DR Laser(SZ:300776)2022-12-04 09:06Company Overview - Wuhan Del Laser Technology Co., Ltd. was established on April 25, 2008, focusing on precision laser processing solutions and related equipment for the photovoltaic sector [2][3]. - The company collaborates with leading global photovoltaic module manufacturers, including Jinko Solar, Trina Solar, and LONGi Green Energy, among others [3]. Product and Technology - Main products include PERC laser ablation equipment, SE laser doping equipment, MWT series laser equipment, and automated high-speed laser scribing machines [3]. - PERC laser ablation equipment can enhance the photoelectric conversion efficiency of monocrystalline cells from 20.3% to approximately 21.5% [3]. - As of the end of 2018, about 77% of the PERC process capacity and 86% of the SE process capacity among major photovoltaic manufacturers utilized the company's equipment [3]. Inventory and Growth - As of Q3 2019, the company's inventory was 759 million, primarily consisting of raw materials, work-in-progress, and finished goods [4]. - The increase in inventory is attributed to a rise in orders and the long production cycle of key raw materials like lasers and optical components [4]. Competitive Advantages - The company possesses strong R&D capabilities and a well-established talent system, enabling it to respond quickly to diverse customer needs [5]. - It maintains stable relationships with large and medium-sized solar cell manufacturers, enhancing its brand influence and product quality [5]. Capacity Utilization - In 2019, the company's capacity utilization rate was high, with some production processes outsourced to alleviate capacity constraints [6].