Han's Laser(SZ:002008)2022-12-08 08:28Company Overview - Shenzhen Dazhong Laser Technology Co., Ltd. was established in 1996 and went public in 2004, raising 240 million RMB through its IPO [1] - The company initially focused on laser applications, which were primarily in the research phase within national laboratories [1] Development Stages - The company's development can be divided into two phases: - Phase 1 (1996-2008): Focused on cultivating the laser equipment market, achieving significant sales with laser marking machines, which held a global market share of 70%-80% [3] - Phase 2 (2008-Present): Post-global financial crisis, the company underwent reforms, shifting focus from traditional sectors to high-end fields like consumer electronics [3] Financial Growth - Initial funding of 400,000 RMB came from customer deposits [3] - The company has raised a total of 1.3 billion RMB through two additional rounds of financing [3] Market Position - The company primarily sells domestically, with an export ratio of approximately 10%-20% [3] - Dazhong Laser is not in competition with IPG, which is a supplier of optical sources and the company's largest customer [3] Equipment and Technology - Most consumer electronics clients require equipment upgrades due to changes in materials, functions, and designs, necessitating customized laser equipment [3] - The future demand for laser equipment is influenced by new processes, materials, and industrial design trends in consumer electronics [3] Advantages of Laser Technology - Laser processing offers high efficiency and precision, particularly in micro-processing applications, which are increasingly important in the lightweight and compact consumer electronics market [3] - Laser technology is flexible and personalized, with no consumables required, making it a safer and more environmentally friendly option compared to traditional inkjet printing in sectors like food and pharmaceuticals [3]