Asia Internet Technology (00679) issues profit warning, expects net loss in the first half not to exceed HKD 20 million.

According to the Zhitong Finance APP, Asia Connectivity Technology (00679) announced that the group expects to achieve revenue growth, increasing from HKD 237 million to HKD 424 million. The revenue growth is mainly attributed to the group's core business - the electroplating equipment segment, whose revenue has risen from HKD 214 million to HKD 406 million, a 90% increase. This growth is primarily driven by the following factors: (i) large-scale construction of data centers has led to a strong demand for high-density interconnection boards (HDI boards); (ii) the upgrade of artificial intelligence (AI) computing power has spurred robust demand for 1.6T high-speed optical modules. The traditional subtractive electroplating processes can no longer meet the production demands for these advanced products, and major manufacturers in the PCB industry have now shifted to adopting the modified semi-additive process (mSAP). The company's SVCP products perfectly match this mSAP market demand. It is expected that the net profit of the company's electroplating equipment segment will achieve a growth of no less than 50%.