B 
0.81
-1.22%
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.
Net income
−HK$278.4m
FY2016FY2025
Free cash flow
−HK$60.3m
FY2016FY2025
Shareholders' equity
HK$51.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$131.3m | −HK$51.9m | −HK$68.3m | −HK$147.1m | −HK$224.4m | −HK$227.4m | −HK$77.7m | −HK$18.5m | −HK$41.8m | −HK$81.7m |
| Net income | −HK$278.4m | −HK$134.4m | HK$54.0m | HK$167.2m | −HK$216.7m | −HK$255.7m | −HK$129.6m | −HK$39.6m | −HK$202.3m | −HK$91.6m |
| Diluted earnings per share | -0.69 | -0.57 | 0.23 | 0.04 | -0.06 | -0.07 | -0.04 | -0.01 | -0.06 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$255.8m | HK$421.7m | HK$504.1m | HK$505.4m | HK$699.0m | HK$1.03bn | HK$1.54bn | HK$1.39bn | HK$1.42bn | HK$1.67bn |
| Cash and short-term investments | HK$3.9m | HK$6.4m | HK$39.6m | HK$60.9m | HK$55.9m | HK$25.7m | HK$105.5m | HK$250.2m | HK$260.3m | HK$269.2m |
| Total liabilities | HK$204.3m | HK$273.0m | HK$221.9m | HK$350.0m | HK$696.3m | HK$855.4m | HK$1.10bn | HK$793.5m | HK$774.8m | HK$819.0m |
| Debt | HK$101.1m | HK$127.8m | HK$116.5m | HK$138.3m | HK$225.5m | HK$639.3m | HK$894.0m | HK$545.9m | HK$517.6m | HK$541.0m |
| Shareholders' equity | HK$51.5m | HK$148.7m | HK$282.2m | HK$155.4m | HK$2.8m | HK$172.2m | HK$436.3m | HK$599.7m | HK$641.2m | HK$853.6m |
| Shares outstanding | 404m | 238m | 231m | 4,388m | 3,462m | 3,413m | 3,413m | 3,413m | 3,413m | 3,413m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$58.8m | — | −HK$59.0m | −HK$113.3m | −HK$108.4m | HK$49.6m | HK$173.9m | −HK$28.9m | HK$34.7m | −HK$40.4m |
| Capital spending | −HK$1.5m | — | −HK$17,000 | −HK$5.0m | — | −HK$19.5m | −HK$4.2m | −HK$16.6m | −HK$7.2m | −HK$7.5m |
| Free cash flow | −HK$60.3m | — | −HK$59.0m | −HK$118.2m | −HK$108.4m | HK$30.1m | HK$169.7m | −HK$45.5m | HK$27.5m | −HK$47.8m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$6.8m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$76.7m | −HK$22.1m | −HK$32.5m | −HK$19.5m | −HK$44.4m | −HK$25.2m | −HK$79.5m | −HK$40.2m |
| Net income | −HK$144.0m | −HK$134.5m | HK$127,000 | HK$5.3m | HK$48.7m | HK$24.3m | −HK$85.3m | −HK$42.6m |
| Diluted earnings per share | -0.26 | -0.45 | 0.00 | 0.00 | 0.01 | 0.01 | -0.02 | -0.01 |
| Total assets | HK$255.8m | HK$421.7m | HK$522.0m | HK$504.1m | HK$461.3m | HK$461.3m | HK$505.4m | HK$505.4m |
| Cash and short-term investments | HK$3.9m | HK$6.4m | HK$6.1m | HK$16.1m | HK$18.4m | HK$18.4m | HK$42.0m | HK$42.0m |
| Debt | HK$14.9m | HK$45.7m | HK$66.7m | HK$73.3m | HK$80.2m | HK$80.2m | HK$84.9m | HK$119.3m |
| Shareholders' equity | HK$51.5m | HK$148.7m | HK$282.4m | HK$282.2m | HK$199.3m | HK$199.3m | HK$155.4m | HK$155.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.2% | -29.9% | -27.6% |
| Operating income | -3.7% | -10.4% | — |
| Net income | — | 1.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -106.8% | -30.5% | -34.4% | -8.6% |
| Net margin | -240.6% | -14.6% | -26.8% | -5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -1.9 | 14.3 | 146.9 | -137.5 | -94.1 | -105.2 | -834.6 | -214.2 | -613.1 |
| Price to sales | 8.4 | 3.2 | 0.8 | 132.3 | 47.5 | 44.7 | 9.3 | 18.4 | 22.4 | 28.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Sept 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.961 | 10.566 | 26.599 | 31.00 | 24.014 | 27.943 | 88.742 | 7.823 |
- 20-to-1 reverse split · 3 Oct 2024
- 1.007-for-1 split · 28 May 2014
- 2-for-1 split · 13 Sept 2010
- 6-for-1 split · 13 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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