Makers of the tiny building blocks inside electronics — capacitors, connectors and circuit parts that go into phones, cars and appliances.
Contains
News movingElectronic Components
China
Electronic Components▲
Inno Laser completes acceptance of first ultrafast laser drilling equipment order in IC substrate sector
Inno Laser disclosed on October 10 during an investor relations event that its ultrafast laser drilling equipment secured its first order in the IC substrate sector at the end of 2025, and completed acceptance in the first half of this year. The company said the equipment offers advantages such as customized lasers, independently designed optical systems, and fast iteration response. The equipment can meet precision drilling needs for substrate-like PCBs and various specifications of PCB, and customer validation is currently being accelerated.
301021.CS · Demand · Positive Inno Laser secured its first ultrafast laser drilling equipment order in the IC substrate sector and completed customer acceptance, a concrete product order/adoption event.
Halo Microelectronics hit again by former employee's $3.5 million arbitration claim; two disputes in under a month total over RMB 70 million
Halo Microelectronics announced on the evening of October 9 that the company and its wholly owned subsidiary Halo Microelectronics International Corporation recently received arbitration application materials served by JAMS. The claimant, Darson Zhang, has filed a claim for $3.5 million, approximately RMB 23.456 million. The case has been accepted but has not yet gone to hearing. Darson Zhang previously worked at HMI and was granted stock options. He alleges that after his departure the company failed to cooperate in repatriating stock proceeds and exercising his remaining stock options, amounting to breach of contract, misappropriation of property, and wrongful termination. The claim involves approximately $1.75 million in withheld stock value and approximately $1.75 million in unexercised option value. He also requests that this case be consolidated with the arbitration Halo Microelectronics filed in November 2025 against Nam David Ingyun and others. Less than a month earlier, Halo Microelectronics disclosed a lawsuit brought by Nam David Ingyun, former CEO of a controlled subsidiary, on labor dispute grounds. He sought to exercise approximately 3.2576 million stock options, or otherwise claim RMB 48.4406 million in damages. The two lawsuits and arbitrations together involve claims totaling approximately RMB 71.8966 million. Halo Microelectronics said that in the first half of 2025 it discovered that the individuals involved were suspected of stealing trade secrets, breaching fiduciary duties, and engaging in unfair competition. It therefore suspended their vested but unexercised options and temporarily withheld cooperation on capital outflows. The company described this arbitration as a counterclaim and said it will actively defend itself. In addition, the South Korean controlled subsidiary Zinitix was designated as an administrative issue stock starting September 3 because its market capitalization fell below 20 billion Korean won for 30 consecutive trading days, putting it at risk of delisting. Its revenue in the first half of 2026 was RMB 82.8094 million, accounting for 15.66% of Halo Microelectronics' revenue in the same period, with related goodwill of RMB 64.2175 million. Halo Microelectronics' revenue in the first half of 2026 was RMB 529 million, up 13.35% year on year. Net profit attributable to the parent narrowed its loss by 32.02% year on year, but the company still posted a loss of RMB 30.3779 million.
688173.CG · Regulation · Negative Faces a $3.5M arbitration claim from a former employee over withheld stock proceeds and options, adding to a second dispute totaling ~RMB 71.9M.
BOE Technology Responds: Mass Production of Glass-Based Packaging Substrates Requires New Production Line Investment
BOE Technology stated on its investor interaction platform on October 10, in response to investor questions, that if the company's glass-based packaging substrate business reaches the conditions for a mass production decision, it will need to invest in building a new mass production line. Previously, investors had asked BOE Technology whether achieving mass production would require investing in a new production line, given that the company's glass substrates have already passed testing by multiple customers.
000725.CS · Capital · Neutral BOE says mass production of glass-based packaging substrates would require investing in a new production line, a capex decision contingent on future conditions.
Egide Group announced that it experienced a cyberattack on October 6, 2026 through a third-party IT service provider. The incident, detected by the service provider, may have affected certain systems at the company's Bollène facility, and as a preventive measure operations there are partially suspended. Egide SA's technical teams immediately moved to contain the incident and mitigate its impact, working closely with the service provider, whose recovery efforts were still ongoing at the time of the press release, while external experts have been engaged to provide support. The company said technical investigations are primarily aimed at determining the nature and scope of potentially affected data, and that it has informed the competent authorities, including the French data protection authority CNIL, and filed a formal complaint with the relevant judicial authorities. Egide, a worldwide provider of hermetic packages and interconnection solutions for sensitive electronic components listed on Euronext Growth Paris under the ticker ALGID, said it will provide the market with updates on any material developments.
ALGID.PA · Technology · Negative Cyberattack via a third-party IT provider may have affected systems at its Bollène facility, forcing partial suspension of operations.
Guoli Electronics expects Q3 2026 net profit to rise 35.11%–62.13% year-on-year
Guoli Electronics announced that it expects net profit attributable to owners of the parent company in the third quarter of 2026 to be 27 million to 32.4 million yuan, up 35.11% to 62.13% year-on-year. The change in performance is mainly due to continued volume growth in capacitor products, accelerated volume growth in high-power magnetrons and klystrons in strategic new scenarios, and effective cost and expense control. The company's Q3 net profit is expected to be 27 million to 32 million yuan, compared with 25 million yuan in Q2, implying a quarter-on-quarter increase of 8% to 30%.
688103.CG · Demand · Positive Continued volume growth in capacitor products and accelerated volume growth in high-power magnetrons and klystrons in strategic new scenarios drove the Q3 profit guidance up 35.11%–62.13% YoY.
Guoli Electronics loses first-instance patent infringement lawsuit, ordered to pay 24.0867 million yuan, plans to appeal
Guoli Electronics disclosed on the evening of October 9 that the company and its controlled subsidiary lost a first-instance patent infringement dispute and were ordered to stop manufacturing, selling, and offering to sell relay models related to the patents involved, and to pay a total of 24.0867 million yuan in compensation to Xiamen Hongfa Electric Power Co., Ltd. The company said it will appeal, and the first-instance judgment has not yet taken legal effect. The total amount involved in the case is 60 million yuan. The defendants include Guoli Electronics, its controlled subsidiary Kunshan Guoli Yuantong New Energy Technology Co., Ltd., and its wholly owned subsidiary Kunshan Ruipu Electric Co., Ltd. The company also needs to bear case acceptance fees of 148,200 yuan. Guoli Electronics said it filed a second patent invalidation declaration against the patents involved on July 17, 2026, which is currently under review. At the same time, the company and its subsidiaries have filed a lawsuit with the Suzhou Intermediate People's Court against Xiamen Hongfa for infringing four of their patents, and the court has accepted the case but has not yet held a hearing. The third-quarter earnings forecast disclosed on the same day shows that the company expects third-quarter operating revenue of 450 million to 540 million yuan, a year-on-year increase of 22.20% to 46.65%, and net profit attributable to the parent company of 27 million to 32.4 million yuan, a year-on-year increase of 35.11% to 62.13%.
