Raycus' net profit in 2023 will increase by 431.95%

Raycus Laser achieved revenue of 3.6797 billion yuan and net profit of 217 million yuan in 2023, a year-on-year increase of 431.95%. The company surpassed IPG in the domestic market and became the largest fiber laser manufacturer. Raycus Laser continues to innovate, launching full-band, full-pulse width, full-power, and full-application laser products, and has made breakthroughs in high-end application markets such as automotive manufacturing and new energy.