S 
0.33
+4.84%
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$131.3m
FY2015FY2024
Net income
−HK$40.1m
FY2015FY2024
Free cash flow
−HK$55.6m
FY2015FY2024
Shareholders' equity
HK$46.6m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$131.3m | HK$146.1m | HK$146.5m | HK$140.1m | HK$177.5m | HK$263.3m | HK$311.9m | HK$355.9m | HK$375.3m | HK$384.3m |
| Gross profit | HK$69.2m | HK$83.9m | HK$81.9m | HK$74.2m | HK$85.7m | HK$132.8m | HK$169.8m | HK$201.9m | HK$215.2m | HK$232.2m |
| Operating income | −HK$46.7m | −HK$33.2m | −HK$56.1m | −HK$55.3m | −HK$115.5m | −HK$118.0m | −HK$122.4m | −HK$109.3m | −HK$83.3m | −HK$129.8m |
| Net income | −HK$40.1m | −HK$50.5m | −HK$60.8m | −HK$75.9m | −HK$145.0m | −HK$147.4m | −HK$132.1m | −HK$90.5m | −HK$92.6m | −HK$181.8m |
| Diluted earnings per share | -0.03 | -0.04 | -0.05 | -0.06 | -0.14 | -0.17 | -0.20 | -0.22 | -0.27 | -0.54 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$343.9m | HK$592.6m | HK$682.7m | HK$713.5m | HK$571.9m | — | HK$399.2m | HK$459.6m | HK$510.9m | — |
| Cash and short-term investments | HK$11.8m | HK$96.4m | HK$101.8m | HK$59.8m | HK$98.6m | — | HK$144.3m | HK$189.5m | HK$185.6m | — |
| Total liabilities | HK$297.4m | HK$511.5m | HK$555.0m | HK$524.6m | HK$574.9m | — | HK$370.6m | HK$291.3m | HK$361.1m | — |
| Debt | HK$180.3m | HK$382.0m | HK$443.6m | HK$400.7m | HK$430.1m | — | HK$193.2m | HK$97.3m | HK$145.3m | — |
| Shareholders' equity | HK$46.6m | HK$81.1m | HK$127.7m | HK$188.8m | −HK$3.0m | — | HK$28.5m | HK$168.3m | HK$149.7m | — |
| Shares outstanding | 1,314m | 1,314m | 1,314m | 1,247m | 1,054m | 892m | 658m | 403m | 338m | 338m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$54.4m | −HK$14.9m | −HK$42.2m | −HK$53.7m | −HK$9.7m | — | −HK$90.3m | −HK$75.4m | −HK$82.6m | — |
| Capital spending | −HK$1.2m | −HK$849,000 | −HK$1.4m | −HK$81,000 | −HK$30,000 | — | −HK$6.4m | −HK$1.5m | −HK$2.2m | — |
| Free cash flow | −HK$55.6m | −HK$15.7m | −HK$43.6m | −HK$53.8m | −HK$9.8m | — | −HK$96.7m | −HK$76.9m | −HK$84.8m | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$64.3m | HK$66.2m | HK$65.0m | HK$71.8m | HK$74.4m | HK$77.4m | HK$69.1m | HK$59.9m |
| Gross profit | HK$30.4m | HK$33.3m | HK$35.9m | HK$40.0m | HK$43.9m | HK$43.8m | HK$38.2m | HK$33.5m |
| Operating income | −HK$27.7m | −HK$24.8m | −HK$21.9m | −HK$17.7m | −HK$15.6m | −HK$19.7m | −HK$36.4m | −HK$14.0m |
| Net income | −HK$26.7m | −HK$12.9m | −HK$27.3m | −HK$33.0m | −HK$17.5m | −HK$22.7m | −HK$38.1m | −HK$15.3m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.03 | -0.01 | -0.02 | -0.03 | -0.01 |
| Total assets | HK$350.2m | HK$343.9m | HK$523.8m | HK$592.6m | HK$534.8m | HK$682.7m | HK$745.0m | HK$713.5m |
| Cash and short-term investments | HK$9.1m | HK$11.8m | HK$14.0m | HK$96.4m | HK$27.9m | HK$101.8m | HK$111.2m | HK$59.8m |
| Debt | HK$197.6m | HK$173.0m | HK$298.2m | HK$368.4m | HK$291.8m | HK$412.6m | HK$443.6m | HK$343.6m |
| Shareholders' equity | HK$20.7m | HK$46.6m | HK$55.7m | HK$81.1m | HK$111.9m | HK$127.7m | HK$154.4m | HK$188.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.1% | -13.0% | -9.9% |
| Operating income | -5.5% | -16.9% | -11.4% |
| Net income | -19.1% | -22.9% | -10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.2% | 54.8% | 52.5% | 56.1% |
| Operating margin | -28.8% | -33.9% | -42.3% | -36.7% |
| Net margin | -32.7% | -40.3% | -51.7% | -40.6% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.2 | -6.3 | -6.1 | -8.1 | -2.6 | -1.3 | -0.8 | -1.5 | -1.4 | -0.8 |
| Price to sales | 2.2 | 2.2 | 2.5 | 4.4 | 2.1 | 0.7 | 0.3 | 0.4 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Aug 2013.
| FY2014 | FY2011 | FY2008 | FY1999 | |
|---|---|---|---|---|
| Paid in the year | 0.014 | 0.007 | 0.011 | 0.037 |
- 2-for-1 split · 22 Jul 1993
- 6-for-5 split · 24 Jul 1990
- 20-for-1 split · 20 Apr 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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