Core Viewpoint - Shenzhen Han's CNC Technology Co., Ltd. (Han's CNC) has submitted a prospectus for a public listing on the Hong Kong Stock Exchange, marking its second attempt after a previous application lapsed in May 2025. The company was listed on the Shenzhen Stock Exchange in February 2022, with a market capitalization of approximately RMB 45.7 billion as of December 2, 2023 [1]. Company Overview - Han's CNC is a leading provider of PCB (Printed Circuit Board) specialized production equipment solutions in China, with over 20 years of industry experience. The company supports downstream sectors such as servers, data storage, automotive electronics, mobile phones, computers, and consumer electronics. Its product range covers nearly all major PCB production processes, including drilling, exposure, lamination, molding, and testing, positioning it among the top in the global PCB equipment industry [3]. Shareholding Structure - The controlling shareholders of Han's CNC include Mr. Gao Yunfeng, Han's Laser, Han's Holdings, and Han's Global, with Mr. Gao being the ultimate beneficial owner. As of the last practicable date, Mr. Gao holds approximately 84.39% of the company's issued share capital through Han's Laser (83.63%) and Han's Holdings (0.76%). Han's Laser is listed on the Shenzhen Stock Exchange [3]. Financial Performance - Han's CNC has shown a "first decline, then rise" recovery trend in its financial performance. The company reported revenues of RMB 2.786 billion, RMB 1.634 billion, and RMB 3.343 billion for the years 2022, 2023, and 2024, respectively, with net profits of RMB 432 million, RMB 136 million, and RMB 300 million. The revenue fluctuations in 2023 were attributed to cyclical adjustments in the industry, while the strong rebound in 2024 highlighted the company's rapid response capabilities and core competitiveness during the industry recovery [5]. - In Q3 2025, the company achieved revenue of RMB 1.521 billion, a year-on-year increase of 95.19%, and net profit of RMB 228 million, a staggering year-on-year growth of 281.94%. For the first three quarters of 2025, cumulative revenue reached RMB 3.903 billion, up 66.53%, and net profit was RMB 492 million, up 142.19%, marking the best performance for the same period since the company went public in 2022 [5]. Product Development - Beyond drilling equipment, Han's CNC has achieved synergistic development across multiple processes, including lamination, exposure, molding, and testing. The company has introduced innovative products such as the "drill and measure integrated machine" and "laser cleaning machine for solder mask," which help clients reduce costs and improve efficiency, further solidifying its market position [6].

（编辑 袁冠琳） 证券日报网讯 12月2日晚间，大族激光发布公告称，控股股东大族控股集团有限公司及股东高云峰合计 解除质押14，900，000股，其中大族控股解除7，300，000股，高云峰解除7，600，000股；高云峰同日 新增质押6，300，000股。 ...

每经头条（nbdtoutiao）——股民发帖求主力拉涨停，次日竟成真！襄阳轴承涨停迷局背后：平台审核 漏洞与市场操纵疑云发酵 （记者 曾健辉） 每经AI快讯，大族激光12月2日晚间发布公告称，截至本公告日，高云峰累计质押股数为8898万股，占 其所持股份比例为92.38%。大族控股累计质押股数约为1.02亿股，占其所持股份比例为62.92%。 ...

关于股东部分股份解除质押及质押的公告 证券代码：002008 证券简称：大族激光 公告编号：2025074 大族激光科技产业集团股份有限公司 关于股东部分股份解除质押及质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 大族激光科技产业集团股份有限公司（以下简称"公司"或"大族激光"） 近日接获公司控股股东大族控股集团有限公司（以下简称"大族控股"）及股东 高云峰之告知函，获悉大族控股将其持有的本公司部分股份进行了解除质押登记， 高云峰将其持有的本公司部分股份进行了解除质押及质押登记，具体情况如下： 一、股东股份质押（解除质押）基本情况 （一）股东股份质押（解除质押）基本情况 2、本次股份质押基本情况 | | 是否为控股 | | | 占公 | 是否 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 股东或第一 | 本次质押 | 占其所 持股份 | 司总 | 为限 | 为补充 | 质押 | 质押 | 质权人 | 质押 用途 | ...

Core Viewpoint - The company has approved changes to its accounting estimates regarding expected credit losses on receivables to better reflect actual credit risks and financial conditions, effective from October 1, 2025 [10][14]. Group 1: Meeting Overview - The 11th meeting of the 8th Board of Directors was held on November 28, 2025, with all 12 directors present, chaired by Mr. Gao Yunfeng [1][3]. - The meeting complied with the Company Law of the People's Republic of China and the company's articles of association [1]. Group 2: Accounting Estimate Change - The change in accounting estimates was approved to address the inadequacy of the previous expected credit loss rates in reflecting actual credit risks [10][11]. - The company will categorize receivables based on customer types, specifically separating listed companies and Fortune 500 companies from other customers for more accurate credit loss estimation [12][14]. - The expected credit loss rates for receivables will be adjusted without retrospective application, meaning no impact on previously disclosed financial statements [14][15]. Group 3: Financial Impact - The company anticipates an increase in total profit of approximately 110 million yuan for the fourth quarter of 2025 due to the accounting estimate change [14]. Group 4: Audit Committee Review - The Audit Committee reviewed and approved the accounting estimate change on November 19, 2025, affirming that it would provide more reliable and accurate financial information [15][16].

