D 
0.27
—
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$53.1m
FY2016FY2025
Net income
−HK$21.1m
FY2016FY2025
Free cash flow
HK$60,000
FY2016FY2025
Shareholders' equity
HK$72.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$53.1m | HK$85.6m | HK$83.8m | HK$106.5m | HK$67.9m | HK$1.19bn | HK$1.52bn | HK$411.9m | HK$170.2m | HK$206.9m |
| Operating income | −HK$15.0m | −HK$12.5m | −HK$12.9m | −HK$22.6m | −HK$24.2m | −HK$82.1m | −HK$71.8m | −HK$34.0m | −HK$48.3m | −HK$55.8m |
| Net income | −HK$21.1m | −HK$11.9m | −HK$26.0m | −HK$29.1m | −HK$67.0m | −HK$87.2m | HK$100.5m | −HK$80.1m | −HK$51.0m | −HK$60.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.03 | -0.09 | -0.14 | 0.09 | -0.12 | -0.09 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$104.9m | HK$125.1m | HK$144.6m | HK$175.6m | HK$230.2m | HK$257.6m | HK$792.8m | HK$483.8m | HK$381.1m | HK$529.8m |
| Cash and short-term investments | HK$21.0m | HK$37.6m | HK$49.6m | HK$55.0m | HK$30.3m | HK$30.6m | HK$62.5m | HK$59.6m | HK$76.1m | HK$78.3m |
| Total liabilities | HK$32.4m | HK$31.3m | HK$38.7m | HK$42.9m | HK$135.0m | HK$124.5m | HK$563.6m | HK$333.4m | HK$172.8m | HK$299.5m |
| Debt | HK$2.0m | HK$237,000 | HK$985,000 | HK$9.2m | HK$90.2m | HK$81.9m | HK$172.0m | HK$203.1m | HK$114.3m | HK$240.5m |
| Shareholders' equity | HK$72.5m | HK$93.8m | HK$105.9m | HK$132.7m | HK$95.1m | HK$133.1m | HK$229.2m | HK$150.4m | HK$208.4m | HK$230.3m |
| Shares outstanding | 1,613m | 1,613m | 1,613m | 1,041m | 741m | 662m | 917m | 662m | 555m | 552m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$226,000 | −HK$8.0m | HK$6.8m | −HK$26.0m | HK$41.4m | −HK$22.3m | −HK$143.4m | −HK$30.0m | −HK$18.4m | −HK$7.2m |
| Capital spending | −HK$166,000 | −HK$3.3m | −HK$555,000 | −HK$1.3m | −HK$1.7m | −HK$1.7m | −HK$8.4m | −HK$35.5m | −HK$9.1m | −HK$29.6m |
| Free cash flow | HK$60,000 | −HK$11.3m | HK$6.3m | −HK$27.2m | HK$39.7m | −HK$24.0m | −HK$151.8m | −HK$65.5m | −HK$27.5m | −HK$36.8m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$29.0m | HK$15.7m | HK$37.4m | HK$48.3m | HK$37.3m | HK$37.0m | HK$46.8m | HK$56.6m |
| Operating income | −HK$2.0m | −HK$10.1m | −HK$4.9m | −HK$6.9m | −HK$5.6m | −HK$8.1m | −HK$4.8m | −HK$8.7m |
| Net income | −HK$2.5m | −HK$16.8m | −HK$4.3m | −HK$7.0m | −HK$4.8m | −HK$5.8m | −HK$20.2m | −HK$12.3m |
| Diluted earnings per share | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 |
| Total assets | HK$103.2m | HK$104.9m | HK$118.0m | HK$125.1m | HK$128.9m | HK$144.6m | HK$153.6m | HK$175.6m |
| Cash and short-term investments | HK$14.8m | HK$21.0m | HK$46.5m | HK$37.6m | HK$42.8m | HK$49.6m | HK$44.4m | HK$55.0m |
| Debt | HK$1.4m | HK$969,000 | HK$518,000 | — | — | HK$237,000 | HK$441,000 | HK$8.9m |
| Shareholders' equity | HK$70.3m | HK$72.5m | HK$89.4m | HK$93.8m | HK$100.7m | HK$105.9m | HK$113.4m | HK$132.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.7% | -46.3% | -14.0% |
| Operating income | -12.6% | -28.8% | — |
| Net income | -10.2% | -24.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -19.9% | -19.2% | -10.7% | -8.4% |
| Net margin | -23.8% | -26.8% | -15.3% | -7.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.1 | -12.2 | -4.3 | -3.6 | -0.9 | -0.5 | 0.6 | -1.1 | -1.8 | -3.4 |
| Price to sales | 2.8 | 1.7 | 1.4 | 1.0 | 0.9 | 0.0 | 0.0 | 0.2 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jan 2008.
| FY2008 | FY2007 | FY2001 | FY2000 | |
|---|---|---|---|---|
| Paid in the year | 0.061 | 0.061 | 0.009 | 0.026 |
- 5-for-4 split · 11 Jul 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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