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Pangaea Connectivity Technology's Revenue Balloons 68% in April-July

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Pangaea Connectivity Technology's (HKG:1473) revenue for the four months ended July 31 surged 68% to HK$1.19 billion from HK$703.4 million a year prior, driven by multiple factors.

The company's value of sales contracts on hand rose to around $1.15 billion as of July 31, amid growth in global AI-related demand, according to a Monday Hong Kong bourse filing.

The group has also developed a new source of business relating to different models of high power industrial laser equipment for 1.6T/3.2T PCB high-precision processing.

The connectivity product producer obtained new orders for the equipment from an industrial laser equipment manufacturer.

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