688103.CG · Regulation · Negative Lost first-instance patent infringement suit, ordered to stop making/selling the relay models and pay 24.0867 million yuan to Hongfa.
688103.CG · Capital · Positive Same-day Q3 forecast shows revenue up 22.20%-46.65% and net profit up 35.11%-62.13% year-on-year.
Xiamen Hongfa Electric Power Controls Co., Ltd. · Regulation · Positive Won first-instance patent infringement ruling against Guoli Electronics, which must stop selling the infringing relays and pay 24.0867 million yuan.
昆山国力源通新能源科技有限公司 · Regulation · Negative Named as a defendant in the patent suit, ordered to stop manufacturing/selling the infringing relay models and share in the compensation.
昆山瑞普电气有限公司 · Regulation · Negative Named as a defendant in the patent suit, ordered to stop manufacturing/selling the infringing relay models and share in the compensation.
Fangbang Shares shareholder Yi Hongqiong reduces stake by 860,000 shares; director Ye Yong reduces by 110,000 shares
Fangbang Shares announced on October 9 that shareholder Yi Hongqiong reduced her stake by a cumulative 860,000 shares through block trading and centralized bidding, accounting for 1.04% of the company's total share capital, with total reduction proceeds of 165 million yuan. Director Ye Yong reduced his stake by 110,000 shares through centralized bidding, accounting for 0.13% of total share capital, with total reduction proceeds of 27.68 million yuan. In the first half of 2026, Fangbang Shares achieved revenue of 173 million yuan and a net loss attributable to the parent company of 33 million yuan.
688020.CG · Capital · Negative Shareholder Yi Hongqiong cut 860,000 shares and director Ye Yong cut 110,000 shares, signaling insider selling in Fangbang Shares.
Guoli Electronics expects Q3 net profit attributable to parent to rise 35.11% to 62.13% year on year
Guoli Electronics announced on October 9 that it expects third-quarter 2026 operating revenue of 450 million to 540 million yuan, an increase of 81.76 million to 172 million yuan compared with the same period last year, up 22.20% to 46.65% year on year. Net profit attributable to the parent is expected to be 27 million to 32.4 million yuan, an increase of 7.02 million to 12.42 million yuan from a year earlier, up 35.11% to 62.13% year on year. Net profit after deducting non-recurring items is expected to be 26 million to 31.2 million yuan, up 38.28% to 65.94% year on year. The company said the improvement mainly came from continued expansion in new products, new customers and new markets, with capacitor products continuing to ramp up volume, business scale expanding rapidly and profitability steadily improving. At the same time, high-value-added products accelerated volume growth in strategic new scenarios, creating new profit growth points, while cost reduction and efficiency gains improved operating efficiency. In the first half of 2026, Guoli Electronics achieved revenue of 707 million yuan and net profit attributable to the parent of 31.51 million yuan.
688103.CG · Demand · Positive Guoli Electronics expects Q3 revenue up 22-47% and net profit up 35-62% on expansion in new products, customers and markets with capacitor products ramping volume.
Kinwong Electronic Expects Q3 Net Profit to More Than Triple; China Jushi Forecasts 100% to 110% Rise for First Three Quarters
On the evening of October 9, multiple listed companies on the Shanghai and Shenzhen exchanges released positive announcements. Kinwong Electronic expects net profit attributable to owners of the parent in the third quarter of 2026 to be between 912 million and 1.089 billion yuan, up 205.46% to 264.74% year on year and up 147.20% to 195.18% quarter on quarter. China Jushi expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 5.136 billion and 5.393 billion yuan, up 100% to 110% year on year. Hongfuhan expects net profit for the same period to be between 170 million and 200 million yuan, up 108.19% to 144.93% year on year. In mergers and acquisitions, Zerun New Energy plans to acquire no less than 51% equity in Hechuang Intelligent Manufacturing with cash, with the total consideration initially not exceeding 204 million yuan, as a way to quickly enter the thermal management sector. Aerospace Engineering's controlling subsidiary Aerospace Hydrogen Energy plans to acquire a 45% stake in Xinxiang Gas with 191 million yuan of its own funds, raising its shareholding from 55% to 100%. In addition, Li'ang Micro plans to acquire a 3.6221% stake in Jinruihong Microelectronics through public bidding, with a floor price of 269 million yuan, raising its direct shareholding from 57.4403% to 61.0624%. Yuguang Gold and Lead's semiconductor optoelectronic new materials technology industrialization base project is in the preliminary preparation stage, and Daqo Energy has initiated research and development projects around new energy storage equipment and solid-state transformers.
301086.CS · Capital · Positive Hongfuhan expects net profit for the first three quarters of 2026 to rise 108.19% to 144.93% year on year.
600176.CG · Capital · Positive China Jushi forecasts first-three-quarter 2026 net profit up 100%-110% year on year.
603228.CG · Capital · Positive Kinwong Electronic expects Q3 2026 net profit to more than triple year on year.
600531.CG · Technology · Neutral Yuguang Gold and Lead's semiconductor optoelectronic new materials industrialization base is only in preliminary preparation stage.
BOE unveils fourth-generation Oriental Screen, to debut on OnePlus 16 flagship phone
On October 9, BOE and OnePlus jointly launched the fourth-generation Oriental Screen, which will debut on the upcoming OnePlus 16 flagship phone. The screen uses BOE's f-OLED high-end flexible display technology and adopts industry-leading new-generation luminescent materials. It is the industry's first screen to achieve a global ultra-high refresh rate of 165Hz through full-chain hardware, 185Hz in specific scenarios such as esports, and to comply with dynamic clarity standards. Previously, BOE, OPPO, OnePlus and others jointly released the group standard 'Test Method for Dynamic Clarity of Ultra-High-Definition OLED Display Devices'. The fourth-generation Oriental Screen is the first OLED phone screen mass-produced under this dynamic clarity standard after its release. According to the introduction, the fourth-generation Oriental Screen improves picture continuity by 47%, reduces afterimages by 52%, increases display speed by 35%, shortens control time by 11.1 milliseconds, and improves control speed by 25%. In terms of ultra-low power consumption, it is equipped with the first 22-nanometer display driver chip and the first touch chip customized for OnePlus. Compared with the previous generation, brightness increases by 10% while power consumption decreases by 15%. BOE currently has three mass-produced sixth-generation flexible OLED production lines and one mass-produced 8.6-generation OLED production line. According to Omdia data, its flexible OLED shipments have long ranked first domestically and second globally.
