Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [6]. Core Insights - The company showcased its "three-in-one" IWM lithium battery welding solution at the 15th High-tech Lithium Battery Annual Conference, emphasizing a "data-driven welding" innovation concept that aims to enhance the quality of battery manufacturing [6]. - The company is addressing industry pain points in lithium battery manufacturing, specifically in laser welding, by implementing a closed-loop system that transitions from "experience-based welding" to "data-driven welding," thereby improving production efficiency and reducing defect rates [6]. - The company is expected to experience rapid growth in its precision business due to the expansion of downstream applications in new energy sectors and continuous product integration [6]. Financial Data and Profit Forecast - The company’s total revenue is projected to grow from 1,735 million yuan in 2024 to 3,377 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 24% [5][7]. - The net profit attributable to the parent company is forecasted to increase from 883 million yuan in 2024 to 1,760 million yuan in 2027, reflecting a CAGR of around 24.3% [5][7]. - The earnings per share (EPS) is expected to rise from 4.30 yuan in 2024 to 6.10 yuan in 2027, indicating a strong growth trajectory [5][7]. - The company maintains a high gross margin, projected at around 79% for the forecast period [5]. Business Development - The company is continuously optimizing its core technologies, including CAD, CAM, and NC, while exploring new application directions to achieve high-precision multi-axis motion control [6]. - The laser cutting business is anticipated to maintain rapid growth driven by increased penetration rates, power upgrades, and overseas exports [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company showcased its "three-in-one" IWM lithium battery welding solution at the 15th High-tech Lithium Battery Annual Conference, emphasizing a "data-driven welding" innovation concept to enhance the quality of battery manufacturing [6] - The company aims to address industry pain points in lithium battery manufacturing, specifically in laser welding, by implementing a closed-loop system that transitions from "experience-based welding" to "data-driven welding," thereby improving production efficiency and reducing defect rates [8] - The company is continuously optimizing its core technologies and exploring new application directions, with expectations for rapid growth in its precision business due to the expansion of downstream applications in new energy [8] Financial Data and Profit Forecast - Total revenue projections for 2025-2027 are estimated at 21.80 billion, 27.24 billion, and 33.77 billion respectively, with year-on-year growth rates of 25.6%, 25.0%, and 24.0% [7] - The net profit attributable to the parent company is forecasted to be 11.13 billion, 14.16 billion, and 17.60 billion for 2025-2027, with corresponding year-on-year growth rates of 26.1%, 27.2%, and 24.3% [8] - The company maintains a gross margin of approximately 79% and a return on equity (ROE) projected to increase from 16.9% in 2025 to 18.0% in 2027 [7][8]

振镜焊接控制系统 具备1ms响应能力，支持6种摆动图形与2种速度规划，提供3种功率曲线独立调节功能； 数字振镜焊接模组 采用IP64防护等级，支持安全互锁，适配10kW激光器，兼容主流振镜协议，可扩展CCD视觉、OCT监测等功能模块； OCT 在线 检测系统 支持250kHz采样频率，实现对焊接过程"焊前-焊中-焊后"的全流程监测。 这一技术方案通过控制、执行与监测环节的协同配合，为锂电制造提供焊接工艺解决方案。目前，柏楚电子的激光焊接技术已在锂电行业得到应用。 随着动力电池产能规模持续扩张与产品性能要求不断提升，激光焊接环节的质量控制与工艺一致性已成为影响电池安全性与生产效率的关键因素。 在当前产业升级背景下，实现焊接过程的精准控制与质量可追溯，正成为锂电智能装备领域的重要发展方向。 2025（第十五届）高工锂电年会将于11月18～20日在深圳前海华侨城JW万豪酒店盛大召开。 在11月19日的专场七：工艺革新与智能制造上， 柏楚精密业务锂焊解决方案总监 毕晨炜 届时将发表主题演讲。 作为深耕工业激光控制领域的科技创新企业，柏楚电子将在年会期间展示其创新的"三位一体"IWM锂电焊接解决方案。该方案通过三大核心 ...