BRIEF: PCB equipment maker Han’s CNC plans Hong Kong listing

Shenzhen-listed PCB equipment maker Shenzhen Han’s CNC Technology Co. Ltd. (301200.SZ) announced on Monday it plans to seek a listing on the Hong Kong Stock Exchange to enhance its competitiveness in international markets. The company has appointed Ernst & Young as its auditor.

Founded in 2002, Han’s CNC designs, produces and sells specialized equipment used to make printed circuit boards (PCBs). Its products include PCB drilling, inspection, exposure, and shaping machines. The company’s controlling shareholder is Han’s Laser Technology Industry Group Co. Ltd. (002008.SZ).

In 2024, the company reported revenue of 3.34 billion yuan ($458 million), up 105% year-on-year, and a net profit of 301 million yuan, up 122%. Since its listing in 2022, the company’s shares have fallen by about half to around 38 yuan, giving it a market capitalization of about 16 billion yuan.

By Lee Shih Ta

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