Htpow, a leading US manufacturer of high-power semiconductor lasers and fiber optic green laser pointers, said that it has benefited from strong demand in the Chinese market and its sales have grown significantly.
In the three months ended June 30, the south point bowling las vegas nv fiber laser company in Vancouver, Washington, USA had a net profit of $4.7 million, and sales increased nearly 50% year-on-year to $51.7 million.
For this substantial increase in sales, htpow CEO highlighted the good performance of the Chinese market, pointing out: “China's industrial and micro-processing business was particularly strong this quarter, with a year-on-year growth of nearly 60%.”
The growth momentum of htpow's key market in China seems to be in stark contrast to the slowdown in revenues announced by market leaders of high-power fiber green laser pointer. The uncertain outlook for IPG caused its share price to fall by 27% and also caused nLight's valuation to shrink by more than one-fifth.
In a conference call with investors, he said: "We are currently benefiting from the growing demand for green laser pointer and the development of new and existing customers. The demand for China's industrial and micro-processing terminal market is also very strong. With the development of a series of strategic user relationships in China, our performance has made a leap in the Chinese market."