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Close of 27 Oct 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$100.0m
FY2016FY2025
Net income
−HK$98.0m
FY2016FY2025
Free cash flow
−HK$6.0m
FY2016FY2025
Shareholders' equity
HK$340.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$100.0m | HK$462.0m | HK$332.2m | HK$264.7m | HK$147.6m | HK$152.5m | HK$230.7m | HK$184.8m | HK$111.1m | HK$100.8m |
| Operating income | −HK$86.9m | HK$9.0m | HK$7.5m | HK$9.2m | HK$1.6m | −HK$26.1m | −HK$15.0m | −HK$25.8m | −HK$77.7m | −HK$356.0m |
| Net income | −HK$98.0m | HK$1.3m | −HK$8.7m | HK$6.7m | −HK$63.2m | −HK$33.7m | −HK$53.3m | −HK$97.4m | −HK$79.4m | −HK$332.3m |
| Diluted earnings per share | -0.05 | 0.00 | -0.01 | 0.01 | -0.11 | -0.06 | -0.11 | -0.36 | -0.38 | -0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$508.3m | HK$580.2m | HK$496.0m | HK$470.1m | HK$454.7m | HK$468.9m | HK$482.5m | HK$466.4m | HK$474.7m | HK$419.9m |
| Cash and short-term investments | HK$272,000 | HK$7.3m | HK$3.2m | HK$4.0m | HK$4.0m | HK$7.9m | HK$4.1m | HK$15.6m | HK$117.4m | HK$107.2m |
| Total liabilities | HK$167.8m | HK$141.6m | HK$129.8m | HK$114.2m | HK$154.7m | HK$105.9m | HK$123.6m | HK$119.1m | HK$31.2m | HK$104.9m |
| Debt | HK$117.0m | HK$117.3m | HK$127.2m | HK$90.2m | HK$75.9m | HK$75.6m | HK$96.2m | HK$99.4m | HK$80.3m | HK$80.6m |
| Shareholders' equity | HK$340.5m | HK$438.5m | HK$366.2m | HK$355.8m | HK$305.3m | HK$368.3m | HK$360.3m | HK$349.0m | HK$442.1m | HK$313.5m |
| Shares outstanding | 1,908m | 1,562m | 1,084m | 769m | 587m | 587m | 477m | 272m | 212m | 477m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$6.0m | −HK$99.8m | −HK$59.7m | −HK$34.7m | HK$4.0m | −HK$25.3m | HK$43.4m | −HK$133.6m | −HK$82.6m | −HK$47.1m |
| Capital spending | −HK$12,000 | −HK$14,000 | — | −HK$13,000 | −HK$1.6m | −HK$1.8m | −HK$244,000 | −HK$11.2m | −HK$4.4m | −HK$9.4m |
| Free cash flow | −HK$6.0m | −HK$99.8m | −HK$59.7m | −HK$34.7m | HK$2.4m | −HK$27.1m | HK$43.1m | −HK$144.8m | −HK$87.0m | −HK$56.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$32.2m | HK$32.2m | HK$35.6m | HK$17.8m | HK$32.2m | HK$32.2m | HK$121.6m | HK$121.6m |
| Operating income | HK$850,000 | HK$850,000 | −HK$91.8m | −HK$45.8m | HK$2.3m | HK$2.3m | −HK$21.4m | −HK$21.4m |
| Net income | −HK$573,000 | −HK$573,000 | −HK$99.1m | −HK$49.5m | HK$516,000 | HK$516,000 | −HK$15.8m | −HK$15.8m |
| Diluted earnings per share | -0.00 | -0.00 | -0.05 | -0.03 | 0.00 | 0.00 | -0.01 | -0.01 |
| Cash from operations | HK$1.0m | HK$1.0m | — | — | −HK$2.0m | −HK$2.0m | −HK$46.0m | −HK$46.0m |
| Total assets | HK$472.7m | HK$472.7m | HK$508.3m | HK$508.3m | HK$582.0m | HK$582.0m | HK$580.2m | HK$580.2m |
| Cash and short-term investments | HK$473,000 | HK$473,000 | HK$272,000 | HK$432,000 | HK$2.6m | HK$2.6m | HK$7.6m | HK$7.6m |
| Debt | HK$116.9m | HK$116.9m | HK$117.2m | HK$117.0m | HK$116.9m | HK$116.9m | HK$117.3m | HK$117.3m |
| Shareholders' equity | HK$339.4m | HK$339.4m | HK$340.5m | HK$340.5m | HK$439.6m | HK$439.6m | HK$438.5m | HK$438.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.7% | -8.1% | 0.7% |
| Operating income | — | 27.2% | 26.0% |
| Net income | — | 23.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.9% | -5.3% | -5.9% | -26.1% |
| Net margin | -17.2% | -8.5% | -13.4% | -30.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | 72.1 | -4.0 | 8.9 | -0.6 | -1.0 | -0.6 | -0.1 | -0.3 | -0.1 |
| Price to sales | 0.2 | 0.2 | 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Nov 2013.
| FY2013 | |
|---|---|
| Paid in the year | 0.313 |
- 10-to-1 reverse split · 2 Sept 2019
- 10-to-1 reverse split · 28 Jun 2016
- 10-for-1 split · 13 Jan 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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