New Stock News | Shenzhen Han's CNC Technology (301200.SZ) undergoes hearing at Hong Kong Stock Exchange as China's largest manufacturer of PCB specialized production equipment.

According to the Hong Kong Stock Exchanges disclosure on January 19th, Shenzhen Hans CNC Technology Co., Ltd. (referred to as Shenzhen Hans CNC Technology (301200.SZ)) conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC as its sole sponsor. The prospectus shows that Shenzhen Hans CNC Technology is a PCB dedicated production equipment solution service provider, mainly engaged in the research and development, production, and sales of PCB dedicated production equipment. The company's wide range of production equipment covers multiple sectors of the PCB industry, including drilling, exposure, lamination, molding, and inspection. The company operates in the PCB dedicated equipment industry for servers and data storage, automotive electronics, mobile phones, computers, and consumer electronics. The company's business and financial performance largely depend on the overall performance of downstream industries with demand for electronic devices. According to data from ZokS Consultancy, the competition in the PCB dedicated equipment industry is fierce and relatively dispersed, with the top five manufacturers in China accounting for approximately 23.9% of the total market share in terms of revenue in 2024. During the previous performance period, the majority of the company's revenue came from mainland China. According to the same data source, based on revenue in 2024, the company is the largest PCB dedicated production equipment manufacturer in China with a market share of 10.1%. With a wide range of products, advanced technology, and strong production capacity, the company is able to quickly adapt to changing industry trends and meet diverse customer needs. During the previous performance period, the company sold PCB dedicated production equipment to more than 10 countries and regions. Drilling equipment and solutions account for a high proportion of the company's revenue. Drilling process equipment is a key link in PCB production, achieving inter-layer electrical connection in multi-layer board structures through the formation of conductive through-holes. In line with industry standards, the company provides both mechanical drilling equipment and laser direct drilling systems to meet different processing needs. In 2022, 2023, 2024, as well as the ten months up to October 31, 2024 and 2025, the company sold 2,514 units (sets), 1,129 units (sets), 3,119 units (sets), 2,569 units (sets), and 4,499 units (sets) of drilling equipment, with production and sales rates of 121.1%, 81.6%, 108.9%, 114.2 %, and 98.9%, respectively. In terms of finances, in the fiscal years 2022, 2023, 2024, and for the ten months ending October 31, 2025, the company recorded revenues of 2.786 billion RMB, 1.634 billion RMB, 3.343 billion RMB, and 4.314 billion RMB, respectively. During the same period, the company reported profits of 432 million RMB, 136 million RMB, 300 million RMB, and 519 million RMB, respectively.