Group 1: Company Performance - The company has achieved continuous growth for nine consecutive quarters, driven by a successful transition from a single downstream field to multiple application scenarios, contributing to revenue growth since 2023 [3] - The PCB business has significantly contributed to performance, with nearly CNY 90 million in orders for PCB forming equipment and the first order for ultra-fast laser drilling equipment received [3][4] Group 2: PCB Equipment Development - The ultra-fast laser forming equipment has gained recognition from strategic customers, leading to the successful delivery of nearly CNY 90 million in orders in 2025 [4] - The ultra-precision drilling equipment, launched last year, features superior performance with hole diameters of 30-70 microns, a speed of 10,000 holes per second, and precision of less than ±10 microns, resulting in the first order from IC substrate customers [5] Group 3: Consumer Electronics Business - The company is focusing on "new products, new materials, and new processes" to seize structural growth opportunities in the recovering industry, developing laser solutions for various components such as acoustic devices, microcrystalline glass, foldable screens, WLG lenses, and VC cooling [6] Group 4: R&D and Innovation - The company employs a forward R&D model based on understanding the interaction of light and materials, optimizing laser systems for various applications, and addressing industry pain points through simulation and customization [7] Group 5: Market Value Management - The company emphasizes "solid foundation and strong base" to ensure sustainable development through innovation, effectively communicating its fundamentals and sharing growth results with investors [8]

1月20日，英诺激光大宗交易成交4.16万股，成交额200.05万元，占当日总成交额的0.39%，成交价48.09 元，较市场收盘价55.96元折价14.06%。 | 权益类证券大宗交易(协议交易) | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 买方营业部 (万元) | 卖方营业部 | | 2026-01-20 | 301021 | 英诺激光 | 48.09 | 4.16 | 200.05 华泰证券股份有限 公司广州海珠广场 | 五矿证券有限公司 湖南分公司 | | | | | | | 证券营业部 | | ...

（文章来源：证券日报） 证券日报网讯 1月19日，英诺激光在互动平台回答投资者提问时表示，公司的超快激光钻孔设备适用于 IC载板等多种场景的精密钻孔需求，现正积极拓展全球客户。 ...

Core Viewpoint - Inno Laser (301021) is leveraging its proprietary ultrafast laser drilling equipment, which has demonstrated superior performance in the IC substrate sector, to accelerate the development of new materials and processes in various applications [1] Group 1 - The company has validated the performance of its ultrafast laser drilling equipment in the IC substrate field [1] - The proprietary ultrafast laser technology provides a competitive advantage for the company [1] - The company is expediting efforts to meet the R&D demands of new materials and processes in different scenarios [1]

证券日报网讯 1月19日，英诺激光在互动平台回答投资者提问时表示，公司将贯彻落实"固本强基"的要 求，坚持创新驱动持续健康发展，扎实讲好"公司基本面叙事"，积极传递公司价值和回报股东支持，与 投资者共享超快激光行业和公司的发展成果。 （编辑 楚丽君） ...

证券日报网讯1月19日，英诺激光（301021）在互动平台回答投资者提问时表示，公司正在基于超快激 光钻孔设备和消费电子业务的成果拓展相关市场机会。 ...

证券日报网讯1月19日，英诺激光（301021）在互动平台回答投资者提问时表示，公司高度重视市值管 理工作，始终以持续提升公司核心价值为导向，具体从三方面推进：一是扎实推进"固本强基"工作，立 足高成长激光赛道，深化工业微加工与生物医疗赛道布局，推动公司实现持续健康发展。二是持续深化 与投资者的双向沟通，公司已构建多元化投资者沟通机制，通过定期业绩说明会、投资者调研、互动易 平台、投资者热线等多渠道，精准传递公司核心价值与发展理念。三是坚持以投资者为本，积极践行股 东回报。自上市以来，公司累计分红5350.17万元，占同期合计净利润比率为46.6%，切实与股东共享发 展成果。 ...

格隆汇1月19日丨英诺激光(301021.SZ)在投资者互动平台表示，禾赛科技不是公司客户。 ...

格隆汇1月19日丨英诺激光(301021.SZ)在投资者互动平台表示，公司未参加CES展会。 ...

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].