W 
0.36
—
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$745.3m
FY2016FY2025
Net income
HK$7.1m
FY2016FY2025
Free cash flow
HK$75.2m
FY2016FY2025
Shareholders' equity
HK$1.18bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$745.3m | HK$783.9m | HK$723.6m | HK$1.39bn | HK$1.11bn | HK$620.7m | HK$751.4m | HK$845.8m | HK$738.4m | HK$825.3m |
| Gross profit | HK$376.5m | HK$394.8m | HK$342.4m | HK$570.4m | HK$439.0m | HK$281.6m | HK$301.5m | HK$343.8m | HK$310.8m | HK$370.2m |
| Operating income | −HK$40.9m | HK$48.8m | HK$11.2m | HK$118.6m | HK$40.7m | −HK$114.6m | −HK$129.8m | −HK$97.7m | −HK$23.4m | HK$16.0m |
| Net income | HK$7.1m | −HK$15.4m | −HK$20.5m | −HK$108.9m | −HK$376.0m | HK$438.5m | HK$74.6m | −HK$115.6m | −HK$93.3m | HK$25.4m |
| Diluted earnings per share | 0.01 | -0.02 | -0.01 | -0.09 | -0.31 | 0.36 | 0.06 | -0.09 | -0.11 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$1.74bn | HK$2.10bn | HK$7.01bn | HK$7.60bn | HK$7.96bn | HK$7.73bn | HK$3.45bn | HK$3.66bn | HK$3.57bn | HK$3.24bn |
| Cash and short-term investments | HK$146.6m | HK$196.8m | HK$579.3m | HK$645.2m | HK$666.6m | HK$591.0m | HK$903.3m | HK$548.4m | HK$474.0m | HK$402.7m |
| Total liabilities | HK$554.2m | HK$708.2m | HK$4.66bn | HK$5.08bn | HK$5.40bn | HK$5.09bn | HK$1.01bn | HK$1.10bn | HK$921.5m | HK$915.0m |
| Debt | HK$435.4m | HK$560.1m | HK$1.76bn | HK$1.80bn | HK$1.77bn | HK$1.76bn | HK$852.2m | HK$927.0m | HK$759.3m | HK$738.7m |
| Shareholders' equity | HK$1.18bn | HK$1.39bn | HK$2.35bn | HK$2.52bn | HK$2.57bn | HK$2.64bn | HK$2.44bn | HK$2.55bn | HK$2.65bn | HK$2.32bn |
| Shares outstanding | 1,126m | 1,181m | 1,216m | 1,232m | 1,232m | 1,232m | 1,248m | 1,265m | 883m | 342m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$102.3m | HK$191.7m | HK$168.3m | HK$152.3m | HK$412.6m | −HK$32.5m | −HK$26.6m | −HK$76.7m | −HK$89.9m | −HK$115.7m |
| Capital spending | −HK$27.2m | −HK$34.6m | −HK$33.4m | −HK$26.0m | −HK$59.5m | −HK$6.8m | −HK$17.0m | −HK$63.6m | −HK$78.4m | −HK$282.1m |
| Free cash flow | HK$75.2m | HK$157.0m | HK$134.9m | HK$126.2m | HK$353.0m | −HK$39.3m | −HK$43.6m | −HK$140.3m | −HK$168.3m | −HK$397.8m |
| Dividends paid | −HK$199.1m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$322.8m | HK$398.5m | HK$346.8m | HK$105.1m | HK$368.3m | HK$117.5m | HK$606.1m | HK$735.3m |
| Gross profit | HK$165.3m | HK$194.4m | HK$182.0m | HK$70.8m | HK$186.2m | HK$84.6m | HK$257.8m | HK$295.2m |
| Operating income | −HK$16.1m | −HK$29.7m | −HK$10.4m | −HK$51.1m | HK$25.9m | −HK$8.8m | HK$20.1m | HK$70.0m |
| Net income | HK$2.8m | −HK$16.6m | HK$23.7m | −HK$18.9m | HK$3.5m | HK$32.9m | −HK$53.4m | −HK$123.0m |
| Diluted earnings per share | 0.00 | -0.01 | 0.02 | -0.03 | -0.00 | 0.03 | -0.04 | -0.10 |
| Cash from operations | HK$36.0m | HK$68.0m | HK$33.0m | HK$124.0m | HK$67.0m | HK$167.0m | — | HK$181.0m |
| Capital spending | −HK$8.0m | −HK$12.0m | −HK$14.0m | HK$9.0m | −HK$44.0m | −HK$14.0m | −HK$18.0m | −HK$14.0m |
| Free cash flow | HK$28.0m | HK$56.0m | HK$19.0m | HK$133.0m | HK$23.0m | HK$153.0m | — | HK$167.0m |
| Total assets | HK$1.69bn | HK$1.74bn | HK$1.77bn | HK$2.10bn | HK$6.58bn | HK$7.01bn | HK$6.91bn | HK$7.60bn |
| Cash and short-term investments | HK$135.7m | HK$146.6m | HK$113.5m | HK$196.8m | HK$505.4m | HK$579.3m | HK$635.0m | HK$645.2m |
| Debt | — | HK$155.9m | HK$162.8m | HK$276.2m | HK$877.7m | HK$1.03bn | HK$1.22bn | HK$1.04bn |
| Shareholders' equity | HK$1.18bn | HK$1.18bn | HK$1.20bn | HK$1.39bn | HK$2.23bn | HK$2.35bn | HK$2.26bn | HK$2.52bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.8% | 3.7% | -1.1% |
| Operating income | — | -18.6% | -2.6% |
| Net income | — | -56.2% | -24.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.4% | 46.2% | 44.7% | 43.6% |
| Operating margin | 0.5% | 3.8% | 1.2% | -2.4% |
| Net margin | -0.5% | -3.8% | -1.4% | -0.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 61.8 | -20.0 | -6.4 | -1.1 | -0.3 | 0.3 | 1.4 | -0.7 | -0.9 | 1.4 |
| Price to sales | 0.6 | 0.4 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Aug 2024.
| FY2025 | FY2015 | FY2014 | FY2012 | |
|---|---|---|---|---|
| Paid in the year | 0.147 | 0.06 | 0.06 | 0.06 |
- 20-to-1 reverse split · 16 Mar 2016
- 25-to-1 reverse split · 22 Sept 2010
- 10-to-1 reverse split · 9 Jun 2005
- 1.319-for-1 split · 28 May 2004
- 100-to-1 reverse split · 20 Oct 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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