HK Stock Market Move | Shenzhen Han's CNC Technology (03200) surged nearly 7% in the afternoon, with a Q2 net profit margin reaching a new quarterly high. Institutions are optimistic about the performance continuing to exceed expectations.

Shenzhen Hans CNC Technology (03200) rose nearly 7% in the afternoon, and as of this report, it increased by 6.44%, trading at HK$100, with a transaction volume of HK$182 million. In terms of news, Shenzhen Hans CNC Technology recently released its interim results, reporting a revenue of HK$4.985 billion in the first half of the year, a year-on-year increase of 109.29%; net profit attributable to shareholders reached HK$957 million, up 263.45% year-on-year. CMSC indicated that the growth in performance was mainly due to a significant increase in orders across all product lines. Shenzhen Hans CNC Technology has consistently exceeded expectations in performance over the past few quarters, making it one of the companies with the highest realization rate in the PCB equipment sector, and its net profit margin in Q2 reached a record high for a single quarter. The bank stated that Shenzhen Hans CNC Technology is the global leader in PCB equipment and is currently in a new phase of high-quality growth. It remains optimistic about the leadership positions of its mechanical drilling and ultra-fast laser drilling products and notes that the advantages of its platform layout are beginning to accelerate. Given the trends of increased production and technological upgrades in downstream computing power PCBs, we are confident in Hans core position, technological leadership, premium product upgrades, and long-term growth potential in the PCB equipment industry, and we expect its performance to continue to exceed expectations, maintaining a "strong buy" rating.