C 
0.09
-6.38%
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$158.5m
FY2016FY2025
Net income
−HK$31.2m
FY2016FY2025
Free cash flow
−HK$30.0m
FY2016FY2025
Shareholders' equity
HK$115.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$158.5m | HK$140.0m | HK$135.1m | HK$146.7m | HK$141.8m | HK$87.0m | HK$152.5m | HK$123.0m | HK$116.6m | HK$86.6m |
| Gross profit | HK$13.6m | HK$34.9m | −HK$7.0m | −HK$23.4m | HK$15.2m | HK$10.4m | HK$13.8m | HK$6.1m | HK$20.2m | HK$24.5m |
| Operating income | −HK$7.0m | HK$5.8m | −HK$28.3m | −HK$42.5m | HK$19,000 | −HK$4.3m | HK$32,000 | −HK$18.4m | HK$7.0m | HK$20.8m |
| Net income | −HK$31.2m | HK$8.4m | −HK$26.8m | −HK$37.8m | −HK$14.7m | −HK$12.6m | −HK$2.4m | −HK$14.5m | HK$5.3m | HK$17.3m |
| Diluted earnings per share | -0.05 | 0.02 | -0.13 | -0.47 | -0.56 | -0.43 | -0.12 | -0.80 | 0.34 | 1.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$137.1m | HK$168.7m | HK$128.5m | HK$112.6m | HK$132.7m | HK$143.9m | HK$146.0m | HK$147.8m | HK$117.8m | HK$96.2m |
| Cash and short-term investments | HK$30.1m | HK$58.7m | HK$10.6m | HK$4.3m | HK$7.5m | HK$5.5m | HK$15.3m | HK$17.1m | HK$2.6m | HK$651,000 |
| Total liabilities | HK$21.6m | HK$45.3m | HK$55.8m | HK$62.1m | HK$77.9m | HK$81.3m | HK$70.7m | HK$64.1m | HK$62.3m | HK$46.1m |
| Debt | HK$1.3m | HK$4.0m | HK$7.5m | HK$15.9m | HK$35.2m | HK$47.5m | HK$28.4m | HK$27.5m | HK$7.2m | HK$7.8m |
| Shareholders' equity | HK$115.5m | HK$123.4m | HK$72.6m | HK$50.5m | HK$54.8m | HK$62.6m | HK$75.2m | HK$83.7m | HK$55.4m | HK$50.2m |
| Shares outstanding | 578m | 395m | 201m | 81m | 26m | 29m | 21m | 18m | 16m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$26.7m | −HK$2.3m | −HK$19.8m | −HK$9.7m | HK$6.4m | −HK$3.9m | HK$4.8m | −HK$29.0m | HK$19.0m | HK$29.9m |
| Capital spending | −HK$3.3m | −HK$1.8m | −HK$17.9m | −HK$7.7m | −HK$5.3m | −HK$6.0m | −HK$15.7m | −HK$11.6m | −HK$17.2m | −HK$16.6m |
| Free cash flow | −HK$30.0m | −HK$4.1m | −HK$37.8m | −HK$17.3m | HK$1.1m | −HK$9.9m | −HK$10.9m | −HK$40.5m | HK$1.7m | HK$13.3m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$12.2m | HK$52.6m | HK$105.9m | HK$140.0m | HK$31.3m | HK$28.3m | HK$48.8m | HK$28.3m |
| Gross profit | −HK$14.1m | −HK$9.8m | HK$23.4m | HK$34.9m | HK$4.2m | HK$5.9m | HK$438,000 | HK$12.5m |
| Operating income | −HK$22.7m | −HK$19.1m | HK$12.1m | HK$5.8m | −HK$1.3m | −HK$79,000 | −HK$3.9m | HK$7.0m |
| Net income | −HK$8.3m | −HK$29.8m | −HK$1.4m | HK$8.4m | −HK$3.0m | HK$1.6m | −HK$6.3m | HK$6.4m |
| Diluted earnings per share | -0.01 | -0.04 | -0.00 | 0.02 | -0.01 | 0.00 | -0.03 | 0.03 |
| Cash from operations | — | — | −HK$6.0m | −HK$5.0m | HK$3.0m | — | −HK$10.0m | — |
| Capital spending | — | — | −HK$3.0m | −HK$1.0m | — | — | −HK$1.0m | — |
| Free cash flow | — | — | −HK$9.0m | −HK$6.0m | — | — | −HK$11.0m | — |
| Total assets | HK$135.2m | HK$137.1m | HK$154.8m | HK$168.7m | HK$152.1m | — | HK$128.5m | — |
| Cash and short-term investments | HK$44.0m | HK$30.1m | HK$33.9m | HK$58.7m | HK$41.1m | — | HK$10.6m | — |
| Debt | — | HK$255,000 | HK$1.3m | HK$2.0m | HK$3.6m | — | HK$5.1m | — |
| Shareholders' equity | HK$118.1m | HK$115.5m | HK$122.0m | HK$123.4m | HK$106.5m | — | HK$72.6m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.6% | 12.8% | — |
| Operating income | -45.2% | 10.1% | — |
| Net income | -6.2% | 19.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 3.1% | 5.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | 4.9 | -1.5 | -0.3 | -0.4 | -0.8 | -6.9 | -2.2 | 14.5 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 17 Mar 2022
- 10-to-1 reverse split · 18 Mar 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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