L 
0.37
-2.63%
Close of 9 Nov 2026, in HKD
Search any instrument
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$214.5m
FY2016FY2025
Net income
−HK$20.5m
FY2016FY2025
Free cash flow
−HK$12.4m
FY2016FY2025
Shareholders' equity
HK$56.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$214.5m | HK$194.0m | HK$239.0m | HK$344.3m | HK$241.0m | HK$452.6m | HK$289.2m | HK$331.1m | HK$219.3m | HK$120.5m |
| Gross profit | HK$31.0m | HK$28.6m | −HK$6.6m | HK$24.8m | HK$19.0m | HK$27.8m | HK$875,000 | HK$53.0m | HK$50.0m | HK$27.2m |
| Operating income | −HK$19.4m | HK$1.0m | −HK$33.5m | HK$4.6m | −HK$2.7m | HK$2.9m | −HK$22.4m | HK$32.3m | HK$40.4m | HK$22.2m |
| Net income | −HK$20.5m | HK$655,000 | −HK$30.0m | HK$2.2m | −HK$550,000 | HK$288,000 | −HK$20.5m | HK$15.2m | HK$28.0m | HK$17.6m |
| Diluted earnings per share | -0.03 | 0.00 | -0.04 | 0.00 | -0.00 | 0.00 | -0.03 | 0.02 | 0.04 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$131.9m | HK$140.9m | HK$179.2m | HK$221.1m | HK$207.8m | HK$260.9m | HK$244.1m | HK$233.3m | HK$141.1m | HK$67.7m |
| Cash and short-term investments | HK$14.7m | HK$29.9m | HK$12.6m | HK$10.1m | HK$10.7m | HK$5.2m | HK$26.4m | HK$51.2m | HK$33.2m | HK$4.6m |
| Total liabilities | HK$75.0m | HK$63.5m | HK$102.4m | HK$114.2m | HK$103.2m | HK$155.8m | HK$139.3m | HK$106.5m | HK$80.8m | HK$35.3m |
| Debt | HK$29.6m | HK$30.8m | HK$31.0m | HK$25.0m | HK$43.3m | HK$48.2m | HK$50.1m | HK$38.5m | HK$16.0m | HK$7.2m |
| Shareholders' equity | HK$56.9m | HK$77.4m | HK$76.8m | HK$106.8m | HK$104.6m | HK$105.1m | HK$104.9m | HK$126.8m | HK$60.3m | HK$32.4m |
| Shares outstanding | 800m | 800m | 800m | 800m | 800m | 800m | 800m | 696m | 660m | 660m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$12.3m | HK$30.9m | HK$512,000 | HK$24.4m | HK$18.5m | −HK$12.1m | −HK$1.6m | −HK$41.8m | HK$48.0m | HK$16.0m |
| Capital spending | −HK$100,000 | −HK$1.5m | −HK$279,000 | −HK$5.5m | −HK$4.2m | −HK$1.7m | −HK$7.4m | −HK$26.4m | −HK$3.1m | −HK$4.1m |
| Free cash flow | −HK$12.4m | HK$29.4m | HK$233,000 | HK$19.0m | HK$14.3m | −HK$13.8m | −HK$9.0m | −HK$68.2m | HK$44.9m | HK$11.8m |
| Dividends paid | — | — | — | — | — | — | — | −HK$1.9m | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$91.4m | HK$93.9m | HK$120.6m | HK$83.2m | HK$110.9m | HK$112.2m | HK$126.7m | HK$180.6m |
| Gross profit | HK$9.4m | HK$15.7m | HK$15.2m | HK$14.9m | HK$13.8m | −HK$19.6m | HK$13.0m | HK$12.2m |
| Operating income | −HK$2.0m | −HK$21.7m | HK$2.3m | HK$1.8m | −HK$690,000 | −HK$33.0m | −HK$457,000 | HK$1.6m |
| Net income | HK$311,000 | −HK$22.1m | HK$1.5m | HK$2.2m | −HK$1.6m | −HK$31.1m | HK$1.0m | HK$743,000 |
| Diluted earnings per share | 0.00 | -0.03 | 0.00 | 0.00 | -0.00 | -0.04 | 0.00 | 0.00 |
| Total assets | HK$106.7m | HK$131.9m | HK$157.8m | HK$140.9m | HK$184.9m | HK$179.2m | HK$207.7m | HK$221.1m |
| Cash and short-term investments | HK$1.6m | HK$14.7m | HK$12.3m | HK$29.9m | HK$7.8m | HK$12.6m | HK$9.3m | HK$10.1m |
| Debt | HK$6.0m | HK$2.6m | HK$7.0m | HK$4.6m | HK$6.3m | HK$3.3m | HK$8.4m | HK$593,000 |
| Shareholders' equity | HK$57.2m | HK$56.9m | HK$79.0m | HK$77.4m | HK$75.2m | HK$76.8m | HK$107.9m | HK$106.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.6% | -13.9% | 11.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.6% | 7.8% | 7.4% | 10.3% |
| Operating margin | -4.5% | -4.8% | -2.8% | 1.7% |
| Net margin | -4.9% | -4.8% | -2.8% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | 75.7 | -2.7 | 52.9 | -194.9 | — | -10.2 | 2.0 | 1.5 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.7 | 0.1 | 0.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.