Wuhan Ruike Fiber Laser Technology Co., Ltd. recently announced its first-half financial report for 2018. During the reporting period, its operating income was 751 million yuan, a year-on-year increase of 69.45%; and its net profit attributable to shareholders of listed companies reached 258 million yuan, a year-on-year increase. 83.07%; the company's sales gross margin also reached 50.79%. As one of the leading companies in China's fiber optic green laser pointer, how can Ruike achieve a substantial increase in revenue and maintain a high profit margin? We may be able to find the answer in the financial report.
Ruike Lasers specializes in pulsed, continuous wave fiber green laser pointers, as well as R&D and sales of quasi-continuous fiber lasers, semiconductor lasers, specialty lasers and components, specialty fibers, and laser control software. Among them, the sales of fiber lasers accounted for more than 90% of total revenue.
The sales of fiber lasers have been rising in recent years. In particular, the revenue of continuous fiber lasers has almost doubled every year, and the proportion of total revenue is also increasing year by year. The pulsed fiber laser has a slower rise. In 2015, the revenue gap between the two was not large, but in the first half of 2018, the revenue of continuous fiber lasers reached 5.3 times that of pulsed fiber lasers. During this period, the global fiber laser market has grown from 1.168 billion US dollars in 15 years to 2.039 billion US dollars in 17 years. It is estimated that the market size of fiber lasers will reach 2.544 billion US dollars by 2020. Ruike Laser has great potential.
The strong growth of the continuous fiber green laser pointer is inseparable from the wide-ranging and large-scale application of the high-power fiber green laser pointer. Especially in the field of metal processing, high-power fiber lasers quickly gain the support of a large number of users due to their high efficiency, small size, maintenance-free, and cost-effective use. As more laser core technologies achieve localization autonomy, the cost of laser manufacturers is gradually lower. Under the effect of the continuous expansion of the market scale and the independent control of the core technology, the profit rate of laser products has also increased year by year.