B 
4.13
+1.23%
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$47.4m
FY2017FY2026
Net income
−HK$25.9m
FY2017FY2026
Free cash flow
−HK$2.0m
FY2017FY2026
Shareholders' equity
−HK$50.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$47.4m | HK$12.1m | HK$7.8m | HK$5.5m | HK$8.5m | HK$6.9m | HK$22.9m | HK$38.0m | HK$47.9m | HK$45.2m |
| Operating income | −HK$24.9m | −HK$19.5m | −HK$9.5m | −HK$10.7m | −HK$12.3m | −HK$19.0m | −HK$23.7m | −HK$19.9m | −HK$19.6m | −HK$61.0m |
| Net income | −HK$25.9m | −HK$21.4m | −HK$12.8m | −HK$9.0m | −HK$13.8m | −HK$21.5m | −HK$41.5m | −HK$26.4m | −HK$10.5m | −HK$60.1m |
| Diluted earnings per share | -0.25 | -0.20 | -0.12 | -0.09 | -0.13 | -0.22 | -0.05 | -0.03 | -0.01 | -0.07 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$68.9m | HK$53.4m | HK$14.9m | HK$24.2m | HK$35.4m | HK$43.9m | HK$82.3m | HK$115.3m | HK$145.9m | HK$196.8m |
| Cash and short-term investments | HK$29.4m | HK$40.2m | HK$13.6m | HK$23.0m | HK$11.8m | HK$15.3m | HK$38.1m | HK$66.3m | HK$101.8m | HK$125.0m |
| Total liabilities | HK$121.8m | HK$85.1m | HK$28.8m | HK$26.3m | HK$30.8m | HK$35.1m | HK$50.7m | HK$37.3m | HK$41.1m | HK$84.5m |
| Debt | HK$20.3m | HK$18.7m | HK$17.4m | HK$15.0m | HK$18.7m | HK$23.1m | HK$27.5m | HK$24.6m | HK$20.8m | HK$17.6m |
| Shareholders' equity | −HK$50.8m | −HK$28.9m | −HK$12.3m | −HK$2.5m | HK$5.8m | HK$9.4m | HK$35.5m | HK$68.1m | HK$93.6m | HK$100.1m |
| Shares outstanding | 105m | 105m | 103m | 103m | 103m | 99m | 855m | 855m | 855m | 855m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$2.0m | HK$27.7m | −HK$8.2m | −HK$2.6m | −HK$8.5m | −HK$13.0m | −HK$36.4m | −HK$23.3m | −HK$8.4m | −HK$4.9m |
| Capital spending | −HK$10,000 | −HK$3,000 | −HK$5,000 | −HK$130,000 | −HK$10,000 | −HK$10,000 | −HK$2.1m | −HK$1.1m | −HK$54,000 | −HK$1.8m |
| Free cash flow | −HK$2.0m | HK$27.7m | −HK$8.2m | −HK$2.7m | −HK$8.5m | −HK$13.0m | −HK$38.5m | −HK$24.4m | −HK$8.4m | −HK$6.7m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$9.2m | HK$9.2m | HK$14.4m | HK$14.4m | HK$3.8m | HK$3.8m | HK$2.3m | HK$2.3m |
| Operating income | −HK$3.8m | −HK$3.8m | −HK$8.6m | −HK$8.6m | −HK$4.6m | −HK$4.6m | −HK$5.1m | −HK$5.1m |
| Net income | −HK$7.0m | −HK$7.0m | −HK$6.0m | −HK$6.0m | −HK$5.0m | −HK$5.0m | −HK$5.8m | −HK$5.8m |
| Diluted earnings per share | -0.07 | -0.07 | -0.06 | -0.06 | -0.05 | -0.05 | -0.06 | -0.06 |
| Cash from operations | −HK$3.0m | −HK$3.0m | HK$2.0m | HK$2.0m | −HK$6.0m | −HK$6.0m | HK$20.0m | HK$20.0m |
| Total assets | HK$68.9m | HK$68.9m | HK$75.8m | HK$75.8m | HK$53.4m | HK$53.4m | HK$65.9m | HK$65.9m |
| Cash and short-term investments | HK$34.7m | HK$52.9m | HK$36.5m | HK$36.5m | HK$40.2m | HK$51.5m | HK$53.5m | HK$53.5m |
| Debt | HK$20.0m | HK$20.0m | HK$19.8m | HK$19.8m | HK$18.2m | HK$18.2m | HK$17.7m | HK$1.2m |
| Shareholders' equity | −HK$50.8m | −HK$50.8m | −HK$40.4m | −HK$40.4m | −HK$28.9m | −HK$28.9m | −HK$17.7m | −HK$17.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 104.7% | 47.2% | -4.5% |
| Operating income | 32.5% | 5.6% | -5.7% |
| Net income | 42.1% | 3.8% | -6.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -74.7% | -88.7% | -108.6% | -83.6% |
| Net margin | -79.6% | -94.9% | -118.4% | -92.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -17.6 | -18.0 | -25.0 | -8.5 | -1.4 | -0.1 | -1.2 | -2.5 | -13.3 | -4.1 |
| Price to sales | 9.6 | 31.9 | 40.7 | 13.9 | 2.3 | 0.4 | 2.1 | 1.7 | 2.9 | 5.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 16 Mar 2022
- 4-to-1 reverse split · 2 May 2019
- 2-to-1 reverse split · 18 Sept 2012
- 2-to-1 reverse split · 6 Aug 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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