I 
0.21
-0.49%
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$51.5m
FY2015FY2024
Net income
−HK$43.2m
FY2015FY2024
Free cash flow
−HK$22.7m
FY2015FY2024
Shareholders' equity
−HK$181.9m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$51.5m | HK$72.6m | HK$133.1m | HK$161.1m | HK$186.4m | HK$233.6m | HK$252.4m | HK$219.5m | HK$163.5m | HK$166.3m |
| Gross profit | HK$20.3m | HK$10.6m | HK$20.4m | HK$19.2m | HK$10.4m | HK$21.1m | HK$27.8m | HK$21.4m | HK$16.3m | HK$15.2m |
| Operating income | −HK$24.9m | −HK$87.1m | −HK$152.0m | −HK$75.9m | −HK$70.6m | −HK$66.5m | −HK$40.6m | −HK$6.2m | −HK$14.7m | −HK$12.0m |
| Net income | −HK$43.2m | −HK$127.7m | −HK$180.9m | −HK$99.0m | −HK$80.2m | −HK$77.9m | −HK$34.9m | −HK$9.1m | −HK$16.6m | −HK$10.4m |
| Diluted earnings per share | -0.13 | -0.41 | -0.58 | -0.33 | -0.28 | -0.27 | -0.12 | -0.03 | -0.06 | -0.04 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$87.2m | HK$100.9m | HK$246.4m | HK$288.5m | HK$223.8m | HK$225.7m | HK$246.5m | HK$232.8m | HK$202.7m | HK$223.3m |
| Cash and short-term investments | HK$10.7m | HK$19.0m | HK$49.1m | HK$65.7m | HK$55.1m | HK$57.0m | HK$56.4m | HK$72.4m | HK$96.1m | HK$42.5m |
| Total liabilities | HK$269.0m | HK$353.5m | HK$370.4m | HK$303.1m | HK$272.5m | HK$207.1m | HK$155.5m | HK$106.2m | HK$70.0m | HK$71.7m |
| Debt | HK$219.9m | HK$305.9m | HK$282.1m | HK$213.5m | HK$188.6m | HK$148.3m | HK$48.5m | HK$45.7m | HK$11.1m | HK$31.3m |
| Shareholders' equity | −HK$181.9m | −HK$252.6m | −HK$124.0m | −HK$14.6m | −HK$48.7m | HK$18.6m | HK$91.1m | HK$126.5m | HK$132.7m | HK$151.6m |
| Shares outstanding | 323m | 311m | 311m | 303m | 287m | 287m | 287m | 287m | 287m | 287m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$19.7m | −HK$51.4m | −HK$23.9m | −HK$54.3m | −HK$2.6m | −HK$32.1m | HK$9.6m | −HK$66.5m | −HK$12.4m | HK$20.1m |
| Capital spending | −HK$2.9m | −HK$186,000 | −HK$41.9m | −HK$48.0m | −HK$35.7m | −HK$23.4m | −HK$8.0m | −HK$9.9m | −HK$7.3m | −HK$2.0m |
| Free cash flow | −HK$22.7m | −HK$51.6m | −HK$65.8m | −HK$102.2m | −HK$38.3m | −HK$55.6m | HK$1.5m | −HK$76.3m | −HK$19.8m | HK$18.1m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.5m | HK$23.2m | HK$28.3m | HK$31.5m | HK$41.0m | HK$66.7m | HK$66.4m | HK$89.1m |
| Gross profit | HK$12.5m | HK$13.4m | HK$6.9m | HK$9.9m | HK$749,000 | HK$11.4m | HK$9.1m | HK$10.0m |
| Operating income | −HK$14.2m | −HK$10.3m | −HK$21.6m | −HK$66.3m | −HK$55.5m | −HK$51.0m | −HK$101.3m | −HK$58.6m |
| Net income | −HK$20.0m | −HK$17.2m | −HK$26.0m | −HK$88.8m | −HK$39.0m | −HK$72.5m | −HK$108.3m | −HK$64.9m |
| Diluted earnings per share | -0.06 | -0.05 | -0.08 | -0.29 | -0.13 | -0.23 | -0.35 | -0.22 |
| Cash from operations | — | −HK$15.0m | −HK$4.0m | −HK$34.0m | −HK$17.0m | −HK$25.0m | HK$1.0m | −HK$17.0m |
| Total assets | HK$90.8m | HK$87.2m | HK$76.8m | HK$100.9m | HK$168.7m | HK$246.4m | HK$265.6m | HK$288.5m |
| Cash and short-term investments | HK$31.5m | HK$10.7m | HK$11.9m | HK$19.0m | HK$28.0m | HK$49.1m | HK$65.5m | HK$65.7m |
| Debt | HK$2.4m | HK$4.8m | HK$79.2m | HK$93.9m | HK$174.7m | HK$192.2m | HK$239.5m | HK$5.4m |
| Shareholders' equity | −HK$175.3m | −HK$181.9m | −HK$279.6m | −HK$252.6m | −HK$175.8m | −HK$124.0m | −HK$96.8m | −HK$14.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.6% | -26.1% | -11.3% |
| Operating income | -31.0% | -17.9% | 22.8% |
| Net income | -24.2% | -11.1% | 18.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.9% | 16.9% | 12.2% | 11.0% |
| Operating margin | -90.3% | -81.3% | -56.9% | -30.6% |
| Net margin | -137.8% | -107.8% | -72.7% | -38.0% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -31.7 | -14.1 | -10.9 | -52.8 | -20.2 | -2.9 | -11.4 | -101.4 | -39.9 | -77.8 |
| Price to sales | 26.6 | 24.8 | 14.8 | 32.4 | 8.7 | 1.0 | 1.6 | 4.2 | 4.0 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Jun 2011.
| FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.008 | 0.05 | 0.05 | 0.05 | 0.049 | 0.056 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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