C 
0.15
-1.29%
Close of 9 Nov 2026, in HKD
Search any instrument
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$17.3m
FY2016FY2025
Net income
−HK$28.0m
FY2016FY2025
Free cash flow
−HK$12.4m
FY2016FY2025
Shareholders' equity
HK$85.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$17.3m | HK$20.2m | HK$30.6m | HK$62.4m | HK$206.6m | HK$153.3m | HK$18.2m | HK$34.9m | HK$24.0m | HK$27.8m |
| Research and development | HK$1.5m | HK$2.4m | HK$5.9m | HK$10.2m | HK$9.5m | HK$3.0m | — | — | — | — |
| Operating income | −HK$26.6m | −HK$23.8m | −HK$35.1m | −HK$34.5m | −HK$51.3m | −HK$32.9m | −HK$19.6m | −HK$43.3m | −HK$63.5m | −HK$61.3m |
| Net income | −HK$28.0m | −HK$20.8m | −HK$37.2m | −HK$28.9m | −HK$57.2m | −HK$58.2m | −HK$31.3m | −HK$58.0m | −HK$48.8m | −HK$58.1m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.02 | -0.04 | -0.04 | -0.01 | -0.03 | -0.04 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$97.9m | HK$126.3m | HK$162.5m | HK$206.0m | HK$245.7m | HK$286.5m | HK$314.4m | HK$321.4m | HK$375.4m | HK$265.4m |
| Cash and short-term investments | HK$19.1m | HK$39.9m | HK$63.8m | HK$129.9m | HK$76.3m | HK$154.0m | HK$220.4m | HK$245.5m | HK$270.2m | HK$136.8m |
| Total liabilities | HK$12.4m | HK$12.5m | HK$24.0m | HK$23.2m | HK$80.4m | HK$65.7m | HK$29.6m | HK$5.2m | HK$6.7m | −HK$1.0m |
| Debt | HK$5.5m | HK$8.3m | HK$2.5m | HK$601,000 | HK$40.9m | HK$11.6m | — | — | — | — |
| Shareholders' equity | HK$85.5m | HK$113.8m | HK$138.6m | HK$182.8m | HK$165.3m | HK$220.9m | HK$284.7m | HK$316.1m | HK$368.7m | HK$266.4m |
| Shares outstanding | 1,669m | 1,669m | 1,669m | 1,642m | 1,391m | 1,391m | 1,391m | 1,391m | 1,302m | 1,201m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$12.4m | −HK$19.7m | −HK$59.4m | HK$2.8m | −HK$62.5m | −HK$31.3m | −HK$17.5m | −HK$28.1m | −HK$54.1m | −HK$57.6m |
| Capital spending | −HK$5,000 | −HK$36,000 | −HK$4.9m | −HK$10,000 | −HK$3.4m | −HK$491,000 | −HK$2.6m | −HK$1.3m | −HK$148,000 | −HK$506,000 |
| Free cash flow | −HK$12.4m | −HK$19.8m | −HK$64.4m | HK$2.8m | −HK$65.9m | −HK$31.8m | −HK$20.1m | −HK$29.4m | −HK$54.3m | −HK$58.1m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$9.0m | HK$9.5m | HK$7.8m | HK$10.8m | HK$9.4m | HK$4.7m | HK$13.6m | HK$6.8m |
| Operating income | −HK$14.2m | −HK$16.6m | −HK$8.3m | −HK$10.2m | −HK$10.5m | −HK$5.5m | −HK$16.2m | −HK$7.8m |
| Net income | −HK$30.7m | −HK$16.6m | −HK$11.4m | −HK$6.9m | −HK$13.9m | −HK$9.7m | −HK$16.4m | −HK$7.4m |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | -0.00 | -0.01 | -0.00 | -0.01 | -0.01 |
| Total assets | HK$74.9m | HK$97.9m | HK$115.3m | HK$126.3m | HK$143.0m | HK$143.0m | HK$162.5m | HK$162.5m |
| Cash and short-term investments | HK$19.6m | HK$19.1m | HK$25.4m | HK$39.9m | HK$53.2m | HK$53.2m | HK$63.8m | HK$67.6m |
| Debt | HK$3.5m | HK$3.4m | HK$4.4m | HK$7.8m | HK$6.0m | HK$6.0m | HK$357,000 | HK$357,000 |
| Shareholders' equity | HK$61.9m | HK$85.5m | HK$104.0m | HK$113.8m | HK$122.4m | HK$122.4m | HK$138.6m | HK$147.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.7% | -35.3% | -3.6% |
| Operating income | -8.2% | -4.1% | -12.5% |
| Net income | -1.1% | -13.6% | -13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -134.4% | -92.0% | -41.6% | -79.5% |
| Net margin | -130.0% | -88.1% | -47.0% | -87.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.5 | -16.0 | -11.2 | -22.7 | -6.8 | -1.0 | -2.0 | -2.6 | -4.0 | -6.9 |
| Price to sales | 15.3 | 16.5 | 13.6 | 10.5 | 1.9 | 0.4 | 3.5 | 4.3 | 8.0 | 14.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Aug 1995.
- 10-to-1 reverse split · 4 Nov 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.