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大族数控- 因人工智能产品贡献提升，2025 年三季度业绩超花旗预期 36%；目标价上调至 140 元人民币
Shenzhen Han’s CNC Technology Shenzhen Han’s CNC Technology (SZ:301200)2025-10-22 02:12

Ac t i o n | 20 Oct 2025 12:42:56 ET │ 15 pages Han's CNC Technology (301200.SZ) 3Q25 Earnings Beat CitiE by 36% on Higher AI Product Contribution; Lift TP to Rmb140 CITI'S TAKE Although we have been expecting strong 3Q25 results, Han's CNC (HC) still surprised us today (3Q25 results announcement) with 3Q25 earnings (Rmb228mn, +282% YoY / +56% QoQ) strongly beating CitiE by 36% on better-than-expected revenue (Rmb1.52bn, +95% YoY / +7% QoQ and 5% ahead of CitiE) and GPM (34.0%, +8.6pp YoY / +3.3pp QoQ and 2 ...