Changjiang Business Daily News Changjiang Business Daily reporter Xu Jingli
Yifei Laser (.SH) issued an announcement on the evening of April 1 that the company plans to jointly invest in the establishment of Hubei Wuyi Technology with an investment company under the Wuhan Institute of Industrial Innovation and Development (hereinafter referred to as "Wu Chuang Academy"). The registered capital of the joint venture is 40 million yuan, and both parties hold 50% of the shares.
This investment aims to utilize the advantageous resources of all parties to promote the development of emerging technologies and equipment in the fields of laser and flexible intelligent manufacturing around the cutting-edge technology of intelligent manufacturing.
Deepen cooperation with Wuchuang Institute
Yifei Laser is a provider of intelligent laser equipment and innovative process solutions. It can provide intelligent equipment and smart logistics equipment and systems for new energy batteries, household appliances, kitchens and bathrooms, prefabricated buildings, automotive parts and other fields, among which lithium battery equipment accounts for a high proportion of revenue. On July 28, 2023, the company landed on the Shanghai Stock Exchange Science and Technology Innovation Board.
The latest announcement shows that Yifei Laser plans to establish a joint venture with Wuchuangyuan's wholly-owned subsidiary (hereinafter referred to as "Wuchuangyuan Investment") (the final name shall be subject to the name approved by the company registration department, hereinafter referred to as "Joint Venture"). The joint venture company plans to subscribe to RMB 40 million, of which Yifei Laser plans to subscribe to capital of RMB 20 million, accounting for 50% of the total registered capital; Wuchuangyuan Investment plans to subscribe to capital of RMB 20 million, accounting for 50% of the total registered capital.
The partner Wuchuang Academy is a new R&D institution focused on building by Hubei Province and Wuhan City. It focuses on advantageous industries such as optoelectronic information, life and health, high-end equipment manufacturing, and links innovative resources such as domestic and foreign universities, research institutes, industry leading enterprises, and leading investment institutions to explore, select and support scientific and technological achievements transformation projects, and build a continuous boosting incubation mechanism of "early allocation and transfer + medium-term venture capital + mature industrial capital intervention", which will help promote the precise matching and efficient implementation of university R&D results with the needs of enterprises.
Yifei Laser and Wuchuang Institute have officially established a strategic cooperative relationship in July 2023. The two parties intend to further deepen cooperation through the establishment of a joint venture and other means, make full use of the advantageous resources of all parties, focus on the layout of emerging technologies and emerging equipment in the fields of laser and flexible intelligent manufacturing, incubate and accelerate the development of emerging industries in new quality productivity, and empower the future development of new business between the two parties.
32.22 million yuan has been spent on repurchase
On the same day, Yifei Laser also disclosed the progress of the repurchase. As of March 31, 2025, the company has repurchased 810,000 shares, accounting for 0.85% of the total share capital, with a total repurchase funds of 32.22 million yuan, and a repurchase price range of 38.15 yuan/share to 44.8 yuan/share.
At the end of February this year, Yifei Laser issued an announcement stating that the company plans to complete the share repurchase plan from February 27, 2025 to February 23, 2026. The repurchase price will not exceed RMB 56.17 per share, and the total repurchase amount will not exceed RMB 100 million. This repurchase is Yifei Laser's second phase repurchase of shares, which is intended to be used for equity incentives/employee stock ownership plans, cancellation and reduction of registered capital.
During the interaction with investors in early March, Yifei Laser revealed that the company expects to achieve operating income of 875 million yuan in 2024, a year-on-year increase of 25.49%. The revenue growth is mainly due to the company's forward-looking layout of emerging tracks such as cylindrical all-pole ear batteries. The cylindrical all-pole ear battery series equipment has begun to be fully mass-produced and shipped, and a variety of new equipment such as solid-state batteries, sodium ion batteries, battery cell structural parts have been put on the market one after another. At the same time, through the efforts of multiple parties, the company has achieved continuous and rapid growth in operating income and new orders under the relatively severe market situation.
In terms of overseas layout, in 2024, Yifei Laser has achieved equipment sales in many overseas countries and regions, and the mass production line of cylindrical all-pole ear battery is delivered to overseas customers. The company will further increase its efforts to expand overseas markets and actively expand overseas industrial partners, quickly improve the construction of global marketing and service systems through localized cooperation, and practice a new path from overseas equipment to globalization.
