L
0.58
-0.86%
Close of 9 Nov 2026, in HKD
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At a glance
Figures in HKD, from our data supplier.
Revenue
HK$19.84bn
FY2016FY2025
Net income
HK$64.9m
FY2016FY2025
Free cash flow
HK$352.9m
FY2016FY2025
Shareholders' equity
HK$217.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$19.84bn | HK$15.15bn | HK$10.74bn | HK$48.4m | HK$14.0m | HK$10.5m | HK$213.7m | HK$1.08bn | HK$2.34bn | HK$2.16bn |
| Gross profit | HK$100.7m | HK$70.9m | HK$53.8m | HK$1.2m | −HK$14.0m | −HK$15.2m | HK$4.7m | −HK$4.2m | HK$10.7m | HK$15.0m |
| Operating income | HK$85.5m | HK$49.9m | HK$41.4m | −HK$22.7m | −HK$31.4m | −HK$45.9m | −HK$19.6m | −HK$21.5m | −HK$14.1m | HK$2.1m |
| Net income | HK$64.9m | HK$32.1m | HK$17.4m | −HK$22.1m | −HK$29.2m | −HK$46.7m | −HK$26.3m | −HK$27.4m | −HK$17.9m | HK$2.9m |
| Diluted earnings per share | 0.07 | 0.04 | 0.02 | -0.03 | -0.04 | -0.08 | -0.05 | -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$775.2m | HK$966.4m | HK$388.0m | HK$48.6m | HK$55.0m | HK$55.7m | HK$93.1m | HK$169.1m | HK$234.3m | HK$219.9m |
| Cash and short-term investments | HK$425.0m | HK$21.3m | HK$16.3m | HK$4.2m | HK$20.9m | HK$29.0m | HK$28.7m | HK$82.3m | HK$46.6m | HK$130.4m |
| Total liabilities | HK$557.6m | HK$896.1m | HK$348.0m | HK$25.4m | HK$7.3m | HK$4.4m | HK$10.1m | HK$86.7m | HK$121.6m | HK$128.6m |
| Debt | HK$2.7m | HK$30.9m | HK$28.9m | HK$18.7m | HK$5.3m | HK$2.4m | HK$3.2m | HK$31.3m | HK$27.2m | HK$61.4m |
| Shareholders' equity | HK$217.6m | HK$70.4m | HK$40.0m | HK$23.3m | HK$46.7m | HK$47.6m | HK$74.1m | HK$82.5m | HK$112.8m | HK$91.2m |
| Shares outstanding | 994m | 829m | 829m | 829m | 756m | 576m | 576m | 576m | 576m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$352.9m | HK$5.4m | HK$1.3m | −HK$27.8m | −HK$30.7m | −HK$7.7m | −HK$10.7m | HK$55.9m | −HK$106.2m | HK$6.0m |
| Capital spending | −HK$38,000 | — | −HK$63,999 | — | −HK$1.2m | −HK$789,000 | −HK$3.2m | −HK$642,000 | −HK$261,000 | −HK$3.1m |
| Free cash flow | HK$352.9m | HK$5.4m | HK$1.2m | −HK$27.8m | −HK$31.9m | −HK$8.5m | −HK$13.9m | HK$55.3m | −HK$106.5m | HK$2.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$10.28bn | HK$5.14bn | HK$9.67bn | HK$4.84bn | HK$5.08bn | HK$5.08bn | HK$3.35bn | HK$3.35bn |
| Gross profit | HK$29.1m | HK$23.4m | HK$70.1m | HK$41.7m | HK$21.1m | HK$21.1m | HK$26.6m | HK$26.6m |
| Operating income | HK$23.0m | HK$19.6m | HK$64.1m | HK$38.5m | HK$17.0m | HK$17.0m | HK$22.7m | HK$22.7m |
| Net income | HK$22.1m | HK$11.0m | HK$47.5m | HK$23.8m | HK$8.7m | HK$8.7m | HK$13.7m | HK$13.7m |
| Diluted earnings per share | 0.02 | 0.01 | 0.05 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 |
| Cash from operations | −HK$300.0m | −HK$150.0m | HK$91.0m | HK$45.0m | HK$130.0m | HK$130.0m | HK$4.0m | HK$4.0m |
| Total assets | HK$799.1m | HK$799.1m | HK$775.2m | HK$775.2m | HK$3.15bn | HK$3.15bn | HK$966.4m | HK$966.4m |
| Cash and short-term investments | HK$123.5m | HK$123.5m | HK$425.0m | HK$64.6m | HK$333.9m | HK$333.9m | HK$21.3m | HK$21.3m |
| Debt | HK$1.3m | HK$1.3m | HK$2.7m | HK$1.9m | HK$4.8m | HK$2.9m | HK$30.9m | HK$28.4m |
| Shareholders' equity | HK$242.7m | HK$242.7m | HK$217.6m | HK$217.6m | HK$168.7m | HK$168.7m | HK$70.4m | HK$70.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 642.9% | 352.5% | 33.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.5% | 0.5% | 0.4% | 0.4% |
| Operating margin | 0.4% | 0.3% | 0.2% | 0.0% |
| Net margin | 0.3% | 0.2% | 0.0% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.7 | 13.2 | 9.0 | -7.7 | -7.4 | -4.0 | -19.3 | -6.0 | -15.9 | 104.6 |
| Price to sales | 0.0 | 0.0 | 0.0 | 3.5 | 15.4 | 17.9 | 2.4 | 0.1 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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