HK Stock Market Move | Circuit Fabology Microelectronics Equipment (09630) opened lower and trended higher, rising over 5%; high-end LDI equipment sees both volume and price increases; advanced packaging is expected to accelerate volume growth.

Circuit Fabology Microelectronics Equipment (09630) opened lower and trended higher today, rising over 5% at one point. As of press time, it was up 4.56% at HK$362.4, with a turnover of HK$39.8657 million. On the news front, Circuit Fabology Microelectronics Equipment reported first-half revenue of RMB1.106 billion, up 68.95% year-on-year; net profit attributable to shareholders was RMB281 million, up 98.13% year-on-year. The earnings growth was mainly driven by the AI computing power supply chain spurring higher capital expenditure on high-end PCBs, with both volume and price increases for high-end LDI equipment; meanwhile, advanced packaging lithography equipment achieved order wins to form new incremental growth, combined with capacity release at the Phase II base and improved delivery capability, as domestic and overseas demand resonated to drive revenue growth. Soochow believes that AI computing power demand is driving continued improvement in the prosperity of high-end PCB and advanced packaging equipment, with the company's high-end LDI equipment seeing both volume and price increases, WLP, PLP and IC substrate equipment accelerating batch adoption, and the second growth curve gradually materializing. With the full release of Phase II capacity, easing of delivery bottlenecks and accelerated overseas market expansion, the company's order conversion and earnings growth are expected to continue.