On September 16, HANS CNC rose 3.07% in regular trading, trading at HK$107.1/share, with turnover of approximately HK$42.83 million.

On the news front, Citi recently reiterated its Buy rating on HANS CNC H-shares with a target price of HK$189, noting that management remains highly confident in the demand release for ultrafast laser drilling equipment by the second half of next year, with estimated total industry demand reaching 1,000 units. Additionally, the company's board secretary disclosed that AI PCB equipment is expected to contribute 60% of full-year revenue, up from over 50% in the first half.

In terms of fundamentals, HANS CNC reported H1 revenue of RMB 4.985 billion, up 109.29% year-over-year, with net profit attributable to shareholders of RMB 957 million, surging 263.45% year-over-year. Q2 standalone net profit grew 96% quarter-over-quarter, reaching a record single-quarter net margin. The robust performance was primarily driven by significant growth in high-end AI PCB demand and sustained capex expansion among downstream PCB manufacturers. Citi believes HANS CNC stands to benefit from strong AIDC demand growth and PCB technology migration.

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