E 
0.02
—
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$480.6m
FY2016FY2025
Net income
−HK$141.6m
FY2016FY2025
Free cash flow
HK$16.0m
FY2016FY2025
Shareholders' equity
—
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$480.6m | HK$494.5m | HK$456.2m | HK$306.7m | HK$192.9m | HK$126.2m | HK$145.8m | HK$91.2m | HK$44.9m | HK$24.3m |
| Operating income | −HK$55.4m | −HK$173.1m | −HK$207.9m | −HK$188.1m | −HK$178.6m | −HK$218.3m | −HK$84.8m | −HK$63.0m | −HK$36.4m | −HK$27.7m |
| Net income | −HK$141.6m | −HK$715.1m | −HK$329.9m | −HK$201.4m | −HK$219.8m | −HK$342.2m | −HK$126.4m | −HK$153.8m | −HK$62.3m | −HK$106.0m |
| Diluted earnings per share | -0.04 | -0.22 | -0.10 | -0.06 | -0.07 | -0.11 | -0.04 | -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$1.40bn | HK$1.81bn | HK$1.73bn | HK$1.72bn | HK$700.3m | HK$902.6m | HK$1.05bn | HK$827.8m |
| Cash and short-term investments | — | — | HK$82.0m | HK$123.3m | HK$62.3m | HK$47.8m | HK$337.2m | HK$284.9m | HK$505.1m | HK$461.9m |
| Total liabilities | — | — | HK$1.97bn | HK$2.04bn | HK$1.63bn | HK$1.42bn | HK$76.8m | HK$149.9m | HK$149.8m | HK$51.7m |
| Debt | — | — | HK$1.68bn | HK$1.84bn | HK$1.49bn | HK$1.30bn | — | — | — | — |
| Shareholders' equity | — | — | −HK$568.3m | −HK$233.5m | HK$96.9m | HK$293.7m | HK$623.5m | HK$752.7m | HK$904.2m | HK$776.2m |
| Shares outstanding | 3,213m | 3,213m | 3,213m | 3,213m | 3,213m | 3,213m | 3,213m | 3,213m | 2,487m | 2,213m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$46.4m | −HK$12.9m | HK$69.8m | −HK$7.8m | −HK$2.1m | HK$112.5m | −HK$33.3m | −HK$6.8m | −HK$63.9m | −HK$45.0m |
| Capital spending | −HK$30.4m | −HK$42.3m | −HK$30.8m | −HK$56.5m | −HK$73.2m | −HK$346.1m | −HK$110.7m | −HK$183.1m | −HK$22.5m | −HK$11.6m |
| Free cash flow | HK$16.0m | −HK$55.2m | HK$39.0m | −HK$64.4m | −HK$75.3m | −HK$233.5m | −HK$143.9m | −HK$189.9m | −HK$86.4m | −HK$56.6m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$237.5m | HK$243.1m | HK$227.4m | HK$267.2m | HK$244.0m | HK$212.2m | HK$125.7m | HK$181.0m |
| Operating income | −HK$22.1m | −HK$33.3m | −HK$85.3m | −HK$85.1m | −HK$154.5m | −HK$95.2m | −HK$175.1m | −HK$62.4m |
| Net income | −HK$84.8m | −HK$56.8m | −HK$571.9m | −HK$143.2m | −HK$188.1m | −HK$141.8m | −HK$106.0m | −HK$95.4m |
| Diluted earnings per share | -0.03 | -0.02 | -0.18 | -0.04 | -0.06 | -0.04 | -0.03 | -0.03 |
| Total assets | — | — | HK$838.8m | HK$1.33bn | HK$1.40bn | HK$1.50bn | HK$1.81bn | HK$1.79bn |
| Cash and short-term investments | — | — | HK$84.6m | HK$65.0m | HK$82.0m | HK$86.2m | HK$123.3m | HK$140.9m |
| Debt | — | — | HK$1.68bn | HK$1.58bn | HK$1.51bn | HK$1.49bn | HK$1.66bn | HK$1.48bn |
| Shareholders' equity | — | — | −HK$1.29bn | −HK$710.5m | −HK$568.3m | −HK$381.8m | −HK$233.5m | HK$6.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.2% | 30.7% | 18.9% |
| Operating income | -33.5% | -24.0% | 23.8% |
| Net income | -11.1% | -16.2% | 6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -23.4% | -35.9% | -49.6% | -50.6% |
| Net margin | -87.9% | -79.9% | -94.8% | -101.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.8 | -0.2 | -0.4 | -0.3 | -0.5 | -0.4 | -1.3 | -1.8 | -6.0 | -3.7 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.2 | 0.5 | 1.1 | 1.1 | 3.0 | 8.4 | 16.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Nov 1993.
- 10-to-1 reverse split · 8 May 2014
- 20-to-1 reverse split · 7 Jan 2010
- 100-to-1 reverse split · 1 Nov 2006
- 40-to-1 reverse split · 20 Dec 2004
- 10-for-1 split · 6 Apr 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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