Changes in Hong Kong stocks | Dazu CNC (03200) rose more than 4% in early trading, net profit increased 263% in the first half of the year, plans to build a special PCB equipment base in Malaysia

The Zhitong Finance App learned that Dazu CNC (03200) rose more than 4% in early trading. As of press release, it had risen 3.82% to HK$108.8, with a turnover of HK$496.91 million.

According to the news, Dazu CNC announced results. Revenue for the first half of the year was 4.985 billion yuan, up 109.29% year on year; net profit attributable to shareholders of listed companies was 957 million yuan, up 263.45% year on year. According to calculations, net profit for the second quarter was 634 million yuan, an increase of 96% over the previous quarter. The increase in performance was mainly due to a significant increase in demand for high-end AIPCB, continued high investment in downstream PCB companies, and a sharp increase in orders for the company's entire product line.

It is worth noting that through a newly established wholly-owned Hong Kong subsidiary, Dazu CNC plans to invest in the construction of a special PCB equipment production, R&D and supporting service project in Malaysia. The total investment is estimated to be no more than 180 million US dollars. Judging from the production capacity plan, after the project is completed and fully delivered, it is expected to achieve an annual production capacity of 400 units/set of high-end PCB special equipment.