J 
0.40
+1.28%
Close of 4 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$1.39bn
FY2016FY2025
Net income
−HK$19.3m
FY2016FY2025
Free cash flow
HK$859,000
FY2016FY2025
Shareholders' equity
HK$42.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.39bn | HK$1.28bn | HK$1.31bn | HK$11.01bn | HK$14.08bn | HK$3.00bn | HK$1.85bn | HK$10.03bn | HK$5.92bn |
| Gross profit | HK$19.3m | HK$20.0m | HK$24.4m | HK$428.8m | HK$233.0m | HK$62.9m | HK$19.5m | HK$153.1m | HK$110.5m |
| Research and development | — | — | — | — | — | HK$2.4m | HK$3.1m | HK$1.8m | HK$3.2m |
| Operating income | −HK$10.5m | −HK$9.7m | HK$14.9m | HK$161.5m | HK$359.2m | −HK$542.5m | −HK$346.0m | HK$82.5m | HK$43.9m |
| Net income | −HK$19.3m | −HK$22.6m | −HK$24.3m | HK$94.3m | HK$321.8m | −HK$598.1m | −HK$351.8m | HK$46.9m | HK$24.4m |
| Diluted earnings per share | -0.09 | -0.10 | -0.11 | 0.42 | 0.07 | -3.37 | -0.11 | 0.30 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$365.9m | HK$324.2m | HK$304.7m | HK$1.03bn | HK$1.73bn | HK$1.70bn | HK$664.0m | HK$1.53bn | HK$922.0m |
| Cash and short-term investments | HK$33.1m | HK$25.2m | HK$25.2m | HK$55.7m | HK$116.7m | HK$320.3m | HK$16.5m | HK$20.3m | HK$54.7m |
| Total liabilities | HK$312.3m | HK$257.2m | HK$218.9m | HK$866.6m | HK$1.67bn | HK$2.13bn | HK$601.3m | HK$1.10bn | HK$566.8m |
| Debt | HK$183.1m | HK$164.4m | HK$181.2m | HK$455.3m | HK$458.7m | HK$1.27bn | HK$396.5m | HK$309.0m | HK$278.4m |
| Shareholders' equity | HK$42.4m | HK$59.9m | HK$84.8m | HK$190.6m | HK$63.8m | −HK$427.6m | HK$62.7m | HK$427.6m | HK$355.2m |
| Shares outstanding | 220m | 220m | 223m | 227m | 4,455m | 177m | 3,095m | 155m | 155m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$1.2m | HK$8.0m | −HK$277.9m | −HK$97.1m | HK$305.8m | −HK$662.4m | −HK$92.5m | −HK$50.5m | −HK$34.2m |
| Capital spending | −HK$363,000 | −HK$72,000 | −HK$280,000 | −HK$3.6m | −HK$2.2m | −HK$10.2m | −HK$565,000 | −HK$49.6m | −HK$346,000 |
| Free cash flow | HK$859,000 | HK$8.0m | −HK$278.2m | −HK$100.7m | HK$303.6m | −HK$672.6m | −HK$93.1m | −HK$100.1m | −HK$34.6m |
| Dividends paid | — | — | — | — | — | — | — | −HK$7.7m | −HK$7.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$222.4m | HK$1.12bn | HK$271.5m | HK$1.15bn | HK$128.7m | HK$1.30bn | HK$14.0m | HK$39.2m |
| Gross profit | HK$4.8m | HK$11.1m | HK$8.3m | HK$15.5m | HK$4.4m | HK$11.9m | HK$12.5m | −HK$1.3m |
| Operating income | −HK$2.7m | −HK$538,000 | HK$1.3m | HK$741,000 | −HK$7.0m | −HK$5.6m | −HK$4.1m | −HK$54.2m |
| Net income | −HK$11.9m | −HK$14.5m | −HK$4.8m | −HK$11.0m | −HK$11.6m | HK$18.3m | −HK$42.5m | −HK$46.0m |
| Diluted earnings per share | -0.05 | -0.07 | -0.02 | -0.05 | -0.05 | 0.08 | -0.19 | -0.21 |
| Cash from operations | HK$267.0m | — | HK$245.0m | −HK$262.0m | HK$270.0m | −HK$232.0m | −HK$44.0m | HK$117.0m |
| Total assets | HK$315.3m | HK$365.9m | HK$336.8m | HK$324.2m | HK$288.0m | HK$304.7m | HK$335.8m | HK$520.7m |
| Cash and short-term investments | HK$308.8m | HK$33.1m | HK$291.9m | HK$25.2m | HK$282.9m | HK$25.2m | HK$264.2m | HK$49.2m |
| Debt | HK$194.9m | HK$182.6m | HK$168.1m | HK$164.4m | HK$155.0m | HK$181.2m | HK$175.5m | HK$188.0m |
| Shareholders' equity | HK$34.0m | HK$42.4m | HK$57.3m | HK$59.9m | HK$67.8m | HK$84.8m | HK$71.1m | HK$114.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 109.9% | -37.1% | -11.5% |
| Operating income | -27.8% | — | — |
| Net income | -15.4% | — | 6.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.5% | 2.2% | 2.6% | 2.2% |
| Operating margin | -0.8% | -0.8% | 1.7% | -0.5% |
| Net margin | -1.6% | -2.4% | 1.1% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.5 | -5.0 | -4.2 | -5.3 | 2.2 | 13.6 | -0.3 | -8.5 | 17.5 | 13.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 1.1 | 0.0 | 0.3 | 0.1 | 1.6 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Sept 2017.
| FY2017 | FY2013 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.025 | 0.05 | 0.183 | 0.138 | 0.128 | 0.135 | 0.108 |
- 2-for-1 split · 17 Jan 2018
- 2-for-1 split · 27 Apr 2017
- 2-for-1 split · 8 Jul 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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