Dongwei Technology (688700.SS) reported strong first-half 2026 growth, with operating revenue rising 51.94% year on year to 674 million yuan (approximately $99.9 million) and net profit attributable to shareholders climbing 133.21% to 99 million yuan (approximately $14.7 million). The company said growth was driven by the global PCB (printed circuit board) industry's shift toward Southeast Asia and stronger demand for high-end equipment linked to artificial intelligence, big data storage and related fields. Net profit after deducting non-recurring gains and losses reached 96 million yuan (approximately $14.2 million), up 133.93%, while basic earnings per share rose 135.71% to 0.33 yuan. Orders hit a record high in the first half, with vertical continuous plating equipment bookings up more than 150% year on year as Chinese PCB makers accelerated factory construction in Thailand, Vietnam and other locations. Dongwei Technology said it holds more than 50% of China’s domestic vertical continuous plating equipment market and has established a production base in Thailand serving dozens of Southeast Asian customers. Operating cash flow rose 924.83% to 311 million yuan (approximately $46.1 million), pointing to strong order quality and payment collection. R&D spending totaled 54.8707 million yuan (approximately $8.1 million), or 8.15% of revenue, as the company added 33 patents, including 10 invention patents, and expanded applications for glass substrate-related equipment into semiconductor packaging (chip assembly and protection). It also optimized new energy equipment and developed a two-stage, dual-side drive roll-to-roll horizontal contactless coating line designed to improve material utilization and lower production costs. The company plans a cash dividend of 1.70 yuan (tax included) per 10 shares.