C 
3.83
+0.52%
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.
Net income
−HK$31.9m
FY2016FY2025
Total assets
HK$133.0m
FY2016FY2025
Shareholders' equity
HK$10.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | HK$0 | HK$0 | HK$0 | HK$2 | HK$0 | — | — | — |
| Operating income | HK$2.6m | −HK$8.7m | HK$5.1m | HK$24.4m | HK$31.2m | −HK$31.7m | HK$29.2m | HK$24.8m | HK$37.0m | −HK$231.2m |
| Net income | −HK$31.9m | −HK$16.9m | −HK$8.8m | −HK$7.6m | −HK$19.0m | −HK$76.0m | −HK$36.8m | −HK$29.6m | −HK$14.7m | −HK$254.4m |
| Diluted earnings per share | -0.34 | -0.12 | -0.11 | -0.15 | -9.01 | -0.25 | -52.40 | -42.13 | -20.95 | -361.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$133.0m | HK$155.6m | HK$219.3m | HK$294.9m | HK$416.5m | HK$470.8m | HK$575.5m | HK$533.8m | HK$610.8m | HK$548.7m |
| Cash and short-term investments | HK$97.3m | HK$72.2m | HK$93.2m | HK$105.7m | HK$101.5m | HK$156.1m | HK$238.1m | HK$193.4m | HK$55.9m | HK$154.0m |
| Total liabilities | HK$89.4m | HK$83.5m | HK$129.7m | HK$193.5m | HK$298.6m | HK$444.7m | HK$504.5m | HK$610.9m | HK$570.7m | HK$567.1m |
| Debt | HK$74.1m | HK$76.3m | HK$117.2m | HK$180.3m | HK$286.8m | HK$432.4m | HK$487.0m | HK$593.7m | HK$548.9m | HK$549.9m |
| Shareholders' equity | HK$10.9m | HK$39.5m | HK$51.1m | HK$60.3m | HK$75.0m | −HK$21.0m | HK$21.4m | −HK$89.5m | HK$23.9m | −HK$33.6m |
| Shares outstanding | 94m | 141m | 78m | 51m | 2m | 306m | 1m | 1m | 1m | 1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −HK$7.4m | −HK$3.6m | −HK$8.8m | −HK$4.5m | −HK$3.6m | −HK$3.6m | −HK$305,000 | −HK$305,000 |
| Net income | HK$3.2m | HK$1.6m | −HK$23.8m | −HK$11.9m | −HK$4.1m | −HK$4.1m | −HK$2.4m | −HK$2.4m |
| Diluted earnings per share | 0.03 | 0.02 | -0.25 | -0.13 | -0.04 | -0.04 | -0.02 | -0.02 |
| Total assets | HK$197.1m | HK$197.1m | HK$133.0m | HK$133.0m | HK$150.4m | HK$150.4m | HK$155.6m | HK$155.6m |
| Cash and short-term investments | HK$92.1m | HK$92.1m | HK$97.3m | HK$97.3m | HK$84.5m | HK$84.5m | HK$72.2m | HK$72.2m |
| Debt | HK$152.0m | HK$153.8m | HK$74.1m | HK$71.2m | HK$75.2m | HK$66.7m | HK$77.3m | HK$68.5m |
| Shareholders' equity | HK$21.5m | HK$21.5m | HK$10.9m | HK$10.9m | HK$32.9m | HK$32.9m | HK$39.5m | HK$39.5m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.1% | -50.7% | 11.9% | 1613.3% | 1442.9% | -1025.2% | — |
| Net margin | -76.4% | -89.6% | -24.3% | -504.4% | -880.8% | -2700.0% | — |
| Return on equity | -294.0% | -42.8% | -17.2% | -12.7% | -25.4% | 361.9% | — |
| Return on assets | -24.0% | -10.9% | -4.0% | -2.6% | -4.6% | -16.1% | — |
| Revenue growth | 121.4% | -47.9% | 2296.4% | -30.0% | -23.2% | 111.2% | — |
| Earnings growth | 88.9% | 91.7% | 15.6% | -59.9% | -75.0% | 106.1% | — |
| Current ratio | 1.79x | 1.58x | 1.44x | 3.91x | 3.25x | 23.54x | — |
| Debt to equity | 6.75x | 1.88x | 2.25x | 2.93x | 3.77x | -20.40x | — |
| Equity ratio | 8.2% | 25.4% | 23.3% | 20.4% | 18.0% | -4.5% | — |
| Interest coverage | 0.27x | -1.17x | 0.28x | 0.95x | 0.79x | -0.59x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 33.3% | -79.9% | -53.9% | -2307.9% | 94.5% | -5348.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 202.3% | 71.5% | -12.6% |
| Operating income | -52.4% | — | -28.1% |
| Net income | 61.2% | -15.9% | -19.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.9% | 23.8% | 22.2% | -13.3% |
| Net margin | -80.5% | -66.4% | -155.1% | -222.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -0.6 | -0.5 | -0.4 | -0.1 | -1.3 | -0.0 | -0.0 | -0.1 | -0.0 |
| Price to sales | 2.9 | 0.5 | 0.1 | 2.1 | 0.5 | 34.0 | 0.7 | 0.1 | 0.0 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 23 Feb 2023
- 5-to-1 reverse split · 8 Apr 2020
- 2-for-1 split · 18 Jan 2011
- 50-to-1 reverse split · 21 Dec 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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