Core Viewpoint - Laplace New Energy Technology Co., Ltd. specializes in the research, development, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing, with a focus on advanced technologies in the solar energy sector [3][7]. Company Overview - Laplace was established on May 9, 2016, and is located in Shenzhen, Guangdong Province. It is set to be listed on October 29, 2024 [3][7]. - The company's main business revenue composition includes 94.87% from photovoltaic equipment, 4.27% from supporting products and services, 0.68% from semiconductor equipment, and 0.18% from other sources [7]. Financial Performance - For the period from January to March 2025, Laplace achieved operating revenue of 1.451 billion yuan, representing a year-on-year growth of 36.48%. The net profit attributable to the parent company was 252 million yuan, with a year-on-year increase of 44.36% [8]. Market Position and Technology - The company holds a technological first-mover advantage in the core process equipment for new high-efficiency photovoltaic cells and has established significant relationships with major downstream customers [2]. - Laplace's core process equipment has contributed to multiple world records in N-type TOPCon cell conversion efficiency in collaboration with Jinko Solar and Longi Green Energy [2]. Future Developments - The company plans to actively develop core process equipment for HJT, perovskite, and tandem cells, with ongoing projects including the development of perovskite core vacuum process equipment and new generation high-efficiency crystalline silicon battery industrialization preparation [2][3]. Shareholder Information - As of March 31, 2025, Laplace had 11,900 shareholders, with a decrease of 1.21% from the previous period. The average circulating shares per person increased by 1.22% to 2,843 shares [8]. - The top circulating shareholder is Changcheng Jiujia Innovation Growth Mixed A, holding 380,000 shares, marking it as a new shareholder [9].

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Laplace, a company in the photovoltaic equipment industry, which has a current PE ratio of 24.70 and a market capitalization of 18.256 billion yuan [1][2] - As of the latest quarterly report for Q3 2024, Laplace reported a revenue of 4.302 billion yuan, representing a year-on-year increase of 195.67%, and a net profit of 576 million yuan, with a year-on-year growth of 316.44% [1] - The company specializes in the research, production, and sales of high-performance thermal processing, coating, and automation equipment required for photovoltaic cell manufacturing [1] Group 2 - Laplace ranks 58th in terms of PE ratio within its industry, which has an average PE of 26.86 and a median PE of 25.19 [1][2] - The company has received multiple accolades, including being recognized as a national-level manufacturing single champion enterprise and a national-level specialized and innovative "little giant" [1] - A total of 108 institutions hold shares in Laplace, with a combined holding of 113,800 shares valued at 0.05 billion yuan [1]