Core Viewpoint - Inno Laser announced on November 10 that the reduction in shareholding by shareholders is primarily due to personal financial needs, and the company has not received any formal plans for shareholding reduction from shareholders [2] Group 1 - The company stated that the reduction in shareholding is driven by the personal financial requirements of the shareholders [2] - There is currently no formal plan for shareholding reduction communicated to the company by the shareholders [2]

（文章来源：证券日报） 证券日报网讯英诺激光11月10日发布公告，在公司回答调研者提问时表示，公司在半导体领域的业务信 息，请以公司的公告内容为准。 ...

证券日报网讯 英诺激光11月10日发布公告，在公司回答调研者提问时表示，公司积极采取措施改善现 金流状况，包括加强应收账款管理、优化库存结构和提高运营效率等。公司将持续关注现金流情况，并 在定期报告中及时披露相关信息。 （编辑 袁冠琳） ...

Core Insights - The company, Innolight, has established a diversified business layout centered around lasers, covering downstream industries such as consumer electronics, semiconductors, new energy, next-generation displays, and biomedicine since its listing [1] Revenue Performance - In the first half of 2025, the company's existing business from consumer electronics and other sectors is expected to generate approximately 156.84 million yuan, reflecting a year-on-year growth of about 5.68% [1] - New business from semiconductors, new energy, and other sectors is projected to achieve approximately 54.67 million yuan in revenue, showing a significant year-on-year increase of about 54.66% [1] - The combined growth from both existing and new businesses is driving the company's rapid business expansion [1]

Core Insights - The cultivated diamond concept sector saw a rise of 3.46%, ranking second among concept sectors, with 14 stocks increasing in value [1] - Notable gainers included World, Inno Laser, and Sifangda, which rose by 9.80%, 8.70%, and 6.74% respectively [1] - The sector experienced a net inflow of 301 million yuan from main funds, with seven stocks receiving significant inflows [1] Fund Flow Analysis - The top stocks in terms of net fund inflow were Jing Sheng Electric, Inno Laser, and World, with inflows of 149 million yuan, 86.60 million yuan, and 64.02 million yuan respectively [1][2] - Inno Laser led with a net inflow rate of 12.10%, followed by Jing Sheng Electric at 8.89% and World at 6.14% [2] - The overall performance of the cultivated diamond concept was supported by strong fund inflows, indicating investor confidence in the sector [1][2] Stock Performance - The stock performance table highlighted that Jing Sheng Electric had a daily increase of 3.39% with a turnover rate of 3.27% [2] - Inno Laser's stock rose by 8.70% with a turnover rate of 10.95%, showcasing strong trading activity [2] - Conversely, stocks like Guoli Electronics and Guoji Precision experienced declines of 0.73% and 0.46% respectively, indicating mixed performance within the sector [3]

Market Overview - The Shanghai Composite Index closed at 4018.60 points, above the five-day moving average, with a gain of 0.53% [1] - The total trading volume of A-shares reached 2,194.371 billion yuan [1] Stocks Performance - A total of 1,028 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Jindike (金迪克) with a deviation rate of 13.94% and a daily increase of 20.01% [1] - Online and Offline (线上线下) with a deviation rate of 11.70% and a daily increase of 20.00% [1] - Taipeng Intelligent (泰鹏智能) with a deviation rate of 10.05% and a daily increase of 13.62% [1] Additional Stocks with Notable Performance - Other stocks with notable performance include: - Zhongfutong (中富通) with a daily increase of 12.67% and a deviation rate of 8.54% [1] - Peking University Pharmaceutical (北大医药) with a daily increase of 10.02% and a deviation rate of 7.89% [1] - Dike Co., Ltd. (帝科股份) with a daily increase of 10.95% and a deviation rate of 7.85% [1] Summary of Deviation Rates - The report includes a detailed ranking of stocks based on their deviation rates from the five-day moving average, highlighting both high and low performers [1][2]

Core Viewpoint - The A-share market is experiencing a strong performance in the cultivated diamond sector, with several companies showing significant stock price increases [1] Company Performance - Sifangda's stock price increased by over 11% [1] - Huifeng Diamond's stock price rose by more than 10% [1] - World Diamond's stock price grew by over 9% [1] - Inno Laser's stock price increased by over 8% [1] - Yellow River Wind's stock price rose by 7% [1] - Power Diamond's stock price increased by over 5% [1]

南财智讯11月10日电，英诺激光在投资者关系活动中表示，公司牵头的高功率超快薄片激光器项目已通 过第一阶段验收，该激光器具备大能量、窄脉宽、高重复频率等优势，可应用于半导体、新型显示、新 能源、航空航天、生物医疗等多个高端制造领域，未来有望替代进口准分子激光器。 ...

