A 
0.48
+9.09%
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$42.8m
FY2016FY2025
Net income
HK$6.1m
FY2016FY2025
Free cash flow
HK$5.5m
FY2016FY2025
Shareholders' equity
HK$6.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$42.8m | HK$41.1m | HK$26.2m | HK$60.2m | HK$62.4m | HK$16.6m | HK$17.4m | HK$15.2m | HK$14.7m | HK$18.4m |
| Research and development | HK$1.7m | HK$3.3m | HK$4.5m | HK$4.0m | HK$3.7m | HK$3.0m | HK$4.0m | HK$4.3m | HK$5.5m | HK$6.0m |
| Operating income | HK$7.3m | −HK$6.4m | −HK$11.5m | HK$10.8m | HK$19.3m | HK$631,000 | −HK$4.4m | −HK$2.3m | −HK$2.8m | −HK$1.8m |
| Net income | HK$6.1m | −HK$7.5m | −HK$12.8m | HK$9.1m | HK$15.6m | −HK$3.0m | −HK$5.0m | −HK$5.0m | −HK$5.8m | −HK$4.3m |
| Diluted earnings per share | 0.01 | -0.02 | -0.03 | 0.02 | 0.05 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$37.2m | HK$27.2m | HK$41.7m | HK$65.0m | HK$51.6m | HK$12.1m | HK$7.8m | HK$5.5m | HK$3.8m | HK$5.1m |
| Cash and short-term investments | HK$24.8m | HK$16.0m | HK$11.0m | HK$16.1m | HK$35.5m | HK$4.4m | HK$4.7m | HK$2.8m | HK$1.7m | HK$2.1m |
| Total liabilities | HK$31.1m | HK$26.6m | HK$33.5m | HK$44.1m | HK$39.8m | HK$37.3m | HK$30.0m | HK$21.7m | HK$52.5m | HK$59.4m |
| Debt | HK$12.9m | HK$15.4m | HK$13.4m | HK$13.1m | HK$9.2m | HK$30.0m | HK$21.7m | HK$12.8m | HK$45.7m | HK$52.4m |
| Shareholders' equity | HK$6.8m | HK$646,000 | HK$8.2m | HK$21.0m | HK$11.8m | −HK$25.2m | −HK$22.2m | −HK$16.1m | −HK$48.7m | −HK$54.3m |
| Shares outstanding | 723m | 476m | 476m | 476m | 328m | 301m | 301m | 301m | 301m | 301m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$5.5m | HK$6.2m | −HK$2.7m | −HK$27.8m | HK$34.3m | −HK$2.0m | −HK$6.1m | −HK$3.0m | −HK$2.0m | −HK$1.7m |
| Capital spending | — | — | −HK$99,000 | −HK$712,000 | −HK$40,000 | −HK$172,000 | −HK$95,000 | −HK$39,000 | −HK$64,000 | −HK$723,000 |
| Free cash flow | HK$5.5m | HK$6.2m | −HK$2.8m | −HK$28.5m | HK$34.2m | −HK$2.2m | −HK$6.2m | −HK$3.1m | −HK$2.1m | −HK$2.4m |
Latest quarters
By quarter end
| May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$21.1m | HK$10.5m | HK$12.6m | HK$12.6m | HK$8.8m | HK$8.8m | HK$14.1m | HK$14.1m |
| Operating income | −HK$3.9m | −HK$1.4m | HK$4.2m | HK$4.2m | −HK$559,000 | −HK$559,000 | −HK$965,500 | −HK$965,500 |
| Net income | −HK$4.2m | −HK$2.1m | HK$4.1m | HK$4.1m | −HK$996,500 | −HK$996,500 | −HK$1.2m | −HK$1.2m |
| Diluted earnings per share | -0.01 | -0.00 | 0.01 | 0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$3.0m | −HK$3.0m | HK$5.0m | HK$5.0m | −HK$2.0m | −HK$2.0m | — | — |
| Total assets | HK$39.5m | HK$39.5m | HK$37.2m | HK$37.2m | HK$24.7m | HK$24.7m | HK$27.2m | HK$27.2m |
| Cash and short-term investments | HK$19.0m | HK$19.3m | HK$24.8m | HK$25.1m | HK$12.8m | HK$13.2m | HK$16.0m | HK$16.0m |
| Debt | HK$13.6m | HK$116,000 | HK$12.9m | HK$285,000 | HK$16.0m | HK$15.9m | HK$15.4m | HK$15.1m |
| Shareholders' equity | HK$2.6m | HK$2.6m | HK$6.8m | HK$6.8m | −HK$1.3m | −HK$1.3m | HK$646,000 | HK$646,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | 20.8% | 12.4% |
| Operating income | -12.2% | 63.2% | — |
| Net income | -12.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.1% | 0.1% | 8.1% | -0.9% |
| Net margin | -1.7% | -3.0% | 3.0% | -8.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.8 | -2.5 | -2.9 | 1.7 | 0.7 | -2.1 | -1.6 | -2.6 | -2.9 | -9.7 |
| Price to sales | 0.8 | 0.5 | 1.4 | 0.3 | 0.2 | 0.4 | 0.5 | 0.9 | 1.1 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 6 Jan 2004
- 4-for-1 split · 15 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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