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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.
Revenue
HK$123.5m
FY2016FY2025
Net income
−HK$49.2m
FY2016FY2025
Free cash flow
−HK$65.2m
FY2016FY2025
Shareholders' equity
−HK$31.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$123.5m | HK$148.9m | HK$223.6m | HK$35.8m | HK$49.0m | HK$29.1m | HK$126.2m | HK$155.7m | HK$94.5m | HK$16.3m |
| Operating income | −HK$47.0m | −HK$12.8m | HK$6.8m | −HK$62.3m | −HK$70.0m | −HK$32.6m | −HK$50.5m | −HK$8.6m | −HK$2.8m | −HK$21.9m |
| Net income | −HK$49.2m | −HK$26.1m | −HK$31.6m | −HK$58.5m | −HK$69.1m | −HK$30.7m | −HK$50.8m | −HK$8.3m | −HK$19.6m | −HK$17.3m |
| Diluted earnings per share | -0.02 | -0.01 | -0.02 | -0.03 | -0.06 | -0.02 | -0.04 | -0.01 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$83.7m | HK$123.5m | HK$150.3m | HK$143.7m | HK$209.7m | HK$118.9m | HK$149.1m | HK$139.0m | HK$115.2m | HK$65.9m |
| Cash and short-term investments | HK$50.8m | HK$84.4m | HK$83.2m | HK$62.1m | HK$125.7m | HK$42.6m | HK$40.4m | HK$62.1m | HK$63.4m | HK$25.9m |
| Total liabilities | HK$120.4m | HK$109.5m | HK$118.9m | HK$83.7m | HK$87.4m | HK$55.9m | HK$57.4m | HK$29.8m | HK$20.9m | HK$17.6m |
| Debt | HK$65.5m | HK$35.9m | HK$66.2m | HK$36.7m | HK$39.4m | HK$20.2m | HK$21.5m | HK$24.1m | −HK$357,000 | −HK$731,000 |
| Shareholders' equity | −HK$31.1m | HK$18.3m | HK$29.0m | HK$62.5m | HK$120.5m | HK$61.4m | HK$90.1m | HK$105.1m | HK$87.4m | HK$41.5m |
| Shares outstanding | 2,606m | 2,481m | 2,096m | 2,096m | 1,251m | 1,251m | 1,251m | 1,251m | 1,251m | 1,251m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$65.0m | HK$28.3m | −HK$35.9m | −HK$58.2m | −HK$36.1m | −HK$2.9m | −HK$9.8m | −HK$8.7m | −HK$18.0m | −HK$8.7m |
| Capital spending | −HK$122,000 | −HK$921,000 | −HK$4.8m | −HK$4.0m | −HK$11.0m | −HK$1.3m | −HK$3.1m | −HK$3.9m | −HK$2.0m | −HK$11.0m |
| Free cash flow | −HK$65.2m | HK$27.4m | −HK$40.8m | −HK$62.2m | −HK$47.1m | −HK$4.2m | −HK$12.9m | −HK$12.7m | −HK$20.0m | −HK$19.8m |
| Dividends paid | — | — | −HK$52,000 | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$14.9m | HK$7.5m | HK$25.9m | HK$25.9m | HK$35.8m | HK$35.8m | HK$20.8m | HK$20.8m |
| Operating income | −HK$19.9m | −HK$10.0m | −HK$9.6m | −HK$9.6m | −HK$13.1m | −HK$13.1m | −HK$8.3m | −HK$8.3m |
| Net income | −HK$16.0m | −HK$8.0m | −HK$20.1m | −HK$10.1m | −HK$14.5m | −HK$14.5m | −HK$9.6m | −HK$9.6m |
| Diluted earnings per share | -0.01 | -0.00 | -0.01 | -0.00 | -0.01 | -0.01 | -0.00 | -0.00 |
| Cash from operations | — | — | −HK$35.0m | −HK$4.0m | −HK$24.0m | — | — | — |
| Total assets | HK$68.2m | HK$68.2m | HK$83.7m | HK$83.7m | HK$144.4m | HK$144.4m | HK$123.5m | HK$123.5m |
| Cash and short-term investments | HK$40.2m | HK$40.4m | HK$50.8m | HK$51.0m | HK$86.0m | HK$86.0m | HK$84.4m | HK$84.4m |
| Debt | HK$65.2m | HK$65.1m | HK$65.7m | HK$65.2m | HK$65.5m | HK$65.5m | HK$35.9m | HK$35.7m |
| Shareholders' equity | −HK$46.6m | −HK$46.6m | −HK$31.1m | −HK$31.1m | −HK$10.2m | −HK$10.2m | HK$18.3m | HK$18.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 51.1% | 33.5% | 23.8% |
| Operating income | -9.0% | 7.6% | 7.4% |
| Net income | -5.6% | 9.9% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -22.0% | -21.7% | -35.7% | -31.9% |
| Net margin | -27.7% | -31.1% | -43.5% | -37.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -2.9 | -0.9 | -0.4 | -0.5 | -4.3 | -4.9 | -21.1 | -2.9 | -4.5 |
| Price to sales | 1.4 | 0.5 | 0.1 | 0.6 | 0.8 | 4.6 | 2.0 | 1.1 | 0.6 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Dec 2007.
| FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.80 | 0.053 | 0.053 | 0.188 | 0.075 | 0.088 |
- 10-to-1 reverse split · 1 Sept 2014
- 4-for-1 split · 1 Sept 2011
- 10-to-1 reverse split · 28 Oct 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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