HK Stock Market Move | DELTON (01989) rose more than 11% in the afternoon. Institutions pointed out that the company deeply benefits from the upgrade cycle of AI server PCB.

DELTON (01989) rose more than 11% in the afternoon, rising to 11.35% at the time of writing, reaching HK$130.5, with a turnover of HK$ 435 million. Public information shows that DELTON is mainly engaged in the research and development, production, and sales of customized PCBs for computing servers and other computing scenarios. According to Frost & Sullivan data, based on the cumulative revenue from computing server PCBs from 2022 to 2024, DELTON ranks third among global computing server PCB manufacturers, first among Chinese manufacturers, and holds a global market share of 4.9%. Zheshang released a research report stating that DELTON is one of the few companies that truly benefit from the AI server PCB upgrade cycle; the layout of "three locations and four factories" is gradually taking shape, with production capacity, delivery, and globalization capabilities entering a new stage; the continuous iteration of AI server platforms is driving the company into a phase of "product upgrade + customer expansion."