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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$1.05bn
FY2016FY2025
Net income
−HK$57.1m
FY2016FY2025
Free cash flow
HK$114.5m
FY2016FY2025
Shareholders' equity
HK$912.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$1.05bn | HK$1.23bn | HK$1.39bn | HK$1.07bn | HK$506.2m | HK$218.1m | HK$202.9m | HK$170.4m | HK$110.3m | HK$49.3m |
| Gross profit | HK$180.6m | HK$203.1m | HK$195.3m | HK$165.3m | HK$126.1m | HK$50.7m | HK$50.0m | HK$46.0m | HK$24.0m | HK$14.1m |
| Research and development | HK$33.1m | HK$49.9m | HK$32.0m | HK$22.0m | HK$17.5m | HK$14.0m | HK$8.5m | HK$7.4m | HK$1.5m | — |
| Operating income | HK$65.4m | HK$29.8m | HK$123.4m | HK$78.1m | HK$85.2m | HK$19.8m | HK$23.5m | HK$72.1m | HK$13.1m | HK$1.5m |
| Net income | −HK$57.1m | −HK$197.1m | HK$83.1m | HK$45.9m | HK$62.6m | HK$19.9m | HK$25.0m | HK$59.1m | HK$9.4m | HK$63,000 |
| Diluted earnings per share | -0.07 | -0.25 | 0.11 | 0.06 | 0.10 | 0.03 | 0.04 | 0.09 | 0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.02bn | HK$2.01bn | HK$2.33bn | HK$2.30bn | HK$1.45bn | HK$555.6m | HK$493.8m | HK$445.2m | HK$244.5m | HK$143.4m |
| Cash and short-term investments | HK$131.6m | HK$129.2m | HK$206.5m | HK$188.3m | HK$438.0m | HK$152.9m | HK$220.9m | HK$213.9m | HK$39.5m | HK$42.7m |
| Total liabilities | HK$1.08bn | HK$1.05bn | HK$1.11bn | HK$1.15bn | HK$678.7m | HK$113.1m | HK$98.0m | HK$68.7m | HK$121.0m | HK$41.0m |
| Debt | HK$369.9m | HK$483.8m | HK$549.4m | HK$349.3m | HK$236.0m | HK$17.9m | HK$41.8m | — | HK$55.0m | — |
| Shareholders' equity | HK$912.4m | HK$940.1m | HK$1.19bn | HK$1.13bn | HK$754.0m | HK$442.3m | HK$395.8m | HK$376.5m | HK$123.4m | HK$102.3m |
| Shares outstanding | 786m | 786m | 785m | 784m | 658m | 648m | 648m | 648m | 648m | 648m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$204.2m | HK$30.5m | −HK$5.2m | −HK$296.5m | HK$238,000 | HK$16.8m | HK$24.5m | HK$423,000 | −HK$32.3m | HK$3.7m |
| Capital spending | −HK$89.8m | −HK$69.2m | −HK$93.6m | −HK$466.4m | −HK$162.5m | −HK$70.5m | −HK$44.6m | −HK$23.9m | −HK$25.1m | −HK$40.0m |
| Free cash flow | HK$114.5m | −HK$38.7m | −HK$98.9m | −HK$762.9m | −HK$162.2m | −HK$53.7m | −HK$20.1m | −HK$23.5m | −HK$57.4m | −HK$36.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$414.7m | HK$207.4m | HK$285.4m | HK$285.4m | HK$238.7m | HK$238.7m | HK$293.7m | HK$293.7m |
| Gross profit | HK$83.1m | HK$41.6m | HK$48.6m | HK$48.6m | HK$41.6m | HK$41.6m | HK$45.7m | HK$45.7m |
| Operating income | −HK$13.6m | −HK$9.7m | −HK$27.5m | −HK$27.5m | HK$9.2m | HK$9.2m | −HK$103.0m | −HK$103.0m |
| Net income | −HK$27.6m | −HK$13.8m | −HK$30.9m | −HK$30.9m | HK$2.4m | HK$2.4m | −HK$104.7m | −HK$104.7m |
| Diluted earnings per share | -0.04 | -0.02 | -0.04 | -0.04 | 0.00 | 0.00 | -0.13 | -0.13 |
| Cash from operations | −HK$32.0m | −HK$16.0m | HK$74.0m | HK$36.0m | HK$64.0m | HK$64.0m | HK$1.0m | HK$1.0m |
| Capital spending | −HK$40.0m | −HK$20.0m | −HK$48.0m | −HK$24.0m | −HK$20.0m | −HK$20.0m | −HK$8.0m | −HK$8.0m |
| Free cash flow | −HK$72.0m | −HK$36.0m | HK$26.0m | HK$12.0m | HK$44.0m | HK$44.0m | −HK$7.0m | −HK$7.0m |
| Total assets | HK$1.87bn | HK$1.87bn | HK$2.02bn | HK$2.02bn | HK$2.02bn | HK$2.02bn | HK$2.01bn | HK$2.01bn |
| Cash and short-term investments | HK$107.2m | HK$129.3m | HK$131.6m | HK$153.3m | HK$119.0m | HK$119.0m | HK$129.2m | HK$129.2m |
| Debt | HK$335.5m | HK$335.5m | HK$369.9m | HK$313.7m | HK$375.1m | HK$245.4m | HK$483.8m | HK$321.4m |
| Shareholders' equity | HK$883.7m | HK$883.7m | HK$912.4m | HK$912.4m | HK$996.7m | HK$996.7m | HK$940.1m | HK$940.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.6% | 36.9% | 36.7% |
| Operating income | -5.8% | 27.0% | — |
| Net income | — | — | 28.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.8% | 15.7% | 16.9% | 17.8% |
| Operating margin | 4.2% | 6.3% | 7.4% | 8.4% |
| Net margin | -11.1% | -2.6% | -0.8% | 0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.7 | -3.3 | 18.9 | 88.3 | 41.4 | 93.4 | 35.8 | 20.5 | 147.2 | — |
| Price to sales | 0.4 | 0.5 | 1.1 | 3.8 | 5.1 | 8.5 | 4.4 | 7.1 | 12.5 | 19.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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