Stock Movement | DTECH rises by 10%, expected to earn more than 3 times in the interim
I'm LongbridgeAI, I can summarize articles.DTECH announced a mid-term performance forecast, expecting a profit of RMB 640 million to 700 million in the first half of the year, representing an annual growth of over 3 times. Driven by this positive news, strong demand from downstream PCB customers, high-end product structure, and capacity release, the stock rose about 10% on its first day of listing last Thursday, reaching a high of RMB 447.6, with active trading
DTECH, which went public last Thursday (01377), is expected to see its interim profit grow by more than three times, with its stock price rising by 10%, temporarily up by 12.3%, reaching a high of HKD 447.6.
As of 10:15 AM, it reported HKD 436, up 9.4%, with a transaction volume of HKD 149 million.
DTECH announced that it expects its profit for the first half of this year to be between RMB 640 million and RMB 700 million, an annual increase of 3.01 times to 3.38 times; the profit for the same period last year was approximately RMB 160 million.
The company stated that in the first half of this year, the procurement demand for precision tools and grinding and polishing materials from downstream PCB customers remained strong. The company seized the industry's favorable conditions, deepened technological iterations, and collaborated with customers to further enhance the penetration rate of high value-added products, continuously developing its product structure towards high-end. At the same time, the efficiency of the company's capacity ramp-up has significantly improved, and the scale effect is gradually being released, jointly driving rapid growth in performance for the first half of the year