M 
0.51
+4.12%
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$2.86bn
FY2016FY2025
Net income
−HK$1.38bn
FY2016FY2025
Free cash flow
HK$200.2m
FY2016FY2025
Shareholders' equity
−HK$4.08bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.86bn | HK$3.17bn | HK$2.91bn | HK$1.56bn | HK$858.4m | HK$1.12bn | HK$776.7m | HK$637.4m | HK$321.9m | HK$156.7m |
| Gross profit | HK$851.2m | HK$1.19bn | HK$1.09bn | HK$614.8m | HK$308.8m | HK$479.2m | HK$335.8m | HK$315.2m | HK$123.4m | HK$17.0m |
| Operating income | HK$451.5m | HK$862.8m | HK$860.5m | HK$457.8m | HK$226.9m | HK$317.1m | HK$203.9m | HK$171.8m | HK$37.2m | −HK$124.8m |
| Net income | −HK$1.38bn | HK$1.68bn | −HK$1.60bn | −HK$349.1m | HK$1.80bn | HK$1.44bn | −HK$44.4m | −HK$159.9m | −HK$204.8m | −HK$553.5m |
| Diluted earnings per share | -7.32 | 8.92 | -8.52 | -1.86 | 0.58 | 0.33 | -0.24 | -0.85 | -1.13 | -3.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.08bn | HK$4.22bn | HK$2.80bn | HK$3.62bn | HK$3.54bn | HK$2.14bn | HK$1.52bn | HK$1.02bn | HK$712.4m | HK$499.7m |
| Cash and short-term investments | HK$134.8m | HK$128.7m | HK$111.9m | HK$114.7m | HK$108.3m | HK$113.4m | HK$150.0m | HK$198.5m | HK$170.9m | HK$137.0m |
| Total liabilities | HK$7.15bn | HK$6.90bn | HK$7.14bn | HK$6.33bn | HK$5.93bn | HK$4.50bn | HK$5.63bn | HK$5.07bn | HK$4.64bn | HK$4.25bn |
| Debt | HK$5.44bn | HK$5.26bn | HK$5.97bn | HK$5.67bn | HK$5.49bn | HK$4.14bn | HK$5.36bn | HK$4.79bn | HK$4.38bn | HK$3.97bn |
| Shareholders' equity | −HK$4.08bn | −HK$2.69bn | −HK$4.34bn | −HK$2.71bn | −HK$2.39bn | −HK$2.35bn | −HK$4.11bn | −HK$4.05bn | −HK$3.93bn | −HK$3.75bn |
| Shares outstanding | 188m | 188m | 188m | 188m | 3,059m | 4,264m | 188m | 188m | 182m | 174m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$320.7m | HK$562.9m | HK$827.5m | HK$297.2m | HK$98.5m | HK$327.6m | HK$113.0m | HK$115.9m | −HK$142.6m | −HK$49.8m |
| Capital spending | −HK$120.5m | −HK$119.4m | −HK$226.2m | −HK$109.4m | −HK$58.9m | −HK$86.9m | −HK$26.2m | −HK$61.5m | −HK$10.1m | −HK$32.7m |
| Free cash flow | HK$200.2m | HK$443.4m | HK$601.3m | HK$187.8m | HK$39.7m | HK$240.7m | HK$86.7m | HK$54.4m | −HK$152.7m | −HK$82.5m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$871.1m | HK$1.16bn | HK$1.70bn | HK$1.62bn | HK$1.56bn | HK$778.6m | HK$1.04bn | HK$519.5m |
| Gross profit | HK$84.4m | HK$210.5m | HK$640.7m | HK$608.2m | HK$578.7m | HK$289.4m | HK$292.8m | HK$146.4m |
| Operating income | −HK$49.8m | −HK$48.9m | HK$498.1m | HK$454.0m | HK$415.3m | HK$35.3m | HK$150.1m | −HK$578.3m |
| Net income | −HK$740.2m | −HK$933.7m | −HK$442.9m | HK$2.22bn | −HK$546.8m | −HK$273.4m | −HK$857.1m | −HK$428.6m |
| Diluted earnings per share | -3.93 | -4.96 | -2.35 | 11.83 | -2.91 | -1.46 | -4.56 | -2.28 |
| Total assets | HK$2.48bn | HK$3.08bn | HK$4.11bn | HK$4.22bn | HK$2.84bn | HK$2.84bn | HK$2.80bn | HK$2.80bn |
| Cash and short-term investments | HK$222.9m | HK$134.8m | HK$100.4m | HK$128.7m | HK$122.2m | HK$122.2m | HK$111.9m | HK$123.6m |
| Debt | HK$5.69bn | HK$884.1m | HK$841.0m | HK$1.01bn | HK$5.83bn | HK$5.83bn | HK$5.97bn | HK$5.97bn |
| Shareholders' equity | −HK$4.81bn | −HK$4.08bn | −HK$3.12bn | −HK$2.69bn | −HK$4.91bn | −HK$4.91bn | −HK$4.34bn | −HK$4.34bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.3% | 20.5% | — |
| Operating income | -0.5% | 7.3% | — |
| Net income | 58.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.8% | 35.6% | 36.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | 0.1 | -0.1 | -0.5 | 1.9 | 3.3 | -3.3 | -1.4 | -1.7 | -0.9 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.1 | 4.0 | 4.2 | 0.2 | 0.3 | 1.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jan 1996.
- 10-to-1 reverse split · 4 Mar 2020
- 4-to-1 reverse split · 13 Nov 2014
- 20-to-1 reverse split · 24 Aug 2004
- 5-for-1 split · 9 Aug 1999
- 10-to-1 reverse split · 25 Sept 1998
- 295-to-1 reverse split · 24 Sept 1997
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.