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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.
Net income
−HK$59.8m
FY2016FY2025
Free cash flow
−HK$11.5m
FY2016FY2025
Shareholders' equity
HK$166.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$26.6m | −HK$27.9m | HK$37.4m | HK$18.1m | HK$40.3m | −HK$87.6m | −HK$71.6m | −HK$134.4m | −HK$252.5m | −HK$559.2m |
| Net income | −HK$59.8m | −HK$87.6m | HK$12.6m | HK$11.2m | HK$55.7m | −HK$72.7m | −HK$127.6m | −HK$144.9m | −HK$260.7m | −HK$344.6m |
| Diluted earnings per share | -0.01 | -0.02 | 0.00 | 0.00 | 0.01 | -0.01 | -0.02 | -0.03 | -0.05 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$310.7m | HK$369.4m | HK$441.5m | HK$594.8m | HK$657.9m | HK$1.13bn | HK$957.3m | HK$844.4m | HK$1.03bn | HK$1.51bn |
| Cash and short-term investments | HK$31.3m | HK$48.6m | HK$39.1m | HK$169.2m | HK$158.4m | HK$309.5m | HK$221.8m | HK$231.9m | HK$217.6m | HK$516.5m |
| Total liabilities | HK$143.8m | HK$146.1m | HK$124.5m | HK$298.9m | HK$340.1m | HK$874.0m | HK$589.2m | HK$426.2m | HK$375.8m | HK$459.1m |
| Debt | HK$103.4m | HK$103.9m | HK$80.0m | HK$131.2m | HK$153.0m | HK$326.3m | HK$70.7m | HK$164.8m | HK$196.9m | HK$299.6m |
| Shareholders' equity | HK$166.9m | HK$223.3m | HK$317.5m | HK$296.2m | HK$322.7m | HK$298.9m | HK$372.3m | HK$418.2m | HK$650.5m | HK$993.3m |
| Shares outstanding | 5,136m | 5,156m | 5,156m | 5,336m | 5,336m | 5,336m | 5,336m | 5,336m | 5,336m | 5,336m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.5m | −HK$319,000 | HK$35.0m | HK$9.4m | −HK$176.8m | −HK$90.2m | −HK$40.6m | −HK$52.6m | HK$318.9m | −HK$309.0m |
| Capital spending | −HK$1.0m | −HK$21.4m | −HK$23.4m | −HK$15.4m | −HK$88.4m | −HK$31.9m | −HK$17.7m | −HK$14.5m | −HK$32.2m | −HK$24.5m |
| Free cash flow | −HK$11.5m | −HK$21.7m | HK$11.6m | −HK$6.0m | −HK$265.2m | −HK$122.1m | −HK$58.3m | −HK$67.2m | HK$286.7m | −HK$333.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$5.4m | −HK$2.7m | −HK$18.4m | −HK$4.4m | −HK$4.1m | −HK$4.1m | −HK$8.7m | −HK$8.7m |
| Net income | −HK$15.2m | −HK$7.6m | −HK$40.6m | −HK$20.3m | −HK$9.6m | −HK$9.6m | −HK$31.9m | −HK$31.9m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 |
| Cash from operations | −HK$2.0m | −HK$2.0m | −HK$3.0m | −HK$3.0m | −HK$1.0m | −HK$1.0m | — | — |
| Total assets | HK$304.5m | HK$304.5m | HK$310.7m | HK$310.7m | HK$351.6m | HK$351.6m | HK$369.4m | HK$369.4m |
| Cash and short-term investments | HK$27.7m | HK$27.7m | HK$31.3m | HK$67.2m | HK$32.9m | HK$32.9m | HK$48.6m | HK$48.6m |
| Debt | HK$100.9m | HK$100.9m | HK$103.4m | HK$25.2m | HK$103.0m | HK$98.1m | HK$103.9m | HK$96.3m |
| Shareholders' equity | HK$154.2m | HK$154.2m | HK$166.9m | HK$166.9m | HK$207.4m | HK$207.4m | HK$223.3m | HK$223.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.6% | -41.8% | -12.2% |
| Operating income | — | -21.2% | 2.7% |
| Net income | — | -3.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -39.4% | 0.3% | -1.5% | -19.8% |
| Net margin | -106.6% | -36.6% | -4.4% | -17.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -3.2 | 22.0 | 28.3 | 6.3 | -3.0 | -0.6 | -0.7 | -0.5 | -1.0 |
| Price to sales | 1.3 | 4.2 | 4.3 | 2.4 | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-for-5 split · 11 May 2016
- 10-to-1 reverse split · 22 Dec 2015
- 10-to-1 reverse split · 1 Nov 2012
- 5-for-1 split · 4 Dec 2009
- 5-to-1 reverse split · 2 Jun 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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