S 
0.15
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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$45.6m
FY2017FY2026
Net income
−HK$9.1m
FY2017FY2026
Free cash flow
−HK$4.0m
FY2017FY2026
Shareholders' equity
−HK$46.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$45.6m | HK$61.3m | HK$41.3m | HK$42.8m | HK$41.0m | HK$77.8m | HK$165.9m | HK$43.5m | HK$25.3m | HK$26.4m |
| Operating income | −HK$8.2m | −HK$7.1m | HK$3.6m | −HK$90.8m | −HK$77.6m | −HK$55.9m | −HK$25.9m | −HK$36.0m | −HK$74.8m | −HK$170.8m |
| Net income | −HK$9.1m | −HK$867,000 | −HK$19.7m | −HK$10.6m | −HK$88.0m | −HK$106.3m | −HK$161.1m | −HK$46.8m | −HK$61.0m | −HK$175.0m |
| Diluted earnings per share | -0.02 | -0.00 | -0.07 | -0.06 | -0.48 | -0.60 | -0.94 | -0.28 | -0.46 | -1.33 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$22.4m | HK$51.7m | HK$44.5m | HK$33.5m | HK$76.9m | HK$135.9m | HK$188.2m | HK$228.7m | HK$175.5m | HK$134.1m |
| Cash and short-term investments | HK$5.6m | HK$6.9m | HK$2.6m | HK$1.8m | HK$3.0m | HK$7.5m | HK$6.7m | HK$6.6m | HK$4.7m | HK$14.3m |
| Total liabilities | HK$71.3m | HK$88.4m | HK$250.1m | HK$213.2m | HK$250.3m | HK$274.8m | HK$261.6m | HK$191.4m | HK$235.5m | HK$123.5m |
| Debt | HK$30.7m | HK$46.7m | HK$73.3m | HK$53.0m | HK$45.9m | HK$103.9m | HK$150.7m | HK$89.5m | HK$89.8m | HK$89.8m |
| Shareholders' equity | −HK$46.4m | −HK$36.9m | −HK$199.5m | −HK$172.7m | −HK$166.8m | −HK$138.9m | −HK$73.1m | HK$37.7m | −HK$59.4m | −HK$646,000 |
| Shares outstanding | 464m | 634m | 299m | 184m | 182m | 176m | 172m | 164m | 132m | 132m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$4.0m | −HK$7.2m | −HK$9.3m | HK$4.7m | −HK$36.8m | −HK$6.2m | HK$23.9m | −HK$33.9m | −HK$30.1m | −HK$58.6m |
| Capital spending | — | — | −HK$3.3m | −HK$23,000 | −HK$121,000 | −HK$10.1m | −HK$23.4m | −HK$23.4m | −HK$456,000 | −HK$4.7m |
| Free cash flow | −HK$4.0m | −HK$7.2m | −HK$12.6m | HK$4.7m | −HK$36.9m | −HK$16.3m | HK$523,000 | −HK$57.2m | −HK$30.6m | −HK$63.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$9.4m | HK$9.4m | HK$13.4m | HK$13.4m | HK$42.4m | HK$21.2m | HK$9.4m | HK$9.4m |
| Operating income | HK$769,500 | HK$769,500 | −HK$769,500 | −HK$769,500 | −HK$5.1m | HK$537,500 | −HK$537,500 | −HK$537,500 |
| Net income | −HK$2.7m | −HK$2.7m | −HK$1.8m | −HK$1.8m | HK$4.6m | HK$2.3m | −HK$2.8m | −HK$2.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.00 | 0.01 | 0.00 | -0.01 | -0.01 |
| Cash from operations | −HK$6.0m | −HK$3.0m | — | — | −HK$4.0m | −HK$2.0m | — | — |
| Capital spending | — | — | — | — | −HK$4.0m | — | — | — |
| Free cash flow | — | — | — | — | −HK$8.0m | — | — | — |
| Total assets | HK$22.4m | HK$22.4m | HK$43.4m | HK$43.4m | HK$51.7m | HK$51.7m | HK$44.7m | HK$44.7m |
| Cash and short-term investments | HK$5.6m | HK$5.6m | HK$12.9m | HK$12.9m | HK$6.9m | HK$6.9m | HK$3.3m | HK$3.3m |
| Debt | HK$14.8m | HK$14.8m | HK$34.5m | HK$12.7m | HK$46.7m | HK$12.9m | HK$6.0m | HK$5.9m |
| Shareholders' equity | −HK$46.4m | −HK$46.4m | −HK$41.2m | −HK$41.2m | −HK$36.9m | −HK$36.9m | −HK$13.9m | −HK$13.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.1% | -10.1% | 2.8% |
| Operating income | -55.2% | -31.9% | -27.5% |
| Net income | -4.9% | -38.8% | -26.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.3% | -53.7% | -76.2% | -123.3% |
| Net margin | -9.4% | -21.1% | -75.8% | -146.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | -219.3 | -1.6 | -2.3 | -1.8 | -7.0 | -5.1 | -21.9 | -15.1 | -15.0 |
| Price to sales | 1.8 | 3.1 | 0.8 | 0.6 | 3.8 | 9.5 | 4.9 | 23.5 | 36.4 | 99.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 Apr 2006.
| FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|
| Paid in the year | 0.417 | 0.375 | 0.313 | 0.104 |
- 25-to-1 reverse split · 29 Aug 2023
- 4-for-1 split · 17 Dec 2014
- 5-to-1 reverse split · 1 Feb 2013
- 3-for-2 split · 16 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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