C 
0.85
+1.20%
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$36.7m
FY2016FY2025
Net income
−HK$5.0m
FY2016FY2025
Free cash flow
HK$657,000
FY2016FY2025
Shareholders' equity
HK$5.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$36.7m | HK$26.9m | HK$22.0m | HK$27.1m | HK$34.4m | HK$34.6m | HK$71.1m | HK$53.1m | HK$28.3m | HK$336,000 |
| Operating income | −HK$4.2m | −HK$12.0m | −HK$10.4m | −HK$10.5m | −HK$17.1m | −HK$7.8m | HK$38.6m | HK$17.7m | −HK$81.5m | −HK$43.7m |
| Net income | −HK$5.0m | −HK$7.6m | −HK$10.1m | −HK$9.7m | −HK$19.2m | −HK$17.3m | −HK$7.4m | HK$16.2m | −HK$48.3m | −HK$37.0m |
| Diluted earnings per share | -0.05 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$21.7m | HK$15.7m | HK$32.8m | HK$41.4m | HK$90.9m | HK$66.4m | HK$131.8m | HK$107.7m | HK$70.5m | HK$92.1m |
| Cash and short-term investments | HK$16.1m | HK$13.3m | HK$20.3m | HK$28.6m | HK$48.8m | HK$57.5m | HK$75.8m | HK$40.4m | HK$59.2m | HK$23.8m |
| Total liabilities | HK$16.4m | HK$5.5m | HK$15.7m | HK$13.6m | HK$50.6m | HK$11.6m | HK$81.5m | HK$46.0m | HK$63.1m | HK$71.4m |
| Debt | HK$2.1m | HK$226,000 | HK$1.1m | HK$288,000 | HK$6.7m | HK$2.5m | HK$39.9m | HK$13.8m | HK$99.6m | HK$43.9m |
| Shareholders' equity | HK$5.8m | HK$10.8m | HK$18.4m | HK$27.4m | HK$38.7m | HK$56.6m | HK$51.2m | HK$58.8m | HK$7.7m | −HK$252,000 |
| Shares outstanding | 94m | 4,686m | 4,686m | 4,686m | 4,686m | 4,683m | 4,683m | 4,683m | 4,683m | 3,120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$811,000 | −HK$9.0m | −HK$9.6m | −HK$13.9m | −HK$9.8m | −HK$24.0m | HK$42.9m | −HK$8.5m | −HK$18.5m | −HK$16.0m |
| Capital spending | −HK$154,000 | — | — | −HK$16,000 | −HK$38,000 | −HK$31,000 | −HK$27,000 | −HK$10.4m | −HK$1.4m | −HK$2.5m |
| Free cash flow | HK$657,000 | −HK$9.0m | −HK$9.6m | −HK$13.9m | −HK$9.8m | −HK$24.0m | HK$42.9m | −HK$18.9m | −HK$19.8m | −HK$18.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$16.2m | HK$8.1m | HK$23.7m | HK$6.5m | HK$6.5m | HK$4.4m | HK$11.3m | HK$11.3m |
| Operating income | −HK$795,000 | −HK$430,500 | −HK$482,000 | −HK$1.6m | −HK$1.6m | −HK$7.7m | −HK$1.5m | −HK$1.5m |
| Net income | −HK$880,000 | −HK$440,000 | −HK$1.1m | −HK$1.9m | −HK$1.9m | −HK$4.2m | −HK$1.7m | −HK$1.7m |
| Diluted earnings per share | -0.01 | -0.00 | -0.01 | -0.02 | -0.02 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$2.0m | −HK$2.0m | HK$7.0m | −HK$3.0m | −HK$3.0m | −HK$9.0m | — | — |
| Capital spending | — | — | −HK$7.0m | — | — | — | — | — |
| Free cash flow | — | — | HK$0 | — | — | — | — | — |
| Total assets | HK$17.4m | HK$17.4m | HK$21.7m | HK$16.8m | HK$16.8m | HK$15.7m | HK$25.3m | HK$25.3m |
| Cash and short-term investments | HK$10.0m | HK$11.6m | HK$16.1m | HK$11.1m | HK$11.1m | HK$14.7m | HK$18.1m | HK$20.4m |
| Debt | HK$1.6m | HK$1.6m | HK$2.1m | — | — | HK$226,000 | HK$438,000 | HK$334,000 |
| Shareholders' equity | HK$5.1m | HK$5.1m | HK$5.8m | HK$6.9m | HK$6.9m | HK$10.8m | HK$15.0m | HK$15.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.7% | 1.2% | 43.9% |
| Operating income | -26.2% | -11.5% | -21.4% |
| Net income | -20.2% | -22.1% | -21.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -25.5% | -32.9% | -34.1% | -52.9% |
| Net margin | -19.7% | -28.7% | -37.9% | -59.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.8 | -555.1 | -533.1 | -697.2 | -415.0 | -405.7 | -1047.1 | — | -897.1 | -366.4 |
| Price to sales | 2.8 | 156.7 | 244.8 | 251.0 | 231.6 | 202.9 | 108.7 | 353.0 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 27 Feb 2012
- 2-to-1 reverse split · 21 Oct 2008
- 20-for-1 split · 23 Aug 2007
- 10-to-1 reverse split · 17 Nov 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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