000725.CS · Technology · Positive BOE launched its fourth-generation Oriental Screen with f-OLED tech and new luminescent materials, debuting on OnePlus 16
200725.CS · Technology · Positive BOE unveiled the fourth-generation Oriental Screen, an advanced flexible OLED display debuting on OnePlus 16
一加 · Technology · Positive OnePlus 16 flagship will debut BOE's fourth-generation Oriental Screen, with a touch chip customized for OnePlus
Multiple A-share Companies Release Positive Third-Quarter Earnings Forecasts; China Jushi Net Profit Doubles Year on Year
On the evening of October 9, multiple A-share listed companies released positive earnings forecasts for the first three quarters of 2026. China Jushi expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 5.136 billion yuan and 5.393 billion yuan, an increase of 100% to 110% year on year. The company said demand increased in major downstream application areas for fiberglass, with both product volume and prices rising. Shaoneng Group expects net profit of 278 million yuan to 302 million yuan, an increase of 61.12% to 75.03% year on year, as operating results in clean renewable energy and precision intelligent manufacturing grew year on year, and the papermaking business significantly narrowed losses. Hongfuhan expects net profit of 170 million yuan to 200 million yuan, an increase of 108.19% to 144.93% year on year, with the liquid cooling plate cabinet module business completing mass production delivery and becoming the core growth driver. Kinwong Electronic expects net profit attributable to owners of the parent company for the third quarter of 2026 to be between 912 million yuan and 1.089 billion yuan, an increase of 205.46% to 264.74% year on year and 147.20% to 195.18% quarter on quarter, benefiting from accelerated mass production and shipment of high-performance PCBs in high-speed communications and AI data infrastructure. Guanghe Technology expects net profit for the first three quarters of 1.45 billion yuan to 1.5 billion yuan, an increase of 100.33% to 107.23% year on year, and non-GAAP net profit of 1.42 billion yuan to 1.47 billion yuan, an increase of 101.84% to 108.94% year on year. The company focuses on the computing power PCB market for general-purpose servers, AI servers, switching products, and accelerator cards. Guanghe Thailand completed core customer certification and gradually released production capacity, achieving profitability during the reporting period.
000601.CS · Capital · Positive Shaoneng Group forecasts net profit up 61%-75% YoY as clean renewable energy and precision intelligent manufacturing results grew and papermaking losses narrowed.
301086.CS · Demand · Positive Hongfuhan expects net profit up 108%-145% YoY as its liquid cooling plate cabinet module business completed mass production delivery and became the core growth driver.
600176.CG · Demand · Positive China Jushi expects net profit to double YoY as demand rose in major fiberglass downstream applications with both volume and prices up.
603228.CG · Demand · Positive Kinwong Electronic forecasts Q3 net profit up 205%-265% YoY on accelerated mass production and shipment of high-performance PCBs for high-speed communications and AI data infrastructure.
BOE and OnePlus jointly launch next-generation OLED display to offset panel price decline pressure
On October 9, BOE and OnePlus jointly launched a next-generation OLED display to offset the profitability pressure caused by falling OLED panel prices. Zhou Hua, chief analyst at CINNO Research, believes the flexible OLED panel industry is currently under significant pressure. Rising storage costs are squeezing profit margins for smartphone makers, and combined with shrinking handset demand, the supply-demand imbalance has intensified, driving panel prices steadily downward. CINNO Research expects the price of a 6.7-inch flexible OLED panel to fall to 18 US dollars in the third quarter of 2026, a decline of 50 percent compared with the first quarter of 2023. BOE Chairman Chen Yanshun said at the online briefing on the 2026 interim results on September 22 that this year has been very difficult for the OLED panel business. The storage value alone in a single phone exceeds 3,000 yuan, and global smartphone sales this year are around 1.2 billion units, down nearly 12 percent from last year. BOE's OLED business is expected to maintain growth this year, but still faces considerable operating pressure. Data from Sigmaintell show that in the first half of 2026, global shipments of flexible OLED smartphone panels totaled 350 million units, up 15.6 percent year on year. Of that, shipments from mainland China were about 200 million units, up about 5.9 percent year on year. Samsung Display ranked first with about 120 million units, while BOE ranked second globally and first in China with 81.4 million units. Wang Xiaoya, research director of Sigmaintell's mobile business unit, said the growth in shipment scale has not yet translated into improved profitability. Domestic OLED panel makers generally face considerable operating pressure, and the industry is at a critical stage of transitioning from scale expansion to value enhancement. Samsung Display's OLED panel business is currently profitable, but China's OLED panel industry as a whole has not yet reached profitability. One of BOE's goals for 2026 is to substantially improve the profitability of its OLED panel business and strive to move toward break-even. Manufacturers such as Visionox, Tianma, and TCL CSOT are also seeking breakthroughs in high-value-added products.
000725.CS · Pricing · Negative Falling flexible OLED panel prices and supply-demand imbalance squeeze BOE's OLED profitability, prompting the joint display launch to offset margin pressure.
200725.CS · Pricing · Negative Same as BOE Technology Group: declining OLED panel prices pressure its panel business margins.
一加 · Technology · Neutral OnePlus co-launched the next-generation OLED display with BOE, but the article gives no clear positive/negative impact on OnePlus itself.
三星显示 · Competition · Neutral Samsung Display is only cited as the top flexible OLED panel shipper, not the subject of the BOE-OnePlus launch.
Guoli Electronics loses first-instance patent lawsuit, ordered to pay Xiamen Hongfa 24.09 million yuan and will appeal
Guoli Electronics disclosed in an announcement on October 9 that the company, its controlled subsidiary Kunshan Guoli Yuantong New Energy Technology, and its wholly owned subsidiary Kunshan Ruipu Electric lost the first-instance ruling in a patent lawsuit against Xiamen Hongfa Power Electric. The company and its two subsidiaries were defendants in the case. The Tianjin Third Intermediate People's Court ruled in the first instance that the company must stop manufacturing, selling, and offering to sell relays of the models involved in the disputed patents, and must pay Xiamen Hongfa a total of 24.09 million yuan in compensation. The company said it will continue to monitor the case and actively pursue measures including an appeal to protect the interests of the company and its shareholders. The company had already filed a second patent invalidation request against the patents at issue on July 17, 2026, and that case is currently under review. In the first half of 2026, Guoli Electronics achieved revenue of 707 million yuan and net profit attributable to the parent company of 31.51 million yuan.
688103.CG · Regulation · Negative Lost first-instance patent lawsuit, must stop making/selling the disputed relay models and pay 24.09 million yuan.
Xiamen Hongfa Electric Power Controls Co., Ltd. · Regulation · Positive Won first-instance patent ruling against Guoli Electronics, securing injunction and 24.09 million yuan in compensation.
昆山国力源通新能源科技有限公司 · Regulation · Negative As a co-defendant subsidiary, it is subject to the injunction and the 24.09 million yuan damages award.
昆山瑞普电气有限公司 · Regulation · Negative As a co-defendant subsidiary, it is subject to the injunction and the 24.09 million yuan damages award.
