2026 IPO bonanza! Over 90% of new stocks rose on their debut!
Futu News reported on February 6 that$HANS CNC (03200.HK)$The allocation results were announced, with a price of HKD 95.8 per share, and a total issuance of 50.4518 million shares. Each lot consists of 100 shares, officially listed today.
In the previous trading session, DHC CNC's gray market closed up 21.71% at HKD 116.6. With each lot consisting of 100 shares, excluding handling fees, one lot yielded a profit of HKD 2,080.
During the public offering phase, DHC CNC received subscriptions 446.39 times over, with the final number of publicly offered shares amounting to 5.0452 million shares, representing approximately 10% of the total shares on offer. A total of approximately 159,900 valid applications were received, among which about 38,958 applications were processed. The percentage of shares allocated for one-lot subscription relative to the total applied shares was around 10%.
Additionally, during the international placement phase, DHC CNC received subscriptions 21.07 times over, with the final number of internationally placed shares totaling 45.4066 million shares, equivalent to 90% of the total shares on offer. Futu Information compiled the relevant data in the table below:



Company Overview
Shenzhen Dajia CNC Technology Co., Ltd was established in 2002 and listed on the ChiNext Board of the Shenzhen Stock Exchange in 2022, with the stock code $Shenzhen Han’s CNC Technology (301200.SZ)$ DHC CNC is a leading provider of specialized production equipment solutions for the PCB industry in China, primarily engaged in the research, development, production, and sale of specialized production equipment for PCBs. DHC CNC is one of the companies with the most extensive process solution coverage in the global field of specialized PCB production equipment; covering all sub-categories of PCB products such as conventional rigid multilayer boards, high-density interconnect boards (HDI), substrate-like panels (SLP), integrated circuit substrates (IC Substrate), flexible and rigid-flex boards (FPC & Flex-Rigid) for processes including drilling, exposure (inner layer, outer layer, solder mask), forming, electrical performance testing, reinforcement application, and automation.
It offers multi-series and various types of process solutions, including mechanical drilling machines, CO2/UV/ultrafast laser drilling solutions, LDI laser direct imaging solutions, mechanical and laser shaping solutions, specialized/general/high-precision testing solutions, steel reinforcement machines, and auxiliary material attachment solutions.
Since 2009, by revenue, the company has ranked first in the CPCA Specialized Equipment and Instruments list for 16 consecutive years. According to data from灼识咨询(ChewShi Consultancy), based on 2024 revenues from specialized PCB production equipment, the company ranks first in the Chinese market with a 10.1% market share in China.
Since 2009, by revenue, the company has ranked first in the CPCA Specialized Equipment and Instruments list for 16 consecutive years. According to data from灼识咨询(ChewShi Consultancy), based on 2024 revenues from specialized PCB production equipment, the company ranks first in the Chinese market with a 10.1% market share in China.

Financial Overview
For the fiscal years 2022, 2023, 2024, and the ten months ended October 31, 2025, the company recorded RMB revenues of 2.786 billion, 1.634 billion, 3.343 billion, and 4.314 billion, respectively. During the same periods, the company’s annual/period profits were RMB 432 million, 136 million, 300 million, and 519 million, respectively.

Use of Proceeds
In terms of fundraising purposes, Dajia CNC expects net proceeds from the global offering to amount to approximately HKD 4.631 billion (assuming the over-allotment option is not exercised and based on an offer price of HKD 95.8). According to the prospectus, Dajia CNC intends to use the proceeds from the global offering for the following purposes:
Approximately 50.0% of the net proceeds will be used to enhance R&D and operational capabilities. Approximately 40.0% of the net proceeds will be allocated to increase production capacity for PCB-specialized equipment. Around 10.0% of the net proceeds will be utilized for working capital and general corporate purposes.
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Editor/Vincent
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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