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2889 Stock Chart & Stats
HK$119.90
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Market closed
HK$119.90
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Day’s Range― - ―
52-Week RangeHK$96.00 - HK$288.80
Previous CloseN/A
VolumeN/A
Average Volume (3M)258.68K
Market Cap
HK$21.08B
Enterprise ValueHK$22.52B
Total Cash (Recent Filing)HK$1.68B
Total Debt (Recent Filing)HK$2.25B
Price to Earnings (P/E)―
Beta1.52
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding82,823,160
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$341.57Price Target Upside184.88% 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 Growth AccelerationAccelerated revenue growth in 2025 signals improving product demand and market traction. Sustained top-line expansion increases the potential to spread fixed costs and supports a pathway to improved margins and cash generation over the medium term if management sustains execution.
Improved Leverage And Larger Equity BaseReduction in leverage and a larger equity base lowers refinancing pressure and increases financial flexibility. This structural improvement lengthens runway for the business while losses persist and reduces near-term solvency risk compared with prior years.
Scale In Software Application Industry And StaffingOperating in a scalable software application industry with a sizable employee base (2,119) provides development, sales and support capacity. This resource base supports product development and customer growth, enabling potential margin expansion as revenue scales.
Bears Say
Persistent Negative Operating And Free Cash FlowOperating cash flow has been negative in every year shown and free cash flow deteriorated to roughly -1.07B in 2025. Persistent cash burn creates a structural dependency on external financing, increasing dilution or debt servicing risk and constraining reinvestment capacity.
Widening Operating Losses And Weak MarginsOperating losses widened sharply despite revenue growth, with low gross margins (~12%) and deteriorating operating margin (~-29%). This shows limited cost leverage and a structurally weak profitability profile, extending the time required to reach sustainable operating profitability.
Negative ROE And Continued Funding RelianceNegative returns on equity (roughly -35% to -49%) indicate capital inefficiency and that invested capital is destroying value. Combined with ongoing funding dependence, this raises long-term execution and financing risk unless the company achieves durable profitability or secures stable external capital.
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$21.08B.
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 82,823,160 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
Underperform
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10
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
41.82%
Trailing 12-Months
Company Description
PATEO CONNECT Technology (Shanghai) Corporation Class H
PATEO CONNECT Technology (Shanghai) Corporation develops smart cockpit solutions, vehicle connectivity support services, and products for OEMs and Tier-1 suppliers in China and Hong Kong. It also develops telematics terminals and cloud platforms. The company offers automotive electronic hardware, operating system software, voice AI and map integration, TSP service operations, PaaS and SaaS cloud services for vehicle payment, communication operations, and the CASE (connected, autonomous, shared, and electric) vehicle business model. smart cockpit solutions products include T-Box, cameras, microphones, speakers, wires, and antennas. vehicle connectivity support services, include user support services which assist OEMs to provide car owners with assistance, and platform maintenance services for vehicle connectivity platforms. The company has a strategic collaboration with Shanghai Jiao Tong University for the development of AI-based operating systems and embodied intelligence technologies. PATEO CONNECT Technology (Shanghai) Corporation was formerly known as Shanghai Pateo Electronic Equipment Manufacturing Co., Ltd. and changed its name to PATEO CONNECT Technology (Shanghai) Corporation in December 2021. PATEO CONNECT Technology (Shanghai) Corporation was founded in 2009 and is based in Shanghai, China.
PATEO CONNECT Technology (Shanghai) Corporation Class H (2889) Earnings & Revenues
2889 Stock 12 Month Forecast
Average Price Target
HK$341.57
▲(184.88% Upside)
Technical Analysis
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