二、董事会会议审议情况 会议审议通过了如下议案： 1．以 9 票赞成，0 票反对，0 票弃权，审议通过了《关于回购注销公司首 期股权激励剩余全部限制性股票的议案》。 鉴于公司内外部经营环境与制定激励计划时相比发生了较大变化，2023 年、 2024 年度经营业绩未达到公司首期股权激励计划解除限售期的业绩考核目标， 263 名激励对象因公司层面业绩考核不达标而不符合《公司首期股权激励计划》 第二个和第三个解除限售期的解除限售条件，34 名激励对象因个人原因主动离 职不再具备激励对象资格。对上述已获授但尚未解除限售的 3,202,491 股限制性 股 票 进 行 回 购 注 销 。 资 金 来 源 为 自 有 资 金 ， 本 次 回 购 金 额 合 计 为 80,650,892.8458 元人民币。 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于 回购注销公司首期股权激励剩余全部限制性股票的公告》。 第四届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 武汉锐科光纤激光技术股份 ...

证券代码：300747 证券简称：锐科激光 公告编号：2025-039 武汉锐科光纤激光技术股份有限公司 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于 回购注销公司首期股权激励剩余全部限制性股票的公告》。 本议案尚需提交 2025 年第三次临时股东大会审议。 三、备查文件 第四届监事会第九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 武汉锐科光纤激光技术股份有限公司（以下简称"锐科激光"或"公司"） 根据《公司章程》及《监事会议事规则》的规定，公司第四届监事会第九次会议 召开经全体监事一致同意，临时发出监事会会议通知，并于 2025 年 7 月 22 日 9:30 以通讯会议的形式召开，会议由公司监事会主席刘华兵先生召集并主持。 本次会议应参加监事 5 人，实际参加监事 5 人。会议的召集、召开与表决程序符 合《中华人民共和国公司法》和《公司章程》及相关法律法规的规定，所作决议 合法有效。 二、监事会会议审议情况 会议审议通过了如下议案： 1、以 5 票赞成，0 票反对，0 票弃权 ...

Investment Rating - The report indicates a positive investment outlook for the consumer-grade 3D printing industry, highlighting significant growth potential driven by various demand factors and technological advancements [3][79]. Core Insights - The consumer-grade 3D printing market is expected to reach USD 7.1 billion by 2028, with a compound annual growth rate (CAGR) of 19.2% from 2022 to 2028 [3][83]. - Key demand drivers include the rise of the maker movement in Europe and the U.S., the DIY culture, and the increasing consumer interest in personalized products [3][39]. - The supply side is characterized by technological advancements, a diverse material spectrum, and the establishment of community ecosystems that enhance customer engagement [3][91]. Summary by Sections 1. Market Overview - The consumer-grade 3D printing market is primarily designed for individual users and small businesses, offering ease of use and lower costs compared to industrial-grade printers [3][10]. - The market is witnessing rapid growth, with significant contributions from the U.S. and European markets, driven by high consumer spending power and interest in technology [3][47]. 2. Demand Drivers - The report identifies four main demand drivers: 1. The "garage innovation" culture in the U.S. and Europe, which promotes the adoption of desktop devices [3][39]. 2. The DIY trend among consumers, allowing for personalized product creation [3][40]. 3. The tool-like attributes of 3D printers for small businesses and educational institutions [3][59]. 4. The influence of trendy collectible products that enhance consumer interest [3][70]. 3. Supply Trends - The supply side is evolving with advancements in technology, including multi-functional devices and AI integration, which lower operational barriers for users [3][91]. - The materials used in 3D printing are becoming more diverse, allowing for a wider range of applications [3][106]. - Community ecosystems are being built to retain customer loyalty and encourage new entrants through crowdfunding opportunities [3][110]. 4. Key Players - Core companies identified in the report include: 1. Key components: Jieput, Ruike Laser, and Jinchengzi [3]. 2. 3D scanning accessories: Sikan Technology and Orbbec [3]. 3. Materials: Haizheng Materials, Huitong Technology, and Jialian Technology [3]. 4. Complete machines: Anker Innovation and others [3][28]. 5. Market Statistics - In 2024, China's 3D printer exports are projected to reach USD 1.147 billion, with a year-on-year growth of 31.09% [3][80]. - The report notes that over 90% of entry-level 3D printers globally are supplied by Chinese manufacturers, indicating a strong competitive position in the market [3][88].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][9]. Core Viewpoints - Ruike Laser is a leading manufacturer of fiber lasers in China, focusing on the research, production, and sales of high-power fiber lasers and their core components. The company's products are widely used across various industries, including laser marking, cutting, welding, and medical applications [1][14]. - The company emphasizes R&D investment, with a 2024 R&D expenditure of 35.48 million yuan, representing a year-on-year increase of 4.97%, accounting for 11.10% of its revenue [2][29]. - The traditional market for mid-to-low power applications is becoming saturated, leading to price competition and a decline in revenue and profit for 2024. However, the report highlights growth potential in high-power and ultrafast laser markets, particularly in sectors like new energy vehicles and aerospace [3][32]. - The report forecasts revenue for 2025-2027 to be 3.532 billion, 4.040 billion, and 4.559 billion yuan, respectively, with net profits of 233 million, 306 million, and 380 million yuan, indicating a recovery trend [4][35]. Summary by Sections Company Overview - Ruike Laser specializes in high-power fiber lasers and offers a diverse product matrix, including continuous, pulsed, and ultrafast lasers, serving various industries such as automotive, aerospace, and medical [1][14][18]. R&D and Technological Advancements - The company has launched 13 new products in 2024, including a 200kW ultra-high power fiber laser, which has achieved several global firsts [2][29]. The focus on high-end manufacturing and precision processing is evident in its R&D strategy [29][31]. Market Dynamics - The report notes that while the traditional low-to-mid power market faces challenges, there is significant room for growth in high-power applications, particularly in defense and emerging technologies like anti-drone systems [3][33][32]. Financial Projections - The financial outlook includes projected revenues and net profits for 2025-2027, with corresponding EPS and PE ratios indicating a positive growth trajectory [4][35]. The company is expected to recover from the current downturn in 2024, with a forecasted revenue increase of 10.48% in 2025 [5][35].

