Dtech’s HK IPO Application Lapses; World’s Largest PCB Drill Supplier Delays Listing
NewTimeSpace News: As disclosed by HKEX, the Main Board listing application of Guangdong Dtech Technology Co., Ltd. (301377.SZ), filed on December 1, 2025, has recently lapsed upon the expiry of the six-month validity period. CITIC Securities and HSBC acted as joint sponsors at the time of submission. The company is the world’s largest supplier of PCB drills, with products covering four categories: precision cutting tools, grinding and polishing materials, functional film materials, and intelligent CNC equipment.
NewTimeSpace News: According to official HKEX filings, Dtech’s Main Board IPO application submitted on 1 December 2025 has expired after the six-month statutory review period, with CITIC Securities and HSBC serving as joint sponsors for the original filing.
A provider of integrated precision manufacturing solutions covering tools, materials and equipment, Dtech has grown into a global leader in dedicated cutting tools for PCB manufacturing. According to Frost & Sullivan, by sales volume, the company is the world’s largest drill supplier, with both PCB drill capacity and PCB coated cutting tool capacity ranking first globally. Its products are widely used in AI servers, embodied robots, semiconductors, low-orbit satellite communications, smart vehicles and other fields. In the first half of 2025, revenue rose 27.0% year-on-year, while net profit increased 78.5% year-on-year.
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