E 
0.65
-5.80%
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$37.5m
FY2016FY2025
Net income
−HK$11.4m
FY2016FY2025
Free cash flow
−HK$15.6m
FY2016FY2025
Shareholders' equity
HK$38.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$37.5m | HK$40.1m | HK$46.5m | HK$45.4m | HK$57.5m | HK$82.0m | HK$60.0m | HK$90.6m | HK$84.2m | HK$76.7m |
| Gross profit | HK$14.4m | HK$19.2m | HK$22.6m | HK$22.7m | HK$29.6m | HK$44.3m | HK$24.4m | HK$46.2m | HK$48.9m | HK$42.8m |
| Operating income | −HK$14.3m | −HK$6.0m | −HK$8.6m | −HK$5.8m | −HK$3.4m | HK$9.7m | −HK$12.4m | HK$7.1m | HK$13.6m | HK$13.4m |
| Net income | −HK$11.4m | −HK$7.3m | −HK$7.7m | −HK$2.8m | −HK$1.7m | HK$11.3m | −HK$11.5m | HK$4.7m | HK$10.2m | HK$10.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | 0.01 | -0.01 | 0.00 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$76.2m | HK$71.5m | HK$90.1m | HK$105.8m | HK$91.4m | HK$107.9m | HK$83.9m | HK$104.0m | HK$55.3m | HK$52.4m |
| Cash and short-term investments | HK$30.9m | HK$60.2m | HK$60.6m | HK$68.5m | HK$65.9m | HK$69.7m | HK$47.4m | HK$62.4m | HK$19.1m | HK$23.4m |
| Total liabilities | HK$38.1m | HK$21.4m | HK$32.6m | HK$40.6m | HK$23.5m | HK$35.1m | HK$15.1m | HK$18.8m | HK$16.5m | HK$18.8m |
| Debt | HK$14.3m | HK$2.7m | HK$11.7m | HK$19.6m | HK$5.0m | HK$17.3m | HK$25.6m | HK$16.0m | — | HK$5.0m |
| Shareholders' equity | HK$38.7m | HK$50.2m | HK$57.5m | HK$65.1m | HK$67.9m | HK$72.8m | HK$68.7m | HK$85.3m | HK$38.8m | HK$33.6m |
| Shares outstanding | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$14.0m | HK$6.3m | HK$356,000 | HK$11.2m | HK$9.4m | HK$34.2m | −HK$7.3m | HK$1.7m | HK$883,000 | HK$12.3m |
| Capital spending | −HK$1.6m | — | −HK$174,000 | — | −HK$452,000 | −HK$296,000 | −HK$3.4m | −HK$349,000 | −HK$174,000 | −HK$171,000 |
| Free cash flow | −HK$15.6m | HK$6.3m | HK$182,000 | HK$11.2m | HK$9.0m | HK$33.9m | −HK$10.8m | HK$1.4m | HK$709,000 | HK$12.1m |
| Dividends paid | — | — | — | — | — | — | −HK$5.0m | −HK$5.0m | −HK$5.0m | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$20.5m | HK$10.3m | HK$14.5m | HK$14.5m | HK$4.3m | HK$4.3m | HK$12.6m | HK$12.6m |
| Gross profit | HK$331,000 | HK$1.0m | HK$6.6m | HK$6.6m | HK$646,500 | HK$646,500 | HK$5.8m | HK$5.8m |
| Operating income | −HK$10.2m | −HK$5.1m | −HK$2.9m | −HK$2.9m | −HK$4.3m | −HK$4.3m | −HK$1.9m | −HK$1.9m |
| Net income | −HK$10.5m | −HK$5.2m | −HK$1.9m | −HK$1.9m | −HK$3.8m | −HK$3.8m | −HK$1.9m | −HK$1.9m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | HK$1.0m | HK$1.0m | −HK$5.0m | −HK$3.0m | −HK$8.0m | −HK$4.0m | HK$3.0m | HK$1.0m |
| Capital spending | — | — | −HK$1.0m | — | — | — | — | — |
| Free cash flow | — | — | −HK$6.0m | — | — | — | — | — |
| Total assets | HK$73.9m | HK$73.9m | HK$76.2m | HK$76.2m | HK$75.5m | HK$75.5m | HK$71.5m | HK$71.5m |
| Cash and short-term investments | HK$30.0m | HK$29.3m | HK$30.9m | HK$30.4m | HK$47.3m | HK$47.3m | HK$60.2m | HK$60.2m |
| Debt | HK$5.9m | HK$5.9m | HK$14.3m | HK$5.9m | HK$15.2m | HK$5.1m | HK$2.7m | HK$2.3m |
| Shareholders' equity | HK$28.2m | HK$28.2m | HK$38.7m | HK$38.7m | HK$42.5m | HK$42.5m | HK$50.2m | HK$50.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.2% | -14.5% | -5.4% |
| Operating income | 34.8% | — | — |
| Net income | 60.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.4% | 46.6% | 49.5% | 51.2% |
| Operating margin | -26.2% | -20.5% | -9.2% | 0.9% |
| Net margin | -24.2% | -17.2% | -6.4% | 0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.2 | -15.1 | -8.2 | -15.5 | -37.6 | 6.2 | -4.0 | 17.7 |
| Price to sales | 2.5 | 2.8 | 1.4 | 0.9 | 1.1 | 0.8 | 0.8 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Feb 2019.
| FY2019 | FY2018 | |
|---|---|---|
| Paid in the year | 0.005 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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