Han's Laser Signs About RMB 24.3 Billion in New Orders in First Three Quarters, Up About 90% Year Over Year

Han's Laser disclosed on October 15, 2026 that it signed about RMB 24.3 billion in new orders in the first three quarters, up about 90% year over year. AI compute infrastructure is driving capacity expansion for high-layer-count PCBs, and the company's laser processing equipment serves consumer electronics, power batteries, photovoltaics and other applications. Inventory stood at RMB 7.234 billion and accounts receivable at RMB 12.084 billion in the first half of 2026, with a net operating cash outflow of RMB 683 million, so order growth is accompanied by working capital pressure.