苏州德龙激光股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布 公司 2022 年年度报告和公司 2023 年第一季度报告，为便于广大投资者更全面深 入地了解公司 2022 年度和 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 6 月 2 日下午 15:00-16:00 举行 2022 年度暨 2023 年第一季度业绩说明 会，就投资者关心的问题进行交流。 一、 说明会类型 证券代码：688170 证券简称：德龙激光 公告编号：2023-016 苏州德龙激光股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会 的公告 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。 重要内容提示： 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度和 2023 年第 一季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 会议召开时间：2023 年 6 月 2 日(星期五) ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥97,845,753.33, representing a decrease of 28.40% year-over-year[5] - The net profit attributable to shareholders was ¥4,792,158.23, down 79.79% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 90.56% to ¥2,194,476.26[5] - The basic and diluted earnings per share were both ¥0.05, reflecting a decline of 83.87%[6] - The weighted average return on equity was 0.37%, a decrease of 3.64 percentage points[6] - The company reported a gross profit margin of approximately 2.3% in Q1 2023, compared to 10.5% in Q1 2022[20] - Net profit for Q1 2023 was CNY 4,792,158.23, a significant decline of 79.8% from CNY 23,709,728.56 in Q1 2022[20] - Basic earnings per share for Q1 2023 were CNY 0.05, down from CNY 0.31 in Q1 2022, indicating a decrease of 83.9%[20] Research and Development - Research and development expenses totaled ¥21,937,670.68, an increase of 31.22% year-over-year, accounting for 22.42% of operating revenue, up 10.19 percentage points[6][10] - The company has been increasing its R&D investments in the semiconductor sector and has developed multiple new technologies and products since the establishment of its new energy division in early 2022[10] - Research and development expenses increased to CNY 21,937,670.68 in Q1 2023, up 31.4% from CNY 16,718,745.51 in Q1 2022[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,641,674,914.66, an increase of 1.71% from the end of the previous year[6] - The equity attributable to shareholders was ¥1,314,510,964.75, up 0.37% from the end of the previous year[6] - The company's total assets amounted to ¥1,641,674,914.66, an increase from ¥1,614,021,786.08 as of December 31, 2022, reflecting a growth of approximately 1.7%[16] - Total liabilities as of Q1 2023 amounted to CNY 327,163,949.91, an increase from CNY 304,301,797.78 in the previous year[19] - The company's total current assets amounted to ¥1,418,274,235.80, compared to ¥1,392,300,146.65, showing an increase of approximately 1.9%[17] - The company's non-current assets totaled ¥223,400,678.86, a marginal increase from ¥221,721,639.43, reflecting a growth of about 0.8%[17] Cash Flow - The net cash flow from operating activities was -¥3,045,176.16, indicating a negative cash flow situation[6] - In Q1 2023, the company reported cash inflows from operating activities of ¥162,329,945.33, an increase from ¥152,939,441.14 in Q1 2022, representing a growth of approximately 6.5%[22] - The net cash flow from operating activities was -¥3,045,176.16, an improvement compared to -¥18,985,942.88 in the same period last year[22] - Cash inflows from investment activities totaled ¥346,462,186.82, with a net cash flow from investment activities of ¥117,044,085.34, a significant recovery from -¥41,141,989.01 in Q1 2022[23] - The net increase in cash and cash equivalents for the quarter was ¥113,240,595.49, compared to a decrease of -¥50,684,999.35 in Q1 2022[23] - The ending balance of cash and cash equivalents reached ¥542,572,428.25, a substantial increase from ¥95,243,997.50 at the end of Q1 2022[23] Shareholder Information - The company reported a total of 10 major shareholders, with no known relationships or concerted actions among them[14]

