Core Viewpoint - The company, Di'er Laser, focuses on precision laser processing solutions, primarily for the photovoltaic industry, and is actively developing equipment for consumer electronics, new displays, and integrated circuits. Company Overview - Di'er Laser specializes in the design, research, production, and sales of precision laser processing solutions and related equipment, with a primary focus on laser processing equipment for the photovoltaic industry [4][5]. - The company has developed various advanced laser processing technologies, including laser micro-etching for back-contact solar cells, selective laser thinning for TOPCon batteries, and laser-induced sintering [5][6]. Main Products and Applications - The main products include laser equipment for photovoltaic cells, such as: - Laser micro-etching equipment for back-contact cells, which simplifies the manufacturing process and reduces costs [4]. - TOPCon battery laser selective thinning equipment, enhancing conversion efficiency and competitiveness [5]. - Laser-induced sintering equipment that addresses technical challenges in P-type silicon contacts [5]. - Laser-induced annealing equipment that improves battery efficiency and stability [5]. - Innovative laser transfer technology for non-contact surface metallization, applicable to various high-efficiency solar cells [6]. - Laser equipment for consumer electronics and new displays, such as TGV laser micro-hole equipment for glass substrates [8]. Business Model - The company adopts a self-research model for R&D, focusing on laser processing equipment technology and processes, with a strong emphasis on innovation [9][10]. - The procurement model includes centralized purchasing of raw materials to ensure operational continuity, with a focus on customized orders for high-value components [11]. - The production model is based on order-driven manufacturing, allowing for flexibility in meeting customer demands [12]. Performance Drivers - The photovoltaic industry is a strategic emerging industry supported by national policies, driving demand for advanced laser processing equipment [14]. - The rapid development and technological innovation in the photovoltaic sector are key factors driving the company's performance, with a strong focus on customer needs and technological advancements [14]. Financial Data and Shareholder Information - The company reported a cash dividend of 3.9 yuan per 10 shares for the current period, with no stock bonus [3]. - The company has undergone a change in its auditing firm to Lixin Certified Public Accountants [2]. - As of February 24, 2025, the company repurchased 1,062,460 shares, accounting for 0.39% of the total share capital [19].