M 
0.40
-16.67%
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$52.9m
FY2017FY2026
Net income
−HK$8.4m
FY2017FY2026
Free cash flow
−HK$3.2m
FY2017FY2026
Shareholders' equity
HK$685,000
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$52.9m | HK$27.8m | HK$80.5m | HK$32.0m | HK$31.5m | HK$40.0m | HK$54.9m | HK$52.4m | HK$48.4m | HK$43.5m |
| Research and development | — | — | HK$5.0m | HK$3.0m | HK$3.6m | HK$5.6m | HK$7.1m | HK$3.2m | HK$672,000 | HK$1.6m |
| Operating income | −HK$11.6m | −HK$28.4m | −HK$17.2m | −HK$25.8m | −HK$9.1m | −HK$6.3m | HK$6.0m | HK$9.0m | −HK$7.5m | HK$19.4m |
| Net income | −HK$8.4m | −HK$27.3m | −HK$20.1m | −HK$28.4m | −HK$9.2m | −HK$3.3m | HK$3.1m | HK$7.3m | −HK$11.2m | HK$17.3m |
| Diluted earnings per share | -0.32 | -1.05 | -1.08 | -1.79 | -0.02 | -0.01 | 0.01 | 0.02 | -0.03 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$52.2m | HK$27.8m | HK$48.3m | HK$61.9m | HK$71.8m | HK$88.8m | HK$79.3m | HK$70.0m | HK$54.8m | HK$29.1m |
| Cash and short-term investments | HK$5.0m | HK$223,000 | HK$14.7m | HK$4.3m | HK$3.7m | HK$2.7m | HK$13.3m | HK$10.4m | HK$1.5m | HK$2.3m |
| Total liabilities | HK$51.5m | HK$18.9m | HK$18.8m | HK$32.0m | HK$15.4m | HK$25.5m | HK$15.4m | HK$7.3m | HK$50.0m | HK$14.0m |
| Debt | HK$1.0m | HK$835,000 | HK$5.2m | HK$13.0m | HK$2.5m | HK$8.6m | — | — | HK$10.2m | HK$4.6m |
| Shareholders' equity | HK$685,000 | HK$8.9m | HK$29.5m | HK$29.9m | HK$56.4m | HK$63.3m | HK$63.9m | HK$62.7m | HK$4.8m | HK$15.1m |
| Shares outstanding | 26m | 26m | 19m | 16m | 405m | 285m | 400m | 400m | 400m | 400m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$3.2m | −HK$17.8m | HK$2.4m | −HK$9.2m | HK$6.5m | −HK$15.0m | HK$8.6m | −HK$24.0m | −HK$606,000 | −HK$2.2m |
| Capital spending | — | −HK$22,000 | — | −HK$521,000 | −HK$7.5m | −HK$4.0m | −HK$5.6m | −HK$1.0m | −HK$143,000 | −HK$79,000 |
| Free cash flow | −HK$3.2m | −HK$17.9m | HK$2.4m | −HK$9.7m | −HK$1.0m | −HK$19.0m | HK$3.0m | −HK$25.0m | −HK$749,000 | −HK$2.3m |
| Dividends paid | — | — | — | — | — | — | — | — | −HK$389,000 | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$34.6m | HK$18.3m | HK$14.1m | HK$13.8m | HK$68.1m | HK$11.7m | HK$651,000 | HK$6.7m |
| Operating income | −HK$3.1m | HK$490,000 | −HK$9.0m | −HK$9.3m | −HK$9.9m | −HK$764,000 | −HK$6.6m | −HK$12.5m |
| Net income | −HK$8.8m | HK$491,000 | −HK$17.5m | −HK$9.8m | −HK$12.4m | −HK$1.3m | −HK$6.4m | −HK$13.6m |
| Diluted earnings per share | -0.34 | 0.02 | -0.68 | -0.53 | -0.66 | -0.08 | -0.40 | -0.85 |
| Cash from operations | −HK$3.0m | — | −HK$10.0m | −HK$7.0m | HK$12.0m | −HK$9.0m | — | −HK$9.0m |
| Capital spending | — | — | — | — | — | — | — | −HK$4.0m |
| Free cash flow | — | — | — | — | — | — | — | −HK$13.0m |
| Total assets | HK$52.2m | HK$32.8m | HK$27.8m | HK$32.4m | HK$48.3m | HK$71.8m | — | HK$61.9m |
| Cash and short-term investments | HK$4.0m | HK$393,000 | HK$223,000 | HK$3.2m | HK$14.7m | HK$14.8m | — | HK$4.3m |
| Debt | HK$1.0m | HK$4.7m | HK$835,000 | — | HK$5.2m | HK$6.1m | — | HK$20.1m |
| Shareholders' equity | HK$685,000 | HK$8.4m | HK$8.9m | HK$20.8m | HK$29.5m | HK$43.5m | — | HK$29.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.3% | 5.8% | 7.4% |
| Operating income | -23.5% | 12.9% | — |
| Net income | -33.5% | 20.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -49.5% | -43.0% | -37.2% | -13.6% |
| Net margin | -44.2% | -43.6% | -36.6% | -15.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.6 | -0.8 | -1.0 | -1.1 | -130.6 | -391.4 | 287.2 | 93.3 | -83.2 |
| Price to sales | 0.3 | 0.8 | 0.3 | 1.0 | 38.3 | 32.7 | 16.4 | 13.0 | 19.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 3 Oct 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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