Core Viewpoint - The company, Delong Laser, is experiencing a gradual increase in orders for solid-state battery equipment, with some existing customers placing additional orders and new customers also making purchases. However, the current order amounts in this field are relatively small [1] Group 1 - The company has reported a trend of increasing orders for solid-state battery equipment [1] - Some customers are placing additional orders, indicating growing interest in the company's products [1] - New customers are also starting to place orders, suggesting potential market expansion [1] Group 2 - The order amounts in the solid-state battery equipment sector are currently small, which may affect revenue expectations [1] - New equipment, such as dry electrode laser preheating and ultrafast laser electrode production equipment, is still in the process of technological validation and has not yet generated orders [1]

Company Overview - Suzhou Delong Laser Co., Ltd. is located in the Suzhou Industrial Park, Jiangsu, China, established on April 4, 2005, and listed on April 29, 2022 [2] - The company specializes in the research, production, and sales of precision laser processing equipment and lasers, providing laser processing services to customers [2] - The revenue composition includes: precision laser processing equipment (72.10%), parts sales and maintenance (10.22%), lasers (8.18%), laser processing services (7.28%), laser equipment leasing services (1.59%), and other (0.63%) [2] Financial Performance - As of June 30, the company had 6,337 shareholders, an increase of 11.55% from the previous period, with an average of 16,310 circulating shares per person, up 16.39% [2] - For the first half of 2025, the company achieved operating revenue of 285 million yuan, a year-on-year increase of 2.49%, while the net profit attributable to the parent company was -15.48 million yuan, a decrease of 56.92% year-on-year [2] Stock Performance - On September 23, the stock price of Delong Laser fell by 2.01%, trading at 42.48 yuan per share, with a total market value of 4.391 billion yuan [1] - Year-to-date, the stock price has increased by 88.88%, with a 0.98% decline over the last five trading days, a 15.91% increase over the last 20 days, and a 70.40% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 8, where the net buying was -579,400 yuan [1] Dividend Information - Since its A-share listing, Delong Laser has distributed a total of 124 million yuan in dividends, with 72.247 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Lianying Laser has seen a significant increase in its stock price, with a rise of 5.06% to 27.84 CNY per share, and a total market capitalization of 9.502 billion CNY as of the report date [1] - Lianying Laser, established on September 22, 2005, specializes in the research, production, and sales of precision laser welding machines and automated laser welding equipment, with its main business revenue composition being 59.01% from automated welding equipment, 19.69% from workbenches, 13.61% from other sources, and 7.69% from lasers and welding machines [1] Group 2 - From the perspective of major fund holdings, one fund under Galaxy Fund has a significant position in Lianying Laser, with the Galaxy Quantitative Stable Mixed Fund (005126) holding 5,992 shares, accounting for 1.79% of the fund's net value, ranking as the sixth largest holding [2] - The Galaxy Quantitative Stable Mixed Fund (005126) has shown a year-to-date return of 29.54%, ranking 2,966 out of 8,244 in its category, and a one-year return of 74.3%, ranking 1,410 out of 8,066 [2]

Core Viewpoint - The stock of Jieput, a company specializing in laser technology and equipment, has experienced significant fluctuations in price and trading volume, reflecting both strong year-to-date performance and recent declines in the short term [1][2]. Company Overview - Jieput was established on April 18, 2006, and went public on October 31, 2019. The company is located in Longhua District, Shenzhen, Guangdong Province, and focuses on the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing in integrated circuits and semiconductor optoelectronic devices [1]. - The main revenue composition of Jieput includes: lasers (53.32%), laser/optical intelligent equipment (38.19%), other main businesses (6.61%), fiber optic devices (1.81%), and others (0.07%) [1]. Financial Performance - For the first half of 2025, Jieput achieved a revenue of 881 million yuan, representing a year-on-year growth of 48.34%. The net profit attributable to shareholders was 95.21 million yuan, showing a year-on-year increase of 73.84% [2]. - Since its A-share listing, Jieput has distributed a total of 157 million yuan in dividends, with 96.44 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Jieput had 6,608 shareholders, a decrease of 8.29% from the previous period. The average number of circulating shares per person increased by 9.03% to 14,383 shares [2]. - Notable institutional holdings include Guangfa Technology Innovation Mixed A (008638) as the fourth largest shareholder with 3.14 million shares, and Jin Ying Technology Innovation Stock A (001167) as the eighth largest shareholder with 1.57 million shares, which saw a decrease of 187,700 shares compared to the previous period [3].

