转自：中国质量报 本报讯 （杨基勤）近日，湖北省武汉锐科光纤激光技术股份有限公司（以下简称"锐科激光"）将印 有"计量基石，支撑有力""技术先锋，服务优质"字样的两面锦旗送到湖北省计量测试技术研究院（以下 简称"湖北省计量院"），对该院帮助解决高功率激光器功率测量误差问题表示感谢。 对于制造高功率激光器的企业来说，功率数值是产品最核心的性能基础参数之一。从汽车制造的精密切 割到航空航天的高端加工，客户会先以功率为基础筛选适配设备，再结合其他关键指标，综合判断产品 是否符合实际需求。但长期以来，高功率激光器功率测量行业存在痛点，单家机构测试有3%的合理浮 动，不同机构的数据差异累积可能达到6%。这个看似细小的误差，却成了制约行业发展的共性难 题。"这可不是小问题，这一点的误差就可能影响客户信任度，关乎企业口碑。"锐科激光相关负责人 说。 为了解决这一问题，锐科激光向武汉市东湖高新区市场监管局反映了需求。让企业没想到的是，诉求刚 提出，该局就立刻行动，像"红娘"一样精准牵线，把难题对接给了全国光辐射安全和激光设备标准化技 术委员会大功率激光器应用分技术委员会，并协调业内顶尖技术资源。 该标委会成员湖北省计量院得知 ...

Core Viewpoint - The stock price of Ruike Laser has shown significant fluctuations, with a year-to-date increase of 29.45% and a recent decline of 3.02% over the last five trading days, indicating volatility in investor sentiment and market conditions [2]. Group 1: Stock Performance - As of January 19, Ruike Laser's stock price reached 34.99 CNY per share, with a trading volume of 7.21 billion CNY and a turnover rate of 4.04%, resulting in a total market capitalization of 196.50 billion CNY [1]. - The stock has experienced a 35.57% increase over the past 20 days and a 38.57% increase over the past 60 days, reflecting strong performance in the medium term [2]. Group 2: Financial Performance - For the period from January to September 2025, Ruike Laser reported a revenue of 2.506 billion CNY, representing a year-on-year growth of 6.67%, while the net profit attributable to shareholders was 123 million CNY, up by 2.49% [2]. - The company has distributed a total of 272 million CNY in dividends since its A-share listing, with 153 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for Ruike Laser increased to 46,900, marking a 5.53% rise from the previous period, with an average of 11,122 shares held per shareholder, down by 5.24% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 21.068 million shares, an increase of 18.638 million shares from the previous period [3].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

Core Viewpoint - The statement from Ruike Laser highlights the significant challenges faced by the global manufacturing industry due to rising costs of key raw materials, while the company commits to maintaining stable product prices despite these pressures [1] Industry Summary - The manufacturing sector is experiencing a substantial increase in the costs of essential raw materials, with copper prices rising by 35%, aluminum by 22%, and gold by 65% since the beginning of 2025 [1] - Many companies are responding to these cost pressures by announcing price increases for their products ranging from 2% to 20% [1] Company Summary - Ruike Laser, as a state-owned enterprise, is actively responding to the central economic work conference's spirit by promoting "full cash wire transfer payments" for small and medium-sized enterprise suppliers [1] - Despite the ongoing cost pressures, Ruike Laser has decided to keep the prices of all its products stable for the time being, demonstrating a commitment to fostering a healthy ecosystem in the laser industry [1]

Core Viewpoint - The company is actively expanding its product market in various cutting-edge fields, including autonomous driving and medical applications, through self-developed laser technology [2] Group 1: Product Development - The company has developed a self-researched pulsed fiber laser specifically for lidar applications, operating at wavelengths of 1550/1535nm [2] - The laser technology is applicable in multiple sectors such as autonomous driving, remote sensing, drone navigation, satellite terrain mapping, industrial inspection, and security monitoring [2] Group 2: Market Expansion - The company is pursuing market expansion through diversified channels [2] - It is also focusing on the medical laser field, providing various fiber laser products and supporting application solutions to downstream medical equipment manufacturers [2] Group 3: Clinical Focus - The company is concentrating on two main clinical directions: urological laser lithotripsy and the removal of benign prostatic hyperplasia [2]

