Y 
1.04
+1.96%
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$177.9m
FY2016FY2025
Net income
−HK$23.6m
FY2016FY2025
Free cash flow
HK$34.7m
FY2016FY2025
Shareholders' equity
HK$413.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$177.9m | HK$238.4m | HK$214.1m | HK$211.5m | HK$216.2m | HK$269.8m | HK$360.7m | HK$575.7m | HK$760.5m | HK$894.2m |
| Gross profit | HK$117.5m | HK$167.0m | HK$143.8m | HK$134.5m | HK$136.2m | HK$139.3m | HK$240.8m | HK$352.5m | HK$433.2m | HK$524.6m |
| Operating income | −HK$6.0m | −HK$4.4m | −HK$21.6m | −HK$20.8m | −HK$30.8m | −HK$147.9m | −HK$79.1m | −HK$92.9m | −HK$83.1m | −HK$107.3m |
| Net income | −HK$23.6m | −HK$5.1m | −HK$13.8m | HK$3.3m | −HK$11.7m | −HK$87.1m | HK$90.2m | HK$151.0m | −HK$97.3m | −HK$87.9m |
| Diluted earnings per share | -0.14 | -0.03 | -0.08 | 0.02 | -0.07 | -0.53 | 0.54 | 0.91 | -0.59 | -0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$505.8m | HK$571.6m | HK$584.1m | HK$608.9m | HK$690.7m | HK$725.1m | HK$920.0m | HK$961.9m | HK$1.33bn | HK$1.45bn |
| Cash and short-term investments | HK$101.6m | HK$113.0m | HK$128.7m | HK$149.9m | HK$158.9m | HK$171.9m | HK$340.2m | HK$261.2m | HK$150.7m | HK$105.0m |
| Total liabilities | HK$92.6m | HK$119.4m | HK$113.7m | HK$109.9m | HK$151.8m | HK$187.0m | HK$237.7m | HK$240.1m | HK$193.2m | HK$191.9m |
| Debt | HK$44.7m | HK$65.0m | HK$63.1m | HK$63.0m | HK$82.6m | HK$113.5m | HK$6.8m | HK$10.5m | HK$6.6m | HK$27.0m |
| Shareholders' equity | HK$413.2m | HK$452.2m | HK$470.4m | HK$499.0m | HK$538.9m | HK$538.1m | HK$682.3m | HK$721.8m | HK$1.13bn | HK$1.26bn |
| Shares outstanding | 166m | 166m | 166m | 166m | 166m | 166m | 166m | 166m | 166m | 166m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$36.4m | HK$41.0m | HK$38.8m | −HK$4.0m | HK$28.2m | −HK$17.2m | −HK$63.8m | −HK$55.1m | HK$10.2m | −HK$57.6m |
| Capital spending | −HK$1.7m | −HK$1.7m | −HK$4.7m | −HK$6.4m | −HK$1.1m | −HK$41.1m | −HK$11.3m | −HK$16.2m | −HK$20.8m | −HK$35.6m |
| Free cash flow | HK$34.7m | HK$39.4m | HK$34.1m | −HK$10.4m | HK$27.1m | −HK$58.3m | −HK$75.2m | −HK$71.2m | −HK$10.6m | −HK$93.2m |
| Dividends paid | −HK$16.6m | −HK$16.6m | −HK$8.3m | −HK$33.2m | −HK$233,000 | −HK$52.5m | −HK$115.1m | −HK$710.1m | −HK$8.2m | −HK$49.6m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$78.7m | HK$89.3m | HK$88.5m | HK$131.9m | HK$106.6m | HK$53.3m | HK$126.8m | HK$63.4m |
| Gross profit | HK$46.0m | HK$62.9m | HK$54.6m | HK$90.4m | HK$76.5m | HK$38.3m | HK$85.5m | HK$42.7m |
| Operating income | −HK$488,000 | HK$1.6m | −HK$1.2m | HK$3.5m | −HK$5.8m | −HK$3.8m | HK$1.7m | HK$206,000 |
| Net income | −HK$929,000 | −HK$21.6m | −HK$2.1m | HK$2.3m | −HK$7.4m | −HK$4.0m | HK$10.1m | HK$4.9m |
| Diluted earnings per share | -0.01 | -0.13 | -0.01 | 0.01 | -0.04 | -0.02 | 0.06 | 0.03 |
| Total assets | HK$511.8m | HK$505.8m | HK$552.0m | HK$571.6m | HK$594.9m | HK$594.9m | HK$584.1m | HK$584.1m |
| Cash and short-term investments | HK$106.2m | HK$101.6m | HK$110.6m | HK$113.0m | HK$119.1m | HK$136.6m | HK$128.7m | HK$144.7m |
| Debt | HK$25.4m | HK$23.3m | HK$23.6m | HK$31.4m | HK$44.8m | HK$44.8m | HK$37.1m | HK$37.1m |
| Shareholders' equity | HK$400.4m | HK$413.2m | HK$440.2m | HK$452.2m | HK$445.6m | HK$452.1m | HK$470.4m | HK$477.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.6% | -8.0% | -16.7% |
| Operating income | -33.8% | -47.3% | — |
| Net income | — | -23.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.3% | 66.8% | 63.1% | 61.3% |
| Operating margin | -2.5% | -6.3% | -17.4% | -11.0% |
| Net margin | -6.9% | -4.7% | -10.4% | -0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.2 | -32.1 | -12.7 | 57.6 | -28.3 | -3.9 | 7.0 | 7.7 | -6.9 | -7.4 |
| Price to sales | 0.8 | 0.7 | 0.8 | 0.9 | 1.5 | 1.2 | 1.8 | 2.0 | 0.9 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 3 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.05 | 0.20 | 0.30 | 0.205 | 0.34 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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