F 
0.75
0.00%
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$414.1m
FY2016FY2025
Net income
−HK$39.2m
FY2016FY2025
Free cash flow
HK$10.3m
FY2016FY2025
Shareholders' equity
HK$117.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$414.1m | HK$437.6m | HK$482.0m | HK$617.6m | HK$720.6m | HK$679.1m | HK$646.5m | HK$605.2m | HK$506.5m | HK$524.0m |
| Gross profit | HK$34.3m | HK$43.8m | HK$59.2m | HK$58.3m | HK$84.3m | HK$76.9m | HK$87.0m | HK$96.4m | HK$71.2m | HK$83.1m |
| Research and development | HK$3.1m | HK$6.5m | HK$5.2m | HK$4.9m | HK$5.2m | HK$5.1m | HK$2.8m | HK$2.8m | HK$2.8m | HK$2.4m |
| Operating income | −HK$33.1m | −HK$22.5m | −HK$18.0m | −HK$1.7m | HK$15.2m | HK$9.8m | HK$5.5m | HK$11.3m | HK$8.1m | HK$7.3m |
| Net income | −HK$39.2m | −HK$16.4m | −HK$16.4m | −HK$3.3m | HK$7.3m | HK$7.9m | HK$4.4m | HK$5.8m | HK$5.3m | HK$3.7m |
| Diluted earnings per share | -0.07 | -0.03 | -0.03 | -0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$249.4m | HK$220.8m | HK$275.9m | HK$340.2m | HK$354.1m | HK$300.1m | HK$300.6m | HK$350.0m | HK$316.0m | HK$235.4m |
| Cash and short-term investments | HK$129.6m | HK$104.8m | HK$133.9m | HK$124.4m | HK$127.3m | HK$100.7m | HK$120.4m | HK$140.6m | HK$141.1m | HK$78.0m |
| Total liabilities | HK$131.6m | HK$69.5m | HK$92.9m | HK$206.9m | HK$212.0m | HK$156.7m | HK$170.4m | HK$214.3m | HK$177.8m | HK$110.0m |
| Debt | HK$23.0m | HK$11.8m | HK$11.6m | HK$66.1m | HK$91.9m | HK$32.3m | HK$22.2m | HK$23.2m | HK$16.5m | HK$16.3m |
| Shareholders' equity | HK$117.3m | HK$151.4m | HK$182.1m | HK$131.9m | HK$139.9m | HK$142.7m | HK$129.1m | HK$135.7m | HK$138.2m | HK$125.4m |
| Shares outstanding | 550m | 547m | 520m | 400m | 400m | 400m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$10.9m | −HK$28.5m | −HK$5.2m | HK$57.7m | −HK$19.2m | −HK$11.2m | −HK$3.4m | HK$6.9m | HK$68.1m | −HK$38.4m |
| Capital spending | −HK$523,000 | −HK$455,000 | −HK$4.5m | −HK$21.9m | −HK$11.1m | −HK$17.4m | −HK$4.4m | −HK$6.7m | −HK$12.6m | −HK$810,000 |
| Free cash flow | HK$10.3m | −HK$29.0m | −HK$9.7m | HK$35.8m | −HK$30.3m | −HK$28.6m | −HK$7.8m | HK$259,000 | HK$55.6m | −HK$39.3m |
| Dividends paid | — | — | — | — | — | — | −HK$5.9m | −HK$5.9m | −HK$4.6m | −HK$5.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$65.8m | HK$65.8m | HK$253.2m | HK$126.6m | HK$80.5m | HK$80.5m | HK$110.3m | HK$110.3m |
| Gross profit | HK$2.7m | HK$2.7m | HK$22.0m | HK$12.1m | HK$5.1m | HK$5.1m | HK$10.6m | HK$10.6m |
| Operating income | −HK$9.2m | −HK$9.2m | −HK$15.2m | −HK$9.1m | −HK$9.0m | −HK$9.0m | −HK$5.4m | −HK$5.4m |
| Net income | −HK$9.2m | −HK$9.2m | −HK$21.3m | −HK$10.6m | −HK$9.0m | −HK$9.0m | −HK$5.8m | −HK$5.8m |
| Diluted earnings per share | -0.02 | -0.02 | -0.04 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 |
| Cash from operations | −HK$22.0m | −HK$22.0m | HK$22.0m | HK$11.0m | −HK$5.0m | −HK$5.0m | −HK$28.0m | — |
| Total assets | HK$154.4m | HK$154.4m | HK$249.4m | HK$249.4m | HK$218.1m | HK$218.1m | HK$220.8m | HK$220.8m |
| Cash and short-term investments | HK$78.5m | HK$78.5m | HK$129.6m | HK$129.6m | HK$106.3m | HK$106.3m | HK$104.8m | HK$104.8m |
| Debt | HK$18.6m | HK$18.6m | HK$23.0m | HK$16.2m | HK$15.4m | HK$4.2m | HK$11.8m | HK$4.8m |
| Shareholders' equity | HK$93.6m | HK$93.6m | HK$117.3m | HK$117.3m | HK$145.8m | HK$145.8m | HK$151.4m | HK$151.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.5% | -9.4% | -2.2% |
| Operating income | 167.2% | — | — |
| Net income | 127.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.2% | 10.0% | 10.6% | 12.5% |
| Operating margin | -6.5% | -3.9% | -1.5% | -0.1% |
| Net margin | -6.5% | -3.9% | -1.8% | -0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.0 | -14.8 | -21.0 | -46.6 | 14.9 | 6.1 | 12.8 | 13.5 | 24.7 | 43.1 |
| Price to sales | 0.7 | 0.6 | 0.7 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 May 2019.
| FY2019 | FY2017 | |
|---|---|---|
| Paid in the year | 0.015 | 0.012 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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