M 
0.07
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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$677.1m
FY2016FY2025
Net income
−HK$7.2m
FY2016FY2025
Free cash flow
−HK$42.1m
FY2016FY2025
Shareholders' equity
HK$131.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$677.1m | HK$1.02bn | HK$997.0m | HK$664.0m | HK$580.5m | HK$542.3m | HK$342.1m | HK$423.5m | HK$463.8m | HK$347.0m |
| Gross profit | HK$60.6m | HK$87.7m | HK$95.4m | HK$60.6m | HK$71.7m | HK$59.7m | HK$27.3m | HK$26.8m | HK$44.2m | HK$38.2m |
| Operating income | HK$1.7m | HK$23.0m | HK$33.8m | HK$9.8m | HK$21.9m | HK$21.1m | HK$1.9m | −HK$9.5m | HK$9.2m | HK$17.7m |
| Net income | −HK$7.2m | HK$16.1m | HK$28.3m | HK$2.3m | HK$28.6m | HK$14.1m | HK$2.2m | −HK$10.0m | HK$2.8m | HK$12.5m |
| Diluted earnings per share | -0.01 | 0.03 | 0.05 | 0.00 | 0.05 | 0.02 | 0.00 | -0.02 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$213.6m | HK$345.5m | HK$330.0m | HK$298.5m | HK$198.4m | HK$167.4m | HK$118.4m | HK$129.8m | HK$128.7m | HK$127.9m |
| Cash and short-term investments | HK$75.9m | HK$73.2m | HK$72.3m | HK$73.6m | HK$70.5m | HK$40.2m | HK$33.4m | HK$28.6m | HK$17.1m | HK$38.7m |
| Total liabilities | HK$81.7m | HK$206.4m | HK$207.0m | HK$203.7m | HK$96.9m | HK$94.5m | HK$59.5m | HK$72.9m | HK$100.7m | HK$99.2m |
| Debt | HK$13.9m | HK$38.4m | HK$68.2m | HK$116.2m | HK$37.5m | HK$40.5m | HK$22.7m | HK$35.4m | HK$39.6m | HK$61.1m |
| Shareholders' equity | HK$131.9m | HK$139.1m | HK$123.0m | HK$94.8m | HK$101.5m | HK$72.9m | HK$58.8m | HK$56.9m | HK$28.1m | HK$28.7m |
| Shares outstanding | 600m | 600m | 600m | 600m | 600m | 600m | 600m | 595m | 450m | 450m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$31.3m | HK$57.5m | HK$71.3m | −HK$3.3m | HK$42.5m | HK$23.9m | HK$7.7m | −HK$18.0m | HK$16.3m | HK$19.0m |
| Capital spending | −HK$10.8m | −HK$6.1m | −HK$15.2m | −HK$2.7m | −HK$491,000 | −HK$1.9m | −HK$2.3m | −HK$1.1m | −HK$1.3m | −HK$327,000 |
| Free cash flow | −HK$42.1m | HK$51.5m | HK$56.1m | −HK$6.1m | HK$42.0m | HK$22.0m | HK$5.4m | −HK$19.1m | HK$15.0m | HK$18.7m |
| Dividends paid | — | — | — | −HK$9.0m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$195.0m | HK$677.1m | HK$457.8m | HK$1.02bn | HK$255.4m | HK$257.4m | HK$262.0m | HK$255.7m |
| Gross profit | HK$22.7m | HK$60.6m | HK$37.5m | HK$87.7m | HK$21.9m | HK$19.1m | HK$23.7m | HK$26.0m |
| Operating income | −HK$336,000 | HK$1.7m | HK$4.8m | HK$23.0m | HK$5.6m | HK$2.7m | HK$10.5m | HK$6.0m |
| Net income | HK$883,000 | −HK$7.2m | HK$6.6m | HK$16.1m | HK$6.2m | HK$2.1m | HK$9.3m | HK$3.3m |
| Diluted earnings per share | 0.00 | -0.01 | 0.01 | 0.03 | 0.01 | 0.00 | 0.02 | 0.01 |
| Total assets | HK$196.8m | HK$213.6m | HK$371.8m | HK$345.5m | HK$377.1m | — | HK$330.0m | — |
| Cash and short-term investments | HK$47.2m | HK$75.9m | HK$113.6m | HK$73.2m | HK$113.7m | — | HK$72.3m | HK$94.2m |
| Debt | HK$801,000 | HK$7.7m | HK$41.4m | HK$25.1m | HK$56.3m | — | HK$51.8m | — |
| Shareholders' equity | HK$132.8m | HK$131.9m | HK$145.7m | HK$139.1m | HK$131.3m | — | HK$123.0m | HK$110.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.7% | 4.5% | 7.9% |
| Operating income | -44.4% | -39.6% | -21.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.7% | 9.0% | 9.7% | 9.6% |
| Operating margin | 1.4% | 2.0% | 2.5% | 2.4% |
| Net margin | 0.5% | 1.2% | 1.8% | 1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | 2.5 | 1.4 | 22.9 | 2.2 | 2.5 | 22.9 | -6.9 | 67.9 |
| Price to sales | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Sept 2021.
| FY2022 | |
|---|---|
| Paid in the year | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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