A 
0.76
-1.94%
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$340.2m
FY2015FY2024
Net income
−HK$1.54bn
FY2015FY2024
Free cash flow
−HK$152.9m
FY2015FY2024
Shareholders' equity
HK$2.00bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$340.2m | HK$279.2m | HK$774.9m | HK$689.9m | HK$528.6m | HK$357.7m | HK$536.4m | HK$717.0m | HK$545.5m | HK$392.5m |
| Research and development | HK$184.6m | HK$24.8m | HK$55.5m | HK$56.3m | HK$77.8m | HK$28.6m | HK$21.2m | HK$87.8m | — | — |
| Operating income | −HK$590.5m | −HK$410.8m | HK$54.5m | −HK$3.8m | −HK$363.1m | −HK$165.4m | −HK$327.7m | −HK$174.9m | −HK$623.2m | HK$5.2m |
| Net income | −HK$1.54bn | −HK$860.5m | HK$263.5m | HK$37.8m | −HK$349.6m | −HK$345.2m | −HK$605.4m | −HK$94.1m | −HK$700.1m | −HK$32.7m |
| Diluted earnings per share | -1.80 | -1.79 | 0.61 | -0.01 | -0.90 | -0.05 | -0.09 | -0.02 | -0.22 | -0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$2.87bn | HK$3.92bn | HK$4.93bn | HK$4.57bn | HK$5.08bn | HK$5.32bn | HK$4.55bn | HK$4.50bn | HK$4.73bn | HK$1.62bn |
| Cash and short-term investments | HK$1.12bn | HK$64.3m | HK$52.5m | HK$135.4m | HK$151.1m | HK$185.9m | HK$449.6m | HK$329.8m | HK$327.5m | HK$203.3m |
| Total liabilities | HK$867.5m | HK$556.5m | HK$658.4m | HK$648.3m | HK$1.42bn | HK$1.71bn | HK$629.1m | HK$595.0m | HK$1.33bn | HK$187.1m |
| Debt | HK$322.5m | HK$161.8m | HK$270.7m | HK$296.9m | HK$170.5m | HK$190.2m | HK$126.5m | HK$74.3m | HK$140.1m | HK$40.6m |
| Shareholders' equity | HK$2.00bn | HK$3.36bn | HK$4.28bn | HK$3.92bn | HK$3.66bn | HK$3.61bn | HK$3.92bn | HK$3.90bn | HK$3.39bn | HK$1.43bn |
| Shares outstanding | 854m | 481m | 426m | 8,239m | 387m | 7,170m | 6,538m | 5,859m | 3,229m | 2,452m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$148.7m | −HK$29.0m | −HK$65.0m | −HK$281.7m | −HK$461.8m | −HK$145.8m | −HK$120.2m | HK$15.3m | −HK$294.7m | HK$3.1m |
| Capital spending | −HK$4.1m | −HK$2.0m | −HK$5.0m | −HK$10.5m | −HK$30.0m | −HK$17.2m | −HK$17.1m | −HK$10.0m | −HK$1.0m | −HK$1.9m |
| Free cash flow | −HK$152.9m | −HK$31.0m | −HK$70.0m | −HK$292.2m | −HK$491.8m | −HK$163.0m | −HK$137.3m | HK$5.3m | −HK$295.7m | HK$1.2m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$84.9m | HK$214.0m | HK$126.2m | HK$151.6m | HK$127.6m | HK$63.8m | HK$85.0m | HK$226.6m |
| Operating income | −HK$122.4m | −HK$449.8m | −HK$140.7m | −HK$319.1m | −HK$93.4m | −HK$45.0m | −HK$77.4m | HK$136.5m |
| Net income | −HK$105.3m | −HK$1.20bn | −HK$343.2m | −HK$783.1m | −HK$77.4m | −HK$41.2m | HK$225.6m | HK$32.1m |
| Diluted earnings per share | -0.10 | -1.17 | -0.50 | -1.63 | -0.16 | -0.01 | 0.49 | -0.01 |
| Total assets | HK$2.63bn | HK$2.87bn | HK$3.77bn | HK$3.92bn | HK$4.83bn | HK$4.83bn | HK$4.93bn | HK$4.57bn |
| Cash and short-term investments | HK$666.3m | HK$1.12bn | HK$200.7m | HK$64.3m | HK$117.2m | HK$117.2m | HK$52.5m | HK$135.4m |
| Debt | HK$328.7m | HK$316.4m | HK$20.4m | HK$139.4m | HK$172.1m | HK$172.1m | HK$195.2m | HK$200.6m |
| Shareholders' equity | HK$1.97bn | HK$2.00bn | HK$3.20bn | HK$3.36bn | HK$4.11bn | HK$4.10bn | HK$4.28bn | HK$3.92bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.0% | -1.0% | -0.4% |
| Operating income | 438.8% | 29.0% | 44.4% |
| Net income | — | 34.8% | 22.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -161.7% | -45.6% | -49.8% | -47.4% |
| Net margin | -387.3% | -100.6% | -94.0% | -80.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -0.5 | 7.8 | — | -17.1 | -224.3 | -108.0 | -1980.1 | -68.3 | -360.2 |
| Price to sales | 1.2 | 1.4 | 2.6 | 107.5 | 11.3 | 216.5 | 121.9 | 259.9 | 87.6 | 30.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Mar 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.714 | 1.143 | 1.143 | 1.143 | 1.143 | 0.357 |
- 20-to-1 reverse split · 14 Dec 2023
- 10-to-1 reverse split · 17 Mar 2015
- 7-for-5 split · 2 Jul 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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