平安证券：帝尔激光控费效果突出，受益BC产业趋势，维持“推荐”评级

Group 1 - The core viewpoint of the report indicates that Di'er Laser achieved a net profit attributable to shareholders of 327 million yuan in the first half of the year, representing a year-on-year increase of 38.37%, while the net profit after deducting non-recurring items was 316 million yuan, up 40.51% year-on-year [1] - The company has demonstrated significant cost control effects, contributing to rapid growth in performance [1] - According to the "Back Contact (BC) Battery Technology White Paper," the market share of BC components is expected to continuously increase starting from 2025, reaching 62% by 2030 [1] Group 2 - Major players like Longi Green Energy and Aiko Solar are actively expanding BC battery production capacity [1] - Traditional BC battery manufacturing involves multiple steps such as gluing, exposure, developing, etching, and cleaning, resulting in high production costs and low yield [1] - The use of laser patterning technology can significantly reduce production costs and improve yield [1] Group 3 - The company has already received bulk orders for BC battery laser patterning equipment and possesses a competitive advantage in this area, positioning it as a core beneficiary of the BC industry trend [1] - Considering the development of the BC industry and the company's cost control measures, the profit forecast for the company has been adjusted [1] - The report maintains a "recommended" rating for the company based on the trends in the BC industry and its advantageous position in laser patterning equipment [1]