S 
0.20
+9.94%
Close of 4 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$256.4m
FY2015FY2024
Net income
−HK$56.1m
FY2015FY2024
Free cash flow
−HK$22.5m
FY2015FY2024
Shareholders' equity
HK$62.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$256.4m | HK$246.5m | HK$451.1m | HK$515.9m | HK$385.0m | HK$356.4m | HK$414.7m | HK$315.5m | HK$245.6m | HK$343.5m |
| Gross profit | HK$43.8m | HK$37.6m | HK$105.6m | HK$96.5m | HK$76.9m | HK$71.3m | HK$119.4m | HK$84.3m | HK$57.2m | HK$66.1m |
| Operating income | −HK$75.1m | −HK$40.6m | −HK$38.9m | −HK$18.2m | −HK$23.6m | −HK$157.2m | −HK$13.4m | HK$4.9m | −HK$206.9m | −HK$130.4m |
| Net income | −HK$56.1m | −HK$45.1m | −HK$37.4m | −HK$24.7m | −HK$18.8m | −HK$284.0m | −HK$50.5m | −HK$7.8m | −HK$183.0m | HK$390.6m |
| Diluted earnings per share | -0.31 | -0.25 | -0.21 | -0.14 | -0.10 | -1.97 | -0.40 | -0.07 | -2.50 | 3.60 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$281.1m | HK$330.9m | HK$409.5m | HK$529.6m | HK$470.4m | HK$419.9m | HK$683.6m | HK$722.0m | HK$550.6m | HK$554.0m |
| Cash and short-term investments | HK$10.6m | HK$27.7m | HK$9.3m | HK$9.5m | HK$25.1m | HK$29.0m | HK$23.2m | HK$86.5m | HK$46.1m | HK$23.4m |
| Total liabilities | HK$219.1m | HK$239.0m | HK$269.8m | HK$349.1m | HK$270.4m | HK$238.9m | HK$229.8m | HK$208.1m | HK$208.3m | HK$203.8m |
| Debt | HK$27.3m | HK$20.3m | HK$29.6m | HK$38.0m | HK$43.7m | HK$56.0m | HK$28.0m | HK$44.1m | HK$27.6m | HK$45.7m |
| Shareholders' equity | HK$62.0m | HK$92.0m | HK$139.8m | HK$180.5m | HK$200.0m | HK$181.0m | HK$453.8m | HK$513.9m | HK$342.4m | HK$350.2m |
| Shares outstanding | 183m | 180m | 180m | 180m | 172m | 144m | 125m | 105m | 73m | 108m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$13.1m | HK$27.7m | HK$26.5m | HK$9.7m | −HK$13.7m | HK$23.7m | −HK$14.2m | −HK$36.5m | −HK$180.0m | −HK$51.7m |
| Capital spending | −HK$9.4m | −HK$3.0m | −HK$5.7m | −HK$9.7m | −HK$13.3m | −HK$51.6m | −HK$1.6m | −HK$3.1m | −HK$5.9m | −HK$3.9m |
| Free cash flow | −HK$22.5m | HK$24.7m | HK$20.8m | HK$46,000 | −HK$26.9m | −HK$27.9m | −HK$15.8m | −HK$39.6m | −HK$186.0m | −HK$55.6m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$98.2m | HK$155.9m | HK$100.5m | HK$130.9m | HK$115.6m | HK$57.8m | HK$216.9m | HK$108.5m |
| Gross profit | HK$15.0m | HK$27.0m | HK$16.8m | HK$20.1m | HK$17.4m | HK$8.7m | HK$55.5m | HK$27.8m |
| Operating income | −HK$13.0m | −HK$60.5m | −HK$14.6m | −HK$23.1m | −HK$17.6m | −HK$9.4m | −HK$40.0m | −HK$21.1m |
| Net income | −HK$11.0m | −HK$42.2m | −HK$13.9m | −HK$31.6m | −HK$13.6m | −HK$9.5m | −HK$28.2m | −HK$18.2m |
| Diluted earnings per share | -0.05 | -0.23 | -0.08 | -0.18 | -0.08 | -0.04 | -0.16 | -0.10 |
| Cash from operations | HK$9.0m | HK$16.0m | −HK$29.0m | HK$27.0m | — | — | HK$15.0m | — |
| Capital spending | — | −HK$9.0m | — | — | −HK$2.0m | — | −HK$5.0m | — |
| Free cash flow | — | HK$7.0m | — | — | — | — | HK$10.0m | — |
| Total assets | HK$242.0m | HK$281.1m | HK$320.6m | HK$330.9m | HK$346.9m | HK$346.9m | HK$409.5m | HK$421.9m |
| Cash and short-term investments | HK$8.4m | HK$10.6m | HK$7.3m | HK$27.7m | HK$4.6m | HK$4.6m | HK$9.3m | HK$9.3m |
| Debt | HK$6.5m | HK$10.8m | HK$22.5m | HK$4.6m | HK$10.1m | HK$25.8m | HK$11.4m | HK$25.1m |
| Shareholders' equity | HK$52.0m | HK$62.0m | HK$76.3m | HK$92.0m | HK$120.6m | HK$176.8m | HK$139.8m | HK$203.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -20.8% | -6.4% | -1.7% |
| Operating income | 60.6% | -13.7% | — |
| Net income | 31.4% | -27.7% | -17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 19.3% | 19.5% | 21.0% |
| Operating margin | -23.0% | -11.8% | -16.0% | -18.2% |
| Net margin | -20.1% | -11.1% | -21.1% | -18.5% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.1 | -0.1 | -0.2 | -0.9 | -1.2 | -0.1 | -0.8 | -26.1 | -1.7 | 2.0 |
| Price to sales | 0.2 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.6 | 1.3 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Feb 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 1.00 |
- 5-to-1 reverse split · 23 Nov 2020
- 10-to-1 reverse split · 4 Jun 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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