机构持仓方面，截止2025年6月30日，锐科激光十大流通股东中，南方中证1000ETF（512100）位居第 七大流通股东，持股313.02万股，相比上期增加60.30万股。香港中央结算有限公司位居第八大流通股 东，持股243.05万股，相比上期减少57.31万股。华夏中证1000ETF（159845）位居第十大流通股东，持 股184.31万股，为新进股东。 责任编辑：小浪快报 资料显示，武汉锐科光纤激光技术股份有限公司位于湖北省武汉市东湖新技术开发区未来科技城龙山南 街一号，成立日期2007年4月6日，上市日期2018年6月25日，公司主营业务涉及从事光纤激光器及其关 键器件与材料的研发、生产和销售。主营业务收入构成为：连续光纤激光器81.88%，脉冲光纤激光器 9.29%，其他4.46%，超快激光器2.47%，特种光纤1.90%。 锐科激光所属申万行业为：机械设备-自动化设备-激光设备。所属概念板块包括：商业航天（航天航 空）、湖北自贸区、航天军工、芯片概念、医疗美容等。 截至8月8日，锐科激光股东户数4.11万，较上期增加3.78%；人均流通股12707股，较上期减少3.64%。 2025年1月-6月， ...

丨证券研究报告丨 公司研究丨点评报告丨锐科激光（300747.SZ） [Table_Title] 锐科激光：主业迎经营拐点，新应用逐步开花结 果 报告要点 [Table_Summary] 公司披露 2025 年半年报，2025Q2 公司营收 9.49 亿元，同比+20.73%；归母净利润 0.56 亿 元，同比+73.79%；扣非归母净利润 0.30 亿元，同比+155.28%。Q2 业绩高增，同环比均改 善，反映公司主业迎来经营拐点。往后看，公司龙头格局基本稳固，制造业需求有望修复，新 应用逐步开花结果，公司有望持续受益于新兴应用+激光出海大趋势。看好公司夯实核心业务 优势，新应用持续开花结果，并通过战略业务、国际业务持续打开成长空间。 分析师及联系人 [Table_Author] 赵智勇 臧雄 杨文建 SAC：S0490517110001 SAC：S0490518070005 SAC：S0490525070003 SFC：BRP550 SFC：BVO790 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 锐科激光（300747.SZ） cjzqdt11111 ...

内容概要：激光打标设备作为激光产业的重要应用领域之一，已有数十年的发展历史。目前，我国大多 数激光打标设备企业已掌握了激光打标技术，并在全球市场上占据了一席之地。同时，随着消费电子、 汽车等行业的发展，中国激光达标设备需求量不断上涨。在此背景下，中国激光打标设备出货量呈现上 升趋势，2019年中国激光打标设备出货量达到29万台，到了2024年中国激光打标设备行业出货量增长至 70万台，年复合增长率为19.3%。未来，随着新能源、新材料等新兴领域的发展，激光打标设备的应用 领域将进一步拓展，行业出货量有望持续上涨。 相关上市企业：大族激光（002008）、华工科技（000988）、锐科激光（300747）、联赢激光 （688518）、海目星（688559）、杰普特（688025）、德龙激光（688170）、福晶科技（002222）、英 诺激光（301021）等。 相关企业：深圳市大鹏激光科技有限公司、深圳市铭镭激光设备有限公司、广东通发激光科技股份有限 公司、深圳市玛吉克激光科技有限公司、沈阳飞捷激光科技有限公司、深圳市博特精密设备科技有限公 司、深圳市美可创激光设备有限公司等。 关键词：激光打标设备行业产业链 ...

证券日报网讯锐科激光（300747）9月5日在互动平台回答投资者提问时表示，公司具体业务规划情况请 以公司发布的定期报告为准。 ...

证券日报网讯锐科激光（300747）9月5日在互动平台回答投资者提问时表示，股价波动受多种因素综合 影响，目前公司经营生产正常，从行业整体趋势看，三季度为行业传统淡季，对此公司按照"淡季不 淡，旺季更旺"的经营导向，通过订单储备、产能调配与市场攻坚，提升市场份额，为全年任务目标的 高质量完成筑牢坚实基础。 ...

格隆汇9月5日丨锐科激光(300747.SZ)在投资者互动平台表示，商务部对美国进口光纤采取反规避措 施，对公司业务并无影响。公司全资子公司睿芯公司主要负责特种光纤的研发，生产和制造，已满足公 司激光器对特种光纤的需要，同时睿芯公司业务还包括光通信、激光医疗、光纤传感等业务。 ...

