拉普拉斯所属申万行业为：电力设备-光伏设备-光伏加工设备。所属概念板块包括：中盘、次新股、专 精特新、光伏玻璃、钙钛矿电池等。 截至9月30日，拉普拉斯股东户数8774.00，较上期减少8.38%；人均流通股4138股，较上期增加9.14%。 2025年1月-9月，拉普拉斯实现营业收入43.21亿元，同比增长0.43%；归母净利润5.88亿元，同比增长 2.07%。 分红方面，拉普拉斯A股上市后累计派现1.50亿元。 责任编辑：小浪快报 11月3日，拉普拉斯盘中上涨2.22%，截至14:07，报47.43元/股，成交7099.46万元，换手率3.37%，总市 值192.25亿元。 资金流向方面，主力资金净流出153.75万元，特大单买入0.00元，占比0.00%，卖出273.59万元，占比 3.85%；大单买入1279.11万元，占比18.02%，卖出1159.27万元，占比16.33%。 拉普拉斯今年以来股价涨6.27%，近5个交易日涨6.51%，近20日涨2.00%，近60日涨1.11%。 资料显示，拉普拉斯新能源科技股份有限公司位于广东省深圳市坪山区坑梓街道砾田路2号开沃大厦A 栋20层，成立日期201 ...

Core Viewpoint - Laplace, a leading provider of high-efficiency photovoltaic cell core process equipment and solutions, is set to be listed on the Shanghai Stock Exchange on October 29, 2024, with a focus on R&D, production, and sales of high-performance equipment for photovoltaic cell manufacturing [1]. Group 1: Business Performance - In Q3 2025, Laplace achieved a revenue of 4.321 billion yuan, ranking 6th in the industry, surpassing the industry average of 4.294 billion yuan and the median of 3.376 billion yuan, but below the top competitors [1]. - The revenue composition includes 2.807 billion yuan from photovoltaic equipment (91.69%), 250 million yuan from supporting products and services (8.17%), and 1.3878 million yuan from semiconductor equipment (0.05%) [1]. - The net profit for the same period was 589 million yuan, ranking 4th in the industry, above the industry average of 521 million yuan and the median of 328 million yuan [1]. Group 2: Financial Ratios - As of Q3 2025, Laplace's debt-to-asset ratio was 60.17%, down from 72.53% year-on-year but still above the industry average of 53.27% [2]. - The gross profit margin for Q3 2025 was 31.24%, an increase from 30.64% year-on-year and higher than the industry average of 29.12% [2]. Group 3: Management and Shareholder Information - The chairman, Lin Jiajie, received a salary of 2.82 million yuan, an increase of 1.0195 million yuan year-on-year [3]. - As of September 30, 2025, the number of A-share shareholders decreased by 8.38% to 8,774, while the average number of circulating A-shares held per shareholder increased by 9.14% to 4,138.53 [3]. Group 4: Future Outlook and Ratings - The company is expected to maintain growth, with projected earnings of 763 million yuan, 784 million yuan, and 854 million yuan for 2025 to 2027, corresponding to EPS of 1.88, 1.93, and 2.11 yuan [3]. - The company received an upgrade in EPS estimates for 2025 and 2026, with new figures of 1.96 and 2.22 yuan, reflecting increases of 13.29% and 24.02% respectively [4]. - The company is benefiting from new technology upgrades and is expected to see significant growth in TOPcon equipment performance in 2024 and Q1 2025 [4].

Core Insights - Laplace's stock increased by 4.27% on October 29, with a trading volume of 172 million yuan [1] - The company reported a net financing purchase of 12.59 million yuan on the same day, with a total financing balance of 149 million yuan, representing 7.13% of its market capitalization [1] - For the first nine months of 2025, Laplace achieved a revenue of 4.321 billion yuan, a year-on-year increase of 0.43%, and a net profit of 588 million yuan, up 2.07% [2] Financing and Trading Activity - On October 29, Laplace had a financing buy amount of 23.92 million yuan and a financing repayment of 11.34 million yuan [1] - The company had no short selling activity on the same day, with a short selling balance of 0 yuan [1] Company Overview - Laplace New Energy Technology Co., Ltd. was established on May 9, 2016, and is located in Shenzhen, Guangdong Province [1] - The company specializes in the research, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing [1] - The revenue composition includes 91.69% from photovoltaic equipment, 8.17% from supporting products and services, and 0.05% from semiconductor equipment [1] Shareholder Information - As of September 30, Laplace had 8,774 shareholders, a decrease of 8.38% from the previous period [2] - The average number of circulating shares per shareholder increased by 9.14% to 4,138 shares [2] Dividend Information - Since its A-share listing, Laplace has distributed a total of 150 million yuan in dividends [2]

Core Viewpoint - Laplace (688726) reported a slight increase in net profit and revenue for the first three quarters of 2025, indicating stable financial performance despite a challenging market environment [1] Financial Performance - For the first three quarters of 2025, Laplace achieved a net profit attributable to shareholders of approximately 588 million yuan, representing a year-on-year growth of 2.07% [1] - The company's operating revenue for the same period was approximately 4.321 billion yuan, reflecting a year-on-year increase of 0.43% [1]

