PATEO CONNECT Technology (Shanghai) Corporation (HKG:2889)

Hong Kong · Delayed Price · Currency is HKD

57.45

-4.60 (-7.41%)

Oct 15, 2026, 11:45 AM HKT

HKG:2889 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,652	3,510	2,557	1,496	1,218
Revenue Growth	32.54%	37.26%	70.94%	22.83%	-
Gross Profit	535.22	434.19	301	231.09	171.12
Operating Income	-1,127	-1,013	-574.78	-395.38	-471.44
Net Income	-1,172	-1,093	-541.24	-283.89	-452.1
Earnings Per Share	-7.88	-7.69	-4.11	-2.41	-4.28
EPS Growth	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Smart Cockpit Solutions	4,392	3,413	2,441	1,352	1,079
Vehicle Connectivity Support Services	72.36	86.73	110.23	122.37	89.33
Others	9.09	9.68	5.37	21.05	49.88
Total	4,652	3,510	2,557	1,496	1,218

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Investments	1,758	1,735	1,560	798.44	924.59
Total Debt	3,047	2,250	1,712	1,103	668.04
Net Cash (Debt)	-1,289	-515.45	-152.33	-304.07	256.55
Net Cash Growth	-	-	-	-	-
Net Cash Per Share	-8.67	-3.62	-1.16	-2.58	2.43

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Cash Flow	-1,133	-525.4	-705.79	-270.57	-463.73
Capital Expenditures	-582.1	-522.32	-161.93	-150.37	-157.16
Free Cash Flow	-1,715	-1,048	-867.72	-420.94	-620.89
Free Cash Flow Growth	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Gross Margin	11.51%	12.37%	11.77%	15.45%	14.05%
Operating Margin	-24.22%	-28.87%	-22.48%	-26.43%	-38.71%
Pretax Margin	-25.24%	-31.16%	-21.15%	-18.97%	-37.13%
Profit Margin	-25.19%	-31.15%	-21.17%	-18.98%	-37.13%
FCF Margin	-36.86%	-29.85%	-33.93%	-28.14%	-50.99%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 15, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
PS Ratio	1.87	8.30	-	-	-