G 
0.63
-2.33%
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$467.1m
FY2016FY2025
Net income
−HK$17.9m
FY2016FY2025
Free cash flow
−HK$32.8m
FY2016FY2025
Shareholders' equity
HK$240.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$467.1m | HK$736.7m | HK$671.5m | HK$348.6m | HK$254.9m | HK$252.8m | HK$378.5m | HK$375.0m | HK$308.0m | HK$192.1m |
| Gross profit | HK$14.6m | HK$13.4m | HK$23.3m | HK$46.4m | HK$43.8m | HK$53.1m | HK$61.0m | HK$53.0m | HK$58.5m | HK$46.8m |
| Operating income | −HK$20.8m | −HK$26.4m | −HK$16.7m | HK$16.0m | HK$11.2m | HK$29.3m | HK$31.7m | HK$32.9m | HK$40.2m | HK$36.9m |
| Net income | −HK$17.9m | −HK$6.3m | −HK$21.6m | HK$11.6m | HK$17.0m | HK$23.1m | HK$21.9m | HK$27.1m | HK$22.4m | HK$29.4m |
| Diluted earnings per share | -0.03 | -0.01 | -0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$280.6m | HK$337.7m | HK$368.2m | HK$369.4m | HK$320.9m | HK$315.4m | HK$285.6m | HK$234.7m | HK$220.2m | HK$132.5m |
| Cash and short-term investments | HK$91.2m | HK$146.1m | HK$179.0m | HK$134.8m | HK$114.6m | HK$198.4m | HK$147.8m | HK$96.3m | HK$152.3m | HK$36.7m |
| Total liabilities | HK$45.7m | HK$64.4m | HK$80.3m | HK$64.1m | HK$33.2m | HK$50.1m | HK$73.7m | HK$48.3m | HK$60.8m | HK$54.1m |
| Debt | HK$3.5m | HK$5.8m | HK$2.5m | HK$2.5m | HK$3.0m | HK$1.9m | HK$7.1m | HK$50.1m | HK$5.7m | HK$254,000 |
| Shareholders' equity | HK$240.9m | HK$278.4m | HK$282.6m | HK$302.6m | HK$287.1m | HK$264.9m | HK$211.9m | HK$186.5m | HK$159.4m | HK$78.4m |
| Shares outstanding | 667m | 667m | 666m | 666m | 656m | 644m | 542m | 542m | 540m | 440m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$31.2m | −HK$38.9m | −HK$40,000 | HK$22.9m | −HK$91.0m | HK$75.0m | HK$29.8m | −HK$30.5m | HK$42.6m | HK$14.9m |
| Capital spending | −HK$1.6m | −HK$251,000 | −HK$734,000 | −HK$673,000 | −HK$1.4m | −HK$703,000 | −HK$861,000 | −HK$225,000 | −HK$188,000 | −HK$660,000 |
| Free cash flow | −HK$32.8m | −HK$39.1m | −HK$774,000 | HK$22.2m | −HK$92.4m | HK$74.3m | HK$28.9m | −HK$30.7m | HK$42.4m | HK$14.2m |
| Dividends paid | −HK$20.0m | — | — | — | — | — | — | — | −HK$23.0m | −HK$10.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$203.5m | HK$200.7m | HK$266.5m | HK$390.4m | HK$346.3m | HK$304.4m | HK$367.1m | HK$200.5m |
| Gross profit | HK$19.8m | −HK$14.4m | HK$29.0m | −HK$20.5m | HK$33.9m | −HK$538,000 | HK$23.8m | HK$21.7m |
| Operating income | −HK$34,000 | −HK$27.6m | HK$6.9m | −HK$42.0m | HK$15.6m | −HK$23.0m | HK$6.3m | HK$4.1m |
| Net income | −HK$1.5m | −HK$24.1m | HK$6.2m | −HK$10.4m | HK$4.1m | −HK$27.8m | HK$6.2m | HK$4.8m |
| Diluted earnings per share | -0.00 | -0.04 | 0.01 | -0.02 | 0.01 | -0.04 | 0.01 | 0.01 |
| Cash from operations | HK$4.0m | −HK$40.0m | HK$8.0m | −HK$7.0m | −HK$30.0m | −HK$28.0m | HK$29.0m | −HK$4.0m |
| Capital spending | — | −HK$1.0m | −HK$8.0m | — | −HK$30.0m | — | — | — |
| Free cash flow | — | −HK$41.0m | HK$0 | — | −HK$60.0m | — | — | — |
| Total assets | HK$282.4m | HK$280.6m | HK$334.9m | HK$337.7m | HK$396.7m | HK$368.2m | HK$437.9m | HK$369.4m |
| Cash and short-term investments | HK$98.8m | HK$91.2m | HK$155.2m | HK$146.1m | HK$145.6m | HK$179.0m | HK$166.5m | HK$134.8m |
| Debt | HK$1.9m | HK$3.4m | HK$3.6m | HK$5.8m | HK$2.9m | HK$2.3m | HK$2.7m | HK$2.5m |
| Shareholders' equity | HK$245.9m | HK$240.9m | HK$284.6m | HK$278.4m | HK$286.6m | HK$282.6m | HK$310.2m | HK$302.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.2% | 13.1% | 10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.3% | 4.4% | 7.1% | 11.0% |
| Operating margin | -3.9% | -2.2% | -0.3% | 4.1% |
| Net margin | -2.0% | -1.5% | 0.2% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.8 | -25.7 | -10.7 | 21.0 | 14.3 | 10.0 | 10.6 | 10.8 | 15.9 |
| Price to sales | 0.5 | 0.2 | 0.3 | 0.7 | 0.9 | 0.9 | 0.6 | 0.8 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 21 May 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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