H 
1.81
+21.48%
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$228.8m
FY2017FY2026
Net income
HK$28.2m
FY2017FY2026
Free cash flow
HK$137.3m
FY2017FY2026
Shareholders' equity
HK$215.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$228.8m | HK$239.0m | HK$357.1m | HK$456.6m | HK$1.70bn | HK$2.02bn | HK$933.6m | HK$844.6m | HK$683.4m | HK$836.5m |
| Operating income | −HK$8.4m | −HK$63.0m | HK$22.8m | −HK$101.0m | −HK$246.4m | −HK$87.0m | HK$16.9m | −HK$29.4m | HK$14.3m | HK$2.5m |
| Net income | HK$28.2m | −HK$76.1m | HK$14.8m | −HK$127.6m | −HK$241.0m | −HK$93.1m | HK$5.6m | −HK$34.7m | HK$9.2m | HK$5.4m |
| Diluted earnings per share | 0.37 | -0.98 | 0.19 | -0.21 | -0.47 | -0.19 | 0.01 | -0.07 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$669.9m | HK$559.7m | HK$478.2m | HK$437.9m | HK$514.8m | HK$936.0m | HK$1.06bn | HK$813.9m | HK$607.6m | HK$414.0m |
| Cash and short-term investments | HK$279.0m | HK$22.9m | HK$67.9m | HK$74.6m | HK$78.2m | HK$94.4m | HK$128.3m | HK$203.4m | HK$202.1m | HK$152.2m |
| Total liabilities | HK$423.3m | HK$361.6m | HK$198.9m | HK$251.6m | HK$220.1m | HK$402.1m | HK$435.0m | HK$178.6m | HK$68.6m | HK$4.2m |
| Debt | HK$93.7m | HK$93.6m | HK$132.7m | HK$184.6m | HK$177.4m | HK$346.8m | HK$342.8m | HK$156.5m | HK$36.1m | — |
| Shareholders' equity | HK$215.3m | HK$192.9m | HK$283.0m | HK$179.9m | HK$286.0m | HK$526.8m | HK$619.0m | HK$635.3m | HK$539.0m | HK$409.8m |
| Shares outstanding | 77m | 77m | 79m | 612m | 510m | 503m | 503m | 505m | 419m | 386m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$145.7m | HK$1.6m | HK$39.0m | −HK$785,000 | HK$23.3m | −HK$29.0m | −HK$228.5m | −HK$20.9m | HK$22.6m | HK$8.3m |
| Capital spending | −HK$8.3m | −HK$2.1m | −HK$864,000 | −HK$3.8m | −HK$448,000 | −HK$1.1m | −HK$464,000 | −HK$254.0m | −HK$84,000 | −HK$216,000 |
| Free cash flow | HK$137.3m | −HK$580,000 | HK$38.2m | −HK$4.6m | HK$22.8m | −HK$30.1m | −HK$229.0m | −HK$274.9m | HK$22.5m | HK$8.0m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$19.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$141.7m | HK$87.1m | HK$69.2m | HK$169.8m | HK$159.8m | HK$197.3m | HK$330.7m | HK$125.9m |
| Operating income | −HK$4.4m | HK$6.1m | −HK$9.0m | HK$9.6m | HK$57.2m | −HK$36.2m | −HK$24.1m | −HK$70.8m |
| Net income | HK$27.5m | HK$680,000 | −HK$77.2m | HK$1.1m | HK$47.7m | −HK$32.9m | −HK$58.6m | −HK$69.0m |
| Diluted earnings per share | 0.36 | 0.01 | -1.00 | 0.01 | 0.60 | -0.05 | -0.10 | -0.14 |
| Cash from operations | HK$62.0m | HK$83.0m | −HK$10.0m | HK$11.0m | HK$40.0m | −HK$1.0m | −HK$19.0m | HK$10.0m |
| Capital spending | −HK$4.0m | −HK$4.0m | −HK$2.0m | −HK$11.0m | — | −HK$1.0m | −HK$3.0m | −HK$10.0m |
| Free cash flow | HK$58.0m | HK$79.0m | −HK$12.0m | HK$0 | — | −HK$2.0m | −HK$22.0m | HK$0 |
| Total assets | HK$669.9m | HK$734.1m | HK$559.7m | HK$491.7m | HK$478.2m | HK$405.0m | HK$437.9m | HK$481.9m |
| Cash and short-term investments | HK$279.0m | HK$378.8m | HK$22.9m | HK$60.5m | HK$89.2m | HK$36.1m | HK$31.3m | HK$61.8m |
| Debt | HK$10.1m | HK$108.2m | HK$93.6m | HK$106.4m | HK$132.7m | HK$171.3m | HK$184.6m | HK$163.6m |
| Shareholders' equity | HK$215.3m | HK$191.5m | HK$192.9m | HK$280.1m | HK$283.0m | HK$172.4m | HK$179.9m | HK$238.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.6% | -35.3% | -15.3% |
| Operating income | -56.4% | -37.4% | — |
| Net income | — | — | 1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -15.3% | -11.7% | -9.6% | -4.6% |
| Net margin | -10.2% | -12.5% | -9.9% | -5.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.0 | -14.2 | 25.0 | -14.4 | -12.9 | -57.1 | — | -663.6 | — | — |
| Price to sales | 0.4 | 4.5 | 1.0 | 4.0 | 1.8 | 2.6 | 10.9 | 27.3 | 24.1 | 23.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Dec 2016.
| FY2017 | |
|---|---|
| Paid in the year | 0.518 |
- 12-to-1 reverse split · 26 Sept 2024
- 10-to-1 reverse split · 18 Mar 2022
- 12-for-1 split · 6 May 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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