PANGAEA CONNECT(01473.HK): Total Value of Handheld Sales Contracts Exceeds US$1 Billion, Riding Robust Demand for AI Data Center Infrastructure

NewTimeSpace · 2026/06/30 13:27 · By Jiayi Sun

NewTimeSpace News: Pangaea Connectivity Technology Limited (01473.HK) issued a business update announcement, stating that fueled by rapid expansion of the global AI industry and surging demand for high-end optical connectivity solutions, the Group has secured massive new sales contracts recently. As of the announcement date, the aggregate value of all outstanding sales contracts held by the Group surpassed US$1 billion. The contracts predominantly cover 200Gb/s Indium Phosphide (InP) photodiodes, which are deployed in 800G/1.6T optical transceivers for AI data centers.

NewTimeSpace News: Pangaea Connectivity Technology Limited (01473.HK) released a voluntary business update filing on 30 June 2026, disclosing that the total value of its outstanding sales orders has broken through US$1 billion.

Per the announcement, these sales contracts mainly involve proprietary 200Gb/s InP photodiodes, core components built into 800G and 1.6T optical transceivers powering AI data centers and next-generation AI computing infrastructure. The sharp uptick in order volume reflects long-term recognition from world-leading global optical equipment manufacturers of the Group’s operational stability, proprietary technology and consistent product quality, further strengthening its market positioning in high-speed optical devices.

For the full fiscal year ended 31 March, the Group delivered steady revenue growth of 4.8%, with total turnover reaching HK$2.2298 billion. The Group prioritizes AI-centric product lines, including photodiode chips embedded inside GPUs, alongside industrial laser hardware supporting 1.6T and 3.2T transmission standards, directly catering to the global buildout of AI computing clusters.

The Board of Directors commented that the sizable backlog of contracted orders will solidify the Group’s foothold within the AI data center supply chain, sustaining robust commercial momentum through 2027 and unlocking long-term revenue growth from top-tier global tech clients.

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PANGAEA CONNECT 01473.HK Business Updates