On September 15, HANS CNC rose 3.07% in regular trading, trading at HK$102.8/share, with turnover of HK$19.66 million. The move was driven by Citi reaffirming its Buy rating on the stock and broader PCB sector optimism.

Citi recently maintained its Buy rating on HANS CNC H-shares with a target price of HK$189, following a meeting with the company's board secretary. While ultrafast laser drilling equipment contributed less revenue than expected in the first half, management expressed strong confidence that demand would materialize in the second half of next year, with estimated industry-wide demand reaching 1,000 units. The board secretary also disclosed that AI PCB equipment's contribution to full-year revenue is expected to increase from over 50% in H1 to 60%.

The stock also benefited from continued PCB sector momentum, with brokerages flagging Q3 as a potential inflection point for accelerating PCB earnings growth, supported by AI high-end product shipments and robust ASIC demand from major tech firms.

HANS CNC reported H1 revenue of RMB 4.985 billion, up 109.29% year-over-year, with net profit of RMB 957 million, up 263.45%. Q2 net margin reached a single-quarter record high, driven by surging AI PCB equipment demand.

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