P 
0.22
+8.91%
Close of 6 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$1.88bn
FY2016FY2025
Net income
−HK$142.6m
FY2016FY2025
Free cash flow
−HK$398.1m
FY2016FY2025
Shareholders' equity
HK$15.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.88bn | HK$1.63bn | HK$2.13bn | HK$2.88bn | HK$3.19bn | HK$1.47bn | HK$515.1m | HK$384.6m | HK$633.3m | HK$658.9m |
| Gross profit | HK$163.9m | HK$130.1m | HK$181.1m | HK$210.6m | HK$192.8m | HK$80.3m | HK$45.9m | HK$71.3m | HK$95.8m | HK$155.0m |
| Research and development | HK$20.6m | HK$21.1m | HK$22.6m | HK$17.9m | HK$11.3m | — | — | — | — | — |
| Operating income | HK$44.1m | −HK$81.9m | −HK$95.8m | HK$75.0m | HK$71.1m | HK$41.1m | HK$15.2m | HK$44.4m | HK$68.8m | HK$98.9m |
| Net income | −HK$142.6m | −HK$159.1m | −HK$188.9m | −HK$12.2m | HK$2.6m | HK$13.6m | HK$12.1m | HK$30.4m | HK$64.5m | HK$69.4m |
| Diluted earnings per share | -0.18 | -0.20 | -0.24 | -0.02 | 0.00 | 0.02 | 0.02 | 0.04 | 0.08 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$5.87bn | HK$5.28bn | HK$5.04bn | HK$4.89bn | HK$4.44bn | HK$1.75bn | HK$928.4m | HK$819.4m | HK$865.9m | HK$699.0m |
| Cash and short-term investments | HK$408.8m | HK$314.9m | HK$153.3m | HK$565.6m | HK$390.6m | HK$252.7m | HK$367.7m | HK$149.3m | HK$217.3m | HK$233.8m |
| Total liabilities | HK$5.69bn | HK$4.97bn | HK$4.56bn | HK$4.27bn | HK$3.79bn | HK$1.20bn | HK$411.4m | HK$319.7m | HK$361.5m | HK$234.8m |
| Debt | HK$2.01bn | HK$1.74bn | HK$1.78bn | HK$1.29bn | HK$1.36bn | HK$446.8m | HK$238.6m | HK$139.7m | HK$172.8m | HK$68.2m |
| Shareholders' equity | HK$15.2m | HK$145.0m | HK$315.1m | HK$507.8m | HK$543.4m | HK$535.2m | HK$517.0m | HK$499.7m | HK$504.4m | HK$464.1m |
| Shares outstanding | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 780m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$386.1m | −HK$53.1m | −HK$882.7m | HK$311.5m | −HK$604.3m | −HK$165.1m | HK$145.4m | −HK$36.2m | −HK$30.4m | HK$36.3m |
| Capital spending | −HK$12.0m | −HK$4.0m | −HK$60.2m | −HK$46.2m | −HK$107.3m | −HK$63.7m | −HK$10.5m | −HK$13.7m | −HK$77.5m | −HK$85.7m |
| Free cash flow | −HK$398.1m | −HK$57.1m | −HK$942.9m | HK$265.3m | −HK$711.6m | −HK$228.7m | HK$134.9m | −HK$49.9m | −HK$107.9m | −HK$49.4m |
| Dividends paid | — | — | — | — | — | — | — | −HK$16.0m | −HK$24.0m | −HK$61.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$521.5m | HK$985.5m | HK$894.7m | HK$1.12bn | HK$509.0m | HK$1.25bn | HK$874.3m | HK$1.58bn |
| Gross profit | HK$22.5m | HK$110.5m | HK$53.4m | HK$94.8m | HK$35.4m | HK$132.9m | HK$48.2m | HK$125.8m |
| Operating income | −HK$38.9m | HK$52.2m | −HK$12.8m | −HK$54.6m | −HK$20.5m | −HK$88.7m | −HK$7.8m | HK$26.8m |
| Net income | −HK$71.9m | −HK$81.6m | −HK$60.9m | −HK$105.5m | −HK$53.6m | −HK$139.5m | −HK$49.3m | −HK$16.0m |
| Diluted earnings per share | -0.09 | -0.10 | -0.08 | -0.13 | -0.07 | -0.17 | -0.06 | -0.02 |
| Cash from operations | — | −HK$386.0m | −HK$80.0m | −HK$183.0m | HK$130.0m | −HK$456.0m | −HK$409.0m | HK$65.0m |
| Capital spending | — | −HK$11.0m | −HK$80.0m | −HK$2.0m | −HK$1.0m | −HK$40.0m | −HK$19.0m | — |
| Free cash flow | — | −HK$397.0m | −HK$160.0m | −HK$185.0m | HK$129.0m | −HK$496.0m | −HK$428.0m | — |
| Total assets | HK$5.13bn | HK$5.87bn | HK$5.13bn | HK$5.28bn | HK$4.69bn | HK$5.04bn | HK$4.67bn | HK$4.89bn |
| Cash and short-term investments | HK$313.6m | HK$408.8m | HK$466.9m | HK$314.9m | HK$598.0m | HK$153.3m | HK$335.3m | HK$565.6m |
| Debt | HK$1.65bn | HK$2.01bn | HK$1.92bn | HK$1.75bn | HK$1.75bn | HK$1.77bn | HK$1.48bn | HK$1.29bn |
| Shareholders' equity | −HK$51.4m | HK$15.2m | HK$88.3m | HK$145.0m | HK$251.2m | HK$315.1m | HK$452.6m | HK$507.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.2% | 5.1% | 12.6% |
| Operating income | -16.2% | 1.4% | -8.2% |
| Net income | 127.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.4% | 8.1% | 7.3% | 9.2% |
| Operating margin | -1.1% | -0.7% | 0.4% | 2.4% |
| Net margin | -8.6% | -5.9% | -3.7% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -0.5 | -1.0 | -39.4 | 192.2 | 42.4 | 54.9 | 33.7 | 6.0 | 7.6 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 1.3 | 2.7 | 0.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jun 2018.
| FY2018 | FY2017 | |
|---|---|---|
| Paid in the year | 0.02 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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