Han's Laser Soars on Chinese Firm's USD150 Million Plan to Set Up Overseas Operation Center

(Yicai) Feb. 25 -- Shares of Han's Laser Technology Industry Group surged after the Chinese supplier of industrial laser equipment said it plans to invest USD150 million to establish an operational center, tentatively located in Southeast Asia, to expand its overseas business and enhance service capabilities.Han's Laser [SHE: 002008] closed 7.7 percent higher at CNY63.38 (USD9.23) a share today. The broader Shenzhen market climbed 1.2 percent.Han's Laser will self-finance the project, the Shenzhen-based firm announced late yesterday. The implementation period is expected not to exceed 36 months, it added.The investment will help Han's Laser seize opportunities in overseas markets, meet the needs of international customers, enhance resource allocation and operational efficiency, and accelerate the expansion of its overseas business, boosting its global market influence and competitiveness, the company said. It will also positively impact future development while not significantly affecting its core business, it added.Han's Laser recently disclosed in an investor relations activity record that the manufacturing supply chain has shown a trend of diversification, with demand for equipment in Southeast Asia on the rise. The company is actively expanding its overseas research and development and sales teams, closely following the steps of major clients to seize market opportunities brought by supply chain diversification, it noted.In addition, in the overseas printed circuit board market, global electronic terminal brands are accelerating the diversification of their supply chains, leading to the commissioning of PCB industry investment projects in Southeast Asian countries, including Thailand and Vietnam, Han's Laser pointed out. With the restructuring of the supply chain, a new supply system will be established in the United States and Europe to support the development of the semiconductor industry, it added.Shenzhen Han's CNC Technology is the largest manufacturer of PCB-specific production equipment in China with a 10 percent market share, according to 2024 revenue data. In addition, it holds over 30 percent of the drilling equipment market.Han's Laser's net profit surged 87 percent to CNY375 million (USD54.6 million) in the third quarter of last year from a year earlier, according to its financial report. Its revenue jumped 35 percent to CNY5.1 billion (USD740 million).Since the start of this year, Han's Laser's operating situation has further improved as downstream industry demand recovers.Editor: Martin Kadiev