V 
2.73
+5.81%
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$2.40bn
FY2015FY2024
Net income
HK$142.7m
FY2015FY2024
Free cash flow
−HK$220.8m
FY2015FY2024
Shareholders' equity
HK$2.10bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.40bn | HK$2.00bn | HK$1.44bn | HK$686.5m | HK$340.3m | HK$147.4m | HK$119.5m | HK$123.0m | HK$131.8m | HK$17.6m |
| Research and development | HK$270.9m | HK$231.5m | HK$133.1m | HK$111.8m | HK$52.5m | HK$19.6m | HK$12.4m | HK$12.9m | HK$9.9m | HK$1.4m |
| Operating income | HK$254.4m | HK$118.6m | HK$148.5m | HK$274,000 | HK$114.2m | −HK$60.1m | −HK$21.8m | −HK$6.1m | HK$31.2m | HK$4.3m |
| Net income | HK$142.7m | −HK$7.8m | HK$42.0m | −HK$22.7m | HK$81.2m | −HK$48.7m | −HK$19.6m | −HK$20.0m | HK$22.3m | HK$2.6m |
| Diluted earnings per share | 0.06 | -0.00 | 0.02 | -0.01 | 0.04 | -0.03 | -0.01 | -0.02 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.92bn | HK$3.51bn | HK$3.26bn | HK$1.77bn | HK$1.15bn | HK$910.2m | HK$399.1m | HK$193.1m | HK$196.9m | HK$24.1m |
| Cash and short-term investments | HK$220.3m | HK$240.0m | HK$226.5m | HK$496.9m | HK$262.4m | HK$37.9m | HK$138.5m | HK$47.3m | HK$56.0m | HK$4.0m |
| Total liabilities | HK$1.82bn | HK$1.55bn | HK$1.77bn | HK$233.8m | HK$364.7m | HK$634.7m | HK$55.0m | HK$40.5m | HK$26.1m | HK$25.3m |
| Debt | HK$1.02bn | HK$696.5m | HK$1.13bn | HK$24.3m | HK$261.0m | HK$400.3m | — | — | HK$7,900 | HK$3,000 |
| Shareholders' equity | HK$2.10bn | HK$1.95bn | HK$1.49bn | HK$1.54bn | HK$788.9m | HK$275.5m | HK$344.1m | HK$152.6m | HK$170.8m | −HK$1.2m |
| Shares outstanding | 2,428m | 2,223m | 2,339m | 1,913m | 1,842m | 1,699m | 1,695m | 1,333m | 1,333m | 333m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$4.1m | HK$110.8m | HK$37.6m | −HK$8.8m | HK$33.5m | −HK$67.3m | −HK$33.6m | −HK$8.5m | HK$21.6m | HK$5.6m |
| Capital spending | −HK$225.0m | −HK$210.1m | −HK$105.1m | −HK$66.3m | −HK$11.3m | −HK$4.7m | −HK$45.3m | −HK$149,100 | −HK$251,200 | −HK$552,000 |
| Free cash flow | −HK$220.8m | −HK$99.2m | −HK$67.5m | −HK$75.1m | HK$22.2m | −HK$72.1m | −HK$78.9m | −HK$8.7m | HK$21.4m | HK$5.0m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.46bn | HK$1.22bn | HK$1.18bn | HK$998.2m | HK$1.00bn | HK$501.4m | HK$886.5m | HK$443.3m |
| Operating income | HK$157.9m | HK$141.9m | HK$112.5m | HK$26.3m | HK$92.3m | HK$26.3m | HK$84.2m | HK$3.6m |
| Net income | HK$102.3m | HK$101.3m | HK$41.5m | −HK$37.0m | HK$29.2m | HK$17.0m | HK$18.3m | HK$14.5m |
| Diluted earnings per share | 0.04 | 0.04 | 0.02 | -0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total assets | HK$4.84bn | HK$3.92bn | HK$3.72bn | HK$3.51bn | HK$3.41bn | HK$3.41bn | HK$3.26bn | HK$3.26bn |
| Cash and short-term investments | HK$578.3m | HK$220.3m | HK$301.6m | HK$240.0m | HK$248.2m | HK$248.2m | HK$226.5m | HK$243.2m |
| Debt | HK$422.0m | HK$575.3m | HK$523.2m | HK$552.1m | HK$495.8m | HK$495.8m | HK$457.9m | HK$457.9m |
| Shareholders' equity | HK$2.87bn | HK$2.10bn | HK$2.00bn | HK$1.95bn | HK$1.94bn | HK$2.12bn | HK$1.49bn | HK$1.67bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 11.3% | 11.8% | 6.7% | 12.8% | 3.2% | 20.0% |
| Net margin | 6.9% | 5.9% | -0.4% | 2.9% | -3.3% | 23.9% |
| Return on equity | 6.2% | 6.8% | -0.4% | 2.8% | -1.5% | 618.6% |
| Return on assets | 3.2% | 3.6% | -0.2% | 1.3% | -1.3% | 423.0% |
| Free cash flow yield | 0.3% | 2.9% | 4.4% | 2.1% | 0.8% | 22.9% |
| Revenue growth | 19.6% | 20.0% | 38.7% | 110.1% | -74.0% | 130.6% |
| Earnings growth | 39.6% | -1925.6% | -118.6% | -285.2% | -103.6% | -267.0% |
| Current ratio | 1.22x | 1.77x | 1.98x | 1.20x | 4.30x | 3.90x |
| Debt to equity | 0.63x | 0.48x | 0.35x | 0.75x | 0.01x | 0.38x |
| Equity ratio | 51.6% | 53.6% | 55.7% | 45.8% | 86.8% | 68.4% |
| Interest coverage | 4.36x | 3.09x | 1.46x | 2.00x | 1.08x | 1.35x |
| R&D as a share of sales | 11.8% | 11.3% | 11.6% | 9.2% | 16.3% | 15.4% |
| Buybacks as a share of market value | -9.1% | -10.0% | -5.9% | 1.2% | -360.3% | 73.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 51.8% | 74.7% | 72.8% |
| Operating income | 875.6% | — | 57.4% |
| Net income | — | — | 54.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 8.5% | 8.0% | 8.2% | 7.9% |
| Net margin | 3.1% | 2.4% | 2.7% | 2.3% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 63.6 | -685.2 | 187.1 | -521.5 | 99.1 | -19.5 | -90.2 |
| Price to sales | 3.8 | 2.7 | 5.5 | 17.2 | 23.6 | 6.5 | 14.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-for-1 split · 15 Jul 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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