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Shenzhen Han's CNC Technology (301200) investor relations material
Shenzhen Han's CNC Technology Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached ¥4.98 billion, up 109.29% year-over-year, driven by surging AI-related PCB equipment demand and expanded market share.
Net profit attributable to shareholders was ¥956.86 million, a 263.45% increase year-over-year, with significant growth in AI server and high-end PCB equipment orders.
Gross margin improved, and the company maintained its industry leadership, with a global market share of ~50% in AI scenario mechanical drilling equipment.
H1 2026 saw successful H-share listing in Hong Kong, raising capital and expanding the shareholder base.
Financial highlights
Operating income: ¥4,984,920,813.21, up 109.29% year-over-year.
Net profit attributable to shareholders: ¥956,862,424.74, up 263.45% year-over-year.
Basic EPS: ¥2.06, up 226.98% year-over-year.
Operating cash flow: -¥1,074,920,851.88, reflecting increased procurement and payroll for order growth.
Total assets: ¥18.20 billion, up 71.46% from year-end 2025.
Net assets: ¥12.05 billion, up 98.44% from year-end 2025.
Outlook and guidance
The company expects continued strong demand for AI-related PCB equipment, with ongoing investments in R&D and production capacity.
Strategic focus remains on AI, advanced packaging, and high-value PCB segments, leveraging technology leadership.
- Revenue and profit surged over 100% year-over-year, fueled by AI and electronics demand.301200
Q4 2024 - Revenue and profit surged on robust PCB equipment demand, despite margin pressure.301200
Q2 2024 - Revenue more than doubled year-over-year, but Q3 net profit saw a slight decline.301200
Q3 2024 - Revenue and net profit surged on AI-driven PCB demand, with global market leadership maintained.301200
Q2 2025 - Record revenue and profit growth fueled by AI PCB demand and global expansion.301200
Q4 2025 - Net profit jumped 83.60% YoY on strong sales, but cash flow turned negative amid inventory buildup.301200
Q1 2025 - Q3 revenue and profit soared on AI demand, but cash flow turned negative amid rapid expansion.301200
Q3 2025 - Revenue and net profit surged over 100% year-over-year, fueled by AI PCB demand and IPO proceeds.301200
Q1 2026
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