Shenzhen Han's CNC Technology Co. Ltd.

PCB equipment leader Han's CNC disclosed its 2026 interim report, with first-half revenue reaching 4.985 billion yuan, up 109.29% year on year, and net profit attributable to the parent company of 957 million yuan, up 263.45% year on year. The company said the explosion in AI computing power demand has driven a surge in orders for high-end PCB equipment, and together with rising market share and the release of scale effects from a strengthened technology moat, this has boosted order growth across all product lines. Well-known fund manager Jin Zicai's Caitong Growth Select Mixed Fund and Caitong Value Momentum Mixed Fund increased their holdings by 106.19% and 29.89% respectively in the second quarter, while Caitong Quality Select Mixed Fund newly entered the top ten shareholders list, with the three funds holding a combined 7.6654 million shares. By product, drilling equipment revenue reached 3.62 billion yuan, up 113.98% year on year, remaining the main source of income. As of the close on August 21, Han's CNC A-shares reported at 282.01 yuan per share, down 1.71%, while H-shares reported at 104.5 Hong Kong dollars per share, down 0.29%.

Han's Laser disclosed its first-half 2026 performance flash report, achieving attributable net profit of 1.286 billion yuan, a year-on-year increase of 163.47%. Operating revenue was 13.413 billion yuan, up 76.19% year-on-year; recurring net profit was 1.394 billion yuan, up 434.13% year-on-year. During the reporting period, orders and operating revenue across multiple business segments including PCB dedicated equipment, consumer electronics equipment, lithium battery and semiconductor equipment, and general industrial laser processing equipment all achieved significant year-on-year growth. New orders signed in the first half of 2026 amounted to approximately 16 billion yuan, an increase of over 100% year-on-year. Among them, the AI PCB-related solutions revenue share of subsidiary Han's CNC significantly increased, with half-year operating revenue growing over 100% year-on-year; consumer electronics equipment operating revenue grew approximately 180% year-on-year; lithium battery equipment operating revenue grew approximately 45% year-on-year; semiconductor and pan-semiconductor equipment operating revenue grew approximately 40% year-on-year; and the low-power segment of general industrial laser processing equipment operating revenue grew approximately 30% year-on-year. The fair value change gain on the financial asset of Lingge Technology held by the company was a loss of 171 million yuan, a decrease of approximately 421 million yuan compared to the same period last year, which is a non-recurring item. At the same time, affected by fluctuations in the US dollar exchange rate, the exchange loss in the first half was approximately 190 million yuan, an increase of approximately 150 million yuan compared to the same period last year.

Dahan CNC disclosed an earnings forecast, expecting attributable net profit for the first half of 2026 to be between 900 million and 1 billion yuan, a year-on-year increase of 241.85% to 279.84%. The company stated that the large-scale deployment of computing infrastructure such as AI servers and high-speed network switches is driving structural growth in the PCB industry. The company is seizing investment opportunities arising from capacity expansion and new product development by leading industry customers, and the revenue contribution from AI PCB-related solutions has increased significantly. High-value-added products such as high-precision back-drilling solutions for ensuring signal and power integrity in next-generation high-frequency and high-speed PCBs, high-order and mSAP process HDI drilling solutions, and high-precision forming solutions are experiencing strong production and sales, further optimizing the company's revenue structure. Operating revenue for the first half of 2026 is expected to increase by more than 100% year-on-year.

Hans CNC issued an announcement, expecting net profit attributable to the parent for the first half of 2026 to be between 900 million and 1 billion yuan, an increase of 241.85% to 279.84% compared with 263 million yuan in the same period last year. Net profit after deducting non-recurring items is also expected to be between 900 million and 1 billion yuan, a year-on-year increase of 260.04% to 300.05%. The strong performance is mainly due to the large-scale deployment of computing infrastructure such as AI servers and high-speed network switches, driving structural growth in the PCB industry. The revenue contribution from the company's AI PCB-related solutions has risen significantly, pushing total operating revenue up by more than 100% year-on-year.