1. Hong Kong Stocks

  2. •

    Distribution services

  3. •

    Electronics distributors
S.A.S. Dragon Holdings Limited

S.A.S. Dragon Holdings Limited

HHKEX:1184
6.75
HKD
-0.52
(-7.15%)
2.82BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
19.82
17.75
18.04
16.56
31.15
40.38
29.41
32.22
56.4
39.9
35.75
44.35
48.79
- -
Basic EPS, GAAP
0.32
0.24
0.13
0.32
0.49
0.5
0.38
0.42
1.14
0.64
0.65
0.8
0.89
- -
Free Cash Flow per Basic Share
0.41
-1.21
0.65
-0.77
-1.2
1.27
2.1
0.5
0.54
1.56
1.65
0.88
1.27
- -
Dividend per Share
0.09
0.15
0.11
0.08
0.16
0.2
0.2
0.22
0.32
0.4
0.35
0.4
0.4
- -
Book Value per Share
1.44
1.41
1.41
1.68
2.1
2.45
2.59
2.97
3.82
3.93
4.21
4.57
5.09
5.09
Tangible Book Value per Share
1.38
1.38
1.38
1.66
2.09
2.44
2.58
2.94
3.8
3.9
4.19
4.55
5.06
5.06
Basic Weighted Avg Shares
545
598
624
624
625
626
626
626
626
626
626
626
626
626
Sales/Revenue/Turnover
10,798
10,605
11,262
10,340
19,462
25,274
18,403
20,164
35,298
24,969
22,371
27,757
30,536
- -
Operating Margin (%)
2.09
1.81
1.59
1.96
2.11
2.03
2.66
2.5
3.2
3.45
4.05
3.74
3.06
- -
Depreciation Expense
17
17
17
16
16
22
50
61
47
46
45
36
35
- -
Net Income, GAAP
172
145
81
202
303
313
236
262
713
400
404
501
557
- -
Effective Tax Rate (%)
14.38
15.31
22.53
12.67
15.91
19.6
21.61
16.59
16.58
16.93
18.23
16.47
14.91
- -
Profit Margin (%)
1.59
1.37
0.72
1.95
1.56
1.24
1.28
1.3
2.02
1.6
1.81
1.81
1.82
- -
Working Capital
392
449
111
236
198
436
611
845
1,621
1,924
1,708
2,000
2,511
2,511
LT Debt
- -
- -
- -
202
48
310
308
261
234
217
104
- -
- -
- -
Total Equity
878
1,001
1,001
1,138
1,454
1,690
1,835
2,124
2,843
3,010
2,829
3,084
3,559
3,559
Return on Invested Capital (%)
11.13
7.02
4.46
6.6
8.39
8.97
7.66
9.83
19.02
13.17
15.37
16.03
12.45
- -
Return on Capital (%)
8.79
5.38
3.1
6.93
8.17
8.21
5.12
5.28
11.14
5.69
6.89
8.28
7.77
- -
Return on Common Equity (%)
24.67
17.7
9.13
20.92
25.63
21.97
14.98
15.06
33.59
16.52
15.85
18.23
18.41
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
2,386
2,665
2,677
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
626
626
626
Market Capitalization
2,616
2,547
2,823

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
9,154
- -
9,844
Cash, Cash Equivalents & STI
3,054
4,577
3,873
Accounts Receivable, Net
2,861
2,504
4,188
Inventories
3,062
2,093
1,568
Total Current Liabilities
7,154
7,100
7,333
Payables & Accruals
- -
- -
- -
ST Debt
2,386
2,665
2,677
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.02%
11.62%
15.39%
Free Cash Flow
-17.7%
40.37%
44.87%
Net Income, GAAP
35.49%
32.9%
11.07%
Sales/Revenue/Turnover
16.18%
13.89%
10.01%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
22,371
2024
- -
- -
27,757
2025
- -
- -
30,536

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.65
2024
- -
- -
0.8
2025
- -
- -
0.89

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.35
2024
- -
- -
0.4
2025
- -
- -
0.4

Company Description

Company Profile APIChatGPT
CEO
Yuk Lun Yim
Full Time Employees
500
Sector
Distribution services
Industry
Electronics distributors
Address
S.A.S. Tower Hong Kong Hong Kong
IPO Date
Oct 17, 1994
Website
sasdragon.com.hk
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Business
S.A.S. Dragon Holdings Limited specializes in electronic supply chain services, including design, development, sourcing, quality assurance, and logistics management of a broad range of electronic components and semiconductor products. Its core product categories encompass chipset solutions, display panels, memory chips (DRAM, SDRAM, DDR, NOR Flash), power supply system solutions, multimedia system solutions, PEMCO, IoT home automation solutions, LED lighting solutions, connectivity components such as antennas, connectors, and cables, audio and video devices, sensors, controllers, and smart devices such as smartphones and smartwatches. The company also engages in ancillary services such as contract works for LED lighting and display products and distributes business equipment. Additionally, it invests in commercial and industrial properties. S.A.S. Dragon markets lifestyle products under the SHARP, Light in Motion, and LIM InfraSystems brands. Its operations span Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and other international markets. Founded in 1981, it is headquartered in Kwai Chung, Hong Kong. The company’s recent major changes include entering into a Conditional Master Agreement with Hon Hai Group in September 2024, which governs the sale and purchase of electronic components and distribution of brand products under Hon Hai for the 2025-2027 period. This agreement represents a significant strategic alliance to strengthen its supply chain and distribution capacity. In 2024, S.A.S. Dragon acquired control over V & V Technology, marked by the appointment of Ms. Carmen Yim as a non-executive director of V & V Technology, expanding its portfolio and operational scope. The company has also been recognized for its long-term cooperation with SK Hynix Semiconductor (Wuxi) Co., Ltd., highlighting enduring partnerships in the semiconductor sector. S.A.S. Dragon continues to expand its electronic distribution business in China with branch offices established in Shenzhen and Shanghai, enhancing its presence in the mainland market. Overall, S.A.S. Dragon Holdings Limited operates within the electronic equipment and semiconductor distribution industry, serving a diverse client base including semiconductor suppliers, electronics manufacturing services providers, original equipment manufacturers, original design manufacturers, value-added resellers, retailers, and end customers across multiple regions.