Bomin Electronics' controlling shareholders Xu Huan and Xie Xiaomei, a married couple, reduced their combined holdings by 19.48 million shares, cashing out 322 million yuan
Bomin Electronics announced on October 9 that its controlling shareholders and actual controllers, the married couple Xu Huan and Xie Xiaomei, reduced their combined holdings by 19.48 million shares, cashing out 322 million yuan. Of this, Xu Huan reduced his holdings by 13.03 million shares through block trades, accounting for 2.02% of the company's total share capital, with a reduction amount of 214 million yuan; Xie Xiaomei reduced her holdings by 6.45 million shares through centralized bidding, accounting for 1% of the company's total share capital, with a reduction amount of 108 million yuan. Xu Huan and Xie Xiaomei are spouses, and both are controlling shareholders and actual controllers of Bomin Electronics. In the first half of 2026, Bomin Electronics achieved revenue of 1.864 billion yuan, with a net loss attributable to the parent company of 51.29 million yuan.
603936.CG · Capital · Negative Controlling shareholders Xu Huan and Xie Xiaomei sold 19.48 million shares for 322 million yuan, a large insider selldown signaling weak confidence.
Tengen Electric has repurchased 12.3836 million shares, paying 86.6067 million yuan
Tengen Electric announced that its board of directors approved the repurchase of shares using its own funds through centralized bidding, with a repurchase amount of no less than 75 million yuan and no more than 150 million yuan. The repurchased shares will be used for employee stock ownership plans or equity incentives. As of September 30, 2026, the company has repurchased a total of 12.3836 million shares, accounting for 2.46% of its total share capital, with a total amount paid of 86.6067 million yuan, and the repurchase price range was 5.95 yuan to 7.55 yuan per share.
605066.CG · Capital · Positive Tengen Electric repurchased 12.3836 million shares for 86.6067 million yuan under a board-approved buyback for employee stock ownership/equity incentives.
Evening announcements on October 9: Hongfuhan forecasts first three quarters net profit up 108%-145%, Jingwang Electronics forecasts third quarter growth of more than 200%
On the evening of October 9, multiple listed companies released announcements including earnings forecasts, equity transactions, and contract wins. On the earnings front, Hongfuhan expects net profit attributable to shareholders of the listed company for the first three quarters of 2026 to be between 170 million yuan and 200 million yuan, up 108.19% to 144.93% year on year, driven mainly by mass production and delivery of liquid cooling plate cabinet module business, gradual release of production capacity, and steady expansion in sales of traditional businesses such as precision functional components for consumer electronics. Jingwang Electronics expects third quarter 2026 net profit of 912 million yuan to 1.089 billion yuan, up 205.46% to 264.74% year on year, mainly because mass production shipments of high-performance PCBs accelerated in high-speed communications and AI data infrastructure. China Jushi expects first three quarters net profit of 5.136 billion yuan to 5.393 billion yuan, up 100% to 110% year on year, as downstream demand for fiberglass increased and both volume and prices rose. On equity and regulatory matters, Lion Micro intends to acquire a 3.6221% stake in Jinruihong Microelectronics through public listing at a floor price of 269 million yuan, raising its direct shareholding from 57.4403% to 61.0624%. Hainan Mining's controlling shareholder Fosun High Technology plans to transfer shares equivalent to 5% of total share capital by agreement at 9.08 yuan per share, for a total consideration of 901 million yuan. ST Nachuan has been placed on file for investigation by the China Securities Regulatory Commission over suspected illegal information disclosure in its 2023 annual report, and Yu Faxiang, the actual controller of Jiaojian and Xiangyuan Cultural Tourism, has also been placed on file for investigation by the CSRC over suspected illegal information disclosure. On orders, Jinguan Electric's wholly owned subsidiary signed an EPC framework contract for solar storage and charging projects worth no more than 296 million US dollars. Huitong Technology won a 366 million yuan contract for procurement and installation of polyester and utility equipment. Wuhan Tianyuan signed a 195 million yuan energy storage power station project contract. Weihai won a 162 million yuan flood control project for the Tiaoxi River. Wonders Information won a 114 million yuan system entrusted operation and maintenance service contract. In addition, Angelalign plans to repurchase company shares for 35 million yuan to 70 million yuan. Baiyunshan and Zhongsheng Pharmaceutical each obtained drug registration certificates. Baotou Steel plans to adjust the related-party transaction price for rare earth concentrate in the fourth quarter of 2026 to 38,769 yuan per ton excluding tax.
301086.CS · Demand · Positive Hongfuhan forecasts first three quarters net profit up 108%-145%, driven by mass production and delivery of liquid cooling plate cabinet modules and steady expansion of traditional precision component sales.
600176.CG · Demand · Positive China Jushi forecast first three quarters net profit up 100%-110% as downstream fiberglass demand increased and both volume and prices rose.
603228.CG · Demand · Positive Jingwang Electronics expects Q3 2026 net profit up 205%-265% on accelerated mass production shipments of high-performance PCBs for high-speed communications and AI data infrastructure.
601969.CG · Capital · Neutral Hainan Mining's controlling shareholder Fosun High Technology plans to transfer 5% of total share capital by agreement for 901 million yuan.
605358.CG · Capital · Neutral Lion Micro intends to acquire a 3.6221% stake in Jinruihong Microelectronics via public listing, raising its direct shareholding to 61.0624%.
Shanghai Fosun High Technology (Group) Co., Ltd. · Capital · Neutral Fosun High Technology, Hainan Mining's controlling shareholder, plans to transfer shares equal to 5% of total share capital at 9.08 yuan per share for 901 million yuan — a shareholder-level equity transfer with no clear directional read for Fosun.
Sanhuan Group has repurchased a total of 8.6462 million shares at a cost of 995 million yuan
Sanhuan Group announced that as of September 30, 2026, the company had repurchased a total of 8.6462 million A-shares through centralized bidding, accounting for 0.43% of the total share capital. The highest transaction price in this buyback was 124.99 yuan per share, the lowest was 108.33 yuan per share, and the total transaction amount was 995 million yuan.
Suncoast Equity Adds to Amphenol Position on Datacenter and AI Demand
Suncoast Equity Management's U.S. Equity Large Cap Select Growth Strategy increased its position in Amphenol Corporation, funded by selling its small Aon holding, according to the firm's Q3 2026 investor letter. The strategy said Amphenol offers a more attractive combination of organic growth, earnings momentum and long term exposure to rising datacenter and AI infrastructure spending, and that the company should also benefit from increasing connectivity and electronic content across aerospace, defense, industrial and automotive end markets independent of the AI boom. Earnings estimates have risen materially, with expected growth of +60% in 2026 and +22% in 2027. Amphenol closed at $87.55 on October 07, 2026, with a $215.89 billion market capitalization, a 29.57% year-to-date gain and a 52-week range of $59.01 to $89.93. The strategy advanced 4.2% after fees in the third quarter, compared to 2.3% for the S&P 500, and has risen 14.5% after fees since March.
APH · Demand · Positive Suncoast added to Amphenol citing organic growth and rising datacenter/AI infrastructure spending plus connectivity content across aerospace, defense, industrial and automotive end markets.
