N 
0.12
+0.88%
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$33.8m
FY2016FY2025
Net income
HK$9.0m
FY2016FY2025
Free cash flow
−HK$39.7m
FY2016FY2025
Shareholders' equity
HK$790.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$33.8m | HK$41.1m | HK$93.7m | HK$254.0m | HK$248.4m | HK$17.0m | HK$3.7m | HK$14.3m | HK$7.6m |
| Research and development | HK$2.0m | HK$93,000 | — | — | — | — | — | — | — |
| Operating income | −HK$14.9m | −HK$7.8m | HK$5.8m | HK$16.6m | −HK$85.3m | −HK$87.8m | −HK$24.2m | −HK$1.4m | −HK$5.4m |
| Net income | HK$9.0m | −HK$50.6m | −HK$43.4m | −HK$60.2m | −HK$255.1m | −HK$77.8m | HK$10.6m | HK$291.0m | HK$370.0m |
| Diluted earnings per share | 0.00 | -0.02 | -0.02 | -0.02 | -0.10 | -0.03 | 0.00 | 0.14 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.27bn | HK$1.27bn | HK$1.30bn | HK$1.65bn | HK$1.89bn | HK$2.36bn | HK$2.19bn | HK$1.96bn | HK$961.5m |
| Cash and short-term investments | HK$110.6m | HK$172.5m | HK$167.8m | HK$497.9m | HK$603.0m | HK$816.7m | HK$488.9m | HK$393.9m | HK$495.2m |
| Total liabilities | HK$478.3m | HK$502.0m | HK$502.4m | HK$605.5m | HK$816.7m | HK$1.02bn | HK$758.0m | HK$711.2m | HK$5.3m |
| Debt | HK$178.2m | HK$200.0m | HK$210.1m | HK$293.3m | HK$273.3m | HK$390.8m | HK$414.5m | HK$393.0m | — |
| Shareholders' equity | HK$790.7m | HK$771.7m | HK$797.5m | HK$1.05bn | HK$1.07bn | HK$1.34bn | HK$1.43bn | HK$1.25bn | HK$956.2m |
| Shares outstanding | 3,055m | 2,873m | 2,505m | 2,505m | 2,505m | 2,505m | 2,428m | 2,088m | 1,920m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$34.9m | −HK$7.0m | −HK$38.6m | −HK$91.9m | −HK$26.6m | HK$55.9m | −HK$110.9m | HK$21.0m | −HK$37.4m |
| Capital spending | −HK$4.9m | −HK$85,000 | −HK$32,000 | −HK$15,000 | −HK$25,000 | −HK$672,000 | −HK$36,000 | −HK$15,000 | −HK$335,000 |
| Free cash flow | −HK$39.7m | −HK$7.0m | −HK$38.6m | −HK$91.9m | −HK$26.6m | HK$55.2m | −HK$110.9m | HK$21.0m | −HK$37.7m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$19.3m | HK$14.5m | HK$18.7m | HK$22.3m | HK$23.1m | HK$12.3m | HK$70.6m | HK$36.3m |
| Operating income | −HK$7.3m | −HK$7.7m | −HK$1,000 | −HK$7.8m | −HK$6.4m | −HK$5.6m | HK$12.2m | HK$60,000 |
| Net income | HK$80.3m | −HK$71.2m | −HK$17.3m | −HK$33.4m | −HK$17.9m | −HK$9.1m | −HK$25.5m | −HK$12.8m |
| Diluted earnings per share | 0.03 | -0.02 | -0.01 | -0.01 | -0.01 | -0.00 | -0.01 | -0.01 |
| Total assets | HK$1.27bn | HK$1.17bn | HK$1.27bn | HK$1.28bn | HK$1.30bn | HK$1.30bn | HK$1.29bn | HK$1.29bn |
| Cash and short-term investments | HK$110.6m | HK$122.8m | HK$172.5m | HK$178.9m | HK$167.8m | HK$140.5m | HK$223.2m | HK$207.1m |
| Debt | HK$178.2m | HK$179.7m | HK$200.0m | HK$210.1m | HK$210.1m | HK$210.1m | HK$240.3m | HK$240.3m |
| Shareholders' equity | HK$790.7m | HK$697.4m | HK$771.7m | HK$796.9m | HK$797.5m | HK$802.1m | HK$825.5m | HK$825.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.8% | -32.9% | 29.0% |
| Operating income | 19.9% | -29.4% | -3.4% |
| Net income | — | — | 1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -30.4% | -14.2% | -13.8% | -32.2% |
| Net margin | -55.5% | -138.0% | -82.6% | 5.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 73.6 | -5.6 | -4.0 | -1.3 | -4.2 | -1.9 | -6.5 | 113.0 | 5.1 | 4.3 |
| Price to sales | 19.7 | 6.9 | 1.9 | 19.4 | 1.0 | 1.9 | 29.8 | 321.2 | 103.7 | 209.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Apr 1999.
| FY1999 | |
|---|---|
| Paid in the year | 0.028 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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