The Zhitong Finance App learned that Dingtai Hi-Tech (01,377) rose more than 8% in the morning. As of press release, it had risen 8.19% to HK$346.2, with a turnover of HK$22.653 million.
According to the news, Dingtai Hi-Tech previously disclosed its 2026 semi-annual report. China Merchants Securities indicated that in 2026H1, the company achieved revenue of 1,943 billion yuan, YoY +114.85%; realized net profit of 679 million yuan, YoY +325.12%; realized net profit without return to mother of 670 million yuan, YoY +353.28%. On the business side, in 2026Q2, the company achieved a gross profit margin of 57.85%, +17.55pct, and a net profit margin of 37.02%, +18.98pct year over year, and +5.06pct month-on-month. These are high-value-added products such as micro-diameter drills, high-length-diameter drills, and high-end coated drills.
China Merchants Securities added that according to the company's semi-annual report, 2026H1 invested 89 million yuan in R&D, +54.6%. It has now achieved mass production of high-length-to-diameter drills with a diameter of 40 times or more, and has successfully broken through the design and manufacturing process of ultra-long diameter-ratio drills with a diameter of 60 times or more. At the same time, diamond composite-coated drills suitable for processing M9+ ceramic mixed materials have entered the small-batch application stage. The bank believes that the current situation where drill bits are in short supply is still intensifying, and there are very few players participating in the high-end sector. Looking ahead to Q3, the sharp increase in drill bit volume and price driven by Rubin is expected to be realized at an accelerated pace, and I am optimistic that the company's performance will continue to increase in the second half of the year.