Han‘s Laser Technology (002008.SZ): Announced Investment in Optical Fiber and Preform Project of up to Rmb2.52bn

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Han‘s Laser Technology (002008.SZ): Announced Investment in Optical Fiber and Preform Project of up to Rmb2.52bn

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25 Jun 2026 21:53:29 ET │ 11 pages

Han's Laser Technology (002008.SZ)

Announced Investment in Optical Fiber and Preform Project of up to

Rmb2.52bn

CITI’S TAKE Buy

Han’s Laser (HL) announced on 25 June that two of its controlling Price (25 Jun 26 15:00) Rmb152.800

subsidiaries – Hangzhou Yongtong Intelligent Manufacturing Technology ( Target price Rmb177.000

永通智造) and Han’s Laser Technology (Zhangjiagang) (张家港大族) – will

Expected share price return 15.8% jointly invest no more than Rmb2.52bn in the construction of an optical

fiber and preform production project with a total capacity of 60mn km Expected dividend yield 0.2%

of optical fibers including hollow-core fibers and 2,000 tons of optical Expected total return 16.1%

fiber preforms and synthetic quartz. After the acquisition of Attom – an Market Cap Rmb157,323M

liquid cooling solution provider, this investment again demonstrates HL’s US$23,241M

ambition to capture as much AI opportunity as possible, expanding its

business from equipment to key components and materials for AI. We

expect a positive share-price reaction to this announcement and reaffirm

our Buy rating on HL. Jamie WangAC

+852-2501-2772

jamie.ck.wang@citi.com

Project details – The investment includes two phases of construction. Phase I:

Rmb1.52bn investment for the production capacity of 1,200 tons of optical fiber Eric Lau

preforms and synthetic quartz and 36mn km of optical fibers. The construction period +852-2501-2726

will be 12 months. Phase II: Rmb1.0bn investment for the production capacity of 800 eric.h.lau@citi.com

tons of optical fiber preforms and synthetic quartz and 24mn km of optical fibers. In