C 
0.42
+18.31%
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$73.5m
FY2016FY2025
Net income
−HK$68.8m
FY2016FY2025
Free cash flow
−HK$196.6m
FY2016FY2025
Shareholders' equity
HK$191.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$73.5m | HK$70.5m | HK$212.0m | HK$1.85bn | HK$623.8m | HK$655.8m | HK$59.2m | HK$70.3m | HK$105.1m | HK$86.6m |
| Research and development | HK$17.2m | HK$33.3m | HK$29.0m | HK$27.8m | HK$28.7m | HK$29.2m | HK$10.7m | — | — | — |
| Operating income | −HK$76.1m | −HK$236.3m | −HK$140.5m | HK$855.0m | HK$189.4m | HK$200.1m | −HK$84.1m | −HK$69.6m | −HK$73.2m | −HK$93.1m |
| Net income | −HK$68.8m | −HK$198.1m | −HK$95.4m | HK$258.1m | HK$19.4m | HK$30.2m | −HK$107.5m | −HK$64.3m | −HK$63.0m | −HK$50.2m |
| Diluted earnings per share | -0.07 | -0.20 | -0.10 | 0.27 | 0.02 | 0.03 | -0.11 | -0.07 | -0.07 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$702.6m | HK$530.0m | HK$662.4m | HK$1.47bn | HK$706.8m | HK$904.1m | HK$416.6m | HK$337.8m | HK$303.4m | HK$323.0m |
| Cash and short-term investments | HK$12.1m | HK$18.9m | HK$72.1m | HK$92.8m | HK$152.3m | HK$385.8m | HK$46.8m | HK$157.0m | HK$76.1m | HK$88.5m |
| Total liabilities | HK$546.8m | HK$287.6m | HK$171.6m | HK$644.0m | HK$240.9m | HK$392.0m | HK$103.2m | HK$18.8m | HK$52.1m | HK$47.7m |
| Debt | HK$394.9m | HK$187.8m | HK$100.4m | HK$81.8m | HK$67.2m | HK$93.7m | HK$42.2m | HK$4.9m | HK$31.5m | HK$22.0m |
| Shareholders' equity | HK$191.4m | HK$264.9m | HK$462.8m | HK$602.7m | HK$395.4m | HK$343.3m | HK$289.2m | HK$324.1m | HK$254.7m | HK$265.5m |
| Shares outstanding | 976m | 974m | 963m | 963m | 964m | 967m | 968m | 968m | 968m | 968m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$54.5m | −HK$151.9m | HK$191.7m | HK$482.7m | HK$40.5m | HK$422.0m | −HK$30.3m | −HK$14.8m | −HK$57.0m | −HK$25.4m |
| Capital spending | −HK$142.1m | −HK$51.7m | −HK$62.9m | −HK$69.8m | −HK$12.2m | −HK$126.6m | −HK$7.4m | −HK$6.5m | −HK$5.1m | −HK$8.2m |
| Free cash flow | −HK$196.6m | −HK$203.5m | HK$128.8m | HK$413.0m | HK$28.3m | HK$295.4m | −HK$37.7m | −HK$21.3m | −HK$62.0m | −HK$33.6m |
| Dividends paid | — | — | −HK$9.6m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$37.2m | HK$17.3m | HK$17.3m | HK$19.4m | HK$19.4m | HK$19.0m | HK$19.0m | HK$16.2m |
| Operating income | −HK$34.3m | −HK$40.1m | −HK$16.5m | −HK$9.7m | −HK$9.7m | −HK$9.2m | −HK$9.2m | −HK$62.3m |
| Net income | HK$18.2m | −HK$18.4m | −HK$18.4m | −HK$16.0m | −HK$16.0m | −HK$59.1m | −HK$59.1m | −HK$40.0m |
| Diluted earnings per share | 0.02 | -0.02 | -0.02 | -0.02 | -0.02 | -0.06 | -0.06 | -0.04 |
| Cash from operations | — | — | — | −HK$4.0m | — | −HK$28.0m | −HK$28.0m | −HK$47.0m |
| Capital spending | — | — | — | — | — | −HK$55.0m | −HK$55.0m | −HK$80.0m |
| Free cash flow | — | — | — | — | — | −HK$83.0m | −HK$83.0m | −HK$127.0m |
| Total assets | HK$814.9m | HK$702.6m | — | HK$538.4m | HK$538.4m | HK$530.0m | HK$530.0m | HK$630.6m |
| Cash and short-term investments | HK$53.8m | HK$12.1m | — | HK$11.3m | HK$11.3m | HK$18.9m | HK$18.9m | HK$33.2m |
| Debt | HK$121.7m | HK$444.2m | — | HK$213.4m | HK$143.6m | HK$187.8m | HK$144.4m | HK$166.9m |
| Shareholders' equity | HK$216.4m | HK$191.4m | — | HK$238.9m | HK$238.9m | HK$264.9m | HK$264.9m | HK$390.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -65.9% | -35.4% | 8.0% |
| Operating income | — | — | 4.2% |
| Net income | — | — | 1.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -216.9% | 18.2% | 22.7% | 11.0% |
| Net margin | -185.3% | -4.7% | -1.6% | -10.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.2 | -2.5 | -7.8 | 4.3 | 68.6 | 41.7 | -11.5 | -29.4 | -15.3 | -7.0 |
| Price to sales | 10.5 | 7.0 | 3.5 | 0.6 | 2.1 | 1.9 | 20.9 | 26.8 | 9.2 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 May 2023.
| FY2023 | FY2004 | |
|---|---|---|
| Paid in the year | 0.01 | 0.50 |
- 2-to-1 reverse split · 23 Feb 2016
- 5-to-1 reverse split · 1 Apr 2015
- 5-to-1 reverse split · 19 Sept 2013
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.