C 
0.07
-2.70%
Close of 5 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$48.1m
FY2016FY2025
Net income
−HK$18.7m
FY2016FY2025
Free cash flow
HK$6.9m
FY2016FY2025
Shareholders' equity
HK$93.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$48.1m | HK$54.0m | HK$58.0m | HK$55.6m | HK$56.1m | HK$51.0m | HK$92.0m | HK$106.0m | HK$92.9m | HK$80.6m |
| Operating income | −HK$31.8m | −HK$39.7m | −HK$49.4m | −HK$39.6m | −HK$15.0m | −HK$56.4m | −HK$16.4m | −HK$26.5m | −HK$60.5m | −HK$16.7m |
| Net income | −HK$18.7m | −HK$20.9m | −HK$48.6m | −HK$32.0m | −HK$15.5m | −HK$58.1m | −HK$17.1m | −HK$107.9m | −HK$52.7m | −HK$19.5m |
| Diluted earnings per share | -0.08 | -0.09 | -0.21 | -0.18 | -0.27 | -1.03 | -0.30 | -1.92 | -0.94 | -2.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$174.1m | HK$177.6m | HK$207.8m | HK$281.1m | HK$240.4m | HK$251.1m | HK$320.4m | HK$319.6m | HK$447.0m | HK$287.0m |
| Cash and short-term investments | HK$95.3m | HK$84.5m | HK$98.8m | HK$125.9m | HK$102.1m | HK$83.9m | HK$68.0m | HK$83.8m | HK$134.7m | HK$73.6m |
| Total liabilities | HK$61.3m | HK$49.3m | HK$57.5m | HK$81.3m | HK$69.8m | HK$66.1m | HK$76.2m | HK$60.0m | HK$29.2m | HK$47.5m |
| Debt | HK$8.7m | HK$12.8m | HK$15.1m | HK$31.2m | HK$31.6m | HK$39.0m | HK$38.4m | HK$4.5m | −HK$3.9m | −HK$2.5m |
| Shareholders' equity | HK$93.5m | HK$112.4m | HK$133.5m | HK$182.0m | HK$152.3m | HK$167.9m | HK$226.0m | HK$243.9m | HK$356.8m | HK$204.0m |
| Shares outstanding | 229m | 229m | 229m | 175m | 58m | 56m | 56m | 56m | 56m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$7.0m | −HK$37.8m | −HK$23.6m | −HK$25.6m | HK$28.2m | HK$38.3m | −HK$7.3m | −HK$41.8m | −HK$173.6m | −HK$15.1m |
| Capital spending | −HK$97,494 | −HK$151,868 | −HK$109,315 | −HK$92,669 | −HK$386,206 | −HK$3.2m | −HK$2.1m | −HK$3.8m | −HK$3.4m | −HK$6.5m |
| Free cash flow | HK$6.9m | −HK$38.0m | −HK$23.7m | −HK$25.7m | HK$27.8m | HK$35.1m | −HK$9.4m | −HK$45.6m | −HK$177.0m | −HK$21.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$15.5m | HK$7.8m | HK$21.3m | HK$10.6m | HK$12.4m | HK$13.4m | HK$14.0m | HK$14.0m |
| Operating income | −HK$9.5m | −HK$4.5m | −HK$19.0m | −HK$4.2m | −HK$23.6m | −HK$9.8m | −HK$9.6m | −HK$9.6m |
| Net income | −HK$10.0m | −HK$5.0m | HK$2.7m | HK$1.3m | −HK$25.1m | −HK$10.7m | HK$2.1m | HK$2.1m |
| Diluted earnings per share | -0.04 | -0.02 | 0.01 | 0.01 | -0.11 | -0.05 | 0.01 | 0.01 |
| Cash from operations | −HK$3.0m | −HK$3.0m | HK$3.0m | HK$1.0m | HK$1.0m | HK$1.0m | −HK$11.0m | −HK$11.0m |
| Total assets | HK$145.6m | — | HK$174.1m | HK$174.1m | HK$217.4m | — | HK$177.6m | HK$177.6m |
| Cash and short-term investments | HK$85.0m | HK$98.8m | HK$95.3m | HK$98.4m | HK$81.7m | HK$94.7m | HK$84.5m | HK$94.7m |
| Debt | HK$5.6m | — | HK$8.7m | HK$10.1m | HK$64.6m | — | HK$12.8m | HK$12.4m |
| Shareholders' equity | HK$83.5m | HK$112.8m | HK$93.5m | HK$93.5m | HK$90.8m | HK$128.3m | HK$112.4m | HK$112.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.7% | -1.2% | -4.0% |
| Operating income | -7.1% | -10.8% | 7.1% |
| Net income | -16.4% | -20.3% | 0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -70.0% | -74.5% | -71.9% | -48.0% |
| Net margin | -38.8% | -55.8% | -60.1% | -53.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -2.2 | -1.8 | -2.8 | -1.3 | -0.2 | -2.6 | -0.5 | -4.4 | -3.0 |
| Price to sales | 0.5 | 0.8 | 1.5 | 1.6 | 0.3 | 0.2 | 0.5 | 0.6 | 2.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 5 Jun 2020
- 10-to-1 reverse split · 2 Nov 2016
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.