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PATEO CONNECT Technology (Shanghai) Corporation logo

PATEO CONNECT Technology (Shanghai) Corporation

2889.HK

HKSETechnologySoftware - Application

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Latest quote

HK$167.9

−HK$2.10 · -1.24%

Aug 24, 11:01 AM HKT

2889.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

PATEO CONNECT Technology (Shanghai) Corporation develops smart cockpit solutions, vehicle connectivity support services, and products for OEMs and Tier-1 suppliers in China and Hong Kong. It also develops telematics terminals and cloud platforms. The company offers automotive electronic hardware, operating system software, voice AI and map integration, TSP service operations, PaaS and SaaS cloud services for vehicle payment, communication operations, and the CASE (connected, autonomous, shared, and electric) vehicle business model. smart cockpit solutions products include T-Box, cameras, microphones, speakers, wires, and antennas. vehicle connectivity support services, include user support services which assist OEMs to provide car owners with assistance, and platform maintenance services for vehicle connectivity platforms. The company has a strategic collaboration with Shanghai Jiao Tong University for the development of AI-based operating systems and embodied intelligence technologies. PATEO CONNECT Technology (Shanghai) Corporation was formerly known as Shanghai Pateo Electronic Equipment Manufacturing Co., Ltd. and changed its name to PATEO CONNECT Technology (Shanghai) Corporation in December 2021. PATEO CONNECT Technology (Shanghai) Corporation was founded in 2009 and is based in Shanghai, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Zhen Kai Ying
Listed since
Sep 30, 2025
Employees
2,119

Market position

Day range

Current HK$167.9

52-week range

Current HK$167.9

Open
HK$175
Previous close
HK$170
Volume
121.42K
0.14× average
Average volume
837.81K
Average daily volume
Market cap
23.88B HKD
Beta
2.48
Market reference 1
50-day average
HK$147.51
+13.82% above average
200-day average
HK$180.77
-7.12% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.35B CNY
P/E (TTM)
-19.04×
P/B (TTM)
9.55×
P/S (TTM)
5.92×
EV / EBITDA
-30.47×
Earnings yield
-3.86%
Free cash flow yield
-3.88%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
12.55%
Operating margin
-28.61%
Net margin
-31.10%
Return on equity
-49.47%
Return on assets
-18.24%
Return on invested capital
-21.68%

Financial health

Debt / equity
1.05×
Current ratio
1.48×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends28%2%-24%-50%Gross margin, FY2021: 21.29%Gross margin, FY2022: 14.05%Gross margin, FY2023: 15.45%Gross margin, FY2024: 11.77%Gross margin, FY2025: 12.37%Operating margin, FY2021: -43.32%Operating margin, FY2022: -34.99%Operating margin, FY2023: -23.67%Operating margin, FY2024: -14.43%Operating margin, FY2025: -28.86%Net margin, FY2021: -43.08%Net margin, FY2022: -37.13%Net margin, FY2023: -18.98%Net margin, FY2024: -21.17%Net margin, FY2025: -31.15%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.29%. Gross margin FY2022 14.05%. Gross margin FY2023 15.45%. Gross margin FY2024 11.77%. Gross margin FY2025 12.37%. Operating margin FY2021 -43.32%. Operating margin FY2022 -34.99%. Operating margin FY2023 -23.67%. Operating margin FY2024 -14.43%. Operating margin FY2025 -28.86%. Net margin FY2021 -43.08%. Net margin FY2022 -37.13%. Net margin FY2023 -18.98%. Net margin FY2024 -21.17%. Net margin FY2025 -31.15%.

Income trends

Revenue

3.42B CNY+33.71%

Operating income

−986.86M CNY-167.50%

Net income

−1.07B CNY-96.78%
Income trends across reported periods3.87B CNY2.07B CNY280.15M CNY−1.51B CNYRevenue, FY2021: 849.5M CNYRevenue, FY2022: 1.22B CNYRevenue, FY2023: 1.5B CNYRevenue, FY2024: 2.56B CNYRevenue, FY2025: 3.42B CNYOperating income, FY2021: −368.04M CNYOperating income, FY2022: −426.06M CNYOperating income, FY2023: −354.01M CNYOperating income, FY2024: −368.92M CNYOperating income, FY2025: −986.86M CNYNet income, FY2021: −365.94M CNYNet income, FY2022: −452.1M CNYNet income, FY2023: −283.89M CNYNet income, FY2024: −541.24M CNYNet income, FY2025: −1.07B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 849.5M CNY. Revenue FY2022 1.22B CNY. Revenue FY2023 1.5B CNY. Revenue FY2024 2.56B CNY. Revenue FY2025 3.42B CNY. Operating income FY2021 −368.04M CNY. Operating income FY2022 −426.06M CNY. Operating income FY2023 −354.01M CNY. Operating income FY2024 −368.92M CNY. Operating income FY2025 −986.86M CNY. Net income FY2021 −365.94M CNY. Net income FY2022 −452.1M CNY. Net income FY2023 −283.89M CNY. Net income FY2024 −541.24M CNY. Net income FY2025 −1.07B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.42B CNY2.56B CNY1.5B CNY1.22B CNY849.5M CNY
Cost of goods sold3B CNY2.26B CNY1.26B CNY1.05B CNY668.62M CNY
Gross profit422.95M CNY301M CNY231.09M CNY171.12M CNY180.88M CNY
Research and development369.51M CNY228.65M CNY249.76M CNY287.64M CNY274.05M CNY
Selling, general, and administrative1.04B CNY127.32M CNY116.28M CNY100.74M CNY274.87M CNY
Operating expenses1.41B CNY669.93M CNY585.1M CNY597.18M CNY548.92M CNY
Interest income—1.96M CNY1.76M CNY4.6M CNY2.31M CNY
Interest expense54.68M CNY44.07M CNY27.79M CNY27.11M CNY22.54M CNY
Depreciation and amortization80.22M CNY79.94M CNY60.44M CNY45.38M CNY37.55M CNY
Operating income−986.86M CNY−368.92M CNY−354.01M CNY−426.06M CNY−368.04M CNY
Net income−1.07B CNY−541.24M CNY−283.89M CNY−452.1M CNY−365.94M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
-7.49
FY2025
Latest fiscal-year revenue
3.42B CNY
FY2025 · +33.71% year over year
Next fiscal-year EPS consensus
-0.895
FY2026 · 2 analysts
Next fiscal-year revenue consensus
6.02B CNY
FY2026 · 4 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend2.94-0.85-4.65-8.44FY21FY22FY23FY24FY25FY26FY27

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend12.61B8.33B4.06B-219.35MFY21FY22FY23FY24FY25FY26FY27

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ETFs holding 2889.HK

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - Internet of Things ETF logoGlobal X - Internet of Things ETFSNSR
Market value
1.09M
Weight
0.52%
AUM
207.79M USD
Expense ratio
0.68%
Price / 1D
$47.2542+0.48%
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund logoFlexShares Morningstar Emerging Markets Factor Tilt Index FundTLTE
Market value
37.29K
Weight
0.01%
AUM
355.5M USD
Expense ratio
0.58%
Price / 1D
$77.00+1.00%
State Street SPDR S&P China ETF logoState Street SPDR S&P China ETFGXC
Market value
13.02K
Weight
0.00%
AUM
474.65M USD
Expense ratio
0.59%
Price / 1D
$91.50+0.51%

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