Group 1 - The core focus of Delong Laser is on providing various laser solutions for solid-state battery manufacturing processes, including a laser marking insulation solution that has received small batch orders [1] - In the traditional lithium battery sector, Delong Laser offers fully automated laser blue film removal, laser baking, and roller cleaning solutions, which have achieved mass production and delivery [1] - The company's core competencies lie in laser technology, laser processing technology, and high-precision motion systems [1] Group 2 - Delong Laser is constructing a new energy high-end equipment manufacturing project in Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium battery applications, the company is also focusing on precision laser micro-processing in industries such as semiconductors, electronics, and new energy, with an emphasis on developing precision laser processing equipment and solutions [1]

Group 1 - The core focus of Delong Laser is on providing various laser solutions for solid-state battery manufacturing processes, including a laser marking insulation solution that has received small batch orders [1] - In the traditional lithium battery sector, the company offers fully automated laser blue film removal, laser baking, and roller cleaning solutions, which have achieved mass production and delivery [1] - Delong Laser's core competencies lie in laser technology, laser processing technology, and high-precision motion systems [1] Group 2 - The company is constructing a high-end equipment manufacturing project for new energy in Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium battery applications, Delong Laser is also focusing on precision laser micro-processing in industries such as semiconductors, electronics, and new energy, with an emphasis on developing precision laser processing equipment and solutions [1]

Core Viewpoint - The recent research conducted by the well-known private equity firm Deruo focuses on Delong Laser, which is advancing in solid-state battery manufacturing and laser processing technologies [1] Group 1: Company Overview - Delong Laser provides various laser solutions for solid-state battery manufacturing and has launched a laser marking insulation solution, receiving small batch orders [1] - The company offers fully automated laser solutions for traditional lithium batteries, including laser blue film removal, laser baking, and roller cleaning, achieving mass production delivery [1] - Delong Laser's core competencies lie in laser technology, laser processing technology, and high-precision motion systems [1] Group 2: Future Developments - The company is constructing a high-end equipment manufacturing project for new energy in the Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium battery applications, Delong Laser is focusing on precision laser micro-processing in sectors such as semiconductors, electronics, and new energy, emphasizing the development of precision laser processing equipment and solutions [1]

Group 1 - The core viewpoint of the news is that Yihoyuan Asset Management recently conducted research on Delong Laser, which specializes in laser solutions for solid-state battery manufacturing and has received small batch orders for its laser insulation solutions [1] - Delong Laser provides fully automated laser solutions for traditional lithium batteries, including laser blue film removal, laser baking, and roller cleaning, and has achieved mass production delivery [1] - The company's core competencies lie in laser technology, laser processing technology, and high-precision motion systems, with plans to start production in 2026 for a new energy high-end equipment manufacturing project in Jiangyin High-tech Industrial Development Zone [1] Group 2 - Yihoyuan Asset Management, established in January 2014 and officially operational since June 2015, focuses primarily on secondary stock market investments and aims to expand into primary market PE equity investments and comprehensive asset management [2] - The company's vision is to become a world-class investment firm that benefits society, with a mission centered on natural principles and societal enrichment [2] - The company's values emphasize client returns, mutual achievement, and societal benefit [2]

Group 1 - The core focus of Delong Laser is on providing various laser solutions for solid-state battery manufacturing processes, including a laser marking insulation solution that has received small batch orders [1] - In the traditional lithium battery sector, Delong Laser offers fully automated laser blue film removal, laser baking, and roller cleaning solutions, which have achieved mass production and delivery [1] - The company's core competencies lie in laser technology, laser processing technology, and high-precision motion systems [1] Group 2 - Delong Laser is constructing a new energy high-end equipment manufacturing project in Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium battery applications, the company is also focusing on precision laser processing in semiconductor, electronics, and new energy industries, emphasizing the development of precision laser processing equipment and solutions [1]

Group 1 - The core viewpoint of the news is that Hongdao Investment has conducted research on Delong Laser, which specializes in laser solutions for solid-state battery manufacturing and traditional lithium battery sectors [1] - Delong Laser has launched a laser marking insulation solution and received small batch orders, indicating initial market traction [1] - The company has achieved mass production delivery for its automated laser solutions in the traditional lithium battery field, showcasing its operational capabilities [1] Group 2 - Delong Laser's core competitive advantages lie in its laser technology, laser processing technology, and high-precision motion systems, which are critical for its product offerings [1] - The company is constructing a new energy high-end equipment manufacturing project in Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium batteries, Delong Laser is focusing on precision laser processing applications in semiconductor, electronics, and new energy industries, aiming to develop advanced laser processing equipment and solutions [1]

Group 1 - The core focus of the company is on providing various laser solutions for solid-state battery manufacturing processes, including a laser marking insulation solution that has received small batch orders [1] - In the traditional lithium battery sector, the company offers fully automated laser blue film removal, laser baking, and roller cleaning solutions, which have achieved mass production and delivery [1] - The company's core competitive advantages lie in its laser technology, laser processing technology, and high-precision motion systems [1] Group 2 - The company is constructing a new energy high-end equipment manufacturing project in Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond lithium battery applications, the company is also focusing on precision laser micro-processing in industries such as semiconductors, electronics, and new energy, with an emphasis on developing precision laser processing equipment and solutions [1]

Group 1 - The core focus of Delong Laser is on providing various laser solutions for solid-state battery manufacturing processes, including a laser marking insulation solution that has received small batch orders [1] - In the traditional lithium battery sector, the company offers fully automated laser blue film removal, laser baking, and roller cleaning solutions, which have achieved mass production and delivery [1] - Delong Laser's core competitive advantages lie in its laser technology, laser processing technology, and high-precision motion systems [1] Group 2 - Delong Laser is currently constructing a high-end equipment manufacturing project for new energy in the Jiangyin High-tech Industrial Development Zone, with plans to commence production in 2026 [1] - Beyond its lithium battery business, the company is also focusing on the application of precision laser micro-processing in industries such as semiconductors, electronics, and new energy, with an emphasis on developing precision laser processing equipment and solutions [1]

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 - Delong Laser (688170) has experienced a decline in stock price and significant net outflow of funds, indicating potential challenges in its financial performance and market perception [1][3]. Financial Performance - As of the first quarter of 2025, Delong Laser reported total revenue of 99.1651 million yuan, a year-on-year decrease of 14.26% [1]. - The net profit attributable to shareholders was 16.4704 million yuan, down 126.76% year-on-year [1]. - The non-recurring net profit was 19.9177 million yuan, reflecting a decrease of 106.23% compared to the previous year [1]. - The company's liquidity ratios are as follows: current ratio at 2.557, quick ratio at 1.512, and debt-to-asset ratio at 31.66% [1]. Market Activity - On August 8, 2025, Delong Laser's stock closed at 38.0 yuan, down 1.91%, with a turnover rate of 4.06% [1]. - The trading volume was 41,900 hands, with a transaction amount of 160 million yuan [1]. - There was a net outflow of main funds amounting to 30.7313 million yuan, accounting for 19.22% of the transaction amount [1]. Company Background - Suzhou Delong Laser Co., Ltd. was established in 2005 and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [2]. - The company has a registered capital of 103.36 million yuan and has made investments in 11 enterprises [2]. - Delong Laser has participated in 293 bidding projects and holds 16 trademark registrations and 585 patents [2].