{Economic Information Daily, 16th} Han's CNC (03200) H-share is currently down 4.7%, trading at HK$64.4, marking eight consecutive days of decline with a cumulative drop of 35%. The stock traded approximately 1.33 million shares, amounting to HK$88.64 million. The A-share (Shenzhen: 301200) is currently at RMB 183.19, down RMB 0.55, or 0.3%, with turnover of RMB 241 million involving 1.29 million shares. At current prices, the A-share commands a 232% premium over the H-share.
Han's CNC announced its preliminary financial results for the first three quarters of this year. For the nine months ended September 30, the company recorded a net profit of approximately RMB 1.54 billion, up 2.1-fold year-on-year, with earnings per share of RMB 3.27. After excluding non-recurring gains and losses, net profit reached RMB 1.53 billion, up 2.2-fold.
The group stated that operating revenue was approximately RMB 7.84 billion, up 1-fold, operating profit was RMB 1.8 billion, up 2.2-fold, and the weighted average return on net assets was 15.43%, an increase of 6.29 percentage points. The rise in profit was primarily driven by significant demand growth for high-end AI PCBs, including high-layer HDI boards for next-generation rack servers and switching units, N+N structure high-layer boards, and mSAP-type substrates for 800G and 1.6T high-speed optical modules. Fueled by both rising demand and technological advancements, downstream PCB enterprises continued to invest heavily, resulting in substantial growth in order volumes across all product lines. (am)
Han's CNC announced its preliminary financial results for the first three quarters of this year. For the nine months ended September 30, the company recorded a net profit of approximately RMB 1.54 billion, up 2.1-fold year-on-year, with earnings per share of RMB 3.27. After excluding non-recurring gains and losses, net profit reached RMB 1.53 billion, up 2.2-fold.
The group stated that operating revenue was approximately RMB 7.84 billion, up 1-fold, operating profit was RMB 1.8 billion, up 2.2-fold, and the weighted average return on net assets was 15.43%, an increase of 6.29 percentage points. The rise in profit was primarily driven by significant demand growth for high-end AI PCBs, including high-layer HDI boards for next-generation rack servers and switching units, N+N structure high-layer boards, and mSAP-type substrates for 800G and 1.6T high-speed optical modules. Fueled by both rising demand and technological advancements, downstream PCB enterprises continued to invest heavily, resulting in substantial growth in order volumes across all product lines. (am)
