E 
55.80
+6.90%
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$209.2m
FY2020FY2026
Net income
−HK$30.6m
FY2020FY2026
Free cash flow
−HK$39.9m
FY2020FY2026
Shareholders' equity
HK$191.5m
FY2020FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | HK$209.2m | HK$314.5m | HK$352.9m | HK$336.5m | HK$240.5m | HK$186.5m | HK$150.0m |
| Gross profit | HK$5.3m | HK$26.1m | HK$63.6m | HK$79.5m | HK$61.9m | HK$54.6m | HK$40.4m |
| Operating income | −HK$29.5m | HK$46,000 | HK$43.0m | HK$54.7m | HK$37.6m | HK$45.8m | HK$32.5m |
| Net income | −HK$30.6m | −HK$476,000 | HK$35.8m | HK$43.8m | HK$28.8m | HK$40.5m | HK$27.5m |
| Diluted earnings per share | -0.07 | -0.00 | 0.09 | 0.11 | 0.07 | 0.10 | 0.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Total assets | HK$249.1m | HK$237.3m | HK$318.9m | HK$282.7m | HK$125.1m | HK$110.6m | HK$78.2m |
| Cash and short-term investments | — | HK$59.4m | HK$158.0m | HK$128.5m | HK$35.1m | — | HK$25.4m |
| Total liabilities | HK$57.6m | HK$15.3m | HK$26.2m | HK$25.8m | HK$26.8m | HK$39.0m | HK$41.9m |
| Debt | HK$26.0m | — | HK$1.4m | — | HK$1.1m | HK$7.8m | HK$1.2m |
| Shareholders' equity | HK$191.5m | HK$222.1m | HK$292.7m | HK$256.9m | HK$98.4m | HK$70.9m | HK$36.3m |
| Shares outstanding | 408m | 408m | 408m | 408m | 408m | 408m | 408m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$28.7m | −HK$27.8m | HK$31.8m | −HK$22.7m | HK$13.2m | HK$14.7m | HK$7.3m |
| Capital spending | −HK$11.2m | −HK$536,000 | −HK$3.3m | −HK$20,000 | −HK$578,000 | −HK$920,000 | −HK$180,000 |
| Free cash flow | −HK$39.9m | −HK$28.3m | HK$28.5m | −HK$22.8m | HK$12.6m | HK$13.7m | HK$7.2m |
| Dividends paid | — | −HK$70.2m | — | — | — | −HK$6.0m | — |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|
| Revenue | HK$138.8m | HK$131.3m | HK$183.2m | HK$176.0m | HK$176.9m | HK$163.7m | HK$172.8m |
| Gross profit | HK$6.8m | HK$12.1m | HK$14.1m | HK$24.9m | HK$38.7m | HK$37.6m | HK$41.9m |
| Operating income | −HK$5.5m | −HK$2.4m | HK$2.5m | HK$13.0m | HK$30.0m | HK$29.1m | HK$36.6m |
| Net income | −HK$5.1m | −HK$2.7m | HK$2.2m | HK$11.2m | HK$24.7m | HK$19.9m | HK$24.0m |
| Diluted earnings per share | -0.01 | -0.01 | 0.01 | 0.03 | 0.06 | 0.09 | 0.06 |
| Cash from operations | −HK$39.0m | −HK$27.0m | −HK$65.0m | HK$31.0m | −HK$13.0m | — | — |
| Capital spending | — | — | — | −HK$3.0m | −HK$1.0m | — | — |
| Free cash flow | — | — | — | HK$28.0m | −HK$14.0m | — | — |
| Total assets | HK$226.4m | HK$237.3m | HK$241.1m | HK$318.9m | HK$300.6m | — | — |
| Cash and short-term investments | HK$20.7m | HK$59.4m | HK$22.5m | HK$158.0m | HK$113.4m | — | — |
| Debt | — | — | HK$692,000 | HK$1.4m | HK$141,000 | — | — |
| Shareholders' equity | HK$217.0m | HK$222.1m | HK$224.8m | HK$292.7m | HK$281.6m | — | — |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 8.3% | 18.0% | 23.6% | 25.7% | — |
| Operating margin | 0.0% | 12.2% | 16.2% | 15.6% | — |
| Net margin | -0.2% | 10.2% | 13.0% | 12.0% | — |
| Return on equity | -0.2% | 12.2% | 17.1% | 29.2% | — |
| Return on assets | -0.2% | 11.2% | 15.5% | 23.0% | — |
| Free cash flow yield | -0.2% | 0.2% | -0.1% | — | — |
| Revenue growth | -10.9% | 4.9% | 39.9% | — | — |
| Earnings growth | -101.3% | -18.3% | 52.4% | — | — |
| Current ratio | 15.04x | 12.49x | 10.74x | 4.60x | 3.46x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.11x |
| Equity ratio | 93.6% | 91.8% | 90.9% | 78.6% | 64.1% |
| Interest coverage | 0.03x | 18.88x | 61.70x | 308.42x | — |
| Buybacks as a share of market value | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.7% | 2.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.0% | 14.4% | 17.7% | — |
| Operating margin | -5.6% | 5.6% | 9.2% | — |
| Net margin | -5.9% | 4.0% | 7.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Price to earnings | -771.7 | -16714.3 | 11.7 | 13.2 |
| Price to sales | 112.7 | 25.3 | 1.2 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 6 Nov 2025.
| FY2026 | FY2025 | |
|---|---|---|
| Paid in the year | 0.05 | 0.172 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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