D 
0.07
—
Close of 9 Nov 2026, in HKD
Search any instrument
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$135.5m
FY2016FY2025
Net income
−HK$73.7m
FY2016FY2025
Free cash flow
HK$22.0m
FY2016FY2025
Shareholders' equity
HK$1.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$135.5m | HK$128.1m | HK$97.6m | HK$110.0m | HK$103.8m | HK$351.6m | HK$259.4m | HK$190.8m | HK$199.7m | HK$91.5m |
| Operating income | −HK$36.5m | −HK$49.5m | −HK$17.2m | −HK$59.7m | −HK$35.9m | HK$13.2m | HK$39.0m | −HK$5.3m | HK$26.5m | −HK$22.9m |
| Net income | −HK$73.7m | −HK$75.7m | −HK$91.0m | −HK$27.3m | −HK$36.7m | −HK$35.3m | HK$27.5m | HK$47.8m | HK$144.9m | HK$141.0m |
| Diluted earnings per share | -0.05 | -0.05 | -0.06 | -0.02 | -0.04 | -0.03 | 0.03 | 0.05 | 0.14 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.74bn | HK$1.98bn | HK$2.26bn | HK$2.47bn | HK$2.39bn | HK$2.23bn | HK$2.59bn | HK$2.80bn | HK$2.78bn | HK$3.30bn |
| Cash and short-term investments | HK$36.1m | HK$42.3m | HK$24.4m | HK$43.9m | HK$20.4m | HK$20.1m | HK$29.5m | HK$72.8m | HK$71.4m | HK$65.8m |
| Total liabilities | HK$486.6m | HK$625.7m | HK$785.1m | HK$792.1m | HK$801.6m | HK$706.5m | HK$940.7m | HK$1.15bn | HK$1.33bn | HK$1.94bn |
| Debt | HK$249.2m | HK$367.1m | HK$477.5m | HK$460.7m | HK$485.5m | HK$423.0m | HK$419.3m | HK$612.0m | HK$790.4m | HK$1.21bn |
| Shareholders' equity | HK$1.26bn | HK$1.35bn | HK$1.48bn | HK$1.68bn | HK$1.59bn | HK$1.52bn | HK$1.65bn | HK$1.65bn | HK$1.46bn | HK$1.36bn |
| Shares outstanding | 1,467m | 1,467m | 1,467m | 1,127m | 1,014m | 1,014m | 1,014m | 1,014m | 1,014m | 827m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$37.3m | −HK$32.4m | −HK$55.7m | −HK$21.5m | −HK$26.7m | −HK$77.8m | HK$85.5m | HK$82.4m | −HK$55.4m | −HK$11.5m |
| Capital spending | −HK$15.4m | −HK$339,000 | −HK$356,000 | −HK$11.1m | −HK$11.7m | −HK$1.4m | −HK$44,000 | −HK$799,000 | −HK$4.3m | −HK$970,000 |
| Free cash flow | HK$22.0m | −HK$32.8m | −HK$56.0m | −HK$32.7m | −HK$38.3m | −HK$79.2m | HK$85.5m | HK$81.6m | −HK$59.8m | −HK$12.5m |
| Dividends paid | — | — | — | — | — | −HK$9.8m | −HK$4.9m | −HK$4.9m | — | −HK$8.5m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$53.7m | HK$43.5m | HK$92.0m | HK$94.2m | HK$33.9m | HK$37.2m | HK$18.6m | HK$60.4m |
| Operating income | −HK$1.1m | −HK$33.5m | −HK$3.1m | −HK$36.4m | −HK$13.0m | −HK$17.5m | −HK$25.8m | HK$304,000 |
| Net income | −HK$5.6m | −HK$59.1m | −HK$14.6m | −HK$58.9m | −HK$16.8m | −HK$21.6m | −HK$12.0m | −HK$69.3m |
| Diluted earnings per share | -0.00 | -0.04 | -0.01 | -0.04 | -0.01 | -0.01 | -0.01 | -0.05 |
| Cash from operations | HK$1.0m | −HK$41.0m | HK$79.0m | −HK$31.0m | −HK$1.0m | −HK$31.0m | — | −HK$24.0m |
| Capital spending | −HK$31.0m | — | −HK$15.0m | — | — | — | — | — |
| Free cash flow | −HK$30.0m | — | HK$64.0m | — | — | — | — | — |
| Total assets | HK$1.79bn | HK$1.74bn | HK$1.99bn | HK$1.98bn | HK$2.04bn | HK$2.26bn | HK$2.26bn | HK$2.17bn |
| Cash and short-term investments | HK$17.0m | HK$36.1m | HK$33.3m | HK$42.3m | HK$42.2m | HK$24.4m | HK$25.4m | HK$24.7m |
| Debt | HK$68.7m | HK$116.0m | HK$130.9m | HK$84.5m | HK$110.7m | HK$254.9m | HK$278.2m | HK$263.5m |
| Shareholders' equity | HK$1.27bn | HK$1.26bn | HK$1.37bn | HK$1.35bn | HK$1.41bn | HK$1.48bn | HK$1.47bn | HK$1.46bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.2% | -17.4% | -16.8% |
| Operating income | -15.1% | — | — |
| Net income | 39.3% | 15.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -32.6% | -34.6% | -20.0% | -5.3% |
| Net margin | -56.7% | -56.8% | -36.7% | 4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.0 | -1.1 | -0.8 | -2.5 | -2.9 | -2.7 | 6.7 | 4.5 | 1.8 | 1.9 |
| Price to sales | 1.1 | 0.6 | 0.8 | 0.6 | 1.0 | 0.3 | 0.7 | 1.1 | 1.3 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Aug 2019.
| FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.005 | 0.005 | 0.009 | 0.02 | 0.019 | 0.017 | 0.036 |
- 10-to-1 reverse split · 1 Sept 2005
- 1-to-1 reverse split · 6 Nov 2003
- 10-for-1 split · 20 Mar 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.