Time Interconnect Technology Limited (1729) AI Stock Analysis

• Market Cap: HK$18.17B
• Dividend Yield: 0.25%
• Average Volume (3M): 5.85M
• Price to Earnings (P/E): 39.5
• Beta (1Y): 0.84
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: HK
• Employees: 6,031
• Sector: Industrials
• Sector Strength: 93
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.13
• Shares Outstanding: 1,953,397,000
• 10 Day Avg. Volume: 7,980,123
• 30 Day Avg. Volume: 5,845,871
• PEG Ratio: N/A
• Price to Book (P/B): 10.73
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 66 Neutral
• Price Target: HK$11.00 ▲(21.41%Upside)

The overall stock score reflects a mixed outlook. Strong technical analysis indicates positive market sentiment, but high valuation relative to earnings and liquidity concerns from the financial performance analysis temper enthusiasm. The lack of earnings call and corporate events data means these factors are not considered in the score.

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 through the manufacturing and sale of its connectivity solutions. The company's primary revenue streams include the sale of optical fibers and cable assemblies, which are integral components in telecommunications and data center infrastructure. The company also offers custom-designed connectors to meet specific needs of industrial clients, thereby catering to a broad spectrum of industries. Key factors contributing to its earnings include its established relationships with major telecommunications operators and its emphasis on innovation to meet the evolving demands of the electronics sector. Additionally, strategic partnerships and long-term contracts with large-scale enterprises help to stabilize and enhance its revenue flow.

Time Interconnect Technology Limited Financial Statement Overview

Summary

Robust revenue growth and improved equity ratios suggest operational strength and a stronger balance sheet. However, declining EBITDA margins and zero free cash flow highlight operational inefficiencies and liquidity concerns.

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	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
EBITDA	710.55M	647.21M	325.99M	281.21M	389.49M
Net Income	450.87M	369.52M	215.14M	168.22M	226.36M
Balance Sheet
Total Assets	5.03B	6.16B	6.11B	3.18B	2.60B
Cash, Cash Equivalents and Short-Term Investments	425.85M	1.30B	1.26B	226.68M	163.64M
Total Debt	1.45B	3.63B	3.45B	1.17B	1.08B
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	868.29M	900.88M	-1.70B	113.77M	55.89M
Operating Cash Flow	1.05B	981.37M	-1.49B	173.12M	102.64M
Investing Cash Flow	673.43M	-41.55M	-2.32B	-111.61M	-867.78M
Financing Cash Flow	-1.65B	-901.37M	3.89B	-6.74M	537.37M

Time Interconnect Technology Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.06
• 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 9.06 is above the 20-day moving average (MA) of 8.68, above the 50-day MA of 6.87, and above the 200-day MA of 5.11, indicating a bullish trend. The MACD of 0.80 indicates Positive momentum. The RSI at 68.15 is Neutral, neither overbought nor oversold. The STOCH value of 56.88 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
1729	66 Neutral	HK$18.17B	39.55		0.25%	―	―
Sector *	65 Neutral	$11.05B	15.76	5.13%	1.92%	3.11%	-24.90%
2V3	―	€199.12M	―	-13.31%	―	―	―
3393	72 Outperform	HK$9.14B	12.01	13.34%	0.52%	18.17%	33.08%
1979	67 Neutral	HK$2.00B	5.23	21.87%	5.77%	11.66%	16.73%
0842	67 Neutral	HK$2.91B	4.54	12.91%	2.15%	17.69%	3.08%

Time Interconnect Technology Limited Corporate Events

Time Interconnect Projects Significant Profit Growth for H1 2025

Time Interconnect Technology Limited has issued a positive profit alert, indicating an expected increase in net profit by approximately 50% to 60% for the first half of 2025 compared to the same period in 2024. This growth is attributed to a rise in sales orders from the data center segment, highlighting the company’s strong performance in the cable assembly industry. The final results are yet to be audited, and stakeholders are advised to exercise caution.

Time Interconnect Technology Aligns Accounting Policies with Luxshare

Time Interconnect Technology Limited has announced changes in its accounting policy and estimates, aligning with its parent company Luxshare Precision Limited. The shift to a cost model for leasehold land and buildings and a straight-line depreciation method for plant and machinery is expected to streamline internal reporting, reduce administrative costs, and enhance financial performance comparisons within Luxshare. These changes will result in retrospective adjustments to financial statements, including a decrease in total and net assets and an increase in net profit and earnings per share for the year ending December 2024.

Time Interconnect Technology Limited Passes Key Resolutions at AGM

Time Interconnect Technology Limited announced the successful passage of all proposed resolutions during its Annual General Meeting held on May 23, 2025. Key decisions included the adoption of the company’s financial statements, reappointment of BDO Limited as auditor, declaration of a final dividend, and re-election of several directors. The resolutions also granted the board mandates to issue and repurchase shares, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility and market positioning.

Time Interconnect Enters Luxvisions Supply Agreement

Time Interconnect Technology Limited has entered into a Luxvisions Master Supply Agreement with Luxvisions, effective from May 6, 2025, to December 31, 2027. This agreement involves the sale of products by Time Interconnect to Luxvisions, with pricing determined based on market terms and a cost-plus basis. The transactions are classified as continuing connected transactions under the Listing Rules, requiring reporting and annual review but exempt from independent shareholders’ approval. Ms. Wang Laichun, a non-executive director with beneficial interests in Luxvisions, abstained from voting on the agreement.

Time Interconnect Technology Announces 2025 AGM and Key Resolutions

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.