D 
5.45
+1.49%
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$223.6m
FY2015FY2024
Net income
−HK$58.6m
FY2015FY2024
Free cash flow
−HK$78.6m
FY2015FY2024
Shareholders' equity
HK$387.3m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$223.6m | HK$307.3m | HK$372.3m | HK$589.5m | HK$558.3m | HK$630.2m | HK$569.4m | HK$394.6m | HK$245.6m | HK$222.5m |
| Gross profit | −HK$13.9m | −HK$4.5m | HK$3.4m | HK$111.2m | HK$122.4m | HK$152.6m | HK$151.6m | HK$75.1m | HK$16.9m | −HK$3.9m |
| Research and development | — | — | HK$874,000 | HK$899,000 | — | — | — | — | — | — |
| Operating income | −HK$55.2m | −HK$44.7m | −HK$56.3m | HK$62.9m | HK$84.4m | HK$126.3m | HK$124.4m | HK$36.5m | HK$988,700 | −HK$24.3m |
| Net income | −HK$58.6m | −HK$36.5m | −HK$40.5m | HK$46.5m | HK$60.9m | HK$73.6m | HK$99.7m | HK$28.6m | HK$2.8m | −HK$11.7m |
| Diluted earnings per share | -0.10 | -0.06 | -0.07 | 0.08 | 0.11 | 0.15 | 0.18 | 0.05 | 0.01 | -0.02 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.04bn | HK$1.15bn | HK$1.03bn | HK$1.11bn | HK$969.4m | HK$909.0m | HK$768.5m | HK$659.5m | HK$560.4m | — |
| Cash and short-term investments | HK$342.4m | HK$472.3m | HK$474.3m | HK$496.9m | HK$483.7m | HK$148.1m | HK$86.8m | HK$34.0m | HK$58.3m | — |
| Total liabilities | HK$654.9m | HK$618.8m | HK$447.4m | HK$427.2m | HK$328.8m | HK$322.3m | HK$244.2m | HK$219.5m | HK$149.0m | — |
| Debt | HK$300.6m | HK$262.7m | HK$180.3m | HK$137.8m | HK$82.5m | HK$41.9m | HK$77.6m | HK$71.6m | HK$59.6m | — |
| Shareholders' equity | HK$387.3m | HK$534.9m | HK$587.2m | HK$686.5m | HK$640.6m | HK$586.6m | HK$524.3m | HK$440.1m | HK$411.5m | — |
| Shares outstanding | 552m | 552m | 552m | 552m | 552m | 552m | 552m | 552m | 552m | 547m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$71.6m | −HK$112.3m | HK$124.5m | HK$25.0m | HK$159.7m | HK$256.0m | HK$161.9m | HK$12.4m | −HK$53.6m | HK$36.7m |
| Capital spending | −HK$7.0m | −HK$15.8m | −HK$42.1m | −HK$38.9m | −HK$33.5m | −HK$57.9m | −HK$52.4m | −HK$12.1m | −HK$3.3m | −HK$20.7m |
| Free cash flow | −HK$78.6m | −HK$128.1m | HK$82.3m | −HK$13.9m | HK$126.1m | HK$198.0m | HK$109.5m | HK$330,000 | −HK$56.9m | HK$16.0m |
| Dividends paid | — | — | — | −HK$40.0m | −HK$40.0m | −HK$37.6m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$125.8m | HK$117.0m | HK$106.6m | HK$166.7m | HK$140.6m | HK$70.3m | HK$169.0m | HK$84.5m |
| Gross profit | −HK$5.8m | −HK$6.1m | −HK$7.8m | −HK$7.0m | HK$2.5m | HK$1.3m | HK$18.9m | HK$9.4m |
| Operating income | −HK$7.9m | −HK$22.8m | −HK$28.9m | −HK$19.2m | −HK$20.2m | −HK$12.8m | −HK$28.3m | −HK$15.8m |
| Net income | −HK$9.2m | −HK$22.8m | −HK$35.9m | −HK$19.1m | −HK$17.4m | −HK$9.2m | −HK$21.8m | −HK$11.6m |
| Diluted earnings per share | -0.02 | -0.04 | -0.06 | -0.03 | -0.03 | -0.02 | -0.04 | -0.02 |
| Total assets | HK$959.5m | HK$1.04bn | HK$1.12bn | HK$1.15bn | HK$955.9m | HK$955.9m | HK$1.03bn | HK$1.03bn |
| Cash and short-term investments | HK$268.6m | HK$342.4m | HK$341.1m | HK$472.3m | HK$450.0m | HK$450.0m | HK$474.3m | HK$474.3m |
| Debt | HK$115.1m | HK$128.6m | HK$300.3m | HK$120.8m | HK$163.6m | HK$163.6m | HK$179.2m | HK$179.2m |
| Shareholders' equity | HK$391.2m | HK$387.3m | HK$485.1m | HK$534.9m | HK$543.0m | HK$535.4m | HK$587.2m | HK$580.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.6% | -18.7% | -4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -3.5% | 6.4% | 13.8% | 14.1% |
| Operating margin | -18.8% | -6.3% | 4.4% | 5.9% |
| Net margin | -17.9% | -6.0% | 1.7% | 3.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -24.6 | -42.2 | -41.6 | 52.0 | 12.4 | 11.6 | 7.5 | 25.9 | 284.9 | -64.3 |
| Price to sales | 6.4 | 5.0 | 4.5 | 4.1 | 1.4 | 1.4 | 1.3 | 1.9 | 3.3 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Dec 2024.
| FY2024 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|
| Paid in the year | 0.136 | 0.073 | 0.073 | 0.073 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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