Delton Technology (Guangzhou) (1989) investor relations material

Executive summary

• Revenue for the six months ended June 30, 2026, reached RMB4.39 billion, up 81.0% year-over-year, driven by strong demand from computing power customers and higher sales prices and volumes.

• Net profit attributable to shareholders was RMB955.6 million, a 94.4% increase compared to the same period last year.

• The company’s core business remains the research, development, production, and sale of multilayer and high-layer-count printed circuit boards (PCBs), with server PCBs accounting for about 90% of revenue.

• Major capacity expansions and technology upgrades at the Guangzhou and Thailand facilities supported growth and improved operational efficiency.

Financial highlights

• Revenue: RMB4,388.3 million, up 81.0% year-over-year.

• Net profit: RMB955.6 million, up 94.4% year-over-year.

• Basic EPS: RMB2.14, up from RMB1.16 in the prior year.

• Gross margin improved due to product mix optimization and higher sales to computing power customers.

• Net cash flows from operating activities: RMB936.9 million, up 106.8% year-over-year.

• Total assets: RMB12.91 billion, up from RMB7.54 billion at year-end 2025.

• Net assets: RMB7.93 billion, up from RMB3.98 billion at year-end 2025.

Outlook and guidance

• The company expects to benefit from robust industry trends, with global PCB output value projected to grow by 18.8% in 2026.

• Strategic focus remains on high-performance PCBs for AI servers, advanced communications, and automotive electronics.

• Ongoing capacity expansion in Thailand and Guangzhou, with new production lines and R&D investments to support future growth.

• Emphasis on customer-centricity, technology leadership, and supply chain security to capture market opportunities.