Core Viewpoint - Shenzhen United Winners Laser Co., Ltd. reported a revenue of approximately 1.53 billion RMB for the first half of 2025, reflecting a year-on-year increase of 5.30%, while the total profit decreased by 14.24% due to lower gross margins and reduced other income [2][3][10]. Company Overview and Financial Indicators - The company is a leading manufacturer in the laser welding equipment industry, focusing on high-end equipment manufacturing, particularly in laser processing technology [4][6]. - The company achieved a net profit attributable to shareholders of approximately 57.92 million RMB, an increase of 13.16% compared to the previous year [3][10]. - The total assets of the company reached approximately 7.66 billion RMB, marking an 8.73% increase from the previous year [2][3]. Industry and Main Business Situation - The laser welding equipment industry is experiencing growth due to increased applications in sectors such as power and energy storage batteries, automotive, and consumer electronics [4][5]. - The market for laser welding equipment in China is projected to grow, with sales expected to reach approximately 12.5 billion RMB in 2025, up from 12.25 billion RMB in 2024 [4][5]. - The demand for laser welding technology is driven by the need for higher production efficiency and product quality in traditional industries undergoing transformation [5][6]. Competitive Position and Market Share - The company holds a significant market share in the laser welding equipment sector, with approximately 34% in 2022 and 26% in 2023 [7]. - The company has established strong relationships with leading clients in the lithium battery and consumer electronics sectors, enhancing its competitive edge [7][11]. Research and Development - The company invested approximately 119.28 million RMB in R&D, accounting for 7.78% of its revenue, focusing on developing new products and technologies to meet market demands [11][12]. - The company has developed several core technologies, including real-time laser energy control and multi-wavelength coaxial composite welding technology, which are recognized as industry-leading innovations [14][15][17]. Future Outlook - The company anticipates continued growth in the laser welding equipment market, particularly in the lithium battery sector, as major clients expand production capacity [11][12]. - The introduction of new technologies and products, such as those for solid-state battery production, is expected to drive future revenue growth [11][12].

Core Viewpoint - Laser welding technology shows significant application potential in the fields of new energy vehicles, low-altitude economic equipment, and precision electronic device packaging due to its non-contact, high efficiency, high precision, and low thermal impact advantages [2] Group 1: Laser Welding Technology - Low transmittance can lead to excessive absorption of laser in upper materials, resulting in insufficient welding strength, while high transmittance requires reduced mold temperature to decrease crystallinity, affecting mechanical properties and potentially causing deformation during cooling [2] - The development of laser-weldable nylon materials was discussed by Zhu Xiongbo, General Manager of Chengdu Boma Polymer Materials Co., Ltd., at the "2025 Advanced Nylon Industry Innovation and Application Development Conference" [2] Group 2: Material Development Techniques - To address low warpage deformation issues, Boma adopted low-viscosity resin matrices combined with special crystallization control technologies, significantly reducing deformation and ensuring welding surface flatness controlled below 0.25 mm [4] - Boma collaborated with partners to develop special refractive index-matching glass fibers, enhancing the transmittance of 1 mm thick materials to 65%-82%, far exceeding conventional material levels, ensuring efficient laser energy penetration and precise capture by the underlying absorption layer [5] Group 3: Production Process Control - Strict production process control is fundamental for stable performance, including unique dehumidification drying systems and strict control of processing temperatures (<125°C) and moisture content to prevent nylon hydrolysis degradation [5] - The use of micro-external release agents (approximately 0.0003) addresses injection molding adhesion issues in high glass fiber materials, ensuring product appearance and dimensional accuracy [5] Group 4: Training and Workshops - Zhu Xiongbo will serve as a lecturer at the "Nylon Modification and High-Performance Processing Technology" advanced training course (8th session) on July 4-5, 2025, discussing key issues in nylon material development and processing [6][11] - The training program includes various topics such as the characteristics and modification of high-temperature nylon resins, the impact of additives on glass fiber-reinforced nylon performance, and the industry progress of halogen-free flame retardants [7][8][10]