M 
3.74
+1.63%
Close of 9 Nov 2026, in USD
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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$459.1m
FY2015FY2025
Net income
−HK$52.5m
FY2015FY2025
Free cash flow
−HK$14.0m
FY2015FY2025
Shareholders' equity
HK$47.4m
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Revenue | HK$459.1m | HK$504.0m | HK$499.5m | HK$456.7m | HK$1.43bn | HK$1.08bn | HK$785.6m |
| Gross profit | HK$142.2m | HK$171.5m | HK$337.7m | HK$295.6m | HK$1.02bn | HK$744.1m | HK$497.4m |
| Research and development | HK$7.0m | HK$5.9m | HK$7.3m | HK$6.3m | HK$279.5m | HK$235.1m | HK$178.7m |
| Operating income | −HK$32.3m | −HK$5.8m | HK$85.8m | HK$43.4m | −HK$112.0m | −HK$165.4m | −HK$269.3m |
| Net income | −HK$52.5m | HK$32.9m | HK$3.0m | HK$33.4m | −HK$115.4m | −HK$178.2m | −HK$279.7m |
| Diluted earnings per share | -3.06 | 1.94 | 0.18 | 1.95 | -2.43 | -3.75 | -10.63 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Total assets | HK$304.0m | HK$308.3m | HK$456.1m | HK$455.9m | HK$2.35bn | HK$1.11bn | HK$1.10bn |
| Cash and short-term investments | HK$147.7m | HK$117.3m | HK$187.6m | HK$196.3m | HK$1.81bn | HK$666.0m | HK$723.9m |
| Total liabilities | HK$256.6m | HK$279.8m | HK$366.0m | HK$422.7m | HK$385.4m | HK$324.7m | HK$276.1m |
| Debt | HK$211.2m | HK$188.3m | HK$193.4m | HK$262.2m | HK$130.8m | HK$124.3m | HK$128.7m |
| Shareholders' equity | HK$47.4m | HK$28.5m | HK$90.1m | HK$33.2m | HK$1.97bn | HK$788.4m | HK$819.8m |
| Shares outstanding | 17m | 17m | 17m | 17m | 47m | 47m | 26m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$12.6m | HK$60.2m | HK$83.8m | HK$141.0m | HK$86.7m | −HK$30.2m | −HK$144.0m |
| Capital spending | −HK$1.4m | −HK$12.0m | −HK$44.5m | −HK$32.5m | −HK$53.5m | −HK$66.6m | −HK$76.9m |
| Free cash flow | −HK$14.0m | HK$48.2m | HK$39.3m | HK$108.5m | HK$33.2m | −HK$96.8m | −HK$220.8m |
| Dividends paid | — | — | — | — | — | — | −HK$13.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$228.0m | HK$232.3m | HK$230.6m | HK$259.0m | HK$504.0m | HK$244.0m | HK$274.9m | HK$256.9m |
| Gross profit | HK$9.6m | HK$14.6m | HK$138.5m | HK$34.2m | HK$321.9m | HK$18.4m | HK$24.8m | HK$31.5m |
| Operating income | −HK$5.4m | −HK$17.6m | −HK$20.8m | HK$9.1m | −HK$4.0m | −HK$12.0m | −HK$3.4m | HK$7.4m |
| Net income | −HK$20.6m | −HK$32.1m | −HK$31.9m | −HK$7.3m | HK$32.9m | HK$40.1m | −HK$21.6m | −HK$15.8m |
| Diluted earnings per share | -1.20 | -1.87 | -2.00 | -0.42 | 2.56 | 2.36 | -1.27 | -0.93 |
| Total assets | HK$304.0m | HK$329.1m | HK$329.1m | HK$308.3m | HK$308.3m | HK$321.0m | HK$456.1m | — |
| Cash and short-term investments | HK$147.7m | HK$169.9m | — | HK$117.3m | — | HK$124.5m | HK$187.6m | — |
| Debt | HK$93.6m | HK$98.9m | HK$86.8m | HK$124.0m | HK$28.0m | HK$159.2m | HK$154.4m | — |
| Shareholders' equity | HK$47.4m | HK$68.1m | HK$68.1m | HK$28.5m | HK$28.5m | HK$35.8m | HK$90.1m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | -15.7% | — |
| Operating income | — | -27.9% | — |
| Net income | — | -21.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.6% | 49.3% | 61.3% | — |
| Operating margin | -4.0% | 4.7% | -4.2% | — |
| Net margin | -2.0% | 0.9% | -6.3% | — |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | -18.3 |
| Price to sales | 2.1 |
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 479% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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