N 
0.15
+0.69%
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$103.8m
FY2015FY2025
Net income
−HK$60.1m
FY2015FY2025
Free cash flow
−HK$41.7m
FY2015FY2025
Shareholders' equity
HK$85.6m
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$103.8m | HK$84.7m | HK$116.3m | HK$142.8m | HK$134.5m | HK$97.8m | HK$54.7m | HK$58.6m | HK$51.7m | HK$77.8m |
| Operating income | −HK$1.1m | HK$1.2m | −HK$77.6m | HK$82.1m | HK$18.8m | HK$10.2m | HK$35.1m | −HK$87.9m | −HK$91.3m | −HK$138.2m |
| Net income | −HK$60.1m | −HK$8.6m | HK$201.8m | HK$54.8m | HK$36.7m | HK$61.6m | −HK$14.7m | −HK$131.0m | −HK$1.44bn | −HK$132.7m |
| Diluted earnings per share | -1.37 | -0.02 | 0.66 | 0.85 | 0.30 | 0.51 | -0.12 | -1.10 | -12.45 | -1.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$564.6m | HK$472.1m | HK$345.1m | HK$314.5m | HK$327.4m | HK$381.9m | HK$365.3m | HK$361.8m | HK$468.6m | HK$1.88bn |
| Cash and short-term investments | HK$113.3m | HK$45.8m | HK$135.6m | HK$2.1m | HK$4.6m | HK$3.3m | HK$1.1m | HK$6.6m | HK$49.8m | HK$185.8m |
| Total liabilities | HK$479.0m | HK$328.8m | HK$276.6m | HK$761.7m | HK$826.5m | HK$917.6m | HK$964.7m | HK$958.2m | HK$930.2m | HK$1.03bn |
| Debt | HK$348.1m | HK$216.0m | HK$185.0m | HK$587.9m | HK$676.1m | HK$691.9m | HK$665.6m | HK$647.1m | HK$693.7m | HK$572.9m |
| Shareholders' equity | HK$85.6m | HK$143.2m | HK$68.6m | −HK$447.1m | −HK$499.2m | −HK$535.6m | −HK$599.4m | −HK$596.4m | −HK$461.6m | HK$849.0m |
| Shares outstanding | 44m | 408m | 304m | 64m | 119m | 119m | 119m | 119m | 115m | 89m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$8.0m | −HK$111.7m | −HK$34.6m | HK$13.1m | HK$22.9m | HK$31.0m | HK$334,000 | HK$71.5m | HK$74.1m | −HK$218.9m |
| Capital spending | −HK$33.7m | −HK$34.6m | −HK$88.9m | −HK$855,000 | — | −HK$12.6m | −HK$248,000 | −HK$78.8m | −HK$1.9m | −HK$15.6m |
| Free cash flow | −HK$41.7m | −HK$146.2m | −HK$123.5m | HK$12.2m | HK$22.9m | HK$18.4m | HK$86,000 | −HK$7.3m | HK$72.2m | −HK$234.5m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$34.3m | HK$47.8m | HK$56.0m | HK$50.7m | HK$34.1m | HK$39.2m | HK$35.4m | HK$41.7m |
| Operating income | −HK$21.0m | HK$3.2m | −HK$4.3m | HK$23.0m | −HK$21.8m | −HK$22.0m | −HK$26.7m | −HK$29.0m |
| Net income | −HK$23.5m | −HK$40.8m | −HK$19.2m | HK$14.2m | −HK$22.8m | −HK$98.5m | −HK$25.9m | HK$326.2m |
| Diluted earnings per share | -0.04 | -1.33 | -0.04 | 0.03 | -0.06 | -0.26 | -0.07 | 0.15 |
| Cash from operations | −HK$94.0m | −HK$117.0m | HK$109.0m | −HK$106.0m | −HK$5.0m | HK$43.0m | −HK$6.0m | −HK$72.0m |
| Capital spending | — | −HK$20.0m | −HK$13.0m | HK$3.0m | −HK$38.0m | −HK$88.0m | — | — |
| Free cash flow | — | −HK$137.0m | HK$96.0m | −HK$103.0m | −HK$43.0m | −HK$45.0m | — | — |
| Total assets | HK$529.6m | HK$564.6m | HK$556.3m | HK$472.1m | HK$533.4m | HK$345.1m | HK$476.3m | HK$459.3m |
| Cash and short-term investments | HK$180.1m | HK$113.3m | HK$152.9m | HK$45.8m | HK$297.0m | HK$135.6m | HK$174.3m | HK$126.0m |
| Debt | HK$103.1m | HK$196.1m | HK$81.0m | HK$69.2m | HK$18.4m | HK$39.1m | HK$46.8m | HK$48.7m |
| Shareholders' equity | HK$119.0m | HK$85.6m | HK$122.6m | HK$143.2m | HK$125.8m | HK$68.6m | HK$171.8m | HK$130.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.1% | 1.2% | -11.8% |
| Operating income | — | — | -30.7% |
| Net income | — | — | -1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.1% | 1.0% | 5.0% | -22.5% |
| Net margin | -36.4% | 42.0% | 42.1% | -116.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -12.8 | 1.4 | 1.6 | 4.3 | 2.5 | -10.7 | -1.2 | -0.1 | -1.5 |
| Price to sales | 0.3 | 1.3 | 2.4 | 0.6 | 1.2 | 1.6 | 2.9 | 2.7 | 3.0 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Feb 1998.
- 10-to-1 reverse split · 15 Aug 2025
- 10-to-1 reverse split · 25 Jan 2022
- 5-to-1 reverse split · 13 Nov 2013
- 20-to-1 reverse split · 5 Oct 2007
- 5-for-1 split · 19 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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