Core Viewpoint - Laplace (688726.SH) reported a decline in both revenue and net profit for the year 2025, attributed to a temporary supply-demand imbalance in the photovoltaic industry, despite ongoing advancements in technology and product competitiveness [1] Financial Performance - In 2025, the company achieved total operating revenue of 5.459 billion yuan, a decrease of 4.69% compared to the same period last year [1] - The net profit attributable to the parent company's owners was 612 million yuan, down 16.07% year-on-year [1] Industry Context - The company is facing pressure on revenue and profit due to a phase of supply-demand imbalance in the photovoltaic industry [1] - Despite these challenges, there remains strong market demand for advanced production capacity construction, technology upgrades of existing production lines, and overseas expansion [1] Technological Advancements - The company is actively promoting technological iteration and innovation in areas such as TOPCon, XBC, perovskite, and tandem solar cells to enhance product competitiveness [1] - Ongoing research and application in fields such as magnetron sputtering physical vapor deposition platforms, atomic layer edge passivation deposition (EPD) equipment, core vacuum processes for perovskite, laser equipment, and new metallization equipment are being prioritized [1] R&D Investment - Research and development expenses have increased compared to the previous year, reflecting the company's commitment to advancing technology in the semiconductor equipment sector, particularly for discrete devices and integrated circuits [1]

智通财经APP讯，拉普拉斯(688726.SH)发布2025年度业绩快报，2025年，公司实现营业总收入54.59亿 元，较上年同期减少4.69%;归属于母公司所有者的净利润6.12亿元，较上年同期减少16.07%。 2025年，公司稳步推进产品在客户端实现交付和验收，但在光伏产业链阶段性供需失衡的背景下，公司 营业收入和利润阶段性承压。同时，具备技术竞争力的先进产能建设、存量产线技术升级、海外扩产等 市场需求仍然强劲，公司持续积极推进技术迭代与创新，在TOPCon、XBC、钙钛矿及叠层电池领域持 续提升产品的市场竞争力，通过不断优化和迭代产品助力客户降本增效，并持续推动对磁控溅射物理气 相沉积平台、原子层边缘钝化沉积(EPD)设备、钙钛矿核心真空工艺设备、激光设备、新型金属化设备 等领域的研究与应用。在半导体设备领域，公司积极开展分立器件和集成电路领域所需设备的开发，努 力实现在集成电路领域的突破。综上，报告期内研发费用较上年同期有所增长。 ...