B 
0.05
-4.08%
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$24.5m
FY2017FY2026
Net income
−HK$4.4m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$10.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$24.5m | HK$26.4m | HK$33.1m | HK$70.6m | HK$149.9m | HK$200.9m | HK$174.8m | HK$162.0m | HK$151.2m | HK$141.7m |
| Gross profit | HK$3.5m | HK$3.7m | HK$4.8m | HK$11.2m | HK$33.3m | HK$55.2m | HK$50.2m | HK$49.1m | HK$42.8m | HK$42.4m |
| Research and development | — | — | — | — | HK$46,000 | HK$59,000 | HK$62,000 | HK$61,000 | HK$70,000 | HK$68,000 |
| Operating income | −HK$4.3m | −HK$27.7m | −HK$11.5m | −HK$52.4m | HK$7.2m | HK$32.4m | HK$24.9m | HK$29.2m | HK$17.9m | HK$24.3m |
| Net income | −HK$4.4m | −HK$44.9m | −HK$32.1m | −HK$69.9m | HK$5.7m | HK$24.1m | HK$18.5m | HK$23.4m | HK$7.4m | HK$16.1m |
| Diluted earnings per share | -0.01 | -0.09 | -0.06 | -0.13 | 0.01 | 0.05 | 0.04 | 0.05 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$27.6m | HK$51.9m | HK$99.0m | HK$138.8m | HK$231.5m | HK$228.9m | HK$190.0m | HK$154.8m | HK$135.5m | HK$103.3m |
| Cash and short-term investments | HK$888,000 | HK$16.1m | HK$1.9m | HK$18.0m | HK$57.0m | HK$58.9m | HK$29.7m | HK$25.8m | HK$34.0m | HK$8.5m |
| Total liabilities | HK$17.1m | HK$36.0m | HK$35.3m | HK$40.4m | HK$61.3m | HK$62.8m | HK$53.2m | HK$31.5m | HK$30.1m | HK$57.7m |
| Debt | HK$131,000 | HK$16.4m | HK$19.7m | HK$15.2m | HK$34.5m | HK$38.4m | HK$29.3m | HK$9.5m | HK$10.8m | HK$26.6m |
| Shareholders' equity | HK$10.5m | HK$16.0m | HK$63.7m | HK$98.4m | HK$170.2m | HK$166.1m | HK$136.9m | HK$123.4m | HK$105.4m | HK$45.6m |
| Shares outstanding | 502m | 500m | 500m | 533m | 501m | 500m | 500m | 500m | 500m | 491m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$2.2m | HK$18.4m | −HK$21.0m | −HK$19.3m | −HK$1.2m | HK$26.6m | HK$11.9m | HK$758,000 | HK$10.6m | −HK$3.0m |
| Capital spending | −HK$2.2m | — | — | −HK$246,000 | −HK$1.3m | −HK$3.4m | −HK$400,000 | −HK$5.6m | −HK$5.7m | −HK$499,000 |
| Free cash flow | — | HK$18.4m | −HK$21.0m | −HK$19.5m | −HK$2.5m | HK$23.3m | HK$11.5m | −HK$4.9m | HK$4.8m | −HK$3.5m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$4.0m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Jul 2023 | Apr 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.6m | HK$22.9m | HK$6.0m | HK$20.4m | HK$6.6m | HK$16.6m | HK$24.5m | HK$9.3m |
| Gross profit | −HK$2.4m | HK$5.9m | −HK$20.4m | HK$4.9m | HK$865,000 | HK$4.0m | HK$3.6m | −HK$22,000 |
| Operating income | −HK$4.4m | HK$470,000 | −HK$20.9m | HK$980,000 | HK$1.5m | HK$906,000 | HK$1.1m | −HK$70.1m |
| Net income | −HK$4.5m | HK$100,000 | −HK$45.5m | HK$608,000 | −HK$16.1m | −HK$16.1m | HK$642,000 | −HK$69.7m |
| Diluted earnings per share | -0.01 | 0.00 | -0.09 | 0.00 | -0.03 | -0.03 | 0.00 | -0.13 |
| Cash from operations | — | HK$8.0m | HK$8.0m | HK$9.0m | −HK$1.0m | −HK$19.0m | — | −HK$1.0m |
| Total assets | HK$27.6m | HK$51.6m | HK$51.9m | HK$96.4m | HK$99.0m | HK$137.1m | — | HK$138.8m |
| Cash and short-term investments | HK$888,000 | HK$23.6m | HK$16.1m | HK$11.1m | HK$3.8m | HK$9.4m | — | HK$18.0m |
| Debt | HK$131,000 | HK$15.6m | HK$16.4m | HK$17.4m | HK$19.7m | HK$21.6m | — | HK$15.2m |
| Shareholders' equity | HK$10.5m | HK$16.8m | HK$16.0m | HK$64.7m | HK$63.7m | HK$99.7m | — | HK$98.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.7% | -34.4% | -14.8% |
| Operating income | -56.5% | — | — |
| Net income | -60.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.1% | 15.0% | 22.1% | 26.6% |
| Operating margin | -62.9% | -62.0% | -11.1% | 4.7% |
| Net margin | -96.8% | -97.9% | -24.0% | -3.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | -1.4 | -1.5 | -1.8 | 46.0 | 5.6 | 10.7 | 8.5 | 12.3 | 7.6 |
| Price to sales | 1.1 | 2.3 | 1.5 | 1.8 | 1.7 | 0.7 | 1.1 | 1.2 | 0.6 | 0.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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