Group 1: Recent Business Performance - The company received orders for nearly 20GW capacity of TOPCon photovoltaic cells at the beginning of 2023 [3] - As of now, the cumulative orders and awarded capacity for TOPCon SE laser doping equipment have exceeded 50GW [3] - The laser doping equipment has achieved a stable efficiency improvement of over 0.25% for major clients, with some clients exceeding 0.3% [3] Group 2: Market and Competitive Landscape - The market for TOPCon laser doping equipment is competitive, but the company maintains confidence in its market share due to its deep technical accumulation [3] - The single GW value for boron doping solutions varies, but is generally around 7-8 million [3] Group 3: Order Situation in 2022 - The company secured nearly 40GW of orders for laser equipment used in BC cells and approximately 100GW for PERC cells in 2022 [4] - In the fourth quarter, there were over 20GW of orders for TOPCon SE laser doping equipment [4] Group 4: Equipment Development and Innovations - The company is developing new laser equipment for module production, aimed at reducing production temperature and improving conversion efficiency [4] - The laser transfer equipment has achieved a material saving of 30-40% and efficiency improvement of over 0.3% in HJT processes [4] - The company has maintained a reserve of laser technology for perovskite applications, with orders for perovskite process equipment delivered in 2022 [4]

编号：2020-001 证券代码：300776 证券简称：帝尔激光 武汉帝尔激光科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------------------|-------------------------|--------------------------------------------------------| | | | | | 投 资 者 关 | □ | 特定对象调研 □分析师会议 | | 系 活 动 类 | □媒体采访 □业绩说明会 | | | 别 | □ 新闻发布会 □路演活动 | | | | □现场参观 | √ 其他 | | 参 与 单 位 | | 前海人寿张智强、兴全基金李扬、华商基金陈夏琼，中泰证券 | | 名 称 及 人 | | 资管田瑀、弘毅远方樊可、华商基金梁勤之、成泉资本孙宇、 | | 员姓名 | | 长江证券臧雄、方正富邦李卓健、天弘基金涂申昊、中意资产 | | | 刘佳、 | | | | | 中银国际自营闵琳佳、嘉实基金宋阳、长江证券赵智勇等。 | | 时间 | 2020 年 4 月 27 | 日 19：30 ...

编号：2020-003 证券代码：300776 证券简称：帝尔激光 武汉帝尔激光科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------|------------------------|--------------------------------------------------------| | | | | | 投 资 者 关 | □ | 特定对象调研 □分析师会议 | | 系 活 动 类 | □媒体采访 □业绩说明会 | | | 别 | □ 新闻发布会 □路演活动 | | | | □现场参观 | √ 其他 | | 参 与 单 位 | | 安信证券崔逸凡，华夏基金李平祝，中融信托赵晓媛，圣为投 | | 名 称 及 人 | | 资周鹏，华商机械梁勤之，进门财经林曼莎，上海龙全投资马 | | 员姓名 | | 旭桢，上海德邻众福投资管理有限公司张鑫辉，太平洋保险恽 | | | | 敏，惠升基金彭柏文，合众投资黄卓立，工银基金张继圣，民 | | | | 生通惠何文斌，中信证券股份有限公司（资管）程伟庆，阳光 | | | | 资产管理股份有限公司李恩国，华夏基 ...

编号：2020-004 证券代码：300776 证券简称：帝尔激光 武汉帝尔激光科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------|--------------------------|----------------------------------------------------------| | | | | | 投 资 者 关 | □ | 特定对象调研 □分析师会议 | | 系 活 动 类 | □媒体采访 □业绩说明会 | | | 别 | □ 新闻发布会 □路演活动 | | | | □现场参观 √其他 | | | 参 与 单 位 | | 泰康资产、上投摩根、长江证券、诺安基金、兴全基金、鹏扬 | | 名 称 及 人 | | 基金、兴业基金、国寿安保基金、招商基金、凯石基金、华泰 | | 员姓名 | | 资产、融通基金、天弘基金、新华基金、长盛基金、上银基 | | | | 金、中银基金、中信建投证券、太平洋资产、工银安盛、中国 | | | 人寿资产、 | mighty divine 、民生信托、安信证券等约 130 家 | | | 机构。 | ...

