Hubei Dinglong Holdings reported a sharp rise in first-half earnings, driven by booming semiconductor materials sales and cost control, even as its traditional printer consumables business continued to decline.
Net profit for the six months to June climbed 42.8% year-on-year to RMB311 million ($43 million/ €40 million), while revenue rose 14% to RMB1.73 billion ($240 million/ €223 million).
Semiconductor revenue soared 48.6% to RMB943 million ($131 million/ €121 million), accounting for more than half of group turnover, fuelled by strong demand for CMP polishing pads and slurries, as well as display materials for OLED panels. The CMP pad business hit record quarterly sales, while new packaging materials gained early orders.
Printing consumables, once a cornerstone of Dinglong’s business, brought in RMB779 million ($108 million/ €100 million), down 10.1% from a year earlier, as global demand weakened and chip prices for printer cartridges fell. Management said it was prioritising profitability through cost-cutting and efficiency gains in the segment.
The Wuhan-based group maintained heavy investment in new technologies, spending RMB250 million ($35 million/ €32 million) on research and development during the half.
