Han's CNC: Net profit in the first three quarters increased by 214.03% year-on-year.
Han's CNC announced that its third-quarter operating revenue was 2.856 billion yuan, up 87.77% year on year; net profit was 587 million yuan, up 157.08% year on year. For the first three quarters, operating revenue was 7.841 billion yuan, up 100.90% year on year; net profit was 1.544 billion yuan, up 214.03% year on year. The performance growth was mainly driven by persistently strong demand for AI computing power, with the company's share of high-value-added products continuing to rise, driving significant revenue growth; at the same time, demand grew significantly for high-end AI PCB products such as high-layer-count HDI boards for next-generation rack server computing power and switch units, N+N structure high-layer-count boards, and mSAP-type substrates for 800G and 1.6T high-speed optical modules. The company seized market opportunities from downstream customers' capacity expansion and upgrades, and orders for its full product line grew substantially. The company's Q3 net profit was 587 million yuan, and Q2 net profit was 634 million yuan; based on this calculation, Q3 net profit fell 7% quarter on quarter.
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