H 
0.17
-6.59%
Close of 3 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$21.7m
FY2016FY2025
Net income
−HK$3.3m
FY2016FY2025
Free cash flow
−HK$5.3m
FY2016FY2025
Shareholders' equity
−HK$18.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$21.7m | HK$67.1m | HK$69.1m | HK$76.3m | HK$73.4m | HK$45.0m | HK$58.7m | HK$64.5m | HK$74.4m | HK$72.6m |
| Gross profit | −HK$2.9m | −HK$724,000 | −HK$3.3m | HK$13.4m | HK$14.8m | HK$10.4m | HK$11.3m | HK$13.3m | HK$25.5m | HK$27.0m |
| Operating income | −HK$15.3m | −HK$33.9m | −HK$41.6m | −HK$20.8m | −HK$26.6m | −HK$10.9m | −HK$15.3m | −HK$11.5m | HK$9.3m | HK$12.4m |
| Net income | −HK$3.3m | −HK$37.0m | −HK$46.8m | −HK$22.9m | −HK$27.2m | −HK$15.6m | −HK$19.2m | −HK$10.9m | −HK$13.2m | −HK$477,000 |
| Diluted earnings per share | -0.01 | -0.09 | -0.11 | -0.06 | -0.07 | -0.06 | -0.11 | -0.06 | -0.05 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$16.3m | HK$41.1m | HK$79.3m | HK$136.5m | HK$121.0m | HK$61.1m | HK$79.5m | HK$92.6m | HK$129.4m | HK$118.3m |
| Cash and short-term investments | HK$1.9m | HK$3.8m | HK$4.1m | HK$2.2m | HK$27.3m | HK$11.9m | HK$34.5m | HK$30.9m | HK$57.9m | HK$799,000 |
| Total liabilities | HK$34.4m | HK$56.3m | HK$59.9m | HK$68.6m | HK$29.2m | HK$15.5m | HK$37.0m | HK$29.5m | HK$51.3m | HK$56.9m |
| Debt | HK$20.1m | HK$23.3m | HK$35.4m | HK$33.3m | HK$9.9m | HK$4.8m | HK$26.0m | HK$15.2m | HK$22.6m | HK$36.9m |
| Shareholders' equity | −HK$18.0m | −HK$15.2m | HK$19.4m | HK$67.9m | HK$91.8m | HK$45.6m | HK$42.5m | HK$63.1m | HK$78.1m | HK$61.4m |
| Shares outstanding | 491m | 409m | 409m | 409m | 409m | 240m | 171m | 174m | 240m | 490m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$5.3m | −HK$1.1m | HK$6.7m | −HK$37.0m | −HK$17.0m | −HK$18.2m | HK$344,000 | −HK$14.6m | −HK$15.4m | HK$3.7m |
| Capital spending | −HK$41,000 | −HK$207,000 | −HK$241,000 | −HK$8.1m | −HK$17.9m | −HK$243,000 | −HK$371,000 | −HK$7.9m | −HK$1.3m | −HK$2.0m |
| Free cash flow | −HK$5.3m | −HK$1.3m | HK$6.4m | −HK$45.1m | −HK$34.8m | −HK$18.4m | −HK$27,000 | −HK$22.5m | −HK$16.6m | HK$1.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$5.0m | HK$5.0m | HK$5.1m | HK$8.3m | HK$8.3m | HK$47.9m | HK$23.9m | HK$10.4m |
| Gross profit | HK$302,500 | HK$302,500 | −HK$8.1m | HK$2.6m | HK$2.6m | HK$1.3m | HK$653,000 | −HK$1.0m |
| Operating income | −HK$1.1m | −HK$1.1m | −HK$12.8m | HK$1.2m | HK$1.2m | −HK$12.1m | −HK$3.3m | −HK$5.2m |
| Net income | −HK$613,000 | −HK$613,000 | −HK$15.4m | HK$6.0m | HK$6.0m | −HK$23.5m | −HK$11.8m | −HK$6.7m |
| Diluted earnings per share | -0.00 | -0.00 | -0.03 | 0.01 | 0.01 | -0.06 | -0.03 | -0.02 |
| Cash from operations | — | — | −HK$9.0m | HK$4.0m | HK$2.0m | −HK$6.0m | −HK$1.0m | HK$1.0m |
| Total assets | HK$15.5m | HK$15.5m | HK$16.3m | HK$30.9m | HK$30.9m | HK$41.1m | HK$41.1m | HK$57.6m |
| Cash and short-term investments | HK$576,000 | HK$576,000 | HK$1.9m | HK$3.1m | HK$3.1m | HK$3.8m | HK$4.5m | HK$9.5m |
| Debt | HK$466,000 | HK$466,000 | HK$20.1m | HK$20.8m | HK$39,000 | HK$23.3m | HK$1.7m | HK$27.3m |
| Shareholders' equity | −HK$20.7m | −HK$20.7m | −HK$18.0m | −HK$5.5m | −HK$5.5m | −HK$15.2m | −HK$15.2m | HK$4.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -34.2% | -13.6% | -12.5% |
| Operating income | -9.7% | 7.2% | — |
| Net income | -47.3% | -26.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -4.1% | 2.8% | 9.0% | 19.1% |
| Operating margin | -55.5% | -47.7% | -42.3% | -20.4% |
| Net margin | -45.5% | -47.0% | -43.4% | -27.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.1 | -1.9 | -1.5 | -7.3 | -7.4 | -3.1 | -3.7 | -10.6 | -27.5 |
| Price to sales | 3.1 | 1.1 | 1.0 | 2.2 | 2.7 | 1.1 | 1.2 | 1.8 | 4.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 25 Aug 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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