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Makes printed circuit boards (PCBs) for consumer electronics, telecom and automotive customers.
Makes printed circuit boards (PCBs) for consumer electronics, telecom and automotive customers.
In one line: A Chinese mid-tier PCB manufacturer.
Moat: narrow (process know-how, customer qualification). PCB manufacturing qualification with electronics OEMs creates some switching cost, though the segment is competitive.
Headquarters: Guangzhou, China · Founded: 2003 · Employees: 4,998
Size Delton Technology (Guangzhou) (1989.HK) is a Hong Kong Information Technology company (Electronic Components) with a market value of $4.09B, the 292nd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$57.10 on 6 Nov 2026.
Performance Over six months the shares fell 72.8%, against -15.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 86.2% over the last twelve months (peer median +21.1%); the operating margin is 24.7% (peer median 11.3%).
Valuation It trades at 10.6× forward earnings against a peer median of 40.5× (cheapest of 19).
Capital Return on invested capital runs 17.1 points above its cost of capital (5.2% WACC).
Next results Next results expected around 6 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$9.84B | HK$5.94B | HK$4.03B | HK$2.95B | HK$2.81B |
| Revenue growth | — | +47% | +37% | +5% | — |
| Gross profit | HK$3.87B | HK$2.00B | HK$1.31B | HK$956M | HK$715M |
| EBITDA | n/a | HK$1.48B | HK$967M | HK$766M | HK$493M |
| Net income | HK$2.03B | HK$1.10B | HK$733M | HK$458M | HK$325M |
| Free cash flow | -HK$2.09B | -HK$290M | -HK$25.7M | HK$112M | -HK$29.5M |
| Capital expenditure | HK$4.12B | HK$1.42B | HK$897M | HK$471M | HK$531M |
| Total debt | HK$3.39B | HK$1.53B | HK$1.01B | HK$804M | HK$795M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Delton Technology (Guangzhou) 1989.HK | $4.09B | -73% | +86% | 25% | 10.6× | n/a |
| Victory Giant Technology (HuiZhou) 2476.HK | $13.6B | -67% | +45% | 26% | 12.4× | n/a |
| Shennan Circuit 002916.SZ | $20.4B | -36% | +51% | 18% | 22.6× | n/a |
| TTM Technologies TTMI | $7.01B | -58% | +38% | 12% | 8.5× | 24.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1989.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -54.5% | -25.4% | lowest of 21 |
| 6-month return | -72.8% | -15.1% | lowest of 20 |
| Distance from 52-week high | -74.3% | -47.8% | lowest of 21 |
| Revenue growth (TTM) | +86.2% | +21.1% | highest of 21 |
| Operating margin | 24.7% | 11.3% | 3rd highest of 21 |
| Forward P/E | 10.6× | 40.5× | cheapest of 19 |
| ROIC minus cost of capital | +17.1 pp | -1.1 pp | 2nd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |