On April 24, Han's Laser released its 2016 annual report and a quarterly report for 2017. During the reporting period, it achieved operating income of 6.959 billion yuan, a year-on-year increase of 24.55%, and realized net profit of 754 million yuan. In 17Q1, profit increased by 31.50%, and the profit growth rate in the first half of the year is expected to be 60%-90%.
Advanced manufacturing leader
As a high-end manufacturing enterprise that provides laser processing and automation system integration equipment, Han's Laser is one of the country's first intelligent manufacturing pilot demonstration enterprises, the world's first in the production and sales of multi-type laser equipment, and the only domestic product in many technologies. In the rising industry of laser processing equipment, Han's Laser is facing the huge market demand for the transformation and upgrading of my country's traditional mechanical processing.
Innovation driven and industrial upgrading
Research institutions are optimistic that in the next 3-5 years, industrial upgrades guided by innovation and growth of emerging industries will promote the company's performance to maintain a high growth rate. The innovation of smart phone materials has led to the update of laser processing equipment, and the company's downstream customer share has increased to drive performance growth; the peak of AMOLED panel investment is approaching, the company's laser annealing and laser stripping equipment has entered domestic panel factories, and a new market of 8 billion has opened; the new energy industry is surging. The company's power lithium battery closed-loop industrial chain has been completed.
Advanced manufacturing of laser writing, Han's promotion equipment leading enterprise
Under the tide of advanced manufacturing, the advantages of laser high precision, high efficiency and high flexibility will be brought into full play. The application rate of lasers in my country is far lower than that of developed countries in the West, and there is huge demand in sheet metal manufacturing, automobile industry, and construction machinery industries. Advanced manufacturing is not only the expansion of the entire downstream laser equipment caused by the rapid increase in the number of automated production lines, but also the equipment leader is expected to enjoy a doubled increase in added value. The company's high-power laser self-made ratio has considerable room for improvement, and future profitability will rise to a higher level.
Laser technology originated in the 1960s. It was an important technological breakthrough that was equivalent to semiconductors, atomic energy, and computers in the last century. It was hailed as "the fastest knife, the most accurate ruler, and the brightest light." The United States first commercialized lasers, and then developed rapidly in developed countries such as Japan and Germany. my country's first laser was successfully developed in 1961. Today, laser processing technology has matured, and the price of equipment has become not unattainable as more companies join. Laser processing is widely used in various fields of daily life with its many advantages.
Laser processing is non-contact processing. The laser energy and moving speed can be adjusted. The non-contact characteristic means that processing does not require external force, which is suitable for precision parts and products with high appearance requirements. Because the absorption ratios of different materials to different wavelength bands of the laser light source are very different, the laser is also handy in processing metal and non-metal materials, and the damage to the surrounding structure is minimized. Compared with the traditional physical cutting and carving process, the biggest advantage of laser processing is to process materials with high hardness, high brittleness and high melting point.
The non-divergence of the laser determines the natural advantages of precision machining applications. The divergence angle of the laser beam can be <1 milliarc, the spot diameter can be as small as micrometers, and the action time can be as short as picoseconds and femtoseconds. Application of precision machinery, precision measurement and electronic products. Lasers are not only as accurate as surgical scalpels, but can also process high-strength materials drastically. The continuous output power of high-power lasers is often on the order of several kilowatts to 16 kilowatts.
Han's Laser is located in the middle of the laser processing equipment industry chain. Its main business is the R&D, manufacturing and sales of lasers and complete equipment. The company has a national key high-tech enterprise, a national innovative pilot enterprise, a national scientific and technological achievement promotion demonstration base-a key promotion demonstration enterprise, a key software enterprise in the national planning layout, a key enterprise in the equipment manufacturing industry of Guangdong Province, a famous brand product enterprise in Guangdong Province, and Shenzhen Independent innovation leading enterprises and other honors. The laser processing equipment industry in which the company is located is a key area of national policy support. Building an internationally competitive manufacturing industry is the only way for my country to enhance its overall national strength, ensure national security, and build a world power. And laser technology and manufacturing technology, as one of the important technological means of manufacturing powers, economic powers and military powers, will surely usher in accelerated growth.
Industry leader, world-class laser company
Han's is a leading company in the field of lasers in China and Asia. The company is located in Shenzhen and is one of the four major domestic laser clusters in the Pearl River Delta, the Yangtze River Delta, the Bohai Rim and Central China. The laser/optoelectronic industrial park has become an important way for manufacturing provinces to optimize the local industrial structure and accelerate the transformation of economic development mode, and has attracted the attention of local governments.
Compared with Wuhan Optics Valley, which is backed by the National Laser Laboratory and has leading technological strength, Shenzhen is the core of the domestic electronics manufacturing industry. Therefore, Han's Laser gives full play to its location advantages, seizes the trend of replacing traditional manual welding with laser welding, and connects coastal electronics manufacturing. The market accelerates the process of laser industrialization.
Laser marking equipment is Han's Laser's traditional advantageous business, and laser marking is also the current leader in industrial manufacturing marking technology. Since domestic lasers have made rapid progress and have been able to meet the requirements of industrial use of laser marking machines, the core optical components are more profitable under the replacement of imports.
Compared with domestic competitors, the company has outstanding R&D strength, a vertically integrated large-scale production model and a global sales network. The laser industry chain has strong integration capabilities, including laser marking machines, welding machines, and cutting machines. The production integration capability of industry-specific equipment is a well-deserved leading enterprise.
Looking at the world, Han's is still a first-line laser company. In 2016, only four laser companies achieved or exceeded 1 billion US dollars in revenue. They are the old champion German TRUMPF, American Coherent (Rofin), fiber laser leader IPG and Han's Laser.
Due to the difference in laser technology, the main brands of major manufacturers are different: Trumpf high-power axial fast flow CO2 lasers and disc lasers, Rofin slab lasers, IPG fiber lasers, Coherent RF excitation pulsed low- and medium-power lasers, Synrad public RF Excite continuous medium and small power lasers, axial flow CO2 lasers from PRC Company.
In the laser equipment, the laser is the core component, the technical barrier is the highest, so the profitability is the strongest. Most of the international laser giants started with laser R&D and sales, and gradually developed equipment integration and industry solutions. While revenue grew rapidly, net profit margins declined. IPG focuses on fiber lasers and has a high proportion of business, so it can obtain a higher net profit margin, while Han's is proud of all its equipment integration leaders.
