The company's revenue and profit made strong double-digit gains in the first quarter as demand for its high-end PCBs surged on rising demand from AI hardware makers

image credit: Bamboo Works

Victory Giant Technology (HuiZhou) Co. Ltd. (2476.HK; 300476.SZ) reported strong double-digit growth in the first quarter, fueled by booming demand for its advanced printed circuit boards (PCBs) used in AI servers and other high-performance computing equipment.

The Huizhou-based company's revenue for the three months through March rose 28% year-on-year to 5.52 billion yuan ($808 million), while its net profit increased by an even faster 40% to 1.29 billion yuan, according to its first-quarter results published last week. Its operating cash flow rose by a factor of five to 2.12 billion yuan from 424 million yuan a year earlier, boosted by growth in collection of sales proceeds, as well as an increase in export tax rebates.

The company's stock jumped 7% after the publication of the results, its first quarterly report since its Hong Kong IPO last month. It ...