J 
0.01
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Close of 26 Oct 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$266.2m
FY2016FY2025
Net income
−HK$188.4m
FY2016FY2025
Free cash flow
−HK$128.4m
FY2016FY2025
Shareholders' equity
−HK$255.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$266.2m | HK$786.9m | HK$471.8m | HK$837.9m | HK$1.28bn | HK$722.2m | HK$608.7m | HK$543.3m | HK$279.9m | HK$139.3m |
| Gross profit | HK$11.3m | HK$74.1m | HK$61.7m | HK$85.8m | HK$153.2m | HK$126.0m | HK$107.4m | HK$123.1m | HK$81.4m | HK$16.6m |
| Operating income | −HK$65.3m | −HK$10.7m | −HK$179.8m | −HK$30.1m | HK$93.2m | HK$48.2m | HK$14.5m | HK$57.7m | HK$16.7m | −HK$35.4m |
| Net income | −HK$188.4m | −HK$45.4m | −HK$383.3m | −HK$90.2m | HK$16.3m | HK$22.9m | HK$26.2m | HK$43.7m | HK$31.6m | −HK$35.3m |
| Diluted earnings per share | -0.03 | -0.01 | -0.07 | -0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.62bn | HK$2.09bn | HK$2.24bn | HK$2.96bn | HK$2.98bn | HK$2.66bn | HK$2.05bn | HK$1.81bn | HK$1.47bn | HK$252.3m |
| Cash and short-term investments | HK$38.5m | HK$26.7m | HK$21.3m | HK$193.1m | HK$272.9m | HK$373.0m | HK$153.3m | HK$45.1m | HK$127.5m | HK$121.2m |
| Total liabilities | HK$1.86bn | HK$2.06bn | HK$2.15bn | HK$2.48bn | HK$2.38bn | HK$2.10bn | HK$1.49bn | HK$1.34bn | HK$1.04bn | HK$57.8m |
| Debt | HK$913.4m | HK$882.7m | HK$690.0m | HK$819.8m | HK$734.7m | HK$662.8m | HK$286.2m | HK$804.0m | HK$727.7m | HK$16.8m |
| Shareholders' equity | −HK$255.6m | HK$29.6m | HK$82.9m | HK$475.6m | HK$599.9m | HK$562.4m | HK$520.0m | HK$474.9m | HK$437.4m | HK$194.5m |
| Shares outstanding | 5,472m | 5,472m | 5,472m | 5,472m | 5,472m | 5,472m | 5,472m | 5,472m | 5,475m | 4,448m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$77.7m | −HK$408.3m | −HK$1.2m | HK$35.7m | −HK$2.2m | −HK$111.6m | HK$638.5m | HK$163.7m | −HK$351.6m | −HK$4.6m |
| Capital spending | −HK$50.7m | — | −HK$23.5m | −HK$55.4m | −HK$190.0m | −HK$95.0m | −HK$119.9m | −HK$114.3m | −HK$282.2m | −HK$17.9m |
| Free cash flow | −HK$128.4m | −HK$408.3m | −HK$24.6m | −HK$19.8m | −HK$192.1m | −HK$206.6m | HK$518.6m | HK$49.3m | −HK$633.8m | −HK$22.5m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$104.0m | HK$162.2m | HK$421.3m | HK$365.6m | HK$118.4m | HK$353.4m | HK$437.9m | HK$400.0m |
| Gross profit | HK$18.9m | −HK$7.6m | HK$48.1m | HK$26.0m | HK$27.6m | HK$34.1m | HK$20.6m | HK$65.2m |
| Operating income | −HK$8.8m | −HK$56.5m | HK$6.4m | −HK$17.1m | −HK$22.3m | −HK$7.8m | −HK$38.1m | HK$25.7m |
| Net income | −HK$8.8m | −HK$179.6m | −HK$24.6m | −HK$20.8m | −HK$376.3m | −HK$7.0m | −HK$66.4m | −HK$23.8m |
| Diluted earnings per share | -0.00 | -0.03 | -0.00 | -0.00 | -0.07 | -0.00 | -0.01 | -0.00 |
| Cash from operations | −HK$128.0m | HK$50.0m | HK$24.0m | −HK$432.0m | HK$34.0m | −HK$35.0m | HK$8.0m | HK$27.0m |
| Capital spending | — | −HK$50.0m | — | — | −HK$23.0m | — | −HK$55.0m | — |
| Free cash flow | — | HK$0 | — | — | HK$11.0m | — | −HK$47.0m | — |
| Total assets | HK$1.62bn | HK$1.88bn | HK$2.09bn | HK$2.11bn | HK$2.24bn | HK$2.56bn | HK$2.96bn | HK$3.04bn |
| Cash and short-term investments | HK$38.5m | HK$64.3m | HK$26.7m | HK$41.0m | HK$21.3m | HK$59.8m | HK$222.4m | HK$317.3m |
| Debt | HK$913.4m | HK$841.2m | HK$882.7m | HK$960.9m | HK$690.0m | HK$725.8m | HK$819.8m | HK$730.9m |
| Shareholders' equity | −HK$255.6m | −HK$236.4m | HK$29.6m | HK$52.1m | HK$82.9m | HK$442.0m | HK$475.6m | HK$561.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.8% | -18.1% | 1.7% |
| Operating income | 29.4% | — | 5.6% |
| Net income | 27.8% | — | 19.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.1% | 9.9% | 11.7% | 14.0% |
| Operating margin | -7.2% | -12.1% | -3.3% | -2.1% |
| Net margin | -22.2% | -29.9% | -15.3% | -10.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -1.8 | -0.4 | -5.5 | 31.6 | 27.0 | 27.1 | 20.0 | 37.7 | -32.7 |
| Price to sales | 0.2 | 0.1 | 0.3 | 0.6 | 0.4 | 0.9 | 1.2 | 1.6 | 4.3 | 8.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jun 2006.
| FY2006 | FY2005 | |
|---|---|---|
| Paid in the year | 0.003 | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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