L 
0.31
+1.67%
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$253.5m
FY2016FY2025
Net income
−HK$8.8m
FY2016FY2025
Free cash flow
−HK$13.6m
FY2016FY2025
Shareholders' equity
HK$142.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$253.5m | HK$573.4m | HK$948.7m | HK$966.3m | HK$765.9m | HK$665.8m | HK$579.9m | HK$529.8m | HK$448.0m | HK$404.1m |
| Gross profit | HK$11.2m | HK$35.9m | HK$58.0m | HK$47.8m | HK$44.6m | HK$41.3m | HK$23.2m | HK$25.2m | HK$29.2m | HK$40.2m |
| Operating income | −HK$8.0m | HK$93,000 | HK$20.7m | HK$17.7m | HK$13.2m | HK$16.0m | −HK$9.3m | −HK$7.0m | HK$5.0m | HK$22.5m |
| Net income | −HK$8.8m | HK$3.4m | HK$14.1m | HK$20.3m | HK$5.4m | HK$18.4m | −HK$16.1m | −HK$11.7m | −HK$8.2m | HK$8.8m |
| Diluted earnings per share | -0.08 | 0.04 | 0.35 | 0.61 | 0.01 | 0.05 | -0.04 | -0.03 | -0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$196.7m | HK$207.2m | HK$330.3m | HK$322.0m | HK$250.8m | HK$254.4m | HK$276.6m | HK$280.2m | HK$293.5m | HK$151.8m |
| Cash and short-term investments | HK$53.5m | HK$59.0m | HK$72.3m | HK$21.1m | HK$40.5m | HK$35.6m | HK$21.0m | HK$11.5m | HK$21.5m | HK$4.6m |
| Total liabilities | HK$54.1m | HK$60.8m | HK$229.0m | HK$242.7m | HK$191.8m | HK$200.8m | HK$241.4m | HK$229.7m | HK$231.3m | HK$116.8m |
| Debt | HK$11.7m | HK$27.9m | HK$88.4m | HK$112.9m | HK$119.5m | HK$113.2m | HK$175.4m | HK$176.7m | HK$175.6m | HK$78.9m |
| Shareholders' equity | HK$142.6m | HK$146.4m | HK$101.3m | HK$79.3m | HK$59.0m | HK$53.6m | HK$35.2m | HK$50.5m | HK$62.2m | HK$35.1m |
| Shares outstanding | 115m | 85m | 40m | 34m | 400m | 400m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$13.3m | −HK$31.0m | HK$84.5m | HK$47.4m | HK$8.4m | HK$109.5m | HK$20.0m | HK$36.4m | HK$22.5m | HK$1.6m |
| Capital spending | −HK$324,000 | −HK$979,000 | −HK$3.8m | −HK$23.2m | −HK$13.9m | −HK$4.7m | −HK$2.9m | −HK$136,000 | −HK$5.3m | −HK$5.8m |
| Free cash flow | −HK$13.6m | −HK$32.0m | HK$80.7m | HK$24.1m | −HK$5.5m | HK$104.8m | HK$17.1m | HK$36.3m | HK$17.2m | −HK$4.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$124.4m | HK$62.2m | HK$112.9m | HK$56.5m | HK$70.3m | HK$70.3m | HK$56.1m | HK$56.1m |
| Gross profit | HK$3.4m | HK$1.7m | HK$6.7m | HK$3.3m | HK$2.3m | HK$2.3m | HK$6.2m | HK$6.2m |
| Operating income | −HK$7.7m | −HK$3.8m | −HK$6.5m | −HK$3.9m | −HK$5.8m | −HK$5.8m | −HK$2.1m | −HK$2.1m |
| Net income | −HK$6.2m | −HK$3.1m | −HK$6.0m | −HK$3.0m | −HK$1.4m | −HK$1.4m | −HK$1.7m | −HK$1.7m |
| Diluted earnings per share | -0.05 | -0.03 | -0.05 | -0.03 | -0.01 | -0.01 | -0.02 | -0.02 |
| Cash from operations | −HK$7.0m | −HK$3.0m | −HK$4.0m | −HK$1.0m | −HK$8.0m | −HK$4.0m | −HK$41.0m | −HK$20.0m |
| Total assets | HK$199.7m | HK$199.7m | HK$196.7m | HK$196.7m | HK$200.0m | HK$200.0m | HK$207.2m | HK$207.2m |
| Cash and short-term investments | HK$48.4m | HK$24.7m | HK$53.5m | HK$35.8m | HK$44.7m | HK$44.7m | HK$59.0m | HK$59.0m |
| Debt | HK$12.6m | HK$12.6m | HK$11.7m | HK$7.0m | HK$15.2m | HK$7.2m | HK$27.9m | HK$16.3m |
| Shareholders' equity | HK$136.4m | HK$136.4m | HK$142.6m | HK$142.6m | HK$148.6m | HK$148.6m | HK$146.4m | HK$146.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -36.0% | -17.6% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.7% | 5.6% | 5.7% | 6.0% |
| Operating margin | -1.0% | 1.1% | 1.4% | 1.4% |
| Net margin | -0.7% | 1.1% | 1.3% | 0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.1 | 21.8 | 1.8 | 1.6 | — | 107.6 | -124.3 | -220.4 | -364.7 |
| Price to sales | 0.3 | 0.1 | 0.0 | 0.0 | 4.7 | 3.0 | 3.5 | 4.9 | 6.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 20-to-1 reverse split · 1 Aug 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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