VGT Shares Climb Nearly 6% After Strong Q1 Earnings, Net Profit Jumps 40% YoY

Stock News04-29

Victory Giant Technology (02476) rose nearly 6% following the release of its first-quarter results. At the time of writing, the stock was up 5.8% to HK$317.4, with a turnover of HK$258 million. The company reported revenue of RMB 5.519 billion for the first quarter of 2026, a year-on-year increase of 27.99%. Net profit attributable to shareholders reached RMB 1.288 billion, up 39.95% compared to the same period last year. The company attributed the improved performance primarily to higher sales. In the fourth quarter of 2025, net profit stood at RMB 1.067 billion. This implies a sequential growth of 20% in net profit for the first quarter. Earlier analysis from Zhongyuan Securities highlighted that Victory Giant Technology is a leading global AI PCB manufacturer, focusing on high-end PCB products. The firm continues to deepen strategic partnerships with top global technology clients and is accelerating its global production capacity layout, positioning it to benefit significantly from the surge in AI computing demand.

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