Group 1 - The core viewpoint of the article highlights that Ruike Laser's ultraviolet nanosecond laser has superior characteristics such as short wavelength, short pulse, high beam quality, and high peak power, making it excellent for precision processing of PCB boards [2] - The laser PCB technology is identified as a significant direction for the upgrade of the PCB industry due to its advantages of high precision, low damage, and compatibility with new materials, indicating a broad future market potential [2]

Core Viewpoint - The company is actively expanding its product market through diversified channels, focusing on advanced fields such as autonomous driving, remote sensing, drone navigation, satellite terrain mapping, industrial inspection, and security monitoring [1] Group 1: Product Development - The company has developed a self-researched pulsed fiber laser specifically for lidar applications, operating at wavelengths of 1550/1535nm [1] - The company is also actively expanding into the laser medical field, providing various fiber laser products and supporting application solutions for downstream medical equipment manufacturers [1] Group 2: Clinical Focus - The company is currently concentrating on two main clinical directions: laser lithotripsy for urology and the resection of benign prostatic hyperplasia [1]

Core Viewpoint - Ruike Laser is leveraging domestic laser technology to contribute to the aerospace sector, collaborating with Kuaizhou Rocket to apply domestic laser manufacturing technology in space applications, aiming to enhance China's space economy and secure a leading position in the space industry [1] Group 1 - Ruike Laser has been empowering the aerospace dream with domestic laser technology [1] - The company is collaborating with Kuaizhou Rocket to implement domestic laser manufacturing technology in the aerospace field [1] - Future plans include partnerships with aerospace research institutions and commercial space enterprises to develop advanced space laser manufacturing solutions [1]

Investment Rating - The report maintains a positive investment rating for the 3D printing industry, highlighting its growth potential and opportunities in various sectors [1]. Core Insights - The 3D printing industry, also known as additive manufacturing, is experiencing rapid growth, with a market size of 367 billion yuan in China for 2023 and an average growth rate of approximately 25% from 2019 to 2023 [2][61]. - Key applications of 3D printing include aerospace (16.8%), medical/dental (15.6%), automotive (14.6%), consumer electronics (11.8%), and academic research (11.1%) [2][34]. - The technology offers significant advantages over traditional manufacturing methods, particularly in cost control for small batch production, personalized production, and material utilization [1][12]. Summary by Sections 1. 3D Printing vs. Traditional Manufacturing - 3D printing has clear advantages in cost control for small batches, personalized production, and material efficiency compared to traditional methods, which excel in material variety and precision [1][12]. - The main technologies in China include SLS/SLM (32%) and FDM (15%) [25]. 2. Core Components of 3D Printing - Key components include lasers and scanning systems, with lasers being the primary heat source for metal 3D printing [41][42]. - The software aspect is crucial, with major CAD software providers including Dassault Systems, Siemens, and Autodesk [57]. 3. Market Growth and Trends - The 3D printing market is expected to continue its growth trajectory, with significant adoption in aerospace, consumer electronics, and other sectors [2][61]. - The U.S., China, Japan, and Germany are identified as the core markets for 3D printing applications, with the U.S. accounting for approximately 33% of global equipment applications [2][61]. 4. Commercial Aerospace Opportunities - The commercial aerospace sector is poised for significant growth, with 3D printing being well-suited for manufacturing complex and lightweight components [2][61]. - Notable products include rocket engine components and satellite parts, indicating a broad application range [2]. 5. Key Companies in the Industry - Notable companies in the 3D printing sector include Platinum Technology, Huazhu High-Tech, Dazhu Laser, and others, which are making strides in technology and market presence [2][5].

Core Viewpoint - Ruike Laser (300747) is positioned as a midstream player in the laser manufacturing industry, providing various fiber laser products and application solutions to equipment integrators, with downstream clients applying these integrated laser devices across multiple sectors, including aerospace [1] Group 1 - The company specializes in manufacturing laser products and solutions [1] - The company does not have detailed information on the specific applications of its products in particular rocket models [1]