T 
0.50
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$43.3m
FY2016FY2025
Net income
−HK$8.7m
FY2016FY2025
Free cash flow
HK$6.3m
FY2016FY2025
Shareholders' equity
HK$822,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$43.3m | HK$36.3m | HK$36.4m | HK$37.5m | HK$59.9m | HK$57.5m | HK$107.5m | HK$119.7m | HK$130.5m | HK$167.9m |
| Operating income | −HK$8.0m | HK$2.5m | HK$1.9m | −HK$22.3m | −HK$13.0m | −HK$11.3m | −HK$13.0m | −HK$15.3m | −HK$24.8m | −HK$1.3m |
| Net income | −HK$8.7m | −HK$8.3m | −HK$15.3m | −HK$20.4m | −HK$16.6m | −HK$16.4m | −HK$17.2m | −HK$25.9m | −HK$36.0m | −HK$13.1m |
| Diluted earnings per share | -0.16 | -0.15 | -0.57 | -0.84 | -0.04 | -0.04 | -0.04 | -0.06 | -0.08 | -0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$50.2m | HK$27.3m | HK$35.9m | HK$38.9m | HK$77.7m | HK$90.8m | HK$116.3m | HK$108.1m | HK$133.8m | HK$120.1m |
| Cash and short-term investments | HK$3.8m | HK$815,000 | HK$6.2m | HK$1.7m | HK$17.3m | HK$25.6m | HK$57.6m | HK$65.4m | HK$78.5m | HK$54.1m |
| Total liabilities | HK$49.4m | HK$17.8m | HK$18.1m | HK$18.6m | HK$36.9m | HK$33.5m | HK$42.6m | HK$17.2m | HK$17.0m | HK$49.8m |
| Debt | HK$31.7m | HK$9.1m | HK$5.4m | HK$5.8m | HK$24.3m | HK$24.8m | HK$33.0m | −HK$217,000 | — | HK$26.2m |
| Shareholders' equity | HK$822,000 | HK$9.5m | HK$17.8m | HK$20.4m | HK$40.8m | HK$57.3m | HK$73.7m | HK$90.9m | HK$116.9m | HK$70.3m |
| Shares outstanding | 56m | 56m | 27m | 24m | 446m | 446m | 446m | 446m | 446m | 446m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$13.2m | −HK$2.2m | −HK$4.6m | HK$2.0m | −HK$3.3m | −HK$15.5m | HK$8.0m | −HK$11.2m | −HK$37.3m | HK$126,000 |
| Capital spending | −HK$6.9m | — | −HK$802,000 | −HK$68,000 | −HK$2.3m | −HK$1.8m | −HK$903,000 | −HK$2.7m | −HK$1.5m | −HK$11.3m |
| Free cash flow | HK$6.3m | −HK$2.2m | −HK$5.4m | HK$1.9m | −HK$5.7m | −HK$17.3m | HK$7.1m | −HK$13.9m | −HK$38.8m | −HK$11.2m |
Latest quarters
By quarter end
| Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$12.8m | HK$12.8m | HK$8.9m | HK$8.9m | HK$9.2m | HK$9.2m | HK$8.9m | HK$8.9m |
| Operating income | HK$1.6m | HK$1.6m | HK$660,500 | HK$660,500 | HK$620,000 | HK$620,000 | HK$653,000 | HK$653,000 |
| Net income | −HK$2.9m | −HK$2.9m | −HK$1.5m | −HK$1.5m | −HK$2.7m | −HK$2.7m | −HK$1.5m | −HK$1.5m |
| Diluted earnings per share | -0.05 | -0.05 | -0.03 | -0.03 | -0.05 | -0.05 | -0.03 | -0.03 |
| Cash from operations | HK$6.0m | HK$6.0m | — | — | — | — | — | — |
| Capital spending | −HK$3.0m | −HK$3.0m | — | — | — | — | — | — |
| Free cash flow | HK$3.0m | HK$3.0m | — | — | — | — | — | — |
| Total assets | HK$50.2m | HK$50.2m | HK$26.2m | HK$26.2m | HK$27.3m | HK$27.3m | HK$29.0m | HK$29.0m |
| Cash and short-term investments | HK$3.8m | HK$3.8m | HK$249,000 | HK$249,000 | HK$815,000 | HK$815,000 | HK$270,000 | HK$270,000 |
| Debt | HK$5.2m | HK$5.2m | HK$9.4m | HK$9.4m | HK$9.1m | HK$9.1m | HK$5.2m | HK$4.7m |
| Shareholders' equity | HK$822,000 | HK$822,000 | HK$6.5m | HK$6.5m | HK$9.5m | HK$9.5m | HK$14.8m | HK$14.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | -5.5% | -13.1% |
| Operating income | -29.0% | -6.7% | — |
| Net income | -24.8% | -11.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -6.8% | -16.8% | -18.5% | -10.3% |
| Net margin | -21.4% | -34.4% | -31.7% | -18.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.3 | -3.6 | -0.9 | -0.9 | -22.7 | -21.4 | -36.1 | -209.9 | -221.9 | -1077.2 |
| Price to sales | 3.3 | 0.8 | 0.4 | 0.5 | 6.3 | 6.1 | 5.8 | 45.5 | 61.1 | 83.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 7 Sept 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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