W 
0.11
—
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$720.8m
FY2017FY2026
Net income
−HK$19.1m
FY2017FY2026
Free cash flow
−HK$12.2m
FY2017FY2026
Shareholders' equity
HK$131.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$720.8m | HK$808.0m | HK$671.9m | HK$537.3m | HK$421.1m | HK$411.8m | HK$326.5m | HK$392.5m | HK$535.5m | HK$380.7m |
| Gross profit | HK$12.2m | HK$42.2m | HK$41.3m | HK$43.3m | HK$29.6m | −HK$29.6m | HK$7.3m | −HK$12.4m | HK$54.5m | HK$46.3m |
| Operating income | −HK$28.0m | HK$4.6m | HK$5.0m | HK$10.7m | HK$2.3m | −HK$45.8m | −HK$13.6m | −HK$33.6m | HK$32.7m | HK$33.0m |
| Net income | −HK$19.1m | HK$4.4m | HK$3.7m | HK$9.8m | HK$4.4m | −HK$46.4m | −HK$13.7m | −HK$34.5m | HK$12.0m | HK$23.4m |
| Diluted earnings per share | -0.01 | 0.00 | 0.00 | 0.01 | 0.00 | -0.05 | -0.01 | -0.04 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$338.9m | HK$329.3m | HK$344.5m | HK$234.2m | HK$215.0m | HK$217.8m | HK$199.6m | HK$224.1m | HK$260.7m | HK$118.2m |
| Cash and short-term investments | HK$56.5m | HK$50.0m | HK$45.6m | HK$45.6m | HK$25.4m | HK$38.8m | HK$48.6m | HK$51.3m | HK$89.5m | HK$21.3m |
| Total liabilities | HK$207.4m | HK$194.1m | HK$213.6m | HK$107.1m | HK$97.7m | HK$104.9m | HK$40.4m | HK$51.1m | HK$53.1m | HK$47.6m |
| Debt | HK$36.8m | HK$34.7m | HK$25.0m | HK$20.4m | HK$8.2m | HK$5.0m | HK$4.2m | HK$5.8m | HK$6.8m | HK$14.0m |
| Shareholders' equity | HK$131.5m | HK$135.2m | HK$130.8m | HK$127.1m | HK$117.3m | HK$112.9m | HK$159.3m | HK$173.0m | HK$207.5m | HK$70.6m |
| Shares outstanding | 1,286m | 947m | 934m | 934m | 934m | 934m | 934m | 934m | 934m | 790m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$9.7m | HK$33.5m | HK$25.6m | HK$25.7m | HK$1.6m | HK$3.9m | HK$10.6m | −HK$18.3m | −HK$36.2m | HK$33.9m |
| Capital spending | −HK$2.5m | −HK$36.9m | −HK$28.6m | −HK$9.3m | −HK$20.7m | −HK$12.4m | −HK$15.3m | −HK$18.2m | −HK$12.4m | −HK$11.9m |
| Free cash flow | −HK$12.2m | −HK$3.4m | −HK$3.0m | HK$16.4m | −HK$19.1m | −HK$8.5m | −HK$4.7m | −HK$36.5m | −HK$48.6m | HK$22.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$394.6m | HK$326.2m | HK$411.2m | HK$396.9m | HK$420.8m | HK$251.1m | HK$264.3m | HK$273.0m |
| Gross profit | HK$10.2m | HK$2.0m | HK$17.5m | HK$24.7m | HK$23.4m | HK$17.9m | HK$23.4m | HK$19.9m |
| Operating income | −HK$9.5m | −HK$17.7m | −HK$1.1m | HK$5.7m | HK$3.9m | HK$2.3m | HK$568,000 | HK$3.5m |
| Net income | −HK$6.2m | −HK$12.9m | −HK$157,000 | HK$4.6m | HK$1.6m | HK$2.1m | HK$916,000 | HK$8.9m |
| Diluted earnings per share | -0.00 | -0.01 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Cash from operations | HK$1.0m | −HK$11.0m | −HK$1.0m | HK$35.0m | HK$10.0m | HK$15.0m | — | HK$26.0m |
| Capital spending | −HK$1.0m | −HK$1.0m | −HK$6.0m | −HK$28.0m | −HK$27.0m | −HK$1.0m | — | −HK$8.0m |
| Free cash flow | HK$0 | −HK$12.0m | −HK$7.0m | HK$7.0m | −HK$17.0m | HK$14.0m | — | HK$18.0m |
| Total assets | HK$338.9m | HK$272.1m | HK$329.3m | HK$337.6m | HK$344.5m | HK$244.1m | HK$234.2m | HK$256.6m |
| Cash and short-term investments | HK$56.5m | HK$50.3m | HK$50.0m | HK$59.2m | HK$45.6m | HK$54.9m | HK$45.6m | HK$47.9m |
| Debt | HK$34.7m | HK$31.6m | HK$34.7m | HK$36.1m | HK$25.0m | HK$9.8m | HK$20.4m | HK$20.8m |
| Shareholders' equity | HK$131.5m | HK$137.7m | HK$135.2m | HK$135.4m | HK$130.8m | HK$129.2m | HK$127.1m | HK$126.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 11.8% | 7.5% |
| Operating income | — | -9.4% | — |
| Net income | — | -16.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.6% | 5.1% | 3.9% | 4.9% |
| Operating margin | -1.5% | -0.3% | -1.4% | -0.1% |
| Net margin | -1.0% | -0.0% | -1.2% | -0.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.3 | 23.8 | 12.1 | 5.9 | 17.1 | -2.2 | -3.8 | -4.8 | 17.5 | 7.5 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.4 | 0.4 | 0.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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