编号：2025-09 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 ☑ 业绩说明会 □新闻发布会 □路演活动 □现场参观 其他 参与单位名称 线上参与"2025 年度深圳辖区上市公司集体接待日"的投资 者（以上排名不分先后） 时间 2025 年 11 月 20 日 地点 全景网"投资者关系互动平台"（https://ir.p5w.net） 上市公司接待人 员姓名 董事兼财务总监 陈文 副总经理兼董事会秘书 张勇 投资者关系活动 主要内容介绍 交流的主要问题如下： 一、 公司 2025 年净利润同比激增 2464.79%，其中新业 务（半导体、新能源）收入同比增长 54.66%。未来如何平衡 消费电子等存量业务与高增长新业务的资源分配？ 答：尊敬的投资者您好！公司新老业务均是聚焦于精密 微加工、基于固体纳秒和超快激光技术，可以很好地发挥技 术复用优势，从而带动各项业务有序发展。感谢您的关注！ 二、 公司的毛利率今年有所下滑，原因是什么 答：尊敬的投资者，您好！公司根据最新会计准则调整 了营业成本和销售费用的科目，自 2024 年 1 月 1 日起执行， 详见公司于 2025 年 4 月 25 ...

Core Viewpoint - Ruike Laser (300747) is recognized as a leading company in the Chinese laser industry, according to the "2025 China Laser Industry Key Enterprises Comprehensive Competitiveness Ranking" [1] Group 1: Company Overview - Ruike Laser is listed among key enterprises in the Chinese laser industry, which includes other notable companies such as Han's Laser (002008), Huagong Technology (000988), JPT, Lianying Laser, and Haimeixing [1] - The company holds a leading market share within the laser industry in China [1]

Core Viewpoint - The company has developed a new LD direct pumping near-base mode 10,000-watt fiber laser, which is positioned to support the laser fusion field and has applications in various industries such as automotive, new energy, 3D printing, and long-distance laser applications [1] Summary by Relevant Categories - **Product Development** - The newly developed LD direct pumping near-base mode 10,000-watt fiber laser is a significant advancement for the company [1] - **Industry Applications** - The product is applicable in multiple sectors including automotive, new energy, 3D printing, and long-distance laser applications, indicating its versatility and potential market reach [1]

11月14日，英诺激光跌2.60%，成交额2.89亿元。两融数据显示，当日英诺激光获融资买入额2656.27万 元，融资偿还5599.83万元，融资净买入-2943.56万元。截至11月14日，英诺激光融资融券余额合计2.07 亿元。 融资方面，英诺激光当日融资买入2656.27万元。当前融资余额2.07亿元，占流通市值的3.25%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，英诺激光11月14日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，英诺激光科技股份有限公司位于广东省深圳市南山区西丽街道创智云城大厦(工业区)1标段1 栋A座11层01号，成立日期2011年11月30日，上市日期2021年7月6日，公司主营业务涉及研发、生产和 销售微加工激光器和定制激光模组。主营业务收入构成为：激光器59.89%，激光模组26.86%，其他主 营10.20%，其他业务3.05%。 截至9月30日，英诺激光股东户数1.91万，较上期增加2.51%；人均流通股7967股，较上期减少2.45 ...

Group 1 - The core point of the article is the progress of the next-generation laser technology developed by Inno Laser in collaboration with the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, and other leading research institutions in China [2][3] - Inno Laser has completed the first phase objectives of the project titled "Key Technologies and Industrialization of High-Power Thin-Sheet Ultrafast Lasers" [2]

Core Insights - The company, Innolaser, announced on November 10 that it is addressing the high craftsmanship demands in industries such as consumer electronics, semiconductors, and computing power by replacing traditional mechanical processing methods with solid-state nanosecond and ultrafast laser technologies [1] Group 1: Technology and Product Development - Innolaser has developed a series of lasers and laser equipment applicable for cutting, drilling, and window opening processes [1] - The laser high-speed splitting equipment has replaced milling cutters, providing a processing method that is low-loss, high-precision, high-efficiency, and highly reliable, with mass delivery already achieved [1] - The company expects to exceed 90 million yuan in orders for the year [1] Group 2: Performance Metrics - The laser ultra-precision drilling equipment, equipped with ultrafast lasers, can achieve stable processing of micro-hole diameters ranging from 30 to 70 µm, with a drilling efficiency of up to 10,000 holes per second [1] - The initial sample results have been well received by customers [1] Group 3: Market Expansion - The laser high-speed punching equipment is capable of fulfilling drilling, splitting, and window opening needs for flexible printed circuits (FPC), and is currently undergoing process optimization and market expansion [1]

