New Stock News | Delton Technology(001389.SZ) attended a hearing at the Hong Kong Stock Exchange, the company is a key component manufacturer of PCB for computing servers.

According to the disclosure by the Hong Kong Stock Exchange on February 27th, Guangzhou Delton Technology Co., Ltd. (referred to as Delton Technology) is undergoing a listing hearing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and HSBC as its joint sponsors. According to the prospectus, Delton Technology was established in 2002 and is mainly engaged in the research and development, production, and sales of custom printed circuit boards (PCB) used in computing servers and other computing scenarios. This listing is to achieve a dual listing status for A-shares, as the company was already listed on the Shenzhen Stock Exchange in April 2024. According to Frost & Sullivan data, based on the cumulative revenue of computing server PCBs from 2022 to 2024, the company ranks third among global computing server PCB manufacturers and first among computing server PCB manufacturers headquartered in Mainland China. Frost & Sullivan data also points out that with the popularization of AI, the expansion of data centers, connected cars, Siasun Robot & Automation, and IoT applications, there is a continuous growth in global demand for electronic devices. PCBs, as a key component of electronic products, are facing significant growth opportunities. Delton Technology offers PCBs for computing scenarios, industrial scenarios, and consumer scenarios. From 2022 to 2025, the company's revenue from computing scenarios PCB was RMB 16.35 billion, RMB 18.58 billion, RMB 27.06 billion, RMB 19.62 billion, and RMB 28.33 billion respectively, accounting for 67.8%, 69.4%, 72.5%, 73.2%, and 73.9% of total revenue. Furthermore, Delton Technology's customers include direct sales customers, traders, and PCB manufacturers. As of September 2025, the company had 202 customers, with 155 direct sales customers contributing over 90% of the revenue. From 2022 to September 2025, the top five customers collectively contributed 63.6%, 65.6%, 61.4%, and 59.3% of the revenue, with the largest customer contributing 26.5%, 26.6%, 24.6%, and 18.0% respectively. In terms of finances, the company's revenue for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025 were RMB 24.12 billion, RMB 26.78 billion, RMB 37.34 billion, and RMB 38.35 billion respectively. Gross profit was RMB 6.29 billion, RMB 8.92 billion, RMB 12.46 billion, and RMB 13.37 billion respectively. Gross margins were 26.1%, 33.3%, 33.4%, and 34.8% respectively. Net profits for the periods were approximately RMB 2.8 billion, RMB 4.15 billion, RMB 6.8 billion, and RMB 7.23 billion respectively.