编号：2019-008 证券代码：300776 证券简称：帝尔激光 2019 年 11 月 6 日武汉帝尔激光科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------|-------------------------------------------------------------------| | | | | | 投 资 者 关 | √ | 特定对象调研 □分析师会议 | | 系 活 动 类 | □ 媒体采访 □业绩说明会 | | | 别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | □ 其他 | | 参 与 单 位 | | 新时代证券吴吉森、梁爽、蒲美鑫，诺安基金李迪光、蔡宇 | | 名 称 及 人 | 滨、曲泉儒。 | | | 员姓名 | | | | 时间 | 2019 年 11 月 6 | 日 | | 地点 | | 武汉帝尔激光科技股份有限公司会议室 | | 上 市 公 司 | | | | 接 待 人 员 姓名 | | 财务总监、董事会秘书：刘志波， ...

Company Overview - Wuhan Del Laser Technology Co., Ltd. was established on April 25, 2008, focusing on precision laser processing solutions and related equipment for the photovoltaic sector [2][3]. - The company collaborates with leading global photovoltaic module manufacturers, including Jinko Solar, Trina Solar, and LONGi Green Energy, among others [3]. Product and Technology - Main products include PERC laser ablation equipment, SE laser doping equipment, MWT series laser equipment, and automated high-speed laser scribing machines [3]. - PERC laser ablation equipment can enhance the photoelectric conversion efficiency of monocrystalline cells from 20.3% to approximately 21.5% [3]. - As of the end of 2018, about 77% of the PERC process capacity and 86% of the SE process capacity among major photovoltaic manufacturers utilized the company's equipment [3]. Inventory and Growth - As of Q3 2019, the company's inventory was 759 million, primarily consisting of raw materials, work-in-progress, and finished goods [4]. - The increase in inventory is attributed to a rise in orders and the long production cycle of key raw materials like lasers and optical components [4]. Competitive Advantages - The company possesses strong R&D capabilities and a well-established talent system, enabling it to respond quickly to diverse customer needs [5]. - It maintains stable relationships with large and medium-sized solar cell manufacturers, enhancing its brand influence and product quality [5]. Capacity Utilization - In 2019, the company's capacity utilization rate was high, with some production processes outsourced to alleviate capacity constraints [6].

编号：2019-009 证券代码：300776 证券简称：帝尔激光 2019 年 12 月 4 日武汉帝尔激光科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------|---------------------------------------|-------------------------------------------------------------------| | | | | | 投 资 者 关 | √ | 特定对象调研 □分析师会议 | | 系 活 动 类 | □ | 媒体采访 □业绩说明会 | | 别 | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | □ 其他 | | 参 与 单 位 | 花旗环球常青、房聪， | DWS 刘慧斌，瀚亚投资齐晧、许骁骅， | | 名 称 及 人 | | 方源资本钱坤，禾其投资杨硕，奇點资产 Gary Hsu ，三井住 | | 员姓名 | 友德思资产胡雯矜， | MARSHALL WACE 尹帅，贝莱德刘芸 | | | | | | | 琪，碧云资产高新宇， | YORK CAPI ...