证券代码：300747 证券简称：锐科激光 公告编号：2025-036 武汉锐科光纤激光技术股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东大会审议通过利润分配方案情况 1、2025 年 5 月 19 日，武汉锐科光纤激光技术股份有限公司（以下简称"公 司"或者"本公司"）2024 年年度股东大会审议通过了《关于公司 2024 年度利 润分配预案的议案》，具体内容如下：公司以 564,821,828 股为基数，每 10 股 派发现金股利 0.18 元（含税），合计派发现金股利 10,166,792.90 元，不实施 公积金转股本及派发股票股利等其他措施。若在利润分配方案实施前股本总数发 生变动的，则以未来实施分配方案的股权登记日的总股本为基数，按照分配比例 不变的原则对分配总额进行调整。 2、自上述利润分配方案披露至实施期间，公司回购注销了限制性股票 19,337 股，公司总股本由 564,821,828 股变更为 564,802,491 股。具体内容详 见公司 2025 年 6 月 20 日刊登于巨潮资 ...

Core Viewpoint - The company, Ruike Laser (300747), has announced a repurchase and cancellation of restricted stocks involving one individual, totaling 19,337 shares, which represents 0.0034% of the company's total share capital before the repurchase [1] Summary by Relevant Sections - **Repurchase Details** - The repurchase price was set at 25.23 yuan per share, leading to a total repurchase amount of 487,900 yuan, plus interest from the People's Bank of China for the same period, bringing the total to 535,500 yuan [1] - **Impact on Share Capital** - After the completion of the repurchase and cancellation, the company's total share capital remains unchanged at 565 million shares [1] - **Completion of Procedures** - The cancellation of the restricted stocks was completed on June 20, 2025, at the Shenzhen branch of the China Securities Depository and Clearing Corporation [1]

证券代码：300747 证券简称：锐科激光 公告编号：2025-035 武汉锐科光纤激光技术股份有限公司 关于部分限制性股票回购注销完成的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次回购注销限制性股票涉及人数为1人，回购注销的限制性股票数量合 计为19,337股，占回购前武汉锐科光纤激光技术股份有限公司（以下简称"锐科 激光"、"公司"）总股本的0.0034%，回购价格为25.2338元/股，回购总金额 为487,945.9906元人民币加上中国人民银行同期定期存款利息之和，共计 535,480.61元人民币。 2、本次回购注销完成后，公司总股本由564,821,828股变更为564,802,491 股。 3、本次回购注销部分限制性股票已于2025年6月20日在中国证券登记结算 有限责任公司深圳分公司办理完成回购注销手续。 一、公司首期股权激励计划的决策程序和批准情况 1、2020 年 12 月 30 日，公司召开第二届董事会第二十七次会议和第二届监 事会第二十一次会议，审议通过了《关于<武汉锐科光纤激光技术股份有限公司 长期股权 ...

