S 
0.11
—
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$40.2m
FY2016FY2025
Net income
−HK$9.8m
FY2016FY2025
Free cash flow
−HK$5.5m
FY2016FY2025
Shareholders' equity
HK$34.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$40.2m | HK$30.4m | HK$45.3m | HK$66.3m | HK$63.7m | HK$41.1m | HK$107.4m | HK$94.5m | HK$93.1m | HK$100.2m |
| Gross profit | HK$13.4m | HK$6.0m | HK$9.8m | HK$21.8m | HK$27.2m | HK$21.0m | HK$50.1m | HK$44.6m | HK$44.7m | HK$48.5m |
| Operating income | −HK$7.7m | −HK$22.5m | −HK$49.2m | −HK$42.8m | −HK$26.4m | −HK$39.5m | −HK$10.0m | −HK$12.4m | −HK$18.9m | HK$145.1m |
| Net income | −HK$9.8m | −HK$24.2m | −HK$49.1m | −HK$43.0m | −HK$22.1m | −HK$23.6m | −HK$2.7m | −HK$28.6m | −HK$179.9m | HK$115.2m |
| Diluted earnings per share | -0.04 | -0.16 | -0.33 | -0.29 | -0.19 | -0.20 | -0.01 | -0.24 | -1.54 | 1.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$76.5m | HK$66.0m | HK$85.1m | HK$110.4m | HK$154.7m | HK$202.9m | HK$237.5m | HK$223.1m | HK$254.9m | HK$444.3m |
| Cash and short-term investments | HK$31.0m | HK$18.5m | HK$33.7m | HK$37.8m | HK$63.7m | HK$72.1m | HK$111.3m | HK$107.4m | HK$125.3m | HK$324.9m |
| Total liabilities | HK$41.6m | HK$41.2m | HK$33.5m | HK$7.6m | HK$20.1m | HK$46.3m | HK$61.7m | HK$45.3m | HK$42.9m | HK$69.7m |
| Debt | HK$211,000 | — | — | −HK$500,000 | HK$6.8m | HK$955,000 | HK$9.4m | −HK$9.6m | −HK$1.3m | −HK$268,000 |
| Shareholders' equity | HK$34.9m | HK$24.8m | HK$51.6m | HK$100.8m | HK$132.5m | HK$154.6m | HK$173.7m | HK$175.8m | HK$210.0m | HK$372.6m |
| Shares outstanding | 260m | 148m | 148m | 148m | 119m | 117m | 468m | 117m | 117m | 80m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$5.5m | −HK$11.7m | −HK$6.0m | −HK$27.8m | −HK$50.8m | −HK$42.7m | −HK$10.3m | −HK$25.2m | −HK$20.8m | −HK$17.8m |
| Capital spending | — | — | — | — | −HK$1.5m | −HK$1.7m | −HK$1.7m | −HK$33,000 | −HK$520,000 | −HK$6.1m |
| Free cash flow | −HK$5.5m | −HK$11.7m | −HK$6.0m | −HK$27.8m | −HK$52.3m | −HK$44.4m | −HK$12.0m | −HK$25.3m | −HK$21.3m | −HK$24.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$20.2m | HK$10.1m | HK$10.6m | HK$10.6m | HK$9.5m | HK$9.5m | HK$5.9m | HK$5.9m |
| Gross profit | HK$6.7m | HK$3.3m | HK$1.6m | HK$1.6m | HK$5.1m | HK$5.1m | HK$1.0m | HK$1.0m |
| Operating income | HK$2.4m | HK$1.2m | −HK$5.1m | −HK$5.1m | HK$1.3m | HK$1.3m | −HK$11.3m | −HK$11.3m |
| Net income | HK$2.4m | HK$1.2m | −HK$6.2m | −HK$6.2m | HK$1.3m | HK$1.3m | −HK$9.1m | −HK$9.1m |
| Diluted earnings per share | 0.01 | 0.01 | -0.02 | -0.02 | 0.00 | 0.00 | -0.06 | -0.06 |
| Cash from operations | −HK$3.0m | −HK$3.0m | — | −HK$2.0m | −HK$2.0m | −HK$2.0m | −HK$1.0m | −HK$1.0m |
| Total assets | HK$90.3m | HK$90.3m | HK$76.5m | HK$76.5m | HK$74.9m | HK$74.9m | HK$66.0m | HK$66.0m |
| Cash and short-term investments | HK$28.1m | HK$28.1m | HK$31.0m | HK$31.0m | HK$13.5m | HK$13.5m | HK$18.5m | HK$18.5m |
| Debt | — | — | HK$211,000 | HK$211,000 | — | — | — | — |
| Shareholders' equity | HK$37.3m | HK$37.3m | HK$34.9m | HK$34.9m | HK$27.6m | HK$27.6m | HK$24.8m | HK$24.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.4% | -0.5% | -6.6% |
| Operating income | -43.5% | -27.8% | -1.9% |
| Net income | -38.9% | -16.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.4% | 28.0% | 34.5% | 43.3% |
| Operating margin | -42.8% | -67.1% | -65.6% | -12.3% |
| Net margin | -48.2% | -69.3% | -59.9% | -33.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -1.0 | -0.5 | -0.6 | -1.5 | -1.5 | -97.0 | -2.1 | -0.6 | 0.9 |
| Price to sales | 0.7 | 0.8 | 0.6 | 0.4 | 0.5 | 0.9 | 2.4 | 0.6 | 1.1 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 May 2014.
| FY2014 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|
| Paid in the year | 2.40 | 0.02 | 7.40 | 7.12 |
- 4-to-1 reverse split · 24 Jun 2022
- 20-to-1 reverse split · 10 Jun 2016
- 10-for-1 split · 15 Sept 2015
- 6-for-1 split · 6 Jan 2014
- 40-to-1 reverse split · 27 Jun 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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