H 
0.17
—
Close of 9 Nov 2026, in HKD
Search any instrument
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$131.5m
FY2016FY2025
Net income
−HK$89.7m
FY2016FY2025
Free cash flow
−HK$26.6m
FY2016FY2025
Shareholders' equity
HK$663.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$131.5m | HK$211.5m | HK$224.4m | HK$424.4m | HK$755.6m | HK$1.04bn | HK$1.19bn | HK$1.42bn | HK$1.52bn | HK$1.18bn |
| Gross profit | −HK$38.9m | HK$17.8m | HK$13.9m | HK$7.4m | HK$144.2m | HK$127.9m | HK$115.3m | HK$200.2m | HK$405.5m | HK$267.7m |
| Operating income | −HK$87.0m | −HK$90.3m | −HK$103.0m | −HK$185.0m | −HK$160.0m | HK$15.3m | −HK$16.8m | HK$46.5m | HK$173.7m | HK$92.7m |
| Net income | −HK$89.7m | −HK$95.2m | −HK$100.8m | −HK$192.7m | −HK$172.4m | HK$1.4m | −HK$7.9m | HK$30.5m | HK$137.7m | HK$76.4m |
| Diluted earnings per share | -0.11 | -0.12 | -0.12 | -0.24 | -0.21 | 0.00 | -0.01 | 0.04 | 0.17 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$832.1m | HK$908.4m | HK$1.02bn | HK$1.19bn | HK$1.64bn | HK$2.20bn | HK$2.00bn | HK$2.09bn | HK$2.11bn | HK$2.09bn |
| Cash and short-term investments | HK$11.5m | HK$34.1m | HK$47.3m | HK$110.8m | HK$246.7m | HK$291.6m | HK$292.3m | HK$219.4m | HK$335.5m | HK$547.6m |
| Total liabilities | HK$168.7m | HK$180.4m | HK$177.5m | HK$229.2m | HK$393.9m | HK$581.9m | HK$466.0m | HK$539.2m | HK$474.8m | HK$632.5m |
| Debt | HK$93.1m | HK$92.5m | HK$73.8m | HK$98.4m | HK$236.9m | HK$290.6m | HK$225.0m | HK$221.1m | HK$155.9m | HK$286.5m |
| Shareholders' equity | HK$663.4m | HK$728.0m | HK$842.9m | HK$961.9m | HK$1.25bn | HK$1.62bn | HK$1.53bn | HK$1.55bn | HK$1.64bn | HK$1.46bn |
| Shares outstanding | 818m | 817m | 818m | 818m | 818m | 818m | 818m | 803m | 797m | 797m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$25.7m | −HK$26.3m | −HK$32.1m | HK$374,000 | HK$65.0m | HK$105.6m | HK$205.8m | HK$20.5m | HK$109.6m | HK$241.4m |
| Capital spending | −HK$907,000 | −HK$3.2m | −HK$8.7m | −HK$4.0m | −HK$36.4m | −HK$133.7m | −HK$124.2m | −HK$146.6m | −HK$168.1m | −HK$141.1m |
| Free cash flow | −HK$26.6m | −HK$29.5m | −HK$40.9m | −HK$3.6m | HK$28.6m | −HK$28.1m | HK$81.6m | −HK$126.0m | −HK$58.5m | HK$100.3m |
| Dividends paid | — | — | — | — | — | — | — | −HK$63.7m | −HK$35.9m | −HK$12.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$29.9m | HK$62.3m | HK$69.1m | HK$103.7m | HK$107.8m | HK$118.1m | HK$106.2m | HK$182.5m |
| Gross profit | HK$2.1m | HK$4.9m | HK$5.0m | HK$8.5m | HK$9.2m | −HK$16.3m | −HK$23.3m | −HK$2.4m |
| Operating income | −HK$11.9m | −HK$7.3m | −HK$42.5m | −HK$17.0m | −HK$14.6m | −HK$50.3m | −HK$53.7m | −HK$85.6m |
| Net income | −HK$39.7m | −HK$51.3m | −HK$38.4m | −HK$51.6m | −HK$43.7m | −HK$41.7m | −HK$59.1m | −HK$109.6m |
| Diluted earnings per share | -0.05 | -0.06 | -0.05 | -0.06 | -0.05 | -0.05 | -0.07 | -0.13 |
| Cash from operations | HK$2.0m | −HK$15.0m | −HK$9.0m | −HK$20.0m | −HK$9.0m | −HK$13.0m | −HK$18.0m | −HK$24.0m |
| Capital spending | — | — | — | −HK$2.0m | −HK$1.0m | −HK$5.0m | −HK$3.0m | −HK$2.0m |
| Free cash flow | — | — | — | −HK$22.0m | −HK$10.0m | −HK$18.0m | −HK$21.0m | −HK$26.0m |
| Total assets | HK$823.5m | HK$832.1m | HK$870.2m | HK$908.4m | HK$966.1m | HK$1.02bn | HK$1.05bn | HK$1.19bn |
| Cash and short-term investments | HK$11.7m | HK$11.5m | HK$24.6m | HK$34.1m | HK$50.9m | HK$47.3m | HK$48.4m | HK$110.8m |
| Debt | HK$97.3m | HK$93.3m | HK$92.0m | HK$92.6m | HK$90.1m | HK$73.8m | HK$54.1m | HK$98.4m |
| Shareholders' equity | HK$655.3m | HK$663.4m | HK$709.4m | HK$728.0m | HK$776.5m | HK$842.9m | HK$881.1m | HK$961.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -32.3% | -33.9% | -18.9% |
| Operating income | -22.2% | — | — |
| Net income | -22.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -6.1% | 0.0% | 9.8% | 16.1% |
| Operating margin | -51.7% | -46.9% | -21.9% | -2.8% |
| Net margin | -53.9% | -48.2% | -23.3% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -0.7 | -0.7 | -0.5 | -1.2 | 137.4 | -39.8 | 11.3 | 7.9 | 10.1 |
| Price to sales | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.2 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.015 | 0.015 | 0.015 | 0.029 | 0.027 | 0.008 | 0.037 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.