Kingboard reports 35 percent revenue growth: what it means for Kingboard stock

Published on 10/01/2026 at 19:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit rose 5.00 percent in the first half of 2026. For Kingboard stock this means an HKD 0.73 interim dividend per share.

Kingboard, HK0000001229, Illustration mit AI erstellt.

Kingboard Holdings (HK0000001229) reported revenue of HKD 29.13 billion for the six months ended June 30, 2026, up 35.00 percent from HKD 21.61 billion in the comparable period of 2025, according to FilingReader on September 17, 2026. Profit attributable to owners increased 5.00 percent to HKD 2.71 billion from HKD 2.58 billion, while the board declared an interim dividend of HKD 0.73 per share.

What the growth means

The revenue increase was concentrated in Kingboard's Laminates Division, which grew revenue 55.00 percent to HKD 15.12 billion in the first half of 2026. The PCBs Division added 23.00 percent to reach HKD 7.94 billion, while Chemicals Division revenue rose 12.00 percent to HKD 7.46 billion, the same FilingReader report said.

Profit growth was more modest than sales growth, but the operating mix improved sharply. The Laminates Division's EBITDA rose 172.00 percent to HKD 4.46 billion, giving the division a much larger contribution to earnings than its 55.00 percent revenue increase alone would suggest.

Dividend and balance sheet

The interim dividend of HKD 0.73 per share is payable on December 16, 2026, providing a defined cash-return date alongside the earnings update. Net current assets reached HKD 37.60 billion on June 30, 2026, and the current ratio stood at 2.27, according to FilingReader.

That financial position matters because Kingboard is expanding production capacity for electronic fibreglass yarn and other materials tied to high-end electronics demand. The company combines laminates, printed circuit boards, chemicals and property operations, so the earnings picture depends on both electronics demand and cyclical chemical markets.

Hong Kong valuation context

Kingboard was last at HKD 55.75 on the Hong Kong Exchange on September 30, 2026 at 4:08 p.m. HKT. Market capitalization stood at HKD 62.5 billion on that date, while the 52-week range was HKD 25.10 to HKD 151.80.

The valuation context remains mixed. Simply Wall St reported on September 7, 2026, that Kingboard traded at a price-to-earnings ratio of 12.80, below the cited electronic industry average of 14.70 and peer average of 22.70, while also identifying cyclical electronics and chemical demand as risks to margins and earnings.