F 
0.02
—
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$21.6m
FY2016FY2025
Net income
−HK$39.9m
FY2016FY2025
Free cash flow
−HK$10.8m
FY2016FY2025
Shareholders' equity
−HK$27.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$21.6m | HK$15.6m | HK$87.2m | HK$160.4m | HK$125.7m | HK$92.8m | HK$84.7m | HK$111.9m | HK$71.4m | HK$46.0m |
| Research and development | — | — | — | — | — | — | — | — | HK$117,000 | HK$553,000 |
| Operating income | −HK$32.8m | −HK$48.5m | −HK$36.6m | HK$6.8m | −HK$7.4m | HK$2.5m | HK$5.1m | HK$15.9m | HK$25.7m | HK$13.3m |
| Net income | −HK$39.9m | −HK$61.2m | −HK$34.2m | HK$4.9m | −HK$8.7m | HK$2.6m | HK$3.1m | HK$12.5m | HK$22.5m | HK$42.9m |
| Diluted earnings per share | -0.03 | -0.05 | -0.03 | 0.00 | -0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$29.0m | HK$41.1m | HK$107.7m | HK$110.3m | HK$106.3m | HK$97.7m | HK$78.0m | HK$105.5m | HK$54.9m | HK$63.6m |
| Cash and short-term investments | HK$368,000 | HK$225,000 | HK$22.1m | HK$656,000 | HK$1.7m | HK$6.0m | HK$30.5m | HK$37.8m | HK$23.8m | HK$25.7m |
| Total liabilities | HK$56.9m | HK$40.1m | HK$45.3m | HK$56.6m | HK$57.4m | HK$40.2m | HK$15.5m | HK$23.1m | HK$17.0m | HK$40.8m |
| Debt | — | HK$17.7m | HK$34.5m | HK$42.6m | HK$40.1m | HK$32.3m | HK$10.3m | HK$10.9m | HK$6.8m | HK$13.0m |
| Shareholders' equity | −HK$27.9m | HK$1.0m | HK$62.4m | HK$53.8m | HK$48.9m | HK$57.5m | HK$62.5m | HK$82.4m | HK$37.9m | HK$22.8m |
| Shares outstanding | 1,373m | 1,355m | 1,352m | 1,000m | 1,076m | 995m | 995m | 995m | 995m | 1,373m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.8m | HK$2.0m | −HK$4.1m | −HK$2.0m | −HK$11.2m | −HK$38.4m | HK$16.9m | HK$8.0m | −HK$746,000 | HK$5.3m |
| Capital spending | −HK$1,000 | −HK$3.9m | −HK$2.6m | — | −HK$7,000 | −HK$7,000 | −HK$210,000 | −HK$29.9m | −HK$10.6m | — |
| Free cash flow | −HK$10.8m | −HK$1.8m | −HK$6.7m | −HK$2.0m | −HK$11.2m | −HK$38.4m | HK$16.7m | −HK$21.9m | −HK$11.3m | HK$5.3m |
| Dividends paid | — | — | — | — | — | −HK$7.5m | −HK$23.0m | −HK$16.5m | −HK$4.3m | −HK$14.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$11.0m | HK$6.3m | HK$6.3m | HK$4.6m | HK$4.6m | HK$500 | HK$500 | HK$7.8m |
| Operating income | −HK$10.1m | −HK$9.6m | −HK$9.6m | −HK$6.9m | −HK$6.9m | −HK$42.7m | −HK$20.7m | −HK$3.5m |
| Net income | −HK$9.9m | −HK$13.2m | −HK$13.2m | −HK$6.8m | −HK$6.8m | −HK$26.9m | −HK$26.9m | −HK$3.7m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.02 | -0.02 | -0.00 |
| Cash from operations | — | −HK$1.0m | −HK$1.0m | −HK$3.0m | −HK$3.0m | HK$1.0m | HK$1.0m | — |
| Capital spending | — | — | — | — | — | −HK$1.0m | −HK$1.0m | — |
| Free cash flow | — | — | — | — | — | HK$0 | HK$0 | — |
| Total assets | HK$27.6m | HK$29.0m | HK$29.0m | HK$48.6m | HK$48.6m | HK$41.1m | HK$41.1m | HK$78.7m |
| Cash and short-term investments | HK$132,000 | HK$368,000 | HK$368,000 | HK$514,000 | HK$514,000 | HK$225,000 | HK$225,000 | HK$964,000 |
| Debt | — | — | — | HK$15.2m | HK$9.9m | HK$17.7m | HK$11.1m | HK$19.8m |
| Shareholders' equity | −HK$38.4m | −HK$27.9m | −HK$27.9m | −HK$1.8m | −HK$1.8m | HK$1.0m | HK$1.0m | HK$54.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -48.7% | -25.3% | -15.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -218.5% | -39.0% | -23.0% | -3.5% |
| Net margin | -271.5% | -45.8% | -27.1% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.1 | -7.0 | -12.4 | 4.7 | -1.5 | 6.7 | 13.4 | 3.5 |
| Price to sales | 11.3 | 27.3 | 4.9 | 0.1 | 0.1 | 0.2 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 May 2020.
| FY2020 | FY2019 | FY2018 | |
|---|---|---|---|
| Paid in the year | 0.008 | 0.01 | 0.01 |
- 10-for-1 split · 26 Jul 2024
- 10-to-1 reverse split · 5 Aug 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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