HK Stock Market Move | Shenzhen Han's CNC Technology (03200) rose more than 8% in the morning. Citi Group has supplied super fast laser drilling equipment to SLP companies.

Shenzhen Hans CNC Technology (03200) surged more than 8% in the morning, reaching an increase of 8.3% as of the time of writing, trading at 167 Hong Kong dollars with a turnover of 2.01 billion Hong Kong dollars. On the news front, the Tokyo Electronic Circuit Industry Exhibition was grandly held. Shenzhen Hans CNC Technology appeared with the theme of "Lighting up new life, leading to new horizons," showcasing innovative laser solutions. Shenzhen Hans CNC Technology is the first in the industry to promote new laser technology, which uses high energy density to achieve "cool processing" to avoid product heat damage, resulting in processing effects without residual copper or glue, significantly improving product yield. Citigroup released a research report stating that Shenzhen Hans CNC Technology has supplied ultra-fast laser drilling equipment to SLP (Substrate-Like PCB) companies such as AKM Meadville and Compeq for 1.6T Co-Packaged Optics (CPO) applications. Previously, these SLP companies mainly relied on Mitsubishi Electric's CO2 laser drilling machines, but due to Mitsubishi's delivery time of up to 12 months, they have started turning to Shenzhen Hans CNC Technology's ultra-fast laser drilling solutions.