Core Insights - Laplace (688726.SH) reported its Q3 2025 results on October 30, 2025, highlighting significant institutional investor interest with a total of 159 million shares held, representing 39.17% of the company's total equity [1] Institutional Holdings - As of October 29, 2025, nine institutional investors disclosed their holdings in Laplace, with a combined shareholding of 159 million shares, which is an increase of 0.03 percentage points compared to the previous quarter [1] - Notable institutional investors include Dalian Liancheng CNC Machine Co., Ltd., Anshi New Energy Materials (Shanghai) Co., Ltd., and several private equity and fund management partnerships [1] Public Fund Participation - The report indicates that there were 185 public funds that did not disclose their holdings in the current quarter, with notable funds including Changxin Quality Enterprise Mixed A, Penghua Sci-Tech Innovation Board New Energy ETF, and others [1]

Group 1 - The company reported a total operating revenue of 4.321 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 0.43% [1] - The net profit attributable to shareholders of the parent company reached 588 million yuan, showing a year-on-year increase of 2.07% [1] - The basic earnings per share were reported at 1.4507 yuan [1]

10月29日晚，N型光伏电池设备龙头拉普拉斯（688726.SH）发布2025年三季度报告。凭借在N型高效光 伏电池片设备领域的技术积累与前瞻布局，前三季度拉普拉斯累计实现营业收入43.21亿元，同比增长 0.43%，利润总额6.76亿元，同比增长4.77%，展现较强经营韧性。 报告期内，公司依托在N型高效光伏电池片设备领域的技术积累与前瞻布局，在光伏产业持续性的结构 化调整中保持稳定发展，显示了公司产品的竞争力。 "反内卷"政策落地，助推光伏产业结构合理化调整 今年三季度，为了缓解光伏产业产能过剩难题，促进行业发展，多部"反内卷"政策连续出台，从供需两 侧同步推进产业结构合理化调整。 从供给端来看，9月4日，工信部、市监局联合印发《电子信息制造业2025—2026年稳增长行动方案》， 明确提出要破除"内卷式"竞争，依法治理光伏等产品低价竞争，实现光伏等领域高质量发展。9月16 日，国家标准委发布《硅多晶和锗单位产品能源消耗限额》征求意见稿，硅料能耗要求显著缩紧，其中 三级能耗标准6.4kgce/kg，而2024年行业平均电耗为6.69kgce/kg，这意味着大量落后产能将被强制淘 汰。叠加下半年进入枯水期， ...

Group 1 - The company Laplace announced the nomination of candidates for its second board of directors, including Lin Jiajie, Liu Qun, Lin Yiting, and Pang Aisuo as non-independent directors [1] - The major shareholder, Dalian Liancheng Numerical Control Machine Co., Ltd., nominated Wang Xuewei as a non-independent director candidate [1] - The board also nominated Wang Dali, Li Shi, and Zhang Han as independent director candidates, with Li Shi being a professional accountant [1]

Group 1 - Laplace announced a credit impairment loss and asset impairment loss totaling 92.73 million yuan for Q3 2025, which will reduce the company's pre-tax profit by the same amount [1][1][1] - As of the report, Laplace's market capitalization stands at 18.6 billion yuan [1][1][1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation [1][1][1] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [1][1][1]

Core Viewpoint - Laplace, a leading provider of high-efficiency photovoltaic cell core process equipment and solutions, is set to be listed on the Shanghai Stock Exchange on October 29, 2024, with a focus on the research, production, and sales of high-performance equipment for photovoltaic cell manufacturing [1] Group 1: Business Performance - In Q3 2025, Laplace achieved a revenue of 4.321 billion yuan, ranking 6th in the industry, surpassing the industry average of 4.294 billion yuan but below the top competitors [2] - The revenue composition includes 2.807 billion yuan from photovoltaic equipment (91.69%), 250 million yuan from supporting products and services (8.17%), and 138,000 yuan from semiconductor equipment (0.05%) [2] - The net profit for the same period was 589 million yuan, ranking 4th in the industry, exceeding the industry average of 521 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Laplace's debt-to-asset ratio was 60.17%, down from 72.53% year-on-year but still above the industry average of 53.27% [3] - The gross profit margin for Q3 2025 was 31.24%, an increase from 30.64% year-on-year and higher than the industry average of 29.12% [3] Group 3: Management and Shareholder Information - The chairman and general manager, Lin Jiajie, received a salary of 2.82 million yuan in 2024, an increase of 1.0195 million yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 8.38%, while the average number of circulating A-shares held per account increased by 9.14% [5] Group 4: Analyst Ratings and Future Projections - Guojin Securities maintains a "buy" rating for Laplace, projecting profits of 763 million, 784 million, and 854 million yuan for 2025-2027, with corresponding EPS of 1.88, 1.93, and 2.11 yuan [5] - Guotai Haitong Securities raised the EPS estimates for 2025 and 2026 to 1.96 and 2.22 yuan, respectively, with a target price adjustment to 49 yuan while maintaining an "overweight" rating [6] - Key business highlights include growth in operating performance, a robust balance sheet, and advancements in technology enhancing product competitiveness [5][6]