T 
0.27
-1.85%
Close of 5 Nov 2026, in HKD
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$161.7m
FY2016FY2025
Net income
HK$6.6m
FY2016FY2025
Free cash flow
HK$6.9m
FY2016FY2025
Shareholders' equity
HK$251.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$161.7m | HK$186.9m | HK$215.6m | HK$209.3m | HK$207.2m | HK$287.8m | HK$266.4m | HK$258.8m | HK$179.4m | HK$165.1m |
| Gross profit | HK$57.4m | HK$59.6m | HK$75.4m | HK$70.6m | HK$65.3m | HK$91.6m | HK$98.8m | HK$87.5m | HK$65.9m | HK$60.4m |
| Research and development | HK$5.7m | — | — | — | — | — | — | — | — | — |
| Operating income | −HK$947,000 | HK$1.3m | HK$9.7m | −HK$685,000 | HK$4.4m | HK$20.2m | HK$37.9m | HK$38.4m | HK$9.6m | HK$17.3m |
| Net income | HK$6.6m | HK$6.5m | HK$14.7m | HK$1.0m | HK$4.4m | HK$18.4m | HK$33.1m | HK$32.2m | HK$5.5m | HK$13.7m |
| Diluted earnings per share | 0.02 | 0.02 | 0.04 | 0.00 | 0.01 | 0.05 | 0.08 | 0.08 | 0.01 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$279.0m | HK$276.8m | HK$279.8m | HK$263.4m | HK$269.2m | HK$304.9m | HK$254.3m | HK$189.7m | HK$154.3m | HK$148.0m |
| Cash and short-term investments | HK$201.8m | HK$195.9m | HK$195.1m | HK$182.4m | HK$156.9m | HK$122.6m | HK$114.2m | HK$103.6m | HK$97.7m | HK$41.1m |
| Total liabilities | HK$27.4m | HK$36.1m | HK$42.8m | HK$38.7m | HK$39.3m | HK$82.4m | HK$53.3m | HK$19.3m | HK$15.3m | HK$66.7m |
| Debt | HK$5.6m | HK$9.6m | HK$11.5m | HK$12.1m | HK$15.7m | HK$18.7m | HK$17.6m | — | HK$1.3m | HK$7.0m |
| Shareholders' equity | HK$251.5m | HK$240.7m | HK$236.9m | HK$224.7m | HK$229.9m | HK$222.5m | HK$201.0m | HK$170.4m | HK$139.0m | HK$81.3m |
| Shares outstanding | 402m | 401m | 400m | 400m | 401m | 400m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$10.2m | HK$6.9m | HK$18.4m | HK$42.9m | HK$40.1m | HK$15.2m | HK$30.6m | HK$26.1m | −HK$665,000 | HK$20.8m |
| Capital spending | −HK$3.3m | −HK$7.3m | −HK$3.6m | −HK$1.5m | −HK$2.3m | −HK$5.3m | −HK$16.5m | −HK$19.3m | −HK$11.7m | −HK$2.3m |
| Free cash flow | HK$6.9m | −HK$432,000 | HK$14.8m | HK$41.4m | HK$37.8m | HK$9.9m | HK$14.1m | HK$6.8m | −HK$12.3m | HK$18.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$81.6m | HK$40.8m | HK$46.7m | HK$46.7m | HK$34.1m | HK$34.1m | HK$109.8m | HK$54.9m |
| Gross profit | HK$28.4m | HK$14.2m | HK$16.6m | HK$16.6m | HK$12.1m | HK$12.1m | HK$15.9m | HK$15.9m |
| Operating income | HK$3.1m | HK$1.2m | HK$333,500 | −HK$2.7m | HK$687,500 | HK$687,500 | −HK$1.5m | −HK$1.5m |
| Net income | HK$5.0m | HK$2.5m | HK$1.6m | HK$1.6m | HK$1.7m | HK$1.7m | HK$626,500 | HK$626,500 |
| Diluted earnings per share | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | −HK$4.0m | −HK$4.0m | HK$9.0m | HK$9.0m | −HK$7.0m | −HK$7.0m | HK$15.0m | HK$15.0m |
| Capital spending | — | — | −HK$1.0m | −HK$1.0m | — | — | −HK$3.0m | −HK$3.0m |
| Free cash flow | — | — | HK$8.0m | HK$8.0m | — | — | HK$12.0m | HK$12.0m |
| Total assets | HK$303.1m | HK$303.1m | HK$279.0m | HK$279.0m | HK$278.5m | HK$278.5m | HK$276.8m | HK$276.8m |
| Cash and short-term investments | HK$198.9m | HK$198.9m | HK$201.8m | HK$201.8m | HK$184.5m | HK$184.5m | HK$195.9m | HK$195.9m |
| Debt | HK$2.9m | HK$2.9m | HK$5.6m | HK$3.9m | HK$7.4m | HK$4.0m | HK$9.6m | HK$4.1m |
| Shareholders' equity | HK$260.4m | HK$260.4m | HK$251.5m | HK$251.5m | HK$246.2m | HK$246.2m | HK$240.7m | HK$240.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.2% | -10.9% | -0.5% |
| Operating income | 11.4% | — | — |
| Net income | 86.8% | -18.6% | -6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.6% | 34.0% | 33.1% | 34.0% |
| Operating margin | 0.1% | 1.2% | 2.7% | 6.6% |
| Net margin | 3.7% | 3.7% | 4.1% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.7 | 11.3 | 6.6 | 91.3 | 21.5 | 5.5 | 3.8 | 6.7 | 4.1 |
| Price to sales | 0.5 | 0.4 | 0.5 | 0.4 | 0.5 | 0.3 | 0.5 | 0.8 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.