Han's Laser highlights cyclical growth attributes including 3D printing business

Han's Laser (Shenzhen: 002008), a global leader in smart manufacturing equipment, is drawing analyst attention for its cyclical growth profile, which includes a rising 3D printing segment. In a May 23, 2026 report, Dongwu Securities initiated coverage with a 'Buy' rating, projecting 2026–2028 net profits of RMB 2.27B, RMB 3.41B, and RMB 4.37B respectively. The bullish case rests on two catalysts: PCB equipment demand driven by AI server infrastructure (Nvidia Rubin architecture) and the anticipated adoption of titanium alloy 3D printing for Apple's foldable smartphone hinge and mid-frame components, expected to launch in 2026. Han's Laser's 3D printing subsidiary, Han's Juwei, leverages proprietary green laser and ring-beam technology for high-precision titanium forming, positioning it as a key supplier in the consumer electronics AM supply chain.

This development fits the 'consumer-electronics titanium pull-through' pattern, where a single OEM's design choice creates a step-change in AM demand for a specific material and process. Apple's confirmed use of AM in the Watch Ultra 3 and iPhone Air has already validated metal PBF-LB for high-volume consumer production; a foldable device would extend that to complex structural components like hinges and mid-frames, which require high-strength, lightweight titanium alloys. Han's Laser's vertical integration—from core laser diodes to full-system solutions—mirrors the Chinese localization arc, where domestic suppliers build self-sufficient supply chains to capture value from Western OEM design wins. The key question is whether Han's Juwei can scale from prototype runs to production-level repeatability, matching the throughput and quality standards that consumer electronics demand.

For the AM industry, this is a concrete signal that the consumer electronics vertical is moving beyond pilot projects into genuine production pull. Han's Laser must now demonstrate that its green laser and ring-beam technology can deliver the surface finish, dimensional accuracy, and cycle times required for foldable phone components at volumes of millions of units per year. If successful, it will further entrench titanium PBF-LB as a standard process for premium consumer hardware, opening the door for other Chinese OEMs to compete in this high-value segment.