APT Satellite Holdings Limited logo

APT Satellite Holdings Limited

1045.HK

HKSECommunication ServicesTelecommunications Services

Latest quote

HK$1.94

−HK$0.075 · -3.72%

Aug 24, 4:08 PM HKT

1045.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

As an investment holding company, APT Satellite Holdings Limited specializes in operating and delivering satellite communication services. Its primary activities encompass managing and supplying satellite transponder capacity, related support, and a comprehensive suite of satellite broadcasting and telecommunications solutions. The company leases C-band and Ku-band transponders to its broadcasting and telecommunications customers, in addition to providing satellite television broadcasting and multi-channel per carrier broadcast platforms. Furthermore, it offers teleport and network solutions, including both hub-based and single-channel per carrier options. Beyond its core satellite operations, APT Satellite provides data center services like rack space rental, server and equipment hosting, cloud management, IP gateway transit, and bespoke managed services. Over-The-Top (OTT) services are also part of its offerings. Operating APSTAR-5C, APSTAR-6C, APSTAR-7, and APSTAR-9 satellites, the company extends its footprint across Asia, Australia, the Middle East, Africa, Europe, and the Pacific region. The company further holds property assets and delivers management and project consultancy services. Founded in 1992 and headquartered in Tai Po, Hong Kong, APT Satellite Holdings Limited is a subsidiary of APT Satellite International Company Limited.

Industry
Telecommunications Services
Sector
Communication Services
Headquarters
HK
CEO
Hongbin Wang
Listed since
Dec 18, 1996
Employees
124

Market position

Day range

Current HK$1.94

52-week range

Current HK$1.94

Open
HK$2.00
Previous close
HK$2.015
Volume
2.21M
0.46× average
Average volume
4.81M
Average daily volume
Market cap
1.8B HKD
Beta
0.83
Market reference 1
50-day average
HK$2.2553
-13.98% below average
200-day average
HK$3.0142
-35.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.26B HKD
P/E (TTM)
13.48×
P/B (TTM)
0.29×
P/S (TTM)
2.51×
EV / EBITDA
4.53×
Earnings yield
5.49%
Free cash flow yield
15.20%
Dividend yield
4.38%

Profitability & efficiency

Gross margin
27.13%
Operating margin
9.32%
Net margin
18.65%
Return on equity
2.30%
Return on assets
2.04%
Return on invested capital
1.14%

Financial health

Debt / equity
0.02×
Current ratio
13.82×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%37%23%8%Gross margin, FY2021: 48.11%Gross margin, FY2022: 48.19%Gross margin, FY2023: 42.63%Gross margin, FY2024: 36.21%Gross margin, FY2025: 27.31%Operating margin, FY2021: 39.80%Operating margin, FY2022: 37.51%Operating margin, FY2023: 41.22%Operating margin, FY2024: 37.58%Operating margin, FY2025: 11.78%Net margin, FY2021: 28.39%Net margin, FY2022: 24.53%Net margin, FY2023: 28.50%Net margin, FY2024: 26.15%Net margin, FY2025: 19.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 48.11%. Gross margin FY2022 48.19%. Gross margin FY2023 42.63%. Gross margin FY2024 36.21%. Gross margin FY2025 27.31%. Operating margin FY2021 39.80%. Operating margin FY2022 37.51%. Operating margin FY2023 41.22%. Operating margin FY2024 37.58%. Operating margin FY2025 11.78%. Net margin FY2021 28.39%. Net margin FY2022 24.53%. Net margin FY2023 28.50%. Net margin FY2024 26.15%. Net margin FY2025 19.18%.