Financial Performance - The company's operating revenue for 2022 was CNY 568,452,971.58, an increase of 3.48% compared to CNY 549,316,370.07 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 67,401,477.69, a decrease of 23.16% from CNY 87,713,713.34 in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 51,556,403.35, down 35.77% from CNY 80,274,415.61 in 2021[22]. - The net cash flow from operating activities was CNY 4,353,276.99, a significant decrease of 91.42% compared to CNY 50,732,077.10 in 2021[22]. - The total assets at the end of 2022 were CNY 1,614,021,786.08, an increase of 66.41% from CNY 969,930,217.47 at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were CNY 1,309,719,988.30, a 126.02% increase from CNY 579,463,469.09 at the end of 2021[22]. - The company's operating revenue for the year reached ¥568,452,971.58, representing a year-on-year increase of 3.48%[142]. - Operating costs amounted to ¥285,892,148.21, which is a 5.66% increase compared to the previous year[144]. - The gross profit margin for precision laser processing equipment was 49.09%, showing an increase of 0.26 percentage points year-on-year[146]. Dividend and Profitability - The company plans to distribute a cash dividend of 4 CNY per 10 shares, totaling approximately 41.34 million CNY, which represents 61.34% of the net profit attributable to shareholders for 2022[6]. - The company has not yet achieved profitability since its listing[5]. - Basic and diluted earnings per share were both 0.71 yuan, down 37.17% from the previous year[24]. Research and Development - The company's R&D expenditure accounted for 14.99% of operating revenue, an increase of 4.26 percentage points year-on-year[24]. - R&D expenses increased by 44.63% year-on-year, impacting net profit growth[37]. - The company achieved a total R&D investment of ¥85,235,478.28 in 2022, representing a 44.63% increase compared to ¥58,932,661.11 in the previous year[103]. - R&D investment accounted for 14.99% of total revenue, up from 10.73%, indicating a 4.26% increase in the proportion of R&D spending[103]. - The company applied for 35 invention patents and obtained 1, bringing the total number of valid patents to 34[100]. Market and Product Development - The company is focusing on expanding into the new energy sector while maintaining its core applications in semiconductors, displays, and electronics[35]. - The company has established a new energy division in 2022, targeting lithium battery and photovoltaic applications, including perovskite solar cell production equipment[45]. - The company launched a fully automated laser annealing equipment for SiC with capabilities for automatic loading and unloading of wafers, achieving high efficiency in advanced packaging applications[42]. - The company introduced a fully automated glass laser edging machine, replacing traditional CNC methods, enhancing precision in mobile and smart wearable device applications[43]. - The company has developed a series of laser processing solutions for lithium battery applications, enhancing efficiency and reducing costs for clients[70]. Sales and Revenue Growth - The company reported a significant increase in sales and R&D expenses, impacting overall profitability[24]. - Precision laser processing equipment sales revenue reached 426 million yuan, a year-on-year increase of 5.60%[36]. - The company's net profit attributable to shareholders was 67.40 million yuan, a decrease of 23.16% compared to the previous year[37]. - The overall laser sales revenue was 41.21 million yuan, down 27.81% year-on-year, affected by a slowdown in downstream demand[37]. Risks and Challenges - The company has identified potential risks in its operations, which are detailed in the management discussion section of the report[5]. - The company faces risks related to the reliance on imported core materials, which may be affected by international trade conditions[134]. - The competitive landscape in the laser processing market is intensifying, with over 300 domestic companies, leading to increased market risks[129]. - The company lacks continuity among its top five clients, which may impact future revenue stability[133]. Corporate Governance - The audit report issued by Dahua Certified Public Accountants confirms the financial report's authenticity and completeness[6]. - There are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[9]. - The board of directors has confirmed that all members attended the board meeting[5]. - The company has not disclosed any special arrangements for corporate governance[9]. Future Outlook - The future plans and strategies mentioned in the report are subject to uncertainties and do not constitute a commitment to investors[7]. - The company aims to enhance its competitive edge in the LED chip industry by optimizing Micro LED technology and reducing production costs amid increasing market competition[68]. - The company is committed to advancing the Micro LED display technology, which is seen as the next generation after OLED[110].

