Shenzhen Han's CNC Technology (301200) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was ¥2.856bn, up 87.77% YoY; attributable net income was ¥587.3m, up 157.08% YoY. 9M revenue reached ¥7.841bn and net income ¥1.544bn.

• Strong AI-computing-related demand for high-end PCB equipment and a higher mix of value-added products drove growth; orders rose across the product line.

Financial highlights

• 9M revenue rose 100.90% YoY to ¥7.841bn; operating profit was ¥1.806bn versus ¥558.0m a year earlier.

• 9M attributable net income increased 214.03% YoY to ¥1.544bn; excluding non-recurring items, it was ¥1.535bn, up 222.52%.

• Q3 attributable net income increased 157.08% YoY to ¥587.3m; excluding non-recurring items, it was ¥582.1m, up 157.47%.

• 9M operating cash flow was negative ¥811.2m, compared with negative ¥695.7m in the prior-year period.

Outlook and guidance

• Strategy focuses on AI-computing PCB processes, advancing drilling capabilities and new-material and new-process technologies for evolving server and data-center requirements.

• Capacity expansion and assembly-process improvements are intended to support customers’ rapid expansion and upgrades in high-end PCB production.