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Time Interconnect Technology Limited
(1729)
Time Interconnect Technology Limited (1729) vs. S&P 500 (SPY)
Time Interconnect Technology Limited Business Overview & Revenue Model
Time Interconnect Technology Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 7.39B | 6.43B | 5.76B | 3.59B | 3.01B | Gross Profit |
| 1.08B | 906.54M | 624.66M | 583.36M | 566.59M | EBIT |
| 571.41M | 548.80M | 309.75M | 266.24M | 317.57M | EBITDA |
| 710.55M | 647.21M | 325.99M | 281.21M | 389.49M | Net Income Common Stockholders |
| 450.87M | 369.52M | 215.14M | 168.22M | 226.36M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 425.85M | 1.30B | 1.26B | 226.68M | 163.64M | Total Assets |
| 5.03B | 6.16B | 6.11B | 3.18B | 2.60B | Total Debt |
| 1.45B | 3.63B | 3.45B | 1.17B | 1.08B | Net Debt |
| 1.02B | 2.34B | 2.18B | 940.98M | 917.58M | Total Liabilities |
| 3.25B | 4.79B | 4.96B | 2.12B | 1.73B | Stockholders Equity |
| 1.77B | 1.36B | 1.13B | 1.05B | 852.47M |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 900.88M | -1.70B | 113.77M | 55.89M | Operating Cash Flow |
| 0.00 | 981.37M | -1.49B | 173.12M | 102.64M | Investing Cash Flow |
| 0.00 | -41.55M | -2.32B | -111.61M | -867.78M | Financing Cash Flow |
| 0.00 | -901.37M | 3.89B | -6.74M | 537.37M |
Time Interconnect Technology Limited Technical Analysis
Time Interconnect Technology Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$70.99B | 10.84 | 13.65% | 4.51% | -5.28% | -13.15% | |
70 Outperform | HK$16.91B | 7.34 | 18.95% | 6.84% | 4.58% | 18.73% | |
64 Neutral | $4.30B | 11.84 | 5.23% | 249.82% | 4.06% | -10.21% | |
54 Neutral | HK$8.00B | 17.96 | 0.59% | ― | ― | ||
47 Neutral | €907.23M | ― | -5.36% | 6.31% | -7.58% | -21.25% | |
33 Underperform | €192.18M | ― | ― | -15.39% | 19.69% |
Time Interconnect Technology Limited Corporate Events
Time Interconnect Technology Limited has announced its upcoming annual general meeting to be held on May 23, 2025, in Hong Kong. Key resolutions include the adoption of financial statements, reappointment of BDO Limited as auditor, declaration of a final dividend, re-election of directors, and authorization for the board to manage director remuneration and share allotments. These resolutions aim to ensure the company’s continued compliance and strategic growth, potentially impacting shareholder value and market positioning.
Time Interconnect Technology Limited has appointed Ms. Chan Kit Fun Fanny as an independent non-executive director, effective April 11, 2025. Ms. Chan, with over 30 years of experience in banking and manufacturing, will also serve as the chairman of the Nomination Committee and a member of the Audit and Remuneration Committees. This strategic appointment is expected to strengthen the company’s governance and operational oversight, potentially enhancing its market positioning and stakeholder confidence.
Time Interconnect Technology Limited has announced the composition of its board of directors, which includes a mix of executive, non-executive, and independent non-executive directors. The board has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned to each committee. This announcement highlights the company’s governance structure, which is crucial for stakeholders as it reflects the company’s commitment to transparent and effective management practices.
Time Interconnect Technology Limited announced its financial results for the year ended December 31, 2024, showing significant growth in revenue and profit compared to the previous financial period. The company reported a revenue increase of 53.1% to HK$7,388.8 million and a profit rise of 62.3% to HK$450.5 million, highlighting strong operational performance and improved market positioning.
Time Interconnect Technology Limited has announced a final dividend of HKD 0.013 per share for the financial year ending December 31, 2024. The dividend reflects the company’s commitment to returning value to its shareholders. The ex-dividend date is set for May 27, 2025, with payment scheduled for June 26, 2025. This announcement may positively impact the company’s market perception and shareholder satisfaction.
Time Interconnect Technology Limited has announced a change in the composition of its Nomination Committee, effective from March 28, 2025. The appointment of Mr. Cua Tin Yin, the company’s CEO, as a new member of the committee is expected to enhance the strategic direction and governance of the company, potentially impacting its operational efficiency and stakeholder relations.
Time Interconnect Technology Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within the organization. The board consists of six directors, including executive, non-executive, and independent non-executive members. The announcement also details the establishment of three board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, with specific directors assigned to each committee. This organizational structure is crucial for the company’s governance and strategic decision-making processes.
Time Interconnect Technology Limited, through its indirect wholly-owned subsidiary Da Chuang, has renewed its lease agreement with Luxshare Electronic for the Kunshan premises. The lease renewal, effective from April 1, 2025, to March 31, 2028, involves premises used for industrial production. This transaction is classified as a connected transaction under Hong Kong’s Listing Rules due to Luxshare Precision’s controlling stake in the company. The renewal ensures continued operational stability for Time Interconnect Technology Limited, while adhering to regulatory requirements, with no need for independent shareholder approval.
Time Interconnect Technology Limited has announced the renewal of its existing agreements with Luxshare Precision, including the Master Supply, Purchase, and Subcontracting Agreements. Additionally, the company has entered into a new Equipment Purchase Agreement with Luxshare Precision, valued at up to HK$90,000,000. These transactions, involving Luxshare Precision as a controlling shareholder, are categorized as continuing connected transactions under the Hong Kong Listing Rules. While these transactions require reporting and announcement, they are exempt from independent shareholders’ approval. The agreements are expected to enhance the company’s operational capabilities and strengthen its market position.
Time Interconnect Technology Limited has announced a change in the board lot size for its shares traded on the Hong Kong Stock Exchange, reducing the lot size from 8,000 shares to 1,000 shares effective April 8, 2025. This adjustment aims to lower the investment threshold, thereby improving share liquidity and attracting a broader range of investors, which is expected to benefit the company and its shareholders by expanding the shareholder base.
Time Interconnect Technology Limited has announced that a board meeting will be held on March 28, 2025, to discuss and approve the company’s final results for the year ending December 31, 2024. The meeting will also consider the declaration of a final dividend, which could have implications for shareholders and the company’s financial strategy.
Time Interconnect Technology Limited, through its subsidiary Linkz Mexico, has entered into a lease agreement with ICT Legend Mexico, a subsidiary of Luxshare Precision, to lease premises in Mexico from March 2025 to February 2028. This lease is classified as a connected transaction due to the association between Luxshare Precision and the Company, as Luxshare holds a significant share of the Company’s issued shares. While the transaction requires reporting and announcement under the Listing Rules, it is exempt from independent shareholders’ approval.