New Stock News | Shenzhen Hans CNC Technology (301200.SZ) announces plans for an IPO in Hong Kong.

On April 20th, Shenzhen Han's CNC Technology, a listed company in A-share market and a PCB equipment service provider, announced that in order to further advance the company's globalization strategy, accelerate the construction of overseas capital platforms, and effectively enhance the company's overall competitiveness in the international market, after thorough research and argumentation, the company plans to issue overseas listed foreign capital stocks (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange. Shenzhen Han's CNC Technology also announced that the board of directors has decided to engage Ernst & Young as the auditing firm for this issuance and listing. Shenzhen Han's CNC Technology stated that it will fully consider the interests of existing shareholders and the domestic and foreign capital markets. It will choose the appropriate timing and issuance window to complete this issuance and listing within the effective period of the shareholder resolution. As of now, the company is in discussions with relevant intermediaries on the related work of this issuance and listing. Apart from the relevant resolutions approved by the board of directors, the specific details regarding this issuance and listing have not been finalized yet. Shenzhen Han's CNC Technology, established in 2002, was listed on the ChiNext of the Shenzhen Stock Exchange on February 28, 2022. The main business of Shenzhen Han's CNC Technology is the research, development, production, and sales of PCB specialized equipment, with products mainly covering key processes in PCB production such as pressing, drilling, exposure, shaping, and testing. The downstream customers are PCB manufacturers. Shenzhen Han's CNC Technology also released its annual report for 2024 and the first quarter report for 2025. The financial reports show that Shenzhen Han's CNC Technology had operating revenues of 3.343 billion yuan and 960 million yuan in 2024 and Q1 2025, respectively, with year-on-year increases of 104.56% and 27.89%. The net profits attributed to the owners were 301 million yuan and 117 million yuan, with year-on-year increases of 122.20% and 83.60%, respectively.