W 
0.25
-8.89%
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$45.5m
FY2017FY2026
Net income
−HK$3.5m
FY2017FY2026
Free cash flow
HK$4.9m
FY2017FY2026
Shareholders' equity
HK$26.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$45.5m | HK$41.6m | HK$53.3m | HK$71.4m | HK$98.3m | HK$115.4m | HK$116.1m | HK$206.3m | HK$191.8m | HK$181.6m |
| Operating income | −HK$1.5m | −HK$31.8m | −HK$69.6m | −HK$49.6m | −HK$57.7m | −HK$96.3m | −HK$64.3m | −HK$35.4m | HK$2.7m | HK$33.0m |
| Net income | −HK$3.5m | −HK$45.4m | −HK$114.4m | −HK$54.1m | −HK$64.3m | −HK$94.0m | −HK$63.4m | −HK$37.1m | −HK$6.8m | HK$26.3m |
| Diluted earnings per share | -0.11 | -1.46 | -3.69 | -0.10 | -0.16 | -0.34 | -0.22 | -0.14 | -0.03 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$38.5m | HK$41.9m | HK$86.8m | HK$188.7m | HK$225.1m | HK$278.7m | HK$378.8m | HK$443.5m | HK$519.5m | HK$514.7m |
| Cash and short-term investments | HK$7.1m | HK$4.1m | HK$10.0m | HK$58.4m | HK$52.2m | HK$68.2m | HK$47.7m | HK$38.3m | HK$14.2m | HK$33.0m |
| Total liabilities | HK$13.3m | HK$13.2m | HK$14.3m | HK$17.0m | HK$21.8m | HK$11.0m | HK$15.7m | HK$23.6m | HK$39.5m | HK$24.4m |
| Debt | HK$4.5m | HK$4.3m | HK$5.9m | HK$11.1m | HK$15.2m | HK$4.2m | HK$4.5m | HK$8.0m | HK$23.2m | HK$9.7m |
| Shareholders' equity | HK$26.1m | HK$29.5m | HK$72.8m | HK$171.7m | HK$203.4m | HK$267.7m | HK$360.7m | HK$417.0m | HK$477.5m | HK$487.1m |
| Shares outstanding | 31m | 31m | 31m | 519m | 393m | 274m | 289m | 263m | 263m | 266m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$5.5m | HK$6.5m | −HK$28.1m | −HK$244,000 | −HK$195,000 | HK$23.1m | HK$29.7m | HK$42.6m | −HK$16.7m | HK$7.5m |
| Capital spending | −HK$604,000 | −HK$8.7m | −HK$1.7m | −HK$6.7m | −HK$7.1m | −HK$9.3m | −HK$1.0m | −HK$5.8m | −HK$8.9m | −HK$3.1m |
| Free cash flow | HK$4.9m | −HK$2.2m | −HK$29.7m | −HK$6.9m | −HK$7.2m | HK$13.8m | HK$28.7m | HK$36.8m | −HK$25.7m | HK$4.4m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$10.4m | HK$10.4m | HK$12.3m | HK$12.3m | HK$21.2m | HK$10.6m | HK$10.2m | HK$10.2m |
| Operating income | −HK$1.3m | HK$213,000 | −HK$213,000 | −HK$213,000 | −HK$19.0m | HK$5.8m | −HK$5.8m | −HK$5.8m |
| Net income | −HK$1.5m | −HK$1.5m | −HK$231,000 | −HK$231,000 | −HK$34.0m | −HK$17.0m | −HK$5.7m | −HK$5.7m |
| Diluted earnings per share | -0.05 | -0.05 | -0.01 | -0.01 | -1.09 | -0.55 | -0.18 | -0.18 |
| Cash from operations | — | — | HK$5.0m | HK$5.0m | HK$2.0m | HK$2.0m | — | — |
| Capital spending | — | — | — | — | −HK$4.0m | −HK$4.0m | — | — |
| Free cash flow | — | — | — | — | −HK$2.0m | −HK$2.0m | — | — |
| Total assets | HK$38.5m | HK$38.5m | HK$48.5m | HK$48.5m | HK$41.9m | HK$41.9m | HK$79.8m | HK$79.8m |
| Cash and short-term investments | HK$7.1m | HK$12.4m | HK$10.3m | HK$15.1m | HK$4.1m | HK$9.9m | HK$9.3m | HK$27.9m |
| Debt | HK$2.6m | HK$2.6m | HK$6.1m | HK$3.0m | HK$4.3m | HK$2.4m | HK$2.6m | HK$2.6m |
| Shareholders' equity | HK$26.1m | HK$26.1m | HK$29.1m | HK$29.1m | HK$29.5m | HK$29.5m | HK$61.4m | HK$61.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.9% | -17.0% | -9.2% |
| Operating income | -68.6% | -56.3% | — |
| Net income | -60.0% | -48.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -38.3% | -72.0% | -72.1% | -27.0% |
| Net margin | -56.2% | -102.7% | -88.3% | -34.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -0.3 | -0.1 | -9.6 | -14.9 | -5.2 | -10.8 | -23.3 | -119.7 | 71.9 |
| Price to sales | 0.2 | 0.3 | 0.2 | 7.3 | 9.7 | 4.3 | 5.9 | 4.2 | 4.2 | 10.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 29 Nov 2024
- 10-to-1 reverse split · 24 Mar 2015
- 20-to-1 reverse split · 18 Jun 2013
- 3-for-1 split · 4 Mar 2013
- 10-to-1 reverse split · 25 Aug 2011
- 10-to-1 reverse split · 9 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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