M 
0.08
+2.60%
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$82.3m
FY2016FY2025
Net income
HK$9.4m
FY2016FY2025
Free cash flow
−HK$14.0m
FY2016FY2025
Shareholders' equity
HK$112.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$82.3m | HK$67.7m | HK$153.7m | HK$87.0m | HK$86.0m | HK$70.9m | HK$141.2m | HK$113.9m | HK$161.6m | HK$247.3m |
| Gross profit | HK$32.4m | HK$23.5m | HK$55.5m | HK$29.3m | HK$21.1m | HK$21.5m | HK$40.2m | HK$33.3m | HK$45.1m | HK$73.3m |
| Operating income | HK$2.3m | −HK$5.9m | HK$12.5m | −HK$6.6m | −HK$9.4m | −HK$8.2m | HK$295,000 | −HK$4.4m | −HK$6.0m | HK$27.8m |
| Net income | HK$9.4m | −HK$12.8m | HK$6.9m | −HK$8.5m | −HK$9.1m | −HK$5.4m | −HK$1.3m | −HK$5.0m | −HK$8.6m | HK$21.1m |
| Diluted earnings per share | 0.02 | -0.02 | 0.01 | -0.01 | -0.02 | -0.01 | -0.00 | -0.01 | -0.01 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$172.2m | HK$168.4m | HK$180.6m | HK$194.8m | HK$198.8m | HK$205.1m | HK$212.7m | HK$190.2m | HK$194.3m | HK$176.7m |
| Cash and short-term investments | HK$17.1m | HK$23.4m | HK$28.3m | HK$28.2m | HK$26.0m | HK$21.1m | HK$25.1m | HK$33.9m | HK$70.1m | HK$44.4m |
| Total liabilities | HK$58.9m | HK$68.3m | HK$75.9m | HK$99.6m | HK$95.4m | HK$97.4m | HK$100.1m | HK$76.1m | HK$69.8m | HK$85.2m |
| Debt | HK$10.0m | HK$25.0m | HK$33.2m | HK$35.5m | HK$38.5m | HK$27.1m | HK$31.0m | HK$25.0m | HK$20.3m | HK$20.2m |
| Shareholders' equity | HK$112.1m | HK$99.0m | HK$103.3m | HK$94.2m | HK$102.3m | HK$106.4m | HK$111.2m | HK$112.6m | HK$123.0m | HK$88.6m |
| Shares outstanding | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 600m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$1.1m | HK$6.2m | HK$8.4m | HK$7.9m | −HK$37,000 | −HK$2.3m | −HK$3.3m | −HK$26.4m | −HK$19.6m | HK$26.5m |
| Capital spending | −HK$15.1m | −HK$567,000 | −HK$675,000 | −HK$374,000 | −HK$586,000 | −HK$566,000 | −HK$3.1m | −HK$12.6m | −HK$3.4m | −HK$7.1m |
| Free cash flow | −HK$14.0m | HK$5.6m | HK$7.7m | HK$7.5m | −HK$623,000 | −HK$2.9m | −HK$6.4m | −HK$39.0m | −HK$23.0m | HK$19.3m |
| Dividends paid | — | — | — | — | — | — | — | −HK$4.8m | −HK$18.0m | −HK$30.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$64.0m | HK$32.0m | HK$31.4m | HK$31.4m | HK$9.7m | HK$9.7m | HK$18.9m | HK$18.9m |
| Gross profit | HK$25.4m | HK$13.2m | HK$13.5m | HK$10.6m | HK$4.1m | HK$4.1m | HK$6.3m | HK$6.3m |
| Operating income | HK$3.6m | HK$3.6m | HK$6.8m | −HK$3.0m | −HK$1.3m | −HK$1.3m | −HK$2.0m | −HK$2.0m |
| Net income | HK$4.7m | HK$2.3m | HK$6.3m | HK$6.3m | −HK$1.5m | −HK$1.5m | −HK$2.6m | −HK$2.6m |
| Diluted earnings per share | 0.01 | 0.00 | 0.01 | 0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | HK$7.0m | HK$3.0m | — | −HK$1.0m | — | — | −HK$4.0m | −HK$2.0m |
| Capital spending | — | — | — | — | −HK$7.0m | −HK$7.0m | — | — |
| Total assets | HK$185.1m | HK$185.1m | HK$172.2m | HK$172.2m | HK$161.5m | HK$161.5m | HK$168.4m | HK$168.4m |
| Cash and short-term investments | HK$25.3m | HK$25.3m | HK$17.1m | HK$17.1m | HK$31.1m | HK$31.1m | HK$23.4m | HK$23.4m |
| Debt | HK$13.9m | HK$13.9m | HK$10.0m | HK$13.0m | HK$16.9m | HK$16.0m | HK$25.0m | HK$23.0m |
| Shareholders' equity | HK$117.2m | HK$117.2m | HK$112.1m | HK$112.1m | HK$96.3m | HK$96.3m | HK$99.0m | HK$99.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.8% | 3.0% | -12.4% |
| Operating income | — | — | -23.7% |
| Net income | — | — | -9.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.2% | 36.0% | 33.4% | 29.5% |
| Operating margin | -2.4% | 0.6% | -2.8% | 2.5% |
| Net margin | -2.3% | -1.3% | -3.5% | 0.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.6 | -3.5 | 6.1 | -4.3 | -5.1 | -5.3 | -11.3 | -3.6 | -3.9 |
| Price to sales | 0.5 | 0.7 | 0.3 | 0.4 | 0.5 | 0.4 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 21 May 2018.
| FY2018 | |
|---|---|
| Paid in the year | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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