AON · Capital · Negative Suncoast sold its small Aon holding to fund the Amphenol purchase, a portfolio reallocation away from Aon.
Zhucheng Technology Plans to Invest Up to 409 Million Yuan in Southwest Headquarters Base for Communication Connectors
Zhucheng Technology announced that its board of directors has approved a proposal to invest in the construction of a Southwest headquarters base project for communication connectors, with a total investment of no more than 409 million yuan, funded by its own capital and bank loans. The project will mainly build production lines for high-speed backplane connectors, I/O connectors, liquid cooling modules, and related supporting facilities. The proposal still needs to be submitted to the shareholders' meeting for review.
301280.CS · Capital · Positive Zhucheng Technology approved a 409 million yuan investment in a Southwest headquarters base for communication connectors, funded by own capital and bank loans.
Nanya New Material Technology plans 740 million yuan capital increase for Jiangsu subsidiary to advance AI computing copper-clad laminate project
Nanya New Material Technology announced on the evening of October 8 that the second meeting of the company's fourth board of directors reviewed and approved a proposal to use 740 million yuan of raised funds to increase capital in its wholly owned subsidiary Nanya New Material Technology Jiangsu Company Limited, in order to advance the construction of the fundraising project. Of the 740 million yuan capital increase, 50 million yuan will be included in paid-in capital and 690 million yuan will be included in capital reserves. After the capital increase is completed, Jiangsu Nanya's registered capital will rise from 200 million yuan to 250 million yuan, and the shareholding structure will remain unchanged, with the company still a wholly owned subsidiary. The matter does not need to be submitted to a shareholders' meeting for review, and the sponsor institution Everbright Securities has issued a verification opinion. The funds come from the proceeds of the company's 2025 A-share private placement, which involved the issuance of 3,224,535 shares at 279.11 yuan per share, raising total proceeds of about 900 million yuan and net proceeds of 889 million yuan after deducting issuance expenses. Pan-China Certified Public Accountants issued a capital verification report on September 24, 2026. According to the prospectus, the net proceeds after deducting issuance expenses will be allocated to two major projects: 740 million yuan is planned for the research, development and industrialization of high-end high-frequency high-speed copper-clad laminates based on AI computing power, and 148.7245 million yuan is planned for a supplementary working capital project. Jiangsu Nanya is the implementing entity for the AI computing materials project. Jiangsu Nanya was established on April 19, 2024, with its registered address in Haimen District, Nantong City, Jiangsu Province, and its legal representative is Zhang Liu. It is 100 percent owned by Nanya New Material Technology. As of the end of 2025, its total assets were 81.4876 million yuan and net assets were 81.3726 million yuan. By the end of June 2026, total assets had increased to 218.1253 million yuan and net assets to 207.2758 million yuan. Because it is still in the construction phase, it has not yet generated operating revenue, and it recorded a net loss of 1.6798 million yuan in the first half of 2026. The company said the capital increase is based on the construction needs and funding requirements of the fundraising project, will help ensure the smooth implementation of the project, and will not have a material adverse impact on production and operations.
688519.CG · Capital · Positive Nanya New Material Technology is using 740 million yuan of raised funds to increase capital in its Jiangsu subsidiary to advance the AI computing copper-clad laminate project.
Nanya New Material Technology to use 740 million yuan of raised funds to increase capital in wholly-owned subsidiary for AI computing copper-clad laminate project
Nanya New Material Technology announced that its board of directors has reviewed and approved multiple proposals, agreeing to use 740 million yuan of raised funds to increase capital in a wholly-owned subsidiary for the implementation of the "Research, Development and Industrialization Project of High-End High-Frequency High-Speed Copper-Clad Laminates Based on AI Computing Power." In addition, the board reviewed and approved that the vesting conditions for the first vesting period of the initial grant under the 2025 restricted stock incentive plan have been met, with 99,568 shares eligible for vesting; 283,232 granted but unvested restricted shares will be forfeited; and the lock-up period for the 2025 employee stock ownership plan has expired with unlocking conditions met, allowing 454,780 shares to be unlocked.
688519.CG · Capital · Positive Board approved using 740 million yuan of raised funds to capitalize a subsidiary for the AI computing copper-clad laminate project.
688519.CG · Regulation · Positive Restricted stock incentive plan vesting conditions met and employee stock ownership plan lock-up expired with unlocking conditions met.
Jones Tech repurchases 540,000 shares for 31.1 million yuan
Jones Tech announced on October 8 that as of September 30, 2026, the company had repurchased 540,000 shares, accounting for 0.18% of total share capital. The transaction price range for this buyback was 46.76 yuan to 89.95 yuan per share, with total repurchase funds paid amounting to 31.1 million yuan. In the first half of 2026, Jones Tech achieved revenue of 828 million yuan and net profit attributable to the parent company of 138 million yuan.
ZhuCheng Technology Plans to Invest Up to 409 Million Yuan to Build Southwest Headquarters Base for Communication Connectors
ZhuCheng Technology announced on October 8 that the company plans to invest in the construction of a Southwest headquarters base project for communication connectors, with a total investment not exceeding 409 million yuan, funded by the company's own capital and bank loans. The project mainly includes the construction of multiple product production lines such as high-speed backplane connectors and I/O connectors, along with related supporting facilities, with an expected construction period of 24 months. In mid-2026, ZhuCheng Technology achieved revenue of 1.225 billion yuan and net profit attributable to the parent company of 132 million yuan.
301280.CS · Capital · Positive ZhuCheng Technology plans to invest up to 409 million yuan in a Southwest headquarters base for communication connectors, expanding production capacity.
Gettop Acoustic to invest US$30 million to set up subsidiary in Thailand
Gettop Acoustic announced on October 8 that it plans to use US$30 million of its own funds to invest through its wholly-owned subsidiary Hong Kong Gettop in establishing Gettop Acoustic Thailand Co., Ltd. in Thailand, and to carry out project construction there. The company said this outbound investment is aimed at accelerating its overseas market strategic layout and expanding overseas channels, and is a prudent decision based on strategic development that will help further accelerate the company's global expansion. In the first half of 2026, Gettop Acoustic achieved revenue of 717 million yuan and net profit attributable to the parent of 13.77 million yuan.
002655.CS · Capital · Positive Gettop Acoustic plans to invest US$30 million of its own funds to set up a Thailand subsidiary for overseas expansion.
香港共达 · Capital · Positive Hong Kong Gettop, the wholly-owned subsidiary, is the vehicle through which the US$30 million Thailand investment will be made.
Pengding Holdings September consolidated revenue hits 4.959 billion yuan, up 16.38% year on year
Pengding Holdings announced on October 8 that its consolidated operating revenue for September 2026 was 4.959 billion yuan, an increase of 16.38% compared with the same period last year. In the first half of 2026, Pengding Holdings achieved revenue of 17.217 billion yuan and net profit attributable to the parent of 1.284 billion yuan.
