Time Interconnect Technology Limited (1729) AI Stock Analysis

• Market Cap: HK$32.29B
• Dividend Yield: 0.18%
• Average Volume (3M): 10.94M
• Price to Earnings (P/E): 56.5
• Beta (1Y): 0.83
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 6,031
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): N/A
• Shares Outstanding: 1,981,171,400
• 10 Day Avg. Volume: 10,200,823
• 30 Day Avg. Volume: 10,935,441
• PEG Ratio: 0.86
• Price to Book (P/B): 4.63
• Price to Sales (P/S): 1.11
• P/FCF Ratio: 9.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: HK$17.00 ▲(4.29% Upside)

The overall stock score is primarily influenced by strong financial performance in terms of revenue growth and improved equity ratios, despite liquidity challenges. Technical analysis shows a positive trend, but valuation concerns due to a high P/E ratio and low dividend yield weigh on the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and product adoption, supporting long-term business sustainability and competitiveness.

Improved Leverage Management

Improved leverage management enhances financial stability and reduces risk, providing a stronger foundation for future growth and investment.

Stronger Equity Base

A stronger equity base indicates improved financial health and resilience, enabling the company to better withstand economic fluctuations.

Negative Factors

Zero Free Cash Flow

Zero free cash flow raises concerns about liquidity and the company's ability to fund operations and growth without external financing.

Declining EBITDA Margins

Declining EBITDA margins suggest rising operational costs, which can pressure profitability and limit reinvestment in growth opportunities.

High Debt Levels

High debt levels can strain cash flow and limit financial flexibility, impacting the company's long-term stability and ability to invest in growth.

Time Interconnect Technology Limited Business Overview & Revenue Model

Company Description

Time Interconnect Technology Limited, an investment holding company, manufactures and sells cable assembly and networking cable products in the People's Republic of China, the United States, the Netherlands, Singapore, the United Kingdom, Hong Kong, Mexico, and internationally. The company offers copper and optical fiber cable assemblies, specialty cables, and servers; and manufactures and trades in robotic products, as well as develops and trades in computer software. It serves customers in the telecommunication, data center, industrial and medical equipment, and automotive wire harness sectors. The company was founded in 1992 and is headquartered in Sha Tin, Hong Kong. Time Interconnect Technology Limited operates as a subsidiary of Luxshare Precision Limited.

How the Company Makes Money

Time Interconnect Technology Limited generates revenue primarily through the sale of its interconnect products, which are supplied to a diverse array of industries including telecommunications, data centers, and consumer electronics. The company’s revenue model is based on direct sales to end-users and partnerships with distributors and manufacturers in the tech sector. Key revenue streams include bulk sales of cables and connectors, customized solutions for specific client needs, and ongoing maintenance and support services. Additionally, strategic partnerships with major tech firms and participation in large-scale infrastructure projects contribute significantly to its earnings, ensuring a steady demand for its products.

Time Interconnect Technology Limited Financial Statement Overview

Summary

The company shows strong revenue growth and improved equity ratios, indicating operational strength and a stronger balance sheet. However, declining EBITDA margins and zero free cash flow highlight potential operational inefficiencies and liquidity issues. While debt management has improved, cash flow challenges could impact future operations.

Income Statement

The company exhibits a strong revenue growth rate of 14.82% from 2023 to 2024, with a solid gross profit margin at 14.60% and a net profit margin at 6.10% as of 2024. However, a decline in EBITDA margin from 10.06% in 2023 to 8.71% in 2024 indicates rising operational costs. The EBIT margin remains stable at 7.73%.

Balance Sheet

The debt-to-equity ratio decreased to 0.82 in 2024, reflecting improved leverage management compared to 2023's 2.67. The equity ratio increased to 35.12% in 2024, showing a stronger equity base, and ROE improved to 25.52%. However, high debt levels continue to pose a risk.

