On July 9, Delton Technology (01989.HK) rose 5.07% in regular trading, trading at HK$146.1/share, with turnover of HK$6.1 million. The stock continues its recovery trajectory following the release of a strong half-year earnings forecast.

On July 7, the company announced its H1 earnings preview, projecting net profit attributable to shareholders of RMB 9.1 billion to RMB 9.6 billion, representing year-over-year growth of 85.12% to 95.29%. Non-recurring adjusted net profit is expected at RMB 8.9 billion to RMB 9.4 billion, up 86.37% to 96.84%. The company cited surging demand for AI computing hardware, technology-driven product mix optimization, and its Thailand facility becoming a second growth engine as key contributors.

The stock had previously come under significant pressure after reports that Samsung and SK Hynix were demanding substrate price cuts for H2, triggering a sector-wide selloff on July 2 with Delton plunging over 21% in a single session. The substantially better-than-expected earnings data has effectively alleviated market concerns over profitability, with Fullgoal Fund also adding 80,100 shares on July 6 at approximately HK$153 per share, lifting its stake to 6.01%.

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