L 
0.17
+3.03%
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$2.05bn
FY2016FY2025
Net income
−HK$36.1m
FY2016FY2025
Free cash flow
−HK$46.0m
FY2016FY2025
Shareholders' equity
HK$772.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.05bn | HK$1.70bn | HK$2.20bn | HK$2.55bn | HK$1.95bn | HK$1.86bn | HK$2.28bn | HK$2.71bn | HK$2.11bn | HK$2.12bn |
| Gross profit | HK$81.3m | HK$67.7m | HK$77.3m | HK$145.6m | HK$112.8m | HK$1.9m | HK$39.2m | HK$212.2m | HK$153.4m | −HK$161,000 |
| Operating income | −HK$22.5m | −HK$29.9m | −HK$28.8m | HK$35.3m | HK$16.3m | −HK$100.9m | −HK$70.2m | HK$87.5m | HK$42.0m | −HK$102.0m |
| Net income | −HK$36.1m | −HK$49.7m | −HK$44.5m | HK$18.7m | HK$16.9m | −HK$128.1m | −HK$86.7m | HK$90.2m | HK$41.5m | −HK$116.8m |
| Diluted earnings per share | -0.04 | -0.06 | -0.05 | 0.02 | 0.02 | -0.15 | -0.10 | 0.11 | 0.05 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$823.3m | HK$864.2m | HK$925.7m | HK$1.12bn | HK$1.04bn | HK$1.06bn | HK$1.30bn | HK$1.47bn | HK$1.27bn | HK$1.17bn |
| Cash and short-term investments | HK$219.7m | HK$264.6m | HK$221.0m | HK$208.8m | HK$288.2m | HK$306.1m | HK$356.7m | HK$300.4m | HK$237.9m | HK$162.3m |
| Total liabilities | HK$51.3m | HK$51.3m | HK$52.2m | HK$193.9m | HK$134.2m | HK$193.8m | HK$291.7m | HK$359.3m | HK$223.7m | HK$159.2m |
| Debt | HK$14.5m | HK$13.8m | HK$10.6m | HK$150.6m | HK$90.0m | HK$121.3m | HK$196.5m | HK$264.8m | HK$178.8m | HK$109.3m |
| Shareholders' equity | HK$772.0m | HK$812.9m | HK$873.6m | HK$923.3m | HK$901.9m | HK$862.7m | HK$1.01bn | HK$1.11bn | HK$1.05bn | HK$1.01bn |
| Shares outstanding | 829m | 829m | 829m | 829m | 829m | 829m | 829m | 829m | 829m | 829m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$36.1m | HK$52.8m | HK$185.5m | −HK$76.6m | HK$17.2m | HK$37.9m | HK$145.3m | −HK$80,000 | HK$1.7m | HK$368.2m |
| Capital spending | −HK$10.0m | −HK$8.8m | −HK$20.7m | −HK$10.6m | −HK$2.6m | −HK$6.4m | −HK$7.6m | −HK$5.7m | −HK$4.1m | −HK$40.1m |
| Free cash flow | −HK$46.0m | HK$44.0m | HK$164.8m | −HK$87.2m | HK$14.6m | HK$31.5m | HK$137.7m | −HK$5.8m | −HK$2.4m | HK$328.0m |
| Dividends paid | — | — | −HK$8.3m | −HK$8.3m | — | — | −HK$12.4m | −HK$33.2m | — | −HK$8.3m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$920.7m | HK$1.04bn | HK$1.01bn | HK$854.9m | HK$844.6m | HK$900.2m | HK$1.30bn | HK$1.31bn |
| Gross profit | HK$41.9m | HK$41.7m | HK$39.6m | HK$31.1m | HK$36.5m | HK$24.4m | HK$53.0m | HK$81.2m |
| Operating income | −HK$11.2m | −HK$18.0m | −HK$17.1m | −HK$34.3m | −HK$13.7m | −HK$30.2m | −HK$351,000 | HK$15.8m |
| Net income | −HK$10.2m | −HK$18.1m | −HK$18.0m | −HK$35.0m | −HK$14.6m | −HK$37.5m | −HK$7.0m | HK$10.6m |
| Diluted earnings per share | -0.01 | -0.02 | -0.02 | -0.04 | -0.02 | -0.05 | -0.01 | 0.01 |
| Total assets | HK$812.9m | HK$823.3m | HK$863.0m | HK$864.2m | HK$889.8m | HK$925.7m | HK$1.04bn | HK$1.12bn |
| Cash and short-term investments | HK$239.4m | HK$219.7m | HK$214.9m | HK$264.6m | HK$266.8m | HK$221.0m | HK$309.0m | HK$208.8m |
| Debt | HK$7.3m | HK$12.6m | HK$25.4m | HK$11.3m | HK$7.8m | HK$8.7m | HK$129.0m | HK$148.3m |
| Shareholders' equity | HK$766.0m | HK$772.0m | HK$796.9m | HK$812.9m | HK$844.1m | HK$873.6m | HK$878.0m | HK$923.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.0% | 1.9% | -1.9% |
| Operating income | — | -25.9% | — |
| Net income | — | -22.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.0% | 4.4% | 3.9% | 4.3% |
| Operating margin | -1.4% | -0.5% | -1.1% | -0.6% |
| Net margin | -2.3% | -1.3% | -1.8% | -1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -2.3 | -3.2 | 8.4 | 14.5 | -1.7 | -3.1 | 3.7 | 13.6 | -5.0 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Aug 2022.
| FY2023 | FY2022 | FY2019 | FY2018 | FY2016 | FY2015 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.015 | 0.03 | 0.01 | 0.02 | 0.025 | 0.035 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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