B 
2.74
+3.40%
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$8.41bn
FY2017FY2025
Net income
−HK$328.9m
FY2017FY2025
Free cash flow
−HK$542.9m
FY2017FY2025
Shareholders' equity
HK$7.52bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$8.41bn | HK$8.56bn | HK$7.32bn | HK$7.95bn | HK$7.60bn | HK$7.00bn | HK$7.05bn | HK$6.77bn | HK$5.63bn |
| Gross profit | HK$5.02bn | HK$5.18bn | HK$4.54bn | HK$4.60bn | HK$4.44bn | HK$4.51bn | HK$4.52bn | HK$3.89bn | HK$3.00bn |
| Operating income | −HK$355.1m | −HK$1.00bn | HK$130.4m | HK$913.4m | HK$1.15bn | HK$1.75bn | HK$1.50bn | HK$749.2m | HK$157.2m |
| Net income | −HK$328.9m | −HK$749.3m | HK$325.3m | HK$611.4m | HK$1.01bn | HK$1.31bn | HK$1.08bn | HK$554.0m | HK$86.2m |
| Diluted earnings per share | -0.06 | -0.14 | 0.06 | 0.10 | 0.17 | 0.23 | 0.19 | 0.10 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$9.35bn | HK$10.31bn | HK$12.05bn | HK$12.73bn | HK$14.51bn | HK$15.80bn | HK$5.04bn | HK$4.29bn | HK$4.38bn |
| Cash and short-term investments | HK$3.72bn | HK$5.27bn | HK$7.33bn | HK$7.70bn | HK$9.23bn | HK$10.92bn | HK$690.1m | HK$468.0m | HK$547.4m |
| Total liabilities | HK$1.78bn | HK$1.64bn | HK$1.67bn | HK$1.66bn | HK$2.17bn | HK$4.12bn | HK$2.18bn | HK$2.43bn | HK$3.01bn |
| Debt | HK$73.4m | HK$99.7m | HK$158.9m | HK$199.6m | HK$236.4m | HK$57.7m | HK$474.1m | HK$926.7m | HK$1.06bn |
| Shareholders' equity | HK$7.52bn | HK$8.66bn | HK$10.38bn | HK$11.07bn | HK$12.35bn | HK$11.68bn | HK$2.86bn | HK$1.86bn | HK$1.37bn |
| Shares outstanding | 5,265m | 5,378m | 5,851m | 5,858m | 5,852m | 5,747m | 5,747m | 5,747m | 5,747m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$351.9m | −HK$894.8m | HK$749.3m | HK$560.7m | HK$1.42bn | HK$1.31bn | HK$1.03bn | HK$249.0m | HK$703.1m |
| Capital spending | −HK$191.0m | −HK$149.9m | −HK$92.6m | −HK$288.6m | −HK$325.0m | −HK$321.4m | −HK$196.8m | −HK$121.4m | −HK$345.8m |
| Free cash flow | −HK$542.9m | −HK$1.04bn | HK$656.7m | HK$272.1m | HK$1.10bn | HK$984.0m | HK$835.6m | HK$127.6m | HK$357.3m |
| Dividends paid | −HK$779.3m | −HK$549.1m | −HK$936.0m | −HK$773.2m | −HK$2.70bn | −HK$84.9m | −HK$37.0m | −HK$37.0m | −HK$37.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.88bn | HK$5.37bn | HK$3.04bn | HK$5.42bn | HK$3.13bn | HK$5.10bn | HK$2.22bn | HK$5.06bn |
| Gross profit | HK$1.65bn | HK$3.26bn | HK$1.76bn | HK$3.35bn | HK$1.84bn | HK$3.25bn | HK$1.17bn | HK$3.00bn |
| Operating income | −HK$338.9m | HK$171.3m | −HK$589.9m | −HK$65.6m | −HK$926.1m | HK$537.8m | −HK$444.2m | HK$900.5m |
| Net income | −HK$192.5m | HK$106.4m | −HK$435.3m | −HK$85.6m | −HK$663.7m | HK$492.8m | −HK$167.5m | HK$760.2m |
| Diluted earnings per share | -0.04 | 0.02 | -0.08 | -0.02 | -0.12 | 0.08 | -0.03 | 0.13 |
| Cash from operations | — | −HK$61.0m | −HK$293.0m | −HK$292.0m | −HK$607.0m | HK$577.0m | HK$168.0m | HK$1.26bn |
| Capital spending | — | −HK$117.0m | −HK$70.0m | −HK$55.0m | −HK$74.0m | −HK$5.0m | −HK$81.0m | −HK$139.0m |
| Free cash flow | — | −HK$178.0m | −HK$363.0m | −HK$347.0m | −HK$681.0m | HK$572.0m | HK$87.0m | HK$1.12bn |
| Total assets | HK$8.19bn | HK$9.35bn | HK$9.05bn | HK$10.31bn | HK$10.79bn | HK$12.05bn | HK$11.75bn | HK$12.73bn |
| Cash and short-term investments | HK$2.84bn | HK$3.72bn | HK$4.36bn | HK$5.27bn | HK$6.26bn | HK$7.33bn | HK$7.69bn | HK$7.70bn |
| Debt | HK$43.5m | HK$121.6m | HK$118.7m | HK$132.4m | HK$165.6m | HK$216.2m | HK$197.7m | HK$199.6m |
| Shareholders' equity | HK$6.74bn | HK$7.52bn | HK$7.78bn | HK$8.66bn | HK$9.36bn | HK$10.38bn | HK$9.81bn | HK$11.07bn |
Financial ratios
Data as of 29 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 59.7% | 60.6% | 62.0% | 57.8% | 58.4% | 64.5% |
| Operating margin | -4.2% | -11.7% | 1.8% | 11.5% | 15.1% | 25.0% |
| Net margin | -3.9% | -8.8% | 4.4% | 7.7% | 13.4% | 18.7% |
| Return on equity | -4.4% | -8.6% | 3.1% | 5.5% | 8.2% | 11.2% |
| Return on assets | -3.5% | -7.3% | 2.7% | 4.8% | 7.0% | 8.3% |
| Free cash flow yield | -1.3% | -5.8% | 6.1% | 6.1% | 12.6% | 11.9% |
| Revenue growth | -1.7% | 16.8% | -7.8% | 4.6% | 8.6% | -0.8% |
| Earnings growth | -56.1% | -330.3% | -46.8% | -39.7% | -22.5% | 21.3% |
| Current ratio | 4.16x | 5.46x | 6.70x | 7.27x | 6.40x | 3.48x |
| Debt to equity | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.00x |
| Equity ratio | 80.4% | 84.1% | 86.1% | 87.0% | 85.1% | 73.9% |
| Interest coverage | -107.56x | -215.86x | 19.43x | 95.30x | 55.44x | 240.57x |
| Buybacks as a share of market value | 2.1% | 8.1% | 0.1% | -0.1% | -1.8% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.9% | 3.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.2% | 60.0% | 60.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -43.1 | -22.2 | 38.9 | 50.2 | 42.8 | 67.1 |
| Price to sales | 1.7 | 1.9 | 1.7 | 3.9 | 5.7 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.14 | 0.10 | 0.168 | 0.138 | 0.069 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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