G 
0.05
-4.26%
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$491.0m
FY2016FY2025
Net income
−HK$131.9m
FY2016FY2025
Free cash flow
−HK$39.0m
FY2016FY2025
Shareholders' equity
−HK$344.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$491.0m | HK$623.5m | HK$440.8m | HK$359.6m | HK$728.1m | HK$769.0m | HK$1.96bn | HK$1.96bn | HK$1.40bn | HK$995.2m |
| Gross profit | HK$45.4m | HK$31.3m | HK$36.6m | HK$27.3m | HK$41.6m | HK$77.9m | HK$207.6m | HK$202.8m | HK$154.4m | HK$104.3m |
| Operating income | −HK$39.0m | HK$91.8m | −HK$54.9m | −HK$64.5m | −HK$99.0m | HK$119.3m | −HK$88.6m | −HK$131.9m | −HK$72.0m | −HK$323.5m |
| Net income | −HK$131.9m | HK$66.6m | −HK$187.5m | −HK$212.5m | −HK$96.3m | −HK$8.7m | −HK$162.6m | −HK$208.5m | −HK$140.3m | −HK$162.4m |
| Diluted earnings per share | -0.07 | 0.04 | -0.12 | -0.14 | -0.06 | -0.01 | -0.11 | -0.14 | -0.09 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$572.2m | HK$568.8m | HK$575.4m | HK$687.1m | HK$935.1m | HK$1.30bn | HK$1.40bn | HK$1.57bn | HK$1.64bn | HK$1.41bn |
| Cash and short-term investments | HK$1.3m | HK$5.1m | HK$13.6m | HK$4.3m | HK$7.8m | HK$21.3m | HK$30.8m | HK$20.1m | HK$173.7m | HK$117.0m |
| Total liabilities | HK$916.2m | HK$787.1m | HK$957.2m | HK$1.37bn | HK$1.44bn | HK$1.73bn | HK$1.81bn | HK$1.89bn | HK$1.76bn | HK$1.40bn |
| Debt | HK$436.3m | HK$299.7m | HK$441.1m | HK$796.5m | HK$929.6m | HK$996.7m | HK$1.06bn | HK$1.01bn | HK$1.13bn | HK$808.3m |
| Shareholders' equity | −HK$344.0m | −HK$218.3m | −HK$375.9m | −HK$675.0m | −HK$494.2m | −HK$418.6m | −HK$405.6m | −HK$307.3m | −HK$116.7m | HK$17.8m |
| Shares outstanding | 1,931m | 1,890m | 1,528m | 1,528m | 1,528m | 1,528m | 1,528m | 1,528m | 1,528m | 1,528m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$37.0m | −HK$114.5m | HK$88.4m | HK$13.3m | −HK$283.9m | −HK$20.2m | HK$21.6m | HK$45.2m | HK$54.3m | −HK$104.1m |
| Capital spending | −HK$2.0m | −HK$77.9m | −HK$588,000 | −HK$136,000 | −HK$1.6m | −HK$9.8m | −HK$18.9m | −HK$28.7m | −HK$89.4m | −HK$52.6m |
| Free cash flow | −HK$39.0m | −HK$192.4m | HK$87.8m | HK$13.1m | −HK$285.5m | −HK$30.0m | HK$2.7m | HK$16.4m | −HK$35.2m | −HK$156.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$268.9m | HK$237.4m | HK$253.6m | HK$291.0m | HK$332.5m | HK$247.2m | HK$193.7m | HK$96.8m |
| Gross profit | HK$9.3m | HK$21.1m | HK$24.3m | HK$19.9m | HK$11.4m | HK$16.6m | HK$20.0m | HK$10.0m |
| Operating income | −HK$28.6m | −HK$20.1m | −HK$18.9m | −HK$33.3m | −HK$35.8m | −HK$12.2m | −HK$28.8m | −HK$36.6m |
| Net income | −HK$81.8m | −HK$68.6m | −HK$63.3m | −HK$99.0m | HK$165.6m | −HK$103.5m | −HK$83.9m | −HK$42.0m |
| Diluted earnings per share | -0.04 | -0.04 | -0.03 | -0.05 | 0.09 | -0.07 | -0.05 | -0.03 |
| Cash from operations | — | HK$6.0m | −HK$43.0m | −HK$52.0m | −HK$62.0m | HK$108.0m | −HK$20.0m | −HK$9.0m |
| Capital spending | — | — | −HK$1.0m | −HK$76.0m | −HK$1.0m | — | — | — |
| Free cash flow | — | — | −HK$44.0m | −HK$128.0m | −HK$63.0m | — | — | — |
| Total assets | HK$592.2m | HK$572.2m | HK$575.2m | HK$568.8m | HK$484.1m | HK$617.8m | HK$655.7m | HK$655.7m |
| Cash and short-term investments | HK$10.3m | HK$1.3m | HK$8.2m | HK$5.1m | HK$8.4m | HK$13.6m | HK$7.9m | HK$9.4m |
| Debt | HK$358.6m | HK$436.3m | HK$318.3m | HK$299.7m | HK$245.6m | HK$441.1m | HK$785.2m | HK$784.6m |
| Shareholders' equity | −HK$436.7m | −HK$344.0m | −HK$284.4m | −HK$218.3m | −HK$179.8m | −HK$375.9m | −HK$699.2m | −HK$699.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | -8.6% | -11.4% |
| Operating income | -15.5% | — | -16.1% |
| Net income | -14.7% | 72.1% | -16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.9% | 7.3% | 7.6% | 8.9% |
| Operating margin | 4.7% | -3.5% | -1.4% | -7.8% |
| Net margin | -5.9% | -24.3% | -16.7% | -17.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | 3.4 | -0.8 | -0.5 | -1.3 | -24.5 | -0.8 | -0.4 | -2.3 | -2.2 |
| Price to sales | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.3 | 0.1 | 0.0 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2010.
| FY2010 | |
|---|---|
| Paid in the year | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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