Z 
1.80
0.00%
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$139.8m
FY2017FY2026
Net income
−HK$8.9m
FY2017FY2026
Free cash flow
HK$8.5m
FY2017FY2026
Shareholders' equity
HK$28.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$139.8m | HK$99.2m | HK$61.7m | HK$78.2m | HK$95.9m | HK$120.6m | HK$91.1m | HK$85.4m | HK$79.1m | HK$77.3m |
| Research and development | — | HK$2.8m | HK$223,000 | HK$61,000 | HK$62,000 | HK$151,000 | — | — | — | — |
| Operating income | −HK$10.3m | HK$11.8m | −HK$16.0m | −HK$2.1m | HK$6.0m | HK$17.3m | HK$11.5m | HK$2.1m | −HK$8.6m | −HK$6.0m |
| Net income | −HK$8.9m | HK$1.6m | −HK$17.3m | −HK$10.0m | HK$5.2m | HK$14.6m | HK$5.2m | HK$1.1m | −HK$10.1m | −HK$7.1m |
| Diluted earnings per share | -0.01 | 0.00 | -0.01 | -0.01 | 0.00 | 0.01 | 0.00 | 0.00 | -0.01 | -0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$118.4m | HK$118.7m | HK$106.8m | HK$99.8m | HK$115.0m | HK$138.3m | HK$129.1m | HK$101.7m | HK$64.7m | HK$29.8m |
| Cash and short-term investments | HK$420,000 | HK$961,000 | HK$12.2m | HK$9.5m | HK$22.2m | HK$29.1m | HK$16.8m | HK$22.8m | HK$36.0m | HK$2.5m |
| Total liabilities | HK$89.6m | HK$82.0m | HK$71.5m | HK$47.0m | HK$52.3m | HK$67.9m | HK$73.6m | HK$51.3m | HK$15.4m | HK$18.5m |
| Debt | HK$18.9m | HK$22.8m | HK$32.8m | HK$19.3m | HK$20.9m | HK$14.4m | HK$25.9m | HK$1.6m | HK$5.3m | HK$7.6m |
| Shareholders' equity | HK$28.8m | HK$36.7m | HK$35.3m | HK$52.7m | HK$62.7m | HK$70.4m | HK$55.5m | HK$50.4m | HK$49.3m | HK$11.4m |
| Shares outstanding | 1,573m | 1,584m | 1,584m | 1,584m | 1,584m | 1,584m | 1,584m | 1,584m | 1,584m | 1,584m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$9.1m | HK$3.1m | HK$78,000 | −HK$1.5m | HK$26.8m | HK$35.2m | HK$2.5m | −HK$5.0m | −HK$10.3m | HK$2.0m |
| Capital spending | −HK$604,000 | −HK$54,000 | −HK$153,000 | −HK$522,000 | −HK$557,000 | −HK$442,000 | −HK$831,000 | −HK$1.4m | −HK$888,000 | −HK$1.8m |
| Free cash flow | HK$8.5m | HK$3.1m | −HK$75,000 | −HK$2.0m | HK$26.2m | HK$34.8m | HK$1.7m | −HK$6.4m | −HK$11.2m | HK$172,000 |
| Dividends paid | — | — | — | — | −HK$12.7m | −HK$12.7m | −HK$12.7m | −HK$12.7m | — | −HK$5.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$72.6m | HK$36.3m | HK$33.6m | HK$33.6m | HK$69.0m | HK$15.1m | HK$15.1m | HK$15.1m |
| Operating income | −HK$10.1m | −HK$6.5m | −HK$62,000 | −HK$62,000 | HK$13.6m | −HK$3.7m | −HK$3.7m | HK$549,000 |
| Net income | −HK$9.0m | −HK$4.5m | HK$16,500 | HK$16,500 | HK$12.6m | −HK$727,500 | −HK$727,500 | −HK$2.3m |
| Diluted earnings per share | -0.01 | -0.00 | 0.00 | 0.00 | 0.01 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | HK$9.0m | HK$4.0m | HK$3.0m | −HK$1.0m | −HK$1.0m | HK$8.0m |
| Total assets | HK$118.4m | HK$118.4m | HK$125.1m | HK$125.1m | HK$118.7m | HK$108.8m | HK$108.8m | HK$106.8m |
| Cash and short-term investments | HK$420,000 | HK$5.5m | HK$3.6m | HK$8.1m | HK$961,000 | HK$33.3m | HK$33.3m | HK$12.2m |
| Debt | HK$17.0m | HK$17.0m | HK$18.1m | HK$17.1m | HK$22.8m | HK$28.8m | HK$26.9m | HK$24.7m |
| Shareholders' equity | HK$28.8m | HK$28.8m | HK$37.1m | HK$37.1m | HK$36.7m | HK$33.8m | HK$33.8m | HK$35.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 21.4% | 3.0% | 5.5% |
| Operating income | 68.5% | — | — |
| Net income | -3.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.6% | -4.4% | 1.1% | 1.6% |
| Net margin | -3.1% | -9.1% | -2.5% | -1.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -317.0 | 208.8 | -31.6 | -128.1 | 251.4 | 94.7 | 151.8 | 100.1 | -17.1 |
| Price to sales | 20.3 | 3.4 | 8.9 | 16.4 | 13.7 | 11.4 | 8.7 | 1.3 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Aug 2021.
| FY2022 | |
|---|---|
| Paid in the year | 0.008 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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