On April 8, multiple Hong Kong-listed secondary stocks, including Delton Technology (HK:1989), TianShu ZhiXin (HK:9903), and Cambridge Technology (HK:6166), experienced sharp gains. Among them, Delton Technology's Hong Kong shares surged strongly, closing up 21.79%, while its A-share counterpart, Delton Technology (Guangzhou) Inc. (SZ:001389), hit the daily limit-up, approaching its highest level since listing. The rally in Delton Technology appears to be driven by multiple factors. From a market perspective, easing tensions in the Middle East contributed to broad-based gains in both Hong Kong and A-shares today. The ChiNext Index of A-shares soared nearly 6%, and the Hang Seng Tech Index rose over 5%, creating a favorable market environment that supported Delton Technology’s significant advance. On the business front, Delton Technology is primarily engaged in the research, development, production, and sale of customized printed circuit boards (PCBs) for computing servers and other computing scenarios. The company’s PCB products cover computing scenarios such as computing servers and data center switches; industrial applications including industrial control, communications, and automotive electronics; and consumer segments such as consumer electronics and security electronics. Recent reports indicate that demand for tokens is experiencing explosive growth, pushing the computing power market into a supply shortage phase. For Delton Technology, the rapid expansion in AI computing demand suggests that server PCB requirements are likely to increase substantially, which could significantly benefit the company’s performance. Notably, according to a CMB Electronics research report, leading PCB manufacturers such as Kingboard, Jinan, and Nanya have indicated that the industry is currently in a new round of price hikes in the second quarter, with average prices expected to rise by more than 20%, and the increases likely to persist until the end of May. The third quarter, traditionally a peak season, is expected to see accelerated procurement in the AI computing sector, making continued price hikes highly probable. Industry insiders project that this upward price cycle will last at least through the full year of 2026 and likely extend into the first half of 2027. This indicates that the PCB industry chain is currently in a high-growth phase with prospects for sustainability, further supporting Delton Technology’s strong performance.
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