S 
0.04
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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$92.5m
FY2016FY2025
Net income
−HK$10.2m
FY2016FY2025
Free cash flow
−HK$3.2m
FY2016FY2025
Shareholders' equity
HK$45.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$92.5m | HK$91.5m | HK$53.7m | HK$59.6m | HK$51.4m | HK$56.3m | HK$81.6m | HK$91.5m | HK$93.9m | HK$91.0m |
| Operating income | −HK$46.5m | −HK$9.9m | −HK$6.2m | −HK$4.2m | −HK$15.5m | −HK$4.6m | −HK$2.3m | HK$2.0m | −HK$192,000 | HK$11.1m |
| Net income | −HK$10.2m | −HK$10.0m | −HK$8.6m | −HK$4.4m | −HK$13.5m | −HK$620,000 | −HK$1.5m | HK$2.8m | −HK$2.3m | HK$9.1m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | -0.01 | -0.03 | -0.00 | -0.00 | 0.01 | -0.00 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$69.1m | HK$67.4m | HK$80.7m | HK$76.7m | HK$82.7m | HK$98.3m | HK$103.1m | HK$103.3m | HK$103.5m | HK$58.1m |
| Cash and short-term investments | HK$15.6m | HK$12.1m | HK$20.5m | HK$17.0m | HK$56.2m | HK$69.1m | HK$71.2m | HK$68.4m | HK$65.9m | HK$36.7m |
| Total liabilities | HK$25.8m | HK$24.1m | HK$27.3m | HK$17.1m | HK$19.6m | HK$18.2m | HK$20.2m | HK$17.1m | HK$19.6m | HK$15.9m |
| Debt | HK$558,000 | HK$2.8m | HK$755,000 | HK$3.3m | HK$7.0m | HK$6.4m | HK$8.8m | — | — | — |
| Shareholders' equity | HK$45.7m | HK$46.2m | HK$56.0m | HK$64.8m | HK$69.7m | HK$83.1m | HK$83.6m | HK$86.3m | HK$83.9m | HK$42.1m |
| Shares outstanding | 481m | 480m | 480m | 480m | 480m | 480m | 480m | 480m | 480m | 480m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$3.2m | −HK$4.3m | HK$7.0m | HK$1.4m | −HK$6.3m | HK$6.6m | HK$9.8m | HK$3.3m | −HK$12.9m | HK$15.4m |
| Capital spending | −HK$71,000 | −HK$1.8m | −HK$348,000 | −HK$38.1m | −HK$2.3m | −HK$2.7m | −HK$615,000 | −HK$1.5m | −HK$1.9m | −HK$251,000 |
| Free cash flow | −HK$3.2m | −HK$6.1m | HK$6.6m | −HK$36.7m | −HK$8.7m | HK$3.8m | HK$9.2m | HK$1.8m | −HK$14.9m | HK$15.1m |
| Dividends paid | — | — | — | — | — | — | −HK$720,000 | −HK$720,000 | −HK$15.0m | −HK$9.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$68.9m | HK$34.4m | HK$23.3m | HK$11.6m | HK$34.6m | HK$34.6m | HK$12.5m | HK$12.5m |
| Operating income | −HK$35.1m | −HK$13.6m | −HK$10.4m | −HK$925,000 | −HK$15.1m | −HK$15.1m | HK$2.0m | HK$2.0m |
| Net income | HK$1.2m | HK$605,000 | −HK$9.4m | −HK$4.7m | −HK$430,000 | −HK$430,000 | −HK$1.7m | −HK$1.7m |
| Diluted earnings per share | 0.00 | 0.00 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$4.0m | −HK$2.0m | −HK$3.0m | −HK$1.0m | — | — | HK$1.0m | — |
| Capital spending | — | — | — | — | — | — | −HK$1.0m | — |
| Free cash flow | — | — | — | — | — | — | HK$0 | — |
| Total assets | HK$75.5m | HK$75.5m | HK$69.1m | HK$69.1m | HK$76.1m | HK$76.1m | HK$67.4m | HK$67.4m |
| Cash and short-term investments | HK$19.2m | HK$19.2m | HK$15.6m | HK$15.6m | HK$21.7m | HK$21.7m | HK$12.1m | HK$12.1m |
| Debt | HK$78,000 | HK$78,000 | HK$539,000 | HK$539,000 | HK$1.9m | HK$1.9m | HK$2.8m | HK$2.5m |
| Shareholders' equity | HK$47.1m | HK$47.1m | HK$45.7m | HK$45.7m | HK$56.4m | HK$56.4m | HK$46.2m | HK$46.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.8% | 10.5% | 0.8% |
| Operating income | 122.6% | 58.8% | — |
| Net income | 32.1% | 75.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -30.6% | -22.5% | -21.5% | -8.0% |
| Net margin | -11.0% | -11.2% | -11.7% | -3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.6 | -1.6 | -1.9 | -8.4 | -5.8 | -201.3 | -52.9 | 23.2 | -36.0 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.6 | 1.5 | 2.2 | 1.0 | 0.7 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jun 2019.
| FY2019 | |
|---|---|
| Paid in the year | 0.002 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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