2019 年 8 月 28 日、29 日武汉锐科光纤激光技术股份有 限公司 投资者关系活动记录表 编号：2019-007 | --- | --- | --- | |---------------|-------------------------|---------------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关系 | □媒体采访 □业绩说明会 | | | 活动类别 | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | | 2019 年 8 月 28 | 日、 29 日参会人员：国盛证券 彭元立、高盛基金 | | | | 沈含笑、中信证券 李越、花旗证券 Alex 、拾贝投资 陈俊、锐意 | | 参与单位名 | 资本 孙沛鑫、安信证券 | 郭威秀、安信资管 冷国强、九泰基金 方 | | 称及人员姓 名 | | 向、博时基金 李昂、博时基金 肖瑞谨、东兴证券 龙海敏、东北证 | | | | 券 张立、太平洋证券 曾博文 ...

2019 年 6 月 13 日武汉锐科光纤激光技术股份有限公司 投资者关系活动记录表 编号：2019-005 | --- | --- | --- | |------------|-------------------------|-------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | 投资者关系 | □ 媒体采访 □业绩说明会 | | | 活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | | 2019 年 6 月 13 | 日参会人员： Franklin Templeton Jason Zhu | | | | Tony Sun、Sumitomo Mitsui Wei Sun、Zeal Asset Matt | | 参与单位名 | | | | | | Iong、UBS Asset Management Rick Zhang、JP Morgan | | 称及人员姓 | | Asset Management Willy C ...

Group 1: Company Overview and Market Position - Wuhan Raycus Fiber Laser Technologies Co., Ltd. is focused on the fiber laser market, with a significant presence in both domestic and international markets [2][3]. - The company aims to achieve a revenue target of 3 billion CNY by 2020, with expectations of capturing 30% of the market share in the fiber laser sector, which is projected to be worth 60-70 billion CNY [6][7]. Group 2: Competitive Landscape - The price difference between Raycus and IPG in mid-power products is expected to stabilize around 20%, with Raycus focusing on cost reduction to maintain profit margins [3][4]. - IPG's price reductions are primarily in the mid-power segment, where domestic products have matured, leading to increased competition [4][5]. Group 3: Production Capacity and Utilization - The company's production capacity utilization exceeded 100% in 2017, with ongoing projects aimed at resolving bottlenecks to double capacity [6][7]. - The main constraint on production capacity is the pump source, which is essential for higher wattage products [6][7]. Group 4: Financial Performance and Projections - The company reported a significant increase in accounts receivable due to year-end payments from clients, while prepayments decreased significantly [10]. - The gross margin for technology development projects is around 10%, with higher margins for pulse products due to increased sales of high-margin products [10]. Group 5: Future Market Trends - The laser industry is expected to maintain high growth rates, driven by the ongoing transformation and upgrading of China's manufacturing sector [6][7]. - The company is focusing on high-power fiber lasers, which account for approximately 60% of cutting equipment costs, indicating a strong market potential for these products [7][8].

Group 1: Market Trends and Growth Projections - The laser industry experienced rapid explosive growth in 2017, but the growth rate has slightly slowed down in 2018 [5] - Fiber laser applications are primarily focused on cutting, but there is significant potential for expansion in welding markets due to the rise of industrial robots and new energy vehicles [6] - The company anticipates continued relatively rapid growth in fiber lasers, driven by decreasing prices and improved stability [6] Group 2: Competitive Strategy and Pricing - The company will not adopt aggressive pricing strategies; instead, it will focus on technological advancements and maintaining a leading position in the market [7] - The company aims to maintain stable gross margins, with limited room for further increases [12] Group 3: Impact of Trade Policies - The company’s main raw material suppliers are in Europe, and the proportion of imports from the U.S. is relatively low, thus trade tensions have not significantly impacted operations [8] Group 4: Production and Cost Structure - The cost structure of high-power fiber lasers shows that pump sources account for 60-70% of costs, which can be reduced to around 30% through in-house production [11] - The company has a high self-manufacturing ratio for core components and materials, with room for further increases [9] Group 5: Research and Development - The company has a strong technical foundation due to high-end talent and various national projects, which has resulted in relatively low R&D expenditures [10] - Future R&D spending is expected to increase as the company scales up [10] Group 6: Industry Barriers and Drivers - The main barriers to entry in the fiber laser industry include technological expertise and the complexity of high-power laser structures [15] - Industry drivers include macroeconomic factors, the rise of smart manufacturing, and the increasing penetration of laser applications in traditional processes [16]

