According to the Guosheng Securities Research Report, Dazu Laser's 3C innovation+AI PCB has driven a high increase in performance, and orders from platform-based companies continue to increase. Net profit from 26Q1-Q3 was 2.177 billion yuan, up 152.19% year on year; net profit from 26Q3 to mother was 889 million yuan, up 137.03% year on year, down 4.77% month on month. The company's five major businesses, including AIPCB, consumer electronics, and lithium battery equipment, went hand in hand, and orders increased dramatically in the first half of the year. On the one hand, it benefits from the product innovation cycle of major consumer electronics customers, boosting demand for laser processing and 3D printing equipment; on the other hand, AI drives strong demand in the PCB supply chain, and the company's share of AI computing power PCB-specific equipment has increased. Due to the rapid overall growth of the company's various business segments and the high increase in order volume, superimposed on the forward-looking layout in the fields of optical fiber, liquid cooling, glass substrates, etc., it is expected to further open up space for the company's growth. The company is expected to achieve operating income of 303/409/52.1 billion yuan in 2026/2027/2028, an increase of 62%/35%/27% year on year, and net profit to mother of 30/50/7.2 billion yuan, an increase of 155%/65%/43% year on year. The company's current stock price corresponding to 2026/2027/2028 PE is 21/13/9X, respectively, maintaining a “buy” rating.

According to the Guosheng Securities Research Report, Dazu Laser's 3C innovation+AI PCB has driven a high increase in performance, and orders from platform-based companies continue to increase. Net profit from 26Q1-Q3 was 2.177 billion yuan, up 152.19% year on year; net profit from 26Q3 to mother was 889 million yuan, up 137.03% year on year, down 4.77% month on month. The company's five major businesses, including AIPCB, consumer electronics, and lithium battery equipment, went hand in hand, and orders increased dramatically in the first half of the year. On the one hand, it benefits from the product innovation cycle of major consumer electronics customers, boosting demand for laser processing and 3D printing equipment; on the other hand, AI drives strong demand in the PCB supply chain, and the company's share of AI computing power PCB-specific equipment has increased. Due to the rapid overall growth of the company's various business segments and the high increase in order volume, superimposed on the forward-looking layout in the fields of optical fiber, liquid cooling, glass substrates, etc., it is expected to further open up space for the company's growth. The company is expected to achieve operating income of 303/409/52.1 billion yuan in 2026/2027/2028, an increase of 62%/35%/27% year on year, and net profit to mother of 30/50/7.2 billion yuan, an increase of 155%/65%/43% year on year. The company's current stock price corresponding to 2026/2027/2028 PE is 21/13/9X, respectively, maintaining a “buy” rating.