X 
0.29
—
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$206.5m
FY2016FY2025
Net income
HK$2.1m
FY2016FY2025
Free cash flow
HK$13.1m
FY2016FY2025
Shareholders' equity
HK$811,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$206.5m | HK$247.8m | HK$278.5m | HK$217.0m | HK$221.3m | HK$173.3m | HK$219.1m | HK$230.3m | HK$236.4m | HK$232.4m |
| Operating income | HK$5.3m | HK$48.5m | HK$3.6m | −HK$26.3m | −HK$15.8m | −HK$34.5m | −HK$29.0m | −HK$16.3m | HK$22.9m | HK$32.0m |
| Net income | HK$2.1m | −HK$6.6m | −HK$1.8m | −HK$23.0m | −HK$19.5m | −HK$20.4m | −HK$32.0m | −HK$15.4m | −HK$4.6m | −HK$9.5m |
| Diluted earnings per share | 0.01 | -0.05 | -0.01 | -0.16 | -0.13 | -0.16 | -0.30 | -0.14 | -0.05 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$33.3m | HK$54.3m | HK$87.7m | HK$98.6m | HK$136.0m | HK$138.1m | HK$120.1m | HK$94.8m | HK$85.7m | HK$92.2m |
| Cash and short-term investments | HK$9.3m | HK$9.2m | HK$10.4m | HK$11.1m | HK$12.9m | HK$15.4m | HK$8.1m | HK$35.7m | HK$8.4m | HK$7.6m |
| Total liabilities | HK$36.2m | HK$69.5m | HK$98.5m | HK$101.4m | HK$116.3m | HK$114.5m | HK$91.0m | HK$33.6m | HK$46.9m | HK$48.2m |
| Debt | HK$4.4m | HK$21.4m | HK$40.0m | HK$44.4m | HK$61.0m | HK$64.7m | HK$45.7m | HK$8.4m | HK$17.6m | HK$14.1m |
| Shareholders' equity | HK$811,000 | −HK$1.7m | HK$775,000 | HK$2.7m | HK$22.0m | HK$25.0m | HK$29.2m | HK$61.1m | HK$39.0m | HK$45.4m |
| Shares outstanding | 145m | 145m | 145m | 145m | 145m | 129m | 108m | 108m | 86m | 145m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$13.6m | HK$18.3m | HK$32.5m | HK$25.6m | HK$29.2m | HK$23.7m | HK$25.3m | −HK$105,000 | HK$1.9m | HK$2.8m |
| Capital spending | −HK$576,000 | −HK$2.9m | −HK$1.4m | −HK$9.3m | −HK$18.7m | −HK$15.1m | −HK$21.0m | −HK$7.6m | −HK$6.1m | −HK$15.8m |
| Free cash flow | HK$13.1m | HK$15.4m | HK$31.1m | HK$16.3m | HK$10.5m | HK$8.5m | HK$4.3m | −HK$7.7m | −HK$4.2m | −HK$13.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$39.0m | HK$39.0m | HK$42.2m | HK$42.2m | HK$62.1m | HK$62.1m | HK$61.7m | HK$61.7m |
| Operating income | HK$7.3m | HK$7.3m | HK$7.8m | HK$7.8m | HK$12.2m | HK$12.2m | HK$12.0m | HK$12.0m |
| Net income | HK$1.1m | HK$1.1m | HK$204,000 | HK$204,000 | HK$854,000 | HK$854,000 | −HK$3.7m | −HK$3.7m |
| Diluted earnings per share | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | -0.03 | -0.03 |
| Cash from operations | HK$1.0m | HK$1.0m | — | — | HK$6.0m | HK$6.0m | HK$4.0m | HK$4.0m |
| Capital spending | — | — | — | — | — | — | −HK$1.0m | −HK$1.0m |
| Free cash flow | — | — | — | — | — | — | HK$3.0m | HK$3.0m |
| Total assets | HK$33.5m | HK$33.5m | HK$33.3m | HK$33.3m | HK$49.5m | HK$49.5m | HK$54.3m | HK$54.3m |
| Cash and short-term investments | HK$12.0m | HK$12.0m | HK$9.3m | HK$9.3m | HK$15.0m | HK$15.0m | HK$9.2m | HK$9.2m |
| Debt | HK$11.0m | HK$11.0m | HK$4.4m | HK$12.8m | HK$14.6m | HK$12.8m | HK$17.2m | HK$17.1m |
| Shareholders' equity | HK$3.0m | HK$3.0m | HK$811,000 | HK$811,000 | HK$650,000 | HK$650,000 | −HK$1.7m | −HK$1.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.6% | 3.6% | 0.0% |
| Operating income | — | — | -13.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.8% | 3.3% | -1.4% | 0.5% |
| Net margin | -1.0% | -3.1% | -5.1% | -5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.1 | -15.5 | -93.4 | -1.8 | -6.6 | -5.9 | -1.6 | -6.3 |
| Price to sales | 0.1 | 0.4 | 0.6 | 0.2 | 0.6 | 0.7 | 0.2 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 4-to-1 reverse split · 20 Oct 2025
- 2-to-1 reverse split · 25 Mar 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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