H 
5.50
+2.80%
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$851.2m
FY2017FY2026
Net income
HK$7.0m
FY2017FY2026
Free cash flow
HK$46.4m
FY2017FY2026
Shareholders' equity
HK$303.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$851.2m | HK$1.28bn | HK$1.15bn | HK$1.21bn | HK$1.06bn | HK$951.2m | HK$932.8m | HK$878.8m | HK$527.1m | HK$430.5m |
| Gross profit | HK$24.9m | HK$62.7m | HK$60.1m | HK$84.7m | HK$54.7m | HK$60.5m | HK$75.2m | HK$62.3m | HK$41.9m | HK$31.7m |
| Operating income | HK$4.3m | HK$32.1m | HK$25.5m | HK$65.1m | HK$31.3m | HK$33.0m | HK$51.2m | HK$45.4m | HK$14.3m | HK$26.2m |
| Net income | HK$7.0m | HK$31.1m | HK$27.7m | HK$56.8m | HK$13.3m | HK$34.1m | HK$24.5m | HK$38.3m | HK$9.7m | HK$23.6m |
| Diluted earnings per share | 0.00 | 0.01 | 0.07 | 0.15 | 0.04 | 0.09 | 0.07 | 0.10 | 0.03 | 0.06 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$360.8m | HK$430.3m | HK$351.7m | HK$368.2m | HK$324.0m | HK$294.0m | HK$287.6m | HK$281.8m | HK$235.9m | HK$106.2m |
| Cash and short-term investments | HK$210.7m | HK$165.9m | HK$140.1m | HK$202.6m | HK$81.8m | HK$61.8m | HK$73.4m | HK$91.9m | HK$69.0m | HK$6.4m |
| Total liabilities | HK$58.2m | HK$131.2m | HK$81.7m | HK$80.1m | HK$92.5m | HK$75.8m | HK$103.5m | HK$122.3m | HK$112.7m | HK$61.6m |
| Debt | HK$931,000 | HK$1.7m | HK$284,000 | — | HK$4.0m | HK$7.0m | HK$8.9m | HK$7.2m | HK$2.2m | HK$1.9m |
| Shareholders' equity | HK$303.7m | HK$296.7m | HK$265.7m | HK$288.2m | HK$231.5m | HK$218.1m | HK$184.1m | HK$159.6m | HK$123.2m | HK$44.6m |
| Shares outstanding | 2,953m | 2,976m | 372m | 372m | 372m | 372m | 372m | 372m | 372m | 372m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$47.2m | HK$16.2m | −HK$20.3m | HK$131.6m | HK$39.1m | −HK$9.8m | −HK$18.1m | HK$19.1m | −HK$23.2m | HK$14.9m |
| Capital spending | −HK$828,000 | — | −HK$2.8m | −HK$1.4m | −HK$2.9m | −HK$141,000 | −HK$1.9m | −HK$1.1m | −HK$872,000 | −HK$470,000 |
| Free cash flow | HK$46.4m | HK$16.2m | −HK$23.1m | HK$130.1m | HK$36.2m | −HK$9.9m | −HK$20.0m | HK$17.9m | −HK$24.1m | HK$14.4m |
| Dividends paid | — | — | −HK$50.2m | — | — | — | — | — | — | −HK$8.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$285.8m | HK$565.3m | HK$654.6m | HK$620.6m | HK$310.3m | HK$668.9m | HK$334.5m | HK$482.0m |
| Gross profit | HK$6.8m | HK$18.0m | HK$31.5m | HK$31.3m | HK$15.6m | HK$28.9m | HK$14.4m | HK$31.2m |
| Operating income | HK$1.0m | HK$3.2m | HK$16.1m | HK$16.0m | HK$8.0m | HK$12.9m | HK$6.5m | HK$12.6m |
| Net income | HK$3.5m | HK$3.4m | HK$14.4m | HK$16.7m | HK$8.3m | HK$14.0m | HK$7.0m | HK$13.7m |
| Diluted earnings per share | 0.00 | 0.00 | 0.00 | 0.04 | 0.02 | 0.04 | 0.02 | 0.04 |
| Cash from operations | — | HK$60.0m | −HK$10.0m | HK$26.0m | HK$13.0m | −HK$12.0m | −HK$6.0m | −HK$7.0m |
| Capital spending | — | — | — | — | — | −HK$1.0m | — | −HK$1.0m |
| Free cash flow | — | — | — | — | — | −HK$13.0m | — | −HK$8.0m |
| Total assets | HK$360.8m | HK$399.0m | HK$430.3m | HK$385.2m | HK$385.2m | HK$351.7m | HK$351.7m | HK$401.7m |
| Cash and short-term investments | HK$210.7m | HK$226.7m | HK$165.9m | HK$168.9m | HK$168.9m | HK$140.1m | HK$140.1m | HK$197.8m |
| Debt | HK$880,000 | HK$1.4m | HK$1.7m | HK$145,000 | HK$145,000 | HK$284,000 | HK$280,000 | HK$275,000 |
| Shareholders' equity | HK$303.7m | HK$300.2m | HK$296.7m | HK$282.4m | HK$282.4m | HK$265.7m | HK$265.7m | HK$301.9m |
Financial ratios
Data as of 25 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 2.9% | 4.9% | 5.2% | 7.0% | 5.1% | 6.4% | — |
| Operating margin | 0.5% | 2.5% | 2.2% | 5.4% | 2.9% | 3.5% | — |
| Net margin | 0.8% | 2.4% | 2.4% | 4.7% | 1.3% | 3.6% | — |
| Return on equity | 2.3% | 10.5% | 10.4% | 19.7% | 5.8% | 15.6% | — |
| Return on assets | 1.9% | 7.2% | 7.9% | 15.4% | 4.1% | 11.6% | — |
| Free cash flow yield | 0.3% | — | -0.9% | 6.7% | 2.1% | -0.5% | -0.8% |
| Revenue growth | -33.3% | 10.8% | -4.9% | 13.7% | 11.8% | 2.0% | — |
| Earnings growth | -77.6% | 12.1% | -51.2% | 326.0% | -60.9% | 39.1% | — |
| Current ratio | 6.14x | 3.26x | 4.18x | 4.52x | 3.46x | 3.84x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.02x | 0.03x | — |
| Equity ratio | 84.2% | 69.0% | 75.6% | 78.3% | 71.4% | 74.2% | — |
| Interest coverage | 78.74x | 3566.78x | 943.30x | 4649.43x | 150.35x | 170.43x | — |
| Buybacks as a share of market value | 0.8% | -700.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -2.2% | 12.8% |
| Operating income | -59.7% | -33.6% | -10.1% |
| Net income | -50.3% | -27.2% | -4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.1% | 5.2% | 5.3% | 6.0% |
| Operating margin | 1.7% | 2.8% | 2.9% | 3.6% |
| Net margin | 1.8% | 2.7% | 2.6% | 2.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | — | 17.1 | 0.9 | 2.9 | 2.7 | 2.1 | 1.8 | 3.8 |
| Price to sales | 20.1 | 14.4 | 0.4 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jan 2024.
| FY2024 | |
|---|---|
| Paid in the year | 0.017 |
- 8-for-1 split · 19 Aug 2025
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.