Financial Performance - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 41.34 million RMB, which represents 61.34% of the net profit attributable to shareholders for 2022[7]. - Net profit attributable to shareholders decreased by 23.16% to CNY 67,401,477.69 in 2022 from CNY 87,713,713.34 in 2021[59]. - Operating income rose by 3.48% to CNY 568,452,971.58 in 2022, up from CNY 549,316,370.07 in 2021[59]. - The average return on equity decreased by 10.03 percentage points to 6.34% in 2022 from 16.37% in 2021[59]. - The company experienced a significant decline in net cash flow from operating activities, down 91.42% to CNY 4,353,276.99 in 2022 from CNY 50,732,077.10 in 2021[59]. - Research and development expenses accounted for 14.99% of operating income in 2022, an increase of 4.26 percentage points from 10.73% in 2021[60]. - Total assets increased by 66.41% to CNY 1,614,021,786.08 in 2022 compared to CNY 969,930,217.47 in 2021[59]. Business Focus and Technology Development - The main business focuses on high-end industrial precision laser processing equipment and laser devices, with a strong emphasis on R&D in new products and technologies[12]. - The company has developed core technologies for nanosecond, ultrafast (picosecond, femtosecond), and adjustable pulse width solid-state lasers, with mature products ready for industrial-scale production[12]. - The company is committed to expanding its market presence in semiconductor and new energy applications, leveraging its advanced laser technologies[12]. - The company has established a new energy division in 2022, focusing on lithium battery and photovoltaic applications[19]. - The company is focusing on high-power cutting/welding, microelectronics processing, and sensing applications, driving the demand for ultrafast (picosecond and femtosecond) lasers[26]. - The company has developed specialized equipment for new applications, including third-generation semiconductor laser solutions and Micro LED laser solutions, indicating strong growth potential in downstream markets[29]. Product Offerings and Market Applications - The precision laser processing equipment is categorized into semiconductor, display, new electronics, and new energy sectors, addressing various applications[14]. - The company’s semiconductor laser processing equipment includes cutting and scribing for silicon carbide and gallium nitride wafers, as well as advanced packaging applications[14]. - The company is targeting the micro LED market with laser transfer and separation technologies, enhancing its product offerings in the new energy sector[15]. - The company has achieved significant advancements in laser processing solutions for ultra-thin, ultra-hard, brittle, flexible, and composite materials[12]. - The company’s laser processing equipment for flexible circuit boards (FPC) and printed circuit boards (PCB) is designed for high-precision applications[18]. - The company’s new products in the automotive sector include laser processing solutions for vehicle glass, enhancing precision in manufacturing[18]. - The company has introduced advanced packaging and drilling equipment compatible with wafer-level packaging products[16]. - The company’s laser processing solutions are increasingly applied in the automotive electronics, 5G, and consumer electronics sectors[19]. Market Trends and Growth Projections - In 2021, the global laser equipment market sales revenue reached approximately $21 billion, with a year-on-year growth of 16%, and is expected to grow by about 10% to $23.2 billion in 2022[25]. - The Chinese laser equipment market is projected to reach 87.6 billion yuan in 2022, reflecting a year-on-year growth of 6.7%[25]. - The domestic ultrafast laser market size reached 3.2 billion yuan in 2021, with an expected growth to 3.85 billion yuan in 2022, representing a year-on-year increase of 20.32%[28]. - The market for third-generation semiconductor power electronics in electric vehicles and charging stations in China was approximately ¥6.85 billion in 2022, projected to grow to ¥24.5 billion by 2026, with an annual growth rate of nearly 37.5%[33]. - The global Micro LED display market is projected to reach $3.391 billion by 2026, with a compound annual growth rate of 173.89% from 2021 to 2026[38]. - In 2022, China's new energy vehicle sales reached 7.058 million units, a year-on-year increase of 96.9%, maintaining its position as the world's largest market for eight consecutive years[40]. Shareholder Information - The top shareholder, Zhao Yuxing, holds 23,745,000 shares, representing 22.97% of the total shares[65]. - Beijing Woyan Investment holds 10,326,837 shares, accounting for 9.99% of the total shares, with 6,597,468 shares pledged[65]. - Jiangyin Tianlong Heavy Industry holds 6,470,000 shares, which is 6.26% of the total shares[65]. - The company has a total of 4,850,000 shares held by Jiangsu Zhongmei Mining Equipment, representing 4.69%[65]. - Suzhou Dezhan Investment holds 3,980,000 shares, making up 3.85% of the total shares[65]. - Shanghai Shangli Investment has 3,870,000 shares, which is 3.74% of the total shares[65]. - Wuxi Guanying Investment holds 3,690,000 shares, accounting for 3.57% of the total shares[65]. - The total shares held by the top ten shareholders do not indicate any related party relationships or concerted actions among them[65]. - The company does not have any preferred shareholders with voting rights[67]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[6]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[5]. - There are no significant changes in the company's operating conditions reported during the period[69].

