Group 1: Business Performance - The company achieved a total revenue of approximately 447 million yuan in 2024, representing a year-on-year growth of about 21.41% [3] - The business strategy focused on "stabilizing existing business, accelerating new growth, and enhancing capabilities," leveraging innovation to address industry pain points [2] Group 2: New Business Development - The company has established a unique business model centered around laser technology, targeting downstream applications with significant market potential [4] - By the end of 2024, new business segments, including semiconductors, new energy, next-generation displays, and biomedicine, collectively generated over 100 million yuan in revenue, achieving the first three-year development goal post-IPO [4] Group 3: Product Applications - The company’s laser products support applications in 3D printing and engraving, with average revenue from the 3D printing business around 27 million yuan [4] - Innovations in consumer electronics include laser solutions for acoustic components, microcrystalline glass, foldable screen hinges, WLG lenses, VC cooling, and circuit boards, with notable clients such as AAC Technologies and Lens Technology [4][5] Group 4: Technical Advantages - The company's wafer-level glass (WLG) processing equipment features automatic cutting and slicing capabilities with micron-level precision, and has been delivered in bulk to AAC Technologies [5]

Group 1: 2024 Annual Performance - In 2024, the company shipped 174,700 units, a year-on-year increase of 9.77% [3] - The revenue for 2024 was 3,197.31 million yuan, a decrease of 13.11% compared to the previous year [3] - The gross margin level remained stable, with a slight decline of 0.85% year-on-year [3] - R&D expenses totaled 355 million yuan, accounting for 11.10% of revenue, with a year-on-year increase of 4.97% [3] Group 2: Q1 2025 Performance - In Q1 2025, the company reported revenue of 715.25 million yuan, a year-on-year decrease of 10.72% [5] - Net profit for Q1 2025 was 16.93 million yuan, down 73.36% year-on-year [5] - The company experienced a 15.41% year-on-year increase in product shipments during Q1 2024 [5] Group 3: Strategic Goals and Market Expansion - The company aims to shift market focus from traditional markets to high-end manufacturing and overseas markets [5] - Plans to enhance R&D capabilities and introduce customized solutions to meet client needs [5] - The company is committed to not initiating price wars, maintaining a stable financial system to handle market fluctuations [6] Group 4: International Market Growth - Overseas revenue reached 197 million yuan, a year-on-year increase of nearly 40% [8] - The company plans to establish offices in Germany, Mexico, Thailand, and South Korea to enhance global service capabilities [8] - The CE continuous product sales saw a significant increase of 123.92% year-on-year in 2025 [8] Group 5: R&D and Innovation - Continuous R&D investment focuses on both traditional product iteration and emerging technology breakthroughs [9] - The company successfully developed the first domestic integrated device for fiber stripping, cutting, and welding [9] - Future R&D efforts will prioritize product miniaturization, lightweight innovation, and stability upgrades [9]

Q1 2025 Performance Highlights - Total revenue reached $51.7 million, a 16% increase year-over-year[8, 9] - Aerospace & Defense (A&D) revenue was $32.7 million, up 50% year-over-year[4, 9] - Product revenue increased by 22% year-over-year[17] - Total gross margin was 26.7%, compared to 16.8% in Q1 2024[8, 14] - Adjusted EBITDA was $0.10 million, a significant improvement from $(4.9) million in Q1 2024[8, 14] Revenue Breakdown - Industrial revenue was $8.9 million, a decrease of 26% year-over-year[9] - Microfabrication revenue was $10.1 million, a decrease of 6% year-over-year[9] Q2 2025 Outlook - Revenue is projected to be between $53 million and $59 million[28] - Gross margin is expected to be between 19% and 25%[28] - Adjusted EBITDA is forecasted to be between $(4) million and $1 million[28]