F 
0.46
+2.25%
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$18.5m
FY2016FY2025
Net income
−HK$35.4m
FY2016FY2025
Free cash flow
−HK$11.1m
FY2016FY2025
Shareholders' equity
—
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$18.5m | HK$23.5m | HK$37.2m | HK$51.1m | HK$49.7m | HK$48.9m | HK$52.4m | HK$52.6m | HK$46.7m | HK$48.9m |
| Operating income | −HK$10.6m | −HK$15.8m | −HK$16.3m | −HK$964,900 | HK$7.5m | HK$7.2m | −HK$7.7m | −HK$9.1m | −HK$6.9m | −HK$16.6m |
| Net income | −HK$35.4m | −HK$33.0m | −HK$7.9m | HK$54.0m | HK$7.9m | −HK$24.0m | −HK$9.6m | HK$7.4m | −HK$4.8m | −HK$10.5m |
| Diluted earnings per share | -0.04 | -0.04 | -0.01 | 0.07 | 0.01 | -0.04 | -0.02 | 0.01 | -0.01 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | HK$407.7m | HK$433.4m | HK$389.1m | HK$361.4m | HK$331.0m | HK$340.2m | HK$326.6m | HK$335.7m |
| Cash and short-term investments | — | — | HK$50.1m | HK$51.5m | HK$71.4m | HK$38.5m | HK$59.6m | HK$58.3m | HK$58.0m | HK$84.3m |
| Total liabilities | — | — | HK$36.2m | HK$50.5m | HK$63.7m | HK$64.8m | HK$46.0m | HK$46.3m | HK$47.4m | HK$52.1m |
| Debt | — | — | HK$21.1m | HK$32.3m | HK$43.7m | HK$46.9m | HK$27.2m | HK$30.2m | HK$33.0m | HK$34.7m |
| Shareholders' equity | — | — | HK$371.5m | HK$382.8m | HK$325.4m | HK$296.6m | HK$285.0m | HK$293.8m | HK$279.1m | HK$283.7m |
| Shares outstanding | 753m | 752m | 748m | 742m | 614m | 611m | 610m | 608m | 603m | 601m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$9.7m | −HK$17.3m | −HK$10.4m | HK$3.7m | HK$25.5m | HK$7.9m | HK$12.7m | HK$1.3m | −HK$23.3m | −HK$6.0m |
| Capital spending | −HK$1.4m | −HK$1.8m | −HK$2.6m | −HK$843,300 | −HK$3.0m | −HK$5.3m | −HK$6.9m | −HK$9.7m | −HK$1.9m | −HK$844,100 |
| Free cash flow | −HK$11.1m | −HK$19.1m | −HK$13.0m | HK$2.8m | HK$22.5m | HK$2.6m | HK$5.8m | −HK$8.5m | −HK$25.2m | −HK$6.9m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$8.7m | HK$7.2m | HK$11.4m | HK$6.1m | HK$17.4m | HK$17.3m | HK$19.9m | HK$24.5m |
| Operating income | −HK$5.6m | HK$5.0m | −HK$16.3m | −HK$8.2m | −HK$8.0m | −HK$4.8m | −HK$5.6m | −HK$611,800 |
| Net income | −HK$7.9m | −HK$12.6m | −HK$22.8m | −HK$25.3m | −HK$7.8m | −HK$27.9m | HK$19.9m | HK$38.2m |
| Diluted earnings per share | -0.01 | -0.01 | -0.03 | -0.03 | -0.01 | -0.04 | 0.03 | 0.05 |
| Total assets | — | — | — | HK$364.3m | HK$394.6m | HK$407.7m | HK$437.8m | HK$433.4m |
| Cash and short-term investments | — | — | — | HK$38.4m | HK$45.1m | HK$50.1m | HK$50.7m | HK$51.5m |
| Debt | — | — | — | HK$9.6m | HK$10.7m | HK$2.8m | HK$5.9m | HK$10.6m |
| Shareholders' equity | — | — | — | HK$337.5m | HK$363.9m | HK$371.5m | HK$396.9m | HK$382.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.7% | -17.6% | -9.8% |
| Operating income | 122.2% | — | 23.4% |
| Net income | — | 8.0% | -6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -62.8% | -33.5% | -12.6% | -14.6% |
| Net margin | -162.8% | -17.2% | -16.8% | -25.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | -11.6 | -70.5 | 9.5 | 10.7 | -3.2 | -13.2 | 23.7 | -51.2 | -25.1 |
| Price to sales | 17.9 | 16.4 | 15.1 | 10.0 | 1.7 | 1.6 | 2.4 | 3.4 | 5.2 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Sept 1994.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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