HK Stock Market Move | Shenzhen Hans CNC Technology (03200) rose more than 7% in early trading, driven by AI-driven PCB structural upgrades, with drilling becoming a core incremental link.

Shenzhen Han's CNC Technology (03200) rose more than 7% in early trading, and as of the time of writing, it has risen 3.83% to 138.4 Hong Kong dollars with a turnover of 1.14 billion Hong Kong dollars. According to financial news, as of June 9 this year, at least 20 PCB industry listed companies in the A-share market have disclosed expansion plans, with a total planned investment of over 80 billion yuan. The expansion boom of PCB companies is translating into operating performance for equipment companies. In the first quarter, Shenzhen Han's CNC Technology achieved a total operating income of 1.955 billion yuan, a year-on-year increase of 103.69%; net profit attributable to shareholders was 323 million yuan, a year-on-year increase of 176.53%. Guotai Haitong released a research report stating that Shenzhen Han's CNC Technology is a leading platform-type PCB equipment company, with leading global drilling equipment. The company has a high market share in the global PCB equipment market, with a market share of over 30% in the Chinese PCB drilling equipment sector and a total market share of around 10% in the domestic PCB equipment industry, with evident leading attributes and customer stickiness advantage. The report points out that AI-driven PCB structure upgrades have made drilling a core incremental process.