T 
0.15
-3.33%
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$1.44bn
FY2016FY2025
Net income
−HK$2.91bn
FY2016FY2025
Free cash flow
−HK$80.2m
FY2016FY2025
Shareholders' equity
HK$3.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.44bn | HK$1.37bn | HK$954.3m | HK$3.67bn | HK$639.0m | HK$575.1m | HK$719.2m | HK$619.7m | HK$1.84bn | HK$5.56bn |
| Research and development | — | — | HK$1 | HK$0 | HK$0 | HK$0 | HK$0 | — | — | — |
| Operating income | −HK$1.18bn | −HK$543.7m | −HK$532.3m | HK$288.8m | HK$491.5m | −HK$4.4m | HK$285.8m | HK$1.03bn | HK$6.88bn | HK$341.0m |
| Net income | −HK$2.91bn | −HK$1.83bn | −HK$876.9m | −HK$185.1m | HK$33.4m | −HK$283.3m | −HK$529.9m | HK$102.6m | HK$4.64bn | HK$866.4m |
| Diluted earnings per share | -1.90 | -1.20 | -0.57 | -0.12 | 0.02 | -0.20 | -0.38 | 0.05 | 2.43 | 0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$11.19bn | HK$16.62bn | HK$20.04bn | HK$21.83bn | HK$28.37bn | HK$27.18bn | HK$25.02bn | HK$28.52bn | HK$26.98bn | HK$26.03bn |
| Cash and short-term investments | HK$649.1m | HK$379.8m | HK$668.0m | HK$611.2m | HK$1.21bn | HK$1.77bn | HK$2.25bn | HK$5.83bn | HK$4.60bn | HK$3.76bn |
| Total liabilities | HK$8.09bn | HK$10.59bn | HK$11.92bn | HK$12.55bn | HK$18.00bn | HK$17.03bn | HK$15.18bn | HK$17.82bn | HK$15.37bn | HK$19.19bn |
| Debt | HK$5.23bn | HK$6.57bn | HK$7.29bn | HK$7.71bn | HK$10.14bn | HK$10.75bn | HK$5.30bn | HK$10.97bn | HK$9.24bn | HK$8.92bn |
| Shareholders' equity | HK$3.30bn | HK$6.07bn | HK$8.09bn | HK$9.22bn | HK$10.30bn | HK$10.07bn | HK$9.68bn | HK$10.58bn | HK$11.45bn | HK$5.90bn |
| Shares outstanding | 1,529m | 1,529m | 1,529m | 1,529m | 1,529m | 1,413m | 1,413m | 1,906m | 1,913m | 1,422m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$80.2m | HK$547.1m | HK$352.2m | HK$244.4m | HK$221.6m | −HK$483.2m | −HK$1.24bn | −HK$3.21bn | −HK$5.51bn | −HK$2.30bn |
| Capital spending | — | −HK$8.5m | −HK$3.1m | −HK$3.9m | −HK$9.1m | −HK$9.5m | −HK$6.9m | −HK$14.7m | −HK$12.5m | −HK$14.6m |
| Free cash flow | −HK$80.2m | HK$538.6m | HK$349.2m | HK$240.5m | HK$212.5m | −HK$492.7m | −HK$1.25bn | −HK$3.23bn | −HK$5.52bn | −HK$2.32bn |
| Dividends paid | — | — | −HK$15.3m | −HK$15.3m | −HK$107.0m | −HK$30.6m | −HK$91.8m | −HK$397.6m | −HK$312.9m | −HK$312.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$433.8m | HK$192.9m | HK$311.2m | HK$311.2m | HK$368.6m | HK$368.6m | HK$457.9m | HK$457.9m |
| Operating income | −HK$267.0m | −HK$119.0m | −HK$1.12bn | −HK$1.12bn | −HK$169.6m | −HK$403.5m | −HK$721.3m | −HK$721.3m |
| Net income | −HK$350.4m | −HK$175.2m | −HK$1.08bn | −HK$1.08bn | −HK$373.2m | −HK$373.2m | −HK$646.7m | −HK$646.7m |
| Diluted earnings per share | -0.23 | -0.11 | -0.71 | -0.71 | -0.24 | -0.24 | -0.42 | -0.42 |
| Cash from operations | — | — | −HK$525.0m | — | HK$445.0m | — | HK$80.0m | HK$175.0m |
| Capital spending | — | — | −HK$525.0m | — | −HK$445.0m | — | −HK$8.0m | −HK$4.0m |
| Free cash flow | — | — | −HK$1.05bn | — | HK$0 | — | HK$72.0m | HK$171.0m |
| Total assets | HK$11.15bn | HK$11.15bn | HK$11.19bn | HK$11.19bn | HK$15.09bn | HK$15.09bn | HK$16.62bn | HK$16.62bn |
| Cash and short-term investments | HK$650.7m | HK$542.4m | HK$649.1m | HK$525.3m | HK$1.11bn | HK$388.8m | HK$379.8m | HK$379.8m |
| Debt | HK$3.34bn | HK$3.34bn | HK$5.20bn | HK$1.72bn | HK$5.77bn | HK$1.86bn | HK$6.57bn | HK$2.72bn |
| Shareholders' equity | HK$3.10bn | HK$3.10bn | HK$3.30bn | HK$3.30bn | HK$5.48bn | HK$5.48bn | HK$6.07bn | HK$6.07bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.8% | 20.1% | -18.0% |
| Operating income | — | 206.1% | — |
| Net income | 150.4% | 59.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -61.4% | -26.5% | -17.1% | 35.5% |
| Net margin | -168.7% | -78.1% | -70.0% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.4 | -0.9 | -6.7 | 47.1 | -5.9 | -3.6 | 39.0 | 1.7 | 4.9 |
| Price to sales | 0.4 | 0.6 | 0.9 | 0.3 | 2.5 | 2.9 | 2.6 | 6.5 | 4.3 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.07 | 0.02 | 0.06 | 0.003 | 0.002 | 0.002 |
- 7-for-5 split · 20 May 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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