Core Viewpoint - The company Laplace has shown a modest increase in stock price and maintains a lower price-to-earnings (PE) ratio compared to the industry average, indicating potential undervaluation in the context of the solar equipment sector [1][2]. Company Summary - Laplace closed at 42.06 yuan on November 28, with a 1.01% increase, resulting in a rolling PE ratio of 23.00 times and a total market capitalization of 17.048 billion yuan [1]. - The company specializes in the research, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing [1]. - Key products include thermal processing equipment (boron diffusion, phosphorus diffusion, oxidation, and annealing), coating equipment (LPCVD, PECVD, ALD, and EPD), and automation equipment to enhance production efficiency [1]. Financial Performance - For the third quarter of 2025, the company reported revenue of 4.321 billion yuan, a year-on-year increase of 0.43%, and a net profit of 588 million yuan, reflecting a 2.07% increase [2]. - The sales gross margin stands at 31.24% [2]. Industry Comparison - The average PE ratio for the solar equipment industry is 44.75 times, with a median of 49.94 times, positioning Laplace at the 45th rank within the industry [1][2]. - Other companies in the industry have varying PE ratios, with some significantly higher than Laplace, indicating a potential investment opportunity based on relative valuation [2].
拉普拉斯收盘上涨1.01%，滚动市盈率23.00倍，总市值170.48亿元