B 
0.23
+0.43%
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$172.5m
FY2018FY2025
Net income
−HK$87.7m
FY2018FY2025
Free cash flow
−HK$23.5m
FY2018FY2025
Shareholders' equity
HK$93.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$172.5m | HK$128.5m | HK$129.5m | HK$192.6m | HK$290.0m | HK$233.5m | HK$243.0m | HK$200.9m |
| Gross profit | HK$133.8m | HK$92.1m | HK$90.0m | HK$148.6m | HK$233.2m | HK$178.6m | HK$167.9m | HK$131.5m |
| Operating income | −HK$86.1m | −HK$52.2m | −HK$43.7m | HK$79.9m | HK$84.4m | HK$74.0m | HK$37.8m | HK$18.9m |
| Net income | −HK$87.7m | −HK$46.4m | −HK$46.2m | HK$75.6m | HK$62.9m | HK$54.5m | HK$24.1m | HK$9.9m |
| Diluted earnings per share | -0.09 | -0.05 | -0.05 | 0.08 | 0.06 | 0.06 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | HK$245.4m | HK$293.1m | HK$348.3m | HK$412.9m | HK$265.8m | HK$188.9m | HK$139.5m | HK$119.2m |
| Cash and short-term investments | HK$58.8m | HK$63.0m | HK$91.7m | HK$144.2m | HK$78.7m | HK$64.8m | HK$35.3m | HK$39.1m |
| Total liabilities | HK$152.1m | HK$101.5m | HK$100.9m | HK$61.6m | HK$115.5m | HK$100.8m | HK$93.0m | HK$81.2m |
| Debt | HK$7.3m | HK$56.3m | HK$61.9m | HK$9.1m | HK$54.2m | HK$46.8m | HK$45.2m | HK$24.0m |
| Shareholders' equity | HK$93.3m | HK$191.6m | HK$247.4m | HK$351.3m | HK$150.3m | HK$88.1m | HK$46.5m | HK$38.0m |
| Shares outstanding | 981m | 981m | 981m | 1,000m | 1,036m | 978m | 978m | 978m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$8.2m | −HK$4.4m | −HK$6.0m | −HK$12.0m | HK$27.2m | HK$52.4m | HK$20.8m | HK$17.6m |
| Capital spending | −HK$15.3m | −HK$8.5m | −HK$22.8m | −HK$3.8m | −HK$5.6m | −HK$1.3m | −HK$3.1m | −HK$5.1m |
| Free cash flow | −HK$23.5m | −HK$12.9m | −HK$28.8m | −HK$15.8m | HK$21.6m | HK$51.1m | HK$17.7m | HK$12.4m |
| Dividends paid | — | −HK$4.7m | −HK$19.1m | −HK$48.0m | −HK$7.0m | −HK$4.3m | −HK$4.8m | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$90.2m | HK$82.3m | HK$68.6m | HK$59.9m | HK$72.4m | HK$57.1m | HK$100.9m | HK$91.7m |
| Gross profit | HK$69.7m | HK$64.0m | HK$47.4m | HK$44.7m | HK$48.0m | HK$42.0m | HK$79.2m | HK$69.4m |
| Operating income | −HK$75.0m | −HK$11.1m | −HK$31.3m | −HK$21.0m | −HK$26.9m | −HK$16.7m | HK$96.3m | −HK$16.5m |
| Net income | −HK$77.0m | −HK$10.7m | −HK$30.3m | −HK$17.0m | −HK$30.4m | −HK$15.8m | HK$94.1m | −HK$18.5m |
| Diluted earnings per share | -0.08 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | 0.09 | -0.02 |
| Cash from operations | — | −HK$4.0m | −HK$4.0m | — | −HK$5.0m | — | HK$8.0m | −HK$28.0m |
| Capital spending | — | −HK$7.0m | −HK$8.0m | −HK$5.0m | −HK$22.0m | −HK$1.0m | — | −HK$2.0m |
| Free cash flow | — | −HK$11.0m | −HK$12.0m | — | −HK$27.0m | — | — | −HK$30.0m |
| Total assets | HK$245.4m | HK$288.2m | HK$293.1m | HK$314.8m | HK$348.3m | HK$374.9m | HK$412.9m | HK$359.4m |
| Cash and short-term investments | HK$58.8m | HK$54.7m | HK$63.0m | HK$75.6m | HK$91.7m | HK$118.6m | HK$144.2m | HK$183.6m |
| Debt | HK$7.3m | HK$60.0m | HK$56.3m | HK$55.7m | HK$61.9m | HK$50.5m | HK$9.1m | HK$11.6m |
| Shareholders' equity | HK$93.3m | HK$182.2m | HK$191.6m | HK$226.3m | HK$247.4m | HK$272.3m | HK$351.3m | HK$305.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.6% | -5.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 75.0% | 74.5% | 76.4% | — |
| Operating margin | -45.9% | -16.4% | 4.9% | — |
| Net margin | -44.5% | -16.8% | 1.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -10.6 | -23.7 | -27.8 | 23.6 |
| Price to sales | 5.4 | 8.6 | 9.9 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2024.
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Paid in the year | 0.005 | 0.02 | 0.048 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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