T 
0.28
—
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$410.1m
FY2017FY2026
Net income
HK$7.6m
FY2017FY2026
Free cash flow
−HK$1.5m
FY2017FY2026
Shareholders' equity
−HK$33.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$410.1m | HK$366.1m | HK$469.0m | HK$496.5m | HK$408.2m | HK$239.2m | HK$237.3m | HK$324.9m | HK$370.5m | HK$454.4m |
| Gross profit | HK$18.3m | HK$9.9m | HK$18.1m | HK$3.4m | −HK$9.4m | −HK$28.8m | −HK$17.5m | HK$3.5m | HK$14.2m | −HK$39.3m |
| Operating income | HK$8.3m | −HK$6.5m | HK$2.3m | HK$277,000 | −HK$21.5m | −HK$70.0m | −HK$76.7m | −HK$43.2m | −HK$19.5m | −HK$73.2m |
| Net income | HK$7.6m | −HK$11.3m | −HK$9.3m | −HK$9.4m | −HK$41.7m | −HK$72.9m | −HK$100.8m | −HK$65.3m | −HK$45.8m | −HK$104.5m |
| Diluted earnings per share | 0.13 | -0.17 | -0.23 | -0.00 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 | -0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$140.9m | HK$165.6m | HK$219.0m | HK$245.5m | HK$213.5m | HK$174.9m | HK$248.5m | HK$292.1m | HK$287.1m | HK$335.7m |
| Cash and short-term investments | HK$53.7m | HK$56.1m | HK$48.2m | HK$51.6m | HK$42.6m | HK$71.5m | HK$93.0m | HK$86.1m | HK$78.2m | HK$85.2m |
| Total liabilities | HK$172.5m | HK$205.5m | HK$622.4m | HK$640.3m | HK$598.8m | HK$520.0m | HK$520.4m | HK$459.1m | HK$419.7m | HK$500.1m |
| Debt | HK$45.6m | HK$40.5m | HK$303.0m | HK$305.9m | HK$305.8m | HK$293.3m | HK$297.8m | HK$277.0m | HK$294.4m | HK$287.1m |
| Shareholders' equity | −HK$33.3m | −HK$40.9m | −HK$405.1m | −HK$396.3m | −HK$386.8m | −HK$345.1m | −HK$272.0m | −HK$167.0m | −HK$131.3m | −HK$101.7m |
| Shares outstanding | 60m | 68m | 41m | 4,055m | 4,055m | 4,055m | 4,055m | 4,055m | 4,055m | 4,055m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$3.6m | −HK$1.1m | HK$4.6m | HK$21.0m | −HK$22.9m | −HK$7.9m | HK$26.1m | HK$31.4m | HK$13.1m | −HK$21.9m |
| Capital spending | −HK$5.1m | −HK$9.2m | −HK$3.6m | −HK$6.6m | −HK$6.5m | −HK$11.5m | −HK$7.5m | −HK$20.7m | −HK$16.9m | −HK$25.6m |
| Free cash flow | −HK$1.5m | −HK$10.2m | HK$947,000 | HK$14.4m | −HK$29.4m | −HK$19.4m | HK$18.6m | HK$10.7m | −HK$3.9m | −HK$47.6m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$201.9m | HK$100.9m | HK$208.3m | −HK$100.9m | HK$194.5m | HK$97.3m | HK$85.8m | HK$85.8m |
| Gross profit | HK$18.1m | HK$9.1m | HK$2.2m | HK$1.1m | HK$5.8m | HK$2.9m | HK$2.1m | HK$2.1m |
| Operating income | HK$15.3m | HK$9.7m | −HK$7.0m | −HK$9.7m | −HK$15.7m | −HK$7.0m | HK$3.7m | HK$3.7m |
| Net income | HK$16.2m | HK$8.1m | −HK$8.6m | −HK$8.1m | −HK$15.7m | −HK$7.9m | HK$2.2m | HK$2.2m |
| Diluted earnings per share | 0.27 | 0.12 | -0.13 | -0.12 | -0.23 | -0.19 | 0.05 | 0.05 |
| Cash from operations | HK$15.0m | HK$7.0m | −HK$11.0m | −HK$5.0m | −HK$6.0m | −HK$3.0m | HK$5.0m | HK$2.0m |
| Capital spending | — | — | −HK$5.0m | −HK$2.0m | — | — | −HK$4.0m | −HK$4.0m |
| Free cash flow | — | — | −HK$16.0m | −HK$7.0m | — | — | HK$1.0m | −HK$2.0m |
| Total assets | HK$140.9m | HK$140.9m | HK$133.3m | HK$133.3m | HK$165.6m | HK$165.6m | HK$231.8m | HK$231.8m |
| Cash and short-term investments | HK$53.7m | HK$58.0m | HK$38.8m | HK$43.0m | HK$56.1m | HK$61.3m | HK$68.0m | HK$68.0m |
| Debt | HK$45.1m | HK$909,000 | HK$42.6m | HK$884,000 | HK$40.5m | HK$1.1m | HK$39.1m | HK$1.6m |
| Shareholders' equity | −HK$33.3m | −HK$33.3m | −HK$49.5m | −HK$49.5m | −HK$40.9m | −HK$40.9m | −HK$25.2m | −HK$25.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.2% | 11.4% | 1.0% |
| Operating income | 210.2% | — | 0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 3.6% | 2.9% | 0.5% | 0.4% |
| Operating margin | 0.2% | 0.3% | -3.6% | -7.0% |
| Net margin | -0.5% | -1.3% | -5.7% | -12.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.4 | -2.1 | -3.3 | -515.5 | -116.6 | -77.8 | -68.4 | -186.3 | -575.3 | -201.8 |
| Price to sales | 0.1 | 0.1 | 0.1 | 9.8 | 11.9 | 23.7 | 29.1 | 37.5 | 71.1 | 46.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Feb 2011.
| FY2011 | |
|---|---|
| Paid in the year | 0.33 |
- 100-to-1 reverse split · 19 Jun 2024
- 10-for-1 split · 23 Dec 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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