J 
0.05
-2.04%
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$11.7m
FY2016FY2025
Net income
−HK$161.9m
FY2016FY2025
Free cash flow
−HK$74.7m
FY2016FY2025
Shareholders' equity
HK$475.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$11.7m | HK$113.3m | HK$5.08bn | HK$3.72bn | HK$1.40bn | HK$923.9m | HK$598.0m | HK$356.6m | HK$191.8m | HK$68.3m |
| Gross profit | −HK$12.2m | −HK$3.3m | HK$446.4m | HK$437.0m | HK$451.9m | HK$301.6m | HK$147.7m | HK$89.8m | HK$64.4m | HK$24.2m |
| Research and development | HK$6.4m | HK$3.2m | HK$70.0m | HK$52.8m | HK$71.8m | HK$27.4m | HK$8.6m | HK$5.3m | HK$4.2m | — |
| Operating income | −HK$158.4m | −HK$1.08bn | −HK$800.6m | −HK$380.8m | HK$260.0m | HK$214.7m | HK$95.6m | HK$62.8m | HK$47.6m | HK$15.9m |
| Net income | −HK$161.9m | −HK$1.07bn | −HK$784.2m | −HK$339.1m | HK$244.6m | HK$138.7m | HK$85.1m | HK$61.8m | HK$45.5m | HK$12.7m |
| Diluted earnings per share | -0.07 | -0.45 | -0.33 | -0.14 | 0.11 | 0.07 | 0.05 | 0.04 | 0.04 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$354.4m | HK$822.2m | HK$1.87bn | HK$2.80bn | HK$2.46bn | HK$2.28bn | HK$578.4m | HK$332.0m | HK$196.2m | HK$47.1m |
| Cash and short-term investments | HK$189.4m | HK$230.4m | HK$328.0m | HK$576.0m | HK$648.3m | HK$1.21bn | HK$166.0m | HK$135.2m | HK$91.1m | HK$11.3m |
| Total liabilities | HK$88.6m | HK$403.1m | HK$292.7m | HK$384.0m | HK$142.0m | HK$121.7m | HK$69.9m | HK$43.0m | HK$50.3m | HK$17.9m |
| Debt | HK$7.7m | HK$22.2m | HK$41.4m | HK$43.1m | HK$17.2m | HK$21.0m | HK$14.2m | HK$9.2m | HK$15.2m | — |
| Shareholders' equity | HK$475.8m | HK$502.6m | HK$1.60bn | HK$2.41bn | HK$2.32bn | HK$2.16bn | HK$508.4m | HK$289.0m | HK$145.9m | HK$29.2m |
| Shares outstanding | 2,372m | 2,372m | 2,369m | 2,340m | 2,148m | 1,933m | 1,632m | 1,389m | 1,120m | 1,075m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$60.5m | −HK$54.5m | −HK$237.8m | −HK$526.3m | −HK$342.3m | −HK$411.1m | −HK$81.3m | HK$16.4m | HK$6.9m | HK$7.8m |
| Capital spending | −HK$14.2m | −HK$277,000 | −HK$18.9m | −HK$35.1m | −HK$40.1m | −HK$14.2m | −HK$12.2m | −HK$3.6m | −HK$12.3m | −HK$10.1m |
| Free cash flow | −HK$74.7m | −HK$54.8m | −HK$256.7m | −HK$561.4m | −HK$382.4m | −HK$425.3m | −HK$93.5m | HK$12.8m | −HK$5.4m | −HK$2.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$24.3m | HK$24.3m | HK$1.4m | HK$1.4m | HK$4.4m | HK$4.4m | HK$1.0m | HK$1.0m |
| Gross profit | HK$4.7m | HK$4.7m | −HK$23.0m | HK$6.0m | HK$2.4m | HK$2.4m | −HK$1.9m | −HK$1.9m |
| Operating income | −HK$10.2m | −HK$10.2m | −HK$10.8m | −HK$43.4m | −HK$52.1m | −HK$52.1m | −HK$350.4m | −HK$350.4m |
| Net income | −HK$13.4m | −HK$13.4m | −HK$38.2m | −HK$38.2m | −HK$42.8m | −HK$42.8m | −HK$356.6m | −HK$356.6m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.02 | -0.15 | -0.15 |
| Cash from operations | — | — | −HK$28.0m | −HK$28.0m | −HK$3.0m | −HK$3.0m | −HK$9.0m | −HK$9.0m |
| Capital spending | — | — | −HK$1.0m | −HK$1.0m | −HK$6.0m | −HK$6.0m | — | — |
| Free cash flow | — | — | −HK$29.0m | −HK$29.0m | −HK$9.0m | −HK$9.0m | — | — |
| Total assets | HK$386.4m | HK$386.4m | HK$354.4m | HK$354.4m | HK$648.3m | HK$648.3m | HK$822.2m | HK$822.2m |
| Cash and short-term investments | HK$180.9m | HK$180.9m | HK$189.4m | HK$189.4m | HK$210.3m | HK$210.3m | HK$230.4m | HK$230.4m |
| Debt | HK$4.8m | HK$4.8m | HK$7.7m | HK$6.3m | HK$11.7m | HK$6.8m | HK$31.8m | HK$9.7m |
| Shareholders' equity | HK$478.2m | HK$478.2m | HK$475.8m | HK$475.8m | HK$433.0m | HK$433.0m | HK$502.6m | HK$502.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -85.4% | -58.3% | -9.6% |
| Operating income | -25.4% | — | — |
| Net income | -21.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -12.4% | 9.7% | 14.4% | 15.6% |
| Operating margin | -990.0% | -27.1% | -17.3% | -13.8% |
| Net margin | -984.3% | -26.3% | -17.5% | -14.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -1.5 | -0.2 | -0.7 | -14.8 | 7.6 | 14.5 |
| Price to sales | 20.5 | 2.3 | 0.1 | 1.4 | 1.3 | 2.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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