Shenzhen Han's CNC Technology (301200) Q2 2026 earnings summary

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.