R 
0.13
—
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$51.4m
FY2017FY2026
Net income
−HK$143.6m
FY2017FY2026
Free cash flow
−HK$135.6m
FY2017FY2026
Shareholders' equity
HK$438.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$51.4m | HK$74.5m | HK$104.4m | HK$87.7m | HK$86.9m | HK$168.2m | HK$110.7m | HK$881.1m | HK$408.1m | HK$602.3m |
| Operating income | −HK$136.9m | −HK$43.1m | −HK$73.0m | −HK$32.9m | −HK$14.9m | −HK$51.8m | −HK$24.1m | HK$304.9m | −HK$11.8m | HK$47.9m |
| Net income | −HK$143.6m | −HK$281.4m | −HK$173.9m | −HK$189.3m | −HK$34.9m | HK$4.5m | −HK$77.3m | HK$330.0m | HK$31.1m | HK$53.5m |
| Diluted earnings per share | -0.38 | -0.75 | -0.46 | -0.50 | -0.09 | 0.01 | -0.16 | 0.69 | 0.07 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$593.6m | HK$813.4m | HK$1.15bn | HK$1.36bn | HK$1.59bn | HK$1.55bn | HK$1.80bn | HK$2.02bn | HK$2.64bn | HK$1.67bn |
| Cash and short-term investments | HK$35.9m | HK$63.6m | HK$100.9m | HK$167.5m | HK$110.1m | HK$369.8m | HK$242.1m | HK$439.0m | HK$374.5m | HK$124.3m |
| Total liabilities | HK$155.8m | HK$256.6m | HK$296.1m | HK$328.2m | HK$359.3m | HK$269.9m | HK$462.9m | HK$554.9m | HK$1.44bn | HK$526.9m |
| Debt | HK$133.8m | HK$170.3m | HK$279.6m | HK$312.8m | HK$331.6m | HK$241.0m | HK$306.4m | HK$340.2m | HK$832.3m | HK$368.3m |
| Shareholders' equity | HK$438.9m | HK$579.5m | HK$861.4m | HK$1.04bn | HK$1.23bn | HK$1.28bn | HK$1.32bn | HK$1.44bn | HK$1.15bn | HK$1.11bn |
| Shares outstanding | 375m | 375m | 375m | 375m | 375m | 375m | 477m | 477m | 477m | 477m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$128.9m | HK$15.8m | HK$678,000 | −HK$93.7m | −HK$14.5m | HK$121.6m | −HK$105.9m | HK$414.0m | HK$96.9m | HK$106.1m |
| Capital spending | −HK$6.6m | −HK$1.2m | −HK$836,000 | −HK$32,000 | −HK$74,000 | −HK$91,000 | −HK$435,000 | −HK$387,000 | −HK$91,000 | −HK$152,000 |
| Free cash flow | −HK$135.6m | HK$14.5m | −HK$158,000 | −HK$93.7m | −HK$14.5m | HK$121.5m | −HK$106.3m | HK$413.6m | HK$96.8m | HK$106.0m |
| Dividends paid | — | — | — | — | −HK$11.3m | −HK$11.3m | −HK$28.6m | −HK$14.3m | −HK$14.3m | −HK$14.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$345,000 | HK$51.0m | HK$630,000 | HK$73.8m | HK$99.0m | HK$5.4m | HK$2.7m | HK$4.9m |
| Operating income | −HK$90.7m | −HK$44.7m | −HK$33.5m | −HK$6.3m | −HK$39.4m | −HK$33.1m | −HK$20.8m | −HK$27.2m |
| Net income | −HK$97.8m | −HK$45.8m | −HK$192.6m | −HK$88.8m | −HK$115.3m | −HK$58.6m | −HK$30.0m | −HK$138.8m |
| Diluted earnings per share | -0.26 | -0.12 | -0.51 | -0.24 | -0.31 | -0.16 | -0.08 | -0.37 |
| Cash from operations | −HK$39.0m | −HK$89.0m | HK$15.0m | HK$45.0m | HK$38.0m | −HK$37.0m | — | −HK$131.0m |
| Capital spending | −HK$6.0m | — | −HK$1.0m | — | — | — | — | — |
| Free cash flow | −HK$45.0m | — | HK$14.0m | — | — | — | — | — |
| Total assets | HK$593.6m | HK$709.5m | HK$813.4m | HK$995.2m | HK$1.15bn | HK$1.31bn | HK$1.31bn | HK$1.36bn |
| Cash and short-term investments | HK$35.9m | HK$96.7m | HK$63.6m | HK$100.9m | HK$100.9m | HK$127.9m | HK$127.9m | HK$167.5m |
| Debt | HK$113.4m | HK$155.0m | HK$170.3m | HK$216.3m | HK$279.6m | HK$329.4m | HK$238.0m | HK$312.8m |
| Shareholders' equity | HK$438.9m | HK$537.5m | HK$579.5m | HK$773.7m | HK$861.4m | HK$974.5m | HK$966.6m | HK$1.04bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.3% | -21.1% | -10.3% |
| Operating income | 60.8% | 21.5% | 4.3% |
| Net income | -8.8% | — | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -143.0% | -89.9% | -61.5% | -4.6% |
| Net margin | -337.7% | -247.9% | -142.8% | -20.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.2 | -0.4 | -0.5 | -4.4 | 53.4 | -3.8 | 0.9 | 10.0 | 8.0 |
| Price to sales | 1.0 | 0.8 | 0.6 | 1.0 | 1.8 | 1.4 | 2.6 | 0.3 | 0.8 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 Aug 2021.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.06 | 0.03 | 0.03 | 0.03 | 0.05 | 0.003 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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