Pangaea Connectivity Technology Limited logo

Pangaea Connectivity Technology Limited

1473.HK

HKSETechnologyCommunication Equipment

Latest quote

HK$1.225

−HK$0.065 · -5.04%

Aug 24, 2:04 PM HKT

1473.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Pangaea Connectivity Technology Limited, an investment holding entity, focuses on the global distribution, import, and export of essential telecommunications and data communications connectivity products. Operating across Hong Kong, mainland China, and various international markets, the company provides a wide spectrum of solutions. These include wireless and microwave components like amplifiers, circulators, diverse integrated circuits, and RF power products, alongside advanced optical telecom equipment such as ROADMs and tunable transceivers, optical ICs, photonics, and commercial lasers. Furthermore, Pangaea supplies cutting-edge Artificial Intelligence of Things (AIoT) technologies, components for wired broadband/CATV systems (e.g., amplifiers and filters), and specialized products for Magnetic Resonance Imaging (MRI) and other healthcare applications. Its offerings also span industrial components, radio systems, RF test and measurement equipment, satellite communications, general wireless telecom products, and Wi-Fi infrastructure. In addition to product provision, the company delivers expert consultancy services and engages in the trade of connectivity goods. Its varied customer base comprises communications module manufacturers, network system equipment providers, developers of IoT and connectivity solutions, and other distributors. Established in 1990 and headquartered in Wan Chai, Hong Kong, Pangaea Connectivity Technology Limited is a subsidiary of Generous Horizon Limited.

Industry
Communication Equipment
Sector
Technology
Headquarters
HK
CEO
Yui Kong Fung
Listed since
Feb 19, 2021
Employees
129

Market position

Day range

Current HK$1.225

52-week range

Current HK$1.225

Open
HK$1.325
Previous close
HK$1.29
Volume
4.73M
0.76× average
Average volume
6.21M
Average daily volume
Market cap
1.44B HKD
Beta
1.43
Market reference 1
50-day average
HK$1.397
-12.31% below average
200-day average
HK$0.7599
+61.21% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
611.17M HKD
P/E (TTM)
32.75×
P/B (TTM)
4.63×
P/S (TTM)
0.65×
EV / EBITDA
7.72×
Earnings yield
8.60%
Free cash flow yield
-4.50%
Dividend yield
0.82%

Profitability & efficiency

Gross margin
10.56%
Operating margin
2.70%
Net margin
1.86%
Return on equity
13.40%
Return on assets
4.12%
Return on invested capital
8.37%

Financial health

Debt / equity
1.1×
Current ratio
1.34×
Altman Z-score
6.53
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13%8%2%-4%Gross margin, FY2021: 11.90%Gross margin, FY2022: 9.89%Gross margin, FY2023: 8.46%Gross margin, FY2024: 10.39%Gross margin, FY2025: 10.24%Operating margin, FY2021: 1.49%Operating margin, FY2022: -0.67%Operating margin, FY2023: -0.83%Operating margin, FY2024: 2.79%Operating margin, FY2025: 2.90%Net margin, FY2021: 0.31%Net margin, FY2022: -2.62%Net margin, FY2023: -2.11%Net margin, FY2024: 1.43%Net margin, FY2025: 1.86%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.90%. Gross margin FY2022 9.89%. Gross margin FY2023 8.46%. Gross margin FY2024 10.39%. Gross margin FY2025 10.24%. Operating margin FY2021 1.49%. Operating margin FY2022 -0.67%. Operating margin FY2023 -0.83%. Operating margin FY2024 2.79%. Operating margin FY2025 2.90%. Net margin FY2021 0.31%. Net margin FY2022 -2.62%. Net margin FY2023 -2.11%. Net margin FY2024 1.43%. Net margin FY2025 1.86%.

Income trends

Revenue

2.23B HKD+4.77%

Operating income

64.58M HKD+8.60%

Net income

41.55M HKD+36.15%
Income trends across reported periods2.46B HKD1.55B HKD646.97M HKD−257.52M HKDRevenue, FY2021: 1.22B HKDRevenue, FY2022: 1.2B HKDRevenue, FY2023: 1.38B HKDRevenue, FY2024: 2.13B HKDRevenue, FY2025: 2.23B HKDOperating income, FY2021: 18.28M HKDOperating income, FY2022: −8.03M HKDOperating income, FY2023: −11.45M HKDOperating income, FY2024: 59.47M HKDOperating income, FY2025: 64.58M HKDNet income, FY2021: 3.74M HKDNet income, FY2022: −31.4M HKDNet income, FY2023: −29.26M HKDNet income, FY2024: 30.52M HKDNet income, FY2025: 41.55M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.22B HKD. Revenue FY2022 1.2B HKD. Revenue FY2023 1.38B HKD. Revenue FY2024 2.13B HKD. Revenue FY2025 2.23B HKD. Operating income FY2021 18.28M HKD. Operating income FY2022 −8.03M HKD. Operating income FY2023 −11.45M HKD. Operating income FY2024 59.47M HKD. Operating income FY2025 64.58M HKD. Net income FY2021 3.74M HKD. Net income FY2022 −31.4M HKD. Net income FY2023 −29.26M HKD. Net income FY2024 30.52M HKD. Net income FY2025 41.55M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue2.23B HKD2.13B HKD1.38B HKD1.2B HKD1.22B HKD
Cost of goods sold2B HKD1.91B HKD1.27B HKD1.08B HKD1.08B HKD
Gross profit228.37M HKD221.11M HKD117.08M HKD118.57M HKD145.66M HKD
Research and development10.68M HKD9.35M HKD9.63M HKD11.37M HKD11.62M HKD
Selling, general, and administrative153.11M HKD161.64M HKD126.77M HKD138.29M HKD138.75M HKD
Operating expenses163.79M HKD161.64M HKD138.15M HKD126.6M HKD127.39M HKD
Interest income4.34M HKD5.09M HKD5.45M HKD2M HKD443K HKD
Interest expense21.09M HKD30.98M HKD28.59M HKD27.6M HKD15.03M HKD
Depreciation and amortization14.56M HKD12.53M HKD10.37M HKD10.3M HKD9.79M HKD
Operating income64.58M HKD59.47M HKD−11.45M HKD−8.03M HKD18.28M HKD
Net income41.55M HKD30.52M HKD−29.26M HKD−31.4M HKD3.74M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.02

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.060.01-0.03-0.08Q1 '22Q3 '22Q1 '23Q3 '23Q3 '24Q3 '24Q1 '25Q3 '25
Q1 2022, reported Mar 31, 2022: actual 0.002, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Sep 30, 2022: actual 0.004, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual -0.035, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 30, 2023: actual -0.014, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual -0.015, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 0.015, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.016, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 0.015, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.15B926.1M697.42M468.74MQ1 '22Q3 '22Q1 '23Q3 '23Q3 '24Q3 '24Q1 '25Q3 '25
Q1 2022, reported Mar 31, 2022: actual 564.67M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Sep 30, 2022: actual 682.45M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 516.06M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 30, 2023: actual 600.25M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 783.76M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 30, 2024: actual 1.02B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 1.11B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 1.05B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.01

2025 complete year-23.1% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Aug 25, 2026

HK$0.015

Annual

Record Aug 27, 2026 · Payment Sep 21, 2026

Dividend

Ex-dividend Aug 26, 2025

HK$0.01

Irregular

Record Aug 27, 2025 · Payment Sep 22, 2025

Dividend

Ex-dividend Aug 30, 2021

HK$0.013

Special

Record Aug 31, 2021 · Payment Oct 4, 2021

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