Could you please talk about the company's overall performance this year? How do you view the current industry environment and how do you cope with the fierce market competition?

Undoubtedly, 2024 is a challenging year for the laser industry: with the pressure of the macro-economy, the laser cutting, including 10,000-watt cutting alternative plasma, which has continued to grow at a high rate in previous years, has also entered a plateau period, with weak growth. From the beginning of the year in Guangdong, Suzhou, Wuhan, part of the laser cutting equipment company's thunder, to the second half of the contraction of more laser cutting equipment companies to adjust, laser cutting industry cold wind. But the laser as a more advanced productivity, the representative of the new quality of productivity, the replacement of traditional processing methods continues: in the domestic laser cutting after the past 10 years of rapid development into the platform period, China's laser industry, the export of substitution in the overseas promotion of laser cutting to replace the traditional processing methods began to accelerate at the same time to the handheld laser welder as a representative of the laser welding applications began to enter the fast lane, the Pulling the laser industry to globalization, high-quality development.

For GW Laser, 2024 is also a year full of challenges and opportunities, but also a year full of harvest. With the joint efforts of all our partners, we have made remarkable achievements. On the one hand, the sales of our products continue to grow, and the market share continues to increase. Especially in the segments of additive manufacturing, new energy welding, handheld welding, etc., our products have won high recognition from our customers for their excellent performance and reliable quality. On the other hand, we have made significant breakthroughs in technological innovation. Through increasing investment in research and development, we have successfully launched a series of innovative products and solutions, such as “collaborative robot welding platform” for new energy automated welding, “LW series desktop handheld laser welder” for handheld welding, etc., all of which are well received by the industry. “and so on, are deeply concerned by the industry and customers.

At present, the optical laser is gradually planning the product line, is determined to build a full product line, one-stop service of the global fiber laser manufacturers. In the cutting field, new energy, handheld welding, additive manufacturing, medical industry, etc. have made a series of products and solutions to provide customers, while we are also equipped with professional pre-sales and after-sales team, exclusive service outlets, etc. the whole process of providing one-stop service for customers, and strive to do a good job of letting the customer rest assured that customers feel comfortable with the Chinese laser manufacturer.

In the face of growing market demand and accelerated frequency of technological updates, GW Laser always adhere to technological innovation, by increasing the investment in R & D team and product team, and strengthen close cooperation with various organizations and universities, for the industry and customers continue to deliver new products, new technologies. At the same time, we should never forget “quality first”, take product quality as the lifeline of the enterprise, strictly control each production link, through the establishment of a perfect quality management system, to ensure that each product can be stable and reliable operation, delivered to customers.

In your opinion,What are the future directions and trends of laser processing technology? What areas will your company lay out in the future?

We can learn from others, and Industry 5.0, which Europe has begun to promote, is worthy of our serious study and reference. At the heart of it is sustainable development: “This revolution marks a turning point from an industrial approach that focuses on efficiency and automation , to a paradigm that prioritizes collaboration between humans and machines, innovation, and harmonization with the environment.” This also means that industrial technologies, including laser processing technologies This also means that industrial technology, including laser processing technology, needs to move away from the pursuit of processing efficiency to a more energy-efficient and environmentally friendly direction of development that takes into account processing efficiency. Specifically for fiber lasers, we believe that the direction of technological development is:

1. Energy-saving, higher photoelectric efficiency laser. Optical laser has been focusing on 976nm high-efficiency pumping technology research and development and industrialization of the landing, the future will be around the technology to provide customers with high-efficiency, low-carbon and environmentally friendly fiber laser products, is currently China's 976nm high-efficiency pumping technology pioneers and leaders. Adhere to the “green development” route, to live up to the expectations of everyone on the light of the laser;

2. More reliable, improve the laser full-cycle service life and reduce the pressure on the environment from end-of-life. In the face of the huge pressure of supply chain integration, the cost of further squeezing, some companies have to “substandard”, which is obviously not worth the loss, but also the development of a regression. We hope that should be able to provide the market with both cost-effective and quality products and solutions for the benefit of laser users. Of course, light laser in this regard is also doing the best efforts, through the continuous integration of resources, in order to ensure that “quality first” in the case of continuous optimization of the supply system, so as to reduce the cost of the user.

3. The whole life cycle of the laser can be upgraded to further extend the life cycle of laser equipment more environmentally friendly. With China's rapid development in the field of energy storage batteries, new energy vehicles and other areas, the rapid development of laser processing technology, laser equipment upgrading and transformation speed is also bound to speed up. We hope that users can be updated through our later OTA service, equipped with a professional after-sales technical team, a steady stream of GW Laser the latest technology.

What new development plans and targets your company has drawn for 2023, in terms of new product development, marketing strategy, branch establishment, school-enterprise collaboration,etc?

Based on the new market opportunities and technology development direction, our next development plan is also very clear, specifically divided into the following sections:

First, improve and accelerate the product development system and technology iteration. We are committed to optimizing every aspect from the conception of product ideas to the final market launch to ensure excellence at every stage. Lightwell Laser will continue to innovate and continue to provide users with industry-leading products. Our goal is to make every research and development bring superior value to users.

Secondly, we will accelerate the overseas layout, seize the opportunity of the era of export substitution, and promote laser processing as a new quality productivity to promote global technological upgrading. And we will continue to expand the global service network to ensure that every customer in the world can get the fastest, most intimate and comprehensive pre-sales and after-sales service at any time. Thirdly, we will continue to increase the cooperation between schools and enterprises, through extensive industrial alliances and the establishment of technical standards, and promote education and training, including laser safety, so that the new quality productivity of lasers can be more safely and efficiently promote more environmentally friendly and harmonious industrial manufacturing.

Last but not least, we hope to speak out for Made in China to the world. As a Chinese enterprise that has been deeply cultivated for many years, we also hope to show the world the strength and value of Made in China through the strong product innovation ability and perfect pre-sales and after-sales service ability of Lightwell Laser. We will continue to improve the quality of our products and services, to speak out for Made in China to the world, and to become a leading brand of fiber lasers in the industry that is highly regarded.