002938.CS · Capital · Positive Pengding Holdings (Avary Holding) reported September consolidated revenue of 4.959 billion yuan, up 16.38% year on year.
Corning Incorporated's Board of Directors declared a quarterly dividend of $0.28 per share on October 6, 2026. The dividend will be payable on December 11, 2026, to shareholders of record on November 13, 2026. The declaration was announced by the Corning, New York-based materials science company, whose shares trade on the New York Stock Exchange under the ticker GLW.
KCE Extends Gains 4%, Broker Expects Q3 2026 Profit to Jump 66% to 495 Million Baht, Sets 97 Baht Target
Shares of KCE Electronics Public Company Limited, or KCE, rose 3.85% to 81.00 baht on trading value of 1.51264 billion baht after Krungsri Securities Public Company Limited estimated that normal profit in the third quarter of 2026 will come in at about 495 million baht, up 66% from the same period a year earlier and up 119% from the previous quarter. Revenue for the third quarter of 2026 is expected at about 4.11 billion baht, up 19% from a year earlier and 15% from the previous quarter, driven by the printed circuit board business, or PCB, which accounts for roughly 85% of total revenue. The gross profit margin is expected to rise to about 25%, from 18.9% in the second quarter of 2026 and 21% in the third quarter of 2025, thanks to operating leverage and higher selling prices. Krungsri Securities maintained its normal profit forecast for 2026 at about 1.404 billion baht, up roughly 77% from the previous year, and expects profit in 2027 to accelerate by another 82% to 2.562 billion baht on revenue projected to grow about 25% to 18.514 billion baht. It kept its buy recommendation and a 2027 target price of 97 baht per share, naming KCE its top pick in the electronic components sector.
KCE.BK · Capital · Positive Krungsri Securities expects Q3 2026 normal profit to jump 66% to 495 million baht, keeps buy rating and 97 baht target price, naming KCE top pick in electronic components
Krungsri flags electronics stocks as standout play on AI cycle, recommends holding DELTA and KCE long-term
Analysts say electronics stocks remain the group leading the market higher, driven directly by the artificial intelligence infrastructure investment cycle, or AI capex cycle. Suwat Wattanapornprom, Director of Investment Strategy at Krungsri Securities, noted that leading global chipmaker Nvidia is targeting growth of as much as 70–100%, reflecting enormous trading opportunities. Meanwhile, the GPU shortage is likely to ease as production capacity rises and new manufacturers enter, bringing supply into better balance. On the earnings outlook, electronics stocks are expected to post continued improvement in the third quarter of 2026, and should sustain their growth momentum in the fourth quarter of 2026, supported by a steady stream of forward orders under the capex cycle extending through 2026 and 2027. The top picks are Delta Electronics (Thailand), or DELTA, with a fundamental target price of 320 baht, and KCE Electronics, or KCE, with a fundamental target price of 97 baht. Analysts at Phillip Securities (Thailand) expect DELTA's third-quarter 2026 net profit at 8.319 billion baht, up both year-on-year and quarter-on-quarter, and have rolled their target price forward to 2027 at 330 baht. Analysts at KGI Securities (Thailand) expect KCE's third-quarter 2026 core profit to rise to 514 million baht, up 78% from the same period a year earlier and 113% from the previous quarter, with core profit for the first nine months of 2026 likely to rise to 937 million baht, up 45% year-on-year, and estimate a end-2027 target price of 62 baht.
DELTA.BK · Capital · Positive Krungsri names DELTA a top pick with a 320 baht target and Phillip Securities rolls its target to 330 baht on expected Q3 2026 profit growth.
KCE.BK · Capital · Positive Krungsri names KCE a top pick with a 97 baht target and KGI forecasts Q3 2026 core profit up 78% year-on-year.
NVDA · Demand · Positive Article cites Nvidia targeting 70-100% growth as the driver of the AI capex cycle lifting electronics stocks.
Shennan Circuits Chairman Yang Zhicheng Retires, Yang Zhiqin Takes Over
Shennan Circuits announced on October 7 that Chairman Yang Zhicheng has resigned after reaching the statutory retirement age, with the resignation taking effect upon delivery to the board of directors. The company held a board meeting on September 30, 2026, electing Yang Zhiqin as the new chairman, with a term lasting until the end of the fourth board of directors' tenure. Yang Zhiqin will also serve as the company's legal representative. In the first half of 2026, Shennan Circuits achieved revenue of 15.296 billion yuan and net profit attributable to the parent company of 2.251 billion yuan.
002916.CS · · Neutral Chairman Yang Zhicheng retires and Yang Zhiqin is elected chairman; a leadership change with no stated operational or financial impact.
Victory Giant Technology's first employee stock ownership plan for 2026 has not yet purchased shares, plans to raise no more than 700 million yuan
Victory Giant Technology announced on the evening of September 30 that its first phase A-share employee stock ownership plan for 2026 has opened a securities account with China Securities Depository and Clearing Corporation Limited, but as of the disclosure date it has not yet purchased company shares. The plan was approved at the seventeenth meeting of the fifth board of directors on July 20, 2026, and at the third extraordinary shareholders' meeting on September 18, 2026. It plans to raise total funds of no more than 700 million yuan, with participants including directors, senior management, and core backbone staff totaling no more than 564 people. On the same day, the company also released a draft 2026 A-share restricted stock incentive plan, proposing to grant no more than 4,862,400 restricted shares to 1,545 incentive recipients, accounting for approximately 0.4948 percent of the company's total share capital. The company stated that the performance assessment targets for the equity incentive comprehensively consider factors such as industry development conditions, market competition, future development plans, and customer order visibility, and do not constitute a performance commitment to investors. In the first half of 2026, the company achieved operating revenue of 11.629 billion yuan, a year-on-year increase of 28.77 percent; net profit attributable to shareholders of the listed company was 2.857 billion yuan, a year-on-year increase of 33.3 percent; and basic earnings per share were 3.14 yuan.
300476.CS · Capital · Positive Company launched a 700 million yuan employee stock ownership plan and a restricted stock incentive plan, alongside strong H1 2026 revenue and profit growth.
Krungsri Keeps Buy on KCE, Target 97 Baht, Expects 3Q26F Profit to Grow 66%
Krungsri Securities maintains its "Buy" rating on KCE and keeps its target price at 97 baht, expecting normalized profit in the third quarter of 2026 to rise 66% year on year and 119% quarter on quarter to 495 million baht, driven by rising demand for PCB and HDI, along with better gross margins from the benefits of operating leverage and price increases. The research team expects revenue to rise 15% quarter on quarter, with the PCB business, which accounts for 85% of total revenue, seeing sales volume increase 8% and prices rise 9%. Gross margin is expected to rise to 25% from 18.9% in the second quarter and 21% in the third quarter of 2025. Although third-quarter profit would put nine-month normalized profit at 64% of the full-year estimate, the research team maintains its forecast for 2026 normalized profit to grow a strong 77% and expects it to accelerate 82% in 2027, with another 7% price increase in October 2026 helping fourth-quarter profit run counter to seasonal factors. KCE currently trades at a PER of 35 times on 2027 estimates, while EPS is expected to grow 82%.
