New stock on the first day of trading | Shenzhen Hans CNC Technology (03200) debuts on the market with a 10.65% opening gain in early trading. The company is China's largest manufacturer of PCB production equipment.

Shenzhen Han's CNC Technology (03200) has debuted on the stock market, with an announced price of 95.8 Hong Kong dollars per share. A total of 50.4518 million shares were issued, with 100 shares per lot, raising a net amount of approximately 4.631 billion Hong Kong dollars. As of the time of this report, the stock has risen by 10.65%, trading at 106 Hong Kong dollars with a trading volume of 522 million Hong Kong dollars. The prospectus indicates that Shenzhen Han's CNC Technology is a provider of PCB-specific production equipment solutions, mainly engaged in the research and development, production, and sales of PCB-specific production equipment. The company's wide range of production equipment covers multiple sectors of the PCB industry and includes various key production processes such as drilling, exposure, pressing, forming, and testing. According to data from consulting firm, the PCB-specific equipment industry is highly competitive and relatively fragmented, with the top five manufacturers in China holding about 23.9% of the total market share by revenue in 2024. During the past performance period, the company generated the majority of its revenue from mainland China. According to the same data source, based on revenue in 2024, the company is the largest PCB-specific production equipment manufacturer in China, with a market share of 10.1%.