HK Stock Market Move | Shenzhen Hans CNC Technology (03200) fell more than 10% in morning trading, with its share price hitting a record low; Citi noted that the company's third quarter was relatively weak.

Shenzhen Hans CNC Technology (03200) fell more than 10% in morning trading, hitting a record low of HK$54.45. As of press time, it was down 9.98% at HK$55.05, with turnover of HK$98.3778 million. On the news front, Shenzhen Hans CNC Technology reported third-quarter operating revenue of RMB2.856 billion, up 87.77% year on year; net profit was RMB587 million, up 157.08% year on year and down 7% quarter on quarter. Citi raised its 2026 earnings forecast for Shenzhen Hans CNC Technology by 11% to reflect stronger-than-expected results for the first nine months of 2026, while the third quarter was relatively weak because major customers' capacity expansion will be concentrated in the fourth quarter; however, it slightly lowered its 2027 and 2028 earnings forecasts by 1% and 3% to factor in expenses related to the employee stock ownership/equity incentive plan.