Furuno Electric and 3 other firms revise earnings after the close, Hoden Seimitsu posts 33% profit gain
After the market close, several companies including Furuno Electric, Hoden Seimitsu, Axelspace, and Alpha announced earnings revisions. Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen, while Hoden Seimitsu lifted its net profit for the February-ending year by 33%, from 866 million yen to 1.151 billion yen. On the other hand, Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen, a change of minus 1421%. Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen, and TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen. Value Creation revised up its interim net profit for the March-ending fiscal year by 85%, from 65 million yen to 120 million yen.
3434.JP · Capital · Negative Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen.
402A.JP · Capital · Negative Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen.
4760.JP · Capital · Negative Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen.
6814.JP · Capital · Positive Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen.
7352.JP · Capital · Negative TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen.
DELTA rises 3% as broker expects Q3 2026 profit to grow 37% to 8.32 billion baht, recommends Buy with 330 baht target
Shares of Delta Electronics (Thailand), or DELTA, rose 3.02% to 273.00 baht at 11:51 a.m. on October 6, 2026. Phillip Securities (Thailand) said in an analysis that it expects third-quarter 2026 profit of 8.319 billion baht, up 11.8% from the same period a year earlier and up 37% from the previous quarter, driven by accelerated deliveries of AI and data center products as well as new products in the liquid cooling equipment group. Revenue is expected at 2.287 billion dollars, up 38.5% from a year earlier and 13.7% from the previous quarter, or about 77 billion baht when converted at an average exchange rate of 33.3 baht per dollar. The gross profit margin is expected at 29.4%, improving both year on year and quarter on quarter on a better product mix, especially AI products in the power electronics business. Phillip Securities nonetheless raised its recommendation on DELTA to Buy and lifted its target price based on 2027 to 330 baht per share, using a P/E assumption of 120 times versus an average trading range of about 100 to 110 times. It noted that annual supplier negotiations in the fourth quarter of 2026 still bear watching, as they could raise raw material costs and pressure margins late in the year.
DELTA.BK · Capital · Positive Phillip Securities upgraded DELTA to Buy and raised its target price to 330 baht on expected Q3 2026 profit growth of 37% QoQ.
Phillip recommends buying DELTA with a 330 baht target, expects 3Q69 profit to grow 11.8%
Phillip Securities (Thailand) has upgraded DELTA to "Buy" and raised its base-case price target to 330.00 baht for 2027, expecting third-quarter 2026 net profit of 8.319 billion baht, up 11.8% year on year and 37.0% quarter on quarter, driven by the recovery from a low base in the second quarter of 2026 and accelerating deliveries of AI and data center products, while new products such as liquid cooling equipment are gradually ramping up. Phillip expects third-quarter 2026 revenue of 2.287 billion US dollars, up 38.5% year on year and 13.7% quarter on quarter, helped by a weaker baht, with an assumed average exchange rate of 33.3 baht per dollar, putting baht-denominated revenue at about 77 billion baht, up 45.2% year on year and 18.6% quarter on quarter. Gross margin is expected at 29.4%, improving both year on year and quarter on quarter on a better product mix. However, SG&A as a share of revenue is expected at 17.4%, higher than a year earlier, due to a royalty fee of 8.25%, while R&D as a share of revenue is expected at 3.4%. A key risk to watch is the fourth quarter of 2026, when DELTA will hold its annual negotiations with suppliers, which is likely to push costs higher, and the company may only be able to pass on part of the costs to customers. Phillip has also raised its P/E assumption to 120 times from 100 times.
DELTA.BK · Capital · Positive Phillip Securities upgraded DELTA to Buy and raised its price target to 330 baht, expecting 3Q26 net profit to grow 11.8% year on year.
Trinity expects KCE, SPRC, IRPC and CENTEL to enter SET50, with LH, OSP, TIDLOR and MRDIYT removed
Trinity Securities has released its calculation of stocks expected to be added to and removed from the SET50 and SET100 indices for the 1H27 review, the first draft of this cycle, using data through September 30. The actual data will not be confirmed until the end of November. The stocks expected to be added to the SET50 index are KCE, SPRC, IRPC and CENTEL, all four with 99.99% confidence. The stocks expected to be removed from the SET50 index are LH, OSP, TIDLOR and MRDIYT, also all four with 99.99% confidence. The stocks expected to be added to the SET100 index are MBK, TTW and PSL, while STPI could slip in as the fourth if HANA ultimately loses its place in the index. The stocks expected to be removed from the SET100 index are AURA, QH and MOSHI. HANA must avoid being placed on the Trading alert list throughout October and November to avoid the chance of being removed from the index. Strategically, Trinity recommends gradually buying for speculative gains the stocks almost certain to be added to the SET50 index in the next cycle, namely KCE, SPRC, IRPC and CENTEL, and views KCE as the most interesting given it is the largest market-cap stock among those likely to be added. At the same time, it recommends avoiding investment in the group likely to be removed from the SET50 index over the next one to two months, namely LH, OSP, TIDLOR and MRDIYT.
KCE.BK · Capital · Positive Expected to be added to the SET50 index with 99.99% confidence and flagged as the most interesting given it is the largest market-cap among likely additions.
CENTEL.BK · Capital · Positive Expected to be added to the SET50 index with 99.99% confidence, which Trinity recommends buying for speculative gains.
IRPC.BK · Capital · Positive Expected to be added to the SET50 index with 99.99% confidence, which Trinity recommends buying for speculative gains.
LH.BK · Capital · Negative Expected to be removed from the SET50 index with 99.99% confidence, and Trinity recommends avoiding the group likely to be removed.
OSP.BK · Capital · Negative Expected to be removed from the SET50 index with 99.99% confidence, and Trinity recommends avoiding the group likely to be removed.
SPRC.BK · Capital · Positive SPRC is expected to be added to the SET50 index with 99.99% confidence, and Trinity recommends buying it for speculative gains ahead of the rebalance.
Trinity Expects KCE, SPRC, IRPC, CENTEL to Enter SET50 in First Half of 2027
Trinity Securities has assessed the list of stocks expected to be added to and removed from the SET50 and SET100 indices for the first half of 2027, the first review of this cycle, using data through September 30, 2026, and pending actual data through the end of November 2026. For the SET50 index, the research team expects KCE, SPRC, IRPC and CENTEL to be added, and LH, OSP, TIDLOR and MRDIYT to be removed, with a confidence level of 99.99% for both groups. For the SET100 index, it expects MBK, TTW and PSL to be added, with STPI as the fourth if HANA drops out of the index, while AURA, QH and MOSHI are expected to be removed. HANA must avoid being placed on the Trading alert list throughout October and November to avoid the chance of being removed. On investment strategy, the research team recommends gradually buying stocks expected to definitely enter the SET50, namely KCE, SPRC, IRPC and CENTEL, for trading gains, viewing KCE as the most interesting because it is the largest by market capitalisation among the expected additions. It also recommends avoiding investment in stocks expected to be removed from the SET50 over the next one to two months, namely LH, OSP, TIDLOR and MRDIYT.
