S 
0.15
-3.85%
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$175.8m
FY2016FY2025
Net income
−HK$7.5m
FY2016FY2025
Free cash flow
−HK$5.2m
FY2016FY2025
Shareholders' equity
HK$357.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$175.8m | HK$182.8m | HK$137.2m | HK$122.1m | HK$707.7m | HK$419.3m | HK$476.0m | HK$977.0m | HK$702.4m | HK$200.1m |
| Gross profit | HK$12.8m | HK$16.3m | HK$9.3m | HK$8.2m | HK$8.5m | HK$7.3m | HK$7.4m | HK$11.7m | HK$19.3m | HK$5.4m |
| Research and development | HK$4.6m | HK$4.7m | HK$5.0m | HK$4.8m | HK$3.3m | HK$2.2m | HK$2.4m | HK$4.3m | HK$543,000 | — |
| Operating income | −HK$18.9m | −HK$6.0m | −HK$12.6m | −HK$12.4m | −HK$9.7m | −HK$9.6m | −HK$13.8m | −HK$2.5m | HK$6.3m | −HK$20.2m |
| Net income | −HK$7.5m | −HK$8.1m | −HK$11.3m | −HK$9.8m | −HK$9.8m | −HK$9.8m | −HK$11.2m | −HK$485,000 | HK$5.3m | −HK$15.9m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | 0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$418.6m | HK$395.0m | HK$404.6m | HK$426.5m | HK$463.3m | HK$514.1m | HK$482.8m | HK$479.2m | HK$558.7m | HK$449.0m |
| Cash and short-term investments | HK$71.0m | HK$76.5m | HK$82.1m | HK$93.9m | HK$100.7m | HK$110.0m | HK$125.4m | HK$134.0m | HK$165.2m | HK$70.4m |
| Total liabilities | HK$55.4m | HK$40.6m | HK$41.1m | HK$48.5m | HK$47.6m | HK$36.3m | HK$32.0m | HK$32.5m | HK$122.5m | HK$31.4m |
| Debt | HK$3.5m | HK$127,000 | HK$1.7m | HK$4.9m | — | — | — | — | HK$208,000 | HK$298,000 |
| Shareholders' equity | HK$357.1m | HK$344.9m | HK$356.7m | HK$367.3m | HK$403.3m | HK$465.7m | HK$439.8m | HK$435.0m | HK$423.4m | HK$409.9m |
| Shares outstanding | 1,816m | 1,816m | 1,816m | 1,816m | 1,816m | 1,816m | 1,816m | 1,691m | 1,651m | 1,611m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$4.1m | −HK$5.3m | −HK$8.9m | −HK$1.9m | −HK$8.0m | −HK$14.0m | −HK$8.2m | −HK$8.5m | HK$8.7m | −HK$7.5m |
| Capital spending | −HK$1.1m | −HK$282,000 | −HK$122,000 | −HK$5.4m | −HK$1.6m | −HK$1.8m | −HK$185,000 | −HK$2.2m | −HK$14.6m | −HK$239,000 |
| Free cash flow | −HK$5.2m | −HK$5.6m | −HK$9.0m | −HK$7.3m | −HK$9.6m | −HK$15.8m | −HK$8.4m | −HK$10.6m | −HK$5.9m | −HK$7.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$39.6m | HK$98.6m | HK$77.2m | HK$116.5m | HK$66.2m | HK$104.9m | HK$52.4m | HK$32.3m |
| Gross profit | HK$6.9m | HK$5.4m | HK$7.5m | HK$9.6m | HK$6.7m | HK$7.0m | HK$3.5m | HK$2.3m |
| Operating income | −HK$3.3m | −HK$10.9m | −HK$6.8m | −HK$2.2m | −HK$3.8m | −HK$6.0m | −HK$2.7m | −HK$9.2m |
| Net income | HK$1.9m | −HK$7.3m | −HK$202,000 | −HK$6.1m | −HK$2.0m | −HK$4.9m | −HK$2.5m | −HK$6.4m |
| Diluted earnings per share | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | −HK$2.0m | −HK$1.0m | −HK$1.0m | −HK$3.0m | −HK$3.0m | −HK$2.0m | −HK$4.0m |
| Total assets | HK$442.7m | HK$418.6m | HK$424.5m | HK$395.0m | HK$412.3m | HK$404.6m | HK$404.6m | HK$401.7m |
| Cash and short-term investments | HK$77.9m | HK$71.0m | HK$75.5m | HK$76.5m | HK$79.6m | HK$82.1m | HK$82.1m | HK$86.8m |
| Debt | HK$709,000 | HK$3.5m | HK$4.2m | HK$127,000 | HK$891,000 | HK$1.7m | — | HK$2.4m |
| Shareholders' equity | HK$383.8m | HK$357.1m | HK$363.5m | HK$344.9m | HK$359.3m | HK$356.7m | HK$356.7m | HK$356.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.9% | -16.0% | 2.1% |
| Operating income | 14.9% | 14.5% | -1.6% |
| Net income | -8.6% | -5.2% | -7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.1% | 7.5% | 3.6% | 2.6% |
| Operating margin | -6.9% | -8.1% | -4.0% | -2.9% |
| Net margin | -4.4% | -5.9% | -3.2% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -58.9 | -21.9 | -27.3 | -29.6 | -22.3 | -33.3 | -53.4 | -1342.2 | 130.3 | -49.2 |
| Price to sales | 2.5 | 1.0 | 2.3 | 2.4 | 0.3 | 0.8 | 1.3 | 0.7 | 1.0 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 26 Jan 2012
- 2.618-for-1 split · 16 Jan 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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