C 
5.24
-1.69%
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$43.7m
FY2016FY2025
Net income
−HK$4.8m
FY2016FY2025
Free cash flow
−HK$955,000
FY2016FY2025
Shareholders' equity
HK$44.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$43.7m | HK$27.9m | HK$43.0m | HK$67.5m | HK$78.1m | HK$77.1m | HK$89.9m | HK$101.2m | HK$64.6m | HK$38.1m |
| Operating income | HK$4.7m | −HK$34.0m | HK$5.3m | −HK$10.8m | −HK$21.0m | −HK$7.0m | −HK$9.0m | −HK$25.1m | −HK$31.1m | −HK$9.5m |
| Net income | −HK$4.8m | −HK$43.7m | −HK$1.5m | −HK$34.6m | −HK$56.3m | −HK$92.2m | −HK$65.9m | −HK$358.7m | −HK$263.4m | HK$123.3m |
| Diluted earnings per share | -0.05 | -0.48 | -0.02 | -0.48 | -0.10 | -0.19 | -0.13 | -0.73 | -0.54 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$51.9m | HK$32.0m | HK$78.0m | HK$87.1m | HK$101.8m | HK$172.3m | HK$326.8m | HK$399.7m | HK$901.2m | HK$1.10bn |
| Cash and short-term investments | HK$32.2m | HK$14.6m | HK$27.6m | HK$25.7m | HK$25.9m | HK$18.9m | HK$24.9m | HK$31.6m | HK$444.2m | HK$697.8m |
| Total liabilities | HK$7.3m | HK$15.3m | HK$17.0m | HK$30.8m | HK$36.0m | HK$62.6m | HK$108.4m | HK$107.1m | HK$268.8m | HK$190.3m |
| Debt | — | — | — | — | — | HK$62,000 | — | — | — | — |
| Shareholders' equity | HK$44.6m | HK$16.8m | HK$61.0m | HK$56.3m | HK$65.8m | HK$109.7m | HK$218.4m | HK$292.7m | HK$632.4m | HK$905.5m |
| Shares outstanding | 99m | 91m | 89m | 72m | 551m | 491m | 491m | 491m | 491m | 396m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$955,000 | −HK$5.6m | −HK$5.0m | −HK$19.2m | −HK$4.5m | −HK$627,000 | −HK$4.4m | HK$39.5m | −HK$11.0m | −HK$47.5m |
| Capital spending | — | — | — | — | — | — | — | — | — | −HK$5.0m |
| Free cash flow | −HK$955,000 | −HK$5.6m | −HK$5.0m | −HK$19.2m | −HK$4.5m | −HK$627,000 | −HK$4.4m | HK$39.5m | −HK$11.0m | −HK$52.6m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.8m | HK$17.6m | HK$26.1m | HK$2.9m | HK$25.0m | HK$12.5m | HK$1.7m | HK$849,000 |
| Operating income | HK$2.6m | HK$4.7m | −HK$22,000 | −HK$32.5m | −HK$1.6m | −HK$780,000 | HK$16.9m | HK$4.9m |
| Net income | HK$15.4m | −HK$3.5m | −HK$1.3m | −HK$36.3m | −HK$7.3m | −HK$3.7m | −HK$1.4m | −HK$685,000 |
| Diluted earnings per share | 0.07 | -0.03 | -0.01 | -0.40 | -0.09 | -0.05 | -0.02 | -0.01 |
| Total assets | HK$74.7m | HK$51.9m | HK$25.7m | HK$32.0m | HK$65.8m | HK$65.8m | HK$78.0m | HK$78.0m |
| Cash and short-term investments | HK$36.4m | HK$32.2m | HK$14.6m | HK$14.6m | HK$17.6m | HK$17.6m | HK$27.6m | HK$27.6m |
| Shareholders' equity | HK$61.5m | HK$44.6m | HK$13.5m | HK$16.8m | HK$53.6m | HK$53.5m | HK$61.0m | HK$61.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.5% | -10.7% | 7.9% |
| Net income | -48.3% | -44.7% | -29.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -41.0% | -19.2% | -18.6% | -23.3% |
| Net margin | -67.7% | -46.4% | -69.1% | -147.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.9 | -0.3 | -11.9 | -1.4 | -17.6 | -11.7 | -12.7 | -2.7 | -4.8 | 14.9 |
| Price to sales | 1.6 | 0.4 | 0.4 | 0.7 | 12.7 | 13.9 | 9.3 | 9.5 | 19.5 | 48.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 20 Sept 2023
- 20-to-1 reverse split · 21 May 2020
- 2-to-1 reverse split · 24 Jul 2015
- 10-for-1 split · 9 Nov 2007
- 10-to-1 reverse split · 30 Apr 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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