T 
0.09
+2.41%
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$117.2m
FY2016FY2025
Net income
−HK$1.4m
FY2016FY2025
Free cash flow
−HK$1.0m
FY2016FY2025
Shareholders' equity
−HK$33.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$117.2m | HK$110.8m | HK$101.6m | HK$96.1m | HK$77.7m | HK$58.8m | HK$92.2m | HK$94.6m | HK$87.6m | HK$310.1m |
| Research and development | — | — | — | — | — | — | — | — | — | HK$2.3m |
| Operating income | −HK$3.6m | −HK$4.0m | HK$31,000 | −HK$23.6m | −HK$23.1m | −HK$55.3m | −HK$25.9m | −HK$13.6m | −HK$10.8m | HK$54.6m |
| Net income | −HK$1.4m | −HK$7.5m | −HK$8.3m | −HK$28.6m | −HK$20.9m | −HK$78.8m | −HK$30.4m | −HK$21.8m | −HK$8.5m | −HK$26.1m |
| Diluted earnings per share | -0.00 | -0.01 | -0.01 | -0.03 | -0.02 | -0.07 | -0.04 | -0.03 | -0.01 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$109.2m | HK$110.0m | HK$120.4m | HK$137.3m | HK$181.7m | HK$190.9m | HK$218.4m | HK$205.7m | HK$178.9m | HK$320.7m |
| Cash and short-term investments | HK$12.8m | HK$10.2m | HK$9.4m | HK$19.7m | HK$28.3m | HK$47.8m | HK$6.9m | HK$7.8m | HK$13.0m | HK$69.9m |
| Total liabilities | HK$143.0m | HK$145.7m | HK$143.8m | HK$152.2m | HK$165.4m | HK$155.2m | HK$157.3m | HK$141.6m | HK$172.6m | HK$315.2m |
| Debt | HK$93.5m | HK$97.2m | HK$96.2m | HK$105.1m | HK$103.3m | HK$105.1m | HK$108.6m | HK$99.5m | HK$137.0m | HK$80.1m |
| Shareholders' equity | −HK$33.8m | −HK$35.7m | −HK$23.5m | −HK$14.9m | HK$16.3m | HK$35.7m | HK$61.1m | HK$64.1m | HK$6.2m | HK$5.5m |
| Shares outstanding | 1,093m | 1,084m | 1,093m | 1,093m | 1,093m | 1,093m | 796m | 777m | 580m | 424m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$2.3m | HK$1.6m | HK$8.5m | −HK$6.6m | −HK$814,000 | −HK$5.6m | HK$707,000 | HK$5.5m | −HK$6.3m | −HK$22.6m |
| Capital spending | −HK$3.4m | −HK$1.0m | −HK$5.4m | −HK$1.4m | −HK$2.1m | −HK$607,000 | −HK$1.7m | −HK$2.3m | −HK$4.5m | −HK$2.1m |
| Free cash flow | −HK$1.0m | HK$609,000 | HK$3.1m | −HK$8.0m | −HK$2.9m | −HK$6.2m | −HK$1.0m | HK$3.2m | −HK$10.8m | −HK$24.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$59.2m | HK$64.8m | HK$52.4m | HK$60.8m | HK$50.0m | HK$55.6m | HK$27.8m | HK$46.0m |
| Operating income | −HK$2.7m | HK$2.8m | −HK$6.4m | −HK$2.5m | −HK$1.5m | HK$4.5m | HK$1.5m | −HK$4.5m |
| Net income | −HK$2.0m | HK$3.6m | −HK$5.0m | −HK$4.6m | −HK$2.9m | −HK$4.6m | −HK$2.3m | −HK$3.7m |
| Diluted earnings per share | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | HK$6.0m | −HK$3.0m | HK$1.0m | — | HK$6.0m | HK$3.0m | HK$1.0m |
| Capital spending | — | −HK$1.0m | −HK$1.0m | — | — | −HK$1.0m | — | −HK$3.0m |
| Free cash flow | — | HK$5.0m | −HK$4.0m | — | — | HK$5.0m | — | −HK$2.0m |
| Total assets | HK$101.6m | HK$109.2m | HK$111.3m | HK$110.0m | HK$120.4m | HK$120.4m | HK$120.4m | HK$124.1m |
| Cash and short-term investments | HK$11.1m | HK$12.8m | HK$8.1m | HK$10.2m | HK$9.6m | HK$9.4m | HK$10.3m | HK$8.6m |
| Debt | HK$27.6m | HK$93.5m | HK$100.9m | HK$97.2m | HK$98.0m | HK$96.2m | HK$86.8m | HK$95.8m |
| Shareholders' equity | −HK$37.6m | −HK$33.8m | −HK$37.5m | −HK$35.7m | −HK$26.3m | −HK$23.5m | −HK$23.5m | −HK$18.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.9% | 14.8% | -11.2% |
| Operating income | -46.7% | -42.2% | — |
| Net income | -63.4% | -55.3% | -33.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.3% | -7.3% | -19.5% | -3.2% |
| Net margin | -3.9% | -10.8% | -25.9% | -20.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.9 | -4.0 | -3.0 | -3.4 | -3.8 | -1.8 | -6.1 | -10.9 | -24.9 | -7.1 |
| Price to sales | 0.3 | 0.3 | 0.3 | 1.0 | 1.0 | 2.4 | 2.0 | 2.5 | 2.4 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Oct 2008.
| FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|
| Paid in the year | 0.017 | 0.024 | 0.024 | 0.025 | 0.022 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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