C 
0.24
+0.83%
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$153.1m
FY2015FY2024
Net income
−HK$144.2m
FY2015FY2024
Free cash flow
−HK$83.9m
FY2015FY2024
Shareholders' equity
HK$1.2m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$153.1m | HK$78.1m | HK$31.8m | HK$55.0m | HK$40.9m | HK$64.3m | HK$74.0m | HK$80.6m | HK$83.5m | HK$98.4m |
| Gross profit | HK$27.3m | HK$14.2m | HK$3.2m | HK$7.0m | HK$8.0m | HK$9.3m | HK$20.2m | HK$25.5m | HK$21.8m | HK$24.2m |
| Research and development | — | HK$1.0m | HK$1.8m | HK$1.7m | HK$1.5m | — | — | — | — | — |
| Operating income | −HK$130.3m | −HK$133.0m | −HK$130.2m | −HK$59.8m | −HK$36.2m | −HK$17.3m | −HK$2.3m | HK$5.3m | HK$1.8m | HK$1.7m |
| Net income | −HK$144.2m | −HK$124.2m | −HK$160.3m | −HK$61.4m | −HK$30.5m | −HK$16.3m | −HK$7.7m | −HK$8.8m | HK$1.9m | HK$1.8m |
| Diluted earnings per share | -0.16 | -0.15 | -0.23 | -0.10 | -0.07 | -0.04 | -0.02 | -0.03 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$376.7m | HK$220.1m | HK$170.1m | HK$170.0m | HK$139.5m | HK$126.7m | HK$116.6m | HK$72.1m | HK$99.6m | HK$135.2m |
| Cash and short-term investments | HK$52.3m | HK$23.4m | HK$10.5m | HK$16.6m | HK$33.2m | HK$48.8m | HK$62.1m | HK$10.4m | HK$32.4m | HK$51.3m |
| Total liabilities | HK$375.4m | HK$114.7m | HK$117.7m | HK$107.7m | HK$76.0m | HK$51.6m | HK$24.9m | HK$29.9m | HK$39.0m | HK$60.0m |
| Debt | HK$194.4m | HK$65.8m | HK$62.9m | HK$83.2m | HK$36.1m | HK$35.9m | HK$5.2m | HK$7.3m | HK$13.9m | HK$20.6m |
| Shareholders' equity | HK$1.2m | HK$105.4m | HK$52.4m | HK$62.3m | HK$63.5m | HK$75.1m | HK$91.7m | HK$42.2m | HK$60.7m | HK$75.1m |
| Shares outstanding | 915m | 826m | 678m | 587m | 462m | 440m | 428m | 330m | 440m | 440m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$38.3m | −HK$95.2m | −HK$32.6m | −HK$64.7m | −HK$5.1m | HK$4.8m | −HK$413,000 | −HK$4.9m | HK$10.9m | HK$16.3m |
| Capital spending | −HK$45.6m | −HK$37.1m | −HK$32.4m | −HK$10.0m | −HK$9.4m | −HK$365,000 | −HK$759,000 | −HK$127,000 | −HK$238,000 | −HK$109,000 |
| Free cash flow | −HK$83.9m | −HK$132.2m | −HK$65.0m | −HK$74.7m | −HK$14.5m | HK$4.4m | −HK$1.2m | −HK$5.0m | HK$10.7m | HK$16.2m |
| Dividends paid | — | — | — | — | — | — | −HK$150,000 | — | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$47.8m | HK$101.0m | HK$52.1m | HK$26.2m | HK$26.4m | HK$25.5m | HK$12.5m | HK$19.2m |
| Gross profit | HK$10.1m | HK$19.9m | HK$7.3m | HK$6.1m | HK$3.9m | HK$4.2m | −HK$1.7m | −HK$1.3m |
| Operating income | −HK$33.5m | −HK$93.8m | −HK$36.4m | −HK$69.4m | −HK$21.8m | −HK$41.7m | −HK$29.9m | −HK$99.7m |
| Net income | −HK$34.0m | −HK$104.3m | −HK$39.9m | −HK$48.4m | −HK$25.6m | −HK$50.1m | −HK$30.0m | −HK$96.2m |
| Diluted earnings per share | -0.04 | -0.11 | -0.04 | -0.05 | -0.03 | -0.05 | -0.04 | -0.13 |
| Total assets | HK$323.6m | HK$376.7m | HK$221.0m | HK$220.1m | — | HK$207.9m | — | HK$170.1m |
| Cash and short-term investments | HK$29.9m | HK$52.3m | HK$3.1m | HK$23.4m | — | HK$4.2m | HK$14.9m | HK$10.5m |
| Debt | HK$141.2m | HK$175.6m | HK$62.7m | HK$63.1m | — | HK$32.0m | — | HK$55.1m |
| Shareholders' equity | −HK$32.7m | HK$1.2m | HK$81.5m | HK$105.4m | — | HK$85.9m | HK$50.9m | HK$52.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 40.7% | 19.0% | — |
| Operating income | 29.6% | 49.8% | — |
| Net income | 33.0% | 54.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.9% | 16.3% | 16.3% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -4.5 | -6.1 | -7.7 | -8.9 | -9.3 | -6.3 |
| Price to sales | 3.1 | 7.2 | 30.7 | 8.6 | 6.7 | 2.4 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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