On September 23, HANS CNC rose 3.2% in regular trading, trading at HKD 112.6/share, with turnover of HKD 19.81 million. The rally was supported by a combination of Citigroup's recent stake increase and sustained positive momentum from the PCB industry chain.

On the news front, Citigroup recently increased its position in HANS CNC, raising its long position ratio to 11.31%, while maintaining a Buy rating with a target price of HKD 189. Citigroup expressed confidence that the company would benefit from robust AIDC demand growth and PCB technology migration. Additionally, 50 institutions recently conducted intensive research visits to the company, during which management disclosed that AI PCB equipment contribution to full-year revenue would rise from over 50% in the first half to 60%.

The broader PCB supply chain continues to see a wave of price increases, with global leading copper-clad laminate manufacturers recording cumulative gains exceeding 100% year-to-date. The company reported strong first-half results with revenue of RMB 4.985 billion, up 109.29% year-over-year, and net profit of RMB 957 million, surging 263.45%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)