Shenzhen Han's CNC Technology (301200) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥1.96 billion in Q1 2026, up 103.69% year-over-year, driven by strong AI server PCB equipment demand and high-value product sales.

• Net profit attributable to shareholders reached ¥323 million, a 176.53% increase year-over-year, with adjusted net profit up 197.94%.

• Product mix improved, with robust sales in high-precision and innovative processing equipment, optimizing revenue structure and boosting profitability.

Financial highlights

• Revenue: ¥1,955,152,850.95, up 103.69% year-over-year.

• Net profit attributable to shareholders: ¥322,917,809.55, up 176.53% year-over-year.

• Adjusted net profit (excluding non-recurring items): ¥323,163,121.16, up 197.94% year-over-year.

• Basic EPS: ¥0.73, up from ¥0.28; weighted average ROE: 3.74%, up 1.49 percentage points.

• Total assets at period end: ¥15.92 billion, up 49.97% from year-end 2025.

Outlook and guidance

• AI computing center demand remains strong, with continued growth in high-value AI PCB market and increasing technical requirements.

• Company expects ongoing improvement in product competitiveness and profitability due to innovation and market expansion.