1 证券代码：300747 证券简称：锐科激光 | --- | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------------|------------------------| | 编号：2018-002 | | 日期： | 7 月 6 日 | | 投资者关系活动 | 特定对象调研 | □分析师会议 | □媒体采访 | | 类别 | □业绩说明会 | □新闻发布会 | □路演活动 | | | □现场参观 | □其他 | | | 参与单位名称及 | 018 年 7 月 6 | 日，公司召开现场交流会，参与交流的机 | | | 人员姓名 | 构名单如下（排名不分先后）： | | | | | | 长城证券：刘峰、深圳民森投资：高志伟、平安证券：胡小禹、 | | | | | 国投瑞银基金：马柯、新时代证券：郭泰、华泰证券：关东奇 | | | | | 来、源乘投资：余跃芬、太平洋证券：曾博文、吴栋栋、长信 | | | | | 证券： ...

证券代码：300747 证券简称：锐科激光 武汉锐科光纤激光技术股份有限公司 投资者关系活动记录表 编号：2018-004 | --- | --- | --- | |------------|---------------------|---------------------------------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系 | □ | 媒体采访 □业绩说明会 | | 活动类别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名 | 2018 年 10 月 | 30 日参会人员： | | 称及人员姓 | | 东北证券 张立、广发证券发展研究中心 王帅、高毅资产 罗迟放、源 | | 名 | | 乐晟资产管理有限公司 董昊、渤海证券证券股份有限公司 徐中华、 | | | | 中华联合保险集团股份有限公司 李东、长江证券研究所 周迪、中融 | | | | 基金管理有限公司 骆尖、民生证券 丁健、深圳市徐星投资管理有 ...

证券代码：300747 证券简称：锐科激光 武汉锐科光纤激光技术股份有限公司 投资者关系活动记录表 编号：2019-001 | --- | --- | --- | |---------------|-------------------------|----------------------------------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系 | □ 媒体采访 □业绩说明会 | | | 活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | | 2018 年 1 月 22 | 日参会人员： | | | | 瑞银证券 周洁、保银投资 汤逸纯、景顺纵横 饶呈方、旌乾资产 | | 参与单位名 | Wayne Tang | 、才华资本 唐毅、施罗德基金 张晓莹、挪威银行 龙力 | | 称及人员姓 名 | | 翔、圆信永丰基金 陈臣、东方证券资管 虞玔劬 郭乃幸、 Brilliance | | | Capital 唐毅 石林、 ...

2019 年 3 月 7 日武汉锐科光纤激光技术股份有限公司 投资者关系活动记录表 编号：2019-002 | --- | --- | --- | --- | |------------|------------------------|---------------------------------|----------------------------------------------------------------| | | √ | 特定对象调研 □分析师会议 | | | 投资者关系 | □媒体采访 □业绩说明会 | | | | 活动类别 | □ 新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单位名 | 2019 年 3 月 7 | 日参会人员： | | | 称及人员姓 | | | 上海东方证券资产管理 朱伯胜、谢文超、郭乃幸；上银基金 赵治 | | 名 | | | 烨；中信保诚基金 刘锐；中再资产 程军；中天国富资管 熊奇；中融 | | | | | 鼎（深圳） 吴函亮；中邮基金 张腾；中银基金 丁戈、王帅 ...

