R 
0.22
-1.35%
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$174.7m
FY2016FY2025
Net income
−HK$16.5m
FY2016FY2025
Free cash flow
−HK$10.0m
FY2016FY2025
Shareholders' equity
HK$258.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$174.7m | HK$305.6m | HK$509.3m | HK$761.8m | HK$842.6m | HK$619.2m | HK$589.1m | HK$25.9m | HK$7.1m | HK$11.3m |
| Operating income | −HK$31.3m | −HK$7.4m | HK$1.2m | HK$22.4m | HK$48.7m | HK$36.9m | HK$25.4m | −HK$2.0m | HK$20.3m | −HK$1.0m |
| Net income | −HK$16.5m | −HK$4.5m | HK$280,000 | HK$12.8m | HK$33.1m | HK$33.7m | HK$26.4m | HK$21.9m | −HK$1.8m | −HK$33.1m |
| Diluted earnings per share | -0.02 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$290.9m | HK$276.6m | HK$368.7m | HK$408.2m | HK$536.4m | HK$559.1m | HK$471.0m | HK$190.5m | HK$181.5m | HK$261.1m |
| Cash and short-term investments | HK$90.6m | HK$76.1m | HK$65.8m | HK$70.7m | HK$109.2m | HK$97.0m | HK$25.4m | HK$24.4m | HK$116.2m | HK$59.3m |
| Total liabilities | HK$32.4m | HK$35.5m | HK$122.9m | HK$163.4m | HK$305.4m | HK$361.2m | HK$306.0m | HK$52.2m | HK$65.0m | HK$149.3m |
| Debt | HK$42.7m | HK$25.3m | HK$69.3m | HK$78.1m | HK$114.5m | HK$122.5m | HK$48.2m | HK$10.8m | HK$23.3m | HK$23.3m |
| Shareholders' equity | HK$258.5m | HK$241.1m | HK$245.8m | HK$244.7m | HK$231.0m | HK$197.9m | HK$164.9m | HK$138.3m | HK$116.5m | HK$111.7m |
| Shares outstanding | 1,053m | 912m | 921m | 9,206m | 9,212m | 9,212m | 9,212m | 9,022m | 8,910m | 8,910m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$9.8m | HK$98.1m | HK$23.1m | HK$137.6m | HK$58.2m | −HK$5.4m | −HK$228.2m | −HK$99.5m | HK$56.5m | HK$10.1m |
| Capital spending | −HK$227,000 | −HK$1.5m | −HK$3.4m | −HK$1.2m | −HK$260,000 | −HK$920,000 | −HK$33,000 | −HK$7,000 | — | −HK$48,000 |
| Free cash flow | −HK$10.0m | HK$96.6m | HK$19.7m | HK$136.4m | HK$58.0m | −HK$6.3m | −HK$228.3m | −HK$99.5m | HK$56.5m | HK$10.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$42.2m | HK$76.1m | HK$98.6m | HK$224.7m | HK$80.9m | HK$40.5m | HK$249.8m | HK$259.5m |
| Operating income | −HK$18.5m | −HK$17.2m | −HK$14.1m | −HK$5.5m | −HK$2.0m | −HK$1.8m | −HK$3.6m | HK$6.1m |
| Net income | HK$4.1m | −HK$7.7m | −HK$8.9m | −HK$1.1m | −HK$3.3m | −HK$1.8m | −HK$2.0m | HK$2.3m |
| Diluted earnings per share | 0.00 | -0.01 | -0.01 | -0.00 | -0.00 | — | -0.00 | 0.00 |
| Cash from operations | HK$30.0m | −HK$51.0m | HK$41.0m | HK$33.0m | HK$64.0m | — | HK$104.0m | −HK$81.0m |
| Total assets | HK$252.2m | HK$290.9m | HK$262.8m | HK$276.6m | HK$283.9m | HK$283.9m | HK$368.7m | HK$472.4m |
| Cash and short-term investments | HK$101.4m | HK$90.6m | HK$129.6m | HK$76.1m | HK$57.6m | HK$57.6m | HK$65.8m | HK$53.1m |
| Debt | — | HK$41.7m | HK$165,000 | HK$24.5m | HK$36.0m | HK$38.0m | HK$68.3m | HK$152.9m |
| Shareholders' equity | HK$263.9m | HK$258.5m | HK$266.9m | HK$241.1m | HK$241.7m | HK$237.3m | HK$245.8m | HK$243.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.8% | -22.4% | 36.4% |
| Operating income | — | — | 12.3% |
| Net income | — | — | -11.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.1% | -0.9% | 2.2% | 2.7% |
| Net margin | -4.4% | -0.5% | 1.8% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.4 | -47.3 | 329.0 | 115.5 | 80.8 | 65.6 | 83.8 | 99.0 | -1119.5 | -116.2 |
| Price to sales | 1.9 | 0.7 | 0.2 | 1.9 | 3.2 | 3.6 | 3.8 | 83.5 | 274.6 | 339.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Aug 2011.
| FY2012 | FY1997 | |
|---|---|---|
| Paid in the year | 0.27 | 4.80 |
- 10-to-1 reverse split · 3 Oct 2024
- 6-to-1 reverse split · 2 Oct 2013
- 16-to-3 reverse split · 30 Nov 2009
- 1-to-1 reverse split · 6 Jun 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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