S 
0.12
-4.96%
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$407.1m
FY2017FY2026
Net income
−HK$22.4m
FY2017FY2026
Free cash flow
−HK$58.5m
FY2017FY2026
Shareholders' equity
HK$89.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$407.1m | HK$400.9m | HK$435.1m | HK$323.7m | HK$324.9m | HK$617.8m | HK$627.5m | HK$645.8m | HK$792.0m | HK$917.8m |
| Gross profit | HK$16.4m | HK$25.7m | HK$24.5m | HK$33.6m | HK$49.9m | HK$48.9m | HK$34.9m | HK$19.8m | HK$85.3m | HK$102.7m |
| Operating income | −HK$19.8m | −HK$35.3m | −HK$18.7m | −HK$9.6m | HK$13.2m | HK$3.4m | −HK$1.4m | −HK$20.2m | HK$33.6m | HK$71.0m |
| Net income | −HK$22.4m | −HK$35.3m | −HK$20.4m | −HK$11.0m | HK$15.3m | HK$9.9m | −HK$3.2m | −HK$14.9m | HK$38.8m | HK$65.5m |
| Diluted earnings per share | -0.08 | -0.12 | -0.07 | -0.05 | 0.07 | 0.05 | -0.02 | -0.07 | 0.18 | 0.30 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$201.8m | HK$312.6m | HK$333.0m | HK$322.4m | HK$299.8m | HK$390.1m | HK$388.0m | HK$415.1m | HK$403.2m | HK$371.3m |
| Cash and short-term investments | HK$52.5m | HK$79.7m | HK$84.7m | HK$98.6m | HK$86.3m | HK$90.9m | HK$139.9m | HK$123.2m | HK$100.2m | HK$114.3m |
| Total liabilities | HK$112.6m | HK$201.0m | HK$204.1m | HK$171.5m | HK$169.4m | HK$273.3m | HK$291.0m | HK$315.4m | HK$267.8m | HK$268.8m |
| Debt | HK$15.1m | HK$655,000 | HK$7.0m | HK$10.1m | HK$1.8m | HK$11.9m | HK$33.0m | HK$43.4m | HK$37.7m | HK$30.1m |
| Shareholders' equity | HK$89.2m | HK$111.6m | HK$128.9m | HK$150.9m | HK$130.4m | HK$116.9m | HK$106.2m | HK$110.3m | HK$138.1m | HK$95.5m |
| Shares outstanding | 288m | 288m | 288m | 240m | 230m | 200m | 200m | 200m | 221m | 221m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$58.4m | −HK$37.2m | −HK$17.1m | −HK$21.7m | HK$46.8m | −HK$21.1m | HK$67.6m | HK$37.6m | −HK$17.7m | HK$10.6m |
| Capital spending | −HK$42,000 | −HK$445,000 | −HK$1.2m | −HK$87,000 | −HK$5.0m | −HK$14.8m | −HK$20.2m | −HK$184,000 | −HK$129,000 | −HK$150,000 |
| Free cash flow | −HK$58.5m | −HK$37.7m | −HK$18.3m | −HK$21.8m | HK$41.8m | −HK$35.9m | HK$47.5m | HK$37.4m | −HK$17.8m | HK$10.5m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$192.9m | HK$96.1m | HK$214.3m | −HK$96.1m | HK$199.1m | HK$99.6m | HK$100.9m | HK$100.9m |
| Gross profit | HK$7.8m | HK$4.8m | HK$8.6m | −HK$4.8m | HK$14.9m | HK$7.5m | HK$5.4m | HK$5.4m |
| Operating income | −HK$10.5m | −HK$2.9m | −HK$9.3m | −HK$5.0m | −HK$16.5m | −HK$5.7m | −HK$5.3m | −HK$5.3m |
| Net income | −HK$12.8m | −HK$6.4m | −HK$9.5m | HK$6.4m | −HK$26.5m | −HK$13.2m | −HK$4.4m | −HK$4.4m |
| Diluted earnings per share | -0.04 | -0.02 | -0.03 | 0.02 | -0.09 | -0.05 | -0.02 | -0.02 |
| Cash from operations | −HK$14.0m | −HK$8.0m | −HK$44.0m | −HK$19.0m | −HK$30.0m | −HK$13.0m | −HK$6.0m | −HK$5.0m |
| Total assets | HK$201.8m | HK$201.8m | HK$218.0m | HK$218.0m | HK$312.6m | HK$312.6m | HK$320.8m | HK$320.8m |
| Cash and short-term investments | HK$52.5m | HK$44.9m | HK$41.2m | HK$33.2m | HK$79.7m | HK$86.4m | HK$83.4m | HK$83.4m |
| Debt | HK$14.9m | HK$14.9m | HK$3.9m | HK$3.7m | HK$655,000 | HK$198,000 | HK$3.0m | HK$2.7m |
| Shareholders' equity | HK$89.2m | HK$89.2m | HK$102.1m | HK$102.1m | HK$111.6m | HK$111.6m | HK$135.3m | HK$135.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | -8.0% | -6.7% |
| Operating income | 27.3% | — | — |
| Net income | 26.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.2% | 6.4% | 7.9% | 7.8% |
| Operating margin | -6.8% | -5.3% | -2.7% | 0.4% |
| Net margin | -7.1% | -5.7% | -2.5% | 0.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -3.2 | -15.3 | -9.5 | 11.5 | 17.6 | -22.7 | -7.5 | 4.1 | 2.8 |
| Price to sales | 0.1 | 0.3 | 0.7 | 0.3 | 0.5 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2015.
| FY2016 | |
|---|---|
| Paid in the year | 0.02 |
- 5-to-1 reverse split · 28 Apr 2021
- 5-for-4 split · 22 Sept 2015
- 2-for-1 split · 4 Jun 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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