Company Overview - Wuhan Dier Laser Technology Co., Ltd. was established on April 25, 2008, focusing on precision laser processing solutions and related equipment [2][3] - The company primarily serves the photovoltaic sector, providing customized and comprehensive laser processing solutions for solar cells [3] Legal Matters - The company is currently involved in a patent lawsuit concerning utility model patents, with the court recognizing the plaintiff as a co-inventor but affirming that the patents belong to the company [5][6] - The patents in question are not core technologies for the company and are set to expire in November 2019 [5] Core Technology and Team - The company boasts a strong core technology team led by the actual controller, Dr. Li Zhigang, with a focus on innovation and high professional standards [6] - An employee stock ownership plan was established in June 2017, allowing core technical personnel and senior management to hold shares [6] Material Procurement and Production - Optical materials, including lasers, account for approximately 40% of the production cost of each device [7] - The company employs a "sales-driven production" model, adjusting production and procurement plans based on customer orders and market forecasts [7] Market Impact - The recent introduction of large-size silicon wafers by Zhonghuan shares is expected to drive innovation in the equipment supply chain, potentially leading to equipment upgrades and new production lines [8]

Company Overview - Wuhan Dier Laser Technology Co., Ltd. was established on April 25, 2008, focusing on precision laser processing solutions and related equipment for the photovoltaic sector [2][3]. - The company has subsidiaries in Wuxi and Tel Aviv, Israel, and is engaged in R&D for various battery technologies, including PERC and N-type processes [3]. Financial Performance - In Q3 2020, the company achieved a revenue of CNY 26,526.96 million, a year-on-year increase of 50.11% [4]. - The net profit attributable to shareholders was CNY 9,530.92 million, up 23.41% compared to the same period last year [4]. - Cumulative revenue from the beginning of the year to the end of the reporting period reached CNY 71,181.19 million, a growth of 37.36% year-on-year [4]. - Total assets as of September 30, 2020, amounted to CNY 242,118.38 million, reflecting a 9.56% increase since the beginning of the year [4]. Order Status and Market Trends - The company reported a shift from declining to increasing orders since Q3 2020, particularly after the Shanghai Photovoltaic Exhibition in August [5]. - Inventory and contract liabilities have shown an upward trend compared to Q2 2020, indicating a positive market response [5]. R&D Investment - R&D expenses reached CNY 3,375.84 million, a year-on-year increase of 50.63% [5]. - The main components of R&D expenses are labor and materials, focusing on enhancing PERC and PERC+ technologies, as well as developing new techniques for N-type batteries [5]. Product and Technology Development - The company offers a range of products, including PERC laser ablation equipment and SE laser doping equipment, and maintains a high market share in the domestic photovoltaic sector [3][4]. - The overall gross margin for Q3 2020 was 47.2%, slightly down from the first half of the year but still high within the industry [6]. Strategic Initiatives - A stock incentive plan was introduced to attract and retain talent, with 117.6 million shares granted at a price of CNY 89.82 per share [8]. - The incentive plan aims for revenue growth targets of 35%, 75%, and 130% for the years 2020-2022, focusing on expanding the company's presence in the photovoltaic industry and related sectors [8].

Company Overview - Wuhan Dier Laser Technology Co., Ltd. was established on April 25, 2008, focusing on precision laser processing solutions and related equipment [2] - The main products are precision laser processing equipment used in the photovoltaic (PV) sector, providing customized and comprehensive solutions for solar cell laser processing [3] Market Position - Major clients include top global PV module manufacturers such as Jinko Solar, Trina Solar, JA Solar, Longi Green Energy, and Hanwha Q CELLS, with significant collaboration ongoing [3] - As of the end of 2018, approximately 77% of PERC battery manufacturers and 86% of SE process capacity utilized the company's equipment, indicating a strong market presence [4] Financial Performance - The company has maintained a high growth rate in revenue and orders, attributed to technology accumulation, customer resource management, and product quality improvement [4] - R&D expenses have increased over the years, with figures from January 2016 to June 2019 being 5.73 million, 9.58 million, 18.20 million, and 13.91 million yuan respectively, although the growth rate of R&D expenses has not kept pace with revenue growth [5] Inventory Management - The significant increase in inventory is due to rising orders and the long production cycle of key raw materials like lasers and optical components, necessitating stockpiling [4] Industry Characteristics - The laser processing equipment industry does not exhibit significant seasonal characteristics, with no distinct peak or off-peak seasons [6]