N 
0.20
+5.26%
Close of 6 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$207.5m
FY2017FY2026
Net income
−HK$9.9m
FY2017FY2026
Free cash flow
−HK$1.2m
FY2017FY2026
Shareholders' equity
HK$67.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$207.5m | HK$325.6m | HK$320.7m | HK$237.2m | HK$275.6m | HK$326.7m | HK$223.1m | HK$364.2m | HK$408.9m | HK$285.4m |
| Gross profit | HK$787,999 | HK$2.5m | HK$1.6m | HK$1.5m | −HK$23.9m | HK$3.7m | HK$1.5m | HK$29.8m | HK$42.4m | HK$29.8m |
| Operating income | −HK$10.0m | −HK$8.9m | −HK$12.2m | −HK$11.7m | −HK$36.2m | −HK$8.1m | −HK$10.1m | HK$13.9m | HK$32.2m | HK$16.2m |
| Net income | −HK$9.9m | −HK$9.5m | −HK$11.8m | −HK$11.6m | −HK$36.4m | −HK$8.5m | −HK$8.4m | HK$11.9m | HK$13.2m | HK$12.6m |
| Diluted earnings per share | -0.04 | -0.03 | -0.04 | -0.04 | -0.14 | -0.04 | -0.06 | 0.09 | 0.10 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$86.4m | HK$93.8m | HK$113.7m | HK$117.1m | HK$110.3m | HK$129.3m | HK$140.4m | HK$142.1m | HK$149.9m | HK$108.3m |
| Cash and short-term investments | HK$17.0m | HK$13.0m | HK$35.1m | HK$47.3m | HK$44.5m | HK$42.8m | HK$31.6m | HK$53.8m | HK$62.9m | HK$29.4m |
| Total liabilities | HK$18.7m | HK$16.2m | HK$26.5m | HK$26.2m | HK$18.1m | HK$14.4m | HK$21.7m | HK$15.1m | HK$35.1m | HK$66.7m |
| Debt | HK$352,000 | HK$151,000 | HK$353,000 | HK$334,000 | HK$138,000 | HK$271,000 | HK$132,000 | — | — | HK$6.2m |
| Shareholders' equity | HK$67.7m | HK$77.6m | HK$87.1m | HK$90.9m | HK$92.3m | HK$114.9m | HK$118.7m | HK$127.1m | HK$114.8m | HK$41.6m |
| Shares outstanding | 277m | 276m | 276m | 276m | 251m | 209m | 141m | 137m | 137m | 137m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$1.2m | −HK$16.3m | −HK$19.0m | −HK$7.1m | −HK$11.9m | HK$7.0m | −HK$21.4m | −HK$9.2m | HK$2.4m | −HK$7.8m |
| Capital spending | — | — | −HK$1.1m | −HK$344,000 | −HK$344,000 | −HK$436,000 | −HK$1.0m | −HK$252,000 | −HK$2.2m | −HK$1.2m |
| Free cash flow | −HK$1.2m | −HK$16.3m | −HK$20.1m | −HK$7.4m | −HK$12.2m | HK$6.5m | −HK$22.4m | −HK$9.5m | HK$205,000 | −HK$9.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$114.4m | HK$57.2m | HK$93.2m | −HK$57.2m | HK$122.1m | HK$61.0m | HK$101.8m | HK$101.8m |
| Gross profit | −HK$352,000 | −HK$176,000 | HK$1.1m | HK$570,000 | HK$1.6m | HK$821,000 | HK$430,000 | HK$430,000 |
| Operating income | −HK$6.3m | −HK$3.4m | −HK$3.0m | HK$2.5m | −HK$6.2m | −HK$2.7m | −HK$1.8m | −HK$1.8m |
| Net income | −HK$6.9m | −HK$3.4m | −HK$3.0m | HK$3.4m | −HK$5.9m | −HK$3.0m | −HK$1.8m | −HK$1.8m |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | 0.01 | -0.02 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | — | — | — | −HK$1.0m | −HK$1.0m | −HK$6.0m | −HK$6.0m |
| Total assets | HK$86.4m | HK$86.4m | HK$94.5m | HK$94.5m | HK$93.8m | HK$93.8m | HK$107.1m | HK$107.1m |
| Cash and short-term investments | HK$17.0m | HK$11.4m | HK$17.4m | HK$11.8m | HK$13.0m | HK$18.5m | HK$22.2m | HK$22.2m |
| Debt | HK$303,000 | HK$303,000 | HK$351,000 | HK$351,000 | HK$123,000 | HK$123,000 | HK$362,000 | HK$292,000 |
| Shareholders' equity | HK$67.7m | HK$67.7m | HK$74.6m | HK$74.6m | HK$77.6m | HK$77.6m | HK$83.6m | HK$83.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.4% | -8.7% | -2.5% |
| Operating income | -5.0% | 4.2% | — |
| Net income | -5.3% | 3.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.6% | 0.6% | -0.8% | 3.4% |
| Operating margin | -3.5% | -3.9% | -5.1% | -0.6% |
| Net margin | -3.6% | -3.9% | -5.2% | -1.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.3 | -4.4 | -5.2 | -8.3 | -4.2 | -4.8 | -5.0 | 2.9 | 8.9 | 11.1 |
| Price to sales | 0.3 | 0.1 | 0.2 | 0.4 | 0.6 | 0.1 | 0.2 | 0.1 | 0.3 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-to-1 reverse split · 30 Apr 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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