S 
0.40
—
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$648.7m
FY2015FY2024
Net income
−HK$30.6m
FY2015FY2024
Free cash flow
HK$27.3m
FY2015FY2024
Shareholders' equity
−HK$64.4m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$648.7m | HK$562.0m | HK$746.0m | HK$926.5m | HK$863.6m | HK$1.07bn | HK$1.28bn | HK$1.54bn | HK$1.80bn | HK$1.63bn |
| Gross profit | HK$64.2m | HK$73.6m | HK$79.7m | HK$121.2m | HK$118.9m | HK$180.2m | HK$147.7m | HK$76.7m | HK$183.2m | HK$178.7m |
| Research and development | HK$22.9m | HK$26.1m | HK$22.9m | HK$27.4m | HK$32.3m | HK$35.2m | HK$31.5m | HK$37.2m | HK$41.6m | HK$46.1m |
| Operating income | −HK$68.6m | −HK$46.9m | −HK$5.7m | −HK$13.0m | −HK$25.2m | −HK$412.4m | −HK$40.7m | −HK$140.5m | −HK$117.0m | −HK$98.5m |
| Net income | −HK$30.6m | −HK$126.6m | −HK$77.5m | −HK$25.4m | −HK$12.6m | −HK$315.5m | −HK$187.4m | −HK$105.8m | −HK$77.7m | −HK$103.2m |
| Diluted earnings per share | -0.02 | -0.15 | -0.15 | -0.06 | -0.04 | -0.95 | -0.56 | -0.45 | -0.53 | -0.09 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$860.3m | HK$846.8m | HK$866.9m | HK$1.02bn | HK$896.5m | HK$1.03bn | HK$1.10bn | HK$1.29bn | HK$1.32bn | HK$1.28bn |
| Cash and short-term investments | HK$64.6m | HK$69.4m | HK$79.2m | HK$111.4m | HK$88.9m | HK$66.8m | HK$72.7m | HK$132.4m | HK$76.1m | HK$93.2m |
| Total liabilities | HK$924.7m | HK$905.1m | HK$892.6m | HK$961.8m | HK$882.1m | HK$1.03bn | HK$768.4m | HK$803.4m | HK$946.1m | HK$936.2m |
| Debt | HK$398.1m | HK$421.6m | HK$370.5m | HK$390.9m | HK$421.2m | HK$464.9m | HK$466.4m | HK$402.4m | HK$402.8m | HK$363.3m |
| Shareholders' equity | −HK$64.4m | −HK$58.4m | −HK$25.8m | HK$55.3m | HK$14.4m | HK$4.6m | HK$327.9m | HK$484.4m | HK$376.6m | HK$346.6m |
| Shares outstanding | 1,230m | 858m | 511m | 418m | 345m | 330m | 330m | 237m | 146m | 1,101m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$46.0m | −HK$77.2m | HK$6.4m | HK$6.4m | HK$75.0m | HK$1.3m | −HK$207.0m | −HK$162.8m | −HK$263.5m | −HK$165.5m |
| Capital spending | −HK$18.7m | −HK$13.0m | −HK$7.6m | −HK$7.4m | −HK$7.0m | −HK$13.5m | −HK$13.6m | −HK$36.0m | −HK$33.3m | −HK$31.6m |
| Free cash flow | HK$27.3m | −HK$90.2m | −HK$1.2m | −HK$995,000 | HK$68.0m | −HK$12.3m | −HK$220.6m | −HK$198.8m | −HK$296.7m | −HK$197.1m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$225.3m | HK$336.6m | HK$312.1m | HK$266.7m | HK$295.3m | HK$306.4m | HK$439.6m | HK$372.0m |
| Gross profit | HK$26.1m | HK$36.9m | HK$27.3m | HK$30.8m | HK$42.8m | HK$35.9m | HK$43.8m | HK$63.2m |
| Operating income | −HK$19.8m | −HK$37.7m | −HK$29.1m | −HK$44.0m | −HK$3.3m | −HK$9.7m | HK$3.8m | −HK$4.5m |
| Net income | −HK$40.2m | −HK$48.6m | HK$18.0m | −HK$77.8m | −HK$48.8m | −HK$57.4m | −HK$20.1m | −HK$25.5m |
| Diluted earnings per share | -0.03 | -0.04 | 0.01 | -0.06 | -0.10 | -0.11 | -0.04 | -0.05 |
| Total assets | HK$890.0m | HK$860.3m | HK$1.01bn | HK$846.8m | HK$978.3m | HK$866.9m | HK$1.12bn | HK$1.02bn |
| Cash and short-term investments | HK$78.5m | HK$64.6m | HK$53.3m | HK$69.4m | HK$186.6m | HK$79.2m | HK$84.2m | HK$111.4m |
| Debt | HK$174.0m | HK$179.1m | HK$191.0m | HK$334.4m | HK$147.7m | HK$95.5m | HK$31.3m | HK$241.8m |
| Shareholders' equity | −HK$115.6m | −HK$64.4m | −HK$51.3m | −HK$58.4m | −HK$76.0m | −HK$25.8m | HK$35.4m | HK$55.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.2% | -9.5% | -1.9% |
| Operating income | 74.1% | -30.2% | -8.0% |
| Net income | 6.3% | -37.3% | -19.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.4% | 11.7% | 13.2% | 11.1% |
| Operating margin | -9.5% | -4.7% | -11.9% | -9.5% |
| Net margin | -13.0% | -9.0% | -12.2% | -11.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.1 | -0.5 | -1.1 | -4.6 | -9.2 | -0.8 | -1.2 | -2.5 | -3.1 | -46.7 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Nov 2010.
| FY2011 | FY2010 | FY2009 | FY2006 | |
|---|---|---|---|---|
| Paid in the year | 0.273 | 0.373 | 0.055 | 0.627 |
- 10-to-1 reverse split · 25 Mar 2026
- 10-to-1 reverse split · 11 Jun 2021
- 11-for-10 split · 8 Dec 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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