Delton Technology (01989) rose more than 10% following its earnings report, reaching a record high of HK$195. At the time of writing, the stock was up 9.17% at HK$192.8, with a turnover of HK$88.38 million. On April 29, Delton Technology released its first-quarter results, reporting revenue of approximately RMB 1.914 billion, a year-on-year increase of 71.35%. Net profit attributable to shareholders was about RMB 393 million, up 63.31% compared to the same period last year. Zhongtai Securities noted that during the first quarter, the company capitalized on market opportunities driven by surging demand for computing hardware, focusing on the "computing power" theme. It maintained a strong emphasis on general servers, AI servers, networking products, and accelerator cards in the computing PCB market. Through technological innovation, the company optimized its product mix and enhanced production efficiency via digitalization, leading to steady improvement in operational performance. Delton's overseas facility in Thailand, Delton Thailand, completed core customer audit certifications as planned. With key customer certifications, product introductions, and the ramp-up of Phase 1 capacity in Thailand, the facility has become a second engine driving growth in the company's computing product sales.
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