C 
0.88
-13.73%
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$120.9m
FY2016FY2025
Net income
−HK$80.0m
FY2016FY2025
Free cash flow
−HK$23.0m
FY2016FY2025
Shareholders' equity
HK$6.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$120.9m | HK$194.3m | HK$208.3m | HK$330.8m | HK$399.5m | HK$344.8m | HK$409.8m | HK$457.9m | HK$444.1m | HK$382.4m |
| Gross profit | HK$9.5m | HK$15.7m | HK$17.2m | HK$36.0m | HK$24.8m | HK$54.9m | HK$70.0m | HK$78.3m | HK$63.0m | HK$54.7m |
| Operating income | −HK$65.2m | −HK$55.6m | −HK$61.1m | −HK$58.5m | −HK$68.5m | −HK$8.5m | HK$14.9m | HK$25.9m | HK$19.8m | HK$5.7m |
| Net income | −HK$80.0m | −HK$67.2m | −HK$652,931 | −HK$72.9m | HK$58.9m | −HK$5.4m | HK$14.4m | HK$28.8m | HK$20.0m | HK$3.5m |
| Diluted earnings per share | -0.11 | -0.10 | -0.00 | -0.10 | 0.08 | -0.01 | 0.02 | 0.05 | 0.03 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$193.8m | HK$256.3m | HK$306.3m | HK$376.6m | HK$491.2m | HK$303.9m | HK$302.0m | HK$323.7m | HK$311.8m | HK$268.2m |
| Cash and short-term investments | HK$18.0m | HK$33.4m | HK$63.6m | HK$127.7m | HK$99.1m | HK$66.4m | HK$94.1m | HK$76.7m | HK$72.6m | HK$50.7m |
| Total liabilities | HK$188.8m | HK$164.4m | HK$227.5m | HK$241.6m | HK$287.4m | HK$147.0m | HK$149.3m | HK$181.8m | HK$186.5m | HK$163.1m |
| Debt | HK$45.7m | HK$34.7m | HK$34.8m | HK$117.8m | HK$85.7m | HK$22.7m | HK$8.7m | HK$1.7m | HK$1.7m | HK$1.7m |
| Shareholders' equity | HK$6.7m | HK$93.9m | HK$79.1m | HK$131.5m | HK$204.8m | HK$157.4m | HK$152.7m | HK$141.4m | HK$124.7m | HK$104.3m |
| Shares outstanding | 721m | 704m | 704m | 704m | 704m | 601m | 650m | 640m | 640m | 640m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$20.0m | −HK$69.4m | −HK$29.4m | HK$12.5m | −HK$88.1m | −HK$26.9m | HK$23.3m | HK$21.4m | HK$31.2m | HK$23.6m |
| Capital spending | −HK$3.0m | −HK$3.6m | −HK$7.0m | −HK$2.1m | −HK$4.9m | −HK$6.0m | −HK$4.1m | −HK$4.7m | −HK$7.8m | −HK$4.3m |
| Free cash flow | −HK$23.0m | −HK$73.0m | −HK$36.4m | HK$10.4m | −HK$93.0m | −HK$32.9m | HK$19.2m | HK$16.7m | HK$23.3m | HK$19.2m |
| Dividends paid | — | — | — | — | — | — | −HK$2.3m | −HK$11.3m | −HK$2.3m | −HK$77.6m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$58.7m | −HK$21.0m | HK$62.2m | HK$31.1m | HK$57.2m | HK$48.6m | HK$39.9m | HK$33.9m |
| Gross profit | HK$4.6m | −HK$3.6m | HK$4.9m | HK$2.4m | HK$6.9m | HK$5.8m | HK$1.0m | HK$858,500 |
| Operating income | −HK$17.5m | −HK$19.7m | −HK$22.5m | −HK$11.3m | −HK$13.8m | −HK$11.7m | −HK$18.3m | −HK$15.6m |
| Net income | −HK$53.5m | −HK$31.9m | −HK$26.5m | −HK$13.3m | −HK$9.8m | −HK$8.3m | −HK$23.8m | −HK$20.2m |
| Diluted earnings per share | -0.07 | -0.04 | -0.04 | -0.02 | -0.01 | -0.01 | -0.03 | -0.03 |
| Cash from operations | −HK$9.0m | −HK$9.0m | — | — | −HK$10.0m | −HK$10.0m | −HK$21.0m | −HK$18.0m |
| Capital spending | −HK$1.0m | −HK$1.0m | — | — | −HK$1.0m | −HK$1.0m | — | — |
| Free cash flow | −HK$10.0m | −HK$10.0m | — | — | −HK$11.0m | −HK$11.0m | — | — |
| Total assets | HK$193.8m | HK$193.8m | HK$228.8m | HK$228.8m | HK$256.3m | HK$217.6m | HK$350.2m | HK$297.4m |
| Cash and short-term investments | HK$18.0m | HK$18.0m | HK$22.6m | HK$22.6m | HK$33.4m | HK$28.4m | HK$56.4m | HK$47.9m |
| Debt | HK$37.6m | HK$37.2m | HK$36.3m | HK$21.2m | HK$26.0m | HK$22.7m | HK$38.3m | HK$17.0m |
| Shareholders' equity | HK$6.7m | HK$6.7m | HK$52.3m | HK$52.3m | HK$93.9m | HK$79.7m | HK$112.4m | HK$95.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -28.5% | -18.9% | -10.1% |
| Operating income | 3.7% | 50.2% | 23.7% |
| Net income | 3.2% | 71.5% | 14.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.0% | 9.2% | 9.9% | 12.5% |
| Operating margin | -38.3% | -28.1% | -19.9% | -7.1% |
| Net margin | -46.7% | -25.8% | -10.5% | -3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.6 | -18.9 | -2652.4 | -36.7 | 30.1 | -216.3 | 179.2 | 133.3 | 357.9 | — |
| Price to sales | 9.7 | 6.5 | 8.3 | 8.1 | 4.4 | 3.4 | 6.3 | 8.4 | 16.1 | 23.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 May 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.30 | 0.06 | 1.87 | 0.06 | 0.06 | 0.06 | 0.03 |
- 2-for-1 split · 3 May 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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