大族激光 （002008.SZ）全球化布局提速。 拟投1.5亿美元布局东南亚 面对全球制造业供应链重构，大族激光主动出击，将东南亚作为全球化关键支点。 2月24日，大族激光发布公告称，公司拟以自筹资金投资1.5亿美元，在东南亚地区设立海外运营中心， 项目实施周期不超过36个月，此举旨在抢抓全球供应链多元化机遇，进一步拓宽海外市场版图，提升国 际市场竞争力。 大族激光表示，本次海外运营中心定位海外业务拓展与客户服务枢纽，通过优化全球资源配置、提升市 场响应效率，深度绑定海外大客户，抢占电子制造、PCB、 新能源 等领域转移红利。项目不构成关联 交易与重大资产重组，对现有主业无重大影响，但将为长期增长注入强劲动力。 当前，东南亚成为电子与PCB产业核心承接地，泰国、越南等地项目密集落地，激光加工设备需求持续 攀升。公司在调研中透露，正快速扩充海外研发、销售团队，同步跟进欧美 半导体 产业链重构机遇。 稳健业绩为海外扩张提供坚实支撑。2025年第三季度，大族激光实现营业收入51亿元，同比增长 35.14%；归母净利润3.75亿元，同比大增86.51%。下游需求复苏带动公司经营持续改善。 2月24日，激光装备龙头企业 ...

Group 1 - The core viewpoint of the report is that Dazhong Laser plans to invest $150 million to establish an overseas operation center in Southeast Asia, which is expected to enhance the company's ability to seize overseas market opportunities and meet customer demands [1] - The investment is anticipated to improve resource allocation and operational efficiency, accelerating the company's overseas business expansion and increasing its influence and competitiveness in the international market [1] - By 2026, multiple business segments are expected to benefit from AI and cyclical recovery, leading to an upward revision of the 2026 net profit forecast by 24% to 2.3 billion yuan, with an initial introduction of the 2027 net profit forecast at 3.1 billion yuan [1] Group 2 - The current stock price corresponds to a price-to-earnings ratio of 26 times for 2026 and 19 times for 2027 [1] - The rating of "outperform the industry" is maintained, and the target price is raised by 45.8% to 70.00 yuan, reflecting a price-to-earnings ratio of 31 times for 2026 and 23 times for 2027, indicating a 19% upside potential from the current stock price [1]

大族激光公告称，公司第八届董事会第十四次会议审议通过《关于设立海外运营中心的议案》，计划在 海外投资设立运营中心。为拓展海外业务、满足客户需求，拟投资1.5亿美元在东南亚设立海外运营中 心。本次对外投资无需提交股东会审议，不构成关联交易和重大资产重组。具体内容详见相关公告。 ...

Core Viewpoint - The company is actively expanding its overseas R&D and sales teams to capitalize on the diversification of manufacturing supply chains, particularly in Southeast Asia, where equipment demand is significantly increasing [1] Group 1: Market Trends - The manufacturing supply chain is showing a trend towards diversification, with a notable increase in equipment demand in Southeast Asia [1] - The company is aligning its strategies with major clients to seize market opportunities arising from this supply chain diversification [1] Group 2: Product Development - The company has developed a comprehensive intelligent welding product system to meet the diverse welding process requirements across various industries [1] - New product offerings include laser welding machines for heat exchangers, 3D five-axis laser welding machines, gantry laser welding machines, mobile gantry laser welding machines, ground rail-mounted welding robots, and gantry inverted welding robots [1] Group 3: Industry Applications - The company is focusing on key manufacturing demands in sectors such as aerospace, nuclear energy, rail transportation, power generation, shipbuilding, steel structures, and construction machinery [1] - It has provided specialized welding technology support to numerous industry clients, aiding them in quality improvement, efficiency enhancement, and smart manufacturing upgrades [1]

