D 
0.16
-0.62%
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$625.8m
FY2015FY2024
Net income
−HK$300.3m
FY2015FY2024
Free cash flow
−HK$281.2m
FY2015FY2024
Shareholders' equity
—
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$625.8m | HK$736.5m | HK$958.7m | HK$864.2m | HK$601.3m | HK$548.1m | HK$600.7m | HK$703.0m | HK$763.5m | HK$527.3m |
| Gross profit | HK$127.4m | HK$120.2m | HK$216.9m | HK$124.0m | HK$64.7m | HK$79.1m | HK$53.0m | HK$81.8m | HK$124.3m | HK$84.2m |
| Operating income | −HK$260.0m | −HK$284.6m | −HK$169.2m | −HK$153.2m | −HK$263.0m | −HK$349.9m | −HK$498.8m | −HK$521.1m | −HK$447.6m | −HK$181.8m |
| Net income | −HK$300.3m | −HK$394.6m | −HK$206.3m | −HK$722.0m | −HK$598.5m | −HK$400.8m | −HK$518.0m | −HK$524.9m | −HK$479.4m | −HK$156.3m |
| Diluted earnings per share | -0.04 | -0.06 | -0.05 | -0.17 | -0.16 | -0.12 | -0.20 | -0.25 | -0.41 | -0.16 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | HK$1.03bn | HK$1.20bn | HK$1.50bn | HK$2.18bn | HK$2.22bn | HK$1.89bn | HK$1.92bn | HK$1.54bn |
| Cash and short-term investments | — | — | HK$153.6m | HK$247.8m | HK$113.9m | HK$325.4m | HK$75.9m | HK$225.3m | HK$465.8m | HK$344.7m |
| Total liabilities | — | — | HK$653.9m | HK$614.2m | HK$655.8m | HK$748.5m | HK$993.4m | HK$515.6m | HK$897.1m | HK$866.9m |
| Debt | — | — | HK$442.4m | HK$367.3m | HK$411.2m | HK$439.0m | HK$579.8m | HK$295.8m | HK$693.8m | HK$694.2m |
| Shareholders' equity | — | — | HK$375.8m | HK$585.9m | HK$841.4m | HK$1.43bn | HK$1.23bn | HK$1.38bn | HK$1.02bn | HK$673.4m |
| Shares outstanding | 7,960m | 6,093m | 4,329m | 4,171m | 3,626m | 3,401m | 2,628m | 2,136m | 1,170m | 994m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$238.4m | −HK$130.6m | −HK$55.2m | −HK$83.0m | −HK$73.0m | −HK$235.6m | −HK$448.1m | −HK$395.8m | −HK$379.7m | −HK$74.6m |
| Capital spending | −HK$42.8m | −HK$39.4m | −HK$39.4m | −HK$96.1m | −HK$163.4m | −HK$87.8m | −HK$82.8m | −HK$205.0m | −HK$68.9m | −HK$55.1m |
| Free cash flow | −HK$281.2m | −HK$170.0m | −HK$94.5m | −HK$179.1m | −HK$236.5m | −HK$323.4m | −HK$530.9m | −HK$600.8m | −HK$448.6m | −HK$129.7m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$416.5m | HK$360.9m | HK$264.9m | HK$321.9m | HK$414.6m | HK$207.3m | HK$475.9m | HK$238.0m |
| Gross profit | HK$88.9m | HK$88.9m | HK$38.5m | HK$48.4m | HK$71.8m | HK$35.9m | HK$146.3m | HK$73.1m |
| Operating income | −HK$58.0m | −HK$116.4m | −HK$117.8m | −HK$36.6m | −HK$240.8m | −HK$145.4m | −HK$63.2m | −HK$50.6m |
| Net income | −HK$88.2m | −HK$190.8m | −HK$109.4m | −HK$197.0m | −HK$197.6m | −HK$135.8m | −HK$87.9m | −HK$44.4m |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | -0.03 | -0.04 | -0.02 | -0.02 | -0.01 |
| Total assets | — | — | — | HK$1.25bn | HK$1.26bn | HK$1.26bn | HK$1.03bn | HK$1.03bn |
| Cash and short-term investments | — | — | — | HK$635.9m | HK$484.5m | HK$367.5m | HK$153.6m | HK$37.2m |
| Debt | — | — | — | HK$304.2m | HK$330.4m | HK$330.4m | HK$268.4m | HK$268.4m |
| Shareholders' equity | — | — | — | HK$671.5m | HK$629.9m | HK$472.4m | HK$375.8m | HK$293.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.2% | 2.7% | -3.0% |
| Operating income | 19.3% | -5.8% | 20.2% |
| Net income | -25.4% | -5.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.2% | 18.5% | 16.9% | 15.7% |
| Operating margin | -40.0% | -27.2% | -34.1% | -40.8% |
| Net margin | -51.0% | -51.0% | -60.5% | -54.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.1 | -4.6 | -7.2 | -3.7 | -5.3 | -6.0 | -5.2 | -7.1 | -11.8 | -32.4 |
| Price to sales | 6.3 | 2.5 | 1.6 | 3.1 | 5.3 | 4.4 | 4.5 | 5.3 | 7.4 | 9.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Aug 2006.
| FY2006 | |
|---|---|
| Paid in the year | 0.001 |
- 10-to-1 reverse split · 11 Oct 2021
- 10-for-1 split · 6 Dec 2007
- 100-to-1 reverse split · 13 Dec 2005
- 11-for-10 split · 13 Jun 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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