G 
0.41
-4.65%
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$78.8m
FY2016FY2025
Net income
−HK$15.4m
FY2016FY2025
Free cash flow
−HK$9.4m
FY2016FY2025
Shareholders' equity
−HK$37.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$78.8m | HK$102.4m | HK$107.6m | HK$118.5m | HK$99.0m | HK$80.9m | HK$93.3m | HK$133.6m | HK$183.3m | HK$129.0m |
| Gross profit | HK$21.6m | HK$37.3m | HK$33.7m | HK$35.4m | HK$24.6m | HK$23.3m | HK$27.1m | HK$28.5m | HK$28.7m | HK$27.5m |
| Research and development | — | — | — | — | — | — | — | HK$4.4m | HK$1.5m | HK$2.4m |
| Operating income | −HK$8.8m | −HK$9.1m | −HK$2.1m | HK$3.4m | −HK$31.6m | −HK$10.9m | −HK$43.9m | −HK$196.4m | HK$18.9m | −HK$65.0m |
| Net income | −HK$15.4m | −HK$12.4m | −HK$9.8m | −HK$10.3m | −HK$36.8m | −HK$15.3m | −HK$44.4m | −HK$194.8m | HK$18.1m | −HK$68.1m |
| Diluted earnings per share | -0.30 | -0.25 | -0.19 | -0.20 | -0.73 | -0.30 | -0.88 | -3.86 | 0.36 | -1.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$102.1m | HK$106.4m | HK$120.3m | HK$137.0m | HK$116.8m | HK$144.0m | HK$138.7m | HK$161.5m | HK$295.5m | HK$204.1m |
| Cash and short-term investments | HK$32.8m | HK$43.8m | HK$36.2m | HK$36.3m | HK$37.1m | HK$37.3m | HK$30.5m | HK$39.2m | HK$86.0m | HK$26.7m |
| Total liabilities | HK$136.8m | HK$129.3m | HK$131.1m | HK$137.8m | HK$113.4m | HK$104.2m | HK$83.9m | HK$57.3m | HK$54.2m | HK$93.9m |
| Debt | HK$83.8m | HK$81.0m | HK$88.2m | HK$89.8m | HK$76.0m | HK$76.3m | HK$59.2m | HK$40.0m | HK$51.0m | HK$50.0m |
| Shareholders' equity | −HK$37.3m | −HK$23.4m | −HK$12.2m | −HK$1.7m | HK$9.2m | HK$45.2m | HK$59.2m | HK$104.2m | HK$242.3m | HK$111.2m |
| Shares outstanding | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$7.3m | HK$16.4m | HK$10.1m | −HK$1.6m | HK$7.2m | HK$13.7m | −HK$40.6m | −HK$16.2m | −HK$61.3m | −HK$99.2m |
| Capital spending | −HK$2.1m | −HK$1.6m | −HK$3.2m | −HK$3.6m | −HK$902,000 | −HK$7.4m | −HK$6.7m | −HK$8.6m | −HK$12.7m | −HK$14.5m |
| Free cash flow | −HK$9.4m | HK$14.8m | HK$6.9m | −HK$5.1m | HK$6.3m | HK$6.3m | −HK$47.2m | −HK$24.8m | −HK$74.0m | −HK$113.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$44.3m | HK$41.0m | HK$18.9m | HK$18.9m | HK$28.0m | HK$28.0m | HK$23.2m | HK$23.2m |
| Gross profit | HK$15.0m | HK$11.8m | HK$4.9m | HK$4.9m | HK$10.9m | HK$10.9m | HK$7.8m | HK$7.8m |
| Operating income | −HK$2.1m | −HK$354,000 | −HK$3.0m | −HK$3.0m | −HK$4.0m | −HK$4.0m | −HK$480,500 | −HK$480,500 |
| Net income | −HK$5.0m | −HK$5.4m | −HK$5.0m | −HK$5.0m | −HK$4.1m | −HK$4.1m | −HK$2.1m | −HK$2.1m |
| Diluted earnings per share | -0.00 | -0.11 | -0.10 | -0.10 | -0.08 | -0.08 | -0.04 | -0.04 |
| Cash from operations | — | −HK$7.0m | — | — | HK$17.0m | HK$9.0m | — | — |
| Capital spending | −HK$3.0m | — | — | — | — | — | — | — |
| Total assets | HK$98.7m | HK$102.1m | HK$100.8m | HK$100.8m | HK$106.4m | HK$106.4m | HK$110.2m | HK$110.2m |
| Cash and short-term investments | HK$29.5m | HK$32.8m | HK$40.9m | HK$40.9m | HK$45.9m | HK$45.9m | HK$32.8m | HK$32.8m |
| Debt | HK$79.3m | HK$83.8m | HK$84.0m | HK$45.2m | HK$81.0m | HK$42.2m | HK$85.6m | HK$74.1m |
| Shareholders' equity | −HK$42.1m | −HK$37.3m | −HK$33.2m | −HK$33.2m | −HK$23.4m | −HK$23.4m | −HK$16.7m | −HK$16.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.7% | -0.5% | -1.4% |
| Operating income | — | -4.1% | — |
| Net income | 14.3% | 0.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.5% | 31.4% | 30.0% | 26.2% |
| Operating margin | -9.8% | -4.1% | -10.1% | -27.2% |
| Net margin | -15.4% | -11.8% | -17.0% | -31.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -1.1 | -2.4 | -2.1 | -0.8 | -4.2 | -1.6 | -0.2 | 10.4 | -1.7 |
| Price to sales | 0.3 | 0.1 | 0.2 | 0.2 | 0.3 | 0.8 | 0.8 | 0.3 | 1.0 | 0.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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