T 
1.90
+1.06%
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$5.18bn
FY2016FY2025
Net income
HK$120.4m
FY2016FY2025
Free cash flow
−HK$8.4m
FY2016FY2025
Shareholders' equity
HK$2.83bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.18bn | HK$5.59bn | HK$6.52bn | HK$7.97bn | HK$9.43bn | HK$9.76bn | HK$9.19bn | HK$8.90bn | HK$8.56bn | HK$7.83bn |
| Gross profit | HK$793.8m | −HK$328.0m | HK$345.8m | HK$1.23bn | HK$1.64bn | HK$1.71bn | HK$1.68bn | HK$1.79bn | HK$2.23bn | HK$1.89bn |
| Research and development | HK$264.6m | HK$580.0m | HK$627.8m | HK$530.4m | HK$501.4m | HK$493.1m | HK$412.1m | HK$409.4m | HK$370.2m | HK$162.7m |
| Operating income | HK$193.0m | −HK$3.76bn | −HK$946.6m | HK$414.4m | HK$338.9m | HK$524.5m | HK$691.6m | HK$846.6m | HK$1.37bn | HK$1.27bn |
| Net income | HK$120.4m | −HK$3.94bn | −HK$1.23bn | HK$137.3m | HK$228.2m | HK$351.3m | HK$401.5m | HK$542.8m | HK$1.01bn | HK$1.00bn |
| Diluted earnings per share | 0.62 | -20.25 | -6.32 | 0.71 | 1.45 | 0.05 | 0.06 | 3.87 | 7.17 | 7.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$7.06bn | HK$7.15bn | HK$13.30bn | HK$14.23bn | HK$16.76bn | HK$14.30bn | HK$13.57bn | HK$13.64bn | HK$13.62bn | HK$10.59bn |
| Cash and short-term investments | HK$1.52bn | HK$1.20bn | HK$1.42bn | HK$1.20bn | HK$1.37bn | HK$1.35bn | HK$1.49bn | HK$768.4m | HK$792.5m | HK$869.1m |
| Total liabilities | HK$3.91bn | HK$4.25bn | HK$6.30bn | HK$6.60bn | HK$8.53bn | HK$7.63bn | HK$7.59bn | HK$7.70bn | HK$7.74bn | HK$5.92bn |
| Debt | HK$1.10bn | HK$1.01bn | HK$2.97bn | HK$2.99bn | HK$3.60bn | HK$3.55bn | HK$3.79bn | HK$4.15bn | HK$3.92bn | HK$2.98bn |
| Shareholders' equity | HK$2.83bn | HK$2.61bn | HK$6.68bn | HK$7.56bn | HK$8.16bn | HK$6.62bn | HK$5.95bn | HK$5.96bn | HK$5.83bn | HK$4.67bn |
| Shares outstanding | 195m | 195m | 195m | 194m | 158m | 6,480m | 6,480m | 140m | 140m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$200.4m | HK$584.5m | HK$7.0m | HK$743.4m | HK$408.3m | HK$1.40bn | HK$1.51bn | HK$1.04bn | HK$653.9m | HK$1.11bn |
| Capital spending | −HK$208.7m | −HK$400.1m | −HK$285.6m | −HK$684.1m | −HK$946.1m | −HK$699.9m | −HK$519.4m | −HK$915.1m | −HK$1.15bn | −HK$929.4m |
| Free cash flow | −HK$8.4m | HK$184.4m | −HK$278.6m | HK$59.4m | −HK$537.8m | HK$696.9m | HK$995.0m | HK$122.6m | −HK$500.9m | HK$180.2m |
| Dividends paid | — | — | — | — | — | −HK$3.2m | −HK$116.6m | −HK$355.9m | −HK$291.4m | −HK$235.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.36bn | HK$2.70bn | HK$2.48bn | HK$2.60bn | HK$2.99bn | HK$3.69bn | HK$2.83bn | HK$3.29bn |
| Gross profit | HK$342.1m | HK$430.4m | HK$363.4m | −HK$952.8m | HK$624.8m | −HK$228.1m | HK$573.9m | HK$619.9m |
| Operating income | −HK$24.9m | −HK$81.4m | −HK$91.7m | −HK$1.65bn | −HK$435.0m | −HK$1.02bn | HK$71.1m | HK$54.6m |
| Net income | HK$49.3m | HK$56.9m | HK$63.4m | −HK$3.96bn | HK$12.8m | −HK$1.25bn | HK$19.4m | HK$104.1m |
| Diluted earnings per share | 0.25 | 0.29 | 0.33 | -20.31 | 0.07 | -6.41 | 0.10 | 0.54 |
| Cash from operations | HK$17.0m | HK$152.0m | HK$11.0m | HK$62.0m | HK$538.0m | −HK$300.0m | HK$329.0m | HK$662.0m |
| Capital spending | −HK$83.0m | −HK$110.0m | −HK$98.0m | −HK$151.0m | −HK$248.0m | −HK$124.0m | −HK$351.0m | −HK$376.0m |
| Free cash flow | −HK$66.0m | HK$42.0m | −HK$87.0m | −HK$89.0m | HK$290.0m | −HK$424.0m | −HK$22.0m | HK$286.0m |
| Total assets | HK$6.78bn | HK$7.06bn | HK$7.15bn | HK$7.15bn | HK$10.53bn | HK$13.30bn | HK$13.71bn | HK$14.23bn |
| Cash and short-term investments | HK$1.34bn | HK$1.52bn | HK$1.50bn | HK$1.20bn | HK$996.7m | HK$1.42bn | HK$1.66bn | HK$1.20bn |
| Debt | HK$670.6m | HK$1.10bn | HK$1.15bn | HK$1.01bn | HK$944.8m | HK$2.97bn | HK$2.80bn | HK$2.99bn |
| Shareholders' equity | HK$2.94bn | HK$2.83bn | HK$2.73bn | HK$2.61bn | HK$6.56bn | HK$6.68bn | HK$7.73bn | HK$7.56bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.4% | -11.9% | -1.6% |
| Operating income | -22.5% | -18.1% | -14.5% |
| Net income | -4.3% | -19.3% | -16.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.3% | 8.1% | 12.1% | 17.0% |
| Operating margin | -33.1% | -16.2% | -7.3% | 2.2% |
| Net margin | -35.5% | -19.5% | -9.8% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.3 | -0.2 | -0.8 | 9.1 | 8.7 | 481.9 | — | 9.1 | 12.1 | 12.1 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 17.4 | 30.8 | 0.6 | 1.4 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 May 2020.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.90 | 2.90 | 2.40 | 2.05 | 1.80 | 1.30 | 1.05 |
- 50-to-1 reverse split · 13 Oct 2025
- 10-for-1 split · 30 Oct 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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