A 
1.10
-3.51%
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$1.19bn
FY2016FY2025
Net income
HK$53.7m
FY2016FY2025
Free cash flow
HK$17.1m
FY2016FY2025
Shareholders' equity
HK$1.73bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.19bn | HK$984.3m | HK$660.0m | HK$1.04bn | HK$1.24bn | HK$1.34bn | HK$1.70bn | HK$1.66bn | HK$1.34bn | HK$1.04bn |
| Gross profit | HK$13.2m | HK$36.3m | HK$4.3m | HK$37.8m | HK$55.0m | HK$30.3m | HK$25.3m | HK$39.4m | HK$44.4m | HK$26.1m |
| Operating income | −HK$159.5m | −HK$183.8m | −HK$75.6m | HK$45.6m | HK$47.6m | HK$47.9m | −HK$4.8m | −HK$25.1m | −HK$2.6m | −HK$79.5m |
| Net income | HK$53.7m | HK$109.2m | HK$40.7m | HK$231.0m | HK$269.8m | HK$93.4m | HK$57.3m | HK$163.3m | HK$276.1m | HK$2.1m |
| Diluted earnings per share | 0.06 | 0.12 | 0.04 | 0.25 | 0.30 | 0.10 | 0.06 | 0.18 | 0.30 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.90bn | HK$1.87bn | HK$1.75bn | HK$1.75bn | HK$1.59bn | HK$1.39bn | HK$1.32bn | HK$1.41bn | HK$1.28bn | HK$884.5m |
| Cash and short-term investments | HK$61.9m | HK$80.9m | HK$133.3m | HK$180.6m | HK$172.5m | HK$167.6m | HK$223.6m | HK$333.2m | HK$475.0m | HK$142.6m |
| Total liabilities | HK$165.5m | HK$162.6m | HK$149.7m | HK$132.8m | HK$171.7m | HK$224.3m | HK$215.5m | HK$331.7m | HK$213.9m | HK$238.3m |
| Debt | HK$32.0m | HK$36.2m | HK$20.1m | HK$7.6m | HK$1.6m | HK$104.5m | HK$76.5m | HK$136.6m | HK$118.4m | HK$137.2m |
| Shareholders' equity | HK$1.73bn | HK$1.71bn | HK$1.60bn | HK$1.61bn | HK$1.41bn | HK$1.17bn | HK$1.10bn | HK$1.07bn | HK$1.07bn | HK$646.2m |
| Shares outstanding | 909m | 909m | 909m | 909m | 909m | 909m | 910m | 927m | 928m | 928m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$18.5m | −HK$33.9m | −HK$8.7m | HK$78.4m | HK$172.4m | HK$10.4m | −HK$44.0m | HK$169.5m | HK$65.4m | HK$144.5m |
| Capital spending | −HK$1.3m | −HK$738,000 | −HK$9.6m | −HK$776,000 | −HK$185,000 | −HK$5.2m | −HK$2.3m | −HK$9.9m | −HK$2.7m | −HK$662,000 |
| Free cash flow | HK$17.1m | −HK$34.6m | −HK$18.3m | HK$77.7m | HK$172.2m | HK$5.2m | −HK$46.3m | HK$159.5m | HK$62.7m | HK$143.9m |
| Dividends paid | −HK$27.3m | −HK$9.1m | −HK$45.4m | −HK$36.3m | −HK$31.8m | −HK$18.2m | −HK$18.2m | −HK$15.5m | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$857.2m | HK$560.7m | HK$629.3m | HK$578.6m | HK$405.7m | HK$202.9m | HK$273.8m | HK$136.9m |
| Gross profit | HK$15.0m | HK$3.5m | HK$9.7m | HK$26.0m | HK$10.3m | HK$5.2m | HK$8.5m | — |
| Operating income | −HK$32.8m | −HK$49.1m | −HK$35.3m | −HK$13.4m | −HK$31.4m | −HK$17.9m | −HK$31.2m | −HK$16.9m |
| Net income | HK$62.4m | −HK$2.6m | HK$56.3m | HK$77.5m | HK$31.6m | HK$15.8m | HK$2.2m | HK$1.1m |
| Diluted earnings per share | 0.07 | -0.00 | 0.06 | 0.09 | 0.03 | 0.02 | 0.00 | 0.00 |
| Cash from operations | — | — | HK$6.0m | HK$33.0m | −HK$67.0m | — | −HK$7.0m | — |
| Capital spending | — | — | — | — | — | — | −HK$1.0m | — |
| Free cash flow | — | — | — | — | — | — | −HK$8.0m | — |
| Total assets | HK$1.96bn | HK$1.90bn | HK$1.94bn | HK$1.87bn | HK$1.80bn | HK$1.80bn | HK$1.75bn | — |
| Cash and short-term investments | HK$99.4m | HK$61.9m | HK$99.8m | HK$80.9m | HK$60.7m | HK$60.7m | HK$133.3m | — |
| Debt | HK$31.0m | HK$32.0m | HK$71.9m | HK$36.1m | HK$49.6m | HK$49.6m | HK$19.8m | — |
| Shareholders' equity | HK$1.79bn | HK$1.73bn | HK$1.75bn | HK$1.71bn | HK$1.62bn | HK$1.63bn | HK$1.60bn | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.5% | -2.3% | -4.9% |
| Operating income | — | — | 8.0% |
| Net income | -38.5% | -10.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 2.3% | 2.4% | 2.7% | 2.8% |
| Operating margin | -15.8% | -9.6% | -4.3% | -3.3% |
| Net margin | 7.5% | 11.2% | 12.4% | 8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.8 | 3.9 | 9.2 | 1.9 | 1.8 | 3.6 | 4.9 | 2.0 | 1.8 | 187.2 |
| Price to sales | 0.3 | 0.4 | 0.6 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 9 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.03 | 0.01 | 0.05 | 0.04 | 0.035 | 0.02 | 0.02 |
- 6-for-5 split · 31 Aug 2017
- 11-for-10 split · 14 Sept 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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