Y 
1.06
-10.17%
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$186.4m
FY2016FY2025
Net income
−HK$59.9m
FY2016FY2025
Free cash flow
HK$1.8m
FY2016FY2025
Shareholders' equity
HK$960.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$186.4m | HK$234.3m | HK$365.8m | HK$390.4m | HK$420.5m | HK$656.2m | HK$717.6m | HK$749.3m | HK$800.3m | HK$938.4m |
| Gross profit | HK$34.4m | HK$44.5m | HK$71.7m | HK$60.6m | HK$71.4m | HK$111.1m | HK$132.6m | HK$137.5m | HK$139.3m | HK$164.3m |
| Operating income | −HK$19.2m | −HK$11.3m | HK$12.9m | −HK$16.6m | −HK$28.7m | −HK$3.0m | HK$11.5m | HK$11.9m | HK$9.6m | HK$20.7m |
| Net income | −HK$59.9m | −HK$48.2m | −HK$23.2m | HK$30.7m | −HK$27.8m | −HK$51.0m | HK$22.1m | HK$36.6m | HK$30.4m | HK$4.4m |
| Diluted earnings per share | -0.29 | -0.23 | -0.11 | 0.15 | -0.13 | -0.25 | 0.11 | 0.18 | 0.15 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.02bn | HK$1.09bn | HK$1.19bn | HK$1.30bn | HK$1.23bn | HK$1.24bn | HK$1.36bn | HK$1.39bn | HK$1.33bn | HK$1.38bn |
| Cash and short-term investments | HK$332.1m | HK$304.5m | HK$306.2m | HK$235.5m | HK$266.1m | HK$272.5m | HK$323.8m | HK$323.1m | HK$313.5m | HK$311.6m |
| Total liabilities | HK$64.0m | HK$71.3m | HK$85.2m | HK$127.3m | HK$111.5m | HK$142.7m | HK$142.5m | HK$143.4m | HK$163.2m | HK$170.3m |
| Debt | HK$64,000 | HK$164,000 | HK$74,000 | HK$535,000 | HK$7.1m | HK$18.0m | — | — | — | — |
| Shareholders' equity | HK$960.3m | HK$1.02bn | HK$1.11bn | HK$1.17bn | HK$1.12bn | HK$1.10bn | HK$1.22bn | HK$1.25bn | HK$1.17bn | HK$1.21bn |
| Shares outstanding | 207m | 207m | 207m | 207m | 207m | 207m | 207m | 207m | 207m | 207m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$2.4m | −HK$6.8m | HK$72.2m | −HK$18.3m | −HK$3.7m | −HK$16.8m | HK$37.6m | HK$12.4m | −HK$5.7m | HK$46.5m |
| Capital spending | −HK$615,000 | −HK$151,000 | −HK$6.7m | −HK$6.4m | −HK$3.0m | −HK$4.0m | −HK$7.1m | −HK$2.0m | −HK$4.3m | −HK$6.1m |
| Free cash flow | HK$1.8m | −HK$7.0m | HK$65.5m | −HK$24.7m | −HK$6.8m | −HK$20.9m | HK$30.5m | HK$10.4m | −HK$10.0m | HK$40.4m |
| Dividends paid | −HK$4.1m | −HK$4.1m | −HK$4.1m | — | — | −HK$24.8m | −HK$24.8m | −HK$20.7m | −HK$21.9m | −HK$6.2m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$85.6m | HK$111.1m | HK$75.3m | HK$136.1m | HK$98.2m | HK$49.1m | HK$166.2m | HK$199.5m |
| Gross profit | HK$15.1m | HK$20.9m | HK$13.5m | HK$24.4m | HK$20.0m | HK$9.7m | HK$32.1m | HK$39.6m |
| Operating income | −HK$5.4m | −HK$11.9m | −HK$7.8m | HK$3.3m | −HK$2.7m | −HK$1.5m | HK$10.6m | HK$8.1m |
| Net income | −HK$53.3m | −HK$28.1m | −HK$31.8m | −HK$29.8m | −HK$18.4m | −HK$9.2m | −HK$31.1m | HK$7.8m |
| Diluted earnings per share | -0.26 | -0.14 | -0.15 | -0.14 | -0.09 | -0.04 | -0.15 | 0.04 |
| Total assets | — | — | — | HK$1.09bn | HK$1.15bn | HK$1.15bn | HK$1.19bn | HK$1.25bn |
| Cash and short-term investments | — | — | — | HK$304.5m | HK$296.5m | HK$311.7m | HK$306.2m | HK$270.4m |
| Debt | — | — | — | HK$65,000 | HK$114,000 | HK$114,000 | — | HK$14,000 |
| Shareholders' equity | — | — | — | HK$1.02bn | HK$1.05bn | HK$1.05bn | HK$1.11bn | HK$1.10bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.8% | -22.3% | -16.5% |
| Operating income | 5.0% | 44.6% | — |
| Net income | — | 3.3% | 9.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.7% | 17.9% | 17.5% | 17.2% |
| Operating margin | -7.2% | -2.9% | -2.9% | -0.1% |
| Net margin | -25.7% | -8.6% | -8.0% | -1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -4.3 | -10.5 | 9.3 | -14.9 | -8.0 | 26.6 | 17.5 | 19.3 | 138.2 |
| Price to sales | 0.9 | 0.9 | 0.7 | 0.7 | 1.0 | 0.6 | 0.8 | 0.9 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 3 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.02 | 0.02 | 0.12 | 0.12 | 0.10 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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