C 
0.09
-1.08%
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$153.1m
FY2015FY2024
Net income
−HK$21.5m
FY2015FY2024
Free cash flow
HK$16.6m
FY2015FY2024
Shareholders' equity
HK$227.6m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$153.1m | HK$161.5m | HK$355.3m | HK$1.53bn | HK$736.8m | HK$175.5m | HK$74.0m | HK$35.6m | HK$518,000 | HK$889,000 |
| Gross profit | HK$2.2m | HK$1.5m | HK$15.3m | HK$95.8m | HK$42.3m | HK$28,000 | −HK$1.7m | −HK$1.2m | — | — |
| Research and development | — | — | — | — | — | — | — | — | HK$806,000 | HK$1.6m |
| Operating income | −HK$39.7m | −HK$18.3m | −HK$3.4m | HK$78.7m | HK$18.1m | −HK$239.1m | −HK$39.9m | −HK$25.1m | −HK$16.8m | −HK$27.9m |
| Net income | −HK$21.5m | −HK$31.3m | −HK$1.2m | HK$147.8m | HK$8.7m | −HK$268.8m | −HK$58.4m | −HK$351.6m | HK$132.1m | −HK$1.49bn |
| Diluted earnings per share | -0.03 | -0.04 | -0.00 | 0.18 | 0.01 | -0.70 | -0.36 | -2.15 | 0.81 | -9.11 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$285.0m | HK$337.1m | HK$553.5m | HK$617.5m | HK$542.6m | HK$342.9m | HK$319.0m | HK$307.7m | HK$698.6m | HK$511.0m |
| Cash and short-term investments | HK$13.5m | HK$1.3m | HK$15.1m | HK$9.1m | HK$27.9m | HK$53.9m | HK$993,000 | HK$4.5m | HK$4.7m | HK$17.5m |
| Total liabilities | HK$57.3m | HK$84.8m | HK$93.9m | HK$146.7m | HK$225.5m | HK$82.4m | HK$181.9m | HK$112.2m | HK$151.4m | HK$95.9m |
| Debt | HK$15.8m | HK$20.3m | HK$4.6m | HK$3.1m | HK$2.7m | HK$39.6m | HK$102.6m | HK$58.3m | HK$33.0m | HK$20.0m |
| Shareholders' equity | HK$227.6m | HK$252.3m | HK$459.6m | HK$470.9m | HK$317.1m | HK$260.4m | HK$137.1m | HK$195.5m | HK$547.2m | HK$415.1m |
| Shares outstanding | 842m | 842m | 842m | 842m | 630m | 383m | 163m | 163m | 163m | 163m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$16.8m | −HK$28.7m | HK$9.0m | −HK$23.1m | −HK$34.1m | −HK$45.5m | −HK$30.3m | −HK$21.2m | −HK$22.8m | −HK$19.5m |
| Capital spending | −HK$216,000 | −HK$88,000 | −HK$156,000 | −HK$57,000 | −HK$151,000 | −HK$85,000 | −HK$6.3m | −HK$25,000 | −HK$311,000 | −HK$4,000 |
| Free cash flow | HK$16.6m | −HK$28.7m | HK$8.8m | −HK$23.2m | −HK$34.2m | −HK$45.6m | −HK$36.5m | −HK$21.2m | −HK$23.1m | −HK$19.5m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$38.4m | HK$116.4m | HK$36.7m | HK$121.5m | HK$40.0m | HK$355.3m | HK$368.2m | HK$843.9m |
| Gross profit | HK$254,000 | HK$2.0m | HK$121,000 | HK$1.0m | HK$492,000 | HK$15.3m | HK$25.8m | HK$46.7m |
| Operating income | −HK$12.7m | −HK$27.3m | −HK$12.2m | −HK$5.0m | −HK$7.5m | HK$1.8m | HK$16.0m | HK$38.4m |
| Net income | −HK$11.1m | −HK$9.1m | −HK$12.4m | −HK$23.7m | −HK$7.6m | −HK$1.2m | HK$11.0m | HK$117.3m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.00 | 0.01 | 0.14 |
| Total assets | HK$285.0m | HK$285.0m | HK$324.4m | HK$337.1m | HK$532.3m | HK$553.5m | HK$566.4m | HK$617.5m |
| Cash and short-term investments | HK$1.9m | HK$13.5m | HK$40.3m | HK$1.3m | HK$5.7m | HK$15.1m | HK$24.7m | HK$9.1m |
| Debt | HK$12.0m | HK$14.1m | HK$14.9m | HK$18.4m | HK$2.0m | HK$2.9m | — | HK$2.0m |
| Shareholders' equity | HK$229.3m | HK$227.6m | HK$237.4m | HK$252.3m | HK$447.3m | HK$459.6m | HK$475.5m | HK$470.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -53.6% | -2.7% | 4.6% |
| Operating income | — | -30.2% | 1.4% |
| Net income | — | -39.7% | -16.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.2% | 5.2% | 5.1% | — |
| Operating margin | -18.4% | 0.8% | -6.5% | -10.5% |
| Net margin | -16.8% | 4.3% | -5.3% | -61.9% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.2 | -2.0 | -65.9 | 0.8 | 10.7 | -0.5 | -2.9 | -1.2 | 3.4 | -0.5 |
| Price to sales | 1.6 | 0.4 | 0.2 | 0.1 | 0.1 | 0.8 | 2.3 | 11.9 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 May 2011.
| FY2011 | |
|---|---|
| Paid in the year | 0.333 |
- 20-to-1 reverse split · 10 Jul 2019
- 6-for-5 split · 20 May 2011
- 50-to-1 reverse split · 23 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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