E 
0.68
+4.65%
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$3.0m
FY2016FY2025
Net income
−HK$372.0m
FY2016FY2025
Free cash flow
−HK$9.3m
FY2016FY2025
Shareholders' equity
HK$872.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$3.0m | HK$42.2m | HK$36.3m | HK$49.9m | HK$23.8m | HK$5.1m | HK$3.0m | HK$59.6m | HK$126.1m | HK$330.2m |
| Research and development | — | — | HK$288,000 | HK$8.1m | — | — | — | — | — | — |
| Operating income | −HK$65.2m | −HK$81.2m | −HK$111.8m | −HK$108.0m | −HK$108.4m | −HK$104.6m | −HK$151.1m | −HK$168.6m | −HK$135.4m | −HK$111.6m |
| Net income | −HK$372.0m | −HK$319.3m | −HK$81.2m | −HK$408.3m | −HK$780.5m | −HK$146.8m | −HK$156.6m | −HK$321.9m | −HK$118.4m | −HK$120.1m |
| Diluted earnings per share | -1.93 | -1.72 | -0.45 | -2.32 | -1.07 | -0.02 | -0.03 | -0.05 | -0.03 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$977.0m | HK$1.35bn | HK$1.71bn | HK$2.01bn | HK$2.24bn | HK$2.76bn | HK$3.08bn | HK$3.35bn | HK$3.36bn | HK$3.47bn |
| Cash and short-term investments | HK$8.4m | HK$40.9m | HK$86.8m | HK$47.4m | HK$69.0m | HK$83.7m | HK$131.7m | HK$94.3m | HK$203.8m | HK$155.9m |
| Total liabilities | HK$104.4m | HK$105.0m | HK$50.9m | HK$157.9m | HK$135.8m | HK$121.2m | HK$161.2m | HK$175.5m | HK$168.3m | HK$186.1m |
| Debt | HK$18.7m | HK$29.0m | HK$26.4m | HK$22.3m | HK$11.3m | HK$5.0m | — | HK$6.2m | HK$11.3m | HK$12.0m |
| Shareholders' equity | HK$872.6m | HK$1.25bn | HK$1.66bn | HK$1.85bn | HK$2.11bn | HK$2.63bn | HK$2.91bn | HK$3.18bn | HK$3.19bn | HK$3.28bn |
| Shares outstanding | 193m | 186m | 182m | 176m | 731m | 6,884m | 5,110m | 4,682m | 3,923m | 3,697m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$7.6m | HK$3.7m | −HK$13.5m | −HK$93.2m | −HK$53.3m | −HK$56.6m | −HK$88.3m | −HK$43.3m | −HK$72.7m | −HK$108.8m |
| Capital spending | −HK$1.7m | −HK$1.3m | — | −HK$2.1m | −HK$2.5m | −HK$3.2m | −HK$6.0m | −HK$30.1m | −HK$26.1m | −HK$42.3m |
| Free cash flow | −HK$9.3m | HK$2.4m | −HK$13.5m | −HK$95.2m | −HK$55.8m | −HK$59.8m | −HK$94.4m | −HK$73.4m | −HK$98.8m | −HK$151.1m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.3m | HK$856,000 | HK$2.2m | HK$6.7m | HK$35.6m | HK$35.6m | HK$781,000 | HK$20.2m |
| Operating income | −HK$14.9m | −HK$47.8m | −HK$17.3m | −HK$75.0m | −HK$6.1m | −HK$80.7m | −HK$31.1m | −HK$55.7m |
| Net income | −HK$16.2m | −HK$330.8m | −HK$41.2m | −HK$220.0m | −HK$99.3m | −HK$42.9m | −HK$38.3m | −HK$358.7m |
| Diluted earnings per share | -0.07 | -1.72 | -1.11 | -1.19 | -0.54 | -0.23 | -0.04 | -0.40 |
| Cash from operations | −HK$20.0m | — | −HK$7.0m | −HK$6.0m | HK$9.0m | −HK$9.0m | −HK$3.0m | −HK$36.0m |
| Capital spending | — | −HK$1.0m | — | −HK$1.0m | — | — | — | — |
| Free cash flow | — | — | — | −HK$7.0m | — | — | — | — |
| Total assets | HK$1.01bn | HK$977.0m | HK$1.34bn | HK$1.35bn | HK$1.52bn | HK$1.71bn | HK$1.77bn | HK$2.01bn |
| Cash and short-term investments | HK$20.2m | HK$8.4m | HK$5.3m | HK$40.9m | HK$29.3m | HK$86.8m | HK$34.8m | HK$47.4m |
| Debt | HK$1.8m | HK$4.8m | HK$4.9m | HK$2.2m | HK$745,000 | HK$10.7m | HK$15.3m | HK$15.4m |
| Shareholders' equity | HK$913.2m | HK$872.6m | HK$1.24bn | HK$1.25bn | HK$1.45bn | HK$1.66bn | HK$1.63bn | HK$1.85bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -60.8% | -9.9% | -16.8% |
| Operating income | -15.5% | -9.0% | -1.8% |
| Net income | -3.1% | 20.4% | 22.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -323.4% | -278.4% | -361.0% | -175.3% |
| Net margin | -1527.8% | -897.7% | -1314.2% | -411.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.2 | -1.4 | -0.7 | -4.5 | -274.2 | -161.5 | -71.3 | -281.6 | -423.2 |
| Price to sales | 48.6 | 1.6 | 3.1 | 6.0 | 149.1 | — | — | 385.1 | 264.4 | 153.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Sept 1997.
- 5-to-1 reverse split · 13 Nov 2024
- 10-to-1 reverse split · 13 Oct 2023
- 200-to-1 reverse split · 6 Jan 2004
- 1.05-for-1 split · 14 Jul 1998
- 3-for-1 split · 18 Sept 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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