Pangaea Connectivity Technology Limited

Pangaea Connectivity Technology Limited

HHKEX:1473
1.17
HKD
-0.08
(-6.43%)
509.82MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.84
0.87
0.97
1.99
1.22
1.2
1.38
2.15
2.01
- -
Basic EPS, GAAP
0.03
0.03
0.03
0.06
- -
-0.03
-0.03
0.03
0.04
- -
Free Cash Flow per Basic Share
-0.01
- -
0.05
0.08
-0.03
-0.02
0.1
0.03
- -
- -
Dividend per Share
- -
0.01
0.02
0.03
0.01
- -
- -
- -
0.01
- -
Book Value per Share
0.09
0.11
0.12
0.27
0.27
0.25
0.22
0.25
0.26
0.26
Tangible Book Value per Share
0.09
0.11
0.12
0.27
0.27
0.25
0.21
0.24
0.26
0.26
Basic Weighted Avg Shares
1,000
1,000
1,000
777
1,000
1,000
1,000
988
1,111
1,099
Sales/Revenue/Turnover
843
871
971
1,549
1,224
1,199
1,384
2,128
2,230
- -
Operating Margin (%)
5.66
6.28
5.63
4.96
1.37
-0.66
-0.7
2.79
2.88
- -
Depreciation Expense
5
8
9
9
10
10
10
13
15
- -
Net Income, GAAP
35
28
33
50
4
-31
-29
31
42
- -
Effective Tax Rate (%)
14.05
20.14
22.57
21.27
63.74
- -
- -
19.3
15.7
- -
Profit Margin (%)
4.14
3.17
3.45
3.24
0.31
-2.62
-2.11
1.43
1.86
- -
Working Capital
34
52
66
213
196
162
135
157
233
233
LT Debt
4
2
1
4
2
- -
4
4
3
3
Total Equity
88
109
122
268
275
249
218
244
310
310
Return on Invested Capital (%)
- -
11.99
10.14
13.19
1.09
- -
- -
9.28
9.02
- -
Return on Capital (%)
- -
11.36
11.66
13.72
1.52
- -
- -
10.5
9.88
- -
Return on Common Equity (%)
- -
28.03
28.98
25.72
1.38
-12
-12.54
13.21
15
- -

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
303
186
337
LT Borrowings
- -
- -
- -
LT Finance Leases
4
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
973
1,172
1,172
Market Capitalization
161
527
510

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
745
716
928
Cash, Cash Equivalents & STI
64
76
97
Accounts Receivable, Net
387
349
471
Inventories
136
144
187
Total Current Liabilities
588
511
695
Payables & Accruals
- -
- -
- -
ST Debt
303
186
337
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
3.91%
27.02%
Free Cash Flow
- -
-185.72%
-115.97%
Net Income, GAAP
- -
-241.63%
36.15%
Sales/Revenue/Turnover
- -
10.19%
4.77%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,384
2025
- -
- -
2,128
2026
- -
- -
2,230

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.03
2025
- -
- -
0.03
2026
- -
- -
0.04

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.01

Company Description

CEO
Yui Kong Fung
Full Time Employees
130
Sector
Distribution services
Industry
Electronics distributors
Address
Room 902-906, Tai Yau Building Hong Kong Hong Kong
IPO Date
Feb 19, 2021
Business
Pangaea Connectivity Technology Limited (1473.HK) is an investment holding company primarily engaged in the import, export, sale, and distribution of telecommunications and data communication connectivity products in Hong Kong, Mainland China, and internationally. Founded in 1990 and headquartered in Wan Chai, Hong Kong, the company operates through four main segments: Telecom Infrastructure, which supplies integrated circuits, receivers, transmitters, lasers, amplifiers, diodes, switches, modulators, wavelength selective switches, optical transceivers, and related components for telecommunications infrastructures; Data Centers, offering integrated circuits, lasers, avalanche photodiodes, and other components used in data center applications; Internet of Things (IoT) and Network Connectivity Products, providing amplifiers, switches, front-end modules, and components for wireless metering, smart home gateways, and connectivity solutions; and Commercial Laser, distributing diodes, modulators, industrial lasers, and related products. Its product portfolio further encompasses wireless and microwave products including amplifiers, circulators, isolators, clocks, timing devices, control products, diodes, frequency converters, generators, GaAs/GaN transistors, RF power products, switches, and passives; optical telecom products such as ROADMs, wavelength management systems, photonics pico integrated tunable laser assemblies, and optical ICs; commercial and industrial lasers; and network testers, serving communications module manufacturers, network system equipment providers, IoT solution providers, data center operators, and distributors across applications in artificial intelligence of things, wired broadband/CATV, high-performance computing, healthcare systems like MRI, radio systems, satellite communications, RF test and measurement, wi-fi, and timing solutions for infrastructure. The company, a subsidiary of Generous Horizon Limited, also provides agency, consultancy, technical design support, and application services including solution identification, multiple function integration, and analysis throughout customers' design and production cycles, with operations supported by approximately 114-121 employees and an application laboratory in Shenzhen led by microwave expert Mr. Jun Fukaya. In recent developments, Pangaea Connectivity Technology Limited entered into a memorandum of understanding with Mile Green Company Limited on 26 August 2025 to explore joint investment opportunities in a real-world assets (RWA) ecosystem leveraging blockchain technology and tokenization, aiming to integrate its AI, IoT, AIoT, and digitalization solutions while potentially upgrading affiliates' WiFi systems and power generation facilities; this collaboration positions the company to enter the Web3 space amid Hong Kong's supportive regulatory framework for stablecoins and cryptocurrencies. The company reported half-year results for the period ended 30 September 2025, with sales of HKD 1,054.41 million, up from HKD 1,020.76 million the prior year, and net income of HKD 15.45 million versus HKD 14.58 million, alongside basic and diluted earnings per share of HKD 0.0151; these figures reflect sustained growth in its core connectivity segments amid expansions into AI-enhanced semiconductors, green initiatives like industrial laser technologies for solar photovoltaic panels, WiFi-6 and beyond, and intelligent networking for digital transformation. Pangaea continues to prioritize sustainability, artificial intelligence integration, and emerging markets such as Southeast Asia's 5G infrastructure partnerships, reinforcing its role as a frontrunner in telecom and datacom connectivity evolution.