Group 1 - The core point of the news is that Ruike Laser's stock price dropped by 5.13% to 29.75 CNY per share, with a trading volume of 548 million CNY and a turnover rate of 3.35%, resulting in a total market capitalization of 16.803 billion CNY [1] - Ruike Laser, established on April 6, 2007, and listed on June 25, 2018, is based in Wuhan, Hubei Province, and specializes in the research, production, and sales of fiber laser technology and its key components [1] - The company's main business revenue composition includes continuous fiber lasers (81.88%), pulsed fiber lasers (9.29%), others (4.46%), ultrafast lasers (2.47%), and specialty fibers (1.90%) [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Ruike Laser, having increased its holdings by 603,000 shares in the second quarter, totaling 3.1302 million shares, which represents 0.6% of the circulating shares [2] - The estimated floating loss for the Southern CSI 1000 ETF today is approximately 5.0396 million CNY [2] - The Southern CSI 1000 ETF was established on September 29, 2016, with a latest scale of 64.953 billion CNY, and has achieved a year-to-date return of 24.03% [2]

Core Viewpoint - Ruike Laser stated on September 2 that for significant matters, investors should refer to the announcements disclosed by the company [2] Group 1 - The company responded to investor inquiries on an interactive platform [2] - The company emphasized the importance of official announcements for major issues [2]

Core Viewpoint - The laser industry is showing a stable and positive trend in H1 2025, with the company experiencing simultaneous growth in revenue and shipment volume. Q2 revenue increased by 20.73% year-on-year and 32.67% quarter-on-quarter, indicating a performance turning point. Additionally, overseas revenue grew nearly 40% year-on-year, reflecting the company's ongoing international strategy and market expansion in various sectors such as consumer, medical, and security lasers [1][3]. Financial Performance - In H1 2025, the company achieved operating revenue of 1.664 billion yuan, a year-on-year increase of 4.85%. However, net profit attributable to shareholders decreased by 23.78% to 73 million yuan, while the net profit excluding non-recurring items fell by 38.84% to 32 million yuan [2]. - In Q2 2025, the company reported operating revenue of 949 million yuan, a year-on-year increase of 20.73%. Net profit attributable to shareholders rose significantly by 73.79% to 56 million yuan, and net profit excluding non-recurring items surged by 155.28% to 30 million yuan [2][4]. Profitability and Cost Management - The company's gross margin remained relatively stable at 19.00% in H1 2025, down 4.67 percentage points year-on-year. The gross margin for core products, continuous fiber lasers, was 17.20%, also down 4.75 percentage points year-on-year. Adjusting for accounting changes, the gross margin could be around 24%-25%, with expectations for improvement as cost optimization and rebate adjustments take effect [4]. - The company maintained good control over operating expenses, with a total expense ratio of 14.59% in H1 2025, a slight decrease of 0.28 percentage points year-on-year. The breakdown of expenses includes sales at 2.00%, management at 2.87%, R&D at 10.25%, and financial expenses at -0.54% [4]. Market Expansion and New Opportunities - The company is making significant strides in various niche markets, including consumer, medical, and security lasers. In the consumer sector, laser sales exceeded 10,000 units in H1 2025, driven by a strategic focus on miniaturization and smart consumer products [5]. - In the medical field, the company launched a specialized thulium laser targeting urology, achieving import substitution and laying a solid foundation for market promotion [5]. - In the security sector, the company is advancing key technologies for laser security, with a subsidiary reporting over 420% year-on-year revenue growth in H1 2025 [5].

Market Overview - The automation equipment sector experienced a decline of 0.9% on September 2, with Sytack leading the drop [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Notable gainers in the automation equipment sector included: - Kaidi Co., Ltd. (605288) with a closing price of 95.48, up 10.00% and a trading volume of 52,100 shares [1] - Bojie Co., Ltd. (002975) also rose by 10.00% to close at 58.08 with a trading volume of 20,100 shares [1] - Efort Intelligent Equipment Co., Ltd. (688165) increased by 8.93% to 27.93 with a trading volume of 527,900 shares [1] - Conversely, Sytack (301568) saw a significant decline of 8.27%, closing at 48.39 with a trading volume of 103,700 shares [2] - Other notable decliners included: - Jiejin Technology (688025) down 7.97% to 134.83 [2] - Zhihua Laser (300747) down 7.41% to 31.36 [2] Capital Flow - The automation equipment sector saw a net outflow of 1.957 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.172 billion yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with retail investors showing interest despite institutional selling [2] Individual Stock Capital Flow - Key stocks with significant capital flow include: - TuoSiDa (300607) with a net inflow of 164 million yuan from institutional investors [3] - Green Harmonic (688017) had a net inflow of 119 million yuan [3] - Efort (688165) experienced a net inflow of 82 million yuan [3] - In contrast, Sytack (301568) faced a net outflow of 540 million yuan from institutional investors [3]