Key Takeaways:
- HANS CNC expects H1 2026 net profit of RMB900M-RMB1B, up 242%-280% YoY
- Revenue more than doubled as AI server PCB demand surged
- High-value product lines including back drilling and HDI drilling drove growth
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HANS CNC profit surges up to 280% on AI-driven PCB demand
Shenzhen Han's CNC Technology Co. (03200.HK) expects interim net profit to reach RMB900 million to RMB1 billion for the six months ended June 30, a surge of about 242% to 280% from a year earlier, driven by strong demand for AI-related printed circuit board solutions.
"The large-scale deployment of computing infrastructure such as AI servers and high-speed network switches provided momentum for structural growth in the PCB industry," the company said in a filing. Shenzhen Han's CNC, a precision equipment supplier to the PCB sector, said it seized investment opportunities from capacity expansion and new product development by leading industry customers.
Net profit after deducting non-recurring gains and losses is expected to range from RMB900 million to RMB1 billion, representing a year-on-year increase of about 260% to 300%. Revenue more than doubled during the period, the company said, without providing an exact figure. The preliminary results are unaudited.
The company's high-value product lines — including high-precision back drilling solutions for next-generation high-frequency, high-speed PCBs, advanced and mSAP process HDI drilling solutions, and precision forming solutions — recorded strong sales and production demand, further optimizing the revenue structure. Shenzhen Han's CNC specializes in equipment used in AI server motherboards and high-speed network switches, placing it at the center of the AI infrastructure buildout.
Shares of the Shenzhen-based company rose 9.24% on Thursday, with short selling volume of HK$24.95 million representing 7.9% of total turnover. The stock has a market capitalization of about HK$160.8 billion.
The profit alert signals that AI-related capital expenditure is flowing through to industrial equipment manufacturers in the PCB supply chain. Investors will watch for the company's interim report, due for release in the coming weeks, for detailed segment margins and forward guidance.
This article is for informational purposes only and does not constitute investment advice.