Shenzhen Han's CNC Technology (301200) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached ¥1.52 billion, up 95.19% year-over-year; YTD revenue was ¥3.90 billion, up 66.53%.

• Net profit attributable to shareholders for Q3 was ¥228 million, up 281.94% year-over-year; YTD net profit was ¥492 million, up 142.19%.

• Growth driven by strong demand for AI server multilayer boards and innovative equipment sales.

• Enhanced competitiveness in automotive and consumer electronics multilayer board processing equipment.

Financial highlights

• Gross margin improved as revenue growth outpaced cost increases.

• Basic EPS for Q3 was ¥0.54, up 285.71% year-over-year; YTD basic EPS was ¥1.16, up 141.67%.

• Operating cash flow for YTD was -¥695.7 million, a significant decrease due to increased receivables and inventory.

• Weighted average ROE for YTD was 9.14%, up 4.94 percentage points year-over-year.

Outlook and guidance

• Continued focus on AI PCB equipment solutions and rapid delivery to meet expanding customer demand.

• Ongoing investment in R&D and expansion of production capacity to support future growth.