New breakthrough, laser new technology in the standard production line!

The company combines laser and automation technology to provide automated processing equipment for leading companies in the 3C field. In 2015, the company began to enter the lithium battery industry, gradually extending from mid to early stage laser processing equipment to downstream equipment, providing customers with a complete set of solutions. In 2019, the company entered the Tesla industry chain and provided equipment for processing 4680 batteries, which was highly recognized by the company. In 2020, the company was listed on the Science and Technology Innovation Board. In 2021, the company established a photovoltaic business unit and made significant breakthroughs in technology routes such as TOPCon. In the future, the company will continue to layout emerging industries such as photovoltaics, hydrogen energy, and semiconductors, providing a complete set of processing solutions based on advanced laser technology.

The company's equity structure is stable, and its subsidiaries are parallel and orderly.

The actual controller of the company is Mr. Zhao Shengyu, currently serving as the Chairman and General Manager of Haimu Star. Along with multiple executives, he has rich experience in the optical or laser industry.

The company has invested in establishing multiple subsidiaries responsible for different businesses, among which Guangzhou Haimu Star is mainly responsible for cutting and welding equipment, Anshan Haimu Star is mainly responsible for lasers, sheet metal equipment, etc. Jiangsu Haimu Star is responsible for the production and sales of power battery related equipment, and Jiangmen Haimu Star is responsible for the production of equipment such as cell assembly and drying.

The company also established a joint venture with Evergreen Haimu Star to improve the level of intelligent manufacturing technology, invested in Haimu Core to expand its semiconductor business, and invested in Blue Ocean Robotics to expand its photovoltaic business.

1.2. Laser technology has accumulated and developed rapidly, and the fields of power batteries and general equipment continue to be deeply cultivated

The combination of laser automation and laser design production capacity are both available.

The company focuses on laser optics, control technology, and automation technology that is compatible with laser systems. In the development process, as a supplier of laser and automation equipment, the company not only mastered the process technology of combining laser and automation, but also cultivated laser design and production capabilities.

In terms of lasers, the company has successfully developed a series of laser products based on independently innovative laser resonant cavity optical design, picosecond laser energy amplification, and other technologies. Their output power, laser spot roundness, and other performance are superior to similar products in the market. All self-produced lasers are used for self-produced equipment, and the use of self-produced lasers allows for more flexible adjustment of laser processing systems based on the specific needs of customers.

In terms of laser control and process applications, embedded high-speed laser control card technology, laser coaxial visual positioning technology, and battery electrode laser cutting technology ensure the precise, efficient, and stable operation of equipment in the laser processing process.

In terms of automation technology supporting laser systems, through in-depth research in materials analysis applications, simulation analysis, control systems, and other fields, the core technologies mastered effectively ensure the organic integration of laser and automation.

The company has accumulated rich experience in the fields of laser and automation, and its main products have been developed from this.

The company's main business is currently divided into three categories, namely power battery laser and automation equipment, general laser and automation equipment, and precision laser and automation equipment for display and brittle materials.

The company's core products mainly include high-speed laser production machines, power battery assembly line products, OLED laser drilling equipment, and so on.

The company's continuously accumulated technical strength has been fully reflected in the power battery related equipment business, covering various production processes of downstream square, circular, and soft pack batteries.

In terms of power battery lasers and automation equipment, the company covers some of the production processes of square, cylindrical, and soft pack batteries. The products include high-speed laser slicing machines, battery assembly lines, cell drying lines, etc., which are applied to key processes of power battery production such as electrode slicing, cell assembly, baking and drying.

General laser and automation equipment mainly includes laser marking equipment, laser welding and automation production lines, and sheet metal laser cutting equipment, targeting industries such as consumer electronics and sheet metal processing.

Precision laser and automation equipment for display and brittle materials mainly refer to the use of picosecond and femtosecond lasers for cutting, marking, exposure, and other components with high processing accuracy requirements, such as screens, glass, ceramics, etc.

Laser cutting has the advantages of high precision, fast cutting, unrestricted cutting patterns, automatic typesetting, material saving, smooth cutting, and low processing costs, and will gradually replace traditional metal cutting process equipment.

1.3. Rapid revenue growth and high profitability

Achieve high growth rate on a high income base, and the proportion of power battery equipment has increased.

The new energy vehicle industry chain is booming, and power battery equipment is driving the company's revenue growth. The compound growth rate from 2016 to 2021 was 46.11%. In 2021, the company's operating revenue was 1.984 billion yuan, a year-on-year increase of 50.26%. The realization of high growth rate after the increase in income base is mainly due to the strong demand for downstream power battery manufacturers to expand production, driving the high demand for power battery production equipment, and the further expansion of the company's power battery laser and automation equipment business scale.

The company's operating revenue is mainly focused on power batteries and general laser equipment, with a significant increase in the proportion of lithium battery business.

From 2017 to 2020, the two major businesses of power battery laser equipment and general laser equipment accounted for over 80% of the operating revenue. In 2020, general laser and automation equipment were the main sources of revenue, accounting for 56.97%; Secondly, it is power battery equipment, accounting for 36.83%. In 2021, downstream power battery manufacturers have strong demand for expansion, and the industry has a high level of prosperity. The company has achieved a significant rebound in revenue from power battery lasers and automation equipment. The company's power battery laser equipment has sufficient orders in hand, and revenue is expected to maintain a high growth rate, becoming an important growth point for the company's performance.