Income trends

Revenue

739.09M HKD-5.81%

Operating income

87.05M HKD-70.48%

Net income

141.79M HKD-30.91%
Income trends across reported periods1.03B HKD687.13M HKD344.23M HKD1.32M HKDRevenue, FY2021: 927.81M HKDRevenue, FY2022: 944.31M HKDRevenue, FY2023: 833.98M HKDRevenue, FY2024: 784.65M HKDRevenue, FY2025: 739.09M HKDOperating income, FY2021: 369.25M HKDOperating income, FY2022: 354.17M HKDOperating income, FY2023: 343.8M HKDOperating income, FY2024: 294.9M HKDOperating income, FY2025: 87.05M HKDNet income, FY2021: 263.38M HKDNet income, FY2022: 231.61M HKDNet income, FY2023: 237.65M HKDNet income, FY2024: 205.22M HKDNet income, FY2025: 141.79M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 927.81M HKD. Revenue FY2022 944.31M HKD. Revenue FY2023 833.98M HKD. Revenue FY2024 784.65M HKD. Revenue FY2025 739.09M HKD. Operating income FY2021 369.25M HKD. Operating income FY2022 354.17M HKD. Operating income FY2023 343.8M HKD. Operating income FY2024 294.9M HKD. Operating income FY2025 87.05M HKD. Net income FY2021 263.38M HKD. Net income FY2022 231.61M HKD. Net income FY2023 237.65M HKD. Net income FY2024 205.22M HKD. Net income FY2025 141.79M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue739.09M HKD784.65M HKD833.98M HKD944.31M HKD927.81M HKD
Cost of goods sold537.23M HKD500.52M HKD478.41M HKD489.26M HKD481.41M HKD
Gross profit201.86M HKD284.13M HKD355.57M HKD455.05M HKD446.4M HKD
Selling, general, and administrative114.81M HKD100.41M HKD99.85M HKD109.21M HKD120.34M HKD
Operating expenses114.81M HKD−10.77M HKD11.77M HKD100.88M HKD77.15M HKD
Interest income83.36M HKD108.79M HKD87.96M HKD28.31M HKD19.04M HKD
Interest expense4.11M HKD5.06M HKD5.77M HKD7.01M HKD6.19M HKD
Depreciation and amortization411M HKD387.22M HKD413.16M HKD418.42M HKD416.52M HKD
Operating income87.05M HKD294.9M HKD343.8M HKD354.17M HKD369.25M HKD
Net income141.79M HKD205.22M HKD237.65M HKD231.61M HKD263.38M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.11

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.190.160.120.09Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.13, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.154, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 0.144, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 23, 2023: actual 0.105, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 23, 2023: actual 0.127, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 12, 2024: actual 0.129, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.11, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 13, 2025: actual 0.112, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.32B987.96M660.51M333.07MQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 450.04M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 477.77M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 23, 2022: actual 498.4M HKD, estimate 1.25B HKD, surprise -60.03%, Miss. Q1 2023, reported Mar 23, 2023: actual 445.9M HKD, estimate 1.25B HKD, surprise -64.24%, Miss. Q3 2023, reported Aug 23, 2023: actual 419.73M HKD, estimate 1.25B HKD, surprise -66.34%, Miss. Q1 2024, reported Mar 12, 2024: actual 414.25M HKD, estimate 1.25B HKD, surprise -66.78%, Miss. Q3 2024, reported Aug 23, 2024: actual 391.84M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 13, 2025: actual 392.81M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.09

2025 complete year-60.9% since 2021

2026 partial: HK$0.06

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 2, 2026

HK$0.06

Semi-Annual

Record Sep 23, 2026 · Payment Oct 14, 2026

Dividend

Ex-dividend Sep 22, 2025

HK$0.025

Semi-Annual

Record Sep 23, 2025 · Payment Oct 14, 2025

Dividend

Ex-dividend Jun 2, 2025

HK$0.065

Semi-Annual

Record Jun 3, 2025 · Payment Jun 13, 2025

Dividend

Ex-dividend Sep 20, 2024

HK$0.045

Semi-Annual

Record Sep 23, 2024 · Payment Oct 14, 2024

Dividend

Ex-dividend May 31, 2024

HK$0.145

Semi-Annual

Record Jun 3, 2024 · Payment Jun 14, 2024

Dividend

Ex-dividend Sep 18, 2023

HK$0.05

Semi-Annual

Record Sep 20, 2023 · Payment Oct 11, 2023

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