W 
1.90
+6.15%
Close of 9 Nov 2026, in HKD
Search any instrument
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$80.1m
FY2017FY2026
Net income
−HK$29.8m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$33.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$80.1m | HK$44.5m | HK$124.5m | HK$70.0m | HK$46.4m | HK$209.3m | HK$434.3m | HK$270.7m | HK$586.8m | HK$62.2m |
| Operating income | −HK$47.0m | −HK$41.7m | −HK$21.4m | −HK$21.2m | −HK$29.3m | −HK$33.3m | HK$443,000 | −HK$34.4m | HK$212.8m | −HK$748,000 |
| Net income | −HK$29.8m | −HK$20.3m | HK$17.5m | −HK$30.0m | −HK$99.5m | −HK$44.1m | −HK$44.0m | −HK$36.6m | HK$199.5m | −HK$2.8m |
| Diluted earnings per share | -0.60 | -0.46 | 0.03 | -0.06 | -0.21 | -0.09 | -0.10 | -0.09 | 0.47 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$95.2m | HK$109.4m | HK$97.2m | HK$154.6m | HK$96.7m | HK$198.3m | HK$268.4m | HK$288.7m | HK$431.6m | HK$75.9m |
| Cash and short-term investments | HK$14.0m | HK$8.1m | HK$4.1m | HK$4.7m | HK$19.9m | HK$1.4m | HK$49.9m | HK$19.6m | HK$113.4m | HK$41.6m |
| Total liabilities | HK$64.2m | HK$63.6m | HK$37.8m | HK$141.1m | HK$44.0m | HK$66.5m | HK$103.6m | HK$78.8m | HK$170.4m | HK$16.3m |
| Debt | HK$24.8m | HK$11.2m | HK$8.0m | HK$52.8m | HK$24.2m | HK$11.0m | HK$39.5m | HK$14.7m | HK$506,000 | — |
| Shareholders' equity | HK$33.7m | HK$45.8m | HK$59.4m | HK$13.5m | HK$52.8m | HK$131.8m | HK$164.8m | HK$209.9m | HK$261.2m | HK$59.6m |
| Shares outstanding | 49m | 44m | 687m | 502m | 485m | 488m | 420m | 420m | 420m | 420m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | −HK$9.4m | −HK$54.7m | −HK$23.6m | −HK$48.7m | −HK$23.8m | HK$144.4m | −HK$31.1m | HK$19.7m | −HK$10.6m |
| Capital spending | — | — | — | −HK$2.4m | −HK$59.6m | −HK$54.9m | −HK$47.7m | −HK$1.1m | −HK$4.6m | −HK$826,000 |
| Free cash flow | — | −HK$9.4m | −HK$54.7m | −HK$26.0m | −HK$108.3m | −HK$78.7m | HK$96.7m | −HK$32.2m | HK$15.1m | −HK$11.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$33.9m | HK$23.1m | HK$23.1m | HK$24.5m | HK$12.2m | HK$10.0m | HK$10.0m | HK$12.8m |
| Operating income | −HK$33.7m | −HK$1.4m | −HK$1.4m | −HK$1.8m | −HK$1.7m | −HK$1.3m | −HK$1.3m | HK$13.5m |
| Net income | −HK$20.2m | −HK$4.8m | −HK$4.8m | −HK$20.6m | −HK$10.3m | HK$171,500 | HK$171,500 | HK$7.9m |
| Diluted earnings per share | -0.41 | -0.11 | -0.11 | -0.47 | -0.24 | 0.00 | 0.00 | 0.01 |
| Cash from operations | — | −HK$2.0m | −HK$2.0m | −HK$9.0m | — | HK$1.0m | HK$1.0m | −HK$47.0m |
| Capital spending | — | — | — | — | — | — | — | −HK$47.0m |
| Free cash flow | — | — | — | — | — | — | — | −HK$94.0m |
| Total assets | HK$95.2m | HK$126.4m | HK$126.4m | HK$109.4m | HK$109.4m | HK$110.4m | HK$110.4m | HK$97.2m |
| Cash and short-term investments | HK$14.0m | HK$13.7m | HK$89.7m | HK$8.1m | HK$8.1m | HK$95.8m | HK$95.8m | HK$91.5m |
| Debt | HK$24.7m | HK$8.0m | HK$8.0m | HK$11.2m | HK$11.3m | HK$5.0m | HK$5.0m | HK$8.0m |
| Shareholders' equity | HK$33.7m | HK$49.9m | HK$49.9m | HK$45.8m | HK$45.8m | HK$55.1m | HK$55.1m | HK$59.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | -17.5% | 3.7% |
| Operating income | 30.4% | 7.1% | — |
| Net income | -0.2% | -7.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -71.2% | -41.1% | -33.7% | -0.6% |
| Net margin | -40.2% | -19.6% | -35.9% | -4.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -5.6 | 59.6 | -34.5 | -13.5 | -56.0 | -21.5 | -40.2 | 12.4 | -1401.6 |
| Price to sales | 1.1 | 2.6 | 8.4 | 14.8 | 29.0 | 11.8 | 2.2 | 5.4 | 4.2 | 62.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 22 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.