New Stock News | Guangdong Dtech Technology (301377.SZ) goes through a hearing at the Hong Kong Stock Exchange to become the world's top PCB drilling needle supplier.

According to the disclosure on the Hong Kong Stock Exchange on June 23, Guangdong Dtech Technology Co., Ltd. (Guangdong Dtech Technology, 301377.SZ) went through a hearing for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and HSBC as its joint sponsors. According to the prospectus, the company is a leading comprehensive supplier of precision manufacturing solutions, providing tools, materials, and intelligent equipment for key processes in the global PCB manufacturing value chain (including drilling, milling/forming, and other related precision manufacturing processes). According to data from Frost & Sullivan, the company is the world's largest supplier of drill needles in terms of sales volume. In the past, in terms of drill needle sales volume, the company ranked first globally in 2023, 2024 and 2025, with global market shares of 26.5%, 26.8%, and 29.2% respectively. In terms of PCB drill needle sales revenue, the company ranked first globally in 2023, second globally in 2024, and returned to the top globally in 2025, with global market shares of 21.4%, 20.8%, and 22.9% respectively. The company is dedicated to creating greater value for customers in high-end precision manufacturing and promoting global industrial development. The company's product portfolio covers four main categories, including (i) precision cutting tools; (ii) grinding and polishing materials; (iii) functional film materials; and (iv) intelligent CNC equipment. These products serve a wide range of strategically important end markets, including AI servers, Siasun Robot&Automation, semiconductor and integrated circuit applications, low-orbit satellite communication, high-end equipment manufacturing and smart cars, as well as several other industries such as consumer electronics, telecommunications, and industrial control. PCBs are widely regarded as the mother of the electronic industry and play a crucial role in the global industrial manufacturing sector. The level of PCB-specific cutting tool technology is a key underlying factor that directly impacts and determines the pace of PCB technological iterations and the performance of end products. The quality and lifespan of tools can affect PCB production costs and delivery times, thus influencing downstream application areas' technological competitiveness and market responsiveness through the industrial chain. As a global leader in specific PCB manufacturing tools, materials, and intelligent equipment sectors, the company supports the rapid development of downstream industries through an integrated combination of tools, materials, and smart equipment. By providing high-end, reliable, and scalable manufacturing support, the company contributes to the high-quality development of the global PCB industry, precision manufacturing, and the advancement of smart industrial technology. The company's market opportunities are benefiting from steady growth in global PCB demand and structural shifts towards high-end applications. According to Frost & Sullivan's statistics, driven by AI, data centers, next-generation communication, autonomous driving, and AR/VR, the global PCB market (by revenue) is expected to increase from $932.0 billion in 2026 to $1,148.0 billion in 2030, with a compound annual growth rate of 5.3%. In the broad market, high-value product segments such as high-layer circuit boards, HDI boards, and IC carriers are expected to exceed the market's average growth, with projected compound annual growth rates of 7.4%, 6.7%, and 6.9% respectively from 2026 to 2030, driven by increasing demand for high-density interconnects and high-performance signal integrity. The rapid development of AI infrastructure is creating significant demand for high-performance printed circuit boards for the company's customers, thereby driving demand for the company's PCB tools and related products. According to Frost & Sullivan's statistics, the server sector recorded approximately $15.8 billion in global PCB market revenue in 2025, and it is expected to continue to be the fastest-growing sector over the next five years as AI servers, large data centers, and high-performance computing continue to expand. These applications require PCBs with higher layers, finer line widths and spacing, smaller apertures, and stricter positional tolerances. Therefore, these trends directly drive the consumption and performance requirements of PCB tools (especially micro-drills, high aspect ratio drill needles, and advanced coated drill needles), establishing the company's leading position in this field. As a global leading company with specific PCB manufacturing-related tools, materials, and intelligent equipment, extensive independent research and development equipment infrastructure, and continuous expansion of global business, the company believes it is ready to seize these market opportunities. In terms of financials, in 2023, 2024, and 2025, the company's revenue was approximately RMB 1.295 billion, RMB 1.553 billion, and RMB 2.084 billion respectively; while its annual profit for the respective years was approximately RMB 0.219 billion, RMB 0.227 billion, and RMB 0.432 billion.