Wuhan Raycus Fiber Laser Technologies Co., Ltd. (hereinafter referred to as ”Raycus Laser” ) has completed all IPO release procedures and successfully landed on the Shenzhen Stock Exchange today, officially becoming a member of the capital market.

Gratifying growth

According to the Raycus Laser prospectus, the company's 2015, 2016, and 2017 revenues were RMB 312,966,300, RMB 522,943,100 and RMB 951,827,200 respectively. The net profit attributable to shareholders of the parent company was RMB 24,643,300, RMB 89,035,400, and 277,175,600 respectively. Revenue continued to increase demand for downstream customers and sales revenue of mid-to-high-power continuous fiber laser products maintained rapid growth. The growth of the company's revenue in the first quarter of 2018 was even more encouraging. It achieved revenue of RMB 320.85893 million, an increase of 74.59% year-on-year, and was attributable to the parent company. The net profit of shareholders was RMB 112.6912 million, an increase of 101.38% year-on-year.

Capital Market Helps Business Development

Raycus Laser landed on the capital market this time, raising a total of more than 1.2 billion yuan. After deducting issuance costs, it will be used to promote the development of the company's main business, the implementation of high-power fiber laser development and industrialization projects, and the industrialization of medium- and high-power semiconductor lasers. R&D and Application Engineering Center project.It is understood that the high-power fiber laser development and industrialization projects funded and funded by Raycus Laser will adopt a high-power fiber laser production line, a high-power fiber laser pump source production line, and a high-power fiber laser core component production line, which will solve the problem of current insufficient production capacity of high-power fiber laser of 1,000W, 2,000W, 3,000W, 4,000W, 6,000W, 10,000W and above which the company has developed. This will enhance Raycus Laser's customer support capabilities and market expansion capabilities, and open up the gap with other domestic fiber laser companies, and further consolidate Raycus Laser's leading position in the domestic fiber laser industry.

It is understood that the high-power fiber laser development and industrialization projects funded and funded by Raycus Laser will adopt a high-power fiber laser production line, a high-power fiber laser pump source production line, and a high-power fiber laser core component production line, which will solve the problem of current insufficient production capacity of high-power fiber laser of 1,000W, 2,000W, 3,000W, 4,000W, 6,000W, 10,000W and above which the company has developed. This will enhance Raycus Laser's customer support capabilities and market expansion capabilities, and open up the gap with other domestic fiber laser companies, and further consolidate Raycus Laser's leading position in the domestic fiber laser industry.