C 
0.06
0.00%
Close of 6 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$668.8m
FY2016FY2025
Net income
−HK$25.7m
FY2016FY2025
Free cash flow
−HK$795,000
FY2016FY2025
Shareholders' equity
−HK$39.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$668.8m | HK$595.2m | HK$603.1m | HK$56.6m | HK$110.7m | HK$64.0m | HK$102.3m | HK$465.0m | HK$390.3m | HK$229.1m |
| Operating income | −HK$29.8m | −HK$18.1m | −HK$24.9m | −HK$42.2m | −HK$3.5m | −HK$18.2m | −HK$79.7m | −HK$90.7m | −HK$71.3m | −HK$110.5m |
| Net income | −HK$25.7m | −HK$20.0m | −HK$30.7m | HK$104.7m | −HK$38.0m | −HK$31.9m | −HK$235.3m | −HK$103.7m | −HK$196.2m | −HK$128.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | 0.04 | -0.01 | -0.01 | -0.68 | -0.38 | -0.14 | -0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$78.7m | HK$97.9m | HK$160.7m | HK$101.1m | HK$125.2m | HK$119.8m | HK$113.3m | HK$409.3m | HK$344.9m | HK$501.0m |
| Cash and short-term investments | HK$20.9m | HK$17.0m | HK$47.9m | HK$15.3m | — | — | HK$13.8m | — | — | — |
| Total liabilities | HK$117.7m | HK$111.6m | HK$154.6m | HK$82.1m | HK$249.9m | HK$213.9m | HK$187.2m | HK$289.7m | HK$261.7m | HK$246.9m |
| Debt | HK$6.9m | HK$42.4m | HK$40.4m | HK$28.5m | HK$32.3m | HK$51.5m | HK$126.3m | HK$131.0m | HK$115.3m | HK$272.9m |
| Shareholders' equity | −HK$39.0m | −HK$13.7m | HK$6.1m | HK$13.2m | −HK$133.9m | −HK$97.4m | −HK$73.8m | HK$132.6m | HK$95.7m | HK$260.7m |
| Shares outstanding | 2,694m | 2,694m | 2,694m | 2,533m | 2,694m | 2,694m | 344m | 276m | 1,416m | 257m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$638,000 | −HK$33.6m | −HK$1.8m | −HK$21.3m | −HK$546,000 | HK$1.0m | −HK$7.7m | −HK$200.4m | −HK$1.0m | −HK$146.1m |
| Capital spending | −HK$157,000 | −HK$120,000 | −HK$2.8m | −HK$9.8m | −HK$359,000 | −HK$9.2m | −HK$955,000 | −HK$4.1m | −HK$4.3m | −HK$14.9m |
| Free cash flow | −HK$795,000 | −HK$33.7m | −HK$4.6m | −HK$31.1m | −HK$905,000 | −HK$8.2m | −HK$8.7m | −HK$204.5m | −HK$5.3m | −HK$161.1m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$126.1m | HK$330.0m | HK$338.7m | HK$595.2m | HK$158.3m | HK$71.1m | HK$231.0m | HK$222.6m |
| Operating income | −HK$5.4m | −HK$21.1m | −HK$8.7m | −HK$18.1m | −HK$4.1m | −HK$9.5m | −HK$18.0m | −HK$5.2m |
| Net income | −HK$7.8m | −HK$15.5m | −HK$10.2m | −HK$20.0m | −HK$5.6m | −HK$8.3m | −HK$14.2m | −HK$5.8m |
| Diluted earnings per share | -0.00 | -0.01 | -0.00 | -0.01 | -0.00 | -0.00 | -0.01 | -0.00 |
| Cash from operations | — | — | HK$2.0m | −HK$17.0m | −HK$15.0m | — | −HK$11.0m | — |
| Capital spending | — | — | — | — | — | — | −HK$1.0m | — |
| Free cash flow | — | — | — | — | — | — | −HK$12.0m | — |
| Total assets | HK$87.7m | HK$78.7m | HK$125.6m | HK$97.9m | HK$113.9m | — | HK$160.7m | — |
| Cash and short-term investments | HK$24.3m | HK$20.9m | HK$22.1m | HK$17.0m | HK$24.2m | — | — | — |
| Debt | HK$11.8m | HK$6.9m | HK$33.0m | HK$42.4m | HK$28.4m | — | HK$39.3m | — |
| Shareholders' equity | −HK$47.7m | −HK$39.0m | −HK$23.9m | −HK$13.7m | −HK$7.2m | — | HK$6.1m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 127.8% | 59.9% | 21.7% |
| Operating income | -10.9% | 10.4% | -20.6% |
| Net income | — | -4.3% | -20.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.8% | -6.0% | -6.5% | -23.3% |
| Net margin | -3.6% | 1.5% | -2.0% | -28.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.4 | -9.4 | -9.1 | 3.8 | -24.1 | -13.2 | -0.2 | -0.7 | -9.2 | -4.5 |
| Price to sales | 0.3 | 0.3 | 0.5 | 7.0 | 8.3 | 6.6 | 0.5 | 0.2 | 4.6 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 29 Nov 2018
- 2-to-1 reverse split · 30 Sept 2016
- 10-for-1 split · 25 Mar 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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