According to the Guoxin Securities Research Report, Dazu Laser's 2026H1 performance increased rapidly, and revenue volume combined with improved profitability drove a significant release of profit flexibility. In the first half of 2026, the company achieved operating income of 13.413 billion yuan, an increase of 76.19% over the previous year; net profit to mother was 1,288 billion yuan, an increase of 163.84% over the previous year. In the second quarter of a single quarter, the company achieved operating income of 8.278 billion yuan, a year-on-year increase of 77.29%, and net profit to mother of 934 million yuan, an increase of 187.63% over the previous year, continuing the strong growth trend. Information industry equipment has become the core driving force for performance growth, and demand from multiple sectors resonates to support revenue growth. The 3D printing and optical fiber business opened up new volume, and the company's second growth curve gradually became clear. The company signed new orders of about 16 billion yuan in the first half of the year, an increase of more than 100% over the previous year. The production and sales of high-value-added AI PCB products were strong; the company's 3D printing business has established long-term in-depth cooperation with leading consumer electronics companies. Considering the growth in orders and the growth space brought about by the subsequent 3D printing business, net profit of 2026-2028 is estimated to be 26.47/41.59/5.281 billion yuan. The current stock price corresponds to PE39/25/19 times 2026-2028, giving it a “superior to market” rating for the first time.

According to the Guoxin Securities Research Report, Dazu Laser's 2026H1 performance increased rapidly, and revenue volume combined with improved profitability drove a significant release of profit flexibility. In the first half of 2026, the company achieved operating income of 13.413 billion yuan, an increase of 76.19% over the previous year; net profit to mother was 1,288 billion yuan, an increase of 163.84% over the previous year. In the second quarter of a single quarter, the company achieved operating income of 8.278 billion yuan, a year-on-year increase of 77.29%, and net profit to mother of 934 million yuan, an increase of 187.63% over the previous year, continuing the strong growth trend. Information industry equipment has become the core driving force for performance growth, and demand from multiple sectors resonates to support revenue growth. The 3D printing and optical fiber business opened up new volume, and the company's second growth curve gradually became clear. The company signed new orders of about 16 billion yuan in the first half of the year, an increase of more than 100% over the previous year. The production and sales of high-value-added AI PCB products were strong; the company's 3D printing business has established long-term in-depth cooperation with leading consumer electronics companies. Considering the growth in orders and the growth space brought about by the subsequent 3D printing business, net profit of 2026-2028 is estimated to be 26.47/41.59/5.281 billion yuan. The current stock price corresponds to 2026-2028 PE 39/25/19 times, giving it a “superior to market” rating for the first time.