Han's Laser Technology (002008), a maker of laser cutters, markers, welders, and sub-surface engravers, plans to acquire a 16.44 percent interest in Dazu Guanhua for 68.97 million yuan, raising its shareholding to 67.065 percent, reports Yicai, citing a company filing.

The target company, founded in 2006 with a registered capital of 160 million yuan, researches, produces and sells homochromy,  color printing, digital printing, and digital plate-making equipment, in addition to providing related consulting services.

Dazu Guanhua posted 2011 net profit of 29.73 million yuan on revenue of 301.97 million yuan, and had total assets of 540.46 million yuan and net assets of 329.75 million yuan at the end of 2011. 

Dazu Guanhua has a 60 percent share of the domestic market for multicolor 56 printers.

Han's Laser said it is optimistic about the target company's future growth prospects.

Han's Laser posted a 19.42 percent year-on-year drop in first quarter net profit to 55.19 million yuan on a 4.51 percent decrease in revenue to 695 million yuan, with earnings per share of 0.0528 yuan.

Han's Laser predicts a 10-30 percent year-on-year fall in net profit for the first half of 2012.

According to the company, sales of laser equipment in the first half will likely be basically unchanged from the same period a year ago, while that of PCB equipment and printing equipment will drop due to the economic slowdown.