Core Viewpoint - The company conducted a self-examination regarding the trading activities of insiders and incentive recipients related to the 2025 Restricted Stock Incentive Plan, confirming no insider trading occurred during the specified period [1][6]. Group 1: Self-Examination Process - The company held a board meeting on July 1, 2025, to approve the 2025 Restricted Stock Incentive Plan and disclosed relevant announcements on July 2, 2025 [1]. - The self-examination covered all insiders and incentive recipients associated with the plan, following the regulations set forth in various management and disclosure guidelines [2][3]. Group 2: Trading Activities of Insiders - During the self-examination period from January 2, 2025, to July 1, 2025, a total of 41 insiders engaged in trading the company's stock [4]. - The trading activities of these insiders were based on their independent judgment of the secondary market and were not influenced by any undisclosed information regarding the incentive plan [4][6]. Group 3: Conclusion of the Self-Examination - The company adhered to all relevant laws and internal confidentiality protocols during the planning of the incentive program, ensuring that only a limited number of personnel had access to insider information [6]. - The examination concluded that there were no instances of insider trading or information leakage related to the incentive plan among the insiders and incentive recipients [6].

证券代码：688025 证券简称：杰普特 公告编号：2025-034 （一）核查对象为本次激励计划的内幕信息知情人及所有激励对象。 （二）本次激励计划的内幕信息知情人填报了《内幕信息知情人登记表》。 （三）公司向中国证券登记结算有限责任公司上海分公司（以下简称"中国 结算上海分公司"）就核查对象在本次激励计划草案首次公开披露前六个月（2025 年 1 月 2 日至 2025 年 7 月 1 日，以下简称"自查期间"）买卖公司股票情况提 交了查询申请，并由中国结算上海分公司出具了查询证明。 二、核查对象买卖公司股票情况说明 深圳市杰普特光电股份有限公司 关于 2025 年限制性股票激励计划 内幕信息知情人及激励对象买卖公司股票情况的自查报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 深圳市杰普特光电股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日 召开第四届董事会第二次会议审议通过了《关于公司<2025 年限制性股票激励计 划（草案）>及其摘要的议案》等相关议案，并于 2025 年 7 月 2 日在上海 ...

Investment Rating - The industry investment rating is "Overweight" indicating that the industry is expected to outperform the overall market [2][9]. Core Insights - The PCB industry is experiencing continuous expansion driven by the demand for AI computing infrastructure, with major companies like Huadian and Shenghong investing significantly in new projects [3]. - The expansion is primarily focused on high-layer HDI boards, leading to increased requirements for equipment quantity and pricing [3]. - The exposure segment of PCB equipment, which accounts for 10%-15% of the total equipment value, is seeing higher demand for advanced exposure equipment due to stricter requirements from high-end PCB boards [3]. - The drilling segment, which constitutes about 25% of PCB equipment value, is benefiting from the increasing complexity of PCB designs, with a shift towards laser drilling technology [3]. - The PCB drill needle market is experiencing growth due to the surge in AI demand, prompting manufacturers to expand production capacity [3]. - The electroplating segment, which represents around 10% of PCB equipment value, is seeing increased demand for high-end equipment as AI applications require thicker copper and finer lines [3]. Summary by Sections PCB Expansion - Continuous expansion in the PCB sector is driven by AI computing needs, with significant investments from leading companies [3]. Exposure Equipment - Exposure equipment is critical for high-end PCB production, with domestic companies improving their capabilities to meet rising demands [3]. Drilling Equipment - The drilling process is evolving with a shift towards laser technology, driven by the need for smaller apertures and tighter tolerances in PCB manufacturing [3]. Drill Needles - The demand for high-quality drill needles is increasing, with manufacturers ramping up production to meet the needs of upgraded AI server PCBs [3]. Electroplating Equipment - The demand for advanced electroplating equipment is growing, particularly for high-end applications in the AI sector [3].

