C 
0.24
+4.35%
Close of 4 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.
Net income
HK$27.5m
FY2016FY2025
Free cash flow
HK$4.0m
FY2016FY2025
Shareholders' equity
HK$53.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | — | — | — | HK$368,000 | HK$16.3m | HK$32.4m | HK$40.1m | HK$59.5m |
| Operating income | HK$16.4m | HK$18.9m | −HK$109.1m | HK$9.0m | HK$59.7m | −HK$42.3m | −HK$115.4m | −HK$547.1m | −HK$269.0m | −HK$240.4m |
| Net income | HK$27.5m | HK$17.8m | −HK$107.7m | HK$4.6m | HK$51.8m | −HK$404.2m | −HK$395.0m | −HK$1.19bn | −HK$237.7m | −HK$184.5m |
| Diluted earnings per share | 0.09 | 0.06 | -0.37 | 0.02 | 0.02 | -0.21 | -0.21 | -1.36 | -2.70 | -0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$168.1m | HK$135.7m | HK$185.9m | HK$275.9m | HK$259.1m | HK$152.5m | HK$553.9m | HK$1.42bn | HK$3.53bn | HK$2.89bn |
| Cash and short-term investments | HK$8.2m | HK$57.5m | HK$3.3m | HK$1.8m | HK$9.9m | HK$4.8m | HK$308.8m | HK$707.7m | HK$377.1m | HK$583.8m |
| Total liabilities | HK$114.6m | HK$110.5m | HK$174.1m | HK$172.0m | HK$147.4m | HK$207.6m | HK$536.3m | HK$855.7m | HK$1.77bn | HK$980.3m |
| Debt | HK$51.3m | HK$53.7m | HK$50.2m | HK$72.0m | HK$35.8m | HK$43.2m | HK$532.2m | HK$647.6m | HK$1.24bn | HK$754.0m |
| Shareholders' equity | HK$53.5m | HK$25.2m | HK$11.8m | HK$103.9m | HK$111.7m | HK$58.1m | HK$92.8m | HK$605.8m | HK$1.76bn | HK$1.88bn |
| Shares outstanding | 304m | 304m | 289m | 285m | 2,854m | 1,883m | 1,883m | 879m | 88m | 879m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$4.1m | HK$18.3m | HK$6.3m | −HK$17.7m | −HK$3.0m | −HK$397.7m | −HK$23.3m | HK$18.8m | −HK$217.8m | −HK$460.9m |
| Capital spending | −HK$70,000 | −HK$627,000 | −HK$274,000 | −HK$2.6m | −HK$809,000 | −HK$809,000 | −HK$5.7m | −HK$13.2m | −HK$9.5m | −HK$125.7m |
| Free cash flow | HK$4.0m | HK$17.7m | HK$6.1m | −HK$20.2m | −HK$3.8m | −HK$398.6m | −HK$29.1m | HK$5.5m | −HK$227.3m | −HK$586.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | HK$5.5m | HK$2.7m | HK$11.3m | HK$26.2m | −HK$1.5m | −HK$1.5m | HK$7.1m | HK$7.1m |
| Net income | HK$4.6m | HK$2.3m | HK$11.5m | HK$11.5m | HK$2.3m | HK$2.3m | HK$462,000 | HK$462,000 |
| Diluted earnings per share | 0.02 | 0.01 | 0.04 | 0.04 | 0.01 | 0.01 | 0.00 | 0.00 |
| Cash from operations | −HK$1.0m | −HK$1.0m | HK$9.0m | HK$9.0m | −HK$7.0m | −HK$7.0m | HK$9.0m | HK$9.0m |
| Total assets | HK$143.2m | HK$143.2m | HK$168.1m | HK$168.1m | HK$157.9m | HK$157.9m | HK$135.7m | HK$135.7m |
| Cash and short-term investments | HK$1.8m | HK$86.7m | HK$8.2m | HK$8.2m | HK$7.3m | HK$7.3m | HK$22.7m | HK$57.5m |
| Debt | HK$12.3m | HK$12.3m | HK$51.3m | HK$12.1m | HK$76.0m | HK$11.6m | HK$53.7m | HK$8.2m |
| Shareholders' equity | HK$56.8m | HK$56.8m | HK$53.5m | HK$53.5m | HK$29.1m | HK$29.1m | HK$25.2m | HK$25.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.2% | -16.9% | 10.0% |
| Operating income | 21.9% | — | — |
| Net income | 82.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 21.7% | -23.7% | -6.4% | -76.3% |
| Net margin | 27.8% | -21.1% | -55.5% | -132.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.6 | 5.1 | -1.5 | 69.6 | 154.2 | -26.6 | -9.9 | -5.4 | -6.0 | -119.3 |
| Price to sales | 1.8 | 1.0 | 2.3 | 7.6 | 28.3 | 58.9 | 202.3 | 88.7 | 1.9 | 61.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Sept 2002.
| FY2002 | FY2001 | |
|---|---|---|
| Paid in the year | 0.70 | 0.50 |
- 10-to-1 reverse split · 6 Sept 2023
- 20-to-1 reverse split · 16 May 2019
- 4-for-1 split · 29 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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