Han’s Laser Expects 2026 First-Three-Quarter Net Profit Up 145.55%-157.13%

The order mix is the real signal here: PCB, consumer electronics, lithium-battery, semiconductor and general laser processing all contributing points to broad-based capital equipment demand rather than a single end-market cycle. The undelivered backlog carried into the period suggests revenue recognition lags order intake, so the profit jump reflects conversion of earlier bookings as much as current momentum. Whether that ~90% order growth rate is sustained, and how much of the backlog converts on schedule, is the open question for the equipment supply chain.