DR Laser(SZ:300776)2022-12-03 10:22Company Overview - Wuhan Dier 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 major global photovoltaic module manufacturers, including Jinko Solar, Trina Solar, JA Solar, Longi Green Energy, and Hanwha Q CELLS [3]. Product Offerings - 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 production capacity and 86% of the SE production capacity among major photovoltaic manufacturers utilized the company's equipment [3]. Financial Insights - For a 1GW solar cell production line, approximately 5-10 PERC laser ablation devices and 5-8 SE laser devices are required, representing about 8%-10% of the total investment [4]. - The company typically collects a prepayment of around 30%-60% from customers based on their industry standing and purchasing history [4]. Supply Chain and Costs - The majority of laser equipment is imported, with potential impacts from US-China trade tensions leading to slight cost increases [5]. - The company is exploring domestic laser suppliers and has noted improvements in the performance of domestic lasers [5]. - As sales revenue increases, after-sales costs are also rising, but the proportion of after-sales costs to sales revenue remains stable [6]. Material Sourcing - All raw materials for equipment, including mechanical, optical, electrical, and software components, are currently sourced externally [6].