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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$79.3m
FY2016FY2025
Net income
−HK$345.4m
FY2016FY2025
Free cash flow
HK$11.6m
FY2016FY2025
Shareholders' equity
HK$433.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$79.3m | HK$97.3m | HK$118.8m | HK$148.9m | HK$223.7m | HK$425.5m | HK$1.72bn | HK$1.26bn | HK$518.8m | HK$201.3m |
| Operating income | HK$71.9m | −HK$37.5m | −HK$32.1m | HK$75.0m | HK$47.4m | HK$6.7m | HK$48.3m | HK$80.1m | HK$1.9m | −HK$35.8m |
| Net income | −HK$345.4m | −HK$381.8m | −HK$378.6m | −HK$334.1m | −HK$178.9m | −HK$130.1m | HK$18.9m | −HK$77.9m | HK$1.3m | HK$157.7m |
| Diluted earnings per share | -0.30 | -0.33 | -0.32 | -0.27 | -0.58 | -0.42 | 0.05 | -0.55 | 0.02 | 3.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$3.12bn | HK$3.59bn | HK$4.43bn | HK$5.57bn | HK$5.28bn | HK$4.69bn | HK$5.22bn | HK$5.15bn | HK$3.58bn | HK$3.15bn |
| Cash and short-term investments | HK$5.5m | HK$7.6m | HK$90.3m | HK$42.6m | HK$29.2m | HK$25.4m | HK$83.1m | HK$193.1m | HK$96.0m | HK$49.0m |
| Total liabilities | HK$2.69bn | HK$2.77bn | HK$3.08bn | HK$3.66bn | HK$3.17bn | HK$2.96bn | HK$3.20bn | HK$3.38bn | HK$2.43bn | HK$2.46bn |
| Debt | HK$1.80bn | HK$1.75bn | HK$1.98bn | HK$2.14bn | HK$2.30bn | HK$2.26bn | HK$2.50bn | HK$2.60bn | HK$1.57bn | HK$1.47bn |
| Shareholders' equity | HK$433.8m | HK$821.5m | HK$1.35bn | HK$1.91bn | HK$2.12bn | HK$1.73bn | HK$2.02bn | HK$1.77bn | HK$1.15bn | HK$697.8m |
| Shares outstanding | 1,169m | 1,169m | 1,169m | 1,169m | 309m | 304m | 284m | 141m | 66m | 50m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | HK$11.8m | HK$191.7m | HK$49.6m | HK$53.0m | −HK$82.5m | HK$64.4m | −HK$136.2m | −HK$165.0m | −HK$73.8m | −HK$109.6m |
| Capital spending | −HK$195,000 | −HK$1.3m | −HK$23.8m | −HK$9.3m | −HK$18.9m | −HK$40.7m | −HK$8.6m | −HK$3.1m | −HK$2.4m | −HK$1.4m |
| Free cash flow | HK$11.6m | HK$190.4m | HK$25.8m | HK$43.7m | −HK$101.4m | HK$23.7m | −HK$144.8m | −HK$168.1m | −HK$76.1m | −HK$111.0m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$35.7m | HK$34.9m | HK$44.4m | HK$50.1m | HK$47.2m | HK$49.8m | HK$62.7m | HK$148.9m |
| Operating income | HK$3.3m | HK$72.7m | −HK$759,000 | −HK$34.8m | −HK$2.7m | −HK$37.5m | HK$6.1m | HK$45.4m |
| Net income | −HK$120.2m | −HK$116.5m | −HK$228.9m | −HK$276.0m | −HK$105.7m | −HK$216.7m | −HK$161.9m | −HK$334.1m |
| Diluted earnings per share | -0.10 | -0.10 | -0.20 | -0.24 | -0.09 | -0.18 | -0.13 | -0.27 |
| Total assets | HK$3.11bn | HK$3.12bn | HK$3.50bn | HK$3.59bn | HK$3.90bn | HK$4.43bn | HK$4.39bn | HK$5.57bn |
| Cash and short-term investments | HK$4.8m | HK$5.5m | HK$7.6m | HK$7.6m | HK$25.4m | HK$90.3m | HK$21.8m | HK$42.6m |
| Debt | HK$261.8m | HK$1.23bn | HK$429.8m | HK$459.3m | HK$307.0m | HK$406.1m | HK$841.9m | HK$957.1m |
| Shareholders' equity | HK$341.4m | HK$433.8m | HK$640.5m | HK$821.5m | HK$1.11bn | HK$1.35bn | HK$1.45bn | HK$1.91bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -18.9% | -28.5% | -10.8% |
| Operating income | -1.4% | 60.8% | — |
| Net income | 1.1% | 21.6% | 15.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 19.5% | 17.4% | 12.0% | 4.1% |
| Net margin | -411.8% | -324.1% | -159.9% | -34.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | 3.1 | -0.4 | 12.2 | 0.1 |
| Price to sales | 0.5 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jan 2009.
| FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2002 | FY2001 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.672 | 1.641 | 1.18 | 0.315 | 0.125 | 0.004 | 1.345 |
- 5-to-1 reverse split · 19 Feb 2021
- 25-to-1 reverse split · 28 Mar 2017
- 8-for-1 split · 10 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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