27.9m | −HK$69.9m | −HK$27.5m | −HK$4.5m | −HK$2.6m | −HK$11.1m | −HK$10.6m |
| Diluted earnings per share | 0.00 | -0.02 | -0.06 | -0.02 | -0.01 | -0.00 | -0.01 | -0.01 |
| Total assets | — | HK$132.7m | HK$209.1m | HK$255.7m | HK$97.3m | HK$97.3m | HK$78.2m | HK$92.8m |
| Cash and short-term investments | — | HK$18.5m | HK$29.2m | HK$27.1m | HK$6.8m | HK$7.4m | HK$2.3m | HK$9.0m |
| Debt | — | HK$505,000 | HK$1.3m | HK$2.0m | HK$2.9m | HK$19.9m | HK$515,000 | HK$848,000 |
| Shareholders' equity | — | HK$50.5m | HK$80.3m | HK$124.1m | HK$104.9m | HK$31.9m | HK$98.8m | HK$109.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 26.5% | -0.8% |
| Operating income | 5.5% | -8.1% | 5.3% |
| Net income | 33.8% | 4.9% | -2.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -20.8% | -19.0% | -23.1% | -40.6% |
| Net margin | -35.9% | -25.5% | -27.3% | -32.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.9 | -3.2 | -14.3 | -2.4 | -1.1 | -2.3 | -1.6 | -3.0 | -4.1 | 4.2 |
| Price to sales | 1.0 | 0.6 | 1.3 | 0.6 | 0.1 | 3.2 | 2.5 | 2.5 | 32.1 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Dec 2006.
| FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.013 | 0.017 | 0.017 | 0.009 |
- 5-to-1 reverse split · 27 Jan 2022
- 2-to-1 reverse split · 8 Jan 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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