AI Computing Power Drives Earnings Surge, Han's Laser H1 Revenue Up 76% YoY, Non-GAAP Net Profit Soars 440% | Earnings Report

Propelled by the AI computing power wave, Han's Laser saw H1 2026 revenue surge over 70% YoY, with non-GAAP net profit up more than fourfold. High-end PCB equipment, as the core growth driver, saw revenue double YoY with gross margin rising to 35.15%; consumer electronics equipment emerged as a highlight with nearly twofold growth, while new businesses such as 3D printing and semiconductor equipment are also poised for takeoff. However, rapid scale expansion was accompanied by accounts receivable climbing to RMB 12 billion and negative operating cash flow.