Cash Flow

The company reported zero free cash flow in 2024, a significant decline from 2023's positive cash flow of 900.88 million. Operating cash flow was also non-existent in 2024, suggesting liquidity issues. The free cash flow to net income ratio dropped to zero, raising concerns about cash generation efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.11B	7.39B	6.43B	5.76B	3.59B	3.01B
Gross Profit	717.70M	1.08B	906.54M	624.66M	583.36M	566.59M
EBITDA	499.78M	710.55M	647.21M	325.99M	345.10M	389.49M
Net Income	275.67M	450.87M	369.52M	215.14M	168.22M	226.36M
Balance Sheet
Total Assets	5.82B	5.03B	6.16B	6.11B	3.18B	2.60B
Cash, Cash Equivalents and Short-Term Investments	387.26M	425.85M	378.35M	1.26B	247.21M	174.18M
Total Debt	3.45B	1.45B	3.63B	3.38B	1.12B	1.06B
Total Liabilities	4.59B	3.25B	4.79B	4.96B	2.12B	1.73B
Stockholders Equity	1.21B	1.77B	1.36B	1.13B	1.05B	852.47M
Cash Flow
Free Cash Flow	-1.69B	868.29M	900.88M	-1.70B	113.77M	55.89M
Operating Cash Flow	-1.47B	1.05B	981.37M	-1.49B	173.12M	102.64M
Investing Cash Flow	-1.76B	673.43M	-41.55M	-2.31B	-110.96M	-78.91M
Financing Cash Flow	3.07B	-1.65B	-901.37M	3.83B	-45.12M	-286.15M

Time Interconnect Technology Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1729, the sentiment is Positive. The current price of 16.3 is above the 20-day moving average (MA) of 16.29, above the 50-day MA of 15.32, and above the 200-day MA of 10.19, indicating a bullish trend. The MACD of 0.30 indicates Positive momentum. The RSI at 52.36 is Neutral, neither overbought nor oversold. The STOCH value of 32.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1729.

Time Interconnect Technology Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0842	76 Outperform	HK$2.58B	5.55	9.11%	6.11%	13.14%	-28.26%
1979	76 Outperform	HK$2.13B	5.08	22.34%	5.89%	18.32%	14.06%
3393	69 Neutral	HK$16.09B	18.38	15.02%	2.33%	20.33%	27.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1729	57 Neutral	HK$32.29B	56.50	32.21%	0.18%	―	―
1608	38 Underperform	€1.22B	-16.49	-4.59%	―	>-0.01%	98.32%

Time Interconnect Technology Limited Corporate Events

Time Interconnect Completes Acquisition of Dejinchang Investment

Time Interconnect Technology Limited has completed a major transaction involving the acquisition of Dejinchang Investment Limited, making it a wholly-owned subsidiary. This acquisition, settled partly through the issuance of new shares, will allow the company to consolidate the financial results of the acquired group, potentially enhancing its market position and financial performance.

Time Interconnect Technology Delays Circular Dispatch for Connected Transactions

Time Interconnect Technology Limited announced a delay in the dispatch of a circular related to its continuing connected transactions, including agreements with Luxshare Precision. The delay is due to the need for additional time to finalize the circular’s information, with the new dispatch date set for on or before December 17, 2025. This postponement may impact the company’s timeline for shareholder engagement and decision-making processes.

Time Interconnect Expands Agreements with Luxshare Precision and BCS

Time Interconnect Technology Limited has announced amendments to its existing agreements with Luxshare Precision and BCS, extending the contract periods and increasing annual supply caps to meet growing demand. These changes, effective from January 2026, reflect the company’s strategic alignment with its controlling shareholders and compliance with Hong Kong’s Listing Rules, potentially enhancing its market position and operational capacity.

Time Interconnect Announces Strategic Acquisition to Boost Asset Base

Time Interconnect Technology Limited has announced a major transaction involving the acquisition of the entire issued share capital of a target company, valued at HK$460,000,000. This acquisition is expected to enhance the company’s asset base, with a valuation surplus of approximately RMB135,605,000 identified in the target’s properties. The transaction is strategically significant as it aligns with the company’s focus on expanding its production capabilities, with the target company owning facilities in China and Thailand. This move is likely to strengthen Time Interconnect’s market position and offer potential growth opportunities for stakeholders.

Time Interconnect Technology Limited Announces Delay in Circular Dispatch for Major Acquisition

Time Interconnect Technology Limited announced a delay in the dispatch of a circular related to a major acquisition, initially scheduled for release by 18 September 2025. The company has received a waiver from the Hong Kong Stock Exchange to extend the deadline to 21 November 2025, allowing additional time to finalize financial details. This development highlights the company’s strategic move to expand its operations through acquisitions, potentially enhancing its market position and offering new opportunities for stakeholders.

Time Interconnect Shares Included in Stock Connect Programs

Time Interconnect Technology Limited has announced that its ordinary shares have been included in the eligible securities list under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs. This inclusion allows eligible investors in Mainland China to directly trade the company’s shares, which is expected to expand the shareholder base, increase trading liquidity, and support the company’s sustainable growth.