N 
0.50
-15.25%
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$98.6m
FY2015FY2024
Net income
−HK$127.6m
FY2015FY2024
Free cash flow
HK$58.7m
FY2015FY2024
Shareholders' equity
HK$327.9m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$98.6m | HK$172.9m | HK$180.2m | HK$197.8m | HK$46.8m | HK$48.5m | HK$91.8m | HK$39.1m | HK$35.0m | HK$39.1m |
| Operating income | −HK$127.6m | −HK$17.8m | −HK$80.5m | −HK$45.0m | −HK$17.0m | HK$1.3m | −HK$27.4m | HK$8.4m | HK$6.9m | HK$13.2m |
| Net income | −HK$127.6m | −HK$125.9m | −HK$76.2m | −HK$64.4m | −HK$27.9m | −HK$1.1m | HK$13.8m | HK$23.3m | HK$1.3m | HK$3.7m |
| Diluted earnings per share | -1.09 | -1.39 | -0.88 | -0.74 | -0.34 | -0.02 | 0.20 | 0.35 | 0.02 | 0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.61bn | HK$1.73bn | HK$1.97bn | HK$2.29bn | HK$1.93bn | HK$1.56bn | HK$1.26bn | HK$1.10bn | HK$980.3m | HK$1.11bn |
| Cash and short-term investments | HK$70.3m | HK$36.8m | HK$33.1m | HK$42.0m | HK$78.0m | HK$45.7m | HK$107.2m | HK$93.6m | HK$77.7m | HK$201.3m |
| Total liabilities | HK$1.28bn | HK$1.32bn | HK$1.42bn | HK$1.58bn | HK$1.16bn | HK$844.6m | HK$572.0m | HK$440.8m | HK$377.1m | HK$485.6m |
| Debt | HK$674.1m | HK$700.5m | HK$736.8m | HK$864.7m | HK$540.8m | HK$390.3m | HK$364.3m | HK$239.8m | HK$200.1m | HK$212.0m |
| Shareholders' equity | HK$327.9m | HK$406.1m | HK$544.2m | HK$706.4m | HK$770.6m | HK$714.8m | HK$689.4m | HK$663.3m | HK$603.3m | HK$628.9m |
| Shares outstanding | 117m | 91m | 87m | 87m | 82m | 72m | 68m | 66m | 66m | 2,784m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$62.6m | HK$111.0m | HK$175.7m | −HK$263.1m | −HK$76.3m | −HK$76.0m | −HK$7.3m | −HK$17.5m | −HK$110.4m | −HK$41.6m |
| Capital spending | −HK$3.9m | −HK$6.0m | −HK$14,000 | −HK$8.1m | −HK$2.0m | −HK$2.7m | −HK$18.2m | −HK$2.3m | −HK$360,000 | −HK$78,000 |
| Free cash flow | HK$58.7m | HK$105.0m | HK$175.7m | −HK$271.2m | −HK$78.3m | −HK$78.7m | −HK$25.5m | −HK$19.8m | −HK$110.8m | −HK$41.7m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$28.3m | HK$42.1m | HK$56.5m | HK$82.4m | HK$90.5m | HK$102.2m | HK$78.0m | HK$107.4m |
| Operating income | −HK$5.9m | −HK$85.9m | −HK$6.4m | −HK$186.5m | HK$2.7m | −HK$86.9m | −HK$1.7m | −HK$53.7m |
| Net income | −HK$5.4m | −HK$116.9m | −HK$10.7m | −HK$117.3m | −HK$8.7m | −HK$63.0m | −HK$13.3m | −HK$59.4m |
| Diluted earnings per share | -0.04 | -1.00 | -0.09 | -1.23 | -0.10 | -0.73 | -0.15 | -0.69 |
| Total assets | HK$1.65bn | HK$1.61bn | HK$1.69bn | HK$1.73bn | HK$1.95bn | HK$1.97bn | HK$2.26bn | HK$2.29bn |
| Cash and short-term investments | HK$63.1m | HK$70.3m | HK$38.5m | HK$36.8m | HK$35.0m | HK$33.1m | HK$46.5m | HK$42.0m |
| Debt | HK$662.5m | HK$253.2m | HK$552.3m | HK$444.5m | HK$592.2m | HK$664.6m | HK$792.4m | HK$843.6m |
| Shareholders' equity | HK$289.0m | HK$327.9m | HK$360.9m | HK$406.1m | HK$529.0m | HK$544.2m | HK$688.9m | HK$706.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.7% | 15.3% | 8.5% |
| Operating income | 41.5% | — | — |
| Net income | 25.6% | 160.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -53.6% | -41.7% | -38.5% | -26.9% |
| Net margin | -93.4% | -60.7% | -56.8% | -35.1% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.2 | -0.3 | -0.8 | -3.0 | -85.2 | 10.8 | 2.4 | 54.3 | — |
| Price to sales | 0.7 | 0.2 | 0.1 | 0.3 | 1.8 | 1.9 | 1.6 | 1.4 | 2.0 | 73.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jun 1996.
- 50-to-1 reverse split · 8 Apr 2022
- 3-for-1 split · 16 Jan 2012
- 4-to-1 reverse split · 13 Jan 2012
- 4-to-1 reverse split · 25 Jun 1996
- 8-for-5 split · 13 Jun 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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