C 
0.18
—
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$1.44bn
FY2016FY2025
Net income
−HK$43.8m
FY2016FY2025
Free cash flow
HK$159.7m
FY2016FY2025
Shareholders' equity
HK$440.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.44bn | HK$1.47bn | HK$1.69bn | HK$2.01bn | HK$2.10bn | HK$1.96bn | HK$1.84bn | HK$1.98bn | HK$2.15bn | HK$2.46bn |
| Gross profit | HK$558.5m | HK$579.4m | HK$643.7m | HK$683.0m | HK$643.3m | HK$632.0m | HK$619.7m | HK$694.3m | HK$731.8m | HK$821.4m |
| Operating income | −HK$32.0m | −HK$17.5m | HK$45.7m | HK$61.5m | HK$51.8m | HK$36.9m | −HK$1.9m | −HK$26.9m | −HK$42.5m | −HK$1.3m |
| Net income | −HK$43.8m | −HK$29.8m | HK$49.6m | HK$39.9m | HK$32.3m | HK$12.3m | −HK$9.5m | −HK$32.9m | −HK$50.0m | −HK$29.7m |
| Diluted earnings per share | -0.07 | -0.04 | 0.07 | 0.06 | 0.05 | 0.02 | -0.01 | -0.05 | -0.08 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$813.5m | HK$886.3m | HK$917.1m | HK$919.5m | HK$983.4m | HK$1.14bn | HK$1.02bn | HK$1.10bn | HK$1.20bn | HK$1.32bn |
| Cash and short-term investments | HK$56.7m | HK$71.4m | HK$86.0m | HK$78.7m | HK$70.4m | HK$62.3m | HK$49.5m | HK$51.5m | HK$81.2m | HK$77.9m |
| Total liabilities | HK$373.3m | HK$395.3m | HK$383.5m | HK$419.9m | HK$515.0m | HK$722.7m | HK$595.5m | HK$642.4m | HK$746.7m | HK$812.1m |
| Debt | HK$213.7m | HK$252.5m | HK$231.6m | HK$227.5m | HK$332.4m | HK$521.0m | HK$388.5m | HK$432.7m | HK$609.7m | HK$679.4m |
| Shareholders' equity | HK$440.2m | HK$491.0m | HK$533.5m | HK$499.7m | HK$468.4m | HK$412.3m | HK$425.7m | HK$455.4m | HK$457.0m | HK$503.4m |
| Shares outstanding | 666m | 666m | 666m | 666m | 666m | 666m | 666m | 666m | 666m | 666m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$166.6m | HK$160.9m | HK$211.5m | HK$307.1m | HK$355.9m | HK$341.8m | HK$79.6m | −HK$3.6m | HK$121.6m | HK$42.3m |
| Capital spending | −HK$6.8m | −HK$12.2m | −HK$16.6m | −HK$18.8m | −HK$13.8m | −HK$7.8m | −HK$7.8m | −HK$9.6m | −HK$19.1m | −HK$68.5m |
| Free cash flow | HK$159.7m | HK$148.7m | HK$194.9m | HK$288.3m | HK$342.1m | HK$334.0m | HK$71.9m | −HK$13.2m | HK$102.5m | −HK$26.2m |
| Dividends paid | — | −HK$6.7m | −HK$6.7m | −HK$6.0m | −HK$3.3m | — | — | — | — | −HK$6.7m |
Latest quarters
By quarter end
| Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | Apr 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$710.4m | HK$742.0m | HK$702.4m | HK$718.7m | HK$750.9m | HK$803.7m | HK$888.7m | HK$1.04bn |
| Gross profit | HK$280.7m | HK$282.8m | HK$275.6m | HK$277.0m | HK$302.4m | HK$318.4m | HK$325.3m | HK$346.1m |
| Operating income | −HK$13.1m | −HK$4.1m | −HK$25.4m | −HK$27.6m | HK$7.8m | HK$22.6m | HK$26.9m | HK$33.9m |
| Net income | −HK$19.2m | −HK$15.2m | −HK$28.6m | −HK$30.1m | HK$330,000 | HK$15.8m | HK$33.8m | HK$21.1m |
| Diluted earnings per share | -0.03 | -0.02 | -0.04 | -0.05 | 0.00 | 0.02 | 0.05 | 0.03 |
| Total assets | HK$794.7m | HK$813.5m | HK$880.6m | HK$886.3m | HK$923.3m | HK$917.1m | HK$936.6m | HK$919.5m |
| Cash and short-term investments | HK$52.6m | HK$56.7m | HK$54.5m | HK$71.4m | HK$75.6m | HK$86.0m | HK$87.2m | HK$78.7m |
| Debt | HK$54.8m | HK$66.2m | HK$91.4m | HK$91.1m | HK$100.2m | HK$95.5m | HK$106.0m | HK$89.0m |
| Shareholders' equity | HK$422.8m | HK$440.2m | HK$461.6m | HK$491.0m | HK$519.2m | HK$533.5m | HK$508.7m | HK$499.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | -5.9% | -5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.0% | 37.3% | 35.0% | 34.3% |
| Operating margin | -1.7% | 0.9% | 1.4% | 0.6% |
| Net margin | -2.5% | 0.2% | 0.6% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.6 | -2.9 | 3.3 | 8.5 | 12.8 | 38.3 | -32.5 | -12.2 | -7.2 | -21.3 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Oct 2023.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.01 | 0.009 | 0.005 | 0.01 | 0.007 | 0.005 | 0.005 |
- 1-to-1 reverse split · 14 Sept 2005
- 6-for-5 split · 6 Sept 2001
- 5-for-2 split · 9 Aug 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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