Investment Rating - The industry investment rating is "Positive" due to the expected growth driven by advancements in the AI industry and its impact on PCB equipment demand [4]. Core Viewpoints - The development of the AI industry is driving demand for PCB equipment, with key products such as AI servers, 800G switches, and AI smartphones expected to see significant growth. This transformation is a crucial factor for the PCB industry's new development cycle [5]. - The penetration rate of laser applications in PCB processing is increasing, particularly in drilling, exposure, and forming processes, which enhances the efficiency and precision of PCB manufacturing [5]. - Core companies in the laser equipment sector are expected to benefit from the rising complexity of PCB technology, with a focus on high-layer HDI boards and high-value-added processing equipment [5]. Summary by Sections AI Industry Impact - The AI industry's rapid expansion is a key growth engine for the PCB sector, with "All in AI" becoming a primary strategy for leading tech companies [5]. - The demand for high-layer boards and advanced packaging substrates is expected to drive continuous investment in specialized processing equipment [5]. Laser Application in PCB Processing - Drilling: Laser technology allows for the creation of micro-holes under 100 microns, offering a clean, efficient, and precise manufacturing process compared to traditional methods [5]. - Exposure: Laser direct imaging technology eliminates multiple steps in the traditional exposure process, improving production efficiency and quality [5]. - Forming: Laser technology is preferred for high-precision processing of ultra-thin and flexible boards, enhancing the manufacturing capabilities for complex PCB designs [5]. Key Companies - The report highlights several key companies that are expected to benefit from these trends, including: - 大族激光 (Daheng Laser) - 大族数控 (Daheng CNC) - 杰普特 (Jepter) - 帝尔激光 (Dier Laser) - 德龙激光 (Delong Laser) - 英诺激光 (Inno Laser) - 锐科激光 (Raycus Laser) [5][6].

Core Viewpoint - Jepter's stock price is reported at 111.46 yuan, reflecting a decline of 2.02 yuan from the previous trading day, with a trading volume of 224 million yuan [1] Group 1: Company Overview - Jepter's main business involves the research, development, production, and sales of lasers and related products [1] - The company's products are primarily applied in consumer electronics, new energy, and semiconductor sectors [1] Group 2: Financial Performance - The company expects its net profit attributable to shareholders for the first half of 2025 to be between 86 million and 100 million yuan, representing a year-on-year growth of 57.03% to 82.6% [1]

Group 1: Desktop 3D Printing Market - The global desktop 3D printing market is projected to grow from $5.9 billion in 2024 to $20.9 billion by 2030, with a CAGR of 23% [14][11]. - In 2023, China's desktop 3D printing market size was $300 million, accounting for approximately 6% of the global market, with key applications in dental/healthcare (24%), jewelry (21%), and food (19%) [14][12]. - The desktop 3D printing technology is categorized into FDM and SLA, with FDM being more cost-effective but less precise compared to SLA [14][13]. Group 2: Competitive Landscape - Bambu Lab is a leading player in the desktop 3D printing market, achieving revenues of 2.7 billion yuan in 2023, with a projected revenue of 5.5 billion yuan in 2024 [28]. - Creality, established in 2014, has sold over 5.5 million 3D printers globally, maintaining a market share of approximately 39% in the entry-level segment [29]. - Voxelab, founded in 2015, has launched over 20 products and achieved annual revenues exceeding 1 billion yuan, focusing on cost-effective solutions [35]. Group 3: Laser Engraving Market - The global laser engraving market is expected to reach $4.4457 billion in 2024, with a CAGR of 8.7% from 2025 to 2030 [47]. - The desktop laser engraving machine market is growing rapidly, with a 23% increase in sales from 2022 to 2023, reaching 370,000 units sold [47][48]. - Major players in the laser engraving market include xTool, Ortur, and Atomstack, with xTool holding a significant market share [50][54]. Group 4: Key Companies and Financials - Bambu Lab's community forum has over 100,000 members, enhancing user engagement and product adoption [28]. - xTool's revenue exceeded 1 billion yuan in 2023, with projections of 2 to 3 billion yuan in 2024, aiming for over 5 billion yuan by 2025 [54]. - The laser control system supplier, Jin Chengzi, is expected to generate revenue of 212 million yuan in 2024, with a net profit margin of 13.9% [65].

