Guangdong Dtech Technology Co., Ltd.

Company Profile

In the first half of 2025, the company achieved an overall operating income of 904 million yuan, a year-on-year increase of 26.90%; the net profit attributable to shareholders of the listed company was 160 million yuan, a year-on-year increase of 79.78%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 148 million yuan, a year-on-year increase of 96.46%. Main Business Operations During the Reporting Period: (I)Main Business In the first half of 2025, hardware upgrades such as AI servers and high-speed switches drove a surge in demand for high-end PCB (Printed Circuit Board). The company seized this significant opportunity in industry development, and through its AI special research team, continued to promote the high-end iteration and upgrading of PCB cutting tool products. The proportion of products such as micro drill bits, coated drill bits, and high aspect ratio drill bits continued to increase. During the reporting period, the sales volume of micro drills with a diameter of 0.2mm or less accounted for 28.09% of total sales, and coated drill bits accounted for 36.18%, further optimizing the product structure. Meanwhile, by accelerating the construction progress of the raised investment project for PCB micro drill bits to expand production capacity in a timely manner, the company's monthly production capacity of drill bits has now exceeded 100 million units. During the reporting period, the operating income from cutting tool products reached 746 million yuan, a year-on-year increase of 38.08%, accounting for 82.55% of the total operating income. In terms of overseas markets, the company's Thailand production base successfully achieved mass production, and overseas production capacity steadily increased, driving strong growth in overseas business revenue. During the reporting period, overseas revenue reached 78.7341 million yuan, accounting for 8.71% of total operating income, a year-on-year increase of 124.09%. To build a localized service network in Europe, establish a platform for technical exchanges and cooperation, and meet the strategic development needs of expanding into overseas markets such as Europe and the United States, the company established a wholly-owned subsidiary in Germany and successfully acquired MPK Kemmer GmbH PCB Tools, a German PCB cutting tool manufacturer with a history of over 70 years. This acquisition integrates its core technological advantages and market resources in fields such as micro drill bits and milling cutters, accelerating the company's globalization process. Benefiting from the demand in the PCB industry, the company's grinding and polishing materials achieved operating income of 85.7915 million yuan during the reporting period, a year-on-year increase of 23.16%; intelligent numerical control equipment achieved operating income of 25.2816 million yuan, a year-on-year increase of 4.54%. Affected by the shortage of upstream raw material supply, the revenue of the company's functional film materials was under phased pressure in the first half of the year. During the reporting period, the operating income from functional film materials was 35.7337 million yuan, a year-on-year decrease of 47.73%. To break through supply bottlenecks, the company is fully promoting the strategy of independent research and production of main materials to reduce external dependence; at the same time, it is achieving quality improvement and efficiency enhancement through intelligent transformation of equipment to continuously improve production capacity utilization. Currently, the company is fully striving to achieve the full production target in the fourth quarter to meet the continuously growing needs of customers. R&D and Innovation The company continues to strengthen the role of R&D as an engine, driving responses to industry changes through innovation. As of the end of June 2025, the company had 408 R&D personnel, an increase of 9.38% compared with the end of 2024; R&D investment in the first half of 2025 was 57.8279 million yuan, a year-on-year increase of 4.05%, accounting for 6.39% of operating income. To accelerate technological breakthroughs, the company completed a strategic upgrade of its R&D organizational structure: under the company's technical center, it established core departments such as the Basic R&D Department, Application R&D Department, Technical Service Department, and R&D Management Department, extending the company's R&D system from a linear to an all-round, multi-faceted framework. Additionally, an European R&D Center was established in Germany, focusing on cutting-edge pre-research of tool grinders and cutting tool products. Through a digital platform, it accelerates two-way technological penetration, building a solid technical moat for the globalization strategy. In the field of grinding and polishing materials, the company continues to deepen its technological advantages in PCB. Key breakthroughs have been made in ceramic grinding technology for optical modules and packaging. Meanwhile, it is accelerating horizontal expansion, entering incremental markets such as copper foil, packaging and testing, and metal processing through new product layouts: in the first half of the year, titanium drum brushes used in the copper foil field passed sample verification by core customers, and diamond non-woven brushes used in the packaging and testing field completed the first round of sample development. In the future, new product categories will significantly enrich the product matrix and become new growth drivers. In the field of automotive light control films, the company successfully developed a special adhesive system, which not only controls light to avoid reflections but also meets the stringent 1,000-hour aging test requirements for automotive use and the diversified design requirements of customers. Currently, the company's automotive light control film products have successfully passed certification by multiple automobile manufacturers and have been mass-supplied for some vehicle models. In terms of intelligent numerical control equipment, in the field of tool grinders, relying on the German technical expert team, the company successfully solved multiple industry problems and made breakthrough progress in tool surface treatment technology. Five-axis tool grinders have been successfully mass-produced and launched into the market, with their technical level receiving positive market feedback. The research and development of intelligent drill bit libraries achieved a milestone breakthrough, successfully launching an integrated machine for drill bit distribution and return, effectively promoting the standardized upgrading of intelligent drill bit library equipment. To enhance the competitiveness of coating equipment, a newly built coating laboratory has been completed and put into internal testing. In addition, the self-developed AGV has undergone three generations of iteration, with prototypes expected to enter internal testing in the second half of the year, continuously deepening the intelligent layout. Meanwhile, in the field of embodied intelligence, the company jointly invested with a third party to establish a holding subsidiary focusing on the field of embodied robots, committed to achieving breakthrough innovations in key technical fields such as micro-transmission components.