HK Stock Market Move | Shenzhen Han's CNC Technology (03200) surges more than 6%. Global AI computing power infrastructure is increased, and the prosperity of the PCB industry chain is expected to continue.

Shenzhen Han's CNC Technology (03200) rose more than 6%, up 6.55% at the time of publication, at 128.6 Hong Kong dollars, with a turnover of 163 million Hong Kong dollars. On the news front, FIRST SHANGHAI pointed out that AI computing power infrastructure is increasing, and the global PCB equipment leader is facing development opportunities. The company is seizing industry growth opportunities and meeting the technical requirements for ultra-fast laser processing of M9 and Q materials used in Rubin and subsequent AI PCB products, the company's ultra-fast laser drilling machine has a significant competitive advantage. Currently, the company has cooperated with downstream mainstream manufacturers for verification, samples have been sent to most manufacturers, and the verification process is progressing rapidly for some manufacturers. The laser drilling machine supporting the M9 scheme has been certified by NVIDIA, with the product expected to achieve mass delivery by 2026. Dongguan Securities stated that the PCB industry chain is expected to remain highly prosperous. Combining the previous performance forecasts, the PCB industry chain is expected to achieve rapid growth in performance by 2025. On one hand, benefiting from the continuous growth in downstream AI computing power demand, on the other hand, AI is driving PCB towards high performance and high density upgrades. Demand for high-value products such as high multilayer boards, high-grade HDI, and high-end copper foil materials is increasing, driving growth in high-end drilling consumables and equipment.