T 
0.15
—
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$669.5m
FY2016FY2025
Net income
−HK$9.9m
FY2016FY2025
Free cash flow
−HK$47.4m
FY2016FY2025
Shareholders' equity
HK$392.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$669.5m | HK$516.8m | HK$753.2m | HK$588.3m | HK$460.4m | HK$709.0m | HK$965.9m | HK$998.1m | HK$971.0m | HK$1.05bn |
| Gross profit | HK$122.2m | HK$105.8m | HK$161.4m | HK$112.0m | HK$98.5m | HK$141.6m | HK$180.2m | HK$217.9m | HK$155.9m | HK$226.0m |
| Operating income | −HK$12.7m | −HK$19.6m | HK$24.2m | −HK$31.6m | −HK$54.9m | −HK$59.8m | −HK$71.3m | −HK$66.6m | −HK$119.0m | −HK$64.0m |
| Net income | −HK$9.9m | −HK$12.8m | HK$19.7m | −HK$26.1m | HK$256.0m | −HK$83.6m | −HK$94.1m | −HK$46.5m | −HK$119.6m | −HK$65.5m |
| Diluted earnings per share | -0.02 | -0.03 | 0.04 | -0.06 | 0.57 | -0.18 | -0.20 | -0.10 | -0.28 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$552.7m | HK$557.8m | HK$559.0m | HK$621.0m | HK$618.3m | HK$503.5m | HK$619.9m | HK$800.2m | HK$757.6m | HK$837.2m |
| Cash and short-term investments | HK$136.6m | HK$168.2m | HK$184.6m | HK$187.6m | HK$278.1m | HK$113.9m | HK$137.2m | HK$149.0m | HK$224.2m | HK$186.3m |
| Total liabilities | HK$160.5m | HK$158.3m | HK$142.0m | HK$215.7m | HK$186.7m | HK$238.1m | HK$265.0m | HK$323.9m | HK$284.5m | HK$271.4m |
| Debt | HK$76.2m | HK$57.6m | HK$63.6m | HK$99.6m | HK$108.9m | HK$156.5m | HK$143.6m | HK$145.9m | HK$126.4m | HK$93.6m |
| Shareholders' equity | HK$392.2m | HK$399.4m | HK$416.9m | HK$405.3m | HK$431.6m | HK$265.4m | HK$354.9m | HK$476.3m | HK$473.1m | HK$565.8m |
| Shares outstanding | 451m | 451m | 451m | 451m | 451m | 461m | 464m | 464m | 423m | 422m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$44.3m | −HK$17.7m | HK$47.5m | −HK$37.1m | −HK$13.2m | −HK$8.4m | −HK$20.8m | −HK$98.8m | −HK$57.1m | −HK$61.8m |
| Capital spending | −HK$3.1m | −HK$2.2m | −HK$1.8m | −HK$43.9m | −HK$2.8m | −HK$8.9m | −HK$11.1m | −HK$9.9m | −HK$10.5m | −HK$18.4m |
| Free cash flow | −HK$47.4m | −HK$19.9m | HK$45.7m | −HK$81.0m | −HK$16.1m | −HK$17.2m | −HK$31.9m | −HK$108.7m | −HK$67.6m | −HK$80.2m |
| Dividends paid | −HK$2.3m | −HK$2.3m | −HK$2.3m | −HK$6.8m | −HK$117.8m | — | — | — | — | −HK$4.2m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$279.6m | HK$346.1m | HK$323.3m | HK$279.3m | HK$237.5m | HK$118.8m | HK$337.8m | HK$168.9m |
| Gross profit | HK$54.2m | HK$70.4m | HK$51.9m | HK$61.0m | HK$44.8m | HK$22.4m | HK$81.1m | HK$40.5m |
| Operating income | −HK$6.1m | HK$7.6m | −HK$14.0m | −HK$724,000 | −HK$12.6m | −HK$10.1m | HK$16.7m | HK$5.2m |
| Net income | −HK$7.6m | HK$4.9m | −HK$14.8m | −HK$1.8m | −HK$11.0m | −HK$5.8m | HK$13.6m | HK$6.5m |
| Diluted earnings per share | -0.02 | 0.01 | -0.03 | -0.00 | -0.02 | -0.01 | 0.03 | 0.02 |
| Total assets | HK$523.2m | HK$552.7m | HK$570.4m | HK$557.8m | HK$535.3m | HK$535.3m | HK$559.0m | HK$559.0m |
| Cash and short-term investments | HK$147.0m | HK$136.6m | HK$157.9m | HK$168.2m | HK$182.1m | HK$182.1m | HK$184.6m | HK$184.6m |
| Debt | HK$55.6m | HK$74.5m | HK$75.4m | HK$52.9m | HK$49.0m | HK$49.0m | HK$59.3m | HK$59.3m |
| Shareholders' equity | HK$383.8m | HK$392.2m | HK$382.7m | HK$399.4m | HK$399.4m | HK$386.6m | HK$416.9m | HK$404.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.4% | -1.1% | -6.3% |
| Operating income | -26.3% | -26.7% | -11.3% |
| Net income | -27.5% | -34.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.2% | 19.8% | 20.1% | 19.9% |
| Operating margin | -2.7% | -1.6% | -4.2% | -5.8% |
| Net margin | -1.9% | -1.2% | 3.9% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.8 | -6.0 | 5.5 | -4.4 | 0.6 | -2.2 | -1.8 | -4.5 | -2.3 | -4.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 5 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.005 | 0.01 | 0.005 | 0.015 | 0.039 | 0.011 | 0.01 |
- 11-for-10 split · 17 Sept 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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