C 
0.09
+4.44%
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$59.7m
FY2016FY2025
Net income
−HK$96.2m
FY2016FY2025
Free cash flow
HK$3.4m
FY2016FY2025
Shareholders' equity
HK$543.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$59.7m | HK$48.4m | HK$51.8m | HK$65.6m | HK$64.3m | HK$73.7m | HK$101.1m | HK$293.6m | HK$628.9m | HK$525.9m |
| Operating income | HK$10.9m | −HK$31.6m | −HK$5.6m | −HK$6.7m | −HK$10.4m | −HK$21.2m | HK$1.8m | −HK$36.9m | −HK$95.8m | −HK$137.5m |
| Net income | −HK$96.2m | −HK$65.8m | −HK$111.3m | −HK$114.2m | −HK$167.1m | −HK$85.3m | −HK$178.2m | −HK$174.9m | −HK$286.9m | −HK$451.9m |
| Diluted earnings per share | -0.03 | -0.02 | -0.04 | -0.04 | -0.05 | -0.03 | -0.06 | -0.06 | -0.09 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.04bn | HK$1.07bn | HK$1.23bn | HK$1.40bn | HK$2.68bn | HK$2.71bn | HK$3.67bn | HK$2.87bn | HK$4.01bn | HK$4.91bn |
| Cash and short-term investments | HK$22.3m | HK$9.7m | HK$12.6m | HK$17.1m | HK$17.4m | HK$27.1m | HK$21.2m | HK$50.0m | HK$64.5m | HK$58.9m |
| Total liabilities | HK$495.9m | HK$467.6m | HK$573.4m | HK$609.8m | HK$1.66bn | HK$1.57bn | HK$2.52bn | HK$1.61bn | HK$2.40bn | HK$3.41bn |
| Debt | HK$404.6m | HK$361.8m | HK$345.7m | HK$371.8m | HK$1.09bn | HK$996.5m | HK$1.64bn | HK$971.4m | HK$516.8m | HK$1.24bn |
| Shareholders' equity | HK$543.6m | HK$601.5m | HK$656.4m | HK$792.5m | HK$1.02bn | HK$1.14bn | HK$1.16bn | HK$1.26bn | HK$1.51bn | HK$1.37bn |
| Shares outstanding | 3,128m | 3,128m | 3,128m | 3,128m | 3,128m | 3,128m | 3,128m | 3,082m | 3,128m | 2,307m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$3.4m | HK$5.8m | HK$1.2m | −HK$13.4m | −HK$4.8m | HK$24.4m | −HK$1.1m | HK$104.9m | HK$100.8m | −HK$159.9m |
| Capital spending | −HK$9,000 | −HK$15,000 | −HK$39,000 | −HK$309,000 | −HK$952,000 | −HK$4.4m | −HK$19.0m | −HK$467,000 | −HK$15.7m | −HK$19.0m |
| Free cash flow | HK$3.4m | HK$5.8m | HK$1.2m | −HK$13.7m | −HK$5.8m | HK$20.1m | −HK$20.1m | HK$104.4m | HK$85.1m | −HK$178.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$29.1m | HK$34.7m | HK$25.0m | HK$22.5m | HK$26.0m | HK$21.6m | HK$10.8m | HK$30.2m |
| Operating income | HK$2.5m | HK$8.7m | HK$2.2m | −HK$31.3m | HK$3.7m | −HK$21.6m | −HK$11.3m | −HK$9.9m |
| Net income | −HK$53.5m | −HK$51.9m | −HK$44.3m | −HK$29.4m | −HK$36.4m | −HK$81.0m | −HK$40.5m | −HK$30.4m |
| Diluted earnings per share | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.01 |
| Cash from operations | — | HK$9.0m | −HK$6.0m | HK$1.0m | −HK$6.0m | — | HK$7.0m | — |
| Total assets | HK$1.03bn | HK$1.04bn | HK$1.06bn | HK$1.07bn | HK$1.18bn | HK$1.23bn | HK$1.23bn | HK$1.32bn |
| Cash and short-term investments | HK$17.3m | HK$22.3m | HK$4.0m | HK$9.7m | HK$10.0m | HK$12.6m | HK$12.6m | HK$14.0m |
| Debt | HK$26.9m | HK$405.9m | HK$373.5m | HK$361.8m | HK$366.4m | HK$345.7m | HK$29.7m | HK$374.5m |
| Shareholders' equity | HK$521.4m | HK$543.6m | HK$590.3m | HK$601.5m | HK$605.6m | HK$656.4m | HK$656.4m | HK$721.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.1% | -4.1% | -18.8% |
| Net income | -5.6% | 2.4% | -6.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.1% | -14.6% | -17.8% | -16.5% |
| Net margin | -149.8% | -171.8% | -176.0% | -79.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -2.5 | -1.9 | -1.5 | -3.5 | -3.7 | -2.8 | -5.4 | -4.6 | -2.4 |
| Price to sales | 3.4 | 3.4 | 4.0 | 2.7 | 9.1 | 4.2 | 5.0 | 3.2 | 2.1 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 May 2004.
| FY2004 | FY2003 | |
|---|---|---|
| Paid in the year | 0.20 | 0.15 |
- 10-to-1 reverse split · 19 Sept 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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