V 
0.65
—
Close of 9 Nov 2026, in HKD
Search any instrument
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$390.5m
FY2016FY2025
Net income
−HK$56.2m
FY2016FY2025
Free cash flow
−HK$41.7m
FY2016FY2025
Shareholders' equity
HK$141.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$390.5m | HK$524.8m | HK$400.7m | HK$127.1m | HK$55.1m | HK$64.9m | HK$54.0m | HK$30.4m | HK$22.2m | HK$26.4m |
| Gross profit | HK$390.3m | HK$522.3m | HK$398.8m | HK$124.2m | HK$52.3m | HK$62.0m | HK$47.0m | HK$24.2m | HK$17.1m | HK$19.8m |
| Operating income | HK$8.9m | HK$16.6m | HK$8.1m | −HK$31.9m | −HK$25.4m | −HK$47.9m | −HK$30.9m | −HK$30.2m | −HK$54.1m | −HK$29.5m |
| Net income | −HK$56.2m | −HK$56.5m | −HK$10.0m | −HK$37.5m | −HK$68.9m | −HK$108.3m | −HK$66.6m | HK$9.8m | −HK$46.1m | −HK$26.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.01 | -0.01 | -0.03 | -0.02 | 0.00 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$586.6m | HK$701.7m | HK$633.6m | HK$478.1m | HK$496.7m | HK$481.7m | HK$519.8m | HK$579.1m | HK$541.0m | HK$338.9m |
| Cash and short-term investments | HK$59.3m | HK$41.4m | HK$24.2m | HK$22.9m | HK$30.8m | HK$15.9m | HK$26.8m | HK$71.9m | HK$220.6m | HK$157.6m |
| Total liabilities | HK$444.7m | HK$506.7m | HK$382.1m | HK$207.2m | HK$197.5m | HK$116.9m | HK$66.7m | HK$63.9m | HK$43.5m | HK$40.7m |
| Debt | HK$199.3m | HK$327.6m | HK$243.5m | HK$91.9m | HK$99.6m | HK$47.9m | HK$5.5m | — | — | — |
| Shareholders' equity | HK$141.9m | HK$195.0m | HK$251.5m | HK$270.9m | HK$299.3m | HK$364.8m | HK$453.1m | HK$515.3m | HK$497.5m | HK$298.2m |
| Shares outstanding | 3,924m | 3,924m | 3,924m | 3,924m | 3,924m | 3,924m | 3,924m | 3,980m | 3,253m | 3,151m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$35.0m | −HK$45.1m | −HK$147.6m | HK$5.8m | −HK$25.5m | −HK$38.3m | −HK$41.8m | −HK$45.9m | −HK$49.3m | −HK$46.2m |
| Capital spending | −HK$6.7m | −HK$14.0m | −HK$8.7m | −HK$9.0m | −HK$16.0m | −HK$21.8m | −HK$23.3m | −HK$12.9m | −HK$7.4m | −HK$19.1m |
| Free cash flow | −HK$41.7m | −HK$59.1m | −HK$156.3m | −HK$3.2m | −HK$41.5m | −HK$60.1m | −HK$65.2m | −HK$58.8m | −HK$56.7m | −HK$65.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$166.5m | HK$224.1m | HK$285.8m | HK$239.1m | HK$235.8m | HK$164.9m | HK$108.0m | HK$19.1m |
| Gross profit | HK$166.5m | HK$223.9m | HK$283.9m | HK$238.4m | HK$234.8m | HK$164.0m | HK$106.5m | HK$17.8m |
| Operating income | HK$651,000 | HK$8.2m | HK$11.0m | HK$5.7m | HK$9.1m | −HK$1.0m | −HK$18.5m | −HK$13.4m |
| Net income | −HK$28.8m | −HK$27.4m | −HK$29.5m | −HK$27.0m | −HK$6.4m | −HK$3.7m | −HK$28.3m | −HK$9.2m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.01 | -0.00 |
| Cash from operations | −HK$120.0m | HK$85.0m | −HK$26.0m | −HK$18.0m | −HK$29.0m | −HK$117.0m | HK$6.0m | — |
| Capital spending | −HK$5.0m | −HK$1.0m | −HK$2.0m | −HK$11.0m | −HK$2.0m | −HK$6.0m | −HK$4.0m | −HK$4.0m |
| Free cash flow | −HK$125.0m | HK$84.0m | −HK$28.0m | −HK$29.0m | −HK$31.0m | −HK$123.0m | HK$2.0m | — |
| Total assets | HK$586.6m | HK$643.7m | HK$701.7m | HK$659.8m | HK$633.6m | HK$606.7m | HK$478.1m | HK$529.1m |
| Cash and short-term investments | HK$59.3m | HK$58.3m | HK$41.4m | HK$31.4m | HK$24.2m | HK$19.0m | HK$22.9m | HK$45.3m |
| Debt | HK$197.7m | HK$277.7m | HK$326.1m | HK$276.9m | HK$241.6m | HK$209.0m | HK$90.6m | HK$117.5m |
| Shareholders' equity | HK$141.9m | HK$166.0m | HK$195.0m | HK$224.6m | HK$251.5m | HK$264.6m | HK$270.9m | HK$291.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 45.4% | 43.2% | 33.3% |
| Net income | 14.4% | -12.3% | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.7% | 99.5% | 99.1% | 97.2% |
| Operating margin | 2.8% | 0.1% | -4.6% | -15.0% |
| Net margin | -12.3% | -11.1% | -21.6% | -29.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -21.3 | -9.0 | -86.3 | -80.7 | -73.8 | -72.8 | -76.0 | — | -334.4 | -191.3 |
| Price to sales | 3.1 | 1.0 | 2.2 | 23.8 | 92.4 | 121.6 | 93.8 | 259.4 | — | 194.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Dec 2006.
| FY2007 | |
|---|---|
| Paid in the year | 0.12 |
- 10-for-1 split · 28 May 2010
- 100-to-1 reverse split · 7 Jul 2004
- 10-for-1 split · 2 Nov 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.