Laser machine investment strategy

　　Laser processing advantages and substitution trend is obvious, emerging application demand support performance high growth.
　　
　　New three board laser enterprise overall net profit rose more than 40%, nearly three years on the new three board into the enterprise in the field of laser after finishing, we found that the new three board laser business income and net profit of enterprise overall maintained a high-speed growth, net profit since 2014 are more than 40% of the growth, even in 2015 reached 91%, far more than the new three board machinery sector overall growth. The two core driving forces of laser processing equipment in the future are the substitution of traditional technology and the demand pull of emerging applications downstream.
　　

In 2015, the sales volume of laser cutting equipment was about 6.6 billion yuan. The sales growth mainly came from the fields of OLED panel cutting, 3D glass cutting and sapphire cutting. The sales volume of laser welding equipment is about 2.77 billion yuan. Metal frame welding, power battery welding and light weight of automobile are the strong increase of the demand for this equipment. Sales of laser marking and other laser equipment are about 11.9 billion yuan. At present, the main driving force downstream is 3C equipment marking, OLED panel production annealing, 3D printing and other fields to stimulate the demand for emerging applications of laser equipment.
　　
　　In 2016, the sales volume of laser processing equipment in China reached 25 billion yuan. According to the research, the market space of laser processing will reach 50 billion yuan in 2020. In the domestic market in 2015, laser marking, laser cutting, welding, the three main application sales accounted for 68%, compared to 2005, the laser marking equipment sales accounted for a substantial decline from 65% to 24%, emerging applications of laser cutting and welding equipment sales accounted soared from 28% to 44%, the reason is that manufacturing industry transformation and upgrading of increasing demand for emerging laser processing equipment.
　　
　　Has "emerging + substitution" attribute or judging from the trend of the industry, the leading enterprises in the emerging applications technology instead of the demand of drive laser and laser equipment to high intelligence, high power, development direction, such as reliability, low cost, high power fiber laser  marking and ultraviolet laser marking, ultrafast laser will become the mainstream of laser development; At the same time, laser processing will take the lead in bringing about continuous growth in some emerging applications, which will bring strong support to performance in OLED panel production, smartphone parts processing, power battery production, 3D printing, lidar and other representative fields.

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