Q 
0.41
—
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$301.5m
FY2016FY2025
Net income
−HK$1.1m
FY2016FY2025
Free cash flow
HK$10.2m
FY2016FY2025
Shareholders' equity
—
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$301.5m | HK$262.7m | HK$312.9m | HK$488.0m | HK$368.3m | HK$274.6m | HK$282.7m | HK$315.9m | HK$280.7m | HK$287.0m |
| Gross profit | HK$179.5m | HK$156.8m | HK$161.5m | HK$231.4m | HK$206.9m | HK$151.3m | HK$148.5m | HK$161.7m | HK$149.1m | HK$154.2m |
| Operating income | −HK$627,000 | −HK$45.7m | −HK$13.2m | −HK$8.3m | −HK$11.1m | −HK$32.7m | −HK$31.4m | −HK$36.3m | −HK$6.0m | −HK$31.3m |
| Net income | −HK$1.1m | −HK$61.4m | −HK$34.3m | HK$10.1m | −HK$12.2m | −HK$68.1m | −HK$45.4m | −HK$211.4m | −HK$55.1m | −HK$11.0m |
| Diluted earnings per share | -0.00 | -0.21 | -0.13 | 0.04 | -0.06 | -0.36 | -0.24 | -1.12 | -0.29 | -0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | HK$461.3m | HK$529.8m | HK$629.6m | HK$611.2m | HK$520.5m | HK$534.5m | HK$575.5m | HK$785.3m | HK$851.5m |
| Cash and short-term investments | — | HK$121.1m | HK$150.9m | HK$177.2m | HK$248.7m | HK$197.8m | HK$175.2m | HK$200.3m | HK$570.7m | HK$725.9m |
| Total liabilities | — | HK$136.8m | HK$142.3m | HK$219.1m | HK$219.3m | HK$120.2m | HK$66.7m | HK$72.4m | HK$91.7m | HK$102.7m |
| Debt | — | HK$52.3m | HK$58.8m | HK$113.6m | HK$127.0m | HK$59.7m | HK$13.1m | HK$5.2m | HK$34.7m | HK$38.6m |
| Shareholders' equity | — | HK$324.5m | HK$387.4m | HK$410.5m | HK$391.9m | HK$400.3m | HK$467.8m | HK$503.1m | HK$693.6m | HK$748.8m |
| Shares outstanding | 289m | 289m | 258m | 252m | 188m | 188m | 188m | 188m | 188m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$14.2m | HK$2.9m | HK$34.8m | −HK$51.4m | −HK$8.2m | HK$42.5m | −HK$24.3m | −HK$69.0m | −HK$391.0m | −HK$280.7m |
| Capital spending | −HK$4.0m | −HK$4.3m | −HK$8.7m | −HK$16.8m | −HK$7.9m | −HK$3.4m | −HK$10.8m | −HK$141.5m | −HK$11.7m | −HK$10.7m |
| Free cash flow | HK$10.2m | −HK$1.3m | HK$26.0m | −HK$68.2m | −HK$16.1m | HK$39.1m | −HK$35.1m | −HK$210.5m | −HK$402.7m | −HK$291.4m |
Latest quarters
By quarter end
| Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | Apr 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$161.0m | HK$147.0m | HK$154.4m | HK$130.1m | HK$132.6m | HK$146.4m | HK$166.6m | HK$252.0m |
| Gross profit | HK$100.1m | HK$86.0m | HK$93.4m | HK$83.3m | HK$73.4m | HK$80.6m | HK$80.9m | HK$125.2m |
| Operating income | HK$16.2m | −HK$1.4m | HK$778,000 | −HK$33.4m | −HK$12.4m | −HK$10.9m | −HK$2.3m | −HK$2.3m |
| Net income | HK$77.9m | −HK$12.3m | HK$11.3m | −HK$41.1m | −HK$20.3m | −HK$67.7m | HK$33.4m | −HK$14.7m |
| Diluted earnings per share | 0.25 | -0.04 | 0.04 | -0.14 | -0.07 | -0.24 | 0.15 | -0.07 |
| Cash from operations | −HK$8.0m | HK$22.0m | −HK$8.0m | HK$1.0m | HK$1.0m | HK$15.0m | HK$19.0m | −HK$46.0m |
| Total assets | — | — | HK$480.6m | HK$461.3m | HK$493.0m | HK$529.8m | HK$614.1m | HK$629.6m |
| Cash and short-term investments | — | — | HK$120.0m | HK$121.1m | HK$138.1m | HK$150.9m | HK$206.9m | HK$177.2m |
| Debt | — | — | HK$50.2m | HK$51.5m | HK$50.4m | HK$52.9m | HK$76.6m | HK$100.1m |
| Shareholders' equity | — | — | HK$336.0m | HK$324.5m | HK$367.2m | HK$387.4m | HK$449.6m | HK$410.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.8% | 1.9% | 1.4% |
| Operating income | -57.8% | -54.7% | -29.2% |
| Net income | — | -56.5% | -31.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.6% | 53.4% | 54.1% | 53.6% |
| Operating margin | -8.2% | -5.0% | -5.6% | -6.9% |
| Net margin | -11.1% | -6.3% | -8.3% | -15.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -101.9 | -0.8 | -1.4 | 7.7 | -5.2 | -0.6 | -1.8 | -0.6 | -4.3 | -6.7 |
| Price to sales | 0.4 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.3 | 0.4 | 0.8 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Feb 1998.
| FY1998 | |
|---|---|
| Paid in the year | 4.32 |
- 12-to-1 reverse split · 5 May 2020
- 4-to-1 reverse split · 29 Feb 2016
- 4-to-1 reverse split · 21 Apr 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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