C 
0.54
+1.90%
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$5.41bn
FY2016FY2025
Net income
−HK$188.4m
FY2016FY2025
Free cash flow
−HK$277.8m
FY2016FY2025
Shareholders' equity
HK$3.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.41bn | HK$5.52bn | HK$5.32bn | HK$5.28bn | HK$5.40bn | HK$4.94bn | HK$4.97bn | HK$5.23bn | HK$4.69bn | HK$4.87bn |
| Gross profit | HK$785.4m | HK$1.69bn | HK$1.64bn | HK$1.63bn | HK$1.63bn | HK$1.41bn | HK$1.61bn | HK$1.73bn | HK$1.54bn | HK$1.66bn |
| Research and development | HK$320.6m | HK$254.1m | HK$145.9m | HK$158.5m | HK$157.3m | HK$149.8m | HK$122.3m | HK$151.8m | HK$174.3m | HK$170.5m |
| Operating income | HK$227.7m | HK$783.1m | HK$391.0m | HK$219.5m | HK$334.9m | HK$84.8m | HK$376.3m | HK$555.7m | HK$423.8m | HK$475.4m |
| Net income | −HK$188.4m | −HK$126.6m | HK$17.3m | HK$132.0m | HK$162.8m | HK$125.2m | HK$181.7m | HK$263.0m | HK$258.4m | HK$252.0m |
| Diluted earnings per share | -0.02 | -0.01 | 0.00 | 0.01 | 0.02 | 0.01 | 0.02 | 0.03 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$11.84bn | HK$10.79bn | HK$11.25bn | HK$11.27bn | HK$11.73bn | HK$11.98bn | HK$10.71bn | HK$10.44bn | HK$10.58bn | HK$9.54bn |
| Cash and short-term investments | HK$603.1m | HK$571.2m | HK$676.2m | HK$704.1m | HK$902.5m | HK$971.7m | HK$713.1m | HK$785.0m | HK$1.05bn | HK$877.5m |
| Total liabilities | HK$7.99bn | HK$7.28bn | HK$7.06bn | HK$7.11bn | HK$7.23bn | HK$7.26bn | HK$6.54bn | HK$6.02bn | HK$5.83bn | HK$5.08bn |
| Debt | HK$6.62bn | HK$6.10bn | HK$5.93bn | HK$5.95bn | HK$6.21bn | HK$6.19bn | HK$5.63bn | HK$4.82bn | HK$4.60bn | HK$4.03bn |
| Shareholders' equity | HK$3.78bn | HK$3.51bn | HK$4.19bn | HK$4.16bn | HK$4.50bn | HK$4.72bn | HK$4.18bn | HK$4.26bn | HK$4.62bn | HK$4.26bn |
| Shares outstanding | 9,629m | 9,611m | 9,611m | 9,611m | 9,611m | 9,611m | 9,611m | 9,611m | 9,611m | 9,611m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$32.8m | HK$353.5m | HK$514.2m | HK$363.7m | HK$423.6m | HK$531.0m | HK$379.1m | HK$230.7m | HK$134.6m | HK$438.9m |
| Capital spending | −HK$245.0m | −HK$196.5m | −HK$291.8m | −HK$217.0m | −HK$217.2m | −HK$379.8m | −HK$197.8m | −HK$287.8m | −HK$94.5m | −HK$210.1m |
| Free cash flow | −HK$277.8m | HK$157.0m | HK$222.4m | HK$146.7m | HK$206.3m | HK$151.1m | HK$181.4m | −HK$57.1m | HK$40.1m | HK$228.9m |
| Dividends paid | — | — | −HK$76.9m | −HK$96.1m | −HK$96.1m | −HK$96.1m | −HK$96.1m | −HK$96.1m | −HK$96.1m | −HK$86.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$2.72bn | HK$2.80bn | HK$2.61bn | HK$2.89bn | HK$2.64bn | HK$2.74bn | HK$2.58bn | HK$2.74bn |
| Gross profit | HK$372.9m | HK$366.4m | HK$793.6m | HK$893.1m | HK$799.4m | HK$491.5m | HK$456.2m | HK$533.4m |
| Operating income | HK$86.0m | −HK$97.3m | HK$226.7m | HK$374.6m | HK$408.4m | HK$100.0m | HK$123.9m | HK$108.2m |
| Net income | −HK$28.7m | −HK$37.6m | −HK$150.8m | −HK$127.6m | HK$1.0m | −HK$19.7m | HK$36.9m | HK$66.8m |
| Diluted earnings per share | -0.00 | -0.00 | -0.02 | -0.01 | 0.00 | -0.00 | 0.00 | 0.01 |
| Cash from operations | −HK$50.0m | −HK$26.0m | −HK$6.0m | HK$208.0m | HK$145.0m | HK$433.0m | HK$80.0m | HK$15.0m |
| Capital spending | — | −HK$244.0m | — | −HK$196.0m | — | −HK$287.0m | — | — |
| Free cash flow | — | −HK$270.0m | — | HK$12.0m | — | HK$146.0m | — | — |
| Total assets | HK$12.16bn | HK$11.84bn | HK$11.29bn | HK$10.79bn | HK$10.89bn | HK$11.25bn | HK$11.05bn | HK$11.27bn |
| Cash and short-term investments | HK$535.7m | HK$603.1m | HK$797.8m | HK$571.2m | HK$562.1m | HK$676.2m | HK$505.9m | HK$704.1m |
| Debt | HK$2.53bn | HK$6.62bn | HK$6.50bn | HK$6.10bn | HK$5.95bn | HK$5.93bn | HK$5.94bn | HK$5.95bn |
| Shareholders' equity | HK$3.95bn | HK$3.78bn | HK$3.65bn | HK$3.51bn | HK$4.01bn | HK$4.19bn | HK$4.17bn | HK$4.16bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 1.8% | 1.0% |
| Operating income | 1.2% | 21.9% | -5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.7% | 26.7% | 27.5% | 30.2% |
| Operating margin | 9.2% | 7.5% | 6.4% | 7.6% |
| Net margin | -2.9% | -0.8% | 0.4% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -41.9 | -31.1 | 345.4 | 57.5 | 43.7 | 67.5 | 46.0 | 13.3 | 22.3 | 26.3 |
| Price to sales | 1.5 | 0.7 | 1.1 | 1.4 | 1.3 | 1.7 | 1.7 | 0.7 | 1.2 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.008 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.009 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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