C 
0.05
—
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$210.9m
FY2016FY2025
Net income
−HK$27.2m
FY2016FY2025
Free cash flow
HK$17.0m
FY2016FY2025
Shareholders' equity
HK$199.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$210.9m | HK$160.8m | HK$183.4m | HK$184.7m | HK$141.5m | HK$88.2m | HK$91.6m | HK$143.9m | HK$152.5m | HK$182.8m |
| Gross profit | HK$23.1m | HK$14.3m | HK$15.0m | HK$31.2m | HK$33.6m | HK$37.2m | HK$16.7m | HK$18.8m | HK$40.1m | HK$30.7m |
| Research and development | HK$2.6m | HK$2.0m | HK$1.0m | HK$827,000 | — | — | — | — | — | — |
| Operating income | −HK$5.0m | −HK$15.4m | −HK$6.7m | −HK$4.8m | −HK$2.4m | HK$11.9m | −HK$34.6m | −HK$38.2m | −HK$23.8m | −HK$54.7m |
| Net income | −HK$27.2m | −HK$26.5m | −HK$17.5m | −HK$9.9m | −HK$7.9m | HK$10.3m | −HK$31.3m | −HK$10.7m | −HK$20.7m | −HK$59.6m |
| Diluted earnings per share | -0.03 | -0.03 | -0.02 | -0.01 | -0.01 | 0.01 | -0.03 | -0.01 | -0.02 | -0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$799.7m | HK$756.3m | HK$755.3m | HK$738.5m | HK$753.0m | HK$608.2m | HK$640.7m | HK$672.6m | HK$617.7m | HK$477.0m |
| Cash and short-term investments | HK$86.5m | HK$49.1m | HK$30.7m | HK$33.2m | HK$111.8m | HK$12.8m | HK$8.3m | HK$38.9m | HK$11.2m | HK$18.8m |
| Total liabilities | HK$554.4m | HK$494.9m | HK$454.7m | HK$403.1m | HK$386.8m | HK$270.5m | HK$271.2m | HK$249.6m | HK$273.5m | HK$161.3m |
| Debt | HK$450.7m | HK$382.0m | HK$350.1m | HK$305.3m | HK$305.3m | HK$168.0m | HK$34.8m | HK$76.3m | HK$67.5m | HK$42.8m |
| Shareholders' equity | HK$199.7m | HK$218.6m | HK$254.6m | HK$286.0m | HK$323.4m | HK$321.1m | HK$350.8m | HK$402.7m | HK$313.7m | HK$292.3m |
| Shares outstanding | 1,024m | 1,024m | 1,024m | 1,024m | 1,024m | 1,024m | 1,051m | 1,051m | 1,051m | 1,051m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$29.4m | HK$45.5m | −HK$5.9m | HK$7.9m | −HK$16.8m | −HK$16.2m | HK$24.4m | −HK$20.0m | HK$29.3m | HK$11.2m |
| Capital spending | −HK$12.4m | −HK$41.4m | −HK$116.7m | −HK$113.9m | −HK$82.4m | −HK$107.2m | −HK$73.6m | −HK$35.3m | −HK$84.6m | −HK$56.2m |
| Free cash flow | HK$17.0m | HK$4.1m | −HK$122.6m | −HK$106.0m | −HK$99.2m | −HK$123.4m | −HK$49.3m | −HK$55.4m | −HK$55.3m | −HK$45.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$112.4m | HK$56.2m | HK$99.0m | HK$49.5m | HK$56.0m | HK$56.0m | HK$36.0m | HK$36.0m |
| Gross profit | HK$7.1m | HK$15.1m | HK$11.5m | HK$19.5m | HK$16.5m | HK$16.5m | HK$16.9m | HK$16.9m |
| Operating income | −HK$1.1m | HK$8.9m | −HK$4.1m | HK$12.1m | HK$10.0m | HK$10.0m | HK$10.4m | HK$10.4m |
| Net income | −HK$8.4m | −HK$4.2m | −HK$18.8m | −HK$9.4m | −HK$4.2m | −HK$4.2m | −HK$7.9m | −HK$7.9m |
| Diluted earnings per share | -0.01 | -0.00 | -0.02 | -0.01 | -0.00 | -0.00 | -0.01 | -0.01 |
| Cash from operations | −HK$2.0m | −HK$2.0m | HK$13.0m | HK$12.0m | HK$1.0m | HK$1.0m | HK$16.0m | HK$11.0m |
| Capital spending | — | — | −HK$13.0m | −HK$6.0m | — | — | −HK$20.0m | −HK$20.0m |
| Free cash flow | — | — | HK$0 | HK$6.0m | — | — | −HK$4.0m | −HK$9.0m |
| Total assets | HK$749.0m | HK$749.0m | HK$799.7m | HK$799.7m | HK$780.8m | HK$780.8m | HK$756.3m | HK$756.3m |
| Cash and short-term investments | HK$34.8m | HK$34.8m | HK$86.5m | HK$86.5m | HK$67.9m | HK$67.9m | HK$49.1m | HK$49.1m |
| Debt | HK$422.8m | HK$126.9m | HK$450.7m | HK$120.5m | HK$403.0m | HK$90.8m | HK$382.0m | HK$81.1m |
| Shareholders' equity | HK$202.4m | HK$202.4m | HK$199.7m | HK$199.7m | HK$217.9m | HK$217.9m | HK$218.6m | HK$218.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.5% | 19.0% | 2.6% |
| Operating income | 1.5% | — | -20.3% |
| Net income | 40.3% | — | -11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.1% | 11.3% | 15.9% | 16.9% |
| Operating margin | -5.5% | -4.3% | -2.3% | -13.0% |
| Net margin | -14.4% | -11.0% | -8.1% | -17.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.2 | -1.8 | -1.8 | -6.8 | -11.4 | 11.5 | -6.5 | -37.7 | -25.8 | -10.0 |
| Price to sales | 0.4 | 0.3 | 0.2 | 0.4 | 0.6 | 1.3 | 2.2 | 2.8 | 3.5 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 5 Jul 2013
- 10-to-1 reverse split · 21 Aug 2009
- 20-for-1 split · 1 Aug 2006
- 5-to-1 reverse split · 4 May 2005
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.