Core Insights - nLIGHT reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with sales increasing by 18.9% year-on-year to $66.74 million, surpassing analyst estimates of $63.33 million by 5.4% [1][7] - The company provided a strong revenue guidance for Q4 CY2025 at $75 million at the midpoint, which is 22.8% above analysts' expectations of $61.07 million [1][7] - nLIGHT's non-GAAP profit was $0.08 per share, significantly above the consensus estimate of $0.02, indicating strong operational performance [1][7] Company Overview - nLIGHT, founded by Scott Keeney, specializes in semiconductor and fiber lasers for industrial, aerospace & defense, and medical sectors [4] Revenue Growth - Over the last five years, nLIGHT's sales grew at a sluggish compounded annual growth rate of 2.6%, which is considered below industry standards [5] - The company's annualized revenue growth of 2.9% over the last two years aligns with its five-year trend, suggesting consistently weak demand [6] Financial Performance - Adjusted EBITDA for Q3 CY2025 was $7.11 million, significantly beating analyst estimates of $3.30 million, with a margin of 10.7% [7] - Operating margin improved to -10.9%, up from -21% in the same quarter last year, indicating operational improvements [7] - Free cash flow margin decreased to 3.7%, down from 29.6% in the same quarter last year [7] Segment Analysis - nLIGHT's revenue is primarily derived from two segments: Laser Products (71.3% of revenue) and Advanced Developments (28.7% of revenue) [8] - Laser Products revenue has averaged a decline of 4.1% year-on-year over the last two years, while Advanced Developments revenue has averaged a growth of 19.1% [8]

Core Insights - nLIGHT, Inc. reported strong financial results for Q3 2025, highlighting record revenue driven by A&D markets [1] Financial Performance - The company achieved record revenue in the third quarter, indicating robust execution and growth in its core markets [1] - Specific financial figures for revenue were not disclosed in the provided text, but the emphasis on record performance suggests significant year-over-year growth [1] Market Focus - nLIGHT specializes in high-power lasers for critical applications, including directed energy, optical sensing, and advanced manufacturing [1] - The A&D (Aerospace and Defense) markets are a key driver of the company's revenue growth, reflecting a strategic focus on these sectors [1]

Mark Gitin: Thanks, Eugene. Good morning, everyone. Third quarter revenue was at the top end of our expectations. Flat sequentially and up 11% year over year excluding divestitures. There were a number of positive factors that drove the results this quarter. Stronger demand in battery production driven by e-mobility and stationary storage supported higher sales in welding. With our adjustable mode beam laser, weld monitoring, and beam delivery solutions, we continue to win orders with some of the largest ba ...

Financial Performance - Revenue increased by 8% year-over-year to $250.8 million[3,10], or 11% excluding divestitures[3] - Adjusted EBITDA increased by 33% year-over-year to $37.0 million[3,10] - Adjusted EPS increased by 9% year-over-year to $0.35[3,10] - Gross margin was 39.5%[10] Application and Geography - Welding accounted for 37% of full year 2024 revenue[5,6], showing improvement sequentially and year-over-year[4] - Cutting accounted for 21% of full year 2024 revenue[5,6], with demand stabilizing and new laser shipments beginning[4] - North America sales improved year-over-year, driven by medical and advanced applications[9] - Asia sales increased, driven by growth in welding and additive manufacturing[9] Outlook and Balance Sheet - Q4 2025 revenue is projected to be between $230 million and $260 million[15] - Q4 2025 adjusted gross margin is expected to be between 36% and 39%[15] - The company's cash and short-term investments stand at $870 million[12]