W 
0.17
-12.50%
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$34.5m
FY2017FY2026
Net income
−HK$2.9m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
HK$4.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$34.5m | HK$35.4m | HK$32.3m | HK$48.2m | HK$51.6m | HK$50.5m | HK$66.2m | HK$96.7m | HK$86.5m | HK$63.3m |
| Gross profit | HK$5.1m | HK$7.3m | HK$2.6m | HK$4.7m | HK$3.7m | HK$7.2m | HK$6.0m | HK$6.1m | HK$7.7m | HK$4.9m |
| Operating income | −HK$9.6m | −HK$3.1m | −HK$30.3m | −HK$25.2m | −HK$26.2m | −HK$34.9m | −HK$11.2m | −HK$21.8m | −HK$12.1m | −HK$76.7m |
| Net income | −HK$2.9m | −HK$3.6m | −HK$30.7m | −HK$25.5m | −HK$28.1m | −HK$66.7m | −HK$19.9m | −HK$16.7m | −HK$57.1m | −HK$81.6m |
| Diluted earnings per share | -0.00 | -0.00 | -0.03 | -0.03 | -0.04 | -0.09 | -0.03 | -0.06 | -0.23 | -0.33 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$59.9m | HK$55.0m | HK$57.8m | HK$79.8m | HK$76.5m | HK$99.9m | HK$129.8m | HK$141.4m | HK$171.3m | HK$208.9m |
| Cash and short-term investments | HK$23.1m | HK$17.2m | HK$6.5m | HK$6.7m | HK$9.9m | HK$31.2m | HK$3.1m | HK$29.2m | HK$29.4m | HK$54.0m |
| Total liabilities | HK$55.5m | HK$47.8m | HK$47.0m | HK$38.3m | HK$28.5m | HK$30.8m | HK$36.0m | HK$26.6m | HK$43.7m | HK$63.2m |
| Debt | HK$5.7m | HK$6.3m | HK$6.3m | HK$6.3m | — | HK$10.4m | HK$12.6m | HK$11.4m | HK$31.9m | HK$53.7m |
| Shareholders' equity | HK$4.4m | HK$7.3m | HK$10.9m | HK$41.6m | HK$48.0m | HK$69.1m | HK$93.8m | HK$114.8m | HK$129.8m | HK$145.3m |
| Shares outstanding | 892m | 891m | 891m | 891m | 790m | 719m | 719m | 281m | 249m | 249m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | HK$2.4m | HK$300,000 | −HK$27.9m | −HK$17.8m | −HK$10.0m | −HK$13.4m | −HK$4.6m | −HK$2.1m | −HK$19.3m |
| Capital spending | — | — | — | — | — | — | −HK$5.4m | −HK$816,000 | −HK$5.0m | −HK$397,000 |
| Free cash flow | — | HK$2.4m | HK$300,000 | −HK$27.9m | −HK$17.8m | −HK$10.0m | −HK$18.8m | −HK$5.4m | −HK$7.1m | −HK$19.7m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$16.6m | HK$8.3m | HK$8.9m | HK$8.9m | HK$19.3m | HK$9.6m | HK$8.1m | HK$8.1m |
| Gross profit | HK$3.7m | HK$1.8m | HK$697,500 | HK$697,500 | HK$5.1m | HK$1.3m | HK$1.1m | HK$1.1m |
| Operating income | −HK$1.4m | −HK$5.4m | −HK$1.4m | −HK$1.4m | −HK$3.9m | −HK$1.5m | −HK$1.0m | −HK$1.0m |
| Net income | −HK$2.1m | −HK$1.0m | −HK$402,000 | −HK$402,000 | −HK$2.6m | −HK$1.3m | −HK$496,500 | −HK$496,500 |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | — | — | HK$1.0m | — | — | — |
| Total assets | HK$59.9m | HK$59.9m | HK$63.3m | HK$63.3m | HK$55.0m | HK$55.0m | HK$65.4m | HK$65.4m |
| Cash and short-term investments | HK$23.1m | HK$23.1m | HK$22.5m | HK$22.5m | HK$17.2m | HK$17.2m | HK$14.1m | HK$14.1m |
| Debt | HK$169,000 | HK$169,000 | HK$11.5m | HK$6.0m | HK$6.3m | HK$6.3m | HK$6.1m | HK$6.1m |
| Shareholders' equity | HK$4.4m | HK$4.4m | HK$6.5m | HK$6.5m | HK$7.3m | HK$7.3m | HK$9.9m | HK$9.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.5% | -7.3% | -5.2% |
| Operating income | -27.6% | -22.8% | -11.8% |
| Net income | -51.8% | -46.7% | -24.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.7% | 13.1% | 12.1% | 9.6% |
| Operating margin | -18.1% | -45.4% | -51.2% | -45.6% |
| Net margin | -9.2% | -41.7% | -62.4% | -61.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -67.2 | -123.8 | -2.3 | -5.2 | -3.0 | -1.4 | -4.1 | -0.8 | -0.7 | -0.7 |
| Price to sales | 5.6 | 12.4 | 2.2 | 2.8 | 1.6 | 1.9 | 1.2 | 0.1 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Sept 2011.
| FY2012 | |
|---|---|
| Paid in the year | 0.36 |
- 4-to-1 reverse split · 9 Oct 2019
- 6-to-1 reverse split · 7 Dec 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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