Group 1: Company Performance and Financial Outlook - The company experienced a decline in revenue and net profit in Q1 2025 due to insufficient safety stock and delayed order deliveries after the Spring Festival [2] - The company expects to maintain a full capacity and has a healthy order backlog for the upcoming quarters [2] - Future performance details will be disclosed in the company's regular reports [2][7] Group 2: Product Development and Market Strategy - The company is focusing on high-end manufacturing sectors such as medical, semiconductor, new energy, 3C products, laser detection, and aerospace [3][5] - The strategic direction includes providing innovative and adaptable laser technology solutions, with an emphasis on comprehensive product development [6] - The company aims to enhance its R&D capabilities and accelerate technological innovation, particularly in 3D printing, medical, and automotive sectors [6] Group 3: Corporate Governance and Market Management - The management is committed to effective market value management and will undertake capital operation projects as needed [4][7] - The company has established a complete R&D system and maintains control over core technologies, ensuring vertical integration in its operations [7] - The management emphasizes the importance of responding to national strategic needs and contributing to the advancement of laser technology in high-end equipment and green manufacturing [6][7]

Core Insights - The ultrafast laser market in China is experiencing rapid growth, with the market size increasing from 2.26 billion yuan in 2018 to 4.02 billion yuan in 2023, representing a compound annual growth rate (CAGR) of 12.21% [1][14] - The market is projected to exceed 4.55 billion yuan in 2024, with a year-on-year growth of 13.18% [1][14] - The demand for ultrafast lasers is driven by the need for high-efficiency and precision processing across various industries, supported by national policies favoring high-end manufacturing [1][14] Industry Overview - Ultrafast lasers, including picosecond and femtosecond lasers, are characterized by extremely short pulse durations, high peak power, and precise energy focusing [1][3] - The technology is based on mode-locking techniques, which ensure short pulse widths, making ultrafast lasers suitable for advanced manufacturing applications [3][5] Industry Development History - The development of ultrafast lasers in China has progressed through four stages, starting from the first ruby laser developed in 1960 to the significant advancements in picosecond and femtosecond laser technologies in the 2000s [5] - The industry saw a substantial increase in shipments, with 2,300 units sold in 2020, nearly doubling from previous years [5] Industry Chain - The ultrafast laser industry chain includes upstream components such as optical and electronic components, with a trend towards domestic production of core parts [7][26] - The downstream applications are diverse, covering sectors like medical aesthetics, aerospace, precision machinery, energy, and consumer electronics [7] Market Trends - The ultrafast laser technology is evolving towards higher power, narrower pulse widths, and shorter wavelengths, enhancing processing speed and quality [23] - The demand for ultrafast lasers is expanding in precision manufacturing, consumer electronics, and renewable energy sectors, with increasing penetration rates [24] Key Companies - Notable companies in the ultrafast laser market include Inno Laser, Han's Laser, Delong Laser, and Raycus Laser, which are positioned in the second tier of the global market [17][19][21] - Inno Laser is recognized for its advanced capabilities in various laser technologies and is projected to achieve a revenue of 301 million yuan in 2024, reflecting a growth of 27% [19] - Han's Laser, a leading provider of intelligent manufacturing equipment, is expected to generate 14.771 billion yuan in revenue in 2024, with a growth of 4.83% [21]

Core Insights - Solid-state lasers are a significant type of laser that utilize solid materials as the working medium, characterized by small size, convenience, and high output power, widely used in industrial, medical, and scientific research fields [1][16] - The Chinese solid-state laser market is projected to reach approximately 23.28 billion yuan by 2024, driven by strong demand in industrial manufacturing, healthcare, and scientific research [1][16] - The development of solid-state lasers is supported by national policies aimed at promoting high-tech industries, with various initiatives enhancing the industry's growth [1][16] Industry Overview - Solid-state lasers are defined as lasers that use solid laser materials as the working medium, with characteristics such as compact size and high output power, typically exceeding 100 watts in continuous power [4] - The industry has evolved from early low-power applications to high-energy output capabilities, with a focus on intelligent and integrated development [9] Market Dynamics - The Chinese laser market is expected to grow from 70.2 billion yuan in 2019 to 145.5 billion yuan in 2024, with a compound annual growth rate of 15.69% [15] - Solid-state lasers are part of a competitive landscape, with leading companies like Raycus Laser and JPT driving innovation and market leadership [19] Application Areas - Solid-state lasers are extensively used in industrial applications such as cutting, welding, and marking, as well as in medical procedures and scientific research [11][15] - Emerging applications in renewable energy, medical treatments, and defense sectors are expected to further expand the market [25] Industry Trends - The industry is witnessing a shift towards localized production of key materials and components, reducing reliance on imports and enhancing competitiveness [26] - There is a growing emphasis on green manufacturing and sustainability, with solid-state lasers being favored for their efficiency and lower environmental impact [28] - Technological advancements are driving the development of high-power and high-precision solid-state lasers, with increased R&D investments to overcome key technical challenges [29]