- Business
- Sandmartin International Holdings Limited (0482.HK), an investment holding company incorporated in Bermuda and listed on The Stock Exchange of Hong Kong, manufactures and trades satellite TV equipment and other electronic goods through three main segments: Media Entertainment Platform Related Products, including digital TV receivers, front-end components and media entertainment platforms primarily for satellite equipment; Other Multimedia Products, such as cable lines, multimedia accessories, wireless mobile phone chargers for vehicles and components of audio/video electronic products; and Satellite TV Equipment and Antenna Products, encompassing low noise block downconverters (LNBs), antennas and related electronic products. Founded in 1987 in Taipei and headquartered at Unit 516, 5th Floor, Peninsula Centre, Kowloon, Hong Kong, the company operates manufacturing facilities in Zhongshan, China (Zhongshan Sandmartin Electronic Components Co., Ltd., covering 130,000 square meters with 1,200 employees), Vietnam (AOMAGA (VIET NAM) ELECTRONIC COMPANY LIMITED, established 2018, 35,000 square meters, 380 employees) and India (VIVAAN ELECTRONIC TECHNOLOGY PRIVATE LTD., established 2016, 35,000 square meters, 250 employees), with branches in the United States, Germany and Spain, serving customers across Asia (36% of 2024 revenue), North America (46%), Europe (13%), Middle East (2%), South America (3%) and other regions through partnerships with distributors and system integrators. Since 2011, the company has expanded into operator businesses, forming mutual assistance relationships with local administrative units, financial groups and telecommunications operators, while progressively outsourcing production to Southeast Asia since 2018 to mitigate China-US trade war tariffs; in July 2023, it entered a joint venture agreement with Guangdong Huasuan International Industrial Park Investment Development Co., Ltd. to redevelop its Zhongshan industrial land into a precision intelligent manufacturing center and research and development innovation hub for leasing and sale, with the project ongoing as of 2024; for the year ended December 31, 2024, group revenue rose 15% to HK$648.7 million driven by 74% growth in media entertainment products and gains from investment properties, though overall profit margins declined to 9.9% amid higher material costs, chip shortages and finance costs, resulting in a HK$58.5 million net loss and continued trading suspension from April 1, 2025 pending redevelopment updates.