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0.20
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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$3.42bn
FY2016FY2025
Net income
−HK$183.2m
FY2016FY2025
Free cash flow
HK$105.3m
FY2016FY2025
Shareholders' equity
HK$1.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$3.42bn | HK$3.97bn | HK$3.07bn | HK$4.08bn | HK$4.14bn | HK$4.02bn | HK$5.03bn | HK$4.14bn | HK$3.50bn | HK$4.03bn |
| Gross profit | HK$592.9m | HK$774.6m | HK$504.1m | HK$989.1m | HK$999.0m | HK$964.9m | HK$1.45bn | HK$1.14bn | HK$973.0m | HK$1.15bn |
| Operating income | HK$21.5m | −HK$9.3m | −HK$230.1m | HK$109.7m | −HK$50.9m | −HK$46.3m | HK$199.4m | HK$60.8m | HK$92.8m | HK$210.3m |
| Net income | −HK$183.2m | −HK$68.4m | −HK$375.3m | HK$10.1m | −HK$66.4m | −HK$233.8m | HK$64.2m | HK$89.6m | HK$75.0m | HK$143.5m |
| Diluted earnings per share | -0.14 | -0.05 | -0.29 | 0.01 | -0.05 | -0.18 | 0.05 | 0.07 | 0.06 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.57bn | HK$2.70bn | HK$2.83bn | HK$3.47bn | HK$3.95bn | HK$3.82bn | HK$4.34bn | HK$3.39bn | HK$2.96bn | HK$2.94bn |
| Cash and short-term investments | HK$284.9m | HK$250.3m | HK$209.5m | HK$370.5m | HK$417.0m | HK$695.1m | HK$486.6m | HK$355.1m | HK$424.8m | HK$414.2m |
| Total liabilities | HK$1.38bn | HK$1.35bn | HK$1.39bn | HK$1.61bn | HK$2.00bn | HK$1.85bn | HK$2.23bn | HK$1.21bn | HK$690.7m | HK$698.5m |
| Debt | HK$705.3m | HK$689.8m | HK$745.0m | HK$1.06bn | HK$1.26bn | HK$1.16bn | HK$1.43bn | HK$483.0m | HK$179.7m | HK$117.0m |
| Shareholders' equity | HK$1.20bn | HK$1.35bn | HK$1.46bn | HK$1.87bn | HK$1.96bn | HK$1.97bn | HK$2.16bn | HK$2.17bn | HK$2.23bn | HK$2.23bn |
| Shares outstanding | 1,285m | 1,284m | 1,284m | 1,284m | 1,284m | 1,284m | 1,284m | 1,284m | 1,284m | 1,289m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$148.1m | HK$122.9m | HK$265.4m | HK$241.9m | −HK$73.6m | HK$593.5m | HK$38.9m | −HK$190.6m | HK$84.6m | HK$38.4m |
| Capital spending | −HK$42.7m | −HK$44.5m | −HK$56.0m | −HK$56.9m | −HK$78.1m | −HK$64.5m | −HK$264.1m | −HK$229.4m | −HK$193.2m | −HK$121.0m |
| Free cash flow | HK$105.3m | HK$78.4m | HK$209.4m | HK$185.1m | −HK$151.7m | HK$529.1m | −HK$225.1m | −HK$420.1m | −HK$108.7m | −HK$82.5m |
| Dividends paid | — | — | — | — | — | — | −HK$25.7m | −HK$64.2m | −HK$64.2m | −HK$147.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.63bn | HK$1.68bn | HK$1.74bn | HK$2.22bn | HK$1.76bn | HK$1.41bn | HK$1.67bn | HK$2.19bn |
| Gross profit | HK$275.0m | HK$268.5m | HK$324.4m | HK$448.8m | HK$325.9m | HK$205.9m | HK$298.2m | HK$462.4m |
| Operating income | HK$14.0m | HK$50.6m | −HK$28.2m | HK$52.7m | −HK$62.0m | −HK$105.7m | −HK$174.5m | −HK$40.5m |
| Net income | HK$5.9m | −HK$139.7m | −HK$43.5m | HK$12.0m | −HK$80.5m | −HK$212.1m | −HK$163.2m | −HK$10.5m |
| Diluted earnings per share | 0.00 | -0.11 | -0.03 | 0.01 | -0.06 | -0.17 | -0.13 | -0.01 |
| Cash from operations | — | −HK$67.0m | HK$215.0m | HK$80.0m | HK$44.0m | −HK$7.0m | HK$275.0m | HK$131.0m |
| Capital spending | — | −HK$17.0m | −HK$25.0m | −HK$20.0m | −HK$23.0m | −HK$34.0m | −HK$21.0m | −HK$28.0m |
| Free cash flow | — | −HK$84.0m | HK$190.0m | HK$60.0m | HK$21.0m | −HK$41.0m | HK$254.0m | HK$103.0m |
| Total assets | HK$2.47bn | HK$2.57bn | HK$2.70bn | HK$2.70bn | HK$2.69bn | HK$2.83bn | HK$2.91bn | HK$3.47bn |
| Cash and short-term investments | HK$377.1m | HK$284.9m | HK$437.1m | HK$250.3m | HK$240.1m | HK$209.5m | HK$361.4m | HK$370.5m |
| Debt | HK$500.0m | HK$705.3m | HK$709.9m | HK$689.8m | HK$702.4m | HK$746.8m | HK$761.6m | HK$1.06bn |
| Shareholders' equity | HK$1.24bn | HK$1.20bn | HK$1.33bn | HK$1.35bn | HK$1.35bn | HK$1.46bn | HK$1.67bn | HK$1.87bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | -3.2% | -1.2% |
| Operating income | -41.9% | — | -22.4% |
| Net income | — | -4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.5% | 19.7% | 21.2% | 24.8% |
| Operating margin | 0.2% | -0.7% | -0.9% | 1.5% |
| Net margin | -3.4% | -4.2% | -4.0% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.5 | -3.1 | -0.4 | 30.5 | -6.5 | -2.0 | 10.4 | 11.0 | 17.3 | 11.2 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Sept 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.05 | 0.05 | 0.115 | 0.08 | 0.07 | 0.07 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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