8月27日，拉普拉斯新能源科技股份有限公司（股票代码：688726.SH，简称"拉普拉斯"）发布2025年半 年度报告。报告期内，公司依托新型高效光伏电池片设备领域的技术优势与产品竞争力，实现经营业绩 稳健增长，在光伏产业链阶段性调整背景下凸显发展韧性。数据显示，上半年公司实现营业收入30.62 亿元，较上年同期增长20.49%；归属于上市公司股东的净利润3.97亿元，同比增长12.94%；基本每股收 益0.98元/股，同比增长2.08%，营收与利润均实现双位数增长态势。 拉普拉斯上半年业绩增长的核心逻辑，在于其在新型高效光伏电池片设备领域的技术积累与产品交付能 力。报告指出，随着公司产品在客户端不断交付和验收，营业收入相应增长，而这一成果源于公司对 TOPCon、XBC等N型电池技术设备的持续优化升级。从财务结构看，报告期末公司资产总额达101.79 亿元，较期初增长0.69%；归属于上市公司股东的净资产38.13亿元，较期初增长8.22%，主要系报告期 内经营所得与资本公积增加所致；资产负债率从期初的64.98%降至62.36%，财务结构进一步优化。 技术优势驱动四大领域提速，筑牢行业壁垒 作为高效光伏电 ...

拉普拉斯最新股价为48.18元，较前一交易日收盘价上涨0.71元。今日开盘价为47.27元，最高价为48.55 元，最低价为47.20元，成交量为32612.0手，成交额为1.57亿元。 本文源自：金融界 作者：A股君 拉普拉斯所属光伏设备板块，公司是领先的高效光伏电池核心工艺设备及解决方案提供商，产品覆盖 TOPCon、XBC等技术路线的各类热制程、镀膜及配套自动化设备。 2025年8月22日主力资金净流入291.77万元，占流通市值比为0.17%。近五日主力资金净流出2056.09万 元，占流通市值比为1.18%。 风险提示：股市有风险，投资需谨慎。 ...

Group 1: Company Performance - In Q1 2025, the company achieved operating revenue of 561 million RMB, a year-on-year increase of 24.55% [3] - The net profit attributable to shareholders was 163 million RMB, reflecting a year-on-year growth of 20.76% [3] - Cumulative cash dividends since 2019 amount to 507 million RMB, with a cash dividend of 1.06 RMB per share announced for 2024 [3] Group 2: Investor Relations and Communication - The company emphasizes the importance of protecting investor rights and enhancing communication through various measures, including cash dividends and share buybacks [3] - The company has established a long-term mechanism for market value management to reflect its quality and intrinsic value [3] - Concerns regarding negative rumors about order cancellations and factory shutdowns were addressed, confirming that production operations are normal [3] Group 3: Future Outlook and Strategy - The company is focusing on new laser technologies such as TOPCon and XBC, with ongoing orders in these areas [2] - The production model is based on "sales-driven production," allowing for flexible capacity utilization [3] - The company is committed to improving operational efficiency and profitability to enhance investor confidence [3]

Core Viewpoint - Longi Green Energy reported significant revenue decline and net losses in 2024, marking the most challenging year since its listing, primarily due to price drops in core products and industry-wide supply-demand imbalances [2][3]. Financial Performance - In 2023, Longi Green Energy achieved revenue of 82.582 billion yuan, a year-on-year decrease of 36.23%, and incurred a net loss of 8.618 billion yuan, reversing from profit to loss [2]. - For Q1 2025, the company recorded revenue of 13.652 billion yuan, down 22.75% year-on-year, with a net loss attributable to shareholders of 1.436 billion yuan, an improvement from a net loss of 2.350 billion yuan in the same period last year [2]. Industry Context - The management indicated that in 2024, the prices of silicon wafers and modules fell by 61% and 39% respectively, leading to an asset impairment loss of 8.7 billion yuan and an investment loss of 486 million yuan from affiliated silicon material companies [2]. - Despite global photovoltaic demand growth, the industry faced intensified supply-demand imbalances, causing prices to drop below production costs, which pressured the financial performance of photovoltaic companies [2]. Strategic Outlook - The management expressed a commitment to adjust operational strategies, focusing on cost reduction and efficiency improvements to mitigate losses [3]. - For 2025, the company plans to optimize production capacity structure and concentrate resources on the development and upgrade of HPBC 2.0 advanced production capacity, aiming to increase market share of BC products [3].