W 
0.05
0.00%
Close of 5 Nov 2026, in HKD
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$123.0m
FY2016FY2025
Net income
−HK$2.2m
FY2016FY2025
Free cash flow
HK$7.9m
FY2016FY2025
Shareholders' equity
HK$82.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$123.0m | HK$108.5m | HK$108.4m | HK$93.3m | HK$86.0m | HK$76.8m | HK$134.7m | HK$136.2m | HK$132.9m | HK$133.6m |
| Operating income | −HK$2.0m | HK$1.7m | −HK$3.3m | −HK$14.5m | −HK$25.6m | −HK$6.7m | −HK$8.4m | HK$5.3m | −HK$5.6m | HK$7.8m |
| Net income | −HK$2.2m | HK$296,000 | −HK$3.2m | −HK$9.6m | −HK$23.1m | −HK$5.7m | −HK$7.6m | HK$3.6m | −HK$7.5m | HK$4.6m |
| Diluted earnings per share | -0.00 | 0.00 | -0.00 | -0.01 | -0.02 | -0.00 | -0.01 | 0.00 | -0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$116.1m | HK$112.0m | HK$120.6m | HK$132.1m | HK$153.8m | HK$159.4m | HK$196.2m | HK$193.2m | HK$170.7m | HK$113.3m |
| Cash and short-term investments | HK$16.7m | HK$13.2m | HK$10.3m | HK$15.6m | HK$23.1m | HK$29.1m | HK$65.3m | HK$21.7m | HK$24.6m | HK$11.3m |
| Total liabilities | HK$36.4m | HK$23.8m | HK$33.8m | HK$42.3m | HK$48.5m | HK$35.6m | HK$54.5m | HK$50.0m | HK$43.8m | HK$43.9m |
| Debt | HK$11.7m | HK$9.6m | HK$9.9m | HK$20.8m | HK$27.2m | HK$14.4m | HK$35.7m | HK$27.4m | HK$24.3m | HK$28.3m |
| Shareholders' equity | HK$82.2m | HK$90.8m | HK$92.2m | HK$95.3m | HK$106.9m | HK$122.4m | HK$139.5m | HK$139.2m | HK$123.0m | HK$65.1m |
| Shares outstanding | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m | 1,400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$8.4m | HK$10.1m | HK$565,000 | −HK$849,000 | HK$1.8m | HK$2.8m | HK$3.4m | HK$10.0m | −HK$4.2m | HK$10.1m |
| Capital spending | −HK$558,000 | −HK$606,000 | −HK$136,000 | −HK$1.8m | −HK$2.7m | −HK$4.5m | −HK$4.0m | −HK$15.6m | −HK$31.4m | −HK$334,000 |
| Free cash flow | HK$7.9m | HK$9.5m | HK$429,000 | −HK$2.6m | −HK$826,000 | −HK$1.7m | −HK$690,000 | −HK$5.6m | −HK$35.6m | HK$9.7m |
| Dividends paid | — | — | — | — | — | −HK$14.0m | −HK$14.0m | −HK$14.0m | −HK$14.0m | −HK$1.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$34.2m | HK$37.5m | HK$67.9m | HK$522,000 | HK$27.0m | HK$27.6m | HK$27.2m | HK$27.2m |
| Operating income | HK$362,000 | HK$1.0m | HK$2.3m | −HK$1.7m | −HK$1.5m | −HK$1.1m | HK$1.2m | HK$1.2m |
| Net income | HK$304,000 | HK$1.0m | HK$235,000 | HK$117,500 | −HK$1.6m | −HK$1.2m | HK$355,000 | HK$355,000 |
| Diluted earnings per share | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | HK$7.0m | HK$3.0m | HK$1.0m | — | HK$2.0m | HK$1.0m |
| Total assets | HK$113.3m | — | HK$116.1m | HK$116.1m | HK$110.5m | — | HK$112.0m | HK$112.0m |
| Cash and short-term investments | HK$13.7m | HK$16.7m | HK$16.7m | HK$16.7m | HK$11.8m | HK$13.2m | HK$13.2m | HK$13.2m |
| Debt | HK$5.6m | — | HK$11.7m | HK$4.3m | HK$4.4m | — | HK$9.6m | HK$6.4m |
| Shareholders' equity | HK$85.4m | HK$79.7m | HK$82.2m | HK$82.2m | HK$89.7m | HK$88.2m | HK$90.8m | HK$90.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.7% | 9.9% | 0.9% |
| Operating income | -48.1% | -21.2% | — |
| Net income | -39.2% | -17.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -0.1% | -4.2% | -8.5% | -3.4% |
| Net margin | -0.8% | -3.4% | -7.3% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -35.1 | 264.9 | -12.3 | -3.8 | -2.5 | -6.8 | -7.4 | 25.2 | -19.5 |
| Price to sales | 0.6 | 0.7 | 0.4 | 0.4 | 0.7 | 0.5 | 0.4 | 0.7 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Nov 2020.
| FY2020 | |
|---|---|
| Paid in the year | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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