根据公司公告，柏楚电子于8月25日向10名激励对象授予30万股限制性股票，预留授予价格为65.05元/ 股。2025年中期，公司实现营业收入11.03亿元，净利润6.40亿元。 资金流向方面，8月25日柏楚电子主力资金净流出333.68万元，近五日主力资金净流入1.06亿元。 风险提示：股市有风险，投资需谨慎。 柏楚电子是上海一家专注于激光切割控制系统研发的高新技术企业，主要产品包括激光切割控制系统、 智能焊接系统等。公司属于软件开发板块，入选专精特新企业名单。 柏楚电子8月25日股价收报149.50元，较前一交易日下跌0.78%。当日成交额达7.57亿元，振幅为 7.92%。 ...

柏楚电子自2019年8月8日上市至今，已迎来6周年。从上市首日收盘价为243.88元、市值243.88亿元，到如今市值达到383.59亿元。 柏楚电子的主营业务包括激光切割控制系统的研发、生产和销售。其核心产品主要分为平面解决方案和管材解决方案，从产品收入结构来看，平面解决方案 占比最高，达到64.81%，其次是管材解决方案，占比21.91%。 柏楚电子上市的2019年，当年实现归母净利润2.46亿元。截至最新完整财年的2024年，公司实现8.83亿元的归母净利润，近年累计增长了258.37%。这6年 间，柏楚电子无一年份出现亏损，归母净利润增长的年份达到5年，占比高达83.33%。 营收角度分析，柏楚电子2020年实现营收5.71亿元，2024年达到17.35亿元。公司营收规模在5年间实现了三倍增长，展现出较强的业务扩张能力。 利润角度分析，2020年柏楚电子实现归母净利润3.71亿元，2024年8.83亿元。公司盈利能力持续提升，利润规模在5年间实现翻倍增长。 从上市首日至今，柏楚电子的市值实现了0.57倍的增长。2021年8月27日，柏楚电子的市值巅峰达到540.81亿元，股价也顺应升至539.2元。而 ...

Core Viewpoint - The distribution of cash dividends among 26 listed companies in the laser industry reflects the varying survival states and performance of different segments within the industry, with 19 companies distributing cash dividends, 6 suspending them, and 1 opting for stock conversion, indicating a 23% non-dividend ratio [1] Summary by Sections Dividend Distribution - As of June 18, 2024, 26 companies in the laser industry disclosed their dividend plans, with 19 companies issuing cash dividends and 6 suspending them [1] - The top five companies by cash dividend per 10 shares are: 1. Baichu Electronics: 21.60 CNY, total 445 million CNY 2. Jiepu Technology: 4.2 CNY, total 39.82 million CNY 3. Dier Laser: 3.9 CNY, total 106 million CNY 4. Han's Laser: 3.5 CNY, total 360 million CNY 5. Huagong Technology: 2 CNY, total 200 million CNY [2][3] Company Performance - Baichu Electronics, a leader in industrial laser cutting systems, holds a 60% market share and is projected to achieve over 800 million CNY in net profit for 2024, showcasing strong profitability with a gross margin of nearly 80% and a net profit margin of 40% [4] - Dier Laser maintains over 80% market share in PERC laser ablation equipment, demonstrating stable profitability and consistent high dividends since its listing [4] - Han's Laser and Huagong Technology have both maintained over ten years of continuous dividends, reflecting their strong profitability and risk resilience [5][6] Industry Challenges - The laser industry is undergoing a deep adjustment cycle, with significant price wars in the upstream market and fluctuating demand in the midstream, leading to stark performance disparities among companies [8] - Companies like Ruike Laser are facing severe pressure from price wars, resulting in a 38.24% decline in net profit for 2024, with dividends dropping from 5 CNY per 10 shares in 2018 to 0.5 CNY in 2024 [9] - Longguang Huaxin and other companies have suspended dividends due to losses, highlighting the challenges faced by non-leading firms during industry downturns [11] Strategic Responses - Jiepu Technology has successfully differentiated itself by focusing on the MOPA pulsed fiber laser segment, achieving nearly 100% growth in dividends from 1.44 CNY in 2020 to 4.2 CNY in 2024, demonstrating effective market positioning [10] - Companies like Yifei Laser are choosing to reinvest profits into R&D rather than distribute dividends, indicating a strategic shift towards technology upgrades and sustainable growth [11] Conclusion - The disparity in dividend capabilities among laser industry companies reflects their technological barriers and sustainable business models, with those possessing strong customer relationships and unique technologies showing better resilience and profitability [12]

Core Viewpoint - The company, 柏楚电子, has demonstrated robust growth in revenue and net profit for 2024, driven by increasing domestic demand for high-power thick plate cutting and expanding international applications [1][2][3] Financial Performance - In 2024, 柏楚电子 achieved a revenue of 1.735 billion yuan, representing a year-on-year increase of 23.33%, and a net profit of 883 million yuan, up 21.10%, both reaching historical highs [1][2] - The company's asset-liability ratio stood at 6.02% at the end of 2024, indicating a strong financial position [3] - The net cash flow from operating activities reached 952 million yuan in 2024, marking a 10.63% increase year-on-year [3] Dividend Distribution - 柏楚电子 plans to distribute a cash dividend of 21.60 yuan per 10 shares, totaling 444 million yuan (including tax), and to increase its share capital by 4 shares for every 10 shares held [1][4] Product Performance - The revenue from flat solutions was 1.125 billion yuan in 2024, accounting for the largest share with an 11.83% increase; pipe solutions generated 380 million yuan, up 38.19%; and 3D solutions, although smaller in share, saw a remarkable growth of 409.90% with revenue of approximately 36.78 million yuan [3] Research and Development - In 2024, 柏楚电子 invested 281 million yuan in R&D, a 7.49% increase from the previous year, representing 16.19% of its revenue [5][6] - The company holds 185 patents and has a strong R&D team, with 43.55% of its 1,109 employees dedicated to research [6] Market Position - 柏楚电子 maintains a leading position in the domestic market for both low and high-power laser cutting control systems, with a significant market share in the mid-low power segment achieved through competitive performance and cost-effectiveness [7] - The company's gross margin and net margin have remained high, with gross margins of 78.97%, 80.02%, and 79.94% from 2022 to 2024, and net margins of 54.77%, 53.55%, and 53.70% during the same period [7] Strategic Collaborations - In November 2024, 柏楚电子 signed strategic cooperation agreements with 海目星 and 骄成超声 to enhance technology development and application in the laser cutting field [8]