Group 1 - The core point of the article is that Dazhong Laser announced a board meeting to discuss changes in accounting estimates and reported that its revenue for the first half of 2025 is entirely from the intelligent manufacturing equipment manufacturing sector [1] - Dazhong Laser's market capitalization is currently 38.2 billion yuan [2] Group 2 - The company held its eighth board meeting on November 28, 2025, via telecommunication [1] - The revenue composition for Dazhong Laser in the first half of 2025 is 100% from the intelligent manufacturing equipment manufacturing industry [1]

关于会计估计变更专项说明的 专项审核报告 大族激光科技产业集团股份有限公司 容诚专字[2025]518Z1028 号 容诚会计师事务所(特殊普通合伙) 中国·北京 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 关于会计估计变更专项说明的 专项审核报告 容诚专字[2025]518Z1028 号 大族激光科技产业集团股份有限公司全体股东： 我们接受委托，对大族激光科技产业集团股份有限公司（以下简称"大族激光" 或"公司"）编制的《大族激光科技产业集团股份有限公司会计估计变更的专项说明》 进行了审核。 按照《企业会计准则》、 中国证券监督管理委员会和深圳证券交易所的相关 规定对会计估计变更进行确认、计量和相关信息的披露是大族激光管理层的责任。 我们的责任是按照《中国注册会计师其他鉴证业务准则第 3101 号一历史财务 信息审计或审阅以外 ...

会计估计变更公告 证券代码：002008 证券简称：大族激光 公告编号：2025073 大族激光科技产业集团股份有限公司 会计估计变更公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、为了更加客观、公正地反映公司的财务状况和经营成果，公司以谨慎性 原则为前提，并结合应收账款与合同资产的实际管理情况，对应收账款与合同资 产按账龄组合计提预期信用损失的会计估计进行变更。 2、根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》 的有关规定，本次调整属于会计估计变更。本次会计估计变更自 2025 年 10 月 1 日起执行，采用未来适用法进行会计处理，对公司 2025 年前三季度及以往各年 度财务状况和经营成果不会产生影响，无需追溯调整。 2025 年 11 月 28 日，大族激光科技产业集团股份有限公司（本公告中简称 "公司"或"大族激光"）第八届董事会第十一次会议审议通过了《关于会计估 计变更的议案》。根据《深圳证券交易所股票上市规则》及《公司章程》的相关 规定，本次会计估计变更无需提交公司股东会审议，现将具体情况公告如下： 一 ...

一、审议通过《关于会计估计变更的议案》 第八届董事会第十一次会议决议公告 证券代码：002008 证券简称：大族激光 公告编号：2025072 大族激光科技产业集团股份有限公司 第八届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 因原有应收款项（含应收票据、应收账款、应收款项融资、合同资产、长期 应收款）预期信用损失率无法客观反映实际信用风险等情况，为更客观地反映公 司面临的信用风险、财务状况及经营成果，匹配公司业务发展及管理模式，经综 合评估，公司以谨慎性原则为前提，根据《企业会计准则第 28 号——会计政策、 会计估计变更和差错更正》《企业会计准则第 22 号——金融工具确认和计量》 的相关规定，参考同行业上市公司预期信用损失率，结合公司实际经营情况对会 计估计进行变更。 具体内容详见 2025 年 12 月 2 日公司在指定信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）及《证券时报》、《中国证券报》、《上海证券报》 披露的《会计估计变更公告》（公告编号：2025073）。 大族激光科技产业集团股 ...

Market Overview - The automation equipment sector increased by 1.04% on December 1, with Gokong Technology leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Top Performers in Automation Equipment Sector - Gokong Technology (301510) closed at 36.68, up 6.32% with a trading volume of 358,400 shares [1] - Ruisheng Intelligent (688215) closed at 80.20, up 5.94% with a trading volume of 23,900 shares [1] - Lechuang Technology (920425) closed at 21.35, up 5.85% with a trading volume of 24,300 shares [1] - Boshi Co., Ltd. (002698) closed at 16.20, up 5.54% with a trading volume of 131,680 shares [1] Fund Flow Analysis - The automation equipment sector saw a net inflow of 81.14 million yuan from institutional investors and 90.51 million yuan from retail investors, while individual investors had a net outflow of 172 million yuan [2] - Key stocks with significant net inflows include Huichuan Technology (300124) with a net inflow of 98.41 million yuan [3] - Dazhu Laser (002008) had a net inflow of 46.19 million yuan, while Genesis (300083) saw a net inflow of 34.76 million yuan [3]