A 
1.29
+9.32%
Close of 6 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$150.7m
FY2016FY2025
Net income
HK$7.6m
FY2016FY2025
Free cash flow
−HK$46.9m
FY2016FY2025
Shareholders' equity
HK$176.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$150.7m | HK$71.2m | HK$63.7m | HK$77.0m | HK$79.4m | HK$227.6m | HK$271.3m | HK$59.7m | HK$14.8m | HK$46.9m |
| Gross profit | HK$34.2m | HK$15.9m | HK$16.2m | HK$14.1m | HK$9.2m | HK$55.6m | HK$86.0m | HK$21.1m | HK$5.8m | HK$1.6m |
| Operating income | −HK$959,000 | −HK$11.6m | −HK$4.0m | −HK$21.7m | −HK$21.3m | HK$13.2m | HK$34.9m | −HK$1.5m | −HK$4.5m | −HK$96.4m |
| Net income | HK$7.6m | HK$6.8m | −HK$1.4m | −HK$22.4m | −HK$26.6m | HK$11.0m | HK$31.0m | −HK$145.0m | −HK$14.4m | −HK$100.0m |
| Diluted earnings per share | 0.01 | 0.01 | -0.00 | -0.02 | -0.02 | 0.01 | 0.03 | -0.13 | -0.02 | -0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$197.4m | HK$150.2m | HK$154.3m | HK$163.5m | HK$182.3m | HK$199.0m | HK$208.0m | HK$157.9m | HK$284.7m | HK$106.7m |
| Cash and short-term investments | HK$53.3m | HK$48.3m | HK$18.9m | HK$35.8m | HK$18.9m | HK$49.0m | HK$88.3m | HK$45.0m | HK$44.2m | HK$10.9m |
| Total liabilities | HK$20.5m | HK$37.1m | HK$23.9m | HK$22.7m | HK$24.1m | HK$37.1m | HK$49.5m | HK$25.7m | HK$13.3m | HK$49.4m |
| Debt | HK$4.7m | HK$9.0m | HK$210,000 | HK$727,000 | HK$4.0m | HK$865,000 | HK$45,000 | HK$222,000 | HK$391,000 | HK$551,000 |
| Shareholders' equity | HK$176.9m | HK$113.1m | HK$130.4m | HK$140.8m | HK$158.2m | HK$161.9m | HK$158.5m | HK$132.2m | HK$271.4m | HK$57.3m |
| Shares outstanding | 1,212m | 1,104m | 1,104m | 1,104m | 1,104m | 1,104m | 1,104m | 1,104m | 729m | 506m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$39.5m | HK$28.9m | −HK$14.0m | HK$17.7m | −HK$32.2m | −HK$35.1m | HK$51.1m | −HK$2.1m | −HK$27.8m | −HK$72.7m |
| Capital spending | −HK$7.4m | −HK$96,000 | −HK$35,000 | −HK$147,000 | −HK$1.6m | −HK$37,000 | −HK$750,000 | −HK$769,000 | — | −HK$31.0m |
| Free cash flow | −HK$46.9m | HK$28.8m | −HK$14.1m | HK$17.5m | −HK$33.8m | −HK$35.2m | HK$50.3m | −HK$2.9m | −HK$27.8m | −HK$103.7m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$67.4m | HK$96.5m | HK$54.2m | HK$47.8m | HK$23.4m | HK$11.7m | HK$36.0m | HK$18.0m |
| Gross profit | HK$14.9m | HK$22.7m | HK$11.5m | HK$11.0m | HK$4.8m | HK$2.4m | HK$9.1m | HK$4.5m |
| Operating income | −HK$720,000 | HK$7.0m | −HK$7.9m | −HK$5.4m | −HK$6.2m | −HK$3.2m | −HK$2.3m | −HK$144,000 |
| Net income | −HK$1.7m | HK$6.5m | HK$1.1m | HK$11.0m | −HK$4.1m | −HK$2.1m | HK$676,000 | HK$338,000 |
| Diluted earnings per share | -0.00 | 0.01 | 0.00 | 0.01 | -0.00 | -0.00 | 0.00 | — |
| Total assets | HK$195.6m | HK$197.4m | HK$133.8m | HK$150.2m | HK$138.1m | HK$138.1m | HK$154.3m | HK$154.3m |
| Cash and short-term investments | HK$20.3m | HK$53.3m | HK$27.2m | HK$48.3m | HK$16.8m | HK$16.8m | HK$18.9m | HK$18.9m |
| Debt | HK$572,000 | HK$1.9m | HK$3.4m | HK$5.9m | HK$3,000 | HK$3,000 | HK$42,000 | HK$42,000 |
| Shareholders' equity | HK$178.0m | HK$176.9m | HK$115.7m | HK$113.1m | HK$119.4m | HK$119.4m | HK$130.4m | HK$130.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.1% | -7.9% | 6.8% |
| Operating income | -64.6% | — | -40.3% |
| Net income | — | -7.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.6% | 22.2% | 21.7% | 21.1% |
| Operating margin | -5.7% | -10.6% | -6.9% | -24.5% |
| Net margin | 6.5% | -2.6% | -3.7% | -30.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 306.6 | 291.2 | -2654.1 | -12.1 | -16.6 | 120.1 | 30.2 | -19.0 | -126.7 | -13.1 |
| Price to sales | 15.5 | 27.9 | 59.8 | 3.5 | 5.6 | 5.8 | 3.5 | 46.2 | 122.8 | 28.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Aug 2008.
| FY2009 | |
|---|---|
| Paid in the year | 0.917 |
- 5-to-1 reverse split · 11 Sept 2020
- 2-to-1 reverse split · 18 Nov 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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