Z 
0.17
—
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$117.3m
FY2015FY2025
Net income
−HK$146.7m
FY2015FY2025
Free cash flow
−HK$30.0m
FY2015FY2025
Shareholders' equity
HK$259.1m
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$117.3m | HK$101.8m | HK$872.9m | HK$209.0m | HK$154.7m | HK$198.8m | HK$259.7m | HK$199.2m | HK$265.0m | HK$179.5m |
| Gross profit | HK$26.6m | HK$31.9m | HK$253.7m | HK$54.9m | HK$44.8m | HK$75.4m | HK$83.4m | HK$63.1m | HK$100.7m | HK$51.1m |
| Operating income | −HK$26.5m | −HK$39.2m | HK$162.8m | −HK$127.4m | −HK$22.1m | −HK$2.5m | −HK$3.7m | −HK$28.6m | −HK$878,000 | −HK$20.0m |
| Net income | −HK$146.7m | −HK$699.3m | HK$69.1m | −HK$347.5m | −HK$53.8m | −HK$70.5m | HK$55.4m | −HK$43.7m | −HK$39.2m | −HK$49.1m |
| Diluted earnings per share | -0.22 | -1.08 | 0.13 | -0.63 | -0.09 | -0.12 | 0.12 | -0.48 | -0.60 | -4.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$745.0m | HK$2.29bn | HK$3.03bn | HK$4.12bn | HK$3.67bn | HK$1.83bn | HK$1.38bn | HK$1.02bn | HK$732.0m | HK$957.5m |
| Cash and short-term investments | HK$11.4m | HK$20.1m | HK$41.4m | HK$167.4m | HK$177.1m | HK$167.7m | HK$19.2m | HK$307.1m | HK$20.0m | HK$311.3m |
| Total liabilities | HK$485.9m | HK$2.00bn | HK$2.05bn | HK$3.13bn | HK$2.29bn | HK$437.4m | HK$168.7m | HK$152.8m | HK$150.2m | HK$668.0m |
| Debt | HK$356.3m | HK$1.35bn | HK$1.37bn | HK$1.77bn | HK$1.65bn | HK$327.3m | HK$17.7m | HK$22.0m | HK$31.9m | HK$262.7m |
| Shareholders' equity | HK$259.1m | HK$293.1m | HK$974.1m | HK$989.9m | HK$1.38bn | HK$1.39bn | HK$1.21bn | HK$869.8m | HK$581.8m | HK$289.5m |
| Shares outstanding | 659m | 647m | 551m | 551m | 551m | 546m | 435m | 89m | 65m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$29.8m | −HK$21.1m | −HK$67.5m | HK$190.3m | −HK$44.8m | HK$54.5m | −HK$36.3m | −HK$2.7m | −HK$77.8m | −HK$54.6m |
| Capital spending | −HK$188,000 | — | −HK$2.0m | −HK$3.1m | −HK$2.7m | −HK$1.3m | −HK$5.9m | −HK$8.5m | −HK$11.3m | −HK$3.6m |
| Free cash flow | −HK$30.0m | −HK$21.1m | −HK$69.6m | HK$187.2m | −HK$47.5m | HK$53.2m | −HK$42.2m | −HK$11.2m | −HK$89.1m | −HK$58.2m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$52.8m | HK$64.5m | HK$54.3m | HK$47.6m | HK$126.4m | HK$746.5m | HK$78.7m | HK$83.8m |
| Gross profit | HK$10.3m | HK$16.3m | HK$17.7m | HK$14.2m | HK$55.6m | HK$198.1m | HK$25.4m | HK$22.7m |
| Operating income | −HK$16.0m | −HK$10.5m | −HK$20.4m | HK$308.4m | HK$30.5m | HK$132.3m | −HK$51.1m | HK$31.1m |
| Net income | −HK$57.5m | −HK$89.2m | −HK$5.1m | −HK$694.2m | HK$103.9m | −HK$34.7m | −HK$45.2m | −HK$186.0m |
| Diluted earnings per share | -0.09 | -0.13 | — | -1.09 | 0.18 | -0.06 | -0.08 | -0.33 |
| Total assets | HK$745.0m | HK$733.8m | HK$2.29bn | HK$2.19bn | HK$3.03bn | HK$3.42bn | HK$4.12bn | HK$4.35bn |
| Cash and short-term investments | HK$11.4m | HK$2.3m | HK$20.1m | HK$43.8m | HK$41.4m | HK$104.9m | HK$167.4m | HK$4.2m |
| Debt | HK$330.9m | HK$250.0m | HK$307.0m | HK$302.0m | HK$303.5m | HK$545.3m | HK$450.9m | HK$273.1m |
| Shareholders' equity | HK$259.1m | HK$281.9m | HK$293.1m | HK$309.5m | HK$974.1m | HK$908.6m | HK$989.9m | HK$1.07bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -17.5% | -10.0% | -4.4% |
| Operating income | -40.8% | 60.8% | 15.1% |
| Net income | -25.0% | 15.8% | 22.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.7% | 28.2% | 29.5% | 30.4% |
| Operating margin | -30.0% | -2.3% | -3.3% | -4.2% |
| Net margin | -386.1% | -86.4% | -75.5% | -49.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.2 | 1.6 | -0.4 | -12.4 | -21.7 | 17.1 | -4.1 | -2.8 | -1.5 |
| Price to sales | 1.1 | 1.2 | 0.1 | 0.7 | 4.3 | 7.7 | 3.6 | 0.9 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 1998.
- 20-to-1 reverse split · 14 Jul 2025
- 4-to-1 reverse split · 7 Dec 2015
- 10-to-1 reverse split · 29 Jul 2014
- 25-to-1 reverse split · 9 Nov 2011
- 20-to-1 reverse split · 1 Dec 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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