According to a research report from Founder Securities, Han's Laser has demonstrated significant growth in its net profit attributable to the parent company, excluding non-recurring gains and losses. Looking ahead to 2025, the company forecasts an annual revenue of RMB 18.759 billion, marking a year-on-year increase of 27%. While the net profit attributable to the parent company is projected to decrease by 29.77% year-on-year to RMB 1.190 billion, the net profit attributable to the parent company after excluding non-recurring gains and losses is expected to surge by 82.28% year-on-year to RMB 810 million. This anticipated growth is primarily attributed to the high base effect resulting from investment gains generated by the disposal of Hans Laster in the previous year. As a frontrunner in the PCB drilling industry, Han's Laser is well-positioned to capitalize on industry structural dividends. Moreover, the company's 3D printing technology is poised to enter an expansion phase, as Apple is set to adopt this technology for the components of its iPhone foldable screens. Additionally, Han's Laser has forged deep partnerships with enterprises like CATL. Bolstered by the dual cycles of the new energy industry, customer expansion has spurred an increase in equipment demand. In light of these developments, Founder Securities has conferred a 'Recommend' rating on Han's Laser.