C 
0.09
—
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.
Net income
−HK$394.9m
FY2016FY2025
Free cash flow
−HK$85.7m
FY2016FY2025
Shareholders' equity
HK$2.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$204.1m | −HK$203.8m | −HK$135.9m | −HK$26.7m | HK$482.3m | −HK$13.9m | −HK$60.8m | −HK$41.2m | HK$36.5m | HK$79.1m |
| Net income | −HK$394.9m | −HK$320.7m | −HK$328.7m | HK$227.8m | HK$419.0m | −HK$192.4m | HK$167.8m | HK$279.9m | HK$1.45bn | HK$85.0m |
| Diluted earnings per share | -0.17 | -0.14 | -0.14 | 0.10 | 0.18 | -0.08 | 0.07 | 0.12 | 0.62 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.62bn | HK$4.69bn | HK$5.38bn | HK$6.68bn | HK$7.31bn | HK$8.31bn | HK$7.75bn | HK$7.10bn | HK$6.46bn | HK$4.18bn |
| Cash and short-term investments | HK$491.8m | HK$1.08bn | HK$1.47bn | HK$2.11bn | HK$2.00bn | HK$1.46bn | HK$1.60bn | HK$1.21bn | HK$1.85bn | HK$791.7m |
| Total liabilities | HK$712.0m | HK$1.35bn | HK$1.57bn | HK$2.12bn | HK$2.89bn | HK$4.54bn | HK$3.50bn | HK$2.70bn | HK$2.39bn | HK$1.67bn |
| Debt | HK$171.2m | HK$697.4m | HK$873.0m | HK$1.30bn | HK$1.86bn | HK$1.95bn | HK$2.11bn | HK$1.66bn | HK$1.54bn | HK$721.2m |
| Shareholders' equity | HK$2.91bn | HK$3.34bn | HK$3.81bn | HK$4.56bn | HK$4.42bn | HK$3.77bn | HK$4.25bn | HK$4.40bn | HK$4.07bn | HK$2.51bn |
| Shares outstanding | 2,347m | 2,347m | 2,347m | 2,348m | 2,349m | 2,349m | 2,349m | 2,353m | 2,358m | 1,732m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$85.6m | −HK$197.6m | HK$194.8m | HK$84.0m | −HK$866.1m | HK$46.6m | HK$26.8m | −HK$270.0m | −HK$814.8m | −HK$158.4m |
| Capital spending | −HK$87,000 | −HK$137,000 | −HK$3.3m | −HK$79,000 | −HK$1.0m | −HK$3.0m | −HK$13.5m | −HK$745,000 | −HK$1.4m | −HK$1.2m |
| Free cash flow | −HK$85.7m | −HK$197.7m | HK$191.6m | HK$83.9m | −HK$867.1m | HK$43.6m | HK$13.3m | −HK$270.8m | −HK$816.2m | −HK$159.6m |
| Dividends paid | — | — | −HK$234.7m | −HK$176.1m | −HK$35.2m | −HK$47.0m | −HK$82.2m | −HK$129.5m | −HK$84.1m | −HK$58.4m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$51.8m | −HK$138.8m | −HK$65.3m | −HK$107.2m | −HK$96.6m | −HK$115.4m | −HK$20.5m | −HK$46.3m |
| Net income | −HK$62.3m | −HK$218.8m | −HK$176.2m | −HK$111.7m | −HK$209.0m | −HK$141.4m | −HK$187.3m | −HK$540.2m |
| Diluted earnings per share | -0.03 | -0.09 | -0.08 | -0.05 | -0.09 | -0.06 | -0.08 | -0.23 |
| Cash from operations | HK$165.0m | −HK$39.0m | −HK$45.0m | −HK$80.0m | −HK$117.0m | −HK$79.0m | HK$274.0m | −HK$2.0m |
| Capital spending | — | — | — | — | — | — | −HK$2.0m | — |
| Free cash flow | — | — | — | — | — | — | HK$272.0m | — |
| Total assets | HK$3.46bn | HK$3.62bn | HK$4.17bn | HK$4.69bn | HK$4.84bn | HK$5.38bn | HK$5.99bn | HK$6.68bn |
| Cash and short-term investments | HK$587.7m | HK$491.8m | HK$682.9m | HK$1.08bn | HK$1.22bn | HK$1.47bn | HK$2.09bn | HK$2.11bn |
| Debt | HK$95.8m | HK$161.7m | HK$274.8m | HK$202.9m | HK$163.1m | HK$388.2m | HK$905.5m | HK$786.7m |
| Shareholders' equity | HK$2.87bn | HK$2.91bn | HK$3.24bn | HK$3.34bn | HK$3.44bn | HK$3.81bn | HK$3.87bn | HK$4.56bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.1% | -13.5% | -21.8% |
| Operating income | 97.0% | 71.2% | — |
| Net income | — | 15.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -207.5% | -122.9% | -4.2% | 2.7% |
| Net margin | -364.1% | -176.0% | -24.4% | 31.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.7 | -1.0 | 2.7 | 2.2 | -5.2 | 6.2 | 4.1 | 1.0 | 9.4 |
| Price to sales | 2.9 | 2.0 | 5.4 | 3.0 | 0.5 | 5.6 | 5.2 | 6.5 | 3.0 | 1.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Sept 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.075 | 0.015 | 0.02 | 0.035 | 0.035 | 0.035 | 0.037 |
- 1-to-1 reverse split · 20 Aug 2008
- 5-to-1 reverse split · 17 Jun 1999
- 1.095-for-1 split · 20 Sept 1994
- 6-for-5 split · 20 Sept 1993
- 4-to-1 reverse split · 16 Nov 1992
- 1.1-for-1 split · 14 Feb 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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