W 
0.08
—
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$23.8m
FY2016FY2025
Net income
−HK$23.1m
FY2016FY2025
Free cash flow
−HK$15.0m
FY2016FY2025
Shareholders' equity
−HK$9.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$23.8m | HK$16.2m | HK$23.1m | HK$16.3m | HK$30.4m | HK$66.0m | HK$45.9m | HK$43.8m | HK$38.4m | HK$34.6m |
| Operating income | −HK$21.4m | −HK$28.3m | −HK$38.1m | −HK$36.2m | HK$440,702 | −HK$6.6m | HK$7.0m | HK$16.0m | HK$9.8m | HK$2.3m |
| Net income | −HK$23.1m | −HK$28.7m | −HK$36.7m | −HK$33.2m | −HK$31.9m | −HK$14.8m | HK$2.1m | HK$8.0m | −HK$679,240 | −HK$4.2m |
| Diluted earnings per share | -0.22 | -0.32 | -0.04 | -0.04 | -0.04 | -0.02 | 0.00 | 0.01 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$29.2m | HK$31.0m | HK$50.6m | HK$102.1m | HK$153.9m | HK$181.6m | HK$174.0m | HK$125.8m | HK$100.5m | HK$106.2m |
| Cash and short-term investments | HK$360,483 | HK$5.8m | HK$11.1m | HK$9.8m | HK$14.3m | HK$2.3m | HK$25.9m | HK$313,138 | HK$470,502 | HK$1.0m |
| Total liabilities | HK$38.4m | HK$17.2m | HK$10.9m | HK$25.7m | HK$47.8m | HK$58.2m | HK$42.9m | HK$86.8m | HK$72.5m | HK$77.6m |
| Debt | HK$9.6m | HK$2.4m | HK$5.8m | HK$20.7m | HK$35.3m | HK$40.1m | HK$29.5m | HK$69.9m | HK$62.0m | HK$66.8m |
| Shareholders' equity | −HK$9.2m | HK$13.8m | HK$39.7m | HK$76.4m | HK$106.2m | HK$123.4m | HK$131.1m | HK$39.0m | HK$28.0m | HK$28.6m |
| Shares outstanding | 104m | 90m | 864m | 864m | 720m | 625m | 625m | 625m | 308m | 308m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$15.0m | −HK$7.3m | −HK$15.7m | HK$2.5m | −HK$4.9m | −HK$16.3m | HK$13.8m | HK$22.0m | HK$20.8m | HK$8.9m |
| Capital spending | — | −HK$4.4m | −HK$6.4m | −HK$1.1m | −HK$5.3m | −HK$28.2m | −HK$20.8m | −HK$4.2m | −HK$1.1m | −HK$14.9m |
| Free cash flow | −HK$15.0m | −HK$11.8m | −HK$22.2m | HK$1.4m | −HK$10.2m | −HK$44.6m | −HK$7.0m | HK$17.9m | HK$19.7m | −HK$6.0m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$450,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$12.0m | HK$6.0m | HK$6.1m | HK$6.1m | HK$5.7m | HK$5.7m | HK$8.8m | HK$4.4m |
| Operating income | −HK$4.7m | −HK$2.3m | −HK$4.4m | −HK$4.4m | −HK$4.6m | −HK$4.6m | −HK$9.0m | −HK$4.5m |
| Net income | −HK$4.8m | −HK$2.4m | −HK$5.2m | −HK$5.2m | −HK$6.3m | −HK$6.3m | −HK$16.0m | −HK$8.0m |
| Diluted earnings per share | -0.02 | -0.01 | -0.05 | -0.05 | -0.06 | -0.06 | -0.18 | -0.09 |
| Cash from operations | −HK$8.0m | −HK$8.0m | −HK$4.0m | −HK$1.0m | −HK$5.0m | −HK$5.0m | — | — |
| Capital spending | — | — | −HK$4.0m | — | — | — | −HK$1.0m | −HK$1.0m |
| Free cash flow | — | — | −HK$8.0m | — | — | — | — | — |
| Total assets | HK$44.0m | HK$44.0m | HK$29.2m | HK$29.2m | HK$32.2m | HK$32.2m | HK$31.0m | HK$31.0m |
| Cash and short-term investments | HK$4.4m | HK$4.4m | HK$360,483 | HK$360,483 | HK$1.9m | HK$1.9m | HK$5.8m | HK$5.8m |
| Debt | HK$1.6m | HK$1.8m | HK$9.6m | HK$10.9m | HK$10.9m | HK$12.1m | HK$2.4m | HK$3.8m |
| Shareholders' equity | HK$15.0m | HK$15.0m | −HK$9.2m | −HK$9.2m | HK$1.4m | HK$1.4m | HK$13.8m | HK$13.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.3% | -18.5% | -11.4% |
| Operating income | -16.1% | 26.6% | — |
| Net income | -11.4% | 9.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -124.3% | -156.2% | -74.0% | -20.5% |
| Net margin | -129.6% | -153.4% | -95.8% | -36.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.4 | -6.1 | -18.7 | -22.1 | -16.1 | — |
| Price to sales | 0.4 | 0.7 | 9.7 | 38.1 | 23.2 | 3.6 | 48.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 26 Nov 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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