Jeput released its annual performance report on the evening of April 19, saying that in 2023, it will achieve operating income of 1.226 billion yuan, an increase of 4.46% over 2022, and net profit attributable to shareholders of listed companies will be 107 million yuan, an increase of 39.87% over 2022.
Affected by factors such as the general environment, weak demand, and industry involution, the performance of many laser-related listed companies is unsatisfactory. According to the annual reports released by a number of laser-related listed companies, most companies have shrunk or declined in their main revenue and net profit to varying degrees in the past year.
From this point of view, in 2023, it will not be easy for JPT to achieve "double growth" in annual revenue and net profit, and to achieve "red against the market".
01
JPT's annual revenue and net profit "double growth"
According to the performance report released by JPT, in 2023, the company will always focus on its main business and put the improvement of the company's core competitiveness and profitability in the first place. According to the actual processing needs of customers, the company develops laser products for power battery processing and real-time monitoring and real-time power compensation systems for laser processing, so as to further improve the production and processing yield of customers.
During the reporting period, the company achieved operating income of 1225.6253 million yuan, an increase of 4.46% year-on-year, mainly due to the company's product development and business expansion in the field of power battery laser processing, and the increase in revenue from lasers and laser processing systems related to power battery laser processing.
During the reporting period, the company's net profit attributable to shareholders of listed companies was 107.413 million yuan, an increase of 39.87% year-on-year, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 85.8215 million yuan, an increase of 58.20% year-on-year, mainly due to the increase in operating income, and the optimization of the company's product structure, the strategic contraction of laser products used in sheet metal cutting business with low gross profit margin, and the increase of the company's overall gross profit.
As a result, Jeput said that the company's net profit attributable to shareholders of listed companies from January to December 2023 and net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses increased significantly compared with the same period last year.
It is worth noting that in terms of photovoltaic perovskites, the second-generation perovskite die-cutting equipment independently developed by JPT has received orders from industry customers, and the product is used in the customer's perovskite 100-megawatt mass production line, and cooperates with customers to gradually improve the photoelectric conversion efficiency of their perovskite cells.
At the same time, based on the company's business cooperation with leading customers in the consumer electronics industry in photoelectric testing for many years, the company's mobile phone camera-related testing equipment developed for customers has also begun to obtain bulk orders from leading customers in the consumer electronics industry.
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Multiple factors lead to "red against the market" in 2023
Regarding the reasons for the company's revenue growth of 4.46% in 2023, JPT analysis believes that there are mainly the following three factors:
First, thanks to the company's product development and business expansion in the field of power battery laser processing, the revenue from lasers and laser processing systems related to power battery laser processing has increased;
Second, based on the gradual deepening of the company's business cooperation with customers in photoelectric detection, the company's research and development of optical testing and calibration equipment related to customers' mobile phone camera modules has increased;
Third, in the context of the overall recession of the passive components industry, the company's self-developed integrated inductor automatic processing and testing equipment still has received orders from some of the industry's leading customers.
As for the reasons for the company's net profit growth of nearly 40% in 2023, Jeput believes that there are also three reasons:
First, the company's strategy of adjusting the direction of continuous light laser business in 2022 has been effective, and the expenses related to this business will be reduced in 2023;
Second, the company continued to implement the strategic policy of reducing costs and increasing efficiency, focusing on the main business, and further controlling various expenses;
Third, the new laser products and laser/optical intelligent equipment provided by the company in power batteries, photovoltaics and optical testing use higher power laser products and newer laser/optical technology, and the profit level of new products is higher than that of traditional consumer electronics laser processing equipment.
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In the future, more competitive lasers will be developed in new fields and new applications
In fact, in 2023, JPT has achieved good results in many aspects and fields.
Jeput said that in terms of lithium battery laser processing, the company continues to pay attention to the latest trends in the lithium battery industry, and actively cooperates with customers to develop laser products required for new materials and new processes to ensure that the company's products can continue to meet customer needs;
In 2023, on the basis of domestic substitution of lasers, the company will develop a welding real-time monitoring system for its laser welding processing process for customers, including power feedback, temperature feedback, penetration monitoring and other functions, to further improve the processing yield of its welding process section and reduce production costs for customers.
In addition, the new energy hairpin motor laser welding system developed by the company, based on the self-developed laser and advanced 3D imaging technology, can more quickly locate the welding position and determine the defect situation and height gap of the sample end face, and further optimize the welding yield and welding efficiency. The product has received orders from well-known customers in the industry. In the future, the company will continue to optimize the product to provide customers with better solutions.
At the same time, the company successfully launched a prototype of a capacitor test and sorting machine for capacitor production in the first half of 2023, and continued to improve the self-made rate of core components in the second half of 2023. In the future, the capacitance test and sorter will be gradually sent to the customer's site for trial and continuous optimization of the product.
In terms of photoelectric detection, the company has obtained orders for XR-related equipment in addition to imaging distortion detectors, including customer XR equipment, lens coating defect detection equipment and laser marking equipment related to customer XR products. The company also continues to cooperate with customers to develop testing and processing equipment for their future XR products, and a number of projects are currently exclusively supplied.
