N 
0.35
-20.45%
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$1.69bn
FY2017FY2026
Net income
HK$10.1m
FY2017FY2026
Free cash flow
HK$45.1m
FY2017FY2026
Shareholders' equity
HK$1.39bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.69bn | HK$1.38bn | HK$1.31bn | HK$2.27bn | HK$2.45bn | HK$2.36bn | HK$3.02bn | HK$2.40bn | HK$1.66bn | HK$1.30bn |
| Gross profit | HK$324.7m | HK$289.4m | HK$205.6m | HK$334.0m | HK$396.5m | HK$407.6m | HK$399.4m | HK$380.4m | HK$353.6m | HK$209.6m |
| Operating income | HK$6.6m | −HK$1.3m | −HK$55.2m | HK$2.9m | HK$108.5m | HK$180.3m | HK$134.7m | HK$137.9m | HK$128.9m | HK$35.1m |
| Net income | HK$10.1m | −HK$7.9m | −HK$48.7m | HK$1.1m | HK$79.8m | HK$137.3m | HK$111.0m | HK$110.2m | HK$108.2m | HK$30.6m |
| Diluted earnings per share | 0.02 | -0.02 | -0.11 | 0.00 | 0.19 | 0.40 | 0.41 | 0.40 | 0.39 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.03bn | HK$1.96bn | HK$1.96bn | HK$2.08bn | HK$3.16bn | HK$3.16bn | HK$2.79bn | HK$1.82bn | HK$1.75bn | HK$1.23bn |
| Cash and short-term investments | HK$487.2m | HK$412.3m | HK$448.7m | HK$549.1m | HK$605.0m | HK$1.04bn | HK$776.6m | HK$660.3m | HK$267.3m | HK$464.7m |
| Total liabilities | HK$644.6m | HK$594.3m | HK$583.3m | HK$644.6m | HK$1.71bn | HK$1.92bn | HK$1.70bn | HK$826.4m | HK$818.5m | HK$387.5m |
| Debt | HK$31.6m | HK$56.5m | HK$61.4m | HK$73.0m | HK$86.6m | HK$20.3m | HK$89.1m | −HK$121.4m | −HK$83.0m | HK$84.7m |
| Shareholders' equity | HK$1.39bn | HK$1.36bn | HK$1.37bn | HK$1.44bn | HK$1.45bn | HK$1.25bn | HK$1.09bn | HK$988.8m | HK$926.8m | HK$843.2m |
| Shares outstanding | 456m | 455m | 455m | 455m | 425m | 345m | 273m | 276m | 276m | 276m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$120.6m | HK$28.2m | −HK$41.4m | HK$26.1m | −HK$294.0m | HK$348.0m | HK$84.8m | HK$440.9m | −HK$39.0m | −HK$196.7m |
| Capital spending | −HK$75.5m | −HK$95.1m | −HK$78.4m | −HK$74.9m | −HK$88.5m | −HK$70.8m | −HK$29.2m | −HK$63.1m | −HK$54.8m | −HK$8.2m |
| Free cash flow | HK$45.1m | −HK$66.9m | −HK$119.8m | −HK$48.8m | −HK$382.5m | HK$277.2m | HK$55.6m | HK$377.8m | −HK$93.8m | −HK$205.0m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$114.9m | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$863.8m | HK$431.9m | HK$411.6m | HK$411.6m | HK$624.9m | HK$312.4m | HK$375.2m | HK$375.2m |
| Gross profit | HK$164.5m | HK$82.2m | HK$80.1m | HK$80.1m | HK$147.2m | HK$73.6m | HK$71.1m | HK$71.1m |
| Operating income | HK$5.1m | −HK$1.3m | HK$9.4m | HK$9.4m | HK$5.2m | −HK$1.2m | HK$557,500 | HK$557,500 |
| Net income | −HK$5.2m | −HK$2.6m | HK$7.7m | HK$7.7m | −HK$9.1m | −HK$4.6m | HK$607,000 | HK$607,000 |
| Diluted earnings per share | -0.01 | -0.01 | 0.02 | 0.02 | -0.02 | -0.01 | 0.00 | 0.00 |
| Cash from operations | HK$72.0m | HK$33.0m | HK$47.0m | HK$23.0m | HK$77.0m | HK$33.0m | −HK$39.0m | −HK$19.0m |
| Capital spending | −HK$34.0m | −HK$17.0m | −HK$40.0m | −HK$20.0m | −HK$3.0m | −HK$3.0m | −HK$43.0m | −HK$43.0m |
| Free cash flow | HK$38.0m | HK$16.0m | HK$7.0m | HK$3.0m | HK$74.0m | HK$30.0m | −HK$82.0m | −HK$62.0m |
| Total assets | HK$2.03bn | HK$2.03bn | HK$2.12bn | HK$2.12bn | HK$1.96bn | HK$1.96bn | HK$2.03bn | HK$2.03bn |
| Cash and short-term investments | HK$487.2m | HK$483.8m | HK$448.5m | HK$444.1m | HK$412.3m | HK$410.3m | HK$357.0m | HK$357.0m |
| Debt | HK$18.6m | HK$18.6m | HK$64.5m | HK$45.3m | HK$56.5m | HK$29.3m | HK$59.9m | HK$26.8m |
| Shareholders' equity | HK$1.39bn | HK$1.39bn | HK$1.38bn | HK$1.38bn | HK$1.36bn | HK$1.36bn | HK$1.38bn | HK$1.38bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.4% | -6.5% | 3.2% |
| Operating income | 31.9% | -48.3% | -4.7% |
| Net income | 110.5% | -40.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.1% | 17.4% | 17.1% | 16.5% |
| Operating margin | 0.2% | -0.7% | 2.1% | 3.3% |
| Net margin | 0.1% | -0.7% | 1.5% | 1.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.6 | -29.9 | -2.1 | 96.1 | 2.0 | 1.8 | 1.8 | 1.4 | 2.2 | 11.1 |
| Price to sales | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 Jun 2017.
| FY2018 | FY2015 | FY2013 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.60 | 0.13 | 0.20 | 4.00 |
- 10-to-1 reverse split · 26 Mar 2019
- 10-to-1 reverse split · 17 Sept 2012
- 100-to-1 reverse split · 15 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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