Core Insights - Bodor Laser held its Annual Awards Ceremony and Year Kickoff event at its new global headquarters, Dream Park, focusing on achievements from 2025 and future development plans [1] - The company emphasized its commitment to innovation and sustainable growth, marking 18 years of expansion and investment in advanced manufacturing [2] Company Performance - In 2025, Bodor Laser surpassed its annual objectives and ranked No. 1 globally in sales volume of fiber laser cutting machines (1,000W and above) for the sixth consecutive year [4] - Over 10,000 machines were delivered from the DreamSpace Super Factory, enhancing production capacity and operational efficiency [4] Strategic Developments - Key milestones included the establishment of a South China headquarters in Shenzhen, expansion of product portfolios, and the launch of large-scale AI initiatives [5] - The company aims to achieve a revenue target of RMB 4.6 billion in 2026, focusing on consolidating global sales leadership and enhancing innovation systems [6] Employee Recognition - The event recognized nearly 300 employees across 19 award categories, with 27 employees honored for 10 years of service [7]

Group 1: Investor Relations Activities - The company engaged in various investor relations activities, including specific object research and analyst meetings, from January 6, 2026, to February 11, 2026 [2] - Notable participants included Morgan Stanley, Southern Fund, and Huatai Securities, among others, with multiple meetings scheduled throughout January and early February [2] Group 2: Subsidiary Listing and Market Opportunities - The subsidiary, Dazhu CNC, was successfully listed on the Hong Kong Stock Exchange on February 6, 2026, with a total subscription amount of approximately $1 billion from notable cornerstone investors [3] - The PCB industry is projected to grow, with revenue and output expected to increase by 15.4% and 9.1% respectively by 2025, driven by demand for AI servers and switches [3] Group 3: 3D Printing and Welding Equipment - The company is focusing on 3D printing technology for consumer electronics, particularly titanium alloy structural components, which is expected to become a new growth point due to increasing industry demand [3] - A comprehensive intelligent welding product system has been developed to meet diverse industry requirements, providing specialized welding technology support to various sectors including aerospace and energy [3] Group 4: General Industrial Laser Processing Equipment - The company emphasizes research and innovation to optimize products in response to market demands, leading to an increase in market share for high-power laser cutting equipment [4] - The company is expanding its overseas research, production, and sales teams to capitalize on the growing equipment demand in Southeast Asia, reflecting a trend towards diversified manufacturing supply chains [4]

Group 1 - The core viewpoint of the article highlights that Dazhong Laser (002008) has secured multiple significant projects in the display panel industry, indicating strong recognition of its technological capabilities by major clients like BOE and TCL Huaxing [1] - The demand for AI-driven high multilayer PCB equipment, semiconductor, and display panel equipment is showing signs of recovery [1] Group 2 - In terms of financial performance, the company's revenue for the first three quarters of 2025 increased by 25.51% year-on-year, while the net profit attributable to shareholders decreased by 39.46%, primarily due to non-recurring gains and losses; however, the net profit excluding non-recurring items grew by 51.46%, indicating improved profitability in core operations [2] Group 3 - As of February 13, 2026, the company's stock price closed at 54.50 yuan, showing a recent upward trend with a daily increase of 2.62% and a 5-day increase of 13.42% [3] Group 4 - From a technical perspective, as of February 13, 2026, the stock price has surpassed the 20-day moving average of 50.16 yuan, with the 60-day moving average at 43.08 yuan; the current price is near the upper Bollinger Band of 54.29 yuan, indicating a need to monitor volume and previous resistance levels [4] Group 5 - Institutional target prices average around 71.40 yuan, although market sentiment and macroeconomic fluctuations may impact stock prices [5]

Group 1 - The company, Lianying Laser (688518.SH), is applying its years of experience in laser technology and automation capabilities to the semiconductor and photovoltaic sectors [1] - The semiconductor subsidiary has developed products such as die bonders, pick-and-place machines, and laser scribing machines, targeting industries like optical communication and IGBT [1] - The photovoltaic subsidiary has developed products including perovskite laser scribing machines [1]

格隆汇2月3日丨锐科激光(300747.SZ)在互动平台表示，公司产品可运用于航天相关增材制造、结构件 加工等环节，为航天制造相关场景提供激光技术解决方案。 ...

Core Viewpoint - The company has successfully transitioned from a single downstream sector to multiple application scenarios since its listing, contributing to revenue growth through both new and existing business collaborations [1] Group 1: Business Development - Since 2023, various fields have started to contribute to the company's revenue increment, enhancing overall performance [1] - The company's PCB (Printed Circuit Board) business has shown significant growth, particularly since 2025, with nearly 90 million yuan in orders for PCB forming equipment [1] - The company has also received its first order for ultra-fast laser drilling equipment, indicating expansion in its product offerings [1]