C
0.35
—
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$760.4m
FY2016FY2025
Net income
HK$2.3m
FY2016FY2025
Free cash flow
−HK$4.5m
FY2016FY2025
Shareholders' equity
HK$510.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$760.4m | HK$764.5m | HK$787.1m | HK$1.18bn | HK$1.20bn | HK$1.01bn | HK$1.18bn | HK$1.33bn | HK$845.5m | HK$815.1m |
| Gross profit | HK$142.1m | HK$131.7m | HK$118.3m | HK$182.3m | HK$226.4m | HK$203.4m | HK$217.9m | HK$301.8m | HK$184.9m | HK$170.1m |
| Operating income | HK$24.2m | −HK$2.2m | −HK$35.7m | −HK$34.3m | HK$30.3m | HK$46.1m | HK$50.7m | HK$124.9m | HK$28.2m | HK$3.8m |
| Net income | HK$2.3m | −HK$15.8m | −HK$67.2m | −HK$39.0m | HK$27.3m | HK$12.0m | HK$42.0m | HK$96.5m | HK$18.4m | −HK$66.0m |
| Diluted earnings per share | 0.01 | -0.05 | -0.20 | -0.11 | 0.08 | 0.03 | 0.12 | 0.27 | 0.05 | -0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.01bn | HK$1.10bn | HK$1.07bn | HK$1.30bn | HK$1.49bn | HK$1.15bn | HK$1.21bn | HK$1.37bn | HK$1.33bn | HK$1.24bn |
| Cash and short-term investments | HK$90.5m | HK$104.0m | HK$78.4m | HK$113.5m | HK$160.5m | HK$176.7m | HK$232.3m | HK$293.5m | HK$283.8m | HK$211.7m |
| Total liabilities | HK$496.4m | HK$582.1m | HK$532.9m | HK$660.8m | HK$834.3m | HK$554.3m | HK$572.6m | HK$708.2m | HK$807.2m | HK$706.0m |
| Debt | HK$281.8m | HK$315.4m | HK$380.3m | HK$465.2m | HK$534.3m | HK$350.5m | HK$376.5m | HK$405.6m | HK$492.6m | HK$450.2m |
| Shareholders' equity | HK$510.2m | HK$515.1m | HK$535.9m | HK$638.5m | HK$658.5m | HK$594.9m | HK$640.1m | HK$663.7m | HK$523.3m | HK$535.6m |
| Shares outstanding | 331m | 331m | 339m | 344m | 345m | 351m | 361m | 362m | 362m | 362m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.6m | HK$140.6m | HK$67.3m | HK$7.9m | HK$13.8m | HK$53.1m | HK$26.6m | HK$121.3m | HK$90.1m | HK$49.0m |
| Capital spending | −HK$3.0m | −HK$5.1m | −HK$11.2m | −HK$58.7m | −HK$69.9m | −HK$11.6m | −HK$9.7m | −HK$19.9m | −HK$30.3m | −HK$49.7m |
| Free cash flow | −HK$4.5m | HK$135.5m | HK$56.1m | −HK$50.9m | −HK$56.1m | HK$41.5m | HK$16.9m | HK$101.3m | HK$59.8m | −HK$654,000 |
| Dividends paid | — | — | — | — | — | −HK$14.0m | −HK$25.4m | — | — | −HK$19.9m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$367.3m | HK$366.3m | HK$394.1m | HK$378.6m | HK$385.9m | HK$192.9m | HK$310.1m | HK$155.1m |
| Gross profit | HK$71.1m | HK$71.0m | HK$71.0m | HK$64.5m | HK$67.2m | HK$33.6m | HK$37.8m | HK$18.9m |
| Operating income | HK$5.0m | HK$15.5m | HK$8.7m | −HK$2.2m | HK$39,000 | −HK$7.1m | −HK$29.7m | −HK$22.8m |
| Net income | −HK$5.6m | HK$9.9m | −HK$7.6m | −HK$6.3m | −HK$9.5m | −HK$4.8m | −HK$58.8m | −HK$29.4m |
| Diluted earnings per share | -0.02 | 0.03 | -0.02 | -0.02 | -0.03 | -0.01 | -0.18 | -0.09 |
| Cash from operations | −HK$4.0m | HK$12.0m | −HK$13.0m | HK$137.0m | HK$2.0m | — | HK$63.0m | — |
| Capital spending | — | −HK$2.0m | — | −HK$2.0m | −HK$2.0m | — | −HK$6.0m | — |
| Free cash flow | — | HK$10.0m | — | HK$135.0m | HK$0 | — | HK$57.0m | — |
| Total assets | HK$998.2m | HK$1.01bn | HK$1.07bn | HK$1.10bn | HK$1.06bn | HK$1.06bn | HK$1.07bn | HK$1.07bn |
| Cash and short-term investments | HK$64.1m | HK$90.5m | HK$81.9m | HK$104.0m | HK$49.1m | HK$50.7m | HK$78.4m | HK$78.4m |
| Debt | HK$238.8m | HK$242.6m | HK$241.5m | HK$260.8m | HK$304.9m | HK$304.9m | HK$313.6m | HK$313.6m |
| Shareholders' equity | HK$509.4m | HK$510.2m | HK$509.3m | HK$515.1m | HK$508.5m | HK$509.1m | HK$535.9m | HK$535.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.6% | -5.5% | -1.9% |
| Operating income | — | -12.1% | -7.4% |
| Net income | — | -28.4% | -27.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.0% | 16.5% | 17.6% | 19.3% |
| Operating margin | 1.4% | -1.4% | 0.5% | 2.7% |
| Net margin | -0.9% | -3.4% | -1.4% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.4 | -4.2 | -1.0 | -2.1 | 6.2 | 17.6 | 5.2 | 2.9 | 19.7 | -3.8 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Sept 2019.
| FY2020 | FY2019 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.07 | 0.055 | 0.035 | 0.022 | 0.012 | 0.019 | 0.025 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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