Changes in Hong Kong stocks | Dazu CNC (03200) rose nearly 7% in the afternoon, Q2 net interest rate hit a new high in a single quarter. Institutions are optimistic that the performance continues to exceed expectations

The Zhitong Finance App learned that Dazu CNC (03200) rose nearly 7% in the afternoon. As of press release, it had risen 6.44% to HK$100, with a turnover of HK$182 million.

According to the news, Dazu CNC recently released interim results. Revenue for the first half of the year was 4.985 billion yuan, up 109.29% year on year; net profit to mother was 957 million yuan, up 263.45% year on year. China Merchants Securities pointed out that the increase in performance was mainly due to a sharp increase in orders for all products. Dazu CNC continued to exceed expectations in the past few quarters. It is one of the companies with the highest level of fulfillment in the PCB equipment sector, and the Q2 net interest rate reached a record high in a single quarter.

The bank said that Dazu CNC is the global leader in PCB equipment and is in a new round of high-quality growth channels. It continues to be optimistic that drilling faucet mechanical drills and laser drills (ultra-fast) dual card positions are leading, and the advantages of a platform-based layout are beginning to accelerate expansion. Under the trend of downstream computing power PCB production expansion and technology upgrading, we are optimistic about Dazu's core card position, technology leadership, high-end product upgrades, and long-term space in the PCB equipment industry. The performance is expected to continue to exceed expectations and maintain a “highly recommended” rating.