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 20%[14]. - The company's operating revenue for the first half of 2022 was RMB 242,193,718.56, representing a year-on-year increase of 7.99%[20]. - The net profit attributable to shareholders decreased by 13.94% to RMB 25,145,993.06 compared to the same period last year[20]. - The gross profit margin improved to 35%, up from 30% in the same period last year, indicating better cost management and pricing strategies[14]. - The comprehensive gross profit margin decreased by 2.02 percentage points compared to the same period last year, attributed to changes in the sales revenue proportion of various products[21]. - The basic earnings per share decreased by 23.68% to RMB 0.29 compared to the same period last year[21]. - The company's total assets increased by 69.16% to RMB 1,640,741,299.67 compared to the end of the previous year[20]. - The company's net assets increased significantly by 118.72% to RMB 1,267,381,178.39 compared to the end of the previous year, mainly due to funds raised from the initial public offering[22]. - The company's long-term equity investments decreased by 43.15% to ¥919,509.39, reflecting impairment losses on investments in associates[91]. - The company achieved operating revenue of 242.19 million yuan, an increase of 7.99% year-on-year[72]. Research and Development - Research and development expenses increased by 10% to 50 million CNY, focusing on advanced laser technologies and applications[14]. - Research and development expenses increased by 43.26%, with R&D investment accounting for 14.75% of operating revenue, up from 11.12% in the previous year[21]. - The company achieved a significant increase in R&D investment, totaling ¥35,728,067.16, which represents a 43.26% increase compared to the previous year[53]. - The total R&D investment accounted for 14.75% of operating revenue, an increase of 3.63 percentage points from the previous year[53]. - The company has increased its R&D personnel and average salaries, leading to higher overall R&D costs[54]. - The company has applied for and obtained a total of 21 patents during the reporting period, with 1 invention patent and 17 utility model patents granted[51]. - The company is focused on addressing the domestic semiconductor industry's reliance on imports by enhancing local production capabilities[49]. - The company is committed to innovation in laser technology, focusing on developing new products that meet the evolving needs of the semiconductor and renewable energy markets[33]. Market Expansion and Product Development - The company plans to launch two new laser products in Q3 2022, targeting the semiconductor and automotive industries[14]. - The company is expanding its market presence in Southeast Asia, with plans to establish a new office in Singapore by the end of 2022[14]. - The company specializes in precision laser processing equipment and lasers, with key products categorized into semiconductor, display, new electronics, and renewable energy sectors[28]. - The company has established a new energy division to expand into lithium battery and photovoltaic applications, indicating a strategic market expansion[33]. - The company launched the industrial-grade 30W femtosecond UV laser in 2022, which has entered mass production[34]. - The company has developed a series of laser products, including the Coral and Marble series nanosecond lasers, which have received positive customer feedback and secured international orders, particularly in Japan, the USA, and Europe[42]. - The company has developed laser stress-induced cutting technology, which offers higher efficiency and lower material loss compared to traditional mechanical cutting, serving major clients like HiSilicon and SMIC[42]. - The company is committed to developing advanced laser technology to meet the growing demand for high-precision cutting in the semiconductor market[57]. Financial Position and Cash Flow - The company maintains a strong cash position with 200 million CNY in cash reserves, providing flexibility for future investments[14]. - The net cash flow from operating activities turned negative at RMB -10,548,840.92, primarily due to the maturity of bank acceptance bills and increased employee compensation payments[22]. - The company reported a substantial increase in cash and cash equivalents, reaching ¥509,540,565.27, which accounted for 31.06% of total assets, driven by the inflow of funds from the initial public offering[85]. - The company's inventory increased by 4.57% to ¥361,884,939.58, indicating a strategic buildup of stock in anticipation of future sales[86]. - The company has not utilized the raised funds for permanent working capital replenishment[167]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the laser industry[14]. - The company faces risks from intensified market competition and the need for continuous technological development to maintain its competitive edge[75][76]. - The demand for laser processing equipment is closely tied to the investment trends in downstream industries, which may fluctuate based on market conditions[77]. Corporate Governance and Shareholder Commitments - The company has committed to a share lock-up period of 36 months starting from the listing date, as per the commitment made on April 29, 2022[114]. - The company has made a long-term commitment to repurchase shares and compensate investors for losses, as per the commitment made on April 29, 2022[116]. - The company has established measures to reduce related party transactions as part of its governance commitments[120]. - The company will ensure compliance with all relevant laws and regulations regarding share management and transfer[124]. - The company commits to not transferring or managing shares held before the IPO for 12 months post-listing[128]. Environmental Compliance - The company has not disclosed any significant environmental penalties or issues during the reporting period, adhering to relevant environmental laws and regulations[110]. - The company has implemented measures to reduce noise pollution in its production processes, including the use of low-noise equipment and soundproofing[110]. - The company is focused on maintaining compliance with environmental standards and has not faced any major environmental incidents[110].