H 
0.40
-2.44%
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$1.02bn
FY2015FY2024
Net income
−HK$163.5m
FY2015FY2024
Free cash flow
−HK$74.7m
FY2015FY2024
Shareholders' equity
HK$103.3m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.02bn | HK$1.34bn | HK$1.58bn | HK$327.7m | HK$111.1m | HK$99.3m | HK$109.2m | HK$167.7m | HK$128.3m | HK$122.8m |
| Research and development | HK$17.3m | HK$29.3m | HK$35.6m | — | — | — | — | — | — | — |
| Operating income | −HK$78.2m | −HK$103.5m | −HK$300.9m | −HK$140.0m | −HK$43.3m | −HK$32.7m | −HK$60.6m | −HK$172.3m | −HK$84.4m | −HK$104.3m |
| Net income | −HK$163.5m | −HK$97.1m | −HK$270.0m | −HK$110.4m | −HK$56.6m | −HK$28.8m | HK$73.7m | −HK$103.7m | −HK$139.5m | −HK$493.7m |
| Diluted earnings per share | -0.12 | -0.07 | -0.20 | -0.08 | -0.04 | -0.00 | 0.05 | -0.07 | -0.10 | -0.74 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$387.1m | HK$526.3m | HK$589.2m | HK$911.2m | HK$880.8m | HK$1.22bn | HK$880.9m | HK$907.9m | HK$1.09bn | HK$675.0m |
| Cash and short-term investments | HK$47.1m | HK$32.1m | HK$38.3m | HK$150.0m | HK$113.8m | HK$198.2m | HK$362.5m | HK$128.4m | HK$70.8m | HK$294.3m |
| Total liabilities | HK$283.8m | HK$236.1m | HK$201.0m | HK$255.8m | HK$104.2m | HK$382.6m | HK$12.1m | HK$31.8m | HK$88.5m | HK$95.8m |
| Debt | HK$199.2m | HK$115.3m | HK$57.4m | HK$52.2m | HK$67.7m | HK$370.0m | — | — | — | — |
| Shareholders' equity | HK$103.3m | HK$290.2m | HK$388.2m | HK$655.4m | HK$776.6m | HK$833.2m | HK$868.8m | HK$876.1m | HK$1.01bn | HK$579.2m |
| Shares outstanding | 1,359m | 1,359m | 1,354m | 1,350m | 1,350m | 1,350m | 1,350m | 1,350m | 1,284m | 661m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$74.5m | −HK$51.7m | −HK$90.2m | HK$108.7m | −HK$70.4m | −HK$209.5m | HK$73.5m | HK$51.2m | −HK$453.6m | HK$244.3m |
| Capital spending | −HK$195,000 | −HK$22.8m | −HK$13.7m | −HK$11.2m | −HK$1.4m | −HK$932,000 | −HK$3.3m | −HK$3.5m | −HK$8.7m | −HK$53.2m |
| Free cash flow | −HK$74.7m | −HK$74.5m | −HK$104.0m | HK$97.5m | −HK$71.8m | −HK$210.4m | HK$70.2m | HK$47.7m | −HK$462.3m | HK$191.1m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$1.7m | −HK$500.0m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$302.4m | HK$529.1m | HK$489.4m | HK$656.4m | HK$630.2m | HK$908.7m | HK$672.7m | HK$144.3m |
| Operating income | −HK$34.8m | −HK$36.6m | −HK$41.6m | −HK$50.7m | −HK$62.6m | −HK$163.4m | −HK$136.4m | −HK$133.1m |
| Net income | −HK$35.0m | −HK$122.5m | −HK$41.0m | −HK$53.2m | −HK$43.8m | −HK$151.6m | −HK$118.4m | −HK$103.2m |
| Diluted earnings per share | -0.03 | -0.09 | -0.03 | -0.03 | -0.03 | -0.11 | -0.08 | -0.07 |
| Total assets | HK$413.9m | HK$387.1m | HK$530.8m | HK$526.3m | HK$568.5m | HK$589.2m | HK$742.2m | HK$911.2m |
| Cash and short-term investments | HK$30.1m | HK$47.1m | HK$51.0m | HK$32.1m | HK$27.9m | HK$38.3m | HK$55.7m | HK$150.0m |
| Debt | HK$26.0m | HK$150.6m | HK$145.6m | HK$108.0m | HK$76.7m | HK$46.5m | HK$16.9m | HK$10.0m |
| Shareholders' equity | HK$40.1m | HK$103.3m | HK$236.7m | HK$290.2m | HK$339.1m | HK$388.2m | HK$528.9m | HK$655.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.9% | 59.3% | 24.9% |
| Operating income | -17.6% | 19.1% | 6.1% |
| Net income | 14.0% | 41.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.7% | -14.6% | -15.6% | -22.7% |
| Net margin | -11.0% | -15.0% | -16.2% | -26.1% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | -16.4 | -7.3 | -26.3 | -46.5 | -51.6 | 35.5 | -46.2 | -43.3 | -14.1 |
| Price to sales | 0.9 | 1.2 | 1.2 | 8.9 | 23.7 | 14.9 | 24.0 | 28.6 | 47.0 | 56.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Sept 2015.
| FY2015 | |
|---|---|
| Paid in the year | 0.70 |
- 10-to-1 reverse split · 11 Dec 2025
- 2-to-1 reverse split · 24 Aug 2012
- 10-to-1 reverse split · 16 May 2011
- 1.053-for-1 split · 4 May 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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