C 
0.21
—
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$210.8m
FY2016FY2025
Net income
−HK$590.7m
FY2016FY2025
Free cash flow
−HK$306.6m
FY2016FY2025
Shareholders' equity
HK$7.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$210.8m | HK$304.3m | HK$251.7m | HK$666.4m | HK$2.09bn | HK$599.0m | HK$619.2m | HK$730.8m | HK$1.14bn | HK$1.87bn |
| Operating income | −HK$345.2m | −HK$402.2m | −HK$295.1m | −HK$1.67bn | HK$781.4m | −HK$45.5m | −HK$80.8m | −HK$61.4m | −HK$67.0m | HK$311.2m |
| Net income | −HK$590.7m | −HK$932.0m | −HK$966.3m | −HK$523.1m | HK$37.5m | −HK$705.1m | HK$1.23bn | HK$1.30bn | HK$1.26bn | HK$597.8m |
| Diluted earnings per share | -0.35 | -0.55 | -0.58 | -0.31 | 0.02 | -0.42 | 0.73 | 0.77 | 0.75 | 0.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$12.24bn | HK$14.16bn | HK$15.83bn | HK$19.07bn | HK$21.52bn | HK$22.50bn | HK$22.59bn | HK$20.66bn | HK$19.23bn | HK$15.46bn |
| Cash and short-term investments | HK$1.75bn | HK$2.44bn | HK$3.39bn | HK$5.33bn | HK$5.74bn | HK$4.96bn | HK$5.64bn | HK$3.93bn | HK$4.80bn | HK$2.13bn |
| Total liabilities | HK$4.62bn | HK$5.92bn | HK$6.56bn | HK$8.35bn | HK$10.21bn | HK$11.40bn | HK$10.49bn | HK$9.51bn | HK$9.44bn | HK$6.85bn |
| Debt | HK$2.91bn | HK$3.87bn | HK$4.28bn | HK$5.47bn | HK$7.16bn | HK$7.14bn | HK$7.33bn | HK$6.45bn | HK$6.23bn | HK$4.01bn |
| Shareholders' equity | HK$7.61bn | HK$8.24bn | HK$9.27bn | HK$10.72bn | HK$11.31bn | HK$11.11bn | HK$12.10bn | HK$11.15bn | HK$9.79bn | HK$8.61bn |
| Shares outstanding | 1,673m | 1,673m | 1,673m | 1,673m | 1,673m | 1,673m | 1,673m | 1,676m | 1,681m | 1,732m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$305.8m | −HK$371.1m | HK$227.7m | HK$603.5m | −HK$1.09bn | −HK$546.6m | −HK$459.7m | −HK$1.03bn | −HK$1.48bn | −HK$348.0m |
| Capital spending | −HK$888,000 | −HK$240,000 | −HK$4.7m | −HK$2.4m | −HK$15.0m | −HK$4.4m | −HK$18.5m | −HK$19.1m | −HK$22.7m | −HK$14.9m |
| Free cash flow | −HK$306.6m | −HK$371.3m | HK$223.1m | HK$601.1m | −HK$1.11bn | −HK$551.1m | −HK$478.3m | −HK$1.05bn | −HK$1.51bn | −HK$362.9m |
| Dividends paid | — | — | −HK$334.5m | −HK$58.5m | −HK$25.1m | −HK$133.8m | −HK$142.2m | −HK$134.2m | −HK$100.8m | −HK$83.1m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$175.1m | HK$118.4m | HK$87.3m | HK$88.6m | HK$215.7m | HK$122.6m | HK$103.0m | HK$61.4m |
| Operating income | −HK$72.5m | −HK$210.0m | −HK$134.1m | −HK$273.8m | −HK$128.4m | −HK$31.3m | −HK$253.9m | −HK$55.8m |
| Net income | −HK$231.9m | −HK$297.9m | −HK$292.8m | −HK$447.2m | −HK$484.8m | −HK$283.3m | −HK$536.9m | −HK$296.6m |
| Diluted earnings per share | -0.14 | -0.17 | -0.17 | -0.26 | -0.29 | -0.16 | -0.32 | -0.16 |
| Cash from operations | — | — | −HK$154.0m | −HK$189.0m | −HK$181.0m | — | −HK$175.0m | — |
| Total assets | HK$11.58bn | HK$12.24bn | HK$13.28bn | HK$14.16bn | HK$14.74bn | HK$14.74bn | HK$15.83bn | HK$15.83bn |
| Cash and short-term investments | HK$2.01bn | HK$1.75bn | HK$2.17bn | HK$2.44bn | HK$2.78bn | HK$2.78bn | HK$3.39bn | HK$3.39bn |
| Debt | HK$1.62bn | HK$1.91bn | HK$1.58bn | HK$1.28bn | HK$2.69bn | HK$2.69bn | HK$3.38bn | HK$3.38bn |
| Shareholders' equity | HK$7.41bn | HK$7.61bn | HK$8.00bn | HK$8.24bn | HK$8.67bn | HK$10.01bn | HK$9.27bn | HK$10.75bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.9% | -18.8% | -17.9% |
| Operating income | -40.8% | 50.0% | — |
| Net income | 4.1% | -3.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -145.1% | -189.0% | -47.9% | -18.4% |
| Net margin | -295.6% | -210.2% | -89.3% | 12.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.6 | -0.8 | -2.3 | 41.1 | -2.3 | 2.0 | 2.0 | 2.4 | 4.2 |
| Price to sales | 2.5 | 1.8 | 3.0 | 1.8 | 0.7 | 2.6 | 3.9 | 3.5 | 2.7 | 1.3 |
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 | 0.002 | 0.095 | 0.015 | 0.08 | 0.085 | 0.06 | 0.06 | 0.05 |
- 1-to-1 reverse split · 22 Aug 2007
- 5-for-4 split · 20 Sept 1993
- 5-to-1 reverse split · 8 Jul 1993
- 6-for-5 split · 18 Sept 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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