Han's Laser's net profit in the third quarter decreased by 45.37% year-on-year

Recently, Han's Laser released a third quarter report, stating that the company achieved a revenue of 3.301 billion yuan in the third quarter, a year-on-year decrease of 8.96% (after adjustment); The net profit attributable to shareholders of the listed company was 209 million yuan, a year-on-year decrease of 45.37% (after adjustment).

During the reporting period, the company's operating profit, total profit, income tax expenses, net profit, net profit attributable to the parent company, and minority shareholder profit and loss fluctuated significantly compared to the same period last year due to insufficient demand from downstream customers and reduced orders.

Looking back at the first half of this year, Han's Laser achieved a total revenue of 6.086 billion yuan, a year-on-year decrease of 12.25%; The net profit attributable to shareholders of the listed company was 424 million yuan, a year-on-year decrease of 32.88%; The net profit attributable to shareholders of the listed company after deducting non recurring gains and losses was 197 million yuan, a year-on-year decrease of 67.44%.

In the first half of 2023, due to factors such as economic downturn and global inflation, the demand in the consumer electronics industry is still in a downward cycle, and equipment expenses have significantly decreased. Focusing on the innovative needs of major customers, the company continuously updates its products and processes, and introduces new products such as metal 3D printing equipment. Thanks to the increased automation demand for production lines with major customers, the sales of customized automated production lines such as the company's automated welding lines have grown significantly. The release of MR head mounted display products, a major customer in the industry, is expected to drive the consumer electronics industry into a new round of industrial innovation cycle, thereby driving the company's consumer electronics business and product orders back to growth.

During the first half of the year, in terms of lithium battery equipment business, the company continued to promote cooperation with mainstream customers in industries such as Ningde Times, China Innovation Aviation (formerly AVIC Lithium), Yiwei Lithium Energy, Xinwangda, Haichen Energy Storage, Honeycomb Energy, etc. The newly launched products such as winding machines, rolling and slitting integrated machines, and slitting and stacking integrated machines achieved small batch sales.

In the first half of the year, the demand for general industrial laser processing equipment, especially high-power laser processing equipment, has rebounded. Han's Laser further adjusted its market strategy, continuously increasing its coverage and expansion in the mid to low-end market, and steadily increasing its overall market share. The company has established factories in Changsha, Tianjin, Changzhou, Zhangjiagang, Jinan and other places to achieve nearby production, delivery, and service, and improve profitability. The company has made breakthroughs in key technologies such as thick plate cutting efficiency, special groove processing technology, and ultra-high power laser cutting technology, and has achieved breakthroughs in key industries such as steel structure and shipbuilding, forming close cooperation with leading customers in the industry. The company continues to strengthen cooperation with new energy vehicle customers and has won the bid for multiple projects such as BYD's 31 white body top cover laser brazing and chassis frame, high-strength steel battery tray automatic welding line, etc.

The current economic situation is not optimistic, and as of the end of the third quarter, the performance of top enterprises still shows a year-on-year downward trend. Previously, Wikimedia Laser interviewed numerous laser equipment companies and stated that the second half of this year is still not particularly optimistic. However, they are looking forward to a rebound in the market next year. In this challenging moment, enterprises need to respond to various uncertainties, actively seek innovative technologies and segmented fields, in order to welcome the future, and let us look forward to market recovery and economic recovery together.

Source: OFweek