Financial Performance - The company's revenue for Q3 2022 was ¥773,503,555.36, a decrease of 13.78% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥11,080,842.09, down 92.13% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥5,253,010.05, reflecting a 96.09% decline compared to the previous year[6]. - Net profit attributable to shareholders decreased by 91.79% to ¥32,965,846.74, primarily due to a decline in gross margin and an increase in expenses[14]. - Operating profit decreased significantly to CNY 51,702,100.65, down from CNY 497,881,776.88 in the previous year[29]. - The total profit for the current period is 52,531,198.04, a decrease from 498,107,833.78 in the previous period[32]. - The net profit attributable to the parent company's shareholders is 32,965,846.74, compared to 401,365,229.50 in the previous period, reflecting a significant decline[32]. - The basic earnings per share for the current period is 0.0587, a decrease from 0.7147 in the previous period[32]. - The company's basic earnings per share were ¥0.0197, down 92.14% year-on-year[6]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,477,983,383.33, an increase of 12.86% from the end of the previous year[6]. - Total assets increased to CNY 5,477,983,383.33, up from CNY 4,853,696,970.33, representing an increase of 12.84%[25]. - Total liabilities rose to CNY 2,317,970,749.83, compared to CNY 1,766,179,096.36, marking a 31.19% increase[25]. - Equity attributable to shareholders increased to CNY 3,067,221,856.48 from CNY 2,999,817,460.15, reflecting a growth of 2.25%[25]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥32,701,128.02, a decrease of 84.72% year-on-year[6]. - Operating cash flow turned negative at -¥32,701,128.02, a decrease of 84.72% compared to the previous period, influenced by comprehensive effects of operating inflows and outflows[14]. - The cash flow from operating activities for the current period is 1,981,431,708.38, up from 1,659,380,010.20 in the previous period[35]. - The net cash flow from operating activities is -32,701,128.02, worsening from -17,702,787.75 in the previous period[35]. - The cash flow from investing activities shows a net outflow of -248,734,954.06, compared to -267,892,109.22 in the previous period[35]. - The cash flow from financing activities has a net inflow of 327,100,834.78, an increase from 197,432,096.61 in the previous period[38]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 24,590, with the largest shareholder, China Aerospace Sanjiang Group, holding 33.69%[15]. - The top ten shareholders collectively hold significant stakes, with the largest individual shareholder, Yan Dapeng, owning 9.00%[15]. - The number of restricted shares held by Yan Dapeng increased to 38,241,961 after adding 8,825,067 shares during the period[19]. Expenses and Costs - Research and development expenses increased by 36.97% to ¥200,370,764.88 compared to the same period last year[11]. - Total operating costs increased to CNY 2,298,243,026.17, up 12.99% from CNY 2,034,754,065.26 year-over-year[29]. - Research and development expenses rose to CNY 200,370,764.88, an increase of 36.93% compared to CNY 146,292,894.64 last year[29]. - The company recorded a 125.62% increase in asset impairment losses, amounting to ¥2,899,890.69 during the reporting period[11]. Cash and Cash Equivalents - Cash and cash equivalents increased by 149.27% to ¥45,572,029.15, driven by net cash flows from operating, investing, and financing activities[14]. - Cash and cash equivalents decreased to CNY 445,372,856.16 from CNY 454,511,432.13, reflecting a decline of 2.51%[22]. - The cash and cash equivalents at the end of the period amount to 425,980,046.10, down from 721,637,745.34 in the previous period[38]. - The impact of exchange rate fluctuations on cash and cash equivalents was -¥92,723.55, a 97.86% improvement compared to the previous period[14]. Strategic Focus - The company is focusing on cash flow management to mitigate the negative impacts of operational challenges and is exploring new financing options[14].