PATEO CONNECT Technology (Shanghai) Corporation Class H (HK:2889)
:2889
Want to see HK:2889 full AI Analyst Report?
2889 Stock Chart & Stats
HK$119.90
--
Market closed
HK$119.90
--
Day’s Range― - ―
52-Week RangeHK$96.00 - HK$288.80
Previous CloseN/A
VolumeN/A
Average Volume (3M)258.68K
Market Cap
HK$25.38B
Enterprise ValueHK$21.08B
Total Cash (Recent Filing)HK$1.68B
Total Debt (Recent Filing)HK$2.25B
Price to Earnings (P/E)―
Beta1.02
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding75,303,710
10 Day Avg. Volume155,140
30 Day Avg. Volume258,681
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)12.81
Price to Sales (P/S)8.07
P/FCF Ratio-25.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$198.49Price Target Upside65.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Revenue GrowthRe-acceleration to ~13% revenue growth in 2025 shows improving product-market demand and topline momentum. Sustained mid-single to double-digit growth over several quarters can support eventual operating leverage, enabling scale to reduce per-unit costs if management controls fixed costs.
Improved LeverageDebt-to-equity moving from ~1.8 to ~1.0–1.1 reflects meaningful deleveraging. A stronger capital structure lowers refinancing and interest risks, extends operational runway, and provides more flexibility to fund strategic initiatives or absorb continued losses without immediate solvency pressure.
Balance Sheet Not DistressedAn expanded equity base and a non-distressed balance sheet give the company headroom to access capital and negotiate partnerships. This structural financial flexibility supports execution of medium-term growth plans while management addresses profitability and cash-generation shortcomings.
Bears Say
Negative Free Cash FlowPersistently negative operating cash flow and FCF (worsening to ~-1.07B) indicate ongoing cash burn that elevates dependence on external financing. Over months, this raises dilution or higher-cost funding risk and constrains the firm's ability to invest in product, sales, or margin-improvement initiatives.
Widening Operating LossesOperating margin deterioration to ~-29% despite revenue growth shows the company is not yet achieving cost or scale efficiencies. Persistently wide operating losses undermine the path to sustainable profitability and increase the time and capital required to reach break-even.
Negative Returns On EquityROE of roughly -35% to -49% signals capital is being consumed rather than deployed profitably. Structural negative returns reflect poor capital efficiency and operational execution gaps, making it harder to attract patient capital and threatening long-term shareholder value.
PATEO CONNECT Technology (Shanghai) Corporation Class H News
2889 FAQ
What was PATEO CONNECT Technology (Shanghai) Corporation Class H’s price range in the past 12 months?
PATEO CONNECT Technology (Shanghai) Corporation Class H lowest stock price was HK$96.00 and its highest was HK$288.80 in the past 12 months.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s market cap is HK$25.38B.
When is PATEO CONNECT Technology (Shanghai) Corporation Class H’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were PATEO CONNECT Technology (Shanghai) Corporation Class H’s earnings last quarter?
Currently, no data Available
Is PATEO CONNECT Technology (Shanghai) Corporation Class H overvalued?
According to Wall Street analysts PATEO CONNECT Technology (Shanghai) Corporation Class H’s price is currently Undervalued.
Does PATEO CONNECT Technology (Shanghai) Corporation Class H pay dividends?
PATEO CONNECT Technology (Shanghai) Corporation Class H does not currently pay dividends.
What is PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate?
PATEO CONNECT Technology (Shanghai) Corporation Class H’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does PATEO CONNECT Technology (Shanghai) Corporation Class H have?
PATEO CONNECT Technology (Shanghai) Corporation Class H has 75,303,710 shares outstanding.
What happened to PATEO CONNECT Technology (Shanghai) Corporation Class H’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of PATEO CONNECT Technology (Shanghai) Corporation Class H?
Currently, no hedge funds are holding shares in HK:2889
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
PATEO CONNECT Technology (Shanghai) Corporation Class H Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Fundamentals
Return on Equity
-62.19%
Trailing 12-Months
Asset Growth
41.82%
Trailing 12-Months
Company Description
PATEO CONNECT Technology (Shanghai) Corporation Class H
PATEO CONNECT Technology (Shanghai) Corp. provides smart cockpit solutions and vehicle connectivity support services. It also offers integrated capabilities in hardware, software and cloud-based vehicle connectivity. The company was founded by Zhen Kai Ying on October 20, 2009 and is headquartered in Shanghai, China.
PATEO CONNECT Technology (Shanghai) Corporation Class H (2889) Earnings & Revenues
2889 Stock 12 Month Forecast
Average Price Target
HK$198.49
▲(65.55% Upside)
Technical Analysis
Q Technology (Group) Co
―
Sunny Optical Technology (Group) Co
―
TCL Electronics Holdings
―
Pangaea Connectivity Technology Limited
―
SenseTime Group, Inc. Class B
―
Options Prices
Currently, No data available
---