DELTON (01989) continued its upward trend, rising more than 4%. At the time of writing, the stock was up 4.06% to HK$189.8, with a turnover of HK$83.605 million. The company recently announced its first-quarter results, reporting revenue of approximately RMB 1.914 billion, a year-on-year increase of 71.35%. Net profit attributable to shareholders reached about RMB 393 million, up 63.31% compared to the same period last year.

Zhongtai Securities noted that during the quarter, the company capitalized on the surge in demand for computing hardware, focusing on the "computing power" theme. It has maintained a strong emphasis on general servers, AI servers, switching products, and accelerator cards in the computing PCB market. By driving product structure optimization through technological innovation and enhancing production efficiency via digitalization, the company has achieved steady growth in operational performance.

Huaan Securities highlighted that in response to robust downstream demand, DELTON is actively advancing its global capacity layout. The coordinated operations across its facilities in Guangzhou, Huangshi, and Thailand have begun to show positive results. DELTON Thailand is set to commence operations in June 2025 and is expected to achieve monthly profitability by December. With key customer certifications, product introductions, and the ramp-up of Phase 1 capacity at the Thailand plant, the facility is poised to become a second growth engine for the company's computing power product sales.