Kingboard Holdings (148.HK) surged over 10% during Hong Kong trading to HK$50.50.

The results-driven rally followed the company's interim report: first-half 2026 revenue reached HK$29.13 billion, up 35% year on year, while net profit attributable to shareholders came in at HK$2.71 billion, a 5% increase. The board declared an interim dividend of HK$0.73 per share.

The group's copper-clad laminate segment saw meaningful gains in both volume and profit as AI demand fuelled shortages in high-frequency, high-speed products. Upstream cost increases in copper foil and electronic-grade glass cloth accelerated pricing adjustments into the second quarter. Kingboard's vertically integrated model allowed the higher laminate prices to flow directly into the bottom line.

Chairman Cheung Kwok Wing said current order demand already exceeds next year's capacity, describing the outlook as exceptionally strong.