T 
0.72
-0.69%
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$194.6m
FY2017FY2026
Net income
−HK$26.0m
FY2017FY2026
Free cash flow
HK$18.3m
FY2017FY2026
Shareholders' equity
HK$67.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$194.6m | HK$207.2m | HK$102.5m | HK$189.4m | HK$337.4m | HK$311.8m | HK$157.0m | HK$230.1m | HK$280.1m | HK$202.3m |
| Gross profit | HK$16.4m | HK$36.2m | HK$9.4m | HK$15.1m | HK$56.1m | HK$48.8m | HK$15.8m | HK$32.8m | HK$56.4m | HK$64.2m |
| Operating income | −HK$23.3m | HK$899,000 | −HK$32.2m | −HK$19.8m | HK$12.3m | HK$10.2m | −HK$23.9m | −HK$2.3m | HK$20.8m | HK$36.9m |
| Net income | −HK$26.0m | HK$1.3m | −HK$36.7m | −HK$23.2m | HK$13.7m | HK$11.3m | −HK$23.8m | HK$769,000 | HK$2.3m | HK$28.3m |
| Diluted earnings per share | -0.03 | 0.00 | -0.05 | -0.03 | 0.02 | 0.01 | -0.03 | 0.00 | 0.00 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$137.6m | HK$194.4m | HK$169.5m | HK$231.2m | HK$252.7m | HK$233.3m | HK$213.6m | HK$226.4m | HK$235.0m | HK$144.8m |
| Cash and short-term investments | HK$23.6m | HK$8.0m | HK$33.6m | HK$26.6m | HK$29.0m | HK$41.6m | HK$59.3m | HK$56.5m | HK$63.7m | HK$7.3m |
| Total liabilities | HK$69.8m | HK$100.7m | HK$77.2m | HK$102.1m | HK$96.4m | HK$76.8m | HK$68.4m | HK$57.4m | HK$66.5m | HK$90.5m |
| Debt | HK$33.8m | HK$55.5m | HK$53.0m | HK$66.5m | HK$48.7m | HK$36.0m | HK$42.4m | HK$38.9m | HK$26.8m | HK$40.9m |
| Shareholders' equity | HK$67.7m | HK$93.7m | HK$92.4m | HK$129.1m | HK$156.3m | HK$156.5m | HK$145.2m | HK$169.1m | HK$168.6m | HK$54.3m |
| Shares outstanding | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 801m | 681m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$18.8m | −HK$8.9m | HK$24.3m | −HK$10.7m | −HK$8.9m | HK$22.8m | HK$2.2m | −HK$17.3m | −HK$35.2m | HK$22.9m |
| Capital spending | −HK$547,000 | −HK$17,000 | −HK$749,000 | −HK$439,000 | −HK$1.3m | −HK$1.2m | −HK$161,000 | −HK$698,000 | −HK$25.4m | −HK$647,000 |
| Free cash flow | HK$18.3m | −HK$8.9m | HK$23.5m | −HK$11.2m | −HK$10.3m | HK$21.6m | HK$2.0m | −HK$18.0m | −HK$60.5m | HK$22.2m |
| Dividends paid | — | — | — | −HK$4.0m | −HK$14.0m | −HK$14.0m | −HK$14.0m | −HK$14.0m | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$53.0m | HK$141.6m | HK$138.5m | HK$68.7m | HK$34.4m | HK$45.7m | HK$22.9m | HK$56.8m |
| Gross profit | −HK$2.9m | HK$19.4m | HK$22.1m | HK$14.2m | HK$7.1m | HK$6.6m | HK$3.3m | HK$2.8m |
| Operating income | −HK$27.1m | HK$3.8m | HK$2.7m | −HK$1.8m | −HK$904,500 | −HK$17.5m | −HK$8.9m | −HK$14.8m |
| Net income | −HK$28.1m | HK$2.1m | −HK$1.6m | HK$3.0m | HK$1.5m | −HK$19.8m | −HK$9.9m | −HK$16.9m |
| Diluted earnings per share | -0.04 | 0.00 | -0.00 | 0.00 | 0.00 | -0.02 | -0.01 | -0.02 |
| Cash from operations | — | HK$5.0m | HK$6.0m | −HK$15.0m | −HK$7.0m | HK$19.0m | HK$9.0m | HK$5.0m |
| Total assets | HK$137.6m | HK$194.0m | HK$194.4m | HK$186.0m | HK$186.0m | HK$169.5m | HK$169.5m | HK$201.0m |
| Cash and short-term investments | HK$23.6m | HK$27.2m | HK$8.0m | HK$19.4m | HK$19.4m | HK$29.7m | HK$33.6m | HK$23.7m |
| Debt | HK$33.8m | HK$52.7m | HK$55.5m | HK$57.0m | HK$56.4m | HK$53.0m | HK$52.9m | HK$62.7m |
| Shareholders' equity | HK$67.7m | HK$95.8m | HK$93.7m | HK$95.3m | HK$95.3m | HK$92.4m | HK$92.4m | HK$112.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | -9.0% | -1.1% |
| Operating income | 5.6% | — | — |
| Net income | 3.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.1% | 11.1% | 13.6% | 16.4% |
| Operating margin | -5.6% | -10.7% | -3.9% | 0.2% |
| Net margin | -6.1% | -12.2% | -4.4% | -1.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.8 | 449.9 | -4.6 | -4.7 | 11.4 | 17.6 | -6.1 | 332.9 | 189.2 |
| Price to sales | 3.0 | 2.9 | 1.6 | 0.6 | 0.5 | 0.6 | 0.9 | 1.1 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Sept 2022.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.005 | 0.018 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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