Group 1 - The photovoltaic concept stocks are experiencing a strong rebound, with Dongcai Technology (601208) hitting the daily limit up [1] - Tongwei Co., Ltd. (600438) has increased by over 5% [1] - Other companies such as Inno Laser (301021), Junda Co., Ltd. (002865), and Aotwei are also seeing gains [1]

英诺激光科技股份有限公司 关于股东减持股份的预披露公告 大股东宿迁红粹投资合伙企业（有限合伙）、深圳荟商投资企业（有限合伙） 保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：301021 证券简称：英诺激光 公告编号：2025-033 特别提示： 1.大股东宿迁红粹投资合伙企业（有限合伙）1（以下简称"红粹投资"）持有 公司股份数量为 34,798,823 股，占公司扣除回购账户后总股本2比例 22.97%。红粹 投资计划在本公告披露之日起 15 个交易日后的 90 日内减持公司股份不超过 2,272,390 股，不超过公司扣除回购账户后总股本比例 1.5%。其中，以集中竞价的 方式减持公司股份不超过1,514,900股，不超过公司扣除回购账户后总股本比例1%； 以大宗交易的方式减持公司股份不超过 757,490 股，不超过公司扣除回购账户后总 股本比例 0.5%。 2.大股东深圳荟商投资企业（有限合伙）（以下简称"荟商投资"）持有公司 股份数量 10,030,000 股，占公司扣除回购账户后总股 ...

Group 1: Business Performance - The company achieved a total revenue of approximately 447 million yuan in 2024, representing a year-on-year growth of about 21.41% [3] - The business strategy focused on "stabilizing existing business, accelerating new growth, and enhancing capabilities," leveraging innovation to address industry pain points [2] Group 2: New Business Development - The company has established a unique business model centered around laser technology, targeting downstream applications with significant market potential [4] - By the end of 2024, new business segments, including semiconductors, new energy, next-generation displays, and biomedicine, collectively generated over 100 million yuan in revenue, achieving the first three-year development goal post-IPO [4] Group 3: Product Applications - The company’s laser products support applications in 3D printing and engraving, with average revenue from the 3D printing business around 27 million yuan [4] - Innovations in consumer electronics include laser solutions for acoustic components, microcrystalline glass, foldable screen hinges, WLG lenses, VC cooling, and circuit boards, with notable clients such as AAC Technologies and Lens Technology [4][5] Group 4: Technical Advantages - The company's wafer-level glass (WLG) processing equipment features automatic cutting and slicing capabilities with micron-level precision, and has been delivered in bulk to AAC Technologies [5]

证券代码：301021 证券简称：英诺激光 公告编号：2025-032 英诺激光科技股份有限公司 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、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1.英诺激光科技股份有限公司（以下简称"公司"或"本公司"）回购专用 证券账户中的股份653,100股不参与本次权益分派。本公司2024年年度权益分派方 案为：公司拟以总股本152,151,932股扣除回购账户股份653,100股后的股本 151,498,832股为基数，向全体股东每10股派发现金股利1.00元（含税），拟分派 现金股利共计15,149,883.20元（含税）。 2.本次权益分派后计算除权除息价格时，按总股本（含回购股份）折算的每 10股现金红利（含税）=现金分红总额/总股本*10=15,149,883.20元/152,151,932 股*10股=0.995707元（保留六位小数，最后一位直接截取，不四舍五入）。 3.本次权益分派后除权除息参考价=除权除息日前一交易日收盘价-按总股本 （含回购股份）折算每股现金红利=除权除息日前一交易日收盘价-0.099 ...

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]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [6]. Core Views - The company is a leading domestic solid-state laser manufacturer, expanding its product spectrum to unlock significant growth potential [10]. - The demand for laser micro-machining is driven by WLG optical innovations and advanced packaging, with sustained high growth in niche markets [2]. - The supply side is characterized by a high-barrier market structure, with accelerated domestic substitution processes [3]. Financial Summary - Revenue projections show a growth trajectory from 368 million yuan in 2023 to 903 million yuan by 2027, with a compound annual growth rate (CAGR) of 28.9% [1]. - The net profit is expected to turn from a loss of 4 million yuan in 2023 to a profit of 131 million yuan by 2027, reflecting a significant recovery [1]. - The company's return on equity (ROE) is projected to improve from -0.5% in 2023 to 10.6% in 2027 [1]. Demand Side Analysis - The solid-state laser market is experiencing continuous high growth due to its applications in precision micro-machining, particularly in the semiconductor sector [2]. - WLG technology is a critical innovation in the optical field, enhancing laser processing demand in consumer electronics and advanced packaging [2]. - The semiconductor capital expenditure is expected to rise, driven by AI demand, positioning advanced packaging as a new engine for laser processing demand [2]. Supply Side Analysis - The domestic laser industry is evolving towards high power, high precision, and intelligent manufacturing, with solid-state lasers playing a crucial role in micro-machining [3]. - The domestic supply chain is growing, accelerating the process of localization and substitution in the laser market [3]. Profitability Forecast and Investment Recommendations - The company is expected to achieve net profits of 51 million yuan, 80 million yuan, and 131 million yuan from 2025 to 2027, with corresponding earnings per share (EPS) of 0.34 yuan, 0.52 yuan, and 0.86 yuan [6]. - The price-to-earnings (P/E) ratio is projected to decrease from 86.5x in 2025 to 34.0x in 2027, indicating an attractive valuation as earnings grow [1].

