Flash | 19 Nov 2025 12:36:46 ET │ 12 pages Han's Laser Technology (002008.SZ) What's New from Citi 2025 Industrial Tour | IT Upcycle May Start from 2026 CITI'S TAKE We met with Han's Laser (HL) Board Secretary, Mr. Du Yonggang, on 19 November. In addition to the PCB business upturn driven by stronger demand from AI PCB makers, Mr. Du believes that the next upcycle of the IT business – mainly for Apple (AAPL.O) – could start from 2026 onwards driven by not only iPhone 18 in 2026 but also iPhone's 20th annive ...

Flash | Advantages of ultrafast laser drilling equipment – With minimum line width of 10µm (micrometers), ultrafast laser drilling equipment is ideal to process PCBs on 1.6T optical transceivers (60/40µm vs. 75µm for 800G optical transceiver) and even CoWoP (Chip on Wafer on PCB) based on mSAP technology. Meanwhile, ultrafast laser can remove materials with no-heat transfer so that it won't affect surrounding materials. ASP and GPM – General mechanical drilling equipment: Rmb500k and ~20%; CCD (Camera Contr ...