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,547,402,136.69, a decrease of 3.87% compared to ¥1,609,622,624.96 in the same period last year[31] - The net profit attributable to shareholders of the listed company was ¥21,885,004.65, down 91.60% from ¥260,540,640.34 in the previous year[31] - The net profit after deducting non-recurring gains and losses was ¥7,236,827.30, a decline of 97.08% compared to ¥247,770,269.56 in the same period last year[31] - The net cash flow from operating activities was ¥63,629,991.32, a decrease of 50.47% from ¥128,476,135.01 in the previous year[31] - The basic earnings per share were ¥0.0390, down 91.59% from ¥0.4639 in the same period last year[31] - Operating costs increased by 17.45% to ¥1,303,699,076.68 from ¥1,109,999,546.53 year-on-year[52] - The company reported a significant increase in net cash flow from financing activities, rising by 258.60% to ¥267,069,670.42 from ¥74,476,002.02[52] - The gross margin for the pulse fiber laser product is 16.23%, with a year-on-year increase of 7.07%[52] - The gross margin for the continuous fiber laser product decreased by 19.21% to 13.31%, with a year-on-year decline of 9.57% in revenue[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,571,561,139.89, an increase of 14.79% from ¥4,853,696,970.33 at the end of the previous year[31] - The total assets at the end of the reporting period amounted to ¥5,570,000,000, with a significant increase in construction in progress due to investments in future projects[56] - The company's short-term borrowings increased significantly to ¥400,000,000.00 from ¥120,096,388.89, reflecting new bank loans[56] - Total liabilities amounted to ¥2,431,871,966.55, up from ¥1,766,179,096.36, reflecting an increase of about 37.6%[189] - Current liabilities rose to ¥2,263,336,019.71 from ¥1,593,288,056.21, reflecting a growth of approximately 42%[189] Research and Development - Research and development investment in the first half of 2022 was 124.73 million yuan, an increase of 9.90% year-on-year, with a total of 6 new flagship products launched[49] - Research and development expenses increased by 9.90% to ¥124,725,115.92 from ¥113,494,164.04 year-on-year[52] - The company holds a total of 640 patents, a 37.5% increase compared to the same period in 2021, including 99 invention patents domestically and 2 overseas[49] - The company has established a market-driven R&D innovation system to accelerate technological innovation and new product development[47] - The company aims to strengthen its position in the laser industry by expanding its product line and addressing various technical challenges[49] Market and Industry Insights - The global laser equipment market sales revenue was approximately $21 billion in 2021, with a year-on-year growth of 16%, and is expected to grow by about 10% to reach $23.2 billion in 2022[41] - The domestic fiber laser market grew from 2.86 billion yuan in 2014 to 12.48 billion yuan in 2021, with an expected growth to 13.4 billion yuan in 2022, representing a year-on-year increase of 7.4%[41] Corporate Governance and Compliance - The company does not face any significant risks affecting normal operations[8] - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments, urging investors to be aware of investment risks[8] - The company has implemented quality improvement projects and established a standardized quality management system to enhance risk identification capabilities[47] - The company has disclosed all fundraising usage information accurately and has no violations in fund management[78] - The company has not faced any administrative penalties for environmental issues during the reporting period[113] Shareholder Information - The company reported a total share count of 436,023,500, with 100% of shares accounted for[162] - The largest shareholder, China Aerospace Sanjiang Group Co., Ltd., holds 33.68% of the shares, totaling 146,873,548 shares[167] - The company did not distribute cash dividends or issue new shares in the first half of 2022[104] - The annual shareholders' meeting had a participation rate of 50.45% on May 17, 2022[102] Social Responsibility and Environmental Compliance - The company actively participates in social welfare activities, reflecting its commitment to social responsibility[120] - The company has implemented a pollution prevention facility that operates normally, ensuring compliance with environmental regulations[110] - The company has a robust human resources management system to protect employee rights and attract talent through various incentive measures[118] Future Outlook and Challenges - The company plans to enhance its product series and invest in high-potential application areas to mitigate risks from macroeconomic fluctuations[91] - The company is facing talent retention challenges due to industry competition and is implementing measures to improve employee incentives and stability[92] - The impact of the COVID-19 pandemic on the company's operations is being closely monitored, with ongoing adjustments to mitigate risks[94] - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[200]