B 
0.28
-3.51%
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$49.7m
FY2016FY2025
Net income
−HK$6.4m
FY2016FY2025
Free cash flow
−HK$2.8m
FY2016FY2025
Shareholders' equity
HK$60.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$49.7m | HK$99.0m | HK$97.2m | HK$86.5m | HK$88.8m | HK$109.1m | HK$102.8m | HK$127.6m | HK$138.3m | HK$131.8m |
| Operating income | −HK$12.6m | −HK$2.3m | −HK$19.5m | −HK$8.0m | HK$2.0m | −HK$55,000 | −HK$7.8m | −HK$2.5m | −HK$4.8m | HK$10.6m |
| Net income | −HK$6.4m | −HK$4.3m | −HK$19.8m | −HK$6.5m | HK$586,000 | HK$487,000 | −HK$7.9m | −HK$4.1m | −HK$6.0m | HK$7.5m |
| Diluted earnings per share | -0.03 | -0.02 | -0.17 | -0.06 | 0.01 | 0.00 | -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$100.7m | HK$94.5m | HK$104.3m | HK$105.5m | HK$103.2m | HK$113.4m | HK$127.9m | HK$107.1m | HK$123.3m | HK$65.9m |
| Cash and short-term investments | HK$21.7m | HK$2.7m | HK$4.8m | HK$4.1m | HK$4.4m | HK$5.4m | HK$7.1m | HK$16.0m | HK$58.3m | HK$5.5m |
| Total liabilities | HK$41.8m | HK$44.9m | HK$62.3m | HK$43.9m | HK$36.9m | HK$51.9m | HK$66.9m | HK$38.3m | HK$52.0m | HK$33.6m |
| Debt | HK$3.2m | HK$15.5m | HK$25.6m | HK$17.2m | HK$11.3m | HK$14.6m | HK$24.2m | HK$21.1m | HK$14.2m | HK$15.7m |
| Shareholders' equity | HK$60.4m | HK$49.1m | HK$41.5m | HK$61.3m | HK$66.2m | HK$61.5m | HK$61.0m | HK$68.9m | HK$71.3m | HK$32.3m |
| Shares outstanding | 221m | 229m | 115m | 115m | 100m | 100m | 1,000m | 1,000m | 939m | 1,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$2.8m | HK$2.9m | HK$9.0m | HK$6.8m | HK$7.0m | HK$9.6m | HK$3,000 | −HK$19.7m | HK$18.8m | −HK$5.7m |
| Capital spending | — | −HK$612,000 | −HK$13.4m | −HK$3.5m | −HK$55,000 | −HK$3.0m | −HK$3.0m | −HK$12.9m | −HK$10.1m | −HK$830,000 |
| Free cash flow | −HK$2.8m | HK$2.3m | −HK$4.4m | HK$3.3m | HK$7.0m | HK$6.6m | −HK$3.0m | −HK$32.6m | HK$8.7m | −HK$6.5m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$597,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$37.3m | HK$18.6m | HK$30.4m | HK$15.2m | HK$9.6m | HK$9.6m | HK$20.2m | HK$20.2m |
| Operating income | −HK$1.3m | −HK$661,000 | −HK$13.6m | −HK$4.5m | HK$601,000 | HK$601,000 | −HK$35,500 | −HK$35,500 |
| Net income | −HK$1.4m | −HK$720,500 | −HK$9.1m | −HK$3.6m | HK$399,500 | HK$399,500 | −HK$743,000 | −HK$743,000 |
| Diluted earnings per share | -0.01 | -0.00 | -0.04 | -0.02 | 0.00 | 0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$10.0m | −HK$10.0m | −HK$6.0m | −HK$3.0m | HK$1.0m | HK$1.0m | −HK$1.0m | −HK$1.0m |
| Total assets | HK$99.9m | HK$99.9m | HK$100.7m | HK$100.7m | HK$85.3m | HK$85.3m | HK$94.5m | HK$94.5m |
| Cash and short-term investments | HK$1.4m | HK$1.4m | HK$21.7m | HK$21.7m | HK$1.2m | HK$1.2m | HK$2.7m | HK$2.7m |
| Debt | HK$1.9m | HK$1.9m | HK$3.2m | HK$1.9m | HK$4.5m | HK$3.1m | HK$15.5m | HK$12.9m |
| Shareholders' equity | HK$58.9m | HK$58.9m | HK$60.4m | HK$60.4m | HK$49.9m | HK$49.9m | HK$49.1m | HK$49.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.9% | -14.5% | -4.1% |
| Operating income | 16.3% | 196.3% | — |
| Net income | -0.5% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10.0% | -12.7% | -7.6% | -2.7% |
| Net margin | -7.2% | -11.1% | -6.8% | -3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -78.0 | -2.8 | -0.6 | -1.6 | 25.8 | 61.1 | -79.2 | -1863.7 | -153.2 |
| Price to sales | 10.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 6.0 | 59.2 | 6.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 11 Jul 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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