频准激光，财务数据藏“剪刀差”
Shen Zhen Shang Bao·2025-12-12 13:00

Core Viewpoint - Shanghai Precision Laser Technology Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, focusing on quantum technology and advanced laser applications [1] Group 1: Company Overview - The company specializes in precision laser technology, targeting fields such as quantum computing, quantum precision measurement, semiconductor manufacturing, and advanced scientific research [1] - The main revenue source is the sale of laser products, accounting for over 96% of total revenue [2] Group 2: Financial Performance - Revenue figures for the reporting period are as follows: 80.43 million yuan, 148 million yuan, 292 million yuan, and 180 million yuan, with a compound annual growth rate (CAGR) of 90.49% from 2022 to 2024 [2] - Gross profit margins during the same period were 65.43%, 68.53%, 67.78%, and 69.96%, with net profits of 30.89 million yuan, 57.80 million yuan, 111 million yuan, and 66.15 million yuan [2] Group 3: Market Potential - The precision laser market is relatively small, with the quantum information laser market in China projected to reach 101 million USD in 2024 and 300 million USD by 2030 [4] - The semiconductor equipment demand for lasers is expected to grow from 528 million USD in 2024 to 1.093 billion USD by 2030 [4] Group 4: Corporate Governance - The company is controlled by Zhang Lei, who holds 62.04% of the shares and serves as both chairman and general manager [5] - Historical issues with shareholding arrangements have been resolved, and there are no ongoing disputes related to these matters [6][7] Group 5: Fundraising and Project Plans - The company plans to raise 1.41 billion yuan, with allocations of 637 million yuan for precision laser system industrialization, 372 million yuan for R&D center construction, 152 million yuan for a Wuhan R&D center, and 250 million yuan for working capital [9] - The company has not yet secured land use rights for its fundraising projects, which may face delays or changes due to uncertainties in land acquisition processes [10]