S 
1.92
—
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$177.5m
FY2016FY2025
Net income
−HK$265.5m
FY2016FY2025
Free cash flow
HK$3.9m
FY2016FY2025
Shareholders' equity
HK$3.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$177.5m | HK$177.2m | HK$147.4m | HK$122.8m | HK$109.8m | HK$137.6m | HK$142.3m | HK$123.5m | HK$122.4m | HK$154.0m |
| Operating income | HK$107.0m | HK$101.1m | HK$77.0m | HK$52.3m | HK$48.1m | HK$74.9m | HK$87.2m | HK$75.5m | HK$68.0m | HK$97.2m |
| Net income | −HK$265.5m | −HK$122.6m | −HK$188.3m | −HK$84.5m | −HK$147.6m | −HK$292.5m | HK$279.0m | HK$471.2m | HK$269.6m | HK$845.7m |
| Diluted earnings per share | -0.66 | -0.30 | -0.46 | -0.21 | -0.36 | -0.72 | 0.69 | 1.16 | 0.67 | 2.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.75bn | HK$4.05bn | HK$4.06bn | HK$4.18bn | HK$4.47bn | HK$4.66bn | HK$5.02bn | HK$4.70bn | HK$4.33bn | HK$4.65bn |
| Cash and short-term investments | HK$1.14bn | HK$1.04bn | HK$961.3m | HK$947.3m | HK$1.09bn | HK$1.04bn | HK$1.15bn | HK$1.16bn | HK$1.11bn | HK$1.84bn |
| Total liabilities | HK$163.5m | HK$166.2m | HK$155.5m | HK$147.8m | HK$143.6m | HK$138.8m | HK$135.0m | HK$126.3m | HK$133.8m | HK$122.1m |
| Debt | — | — | — | — | — | — | — | — | HK$23.2m | — |
| Shareholders' equity | HK$3.58bn | HK$3.88bn | HK$3.90bn | HK$4.03bn | HK$4.32bn | HK$4.52bn | HK$4.89bn | HK$4.57bn | HK$4.20bn | HK$4.53bn |
| Shares outstanding | 405m | 405m | 405m | 405m | 405m | 405m | 405m | 405m | 405m | 405m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$9.6m | HK$77.3m | HK$255.6m | HK$215.5m | −HK$128.9m | HK$101.9m | HK$174.7m | −HK$13.7m | −HK$33.7m | −HK$62.4m |
| Capital spending | −HK$5.7m | −HK$15.0m | −HK$10.9m | −HK$9.4m | −HK$19.6m | −HK$17.6m | −HK$5.3m | −HK$8.4m | −HK$17.9m | −HK$446,000 |
| Free cash flow | HK$3.9m | HK$62.3m | HK$244.7m | HK$206.1m | −HK$148.5m | HK$84.3m | HK$169.4m | −HK$22.2m | −HK$51.6m | −HK$62.8m |
| Dividends paid | −HK$30.6m | −HK$22.2m | −HK$32.2m | −HK$210.0m | −HK$48.5m | −HK$145.5m | −HK$75.5m | −HK$179.7m | −HK$580.5m | −HK$117.5m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$84.1m | HK$84.1m | HK$93.4m | HK$88.3m | HK$88.9m | HK$79.1m | HK$68.2m | HK$62.8m |
| Operating income | HK$50.4m | HK$47.6m | HK$59.4m | HK$48.1m | HK$53.1m | HK$43.0m | HK$34.0m | HK$26.4m |
| Net income | −HK$17.6m | −HK$265.7m | HK$184,000 | −HK$70.9m | −HK$51.7m | −HK$53.5m | −HK$134.7m | −HK$9.1m |
| Diluted earnings per share | -0.04 | -0.66 | 0.00 | -0.18 | -0.13 | -0.13 | -0.33 | -0.02 |
| Total assets | HK$3.73bn | HK$3.75bn | HK$4.03bn | HK$4.05bn | HK$4.13bn | HK$4.06bn | HK$4.02bn | HK$4.18bn |
| Cash and short-term investments | HK$1.25bn | HK$1.14bn | HK$1.09bn | HK$1.04bn | HK$999.4m | HK$961.3m | HK$925.1m | HK$947.3m |
| Shareholders' equity | HK$3.55bn | HK$3.58bn | HK$3.86bn | HK$3.88bn | HK$3.96bn | HK$3.90bn | HK$3.87bn | HK$4.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.0% | 5.2% | 1.3% |
| Operating income | 26.9% | 7.4% | -0.0% |
| Net income | 46.4% | -1.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 58.7% | 54.0% | 52.8% | 57.0% |
| Net margin | -109.4% | -105.8% | -126.2% | 86.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -6.3 | -4.3 | -11.7 | -8.9 | -4.4 | 5.3 | 3.5 | 7.6 | 2.3 |
| Price to sales | 4.6 | 4.3 | 5.4 | 8.1 | 12.0 | 9.3 | 10.4 | 13.4 | 16.7 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 15 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.075 | 0.055 | 0.08 | 0.09 | 0.12 | 0.067 | 0.187 |
- 3-for-1 split · 18 Aug 2020
- 6-for-5 split · 14 Sept 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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