K 
3.69
+7.27%
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$1.04bn
FY2017FY2026
Net income
HK$81.6m
FY2017FY2026
Free cash flow
−HK$10.3m
FY2017FY2026
Shareholders' equity
HK$615.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.04bn | HK$757.5m | HK$589.9m | HK$605.1m | HK$612.2m | HK$406.3m | HK$986.7m | HK$1.01bn | HK$983.9m | HK$879.5m |
| Gross profit | HK$222.0m | HK$137.3m | HK$107.3m | HK$103.3m | HK$99.9m | HK$82.6m | HK$240.1m | HK$252.2m | HK$296.2m | HK$209.8m |
| Research and development | HK$26.7m | HK$18.3m | HK$18.9m | HK$26.5m | HK$19.2m | HK$13.0m | HK$39.3m | HK$44.0m | HK$43.2m | HK$37.5m |
| Operating income | HK$100.5m | HK$32.0m | HK$16.9m | HK$21.5m | HK$27.1m | HK$20.6m | HK$27.2m | HK$34.2m | HK$93.6m | HK$8.4m |
| Net income | HK$81.6m | HK$36.3m | HK$23.2m | HK$22.7m | −HK$48.2m | HK$17.9m | HK$644,000 | HK$49.7m | HK$35.1m | −HK$15.5m |
| Diluted earnings per share | 0.14 | 0.06 | 0.04 | 0.04 | -0.08 | 0.03 | 0.00 | 0.08 | 0.06 | -0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.03bn | HK$842.4m | HK$778.3m | HK$728.7m | HK$776.5m | HK$920.2m | HK$825.3m | HK$930.6m | HK$1.10bn | HK$901.2m |
| Cash and short-term investments | HK$119.0m | HK$152.5m | HK$159.5m | HK$293.5m | HK$304.2m | HK$404.2m | HK$386.4m | HK$357.2m | HK$346.0m | HK$219.0m |
| Total liabilities | HK$346.3m | HK$218.7m | HK$175.5m | HK$215.6m | HK$271.8m | HK$360.6m | HK$313.2m | HK$406.3m | HK$595.3m | HK$486.8m |
| Debt | HK$103.7m | HK$86.6m | HK$58.0m | HK$114.6m | HK$143.7m | HK$249.8m | HK$214.1m | HK$212.4m | HK$401.0m | HK$145,000 |
| Shareholders' equity | HK$615.1m | HK$554.4m | HK$530.6m | HK$513.1m | HK$504.7m | HK$555.5m | HK$508.5m | HK$520.7m | HK$499.1m | HK$411.9m |
| Shares outstanding | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$35.8m | −HK$24.4m | HK$28.7m | HK$10.1m | −HK$53.4m | HK$64.2m | HK$90.9m | HK$37.2m | HK$106.0m | HK$61.3m |
| Capital spending | −HK$46.1m | −HK$8.7m | −HK$25.9m | −HK$4.1m | −HK$42.3m | −HK$32.3m | −HK$24.3m | −HK$15.2m | −HK$50.5m | −HK$28.7m |
| Free cash flow | −HK$10.3m | −HK$33.2m | HK$2.8m | HK$6.0m | −HK$95.8m | HK$31.9m | HK$66.6m | HK$22.1m | HK$55.5m | HK$32.6m |
| Dividends paid | −HK$7.8m | −HK$4.8m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$581.5m | HK$459.5m | HK$380.8m | HK$376.7m | HK$275.8m | HK$314.1m | HK$262.0m | HK$343.1m |
| Gross profit | HK$137.2m | HK$84.9m | HK$69.5m | HK$67.8m | HK$40.3m | HK$67.0m | HK$40.0m | HK$63.2m |
| Operating income | HK$63.7m | HK$25.8m | HK$7.6m | HK$14.5m | −HK$13.2m | HK$30.1m | −HK$4.6m | HK$26.1m |
| Net income | HK$51.8m | HK$29.9m | HK$14.6m | HK$21.8m | −HK$6.2m | HK$29.4m | −HK$10.3m | HK$33.0m |
| Diluted earnings per share | 0.09 | 0.05 | 0.02 | 0.04 | -0.01 | 0.05 | -0.02 | 0.05 |
| Cash from operations | −HK$75.0m | HK$110.0m | −HK$46.0m | HK$21.0m | HK$1.0m | HK$27.0m | HK$49.0m | −HK$36.0m |
| Capital spending | −HK$15.0m | −HK$30.0m | −HK$5.0m | −HK$2.0m | −HK$5.0m | −HK$20.0m | −HK$1.0m | −HK$2.0m |
| Free cash flow | −HK$90.0m | HK$80.0m | −HK$51.0m | HK$19.0m | −HK$4.0m | HK$7.0m | HK$48.0m | −HK$38.0m |
| Total assets | HK$1.03bn | HK$902.4m | HK$842.4m | HK$842.6m | HK$778.3m | HK$763.5m | HK$728.7m | HK$784.8m |
| Cash and short-term investments | HK$119.0m | HK$212.5m | HK$152.5m | HK$201.0m | HK$159.5m | HK$310.4m | HK$293.5m | HK$274.5m |
| Debt | HK$85.6m | HK$73.8m | HK$86.6m | HK$89.9m | HK$58.0m | HK$54.7m | HK$114.6m | HK$146.7m |
| Shareholders' equity | HK$615.1m | HK$585.7m | HK$554.4m | HK$550.5m | HK$530.6m | HK$540.4m | HK$513.1m | HK$518.9m |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.3% | 18.1% | 18.2% | 17.1% | 16.3% | 20.3% |
| Operating margin | 9.7% | 6.1% | 6.6% | 6.0% | 3.9% | 3.8% |
| Net margin | 7.8% | 4.8% | 3.9% | 3.7% | -7.9% | 4.4% |
| Return on equity | 13.3% | 6.6% | 4.4% | 4.4% | -9.5% | 3.2% |
| Return on assets | 7.9% | 4.3% | 3.0% | 3.1% | -6.2% | 1.9% |
| Free cash flow yield | 3.8% | -0.7% | 2.5% | 0.7% | -0.5% | 4.5% |
| Revenue growth | 37.4% | 28.4% | -2.5% | -1.2% | 50.7% | -58.8% |
| Earnings growth | 124.7% | 56.3% | 2.5% | -147.0% | -368.9% | 2683.1% |
| Current ratio | 2.01x | 2.41x | 2.57x | 4.21x | 3.24x | 2.31x |
| Debt to equity | 0.14x | 0.15x | 0.10x | 0.08x | 0.09x | 0.34x |
| Equity ratio | 59.7% | 65.8% | 68.2% | 70.4% | 65.0% | 60.4% |
| Interest coverage | 28.93x | 21.94x | 6.43x | 4.25x | 4.37x | 3.38x |
| R&D as a share of sales | 2.6% | 2.4% | 3.2% | 4.4% | 3.1% | 3.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.8% | 20.7% | 2.0% |
| Operating income | 67.3% | 37.2% | — |
| Net income | 53.3% | 35.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.0% | 19.0% | 18.8% | 22.1% |
| Operating margin | 7.4% | 5.7% | 5.4% | 4.0% |
| Net margin | 6.6% | 5.5% | 3.3% | 1.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.7 | 4.7 | 3.7 | 5.5 | -1.4 | 5.6 | 105.3 | 2.6 | 4.0 | -14.8 |
| Price to sales | 2.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 11 Mar 2026.
| FY2026 | FY2025 | FY2015 | FY2014 | |
|---|---|---|---|---|
| Paid in the year | 0.053 | 0.008 | 0.02 | 0.033 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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