S 
0.03
+3.03%
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$51.4m
FY2015FY2024
Net income
HK$93.4m
FY2015FY2024
Free cash flow
−HK$11.6m
FY2015FY2024
Shareholders' equity
HK$977.4m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$51.4m | HK$101.9m | HK$114.8m | HK$151.1m | HK$363.8m | HK$1.15bn | HK$1.12bn | HK$589.9m | HK$564.8m | HK$1.01bn |
| Gross profit | HK$2.3m | HK$5.1m | HK$1.6m | HK$9.3m | HK$8.6m | HK$30.3m | HK$34.4m | HK$20.1m | HK$20.6m | HK$37.2m |
| Operating income | −HK$49.8m | −HK$41.8m | −HK$43.5m | −HK$33.0m | −HK$41.0m | −HK$51.5m | −HK$41.1m | −HK$61.5m | −HK$31.2m | −HK$39.0m |
| Net income | HK$93.4m | HK$169.3m | −HK$287.1m | HK$4.9m | −HK$141.9m | HK$74.2m | HK$54.5m | −HK$29.8m | −HK$31.0m | −HK$6.7m |
| Diluted earnings per share | 0.02 | 0.03 | -0.06 | 0.00 | -0.03 | 0.02 | 0.01 | 0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.45bn | HK$1.39bn | HK$1.27bn | HK$1.39bn | HK$1.39bn | HK$1.39bn | HK$1.38bn | HK$1.05bn | HK$1.19bn | HK$1.15bn |
| Cash and short-term investments | HK$305.5m | HK$245.8m | HK$240.7m | HK$316.4m | HK$286.8m | HK$98.8m | HK$50.7m | HK$149.7m | HK$64.5m | HK$81.8m |
| Total liabilities | HK$476.7m | HK$501.2m | HK$551.8m | HK$381.2m | HK$384.8m | HK$240.8m | HK$314.6m | HK$35.4m | HK$154.9m | HK$87.1m |
| Debt | HK$447.9m | HK$480.1m | HK$529.2m | HK$363.4m | HK$364.2m | HK$199.7m | HK$262.1m | HK$27.9m | HK$163.2m | HK$46.3m |
| Shareholders' equity | HK$977.4m | HK$887.4m | HK$719.4m | HK$1.01bn | HK$1.00bn | HK$1.14bn | HK$1.07bn | HK$1.01bn | HK$1.03bn | HK$1.07bn |
| Shares outstanding | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m | 4,926m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.4m | −HK$17.4m | −HK$22.3m | −HK$18.8m | −HK$19.1m | −HK$29.3m | −HK$142.4m | −HK$76.2m | −HK$55.1m | HK$17.8m |
| Capital spending | −HK$1.2m | −HK$138,000 | −HK$272,000 | −HK$10.8m | −HK$5.4m | −HK$2.5m | −HK$468,000 | −HK$251,000 | −HK$22.9m | −HK$2.3m |
| Free cash flow | −HK$11.6m | −HK$17.5m | −HK$22.6m | −HK$29.7m | −HK$24.5m | −HK$31.8m | −HK$142.8m | −HK$76.4m | −HK$78.0m | HK$15.4m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$29.0m | HK$18.9m | HK$32.5m | HK$33.5m | HK$68.4m | HK$60.2m | HK$54.5m | HK$115.7m |
| Gross profit | HK$8.9m | −HK$1.4m | HK$3.7m | −HK$4.2m | HK$9.3m | −HK$3.3m | HK$4.9m | HK$5.6m |
| Operating income | −HK$12.9m | −HK$29.1m | −HK$20.6m | −HK$29.2m | −HK$12.6m | −HK$28.3m | −HK$15.2m | −HK$16.1m |
| Net income | −HK$33.7m | HK$128.9m | −HK$35.5m | HK$15.5m | HK$153.8m | −HK$161.6m | −HK$125.5m | HK$57.6m |
| Diluted earnings per share | -0.01 | 0.03 | -0.01 | 0.00 | 0.03 | -0.03 | -0.03 | 0.01 |
| Total assets | HK$1.42bn | HK$1.45bn | HK$1.36bn | HK$1.39bn | HK$1.34bn | HK$1.27bn | HK$1.27bn | HK$1.39bn |
| Cash and short-term investments | HK$228.7m | HK$305.5m | HK$211.6m | HK$245.8m | HK$239.4m | HK$240.7m | HK$210.4m | HK$316.4m |
| Debt | HK$449.9m | HK$447.2m | HK$483.9m | HK$479.8m | HK$437.3m | HK$528.7m | HK$363.7m | HK$362.8m |
| Shareholders' equity | HK$945.3m | HK$977.4m | HK$850.8m | HK$887.4m | HK$873.4m | HK$719.4m | HK$881.9m | HK$1.01bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -30.2% | -46.3% | -27.6% |
| Operating income | 14.7% | -0.7% | — |
| Net income | 167.9% | 4.7% | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.8% | 4.4% | 3.0% | 3.9% |
| Operating margin | -59.7% | -40.1% | -13.5% | -6.6% |
| Net margin | 171.4% | -4.7% | -4.5% | -0.1% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.8 | 0.7 | -1.3 | 66.6 | -2.1 | 6.6 | 11.9 | -17.8 | -16.5 | -70.7 |
| Price to sales | 5.1 | 1.1 | 3.3 | 2.1 | 0.8 | 0.4 | 0.6 | 0.9 | 0.9 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2006.
| FY2006 | |
|---|---|
| Paid in the year | 0.001 |
- 10-to-1 reverse split · 2 Jun 2003
- 1-to-1 reverse split · 10 May 2001
- 5-for-1 split · 25 Jun 1997
- 4-to-1 reverse split · 30 Nov 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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