F 
0.32
-1.54%
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$310.7m
FY2017FY2026
Net income
−HK$11.4m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$47.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$310.7m | HK$373.7m | HK$407.6m | HK$158.4m | HK$1.7m | HK$2.6m | HK$254.9m | HK$322.6m | HK$421.1m | HK$390.8m |
| Operating income | −HK$11.1m | HK$3.7m | −HK$2.2m | −HK$7.4m | −HK$11.7m | −HK$15.0m | −HK$25.3m | −HK$29.8m | −HK$1.6m | −HK$14.5m |
| Net income | −HK$11.4m | −HK$1.2m | −HK$7.7m | −HK$4.1m | −HK$15.5m | −HK$16.5m | −HK$25.9m | −HK$33.1m | −HK$1.8m | −HK$14.2m |
| Diluted earnings per share | -0.29 | -0.03 | -0.22 | -0.12 | -0.59 | -0.82 | -1.30 | -1.66 | -0.09 | -0.71 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$109.1m | HK$116.7m | HK$123.2m | HK$132.7m | HK$39.0m | HK$40.6m | HK$59.1m | HK$107.9m | HK$148.4m | HK$184.3m |
| Cash and short-term investments | HK$61.3m | HK$71.5m | HK$67.7m | HK$45.7m | HK$11.0m | HK$20.0m | HK$28.7m | HK$54.9m | HK$81.0m | HK$138.6m |
| Total liabilities | HK$64.8m | HK$64.9m | HK$70.3m | HK$90.7m | HK$29.3m | HK$16.1m | HK$17.9m | HK$40.6m | HK$50.2m | HK$64.2m |
| Debt | HK$3.8m | HK$3.7m | HK$3.9m | HK$17.3m | HK$24.5m | HK$10.0m | HK$15.2m | HK$13.5m | HK$5.0m | HK$258,000 |
| Shareholders' equity | HK$47.1m | HK$54.4m | HK$55.5m | HK$45.9m | HK$9.6m | HK$24.5m | HK$41.0m | HK$67.0m | HK$97.7m | HK$119.4m |
| Shares outstanding | 40m | 41m | 34m | 34m | 26m | 20m | 20m | 20m | 20m | 20m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | HK$8.2m | HK$8.3m | HK$13.9m | −HK$16.1m | −HK$10.7m | −HK$17.6m | −HK$9.3m | −HK$34.1m | −HK$3.0m |
| Capital spending | — | −HK$857,000 | −HK$4.0m | −HK$9.2m | −HK$3.2m | −HK$90,000 | −HK$2.8m | −HK$3.0m | −HK$3.2m | −HK$3.9m |
| Free cash flow | — | HK$7.4m | HK$4.3m | HK$4.7m | −HK$19.3m | −HK$10.8m | −HK$20.3m | −HK$12.3m | −HK$37.3m | −HK$6.8m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$20.0m | −HK$20.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$85.6m | HK$85.6m | HK$69.8m | HK$69.8m | HK$191.7m | HK$95.8m | HK$91.0m | HK$91.0m |
| Operating income | −HK$14.9m | HK$7.6m | −HK$1.9m | −HK$1.9m | HK$5.4m | −HK$1.7m | −HK$163,000 | −HK$163,000 |
| Net income | −HK$3.8m | −HK$3.8m | −HK$1.9m | −HK$1.9m | −HK$625,000 | −HK$312,500 | −HK$266,500 | −HK$266,500 |
| Diluted earnings per share | -0.10 | -0.09 | -0.05 | -0.05 | -0.02 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | — | −HK$3.0m | −HK$1.0m | −HK$1.0m | — | HK$9.0m | HK$4.0m |
| Total assets | HK$109.1m | HK$109.1m | HK$118.0m | HK$118.0m | HK$116.7m | HK$116.7m | HK$128.2m | HK$128.2m |
| Cash and short-term investments | HK$61.3m | HK$61.3m | HK$72.5m | HK$72.5m | HK$71.5m | HK$71.5m | HK$75.4m | HK$75.4m |
| Debt | HK$3.3m | HK$3.7m | HK$2.4m | HK$5.5m | HK$6.0m | HK$4.6m | HK$5.5m | HK$4.9m |
| Shareholders' equity | HK$47.1m | HK$47.1m | HK$54.7m | HK$54.7m | HK$54.4m | HK$54.4m | HK$55.0m | HK$55.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 25.2% | 161.0% | -3.7% |
| Operating income | 14.4% | -5.8% | — |
| Net income | 40.4% | -7.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.1% | -1.4% | -3.5% | -2.8% |
| Net margin | -1.8% | -1.9% | -4.5% | -3.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.2 | -26.1 | -3.3 | -13.0 | -5.3 | -3.3 | -2.0 | -0.9 | -10.5 | -1.8 |
| Price to sales | 0.0 | 0.1 | 0.1 | 0.3 | 49.3 | 21.5 | 0.2 | 0.1 | 0.0 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Sept 2017.
| FY2018 | |
|---|---|
| Paid in the year | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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