On June 3, Han's CNC (03200.HK) rose 3.28% in regular trading, trading at 177.3 HKD/share, with trading volume of approximately 53.68 million HKD. The stock rebounded after multiple sessions of pressure from institutional selling and profit-taking.
On the news front, the company disclosed on May 29 an investor relations activity record indicating that its CCD six-axis independent mechanical drilling machine, equipped with proprietary 3D back-drilling and drill-test integrated technology, has passed next-generation AI server PCB certification and entered mass production at multiple industry-leading enterprises. On the overseas front, the company is capitalizing on Southeast Asian PCB capacity expansion opportunities, with demand for AI servers and high-speed optical module equipment rising significantly.
The company reported Q1 revenue growth of 103.69% year-over-year and net profit growth of 176.53% year-over-year, continuing to validate the high-growth logic driven by AI computing infrastructure demand. The stock had previously faced selling pressure after Morgan Stanley and Schroders PLC disclosed reductions in their holdings, but the certification milestone appears to have provided a near-term sentiment catalyst for the rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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