H 
1.43
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$19.3m
FY2017FY2026
Net income
−HK$30.3m
FY2017FY2026
Free cash flow
−HK$11.3m
FY2017FY2026
Shareholders' equity
HK$13.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$19.3m | HK$24.5m | HK$21.9m | HK$15.6m | HK$6.5m | HK$26.6m | HK$87.1m | HK$135.5m | HK$130.9m | HK$109.5m |
| Operating income | −HK$37.3m | HK$2.7m | −HK$6.5m | −HK$32.8m | −HK$29.9m | −HK$27.8m | −HK$19.1m | HK$6.0m | HK$5.4m | HK$16.2m |
| Net income | −HK$30.3m | −HK$19.3m | −HK$10.7m | −HK$33.2m | −HK$30.4m | −HK$28.9m | −HK$21.9m | HK$3.0m | HK$3.0m | HK$814,000 |
| Diluted earnings per share | -0.40 | -0.43 | -0.26 | -0.16 | -0.18 | -0.22 | -0.16 | 0.02 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$46.3m | HK$81.1m | HK$107.2m | HK$84.1m | HK$73.3m | HK$117.6m | HK$155.1m | HK$188.0m | HK$146.3m | HK$70.3m |
| Cash and short-term investments | HK$15.4m | HK$1.8m | HK$170,000 | HK$248,000 | HK$107,000 | HK$438,000 | HK$21.1m | HK$23.4m | HK$28.1m | HK$1.1m |
| Total liabilities | HK$32.4m | HK$75.1m | HK$95.8m | HK$83.3m | HK$56.3m | HK$70.1m | HK$78.7m | HK$89.7m | HK$51.0m | HK$34.7m |
| Debt | HK$3.5m | HK$5.7m | HK$8.6m | HK$7.6m | HK$10.6m | HK$10.4m | HK$43.1m | HK$53.8m | HK$34.9m | HK$17.4m |
| Shareholders' equity | HK$13.9m | HK$5.6m | HK$11.1m | HK$788,000 | HK$17.1m | HK$47.5m | HK$76.4m | HK$98.3m | HK$95.4m | HK$35.6m |
| Shares outstanding | 76m | 45m | 41m | 213m | 168m | 134m | 134m | 134m | 134m | 134m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$11.3m | HK$10.1m | −HK$16.2m | −HK$18.0m | HK$17.4m | −HK$6.2m | −HK$6.2m | −HK$6.1m | −HK$41.3m | −HK$19.2m |
| Capital spending | — | — | — | −HK$18.4m | −HK$16.7m | — | — | −HK$559,000 | −HK$157,000 | −HK$153,000 |
| Free cash flow | −HK$11.3m | HK$10.1m | −HK$16.2m | −HK$36.4m | HK$708,000 | −HK$6.2m | −HK$6.2m | −HK$6.6m | −HK$41.4m | −HK$19.4m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$23.9m | HK$12.0m | HK$8.6m | HK$8.6m | HK$3.9m | HK$3.6m | HK$4.4m | HK$4.4m |
| Operating income | HK$1.4m | HK$724,500 | −HK$4.7m | −HK$4.7m | −HK$344,000 | −HK$2.6m | HK$3.8m | HK$1.0m |
| Net income | HK$1.9m | HK$950,500 | −HK$7.1m | −HK$7.1m | −HK$375,000 | −HK$2.6m | HK$14,500 | HK$14,500 |
| Diluted earnings per share | 0.04 | 0.02 | -0.16 | -0.17 | -0.01 | -0.06 | 0.00 | 0.00 |
| Cash from operations | −HK$4.0m | −HK$2.0m | HK$17.0m | HK$17.0m | −HK$12.0m | −HK$12.0m | −HK$2.0m | −HK$2.0m |
| Total assets | HK$83.8m | — | HK$81.1m | HK$81.1m | HK$112.0m | — | HK$107.2m | HK$107.2m |
| Cash and short-term investments | HK$1.7m | HK$1.8m | HK$1.8m | HK$1.8m | HK$221,000 | HK$170,000 | HK$170,000 | HK$170,000 |
| Debt | HK$8.0m | — | HK$5.7m | HK$5.7m | HK$7.7m | — | HK$30.4m | HK$7.9m |
| Shareholders' equity | HK$11.3m | HK$6.0m | HK$5.6m | HK$5.6m | HK$10.1m | HK$11.4m | HK$11.1m | HK$11.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | -6.2% | -14.4% |
| Operating income | 4.4% | 6.0% | — |
| Net income | -3.0% | 0.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -79.2% | -90.9% | -115.1% | -16.2% |
| Net margin | -113.4% | -115.2% | -133.8% | -23.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.5 | -0.5 | -1.0 | -4.3 | -2.3 | -1.6 | -2.9 | 76.6 | 36.5 | 204.0 |
| Price to sales | 5.5 | 0.4 | 0.5 | 9.1 | 10.8 | 1.7 | 0.7 | 1.7 | 0.8 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 29 Apr 2025
- 10-to-1 reverse split · 1 Feb 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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