Group 1 - The A-share market showed mixed performance on September 22, with the Shanghai Composite Index rising by 0.06%, driven by gains in sectors such as computer hardware and electronic components, while the restaurant and tourism sectors faced declines [1] - The machine tool sector demonstrated strength, with the machine tool ETF (159663) increasing by 0.66%, and notable individual stock performances included Weichuang Electric rising by 8.15%, Dazhu Laser by 6.88%, and Hezhu Intelligent by 5.13% [1] Group 2 - According to Wind data, the production of metal cutting machine tools in China is projected to reach approximately 71,000 units by August 2025, reflecting a year-on-year growth of 16.4%, although the growth rate has decreased by 3.9 percentage points compared to the previous month [3] - From January to August, the cumulative production of machine tools was about 564,000 units, showing a year-on-year increase of 14.6%, with a month-on-month growth rate increase of 0.7 percentage points [3] - The production of industrial robots in China is expected to be around 64,000 units by August 2025, with a year-on-year growth of 14.4% [3] - Xiangcai Securities reported that the manufacturing PMI in China rose by 0.1 percentage points to 49.4% in August, indicating improvements in production, new orders, and backlogged orders, suggesting a recovery in supply and demand within the manufacturing sector [3] - The machine tool ETF (159663) closely tracks the China Machine Tool Index, which encompasses key areas of high-end equipment manufacturing, including laser equipment, machine tools, robots, and industrial control equipment, highlighting the emphasis on innovation and industrial upgrading [3]

Core Insights - Inno Laser's stock increased by 5.14% on September 22, reaching a price of 42.98 CNY per share, with a trading volume of 378 million CNY and a turnover rate of 6.06%, resulting in a total market capitalization of 6.539 billion CNY [1] Company Overview - Inno Laser Technology Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on November 30, 2011. The company went public on July 6, 2021. Its main business involves the research, development, production, and sales of micro-processing lasers and customized laser modules [1] - The revenue composition of Inno Laser is as follows: lasers account for 59.89%, laser modules for 26.86%, other main businesses for 10.20%, and other operations for 3.05% [1] Shareholder Information - Among the top ten circulating shareholders of Inno Laser, a fund under Invesco Great Wall, specifically the Invesco Great Wall Advanced Manufacturing Mixed A Fund (012130), increased its holdings by 2,860 shares in the second quarter, bringing its total to 519,700 shares, which represents 0.34% of the circulating shares. The estimated floating profit from this investment is approximately 1.0914 million CNY [2] - The Invesco Great Wall Advanced Manufacturing Mixed A Fund was established on August 23, 2021, with a current scale of 1.485 billion CNY. Year-to-date returns are 41.09%, ranking 1550 out of 8244 in its category; the one-year return is 86.25%, ranking 908 out of 8066; and since inception, the return is 6.72% [2]

Company Overview - Suzhou Delong Laser Co., Ltd. is located in the Suzhou Industrial Park, Jiangsu, China, established on April 4, 2005, and listed on April 29, 2022 [2] - The company specializes in the research, production, and sales of precision laser processing equipment and lasers, providing laser processing services to customers [2] - The revenue composition includes: precision laser processing equipment (72.10%), parts sales and maintenance (10.22%), lasers (8.18%), laser processing services (7.28%), laser equipment leasing services (1.59%), and other (0.63%) [2] Financial Performance - As of June 30, the company had 6,337 shareholders, an increase of 11.55% from the previous period, with an average of 16,310 circulating shares per person, up 16.39% [2] - For the first half of 2025, the company achieved operating revenue of 285 million yuan, a year-on-year increase of 2.49%, while the net profit attributable to the parent company was -15.48 million yuan, a decrease of 56.92% year-on-year [2] Stock Performance - On September 22, the stock price of Delong Laser fell by 2.36%, trading at 41.80 yuan per share, with a total market capitalization of 4.32 billion yuan [1] - Year-to-date, the stock price has increased by 85.86%, with a 1.09% decline over the last five trading days, a 12.55% increase over the last 20 days, and a 65.87% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 8, where the net buying was -579,400 yuan [1] Dividend Information - Since its A-share listing, Delong Laser has distributed a total of 124 million yuan in dividends, with 72.25 million yuan distributed over the past three years [3]

