Raycus Laser: CW lasers shipped over 6000 units in a single quarter, and sales of high-power lasers doubled year-on-year
Publish Time: 2021-08-31 Origin: dapeng
On the evening of August 26, Wuhan Ruike Fiber Laser Technology Co., Ltd. released the 2020 semi-annual report. According to the report, Raycus Laser achieved revenue of 709 million yuan in the first half of the year, a year-on-year decrease of 29.91%; net profit attributable to shareholders of listed companies was 67 million yuan, a year-on-year decrease of 69.33%.
Image source: Raycus Laser
Performance review: the performance of the second quarter rebounded rapidly, the continuous laser shipment exceeded 6000 in a single quarter
In fact, Raycus Laser has maintained rapid growth in recent years. In 2019, its revenue was 2.010 billion yuan, accounting for about 24.3% of China's fiber laser market. Revenue increased by 37.5% compared with 2018, and its market share increased by 7%. However, in 2020, the outbreak of the "new coronavirus pneumonia epidemic" has had a great negative impact on the manufacturing industry. In particular, Raycus Laser is located in Wuhan, where production has been suspended for a long time, domestic and international businesses have been severely blocked, and the performance of the first quarter has been severely affected. As a result, revenue of 135 million yuan decreased by 66.05% year-on-year, and net profit of 11 million yuan decreased by 89.06% year-on-year.
Image source: OFweek Laser Network
In the face of the epidemic, Raycus Laser actively took measures to gradually restore production capacity at the end of March, driving 25 upstream and downstream companies to resume work and production, while accelerating R&D and production work, fully expanding production capacity, improving production efficiency, and expanding sales channels. This ensures the rapid recovery of the company's revenue after the epidemic. In the second quarter, Raycus Laser's revenue was 574 million yuan, and the net profit was 0.56 billion yuan, both of which increased substantially from the previous quarter. It is worth mentioning that Raycus Laser’s orders for continuous fiber lasers exceeded 6,000 units in the second quarter, and the current situation is still in short supply. This trend is expected to continue into the second half of the year.
Technological breakthrough: New models solve homogenization competition. Sales of high-power lasers doubled year-on-year
After the epidemic, Raycus Laser increased its R&D investment. With close to two months of work stoppage in the first quarter, Raycus Laser's R&D investment in the first half of the year continued to grow, with an increase of 1.53% over the first half of 2019, reaching 46 million yuan.
After the resumption of work and production, Raycus Laser accelerated the pace of research and development, caught up with the progress of research and development, coordinated and mobilized the company's research and development team through the research and development center, activated the overall innovative thinking, improved the synergy between the research and development teams, and helped the company's products to complete system-level optimization and upgrades. Pushing domestic scarce key technologies to industrialization.
Image source: Raycus Laser
One is the successful development of a single cavity ultra-high power fiber laser with the highest 10,000 watts, the second is the successful application of high-power fiber laser shutters, and the third is the application of tunable spot technology in high-power fiber lasers. Raycus Laser launched new models of "High Power Fiber Laser with Shutter" and "High Power Fiber Laser with Adjustable Beam" in the first half Application pain points.
In the relatively mature high-power fiber laser market, the sales of Raycus laser-related products are also increasing. Under the influence of the epidemic, the sales volume of 6000W and above high-power fiber lasers increased by 100.4% compared with the same period in 2019. The company's high-power product sales The growth trend is rapid.
In addition, Raycus lasers also have outstanding performance in semiconductor products. Among them, 8,000W high-power semiconductor lasers have outstanding performance in quenching and cladding applications, which can greatly improve processing efficiency.