K 
0.90
+5.88%
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$40.8m
FY2016FY2025
Net income
−HK$47.5m
FY2016FY2025
Free cash flow
−HK$322,000
FY2016FY2025
Shareholders' equity
HK$222.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$40.8m | HK$233.7m | HK$223.9m | HK$92.9m | HK$102.0m | HK$63.8m | HK$63.5m | HK$62.8m | HK$26.9m | HK$5.1m |
| Operating income | −HK$13.2m | HK$18.6m | −HK$29.8m | −HK$30.7m | HK$2.8m | −HK$18.1m | −HK$126.0m | −HK$83.9m | −HK$29.8m | −HK$40.9m |
| Net income | −HK$47.5m | HK$15.8m | −HK$25.2m | −HK$34.5m | −HK$4.6m | −HK$24.9m | −HK$118.9m | −HK$94.2m | −HK$37.7m | −HK$34.3m |
| Diluted earnings per share | -0.03 | 0.01 | -0.09 | -0.13 | -0.00 | -0.02 | -0.11 | -0.09 | -0.06 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$286.4m | HK$336.1m | HK$264.3m | HK$302.9m | HK$325.0m | HK$303.9m | HK$300.6m | HK$420.4m | HK$390.9m | HK$86.1m |
| Cash and short-term investments | HK$309,000 | HK$473,000 | HK$17.8m | HK$37.4m | HK$8.6m | HK$187.6m | HK$21.1m | HK$50.5m | HK$209.8m | HK$65.8m |
| Total liabilities | HK$63.7m | HK$66.3m | HK$26.8m | HK$40.7m | HK$34.4m | HK$56.5m | HK$12.2m | HK$21.6m | HK$16.2m | HK$21.3m |
| Debt | HK$2.4m | HK$5.7m | HK$6.7m | HK$422,000 | HK$715,000 | HK$1.9m | — | — | — | HK$20.0m |
| Shareholders' equity | HK$222.6m | HK$269.8m | HK$237.5m | HK$262.3m | HK$290.6m | HK$247.4m | HK$288.3m | HK$398.8m | HK$374.7m | HK$64.8m |
| Shares outstanding | 1,850m | 1,641m | 295m | 257m | 1,204m | 1,071m | 1,066m | 1,010m | 581m | 2,399m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$322,000 | −HK$32.3m | −HK$134.5m | HK$96.9m | −HK$181.7m | HK$173.1m | −HK$54.8m | −HK$199.9m | −HK$117.2m | −HK$37.9m |
| Capital spending | — | — | −HK$214,000 | −HK$13,000 | — | — | −HK$1.5m | −HK$12.6m | −HK$18.3m | −HK$322,000 |
| Free cash flow | −HK$322,000 | −HK$32.3m | −HK$134.7m | HK$96.8m | −HK$181.7m | HK$173.1m | −HK$56.3m | −HK$212.5m | −HK$135.5m | −HK$38.2m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$73.9m | HK$3.6m | HK$37.2m | HK$150.3m | HK$83.4m | HK$167.4m | HK$56.4m | HK$5.4m |
| Operating income | HK$9.5m | −HK$11.7m | −HK$1.5m | HK$21.3m | HK$2.8m | −HK$29.5m | −HK$1.3m | −HK$29.5m |
| Net income | HK$7.4m | −HK$45.9m | −HK$1.6m | HK$14.1m | HK$1.7m | −HK$23.9m | −HK$1.3m | −HK$29.9m |
| Diluted earnings per share | 0.00 | -0.02 | -0.00 | 0.01 | 0.01 | -0.08 | -0.00 | -0.02 |
| Total assets | — | HK$286.4m | HK$336.7m | HK$336.1m | HK$290.7m | HK$264.3m | HK$294.5m | HK$302.9m |
| Cash and short-term investments | — | HK$309,000 | HK$179,000 | HK$473,000 | HK$301,000 | HK$17.8m | HK$112.2m | HK$37.4m |
| Debt | — | HK$1.9m | HK$4.6m | HK$4.9m | HK$4.0m | HK$5.0m | HK$3.3m | HK$173,000 |
| Shareholders' equity | — | HK$222.6m | HK$269.5m | HK$269.8m | HK$237.5m | HK$237.5m | HK$261.2m | HK$262.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -24.0% | -8.6% | 17.1% |
| Operating income | -24.6% | -6.2% | -11.3% |
| Net income | 11.3% | 13.8% | 0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.0% | -9.3% | -9.3% | -42.7% |
| Net margin | -11.5% | -15.4% | -15.9% | -48.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.4 | 46.7 | -9.6 | -9.6 | -164.9 | -39.0 | -13.1 | -41.3 | -85.4 | -200.8 |
| Price to sales | 45.9 | 3.2 | 1.1 | 3.6 | 7.4 | 15.2 | 24.4 | 62.0 | 119.7 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Aug 2007.
| FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|
| Paid in the year | 50.00 | 75.25 | 80.00 | 80.00 | 72.50 | 35.625 |
- 5-to-1 reverse split · 23 Sept 2020
- 10-for-1 split · 4 Jun 2014
- 10-to-1 reverse split · 31 Jan 2013
- 5-to-1 reverse split · 23 Aug 2012
- 10-to-1 reverse split · 5 Aug 2011
- 10-to-1 reverse split · 21 Dec 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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