KCE.BK · Capital · Positive Expected to be added to the SET50 index and flagged as the most interesting addition given its largest market capitalisation.
CENTEL.BK · Capital · Positive Expected to be added to the SET50 index in the first half of 2027, with Trinity recommending gradual buying for trading gains.
IRPC.BK · Capital · Positive Expected to be added to the SET50 index in the first half of 2027, with Trinity recommending gradual buying for trading gains.
LH.BK · Capital · Negative Expected to be removed from the SET50 index, with Trinity recommending investors avoid the stock over the next one to two months.
OSP.BK · Capital · Negative Expected to be removed from the SET50 index, with Trinity recommending investors avoid the stock over the next one to two months.
TIDLOR.BK · Capital · Negative Trinity expects TIDLOR to be removed from the SET50 index, and recommends avoiding the stock over the next one to two months.
Phillip expects DELTA's third-quarter profit to reach 8.319 billion baht, raises target to 330 baht
Phillip Securities estimates that DELTA's third-quarter profit for 2026 will come in at 8.319 billion baht, up 11.8% year on year and 37.0% quarter on quarter, driven by faster deliveries of AI and data center products than in the previous quarter, as well as a gradual ramp-up of new liquid cooling products. The research team expects revenue of 2.287 billion dollars, up 38.5% year on year and 13.7% quarter on quarter, helped by an average weaker baht of 33.3 baht per dollar, yielding baht-denominated revenue of 77 billion baht, up 45.2% year on year and 18.6% quarter on quarter. The gross margin is expected at 29.4%, higher both year on year and quarter on quarter, on an improved product mix as most AI products fall within the power electronics business, which carries better margins, even though a global material shortage remains a problem. SG&A to sales stands at 17.4%, higher than a year earlier, due to a royalty fee of 8.25%, while R&D to sales is expected at 3.4%, above the 3.36% of the previous quarter. The research team has raised its 2027 base price to 330.00 baht, based on a P/E of 120.0 times, up from the previous average P/E of 100 to 110 times, and upgraded its recommendation to Buy, expecting the share price to recover, even though it remains concerned that fourth-quarter 2026 costs may rise due to annual supplier negotiations.
DELTA.BK · Capital · Positive Phillip Securities raised DELTA's 2027 target price to 330 baht and upgraded to Buy on expected Q3 profit of 8.319 billion baht, up 11.8% y/y.
DELTA.BK · Demand · Positive Profit growth is driven by faster deliveries of AI and data center products and ramp-up of new liquid cooling products.
Phillip expects DELTA's third-quarter profit to reach 8.319 billion baht, raises target to 330 baht
Phillip Securities estimates that DELTA's third-quarter profit will come in at 8.319 billion baht, up 11.8% year-on-year and 37.0% quarter-on-quarter, driven by faster deliveries of AI and data center products than in the previous quarter, as well as new liquid cooling equipment products that are starting to accelerate. The company expects revenue of 2.287 billion dollars, up 38.5% year-on-year and 13.7% quarter-on-quarter, helped by an average weaker baht of 33.3 baht per dollar, translating into baht revenue of 77 billion baht, up 45.2% year-on-year and 18.6% quarter-on-quarter. The gross margin is expected at 29.4%, higher both year-on-year and quarter-on-quarter, thanks to an improved product mix, since most AI products fall within the power electronics business, which has good margins. The research team has raised its base price for 2025 to 330.00 baht, based on a P/E of 120.0 times, up from the previous average P/E of 100-110 times, and upgraded its recommendation to Buy, seeing third-quarter earnings as strong in the short term, though the fourth quarter may raise concerns over higher costs from annual supplier negotiations.
DELTA.BK · Capital · Positive Phillip Securities raised its 2025 target price to 330 baht and upgraded DELTA to Buy on expected strong Q3 profit of 8.319 billion baht.
DELTA.BK · Demand · Positive Faster deliveries of AI and data center products plus accelerating new liquid cooling equipment drive expected revenue growth.
Yangdian Technology appoints Zhang Jun, born in 1990, as board secretary
Yangdian Technology announced that Qiu Qinjian, the company's deputy general manager, chief financial officer, and board secretary, has applied to resign from the board secretary position due to work adjustments. His original term was set to end upon the expiry of the third board of directors' term. On the same day, the company held the eleventh meeting of the third board of directors, approving the appointment of Zhang Jun as board secretary, with a term starting from the date of this board approval until the expiry of the third board of directors' term. Zhang Jun was born in October 1990, holds a master's degree in political economy from Jilin University, and is a non-practising member of the Chinese Institute of Certified Public Accountants. He obtained a legal professional qualification certificate issued by the Ministry of Justice in March 2016 and a board secretary qualification certificate issued by the Shenzhen Stock Exchange in August 2018. He previously served as deputy general manager and board secretary of Xingyun Technology and as director of investor relations at Xingyuan Environment Technology. Qiu Qinjian is only stepping down from the board secretary role this time and will remain as deputy general manager and chief financial officer of Yangdian Technology. He served as board secretary for seven years and three months. His successor, Zhang Jun, was personally nominated by chairman Nie Kunlin.
Brokerage says electronics stocks to grow in second half, DELTA stands out on AI tailwinds
The research department of Asia Plus Securities has issued an analysis of the electronics sector, noting that the current flooding situation, with northern runoff flowing in, has not yet been reported to have flooded the Hi-Tech Industrial Estate in Ayutthaya Province, where the factories of KCE and HANA are located. However, it is necessary to monitor whether flooding in surrounding areas will affect key transport routes and the production of both companies. The research department views the flooding issue as only a short-term pressure factor that may somewhat affect transportation and employee commuting in early the fourth quarter of 2026, but it will not affect the production base as in 2011. Meanwhile, demand trends for electronics products remain high, so the overall profit picture for the electronics sector in the third quarter of 2026 is expected to grow both QoQ and YoY and to climb to a peak level in the fourth quarter of 2026, driven by DELTA's profit, which is the key driver of the sector's profit. The research department therefore maintains an "overweight" rating on the electronics sector, selecting DELTA as the sector's top pick with a target price of 333 baht, because demand in AI and data centers that continues to rise will benefit DELTA the most. At the same time, it is expected to be affected by flooding less than both HANA and KCE. In addition, DELTA's share price is still a laggard in the sector, having risen 51% year-to-date, still less than HANA and KCE, whose share prices have already risen 219% to 312%.
China
