Hong Kong Stock Movement: Suzhou Dongshan Precision Manufacturing (02384) Surges Over 10%; Company's Optical Module Business Explodes with Growth, Customer Introduction from Salcomp Acquisition Gradually Yielding Results

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8 hours ago

Suzhou Dongshan Precision Manufacturing Co., Ltd. (02384) surged more than 10% during intraday trading, up 10.1% as of press time to HK$101.5, with a turnover of HK$96.2427 million.

On the news front, Suzhou Dongshan Precision Manufacturing Co., Ltd. recently released its third-quarter results. A research report from Soochow Securities pointed out that the company achieved operating revenue of RMB 45.379 billion in the first three quarters of 2026, a year-on-year increase of 67.63%; net profit attributable to shareholders was RMB 5.289 billion, a year-on-year increase of 332.34%. The high growth was mainly driven by the consolidation of Salcomp and GMD, the explosive growth of the optical module business, and steady growth in traditional businesses. R&D expenses reached RMB 1.365 billion, a year-on-year increase of 47.05%, with continued investment in high-speed optical chips, optical modules, and AI PCBs.

Soochow Securities stated that since the acquisition of Salcomp, Suzhou Dongshan Precision Manufacturing Co., Ltd.'s customer introduction efforts have gradually shown results. The company is actively engaging with downstream core customers and advancing capacity construction and delivery assurance. Global AI computing power demand remains strong, with 800G as the current mainstream and 1.6T gradually ramping up. Technological iteration is expected to increase product value. The company's partial self-development and self-production of optical chips helps optimize costs and improve profitability. DSP supply is generally controllable, allowing priority assurance of deliveries to core customers. The third-quarter report shows that Salcomp's sales growth drove increases in inventory and prepaid material payments, reflecting active production and material preparation.

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