G 
0.51
-3.81%
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$75.5m
FY2015FY2024
Net income
−HK$47.4m
FY2015FY2024
Free cash flow
−HK$107.1m
FY2015FY2024
Shareholders' equity
HK$2.73bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$75.5m | HK$83.1m | HK$52.5m | HK$114.0m | HK$99.5m | HK$60.8m | HK$158.4m | HK$306.2m | HK$290.5m | HK$279.2m |
| Gross profit | HK$20.7m | HK$14.7m | HK$10.8m | HK$41.7m | HK$38.6m | HK$9.8m | HK$18.8m | HK$129.6m | HK$198.4m | HK$220.7m |
| Research and development | HK$55.8m | HK$6.7m | HK$11.4m | HK$18.2m | HK$36.7m | HK$90.1m | HK$144.4m | HK$231.9m | HK$110.0m | HK$110.8m |
| Operating income | −HK$79.7m | −HK$20.3m | −HK$53.5m | −HK$46.2m | −HK$60.1m | −HK$210.0m | −HK$435.5m | −HK$250.0m | −HK$48.5m | HK$46.0m |
| Net income | −HK$47.4m | −HK$7.3m | −HK$67.9m | −HK$40.6m | −HK$78.3m | −HK$294.4m | −HK$457.6m | HK$66.1m | HK$664.3m | HK$30.0m |
| Diluted earnings per share | -0.08 | -0.01 | -0.11 | -0.07 | -0.01 | -0.05 | -0.07 | 0.01 | 0.11 | 0.01 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.20bn | HK$1.83bn | HK$1.98bn | HK$2.77bn | HK$2.84bn | HK$1.84bn | HK$2.15bn | HK$3.33bn | HK$3.50bn | HK$2.46bn |
| Cash and short-term investments | HK$152.6m | HK$263.5m | HK$165.0m | HK$318.7m | HK$147.8m | HK$245.9m | HK$429.6m | HK$787.5m | HK$1.01bn | HK$1.23bn |
| Total liabilities | HK$474.2m | HK$334.4m | HK$362.7m | HK$545.7m | HK$904.8m | HK$818.2m | HK$758.8m | HK$874.8m | HK$1.04bn | HK$535.8m |
| Debt | HK$90.5m | HK$115.5m | HK$141.7m | HK$179.0m | HK$498.0m | HK$506.2m | HK$466.4m | HK$396.2m | HK$264.1m | HK$142.6m |
| Shareholders' equity | HK$2.73bn | HK$1.49bn | HK$1.62bn | HK$2.22bn | HK$1.94bn | HK$1.02bn | HK$1.39bn | HK$2.46bn | HK$2.46bn | HK$1.92bn |
| Shares outstanding | 616m | 616m | 616m | 616m | 6,157m | 6,157m | 6,157m | 6,138m | 6,143m | 6,101m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$93.5m | −HK$43.6m | −HK$77.9m | HK$105.2m | HK$3.4m | −HK$158.0m | −HK$482.8m | −HK$103.2m | HK$22.4m | −HK$269.8m |
| Capital spending | −HK$13.6m | −HK$69.8m | −HK$14.9m | −HK$22.4m | −HK$14.0m | −HK$62.4m | −HK$123.1m | −HK$100.5m | −HK$64.3m | −HK$255.5m |
| Free cash flow | −HK$107.1m | −HK$113.4m | −HK$92.8m | HK$82.8m | −HK$10.6m | −HK$220.4m | −HK$605.9m | −HK$203.8m | −HK$41.9m | −HK$525.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$33.7m | HK$43.5m | HK$32.0m | HK$49.7m | HK$33.5m | HK$16.7m | HK$21.6m | HK$10.8m |
| Gross profit | HK$8.9m | HK$13.2m | HK$7.5m | HK$10.0m | HK$4.7m | HK$2.3m | HK$4.4m | HK$2.2m |
| Operating income | −HK$8.3m | −HK$64.6m | −HK$15.1m | −HK$13.2m | −HK$7.2m | −HK$3.6m | −HK$29.2m | −HK$14.6m |
| Net income | HK$1.8m | −HK$42.2m | −HK$5.2m | HK$1.8m | −HK$9.1m | −HK$4.5m | −HK$29.4m | −HK$14.7m |
| Diluted earnings per share | 0.00 | -0.07 | -0.01 | 0.00 | -0.01 | -0.00 | -0.05 | -0.00 |
| Cash from operations | −HK$87.0m | HK$2.0m | −HK$95.0m | −HK$17.0m | −HK$26.0m | — | −HK$21.0m | — |
| Capital spending | −HK$7.0m | −HK$8.0m | −HK$5.0m | −HK$58.0m | −HK$11.0m | — | −HK$3.0m | — |
| Free cash flow | −HK$94.0m | −HK$6.0m | −HK$100.0m | −HK$75.0m | −HK$37.0m | — | −HK$24.0m | — |
| Total assets | HK$2.95bn | HK$3.20bn | HK$1.83bn | HK$1.83bn | HK$1.81bn | HK$1.81bn | HK$1.98bn | HK$1.98bn |
| Cash and short-term investments | HK$83.2m | HK$152.6m | HK$138.3m | HK$263.5m | HK$322.6m | HK$344.7m | HK$165.0m | HK$189.8m |
| Debt | HK$84.9m | HK$69.3m | HK$80.6m | HK$93.6m | HK$113.6m | HK$113.6m | HK$118.9m | HK$118.9m |
| Shareholders' equity | HK$2.49bn | HK$2.73bn | HK$1.56bn | HK$1.49bn | HK$1.47bn | HK$1.47bn | HK$1.62bn | HK$1.62bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.8% | 4.4% | -0.5% |
| Operating income | 19.9% | -17.6% | -3.6% |
| Net income | 5.3% | -30.6% | -11.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.3% | 27.1% | 28.1% | 45.2% |
| Operating margin | -63.0% | -61.4% | -96.8% | -79.6% |
| Net margin | -34.5% | -50.2% | -110.4% | -24.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.0 | -86.1 | -10.6 | -30.3 | -416.5 | -59.6 | -67.3 | — | 264.5 | -802.2 |
| Price to sales | 17.0 | 7.5 | 13.7 | 10.8 | 328.0 | 288.5 | 194.3 | 497.2 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Dec 1997.
| FY1998 | FY1997 | |
|---|---|---|
| Paid in the year | 560.00 | 583.333 |
- 10-to-1 reverse split · 31 Jan 2024
- 12-for-7 split · 30 Mar 2012
- 20-to-1 reverse split · 29 Mar 2012
- 10-to-1 reverse split · 17 Nov 2008
- 20-to-1 reverse split · 11 Apr 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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