W 
0.11
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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$27.1m
FY2016FY2025
Net income
−HK$6.6m
FY2016FY2025
Free cash flow
−HK$10.2m
FY2016FY2025
Shareholders' equity
−HK$42.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$27.1m | HK$20.8m | HK$23.6m | HK$34.6m | HK$61.1m | HK$29.9m | HK$20.8m | HK$14.8m | HK$29.7m | HK$35.6m |
| Operating income | −HK$5.3m | −HK$18.3m | −HK$73.5m | HK$7.8m | HK$25.2m | −HK$558,000 | −HK$15.1m | −HK$33.3m | −HK$20.5m | −HK$22.5m |
| Net income | −HK$6.6m | −HK$19.8m | −HK$73.7m | HK$10.1m | HK$21.5m | −HK$2.8m | −HK$39.3m | −HK$38.7m | −HK$21.5m | −HK$26.3m |
| Diluted earnings per share | -0.07 | -0.03 | -0.12 | 0.02 | 0.05 | -0.01 | -0.09 | -0.09 | -0.05 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$32.8m | HK$28.5m | HK$41.0m | HK$63.9m | HK$49.8m | HK$30.8m | HK$16.6m | HK$46.1m | HK$64.9m | HK$130.6m |
| Cash and short-term investments | HK$5.1m | HK$9.6m | HK$3.6m | HK$1.9m | HK$10.9m | HK$3.2m | HK$3.6m | HK$11.7m | HK$44.9m | HK$44.3m |
| Total liabilities | HK$78.7m | HK$67.2m | HK$70.7m | HK$32.1m | HK$35.9m | HK$38.3m | HK$28.5m | HK$21.3m | HK$6.4m | HK$55.8m |
| Debt | HK$7.0m | HK$2.8m | HK$8.7m | HK$12.2m | HK$20.2m | HK$26.2m | HK$18.7m | HK$12.9m | HK$2.9m | HK$28.2m |
| Shareholders' equity | −HK$42.7m | −HK$36.1m | −HK$27.7m | HK$31.9m | HK$14.0m | −HK$7.5m | −HK$12.3m | HK$27.5m | HK$60.8m | HK$76.0m |
| Shares outstanding | 98m | 624m | 622m | 518m | 432m | 432m | 432m | 432m | 432m | 360m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$10.2m | HK$2.4m | −HK$5.1m | −HK$7.9m | HK$18.4m | HK$1.9m | −HK$14.1m | −HK$20.6m | −HK$3.5m | −HK$11.5m |
| Capital spending | — | — | −HK$4,000 | — | −HK$1.7m | −HK$30,000 | −HK$91,245 | −HK$2.9m | −HK$1.3m | −HK$1.1m |
| Free cash flow | −HK$10.2m | HK$2.4m | −HK$5.1m | −HK$7.9m | HK$16.7m | HK$1.9m | −HK$14.2m | −HK$23.5m | −HK$4.8m | −HK$12.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$40.3m | HK$40.3m | HK$15.3m | HK$7.6m | HK$5.9m | HK$5.9m | HK$6.6m | HK$6.6m |
| Operating income | −HK$1.5m | −HK$1.5m | −HK$4.5m | −HK$2.7m | HK$99,500 | HK$99,500 | −HK$9.2m | −HK$9.2m |
| Net income | −HK$2.5m | −HK$2.5m | −HK$6.3m | −HK$3.1m | −HK$158,000 | −HK$158,000 | −HK$9.8m | −HK$9.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.06 | -0.03 | -0.00 | -0.00 | -0.02 | -0.02 |
| Cash from operations | −HK$39.0m | −HK$19.0m | — | — | −HK$4.0m | −HK$4.0m | −HK$2.0m | — |
| Total assets | HK$138.4m | HK$138.4m | HK$32.8m | HK$32.8m | HK$28.7m | HK$28.7m | HK$28.5m | HK$28.5m |
| Cash and short-term investments | HK$10.4m | HK$10.4m | HK$5.1m | HK$5.2m | HK$5.0m | HK$5.0m | HK$9.6m | HK$9.6m |
| Debt | HK$4.3m | HK$4.3m | HK$7.0m | HK$8.8m | HK$7.3m | HK$7.3m | HK$2.8m | HK$2.8m |
| Shareholders' equity | HK$1.9m | HK$1.9m | −HK$42.7m | −HK$42.7m | −HK$36.5m | −HK$36.5m | −HK$36.1m | −HK$36.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | -1.9% | 2.7% |
| Operating income | — | 56.9% | — |
| Net income | — | 18.3% | 1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -49.2% | -84.1% | -32.7% | -48.4% |
| Net margin | -55.0% | -84.8% | -36.2% | -63.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.4 | -5.6 | -2.4 | 34.1 | 11.0 | -110.4 | -21.9 | -25.1 | -76.9 | -27.1 |
| Price to sales | 0.8 | 5.3 | 7.3 | 9.9 | 3.9 | 10.5 | 41.3 | 65.6 | 55.7 | 20.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 12 Dec 2024
- 20-to-1 reverse split · 20 Feb 2019
- 10-for-1 split · 8 Jun 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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