On September 9, HANS CNC rose 3.21% in regular trading, trading at HK$109.0/share, with turnover of HK$21.19 million. The stock rebounded after a 3.22% pullback in the prior session driven by short-term profit-taking.

On the news front, Citi issued a latest research note highlighting that Taiwan-based PCB equipment maker Taiyo Technology posted a 153% year-over-year revenue surge in August, setting a new annual high-growth record. Citi noted this signals accelerating AI PCB equipment demand, providing a positive catalyst for HANS CNC, and maintained a Buy rating with a target price of HK$189. Concurrently, the copper clad laminate price upcycle continued, with Panasonic announcing price increases of up to 30% on select products and Kingboard Laminates raising prices by 10%-20%, further validating the PCB supply chain upswing.

Fundamentally, HANS CNC reported H1 revenue of RMB 4.985 billion, up 109.29% year-over-year, and net profit attributable to shareholders of RMB 957 million, up 263.45%, with Q2 net margin reaching a single-quarter historical high. The company also announced plans to invest up to US$180 million to build a PCB equipment base in Malaysia, accelerating its overseas expansion strategy.

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