A 
3.67
-1.87%
Close of 9 Nov 2026, in HKD
Search any instrument
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$81.2m
FY2016FY2025
Net income
HK$41.9m
FY2016FY2025
Free cash flow
HK$17.8m
FY2016FY2025
Shareholders' equity
HK$35.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$81.2m | HK$111.2m | HK$143.2m | HK$184.6m | HK$188.6m | HK$159.5m | HK$211.8m | HK$199.2m | HK$185.4m | HK$140.0m |
| Operating income | HK$38.7m | HK$2.7m | −HK$111.4m | HK$83.7m | HK$96.5m | HK$81.1m | HK$136.9m | HK$123.8m | HK$110.5m | HK$84.4m |
| Net income | HK$41.9m | −HK$270.8m | −HK$683.4m | −HK$96.7m | −HK$178.3m | −HK$30.7m | HK$55.9m | HK$67.6m | HK$91.1m | HK$441.3m |
| Diluted earnings per share | 0.02 | -0.10 | -0.25 | -0.03 | -0.06 | -0.01 | 0.02 | 0.03 | 0.03 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$605.2m | HK$711.1m | HK$1.23bn | HK$2.30bn | HK$2.85bn | HK$3.15bn | HK$3.16bn | HK$3.16bn | HK$3.12bn | HK$3.18bn |
| Cash and short-term investments | HK$44.4m | HK$40.2m | HK$33.2m | HK$21.5m | HK$16.7m | HK$419.1m | HK$32.4m | HK$32.4m | HK$30.5m | HK$62.3m |
| Total liabilities | HK$569.9m | HK$719.1m | HK$964.7m | HK$1.29bn | HK$1.50bn | HK$1.74bn | HK$1.68bn | HK$1.68bn | HK$1.80bn | HK$1.90bn |
| Debt | HK$457.4m | HK$641.0m | HK$903.6m | HK$1.00bn | HK$1.01bn | HK$925.1m | HK$529.6m | HK$529.6m | HK$678.1m | HK$1.07bn |
| Shareholders' equity | HK$35.3m | −HK$7.9m | HK$268.4m | HK$1.01bn | HK$1.35bn | HK$1.40bn | HK$1.48bn | HK$1.48bn | HK$1.32bn | HK$1.27bn |
| Shares outstanding | 2,703m | 2,689m | 2,689m | 2,689m | 2,689m | 2,689m | 2,691m | 2,690m | 2,688m | 2,651m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$20.5m | HK$50.8m | HK$60.8m | HK$119.0m | −HK$167.6m | HK$76.5m | HK$117.8m | HK$133.0m | HK$83.0m | HK$197.8m |
| Capital spending | −HK$2.7m | −HK$70,000 | −HK$203,000 | −HK$8.3m | −HK$10.7m | −HK$6.5m | −HK$1.2m | −HK$1.6m | −HK$2.5m | −HK$11.7m |
| Free cash flow | HK$17.8m | HK$50.7m | HK$60.6m | HK$110.7m | −HK$178.4m | HK$70.1m | HK$116.5m | HK$131.4m | HK$80.5m | HK$186.1m |
| Dividends paid | — | −HK$2.7m | — | −HK$215.1m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Dec 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$38.2m | HK$47.0m | HK$40.8m | HK$70.3m | HK$68.4m | HK$74.8m | HK$90.2m | HK$94.4m |
| Operating income | −HK$20.2m | HK$26.4m | −HK$79.7m | HK$85.1m | −HK$89.4m | −HK$4.0m | HK$19.8m | HK$85.5m |
| Net income | −HK$65.8m | HK$26.6m | −HK$232.5m | −HK$38.3m | −HK$292.3m | −HK$391.2m | −HK$122.1m | HK$25.5m |
| Diluted earnings per share | -0.03 | 0.01 | -0.09 | -0.01 | -0.11 | -0.15 | -0.05 | 0.01 |
| Cash from operations | — | HK$2.0m | HK$27.0m | HK$23.0m | HK$39.0m | HK$21.0m | −HK$217.0m | HK$336.0m |
| Capital spending | — | −HK$2.0m | — | — | — | — | — | −HK$8.0m |
| Free cash flow | — | HK$0 | — | — | — | — | — | HK$328.0m |
| Total assets | HK$547.1m | HK$553.7m | HK$711.1m | HK$1.20bn | HK$1.23bn | HK$1.66bn | HK$2.30bn | HK$2.76bn |
| Cash and short-term investments | HK$59.3m | HK$36.0m | HK$40.2m | HK$54.7m | HK$33.2m | HK$9.3m | HK$21.5m | HK$188.7m |
| Debt | HK$371.5m | HK$388.5m | HK$574.9m | HK$779.5m | HK$783.1m | HK$848.2m | HK$897.3m | HK$966.1m |
| Shareholders' equity | −HK$35.1m | HK$18.1m | −HK$7.9m | HK$221.8m | HK$268.4m | HK$580.3m | HK$1.01bn | HK$1.40bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -23.9% | -12.6% | 14.2% |
| Operating income | -22.7% | -13.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 21.6% | 2.7% | 22.0% | 38.2% |
| Net margin | -119.0% | -194.0% | -140.3% | -35.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 89.7 | -14.7 | -1.3 | -6.8 | -4.8 | -24.6 | 14.4 | 9.8 | 12.4 | 5.2 |
| Price to sales | 46.3 | 35.8 | 6.3 | 3.6 | 4.5 | 4.7 | 3.8 | 3.3 | 6.1 | 16.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Mar 2024.
| FY2024 | FY2022 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.001 | 0.10 | 0.005 | 0.01 | 0.012 | 0.012 | 0.005 |
- 2-for-1 split · 18 Nov 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.