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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$51.6m
FY2016FY2025
Net income
−HK$4.0m
FY2016FY2025
Free cash flow
−HK$138,000
FY2016FY2025
Shareholders' equity
HK$17.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$51.6m | HK$44.7m | HK$53.8m | HK$62.7m | HK$83.5m | HK$85.6m | HK$55.1m | HK$67.4m | HK$47.6m | HK$57.5m |
| Gross profit | HK$15.3m | HK$15.8m | HK$14.0m | HK$14.5m | HK$20.2m | HK$21.9m | HK$14.0m | HK$11.8m | HK$11.1m | HK$15.2m |
| Operating income | −HK$4.0m | −HK$2.4m | −HK$6.6m | −HK$5.2m | −HK$10.4m | −HK$24.2m | −HK$9.9m | −HK$9.4m | −HK$4.5m | −HK$2.9m |
| Net income | −HK$4.0m | −HK$1.9m | −HK$5.0m | −HK$12.1m | −HK$14.0m | −HK$23.8m | −HK$10.5m | −HK$9.7m | −HK$4.9m | −HK$3.8m |
| Diluted earnings per share | -0.10 | -0.05 | -0.13 | -0.58 | -1.30 | -1.87 | -0.98 | -1.11 | -0.56 | -0.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$46.3m | HK$46.6m | HK$41.5m | HK$50.2m | HK$65.5m | HK$70.9m | HK$54.0m | HK$50.7m | HK$61.6m | HK$64.5m |
| Cash and short-term investments | HK$8.6m | HK$6.2m | HK$5.5m | HK$2.8m | HK$1.3m | HK$14.3m | HK$5.0m | HK$8.9m | HK$13.4m | HK$13.1m |
| Total liabilities | HK$28.5m | HK$25.6m | HK$19.1m | HK$44.5m | HK$60.0m | HK$49.5m | HK$26.3m | HK$11.6m | HK$12.2m | HK$11.7m |
| Debt | HK$12.4m | HK$11.8m | HK$9.7m | HK$12.9m | HK$20.3m | HK$23.0m | HK$16.3m | — | — | HK$459,000 |
| Shareholders' equity | HK$17.7m | HK$21.0m | HK$22.9m | HK$12.2m | HK$10.0m | HK$23.7m | HK$27.7m | HK$39.1m | HK$49.3m | HK$52.8m |
| Shares outstanding | 38m | 38m | 39m | 21m | 11m | 13m | 11m | 9m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$406,000 | −HK$3.7m | −HK$3.7m | HK$2.0m | −HK$9.9m | HK$5.5m | −HK$1.8m | −HK$8.5m | −HK$5.5m | HK$1.8m |
| Capital spending | −HK$544,000 | −HK$1.1m | −HK$693,000 | −HK$1.9m | −HK$1.7m | −HK$1.4m | −HK$2.1m | −HK$2.5m | −HK$435,000 | −HK$2.1m |
| Free cash flow | −HK$138,000 | −HK$4.8m | −HK$4.4m | HK$124,000 | −HK$11.7m | HK$4.1m | −HK$3.9m | −HK$11.0m | −HK$5.9m | −HK$313,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$28.4m | −HK$1.7m | HK$53.4m | HK$19.9m | HK$24.8m | HK$19.2m | HK$13.2m | HK$14.2m |
| Gross profit | HK$4.3m | HK$8.3m | HK$7.0m | HK$11.0m | HK$4.8m | HK$6.4m | HK$2.9m | HK$3.8m |
| Operating income | −HK$4.7m | −HK$1.6m | −HK$2.4m | HK$2.0m | −HK$4.4m | HK$115,000 | −HK$1.3m | −HK$19.5m |
| Net income | −HK$4.0m | −HK$3.2m | −HK$800,000 | −HK$246,000 | −HK$1.7m | −HK$3.6m | −HK$1.2m | HK$816,000 |
| Diluted earnings per share | -0.11 | -0.08 | -0.02 | -0.01 | -0.04 | -0.09 | -0.03 | 0.02 |
| Cash from operations | −HK$2.0m | HK$2.0m | −HK$1.0m | HK$2.0m | −HK$6.0m | — | — | −HK$3.0m |
| Capital spending | — | — | — | −HK$1.0m | — | — | — | — |
| Free cash flow | — | — | — | HK$1.0m | — | — | — | — |
| Total assets | HK$54.6m | HK$46.3m | HK$58.4m | HK$46.6m | HK$44.6m | HK$41.5m | — | HK$38.4m |
| Cash and short-term investments | HK$13.6m | HK$8.6m | HK$14.7m | HK$6.2m | HK$25.3m | HK$5.5m | — | HK$1.9m |
| Debt | HK$19.9m | HK$12.4m | HK$9.0m | HK$11.8m | HK$13.8m | HK$9.7m | — | HK$9.2m |
| Shareholders' equity | HK$14.5m | HK$17.7m | HK$20.5m | HK$21.0m | HK$20.3m | HK$22.9m | — | HK$17.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.3% | -9.6% | -0.5% |
| Operating income | -8.6% | -30.2% | -10.3% |
| Net income | -31.0% | -30.1% | -10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.3% | 28.0% | 26.6% | 24.9% |
| Operating margin | -6.7% | -8.6% | -13.8% | -13.8% |
| Net margin | -6.1% | -10.8% | -15.9% | -15.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -8.0 | -5.7 | -1.1 | -0.4 | -0.4 | -1.3 | -2.2 | -25.5 | -50.6 |
| Price to sales | 0.3 | 0.3 | 0.5 | 0.2 | 0.1 | 0.1 | 0.3 | 0.3 | 2.6 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 14 Jul 2023
- 40-to-1 reverse split · 17 Nov 2021
- 5-for-1 split · 8 Jul 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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