[Han’s CNC: Net profit in the first three quarters increased by 214.03% year-on-year] On October 20, Han’s CNC (301200.SZ) announced that its operating income in the third quarter was 2.856 billion yuan, a year-on-year increase of 87.77%; net profit was 587 million yuan, a year-on-year increase of 157.08%. Operating income in the first three quarters was 7.841 billion yuan, a year-on-year increase of 100.90%; net profit was 1.544 billion yuan, a year-on-year increase of 214.03%. The performance growth is mainly due to the continued strong demand for AI computing power, and the company's proportion of high value-added products continues to increase, driving significant growth in revenue; at the same time, the demand for high-end AIPCB such as new-generation rack server computing power and switching unit high multi-layer HDI boards, N+N structure high multi-layer boards, 800G and 1.6T high-speed optical module mSAP carrier boards has increased significantly. The company has seized the market opportunities of downstream customers' expansion and upgrading, and orders for all products have grown significantly. Xiaocai Note: The company’s Q3 net profit was 587 million, and Q2 net profit was 634 million. Based on this calculation, Q3 net profit dropped 7% from the previous quarter.