N 
0.36
+4.35%
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$130.4m
FY2016FY2025
Net income
−HK$20.1m
FY2016FY2025
Free cash flow
−HK$54.5m
FY2016FY2025
Shareholders' equity
HK$424.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$130.4m | HK$93.9m | HK$50.2m | HK$89.8m | HK$335.4m | HK$133.2m | HK$118.6m | HK$372.4m | HK$235.2m | HK$225.4m |
| Operating income | −HK$11.9m | −HK$26.2m | −HK$18.2m | −HK$75.5m | HK$215,000 | −HK$43.4m | −HK$21.7m | HK$3.7m | HK$4.0m | −HK$7.0m |
| Net income | −HK$20.1m | −HK$31.0m | −HK$22.2m | −HK$77.9m | −HK$2.8m | −HK$69.7m | −HK$44.1m | HK$33.2m | −HK$105.0m | −HK$20.5m |
| Diluted earnings per share | -0.10 | -0.19 | -0.13 | -0.05 | -0.00 | -0.35 | -0.22 | 0.19 | -0.12 | -0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$436.5m | HK$505.2m | HK$491.6m | HK$539.8m | HK$662.0m | HK$650.1m | HK$678.9m | HK$768.1m | HK$830.4m | HK$534.7m |
| Cash and short-term investments | HK$37.4m | HK$64.3m | HK$104.0m | HK$154.4m | HK$150.2m | HK$65.8m | — | HK$146.1m | — | — |
| Total liabilities | HK$12.3m | HK$34.3m | HK$11.3m | HK$14.2m | HK$29.5m | HK$44.2m | HK$24.4m | HK$42.7m | HK$103.6m | HK$63.0m |
| Debt | HK$1.7m | HK$2.4m | — | HK$293,000 | HK$12.3m | HK$1.4m | — | — | — | HK$16.8m |
| Shareholders' equity | HK$424.2m | HK$471.0m | HK$480.3m | HK$525.7m | HK$632.6m | HK$605.9m | HK$654.5m | HK$725.4m | HK$726.8m | HK$471.7m |
| Shares outstanding | 201m | 167m | 167m | 1,672m | 1,672m | 201m | 201m | 167m | 876m | 201m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$54.1m | −HK$4.8m | −HK$45.4m | −HK$318,000 | −HK$58.4m | −HK$31.6m | −HK$56.5m | HK$57.9m | −HK$108.1m | −HK$21.0m |
| Capital spending | −HK$310,000 | −HK$622,000 | −HK$44,000 | −HK$8.7m | −HK$59,000 | −HK$260,000 | −HK$1.2m | −HK$8.2m | −HK$78,000 | −HK$5.2m |
| Free cash flow | −HK$54.5m | −HK$5.4m | −HK$45.5m | −HK$9.0m | −HK$58.4m | −HK$31.8m | −HK$57.7m | HK$49.7m | −HK$108.2m | −HK$26.2m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$85.7m | HK$44.7m | HK$77.2m | HK$16.7m | HK$50.2m | HK$73.0m | HK$30.5m | HK$59.3m |
| Operating income | −HK$4.5m | −HK$7.4m | −HK$22.2m | −HK$4.0m | −HK$18.2m | −HK$11.1m | −HK$55.4m | −HK$20.1m |
| Net income | −HK$12.6m | −HK$7.5m | −HK$26.9m | −HK$4.1m | −HK$22.2m | −HK$13.4m | −HK$56.6m | −HK$21.4m |
| Diluted earnings per share | -0.06 | -0.04 | -0.16 | -0.02 | -0.13 | -0.08 | -0.03 | -0.01 |
| Cash from operations | — | −HK$16.0m | −HK$4.0m | — | −HK$45.0m | −HK$16.0m | −HK$16.0m | HK$17.0m |
| Total assets | HK$436.5m | HK$447.3m | HK$505.2m | HK$495.2m | HK$491.6m | HK$527.3m | HK$539.8m | HK$634.3m |
| Cash and short-term investments | HK$37.4m | HK$54.2m | HK$64.3m | HK$87.5m | HK$104.0m | HK$112.4m | HK$154.4m | HK$151.9m |
| Debt | HK$1.7m | HK$1.6m | HK$2.4m | — | — | HK$284,000 | HK$293,000 | HK$604,000 |
| Shareholders' equity | HK$424.2m | HK$424.4m | HK$471.0m | HK$468.7m | HK$480.3m | HK$494.4m | HK$525.7m | HK$608.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | -0.4% | -6.4% |
| Operating income | -46.0% | -22.8% | — |
| Net income | -36.4% | -22.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.0% | -36.2% | -21.0% | -8.1% |
| Net margin | -22.8% | -41.5% | -26.9% | -16.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -2.4 | -3.8 | -20.4 | -450.8 | -2.2 | -3.5 | 3.8 | -6.3 | -5.9 |
| Price to sales | 0.4 | 0.8 | 1.7 | 17.7 | 3.8 | 1.1 | 1.3 | 0.3 | 2.8 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2014.
| FY2014 | |
|---|---|
| Paid in the year | 1.25 |
- 10-to-1 reverse split · 22 Jul 2025
- 5-to-1 reverse split · 15 Mar 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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