证券之星消息，8月4日自动化设备板块较上一交易日上涨2.74%，东杰智能领涨。当日上证指数报收于 3583.31，上涨0.66%。深证成指报收于11041.56，上涨0.46%。自动化设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300486 | 东杰智能 | 16.99 | 19.99% | 48.75万 | | 8.03亿 | | 832885 | 星辰科技 | 27.37 | 15.88% | 24.77万 | | 6.62亿 | | 688025 | 杰普特 | 113.48 | 12.58% | 2.69万 | | 2.87亿 | | 688215 | 瑞晟智能 | 60.66 | 11.28% | - 3.37万 | | 1.97亿 | | 603283 | 赛腾股份 | 41.12 | 8.52% | 43.59万 | | 17.58亿 | | 301112 | 信邦智能 | 39.98 | 6.10% | 4.52万 | | 1.77亿 ...

证券之星消息，8月1日自动化设备板块较上一交易日上涨0.09%，东杰智能领涨。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。自动化设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300486 | 东杰智能 | 14.16 | 20.00% | 76.60万 | | 10.00亿 | | 603283 | 赛腾股份 | 37.89 | 9.26% | 39.89万 | | 14.88 Z | | 300400 | 劲拓股份 | 19.18 | 9.16% | 37.39万 | | 7.14亿 | | 001223 | 欧克科技 | 45.86 | 7.10% | - 3.80万 | | 1.73亿 | | 688215 | 瑞晟智能 | 54.51 | 6.76% | 2.84万 | | 1.50亿 | | 688025 | 杰普特 | 100.80 | 5.22% | 2.70万 | | 2.70亿 ...

杰普特股价创出历史新高，截至9:46，该股上涨2.06%，股价报96.71元，成交量32.37万股，成交金额 3073.52万元，换手率0.34%，该股最新A股总市值达91.92亿元，该股A股流通市值91.92亿元。 证券时报·数据宝统计显示，杰普特所属的机械设备行业，目前整体涨幅为0.60%，行业内，目前股价上 涨的有421只，涨幅居前的有方盛股份、德龙激光、英维克等，涨幅分别为12.79%、10.06%、10.01%。 股价下跌的有151只，跌幅居前的有恒立钻具、拓山重工、基康技术等，跌幅分别为9.26%、8.89%、 3.83%。 7月23日公司发布上半年业绩预告，预计实现净利润8600.00万元至1.00亿元，同比变动区间为 57.03%~82.60%。 （文章来源：证券时报网） 两融数据显示，该股最新（7月30日）两融余额为1.82亿元，其中，融资余额为1.81亿元，近10日减少 2072.85万元，环比下降10.26%。 公司发布的一季报数据显示，一季度公司共实现营业收入3.43亿元，同比增长34.07%，实现净利润 3604.62万元，同比增长37.11%，基本每股收益为0.3800元，加权平均 ...

重要内容提示： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 证券代码：688025 证券简称：杰普特 公告编号：2025-033 深圳市杰普特光电股份有限公司 2025年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本次会议由公司董事会召集，董事长黄治家先生主持。会议采用现场投票和网络投票相结合的方式进行 表决。本次会议的召集、召开及表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"） 《中华人民共和国证券法》（以下简称"《证券法》"）及《深圳市杰普特光电股份有限公司章程》（以 下简称"《公司章程》"）的规定。 （五）公司董事和董事会秘书的出席情况 1、公司在任董事9人，以现场结合通讯方式出席9人； 2、董事会秘书吴检柯先生出席了本次会议；公司非董事高级管理人员均以现场结合通讯方式列席了本 次会议。 二、议案审议情况 （一）股东会召开的时间：2025年7月30日 （二）股东会召开的地点：深圳市龙华区观湖街道鹭湖社区观盛五路科姆龙科技园A栋12楼会议室 （三）出席会议的普通 ...