0.60
0.00%
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$54.3m
FY2016FY2025
Net income
−HK$3.9m
FY2016FY2025
Free cash flow
−HK$4.8m
FY2016FY2025
Shareholders' equity
HK$37.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$54.3m | HK$53.0m | HK$48.8m | HK$47.2m | HK$69.1m | HK$65.5m | HK$78.7m | HK$82.1m | HK$54.3m | HK$47.0m |
| Gross profit | HK$28.6m | HK$31.7m | HK$28.8m | HK$26.1m | HK$37.6m | HK$36.7m | HK$47.5m | HK$54.1m | HK$44.5m | HK$38.1m |
| Operating income | −HK$1.7m | −HK$3.2m | −HK$6.4m | −HK$9.6m | −HK$68.9m | −HK$51.6m | −HK$73.2m | −HK$80.5m | −HK$41.6m | −HK$19.9m |
| Net income | −HK$3.9m | −HK$807,000 | −HK$10.6m | −HK$13.2m | −HK$69.2m | −HK$59.3m | −HK$152.0m | −HK$79.5m | −HK$323.0m | −HK$134.5m |
| Diluted earnings per share | -0.01 | -0.00 | -0.02 | -0.02 | -0.10 | -0.09 | -0.50 | -0.06 | -3.28 | -1.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$99.6m | HK$113.4m | HK$136.2m | HK$168.6m | HK$214.8m | HK$284.0m | HK$305.4m | HK$329.1m | HK$199.8m | HK$457.7m |
| Cash and short-term investments | HK$60.9m | HK$63.5m | HK$66.8m | HK$81.7m | HK$110.7m | HK$139.8m | HK$135.0m | HK$67.9m | HK$26.5m | HK$24.5m |
| Total liabilities | HK$52.5m | HK$67.8m | HK$92.6m | HK$114.1m | HK$145.5m | HK$142.7m | HK$206.7m | HK$230.8m | HK$279.8m | HK$236.5m |
| Debt | HK$21.6m | HK$38.1m | HK$50.8m | HK$72.5m | HK$97.9m | HK$87.1m | HK$129.2m | HK$115.9m | HK$192.3m | HK$138.0m |
| Shareholders' equity | HK$37.3m | HK$39.6m | HK$41.2m | HK$52.2m | HK$66.3m | HK$135.2m | HK$90.9m | HK$86.2m | −HK$86.7m | HK$215.8m |
| Shares outstanding | 660m | 650m | 660m | 660m | 660m | 660m | 304m | 1,386m | 99m | 99m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$2.3m | HK$4.4m | HK$22.6m | −HK$12.8m | −HK$1.6m | −HK$18.0m | −HK$17.3m | −HK$50.2m | HK$51.6m | −HK$56.9m |
| Capital spending | −HK$2.5m | −HK$2.1m | −HK$23.9m | −HK$357,000 | −HK$3.7m | −HK$1.0m | −HK$4.7m | −HK$18.2m | −HK$13.6m | −HK$9.2m |
| Free cash flow | −HK$4.8m | HK$2.3m | −HK$1.3m | −HK$13.2m | −HK$5.3m | −HK$19.0m | −HK$22.0m | −HK$68.3m | HK$38.0m | −HK$66.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$25.1m | HK$26.1m | HK$28.2m | HK$27.1m | HK$25.9m | HK$23.7m | HK$11.9m | HK$25.1m |
| Gross profit | HK$14.1m | HK$9.3m | HK$19.3m | HK$17.7m | HK$14.0m | HK$14.1m | HK$8.3m | HK$5.1m |
| Operating income | −HK$22,000 | −HK$4.1m | HK$2.4m | HK$1.2m | −HK$4.4m | HK$5.0m | HK$2.3m | −HK$11.0m |
| Net income | −HK$831,000 | −HK$340,000 | −HK$3.5m | HK$715,000 | −HK$1.5m | −HK$6.1m | −HK$3.0m | −HK$4.6m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | 0.00 | -0.00 | -0.01 | -0.00 | -0.01 |
| Cash from operations | — | −HK$2.0m | HK$2.0m | HK$1.0m | HK$3.0m | HK$26.0m | HK$13.0m | −HK$4.0m |
| Capital spending | — | −HK$2.0m | — | −HK$2.0m | — | −HK$23.0m | −HK$11.0m | — |
| Free cash flow | — | −HK$4.0m | — | −HK$1.0m | — | HK$3.0m | HK$2.0m | — |
| Total assets | HK$94.5m | HK$99.6m | HK$107.4m | HK$113.4m | HK$133.6m | HK$136.2m | HK$136.2m | HK$141.6m |
| Cash and short-term investments | HK$57.3m | HK$60.9m | HK$62.6m | HK$63.5m | HK$65.4m | HK$66.8m | HK$66.8m | HK$72.3m |
| Debt | HK$11.5m | HK$15.6m | HK$28.7m | HK$38.1m | HK$56.3m | HK$50.8m | HK$13.0m | HK$54.3m |
| Shareholders' equity | HK$35.4m | HK$37.3m | HK$37.0m | HK$39.6m | HK$39.3m | HK$41.2m | HK$41.2m | HK$47.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | -3.7% | 1.8% |
| Operating income | -43.7% | -49.4% | -36.0% |
| Net income | -33.6% | -42.1% | -32.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 56.1% | 56.7% | 56.1% | 62.1% |
| Operating margin | -4.6% | -10.3% | -41.8% | -78.1% |
| Net margin | -4.4% | -14.0% | -46.4% | -162.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -93.9 | -326.2 | -19.9 | -17.2 | -3.5 | -3.9 | -1.8 | -16.2 | -1.0 | -3.5 |
| Price to sales | 6.7 | 5.0 | 4.3 | 4.8 | 3.5 | 3.5 | 3.6 | 15.7 | 5.9 | 10.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 May 2007.
| FY2007 | |
|---|---|
| Paid in the year | 8.00 |
- 5-to-1 reverse split · 22 Jan 2021
- 4-to-1 reverse split · 4 Mar 2019
- 20-to-3 reverse split · 1 Nov 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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