C 
0.05
+6.12%
Close of 4 Nov 2026, in HKD
Search any instrument
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$580.8m
FY2016FY2025
Net income
−HK$89.1m
FY2016FY2025
Free cash flow
−HK$16.3m
FY2016FY2025
Shareholders' equity
HK$570.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$580.8m | HK$877.5m | HK$650.8m | HK$256.9m | HK$56.2m | HK$66.1m | HK$81.4m | HK$81.3m | HK$78.7m | HK$112.8m |
| Operating income | HK$14.1m | −HK$83.2m | HK$177.6m | HK$84.7m | −HK$13.9m | −HK$3.8m | −HK$10.3m | −HK$62.8m | −HK$82.1m | −HK$62.6m |
| Net income | −HK$89.1m | −HK$115.1m | HK$30.4m | HK$8.0m | −HK$13.3m | −HK$37.3m | −HK$18.9m | −HK$11.1m | −HK$89.9m | −HK$131.3m |
| Diluted earnings per share | -0.03 | -0.03 | 0.01 | 0.00 | -0.01 | -0.03 | -0.02 | -0.00 | -0.08 | -0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.30bn | HK$3.12bn | HK$4.29bn | HK$1.96bn | HK$1.90bn | HK$559.3m | HK$337.1m | HK$314.2m | HK$408.1m | HK$407.5m |
| Cash and short-term investments | HK$39.1m | HK$139.1m | HK$409.3m | HK$144.8m | HK$61.6m | HK$150.4m | HK$120.3m | HK$114.2m | HK$64.6m | HK$103.0m |
| Total liabilities | HK$1.72bn | HK$2.45bn | HK$3.49bn | HK$1.57bn | HK$1.53bn | HK$458.7m | HK$238.0m | HK$202.0m | HK$267.2m | HK$289.0m |
| Debt | HK$497.9m | HK$619.0m | HK$652.4m | HK$639.1m | HK$839.5m | HK$297.0m | HK$126.6m | HK$72.2m | HK$51.4m | HK$68.7m |
| Shareholders' equity | HK$570.6m | HK$665.5m | HK$801.8m | HK$386.5m | HK$365.0m | HK$100.6m | HK$99.1m | HK$112.3m | HK$140.9m | HK$118.4m |
| Shares outstanding | 3,428m | 3,428m | 2,848m | 2,309m | 2,002m | 1,078m | 1,078m | 1,078m | 1,007m | 799m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$16.3m | −HK$221.8m | HK$357.2m | HK$355.1m | −HK$31.2m | HK$14.1m | −HK$49.9m | HK$21.6m | −HK$145.2m | −HK$46.7m |
| Capital spending | — | — | — | −HK$237,000 | −HK$6.9m | −HK$1.2m | −HK$4.9m | −HK$8.8m | −HK$5.6m | −HK$4.4m |
| Free cash flow | −HK$16.3m | −HK$221.8m | HK$357.2m | HK$354.9m | −HK$38.0m | HK$12.9m | −HK$54.8m | HK$12.8m | −HK$150.8m | −HK$51.1m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$205.3m | HK$252.7m | HK$328.2m | HK$93.3m | HK$784.2m | HK$131.1m | HK$519.6m | HK$232.3m |
| Operating income | HK$12.1m | HK$17.8m | −HK$3.7m | −HK$184.4m | HK$101.2m | HK$42.9m | HK$134.7m | HK$69.9m |
| Net income | −HK$12.4m | −HK$49.7m | −HK$39.4m | −HK$172.7m | HK$57.6m | −HK$4.4m | HK$34.8m | HK$13.8m |
| Diluted earnings per share | -0.00 | -0.01 | -0.01 | -0.05 | 0.01 | -0.00 | 0.01 | 0.01 |
| Total assets | HK$2.11bn | HK$2.30bn | HK$2.79bn | HK$3.12bn | HK$3.49bn | HK$4.29bn | HK$1.39bn | HK$1.96bn |
| Cash and short-term investments | HK$94.9m | HK$39.1m | HK$116.2m | HK$139.1m | HK$213.3m | HK$413.3m | HK$290.9m | HK$192.9m |
| Debt | HK$460.1m | HK$463.3m | HK$542.0m | HK$549.7m | HK$564.5m | HK$590.1m | HK$420.1m | HK$581.8m |
| Shareholders' equity | HK$567.9m | HK$570.6m | HK$628.8m | HK$665.5m | HK$828.9m | HK$801.8m | HK$534.1m | HK$386.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.2% | 54.5% | 15.2% |
| Operating income | -45.0% | — | — |
| Net income | — | 19.0% | -14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.7% | 8.2% | 7.1% | -6.0% |
| Net margin | -14.0% | -7.0% | -8.7% | -30.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.2 | -6.3 | 7.8 | 59.9 | -25.1 | -2.7 | -9.8 | -18.8 | -2.7 | -2.1 |
| Price to sales | 0.5 | 0.8 | 0.4 | 1.9 | 6.0 | 1.6 | 2.3 | 2.6 | 3.1 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Sept 1995.
- 20-to-1 reverse split · 17 Oct 2012
- 4-for-1 split · 8 Dec 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.