Sandmartin International Holdings Limited

Sandmartin International Holdings Limited

HHKEX:482
0.41
HKD
+0.00
(-1.22%)
86.13MMarket Cap
2014 Y
2015 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
151.11
143.69
129.29
107.67
57.21
47.32
28.44
22.99
20.2
13.82
5.97
- -
3.33
- -
Basic EPS, GAAP
-9.21
-23.43
-8.19
-4.64
-3.92
-6.94
-8.38
-0.34
-0.55
-1.44
-1.35
- -
-0.85
- -
Free Cash Flow per Basic Share
-9.59
-7.41
-15.65
-17.74
-7.36
-8.17
-0.33
1.81
-0.02
-0.02
-0.96
- -
0.1
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
60.26
- -
25.05
21.7
12.87
8.71
0.12
0.38
0.99
-0.46
-0.43
- -
-1.19
-1.19
Tangible Book Value per Share
54.48
- -
22.52
12.68
9.4
8.06
-0.38
0.01
0.77
-0.68
-0.7
- -
-1.22
-1.22
Basic Weighted Avg Shares
11
11
13
17
27
27
38
38
46
54
94
135
135
683
Sales/Revenue/Turnover
1,664
1,582
1,628
1,802
1,545
1,278
1,071
864
926
746
562
- -
450
- -
Operating Margin (%)
-4.03
-3.46
-5.29
-3.3
-11.79
-4.96
-41.12
-6.71
-6.33
-6.45
-14.86
- -
-31.61
- -
Depreciation Expense
31
- -
35
33
34
31
27
24
19
17
17
- -
19
- -
Net Income, GAAP
-101
-258
-103
-78
-106
-187
-315
-13
-25
-78
-127
- -
-115
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-6.1
-16.3
-6.34
-4.31
-6.85
-14.67
-29.47
-1.46
-2.75
-10.4
-22.52
- -
-25.48
- -
Working Capital
246
- -
-29
-200
-62
-269
-219
-253
-6
-179
12
- -
-325
-325
LT Debt
18
- -
13
10
9
10
19
34
242
96
334
- -
171
171
Total Equity
717
- -
382
282
317
34
62
54
95
13
-37
- -
-208
-208
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-15.05
- -
- -
-21.47
-24.58
-46.14
-189.74
-132.54
-72.97
- -
- -
- -
- -
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
- -
221
215
LT Borrowings
- -
133
144
LT Finance Leases
- -
41
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
135
135
Market Capitalization
95
110
86

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
- -
472
312
Cash, Cash Equivalents & STI
- -
79
77
Accounts Receivable, Net
- -
98
97
Inventories
- -
57
39
Total Current Liabilities
- -
743
637
Payables & Accruals
- -
- -
- -
ST Debt
- -
221
215
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
562
2024
- -
- -
- -
2025
- -
- -
450

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-1.35
2024
- -
- -
- -
2025
- -
- -
-0.85

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Mei Huei Chen
Full Time Employees
856
Sector
Electronic technology
Industry
Telecommunications equipment
Address
Peninsula Centre Hong Kong Hong Kong
IPO Date
May 12, 2005
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.