Core Performance Drivers - The company reported a significant increase in net profit by 2464.79% year-on-year, with a non-recurring net profit growth of 296.08%, driven by a business layout that integrates core laser technology with diverse downstream industries [2] - The existing business segments, including consumer electronics, next-generation displays, and biomedicine, generated approximately 156.84 million yuan in revenue, reflecting a year-on-year growth of 5.68%, while new business segments such as semiconductors and renewable energy achieved approximately 54.67 million yuan in revenue, marking a substantial year-on-year increase of 54.66% [2] Future Focus Areas - The company aims to concentrate on five key sectors: consumer electronics, semiconductors, renewable energy, next-generation displays, and biomedicine, enhancing competitiveness through technological innovation and market expansion [3] - The "High-Power Ultra-Fast Thin-Film Laser Project" has passed the first phase of acceptance, with applications in aerospace, semiconductors, and new displays, showing potential in ultra-precision processing and EUV light source pre-pulse scenarios [3] - The company has successfully delivered laser equipment for PCB/FPC processing, with expected annual orders exceeding 90 million yuan, and the first batch of ultra-precision drilling equipment has received customer approval, achieving a drilling efficiency of up to 10,000 holes per second [3] Production Capacity and Orders - The company confirmed that its production capacity is sufficient to meet current production demands, and the operational situation remains normal, with specific order data to be disclosed in official announcements [4] Shareholder Structure Changes - The company clarified that the recent change in the shareholder structure of its controlling shareholder, Delta Investment USA LLC, does not affect the controlling shareholder or actual controller, nor does it impact domestic operations or financing [5] R&D and Collaboration Models - The company collaborates with academic institutions and research institutes to focus on the application of laser technology in semiconductors, healthcare, and high-end manufacturing, acting as a technology provider or joint research partner to promote the transformation of research results [6] - Current R&D expenses are stabilizing and will not hinder technological iterations or the launch of new products [6] Investor Returns - Since its listing, the company has distributed a total of 48.50 million yuan in dividends, accounting for 40.65% of the total net profit during that period, with future profit distribution plans to be determined based on operational conditions, industry phases, and funding needs [7] Communication Summary - During the communication with investors, the company engaged in thorough discussions regarding business details and strategic planning, adhering strictly to information disclosure regulations without any significant undisclosed information leaks [8] Overall Strategy - The company intends to maintain focus on high-growth sectors, reinforcing core competitiveness through technological innovation and market expansion, with relevant business progress to be announced in official communications [9]

Financial Performance - The company's net profit attributable to shareholders increased by 2464.79% year-on-year, while the net profit after deducting non-recurring gains and losses grew by 296.08% [1] - Revenue from existing businesses in the consumer electronics sector reached approximately 156.84 million yuan, a year-on-year increase of about 5.68%, while new business revenue from sectors like semiconductors and new energy totaled approximately 54.67 million yuan, marking a year-on-year growth of about 54.66% [2] Business Strategy - The company focuses on five core areas: consumer electronics, semiconductors, new energy, next-generation displays, and biomedicine, enhancing its core competitiveness through technological iteration and market channel expansion [2] - The company collaborates with educational institutions and research institutes primarily in the R&D and application of laser technology in sectors such as semiconductors and medical devices [3] Production and Capacity - The company currently has sufficient production capacity to meet its operational needs [4] - The high-power ultrafast laser project has passed the first phase of acceptance, with further updates to be disclosed in company announcements [4] Shareholder and Financial Management - The company has maintained a cash dividend policy since its listing, with cumulative dividends amounting to 48.50 million yuan, accounting for 40.65% of the net profit during the period [5] - Shareholder reductions were primarily due to personal funding needs, with no current plans for further reductions [6] Research and Development - R&D expenses have stabilized, ensuring no impact on future technological iterations and new product launches [6] - The company has developed a series of laser devices for PCB/FPC high-precision needs, with expected annual orders exceeding 90 million yuan [8]