HK Stock Market Move | Shenzhen Han's CNC Technology (03200) surged over 9% on the second day of its market debut. The company is a manufacturer of specialized equipment for the PCB and advanced packaging sectors.

Shenzhen Han's CNC Technology (03200) continued to rise on the day after its listing, reaching a high of 119.9 Hong Kong dollars during trading, up more than 25% from its IPO price. As of the time of writing, it was up 9% at 119.9 Hong Kong dollars, with a turnover of 3.07 billion Hong Kong dollars. The prospectus shows that Shenzhen Han's CNC Technology is a PCB specialized production equipment solution provider, mainly engaged in the research and development, production, and sales of PCB specialized production equipment. The company's wide range of production equipment covers multiple sectors of the PCB industry and includes several key production processes such as drilling, exposure, lamination, shaping, and testing. According to data from a consultancy firm, the competition in the PCB specialized equipment industry is intense and relatively fragmented, with the top five manufacturers in China accounting for about 23.9% of the total market share by revenue in 2024. During the historical period, the company generated the majority of its revenue from mainland China. Based on the same data source, in terms of revenue in 2024, the company is the largest PCB specialized production equipment manufacturer in China, with a market share of 10.1%.