Core Viewpoint - Dazong Laser's stock has shown significant growth this year, with a year-to-date increase of 65.67%, and the company is experiencing notable trading activity and changes in shareholder structure [1][2]. Group 1: Stock Performance - On September 19, Dazong Laser's stock price decreased by 2.06%, trading at 40.85 CNY per share, with a total transaction volume of 1.503 billion CNY and a turnover rate of 3.79% [1]. - The stock has increased by 6.57% over the last five trading days, 21.43% over the last 20 days, and 69.64% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 452 million CNY on August 11 [1]. Group 2: Financial Performance - For the first half of 2025, Dazong Laser reported a revenue of 7.613 billion CNY, representing a year-on-year growth of 19.79%, while the net profit attributable to shareholders decreased by 60.15% to 488 million CNY [2]. - Cumulative cash dividends since the company's A-share listing amount to 3.713 billion CNY, with 779 million CNY distributed over the past three years [3]. Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 165,300, with an average of 5,925 circulating shares per person, a decrease of 4.64% from the previous period [2]. - The second-largest shareholder is Hong Kong Central Clearing Limited, holding 25.3518 million shares, a decrease of 4.444 million shares from the previous period [3]. - Other notable shareholders include various ETFs, with increases in holdings for several funds, indicating a shift in institutional investment [3].

Core Points - Jepter's stock price dropped by 5.27% to 154.18 CNY per share, with a trading volume of 220 million CNY and a turnover rate of 1.45%, resulting in a total market capitalization of 14.655 billion CNY [1] - The company specializes in the research, development, production, and sales of lasers and intelligent equipment for precision testing and micro-processing related to integrated circuits and semiconductor optoelectronics [1] - The main revenue composition of the company includes lasers (53.32%), laser/optical intelligent equipment (38.19%), other main businesses (6.61%), fiber optic devices (1.81%), and others (0.07%) [1] Fund Holdings - According to data, one fund under ICBC Credit Suisse holds a significant position in Jepter, specifically the ICBC Industry Upgrade Stock A (007674), which reduced its holdings by 11,900 shares in the second quarter, now holding 16,600 shares, accounting for 2.1% of the fund's net value [2] - The estimated floating loss for the fund today is approximately 142,200 CNY [2] - The fund was established on December 25, 2019, with a latest scale of 33.6406 million CNY, and has achieved a year-to-date return of 45.55%, ranking 672 out of 4222 in its category [2] Fund Manager Performance - The fund manager, Du Yang, has a tenure of 10 years and 219 days, with the fund's total asset scale at 10.739 billion CNY, achieving a best return of 299.2% and a worst return of -37.97% during his tenure [3] - Other managers, Liu Zhanshu and Gao Jingxia, have both served for 267 days, managing assets of 5.64408 million CNY each, with their best returns at 44.65% and worst returns at 43.79% [3]

Group 1 - The core viewpoint of the news is that Huagong Technology has experienced a significant stock price increase, rising 5.02% on September 19, with a total market value of 92.48 billion yuan and a cumulative increase of 35.29% over the past seven days [1] - Huagong Technology's main business includes laser devices, laser processing equipment, holographic anti-counterfeiting products, optical components, and electronic components, with revenue composition being 49.08% from optoelectronic devices, 25.46% from sensitive components, 21.97% from laser processing equipment, 2.77% from holographic films, and 0.72% from leasing and others [1] - The stock has a trading volume of 4.767 billion yuan and a turnover rate of 5.26% as of the report [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Fangzheng Fubon has a significant holding in Huagong Technology, with the Fangzheng Fubon CSI 500 ETF reducing its holdings to 3,500 shares, representing 0.62% of the fund's net value [2] - The Fangzheng Fubon CSI 500 ETF has achieved a year-to-date return of 26.17% and a one-year return of 60.37%, ranking 1923 out of 4222 and 1588 out of 3805 respectively [2] - The fund manager, Yu Runze, has been in position for 3 years and 187 days, with the best fund return during this period being 28.32% [3]