In terms of perovskites, the company has obtained orders from industry customers for the company's laser die-cutting equipment in the field of photovoltaic perovskites, and the company's equipment is used in the customer's perovskite 100 MW mass production line. The company's laser die-cutting equipment in the field of photovoltaic perovskite is used for laser die-cutting and laser edge cleaning process from P1 to P4 in perovskite production.
Thanks to the company's continuous expansion in the field of new energy, the sales share of the company's medium and high-power pulsed lasers in 2023 will increase compared with 2022, and continuous light lasers will also shift from cutting applications to new energy-related laser welding applications.
Jeput said that in the future, the company will continue to invest in R&D in new fields and new applications to enhance the competitiveness of the company's laser products.
04
A number of products have been recognized by leading manufacturers such as CATL and BYD
It is reported that at present, JPT's main business is R&D, production and sales of lasers and intelligent equipment mainly used for precision testing and micromachining of integrated circuits and semiconductor optoelectronic related devices. The company is China's first commercial manufacturer of "pulse-width adjustable high-power pulsed fiber laser (MOPA pulsed fiber laser)" and a leading provider of optoelectronic precision testing and laser processing intelligent equipment.
During the reporting period, the company's main products include lasers, laser/optical intelligent equipment and optical fiber devices. The company's laser products include pulsed fiber lasers, CW fiber lasers, solid-state lasers and ultrafast lasers. The MOPA pulsed fiber laser independently developed by the company is the first to achieve mass production and sales in China, filling the technical gap in this field in China.
After years of development, the company has built technology platforms such as laser and optics, test and measurement, motion control and automation, and machine vision based on laser research and development. At present, the company has an international R&D and sales team centered in Shenzhen and Singapore, and its products and services cover many well-known customers in Asia, North America, Europe and other regions.
The company's production of various core lasers and laser/optical intelligent equipment products have been recognized by the world's leading manufacturers of consumer electronics, semiconductors, optoelectronic components and power batteries, such as Company A, Company M, Intel, Yageo, Housheng Electronics, STMicroelectronics, Shunluo Electronics, CATL, BYD, EVE Lithium Energy, FAW Fodi, etc.
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Research and development of "customized products" such as laser/optical intelligent equipment for customers
Jeput said that in 2024, the company will continue to make use of the original first-mover advantage in talent and technology, adhere to the strategy of scientific and technological innovation, continue to develop new products and technologies, increase market share, and consolidate and enhance corporate governance capabilities.
In terms of market, we will step up the layout of the sales network to ensure the market share in the laser industry. Closely follow customer needs and customize laser/optical intelligent equipment for customers.
In terms of R&D, we keep up with customer needs and develop products that can solve customer pain points for customers. At the same time, the company will continue to adhere to the path of independent innovation and strive to improve the ability of the R&D team. Accelerate the development of new products while optimizing existing products to further reduce manufacturing costs.
In the future, we will conduct research and development in the direction of higher power and ultra-fast lasers, and develop power batteries, energy storage, photovoltaics, pan-semiconductors and semiconductor industries in laser/optical intelligent equipment, as well as module testing, metal materials, brittle materials, resistors, capacitors, and inductor precision machining.
Production and quality: As a laser manufacturer, the company will continue to implement the policy of "high precision, high reliability, and high quality". First, through technological transformation and equipment upgrading, we will continuously improve the processing precision and intelligent level of products. The second is to strengthen quality control through the internal system, set up quality control measures in all key processes, and set up re-inspection links to ensure that the quality of each process is controllable. The third is to strengthen supplier management, strengthen staff training, and improve the quality awareness of all employees.
In addition, in terms of talent construction, we will strengthen the training and selection of cadres and improve their learning ability and management ability.
In the future, the company will take "customer achievement" as its core value, keep up with customer needs, and create value for customers. And a clear development plan has been formulated:
Lasers: develop in the technical direction of "high power, high brightness, multi-wavelength, and ultra-narrow pulse width", focusing on expanding pulsed fiber lasers, CW fiber lasers, solid-state lasers, semiconductor lasers and ultrafast laser products.
In terms of laser/optical intelligent equipment: Based on laser research and development, the company has built technology platforms such as laser and optics, test and measurement, motion control and automation, machine vision, etc., and on this basis, it has developed high-end laser/optical intelligent equipment, and expanded to ultra-high-precision resistor regulators, flexible and brittle material microprocessing equipment, chip testing equipment and other subdivisions.
Laser manufacturing network according to the 2023 annual report of Jeput Editor: Eleven Lang
Yangtze River Delta G60 Laser Alliance Chen Changjun reprinted!
At the same time, welcome to the 2nd Conference on the Application of Laser Intelligent Manufacturing in the Energy Storage Industry held by the Yangtze River Delta G60 Laser Alliance in Nanjing (Nanjing, April 23-25, 2024)