B 
0.07
0.00%
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$157.2m
FY2016FY2025
Net income
−HK$100.9m
FY2016FY2025
Free cash flow
−HK$18.0m
FY2016FY2025
Shareholders' equity
HK$1.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$157.2m | HK$149.9m | HK$140.3m | HK$166.5m | HK$203.8m | HK$149.9m | HK$200.8m | HK$178.9m | HK$130.6m | HK$163.9m |
| Operating income | −HK$99.1m | −HK$65.1m | −HK$80.1m | −HK$75.6m | −HK$85.8m | −HK$132.4m | −HK$109.2m | −HK$177.9m | −HK$173.9m | −HK$164.8m |
| Net income | −HK$100.9m | −HK$116.2m | −HK$61.9m | −HK$97.7m | −HK$39.4m | −HK$185.3m | −HK$422.4m | HK$43.5m | HK$213.7m | −HK$68.0m |
| Diluted earnings per share | -0.02 | -0.02 | -0.01 | -0.02 | -0.01 | -0.03 | -0.07 | 0.01 | 0.03 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.10bn | HK$1.95bn | HK$2.18bn | HK$2.42bn | HK$2.84bn | HK$2.81bn | HK$3.06bn | HK$3.75bn | HK$3.89bn | HK$3.30bn |
| Cash and short-term investments | HK$237.4m | HK$211.1m | HK$336.0m | HK$440.8m | HK$496.3m | HK$504.6m | HK$508.3m | HK$988.3m | HK$676.3m | HK$432.9m |
| Total liabilities | HK$343.1m | HK$209.7m | HK$223.8m | HK$271.8m | HK$341.3m | HK$317.6m | HK$489.5m | HK$619.7m | HK$721.0m | HK$597.1m |
| Debt | HK$114.2m | HK$5.7m | HK$4.9m | HK$32.7m | HK$48.4m | HK$41.6m | HK$122.0m | HK$187.1m | HK$243.0m | HK$182.8m |
| Shareholders' equity | HK$1.66bn | HK$1.72bn | HK$1.89bn | HK$2.04bn | HK$2.29bn | HK$2.28bn | HK$2.37bn | HK$2.85bn | HK$2.89bn | HK$2.56bn |
| Shares outstanding | 6,059m | 6,059m | 6,059m | 6,065m | 6,079m | 6,079m | 6,079m | 6,062m | 6,135m | 6,218m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$5.5m | −HK$35.6m | −HK$43.7m | −HK$33.3m | HK$2.0m | HK$26.7m | −HK$103.2m | −HK$352.1m | −HK$84.7m | −HK$93.6m |
| Capital spending | −HK$12.5m | −HK$6.6m | −HK$1.4m | −HK$1.1m | −HK$1.6m | −HK$9.7m | −HK$31.1m | −HK$38.0m | −HK$151.3m | −HK$105.5m |
| Free cash flow | −HK$18.0m | −HK$42.2m | −HK$45.1m | −HK$34.4m | HK$406,000 | HK$17.0m | −HK$134.3m | −HK$390.1m | −HK$236.0m | −HK$199.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$30.3m | HK$80.6m | HK$76.6m | HK$76.6m | HK$73.3m | HK$62.3m | HK$78.0m | HK$74.7m |
| Operating income | −HK$46.8m | −HK$24.0m | −HK$30.0m | −HK$25.4m | −HK$34.4m | −HK$33.7m | −HK$32.2m | −HK$29.2m |
| Net income | −HK$31.8m | −HK$71.7m | −HK$29.2m | −HK$59.8m | −HK$56.4m | −HK$45.9m | −HK$16.0m | −HK$64.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.01 | -0.01 | -0.01 | -0.00 | -0.01 |
| Cash from operations | — | −HK$28.0m | HK$22.0m | HK$6.0m | −HK$32.0m | −HK$20.0m | — | −HK$18.0m |
| Capital spending | — | −HK$7.0m | −HK$4.0m | −HK$4.0m | −HK$2.0m | −HK$1.0m | — | — |
| Free cash flow | — | −HK$35.0m | HK$18.0m | HK$2.0m | −HK$34.0m | −HK$21.0m | — | — |
| Total assets | HK$2.05bn | HK$2.10bn | HK$1.92bn | HK$1.95bn | HK$2.03bn | HK$2.18bn | HK$2.30bn | HK$2.42bn |
| Cash and short-term investments | HK$220.4m | HK$237.4m | HK$258.8m | HK$211.1m | HK$243.5m | HK$336.0m | HK$391.5m | HK$440.8m |
| Debt | HK$35.9m | HK$114.2m | HK$6.2m | HK$5.7m | HK$4.2m | HK$4.9m | HK$2.4m | HK$32.7m |
| Shareholders' equity | HK$1.67bn | HK$1.66bn | HK$1.69bn | HK$1.72bn | HK$1.81bn | HK$1.89bn | HK$1.98bn | HK$2.04bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 1.0% | 15.4% |
| Operating income | 9.5% | -5.6% | -4.0% |
| Net income | 1.1% | -11.4% | -1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -53.5% | -52.1% | -55.6% | -78.2% |
| Net margin | -70.7% | -61.4% | -62.2% | -56.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -4.0 | -6.6 | -4.2 | -14.0 | -4.7 | -2.2 | 32.2 | 11.1 | -38.4 |
| Price to sales | 2.5 | 3.1 | 2.9 | 2.5 | 2.7 | 5.8 | 4.5 | 7.8 | 18.1 | 15.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 2-to-1 reverse split · 5 Mar 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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