Han’s CNC revenue doubles in first nine months on booming demand from AI
Printed circuit board (PCB) equipment maker Shenzhen Han’s CNC Technology Co. Ltd. (3200.HK; 301200.SZ) said on Thursday its revenue doubled in the first nine months of the year and its profit more than tripled on booming demand for high-end PCBs used in AI.
Han’s CNC reported revenue of 7.84 billion yuan ($1.17 billion) during the nine-month period, up 101% from 3.9 billion yuan a year earlier. Its profit rose 214% year-on-year to 1.54 billion yuan from 492 million yuan over the same period.
It credited the big revenue jump to strong demand for high-end AI-use PCBs, including high-layer HDI boards for computing and switching units of next-generation rack servers, N+N structured high-layer boards, and mSAP-type substrate-like PCBs for 800G and 1.6T high-speed optical modules.
Han’s CNC’s Hong Kong-listed shares fell 2.8% on Friday after the announcement to close at HK$65.65. The stock is down 31.5% from its IPO price of HK$95.80 in February.
By Doug Young
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
Longsys profit leaps in first nine months
Transsion stumbles out of the gate after weak pricing
RELATED ARTICLES
-
Han’s CNC etches out triple-digit growth on AI infrastructure boom
3200.HK301200.SHE -
PCB leader Dynamic Electronics holds the line on prices – to its detriment
603175.SHG
-
Dtech’s soaring profit on AI demand fails to tool up Hong Kong investors
1377.HK301377.SHE
-
NEWS WRAP: Victory Giant posts strong quarterly growth on AI boom
2476.HK300476.SHE
- Kinwong runs hot on AI boom, cold on plunging margins
-
Andre Juice’s PCB gambit: A sweet pivot or a sour distraction?
2218.HK605198.SHG
-
Longsys profit leaps in first nine months
9976.HK301308.SHE