Group 1: Business Performance - In 2024, the company achieved a total revenue of approximately 447 million yuan, representing a year-on-year growth of about 21.41% [2] - The company’s strategy focused on "stabilizing existing business, accelerating new business, and enhancing capabilities," leading to steady growth in existing business and accelerated revenue from new business [2][3] Group 2: New Business Development - The company has established a unique business model centered around laser technology, targeting downstream applications with significant market potential [3] - By the end of 2024, new business segments, including semiconductors, new energy, next-generation displays, and biomedicine, collectively generated over 100 million yuan in revenue, achieving the first three-year development goal post-IPO [3] Group 3: Innovations in Consumer Electronics - The company developed innovative laser products and solutions focusing on "new products, new materials, and new processes," targeting structural growth opportunities in the industry [3] - Key clients for the new laser solutions include major companies such as AAC Technologies, Lens Technology, and GoerTek [3] Group 4: Semiconductor Business Progress - The semiconductor business showed significant growth in 2024, with a mature business layout and continuous supply of UV lasers for silicon carbide annealing processes to SHI Company [5] - The company has completed sample deliveries for deep UV lasers used in silicon-based semiconductor testing and ultra-precision drilling equipment for advanced packaging [5]

证券代码：301021 证券简称：英诺激光 公告编号：2025-031 英诺激光科技股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1.本次股东大会不存在否决议案的情形； 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 英诺激光科技股份有限公司（以下简称"公司"或"英诺激光"）董事会于 2025 年 4 月 25 日在巨潮资讯网（www.cninfo.com.cn）上披露了《关于召开 2024 年年 度股东大会的通知》。 （一）会议召开情况 1.现场会议召开时间：2025 年 5 月 16 日（星期五）14:50。 2.网络投票时间：2025 年 5 月 16 日。 其中：通过深圳证券交易所交易系统进行投票的具体时间为：2025 年 5 月 16 日 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 5 月 16 日上 午 9:15 至 2025 年 5 月 16 日下午 15:00 期间 ...

北京市信格律师事务所 关于英诺激光科技股份有限公司 2024 年年度股东大会的法律意见书 致：英诺激光科技股份有限公司 根据《中华人民共和国公司法》《中华人民共和国证券法》（以下简称"《证 券法》"）、中国证券监督管理委员会发布的《上市公司股东会规则》（以下简 称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简 称"《从业办法》"）及《英诺激光科技股份有限公司章程》（以下简称"《公 司章程》"）等有关规定，北京市信格律师事务所（以下简称"本所"）接受英 诺激光科技股份有限公司（以下简称"英诺激光"或"贵公司"）的委托，指派 本所律师出席英诺激光 2024 年年度股东大会（以下简称"本次会议"），对本 次会议召集、召开程序、召集人资格、出席会议人员的资格、表决程序、表决结 果的合法性和有效性进行审查，并出具本法律意见书。 本所律师已经按照《股东会规则》的要求对贵公司本次会议的真实性、合法 性进行查验并发表法律意见；本法律意见书中不存在虚假记载、误导性陈述及重 大遗漏。 本法律意见书仅供贵公司本次会议之目的使用，不得用于其他任何目的。本 所律师同意将本法律意见书随贵公司本次会议决议一并公告。 ...

长城证券股份有限公司 关于英诺激光科技股份有限公司 首次公开发行股票并在创业板上市之保荐总结报告书 长城证券股份有限公司（以下简称"长城证券"或"保荐机构"）作为英诺 激光科技股份有限公司（以下简称"英诺激光"或"公司"）首次公开发行股票 并在创业板上市的保荐机构，对英诺激光履行持续督导职责，持续督导期至 2024 年 12 月 31 日止。截至目前持续督导期已经届满，长城证券根据《证券发行上市 保荐业务管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上 市公司自律监管指引第 13 号——保荐业务》等相关法规和规范性文件的规定， 出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，本保荐机构及保荐代表人对其真实性、准确性、完整性承担 法律责任。 2、本保荐机构及本人自愿接受中国证券监督管理委员会（以下简称"中国 证监会"）对保荐总结报告书相关事项进行的任何质询和调查。 3、本保荐机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管 理办法》的有关规定采取的监管措施。 | 保荐机构名称 | 长城证券股份有限 ...