0.91
+0.55%
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$1.95bn
FY2016FY2025
Net income
HK$100.4m
FY2016FY2025
Free cash flow
HK$223.9m
FY2016FY2025
Shareholders' equity
HK$1.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.95bn | HK$1.91bn | HK$1.92bn | HK$1.73bn | HK$1.11bn | HK$699.5m | HK$576.2m | HK$429.4m | HK$311.2m | HK$248.7m |
| Gross profit | HK$603.7m | HK$527.6m | HK$619.0m | HK$365.3m | HK$309.4m | HK$163.6m | HK$183.6m | HK$149.3m | HK$135.4m | HK$95.0m |
| Operating income | HK$167.5m | −HK$67.1m | HK$119.3m | −HK$36.5m | HK$33.3m | HK$8.1m | HK$47.9m | HK$58.8m | HK$82.1m | HK$59.5m |
| Net income | HK$100.4m | −HK$135.2m | HK$62.0m | −HK$21.9m | HK$21.9m | −HK$6.2m | HK$41.4m | HK$42.6m | HK$40.1m | HK$46.9m |
| Diluted earnings per share | 0.08 | -0.11 | 0.05 | -0.02 | 0.02 | -0.01 | 0.04 | 0.04 | 0.05 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.73bn | HK$2.72bn | HK$2.75bn | HK$2.90bn | HK$1.96bn | HK$1.63bn | HK$1.12bn | HK$886.8m | HK$233.4m | HK$128.6m |
| Cash and short-term investments | HK$466.0m | HK$467.3m | HK$557.4m | HK$698.5m | HK$442.4m | HK$553.9m | HK$535.9m | HK$732.2m | HK$78.0m | HK$71.0m |
| Total liabilities | HK$796.0m | HK$830.2m | HK$755.3m | HK$903.4m | HK$618.6m | HK$332.0m | HK$258.3m | HK$53.1m | HK$76.0m | HK$65.2m |
| Debt | HK$171.2m | HK$437.8m | HK$363.0m | HK$452.5m | HK$471.7m | HK$245.0m | HK$171.7m | HK$2.5m | HK$8.9m | HK$18.5m |
| Shareholders' equity | HK$1.77bn | HK$1.75bn | HK$1.85bn | HK$1.87bn | HK$1.33bn | HK$1.29bn | HK$856.7m | HK$833.7m | HK$157.4m | HK$63.4m |
| Shares outstanding | 1,197m | 1,228m | 1,252m | 1,239m | 1,153m | 1,147m | 1,051m | 1,069m | 823m | 723m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$301.5m | HK$283.1m | HK$361.2m | HK$191.9m | HK$148.4m | HK$104.0m | HK$140.6m | HK$40.9m | HK$65.5m | HK$53.5m |
| Capital spending | −HK$77.5m | −HK$158.6m | −HK$115.5m | −HK$91.2m | −HK$129.2m | −HK$337.4m | −HK$171.9m | −HK$31.7m | −HK$65.6m | −HK$11.3m |
| Free cash flow | HK$223.9m | HK$124.5m | HK$245.7m | HK$100.6m | HK$19.2m | −HK$233.4m | −HK$31.4m | HK$9.2m | −HK$103,000 | HK$42.2m |
| Dividends paid | — | — | — | — | −HK$23.0m | −HK$21.5m | −HK$21.0m | −HK$21.0m | −HK$65.4m | −HK$65.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.02bn | HK$1.00bn | HK$944.3m | HK$990.7m | HK$922.5m | HK$973.7m | HK$950.3m | HK$850.3m |
| Gross profit | HK$323.4m | HK$309.8m | HK$293.9m | HK$307.8m | HK$289.1m | HK$318.8m | HK$300.2m | HK$201.7m |
| Operating income | HK$87.5m | HK$86.2m | HK$81.3m | −HK$139.6m | HK$73.4m | HK$65.2m | HK$57.0m | −HK$40.9m |
| Net income | HK$50.0m | HK$50.4m | HK$49.9m | −HK$165.9m | HK$30.8m | HK$32.2m | HK$29.8m | −HK$36.7m |
| Diluted earnings per share | 0.04 | 0.04 | 0.04 | -0.14 | 0.03 | 0.03 | 0.02 | -0.03 |
| Cash from operations | — | HK$178.0m | HK$122.0m | HK$154.0m | HK$170.0m | HK$165.0m | HK$195.0m | HK$65.0m |
| Capital spending | — | −HK$33.0m | −HK$44.0m | −HK$74.0m | −HK$84.0m | −HK$70.0m | −HK$44.0m | −HK$52.0m |
| Free cash flow | — | HK$145.0m | HK$78.0m | HK$80.0m | HK$86.0m | HK$95.0m | HK$151.0m | HK$13.0m |
| Total assets | HK$2.86bn | HK$2.73bn | HK$2.76bn | HK$2.72bn | HK$2.77bn | HK$2.75bn | HK$2.71bn | HK$2.90bn |
| Cash and short-term investments | HK$563.4m | HK$466.0m | HK$435.7m | HK$467.3m | HK$512.4m | HK$557.4m | HK$595.5m | HK$698.5m |
| Debt | HK$172.7m | HK$426.8m | HK$423.1m | HK$437.8m | HK$401.2m | HK$363.0m | HK$396.7m | HK$452.5m |
| Shareholders' equity | HK$1.83bn | HK$1.77bn | HK$1.78bn | HK$1.75bn | HK$1.84bn | HK$1.85bn | HK$1.84bn | HK$1.87bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.0% | 22.7% | 25.6% |
| Operating income | — | 83.4% | 12.9% |
| Net income | — | — | 10.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.3% | 28.1% | 27.8% | 29.1% |
| Operating margin | 2.6% | 2.4% | 2.4% | 4.7% |
| Net margin | -0.9% | 0.1% | 0.2% | 2.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.5 | -18.3 | 69.5 | -277.6 | 363.2 | -1054.3 | 127.1 | 126.3 |
| Price to sales | 1.1 | 1.3 | 2.2 | 3.5 | 7.1 | 9.4 | 9.1 | 12.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 27 Jun 2025.
| FY2025 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|
| Paid in the year | 0.02 | 0.02 | 0.02 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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