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Close of 5 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$22.2m
FY2016FY2025
Net income
−HK$43.1m
FY2016FY2025
Free cash flow
−HK$8.3m
FY2016FY2025
Shareholders' equity
−HK$115.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$22.2m | HK$50.1m | HK$146.2m | HK$194.8m | HK$281.8m | HK$278.9m | HK$461.6m | HK$432.5m | HK$430.7m | HK$386.0m |
| Operating income | −HK$17.3m | −HK$56.2m | −HK$33.6m | −HK$70.6m | −HK$79.1m | −HK$92.1m | HK$38.9m | HK$39.0m | HK$20.8m | HK$26.7m |
| Net income | −HK$43.1m | −HK$45.6m | −HK$23.0m | −HK$59.7m | −HK$83.1m | −HK$100.8m | HK$18.2m | HK$24.3m | HK$6.5m | HK$13.4m |
| Diluted earnings per share | -0.41 | -0.44 | -0.26 | -0.75 | -1.04 | -0.13 | 0.23 | 0.30 | 0.08 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$87.0m | HK$158.4m | HK$233.8m | HK$300.5m | HK$381.3m | HK$471.4m | HK$541.2m | HK$536.9m | HK$529.9m | HK$465.1m |
| Cash and short-term investments | HK$605,000 | HK$849,000 | HK$3.0m | HK$1.3m | HK$2.0m | HK$1.6m | HK$29.1m | HK$35.4m | HK$49.4m | HK$4.1m |
| Total liabilities | HK$202.4m | HK$167.6m | HK$199.5m | HK$242.7m | HK$251.0m | HK$263.0m | HK$241.5m | HK$251.1m | HK$261.3m | HK$284.3m |
| Debt | HK$133.3m | HK$113.2m | HK$144.9m | HK$180.9m | HK$161.3m | HK$184.9m | HK$181.2m | HK$185.0m | HK$186.8m | HK$157.9m |
| Shareholders' equity | −HK$115.5m | −HK$9.2m | HK$34.3m | HK$57.8m | HK$130.3m | HK$208.3m | HK$299.7m | HK$285.7m | HK$268.6m | HK$180.8m |
| Shares outstanding | 104m | 104m | 87m | 80m | 80m | 800m | 80m | 80m | 80m | 104m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$8.3m | −HK$19.9m | HK$11.9m | HK$10.4m | HK$42.5m | −HK$15.1m | HK$30.3m | HK$18.4m | −HK$45.5m | HK$27.2m |
| Capital spending | — | −HK$579,000 | −HK$181,000 | −HK$4.9m | −HK$2.3m | −HK$19.8m | −HK$3.9m | −HK$14.3m | −HK$2.7m | −HK$497,000 |
| Free cash flow | −HK$8.3m | −HK$20.4m | HK$11.8m | HK$5.4m | HK$40.2m | −HK$34.9m | HK$26.4m | HK$4.1m | −HK$48.3m | HK$26.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$10.3m | HK$5.1m | HK$10.5m | HK$10.5m | HK$616,000 | HK$616,000 | HK$6.6m | HK$3.3m |
| Operating income | −HK$2.3m | −HK$904,500 | HK$7.4m | −HK$9.9m | −HK$7.4m | −HK$7.4m | −HK$43.0m | HK$13.2m |
| Net income | −HK$9.8m | −HK$4.9m | −HK$8.3m | −HK$8.3m | −HK$13.2m | −HK$13.2m | −HK$8.1m | −HK$8.1m |
| Diluted earnings per share | -0.09 | -0.05 | -0.08 | -0.08 | -0.13 | -0.13 | -0.08 | -0.08 |
| Cash from operations | −HK$3.0m | −HK$1.0m | −HK$4.0m | −HK$1.0m | −HK$3.0m | −HK$1.0m | −HK$18.0m | −HK$8.0m |
| Total assets | HK$94.0m | HK$94.0m | HK$87.0m | HK$87.0m | HK$100.5m | HK$100.5m | HK$158.4m | HK$158.4m |
| Cash and short-term investments | HK$141,000 | HK$141,000 | HK$605,000 | HK$605,000 | HK$19,000 | HK$19,000 | HK$849,000 | HK$849,000 |
| Debt | HK$164.4m | HK$164.4m | HK$133.3m | HK$133.3m | HK$123.9m | HK$118.9m | HK$113.2m | HK$108.2m |
| Shareholders' equity | −HK$125.3m | −HK$125.3m | −HK$115.5m | −HK$115.5m | −HK$61.9m | −HK$61.9m | −HK$9.2m | −HK$9.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -51.5% | -39.7% | -24.7% |
| Operating income | -37.5% | -28.5% | — |
| Net income | -10.3% | -15.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -101.6% | -43.0% | -35.8% | -6.5% |
| Net margin | -122.7% | -41.4% | -36.5% | -9.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.2 | -0.6 | -0.3 | -0.3 | -4.9 | 3.6 | 2.5 | 11.7 |
| Price to sales | 0.9 | 0.2 | 0.1 | 0.1 | 0.1 | 1.8 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 29 Aug 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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