Solar power EPCIPG first-quarter earnings: more than 6 kw laser sales 0. 600 million dollars

On May 5, interpublic has released a quarterly in 2020. , according to a report in the first quarter of 2020 interpublic revenue. 2. 4. 9 billion dollars, fell 21% year on year; Net income of 0. 3. 6 billion dollars, fell 34% year on year; Gross margin was 41. 3%, 6% lower than in the first quarter of 2019.

in 2020, a new type of coronary pneumonia outbreak of serious negative effects to the global economy. China is the largest application market, fiber laser is also interpublic's largest single market, the occurrence of an outbreak at a quarter in the laser industry in China's determination to keep factories and workers idle at the same time, also affects the interpublic business in China. According to statistics, in the first quarter of 2020 interpublic China market sales fell 40% year on year. As the global outbreak, the rest of the sales are affected by different degree: a 12% drop in the Japanese market, European markets fell by 15%, even sustained growth in recent years, the north American market has dropped 4% year-on-year.

referring to the Chinese market, will have to mention interpublic's biggest rival in the Chinese market & ndash; — Sharp laser. In 2019, revenue 4 interpublic Chinese market. 9. 2 billion dollars ( According to the annual report adopt exchange rate is 1:6. That is about RMB 33, 73. 1. 1 billion yuan) The same period, sharp laser on revenues of 20. 100 million yuan, The domestic market about 96%) 。 And in the first quarter of 2020, revenue 0 interpublic Chinese market. 6. 9 billion dollars ( According to a quarterly adopt exchange rate is 1:7. 09, solar panels, $4. 8. 9 billion yuan) And laser sharp families in epidemic areas, after the Spring Festival is in shutdown state, basic until the end of march to resume production in succession, so the revenue decline is bigger, is 1. 3. 5 billion yuan.

for interpublic, most rely on products is still a high power continuous wave ( 连续波) Laser. Although in the first quarter of 2020 fell 33% year-on-year, high-power continuous laser still accounts for 48% of total sales, solar panels, 1. 2 billion dollars. Among them 6 kw and above power fiber lasers (50%), about 0. 6 billion dollars.

as cutting, welding and mark the application of declining sales, interpublic materials processing business sales fell 28% year on year, accounting for 87% of total revenue; And with the application and advanced medical equipment sales growth, solar panels, interpublic sales rose 123% to other applications.

although in the first quarter of 2020 due to the outbreak led to a significant decline in revenue, but there is still a positive interpublic. In the first quarter of interpublic book-to-bill than far greater than 1. 0, which means that the large number of orders demand, interpublic when the market management environment back to normal after these requirements will be converted to real income. Of course, the current global outbreak is not yet under control, especially the Massachusetts headquarters of interpublic accumulative total to nearly 70000 the number of confirmed, the total number of confirmed has over 1. 21 million, while Western Europe, North America and other countries in the region is also not obvious improvement, for the interpublic orders positive cash increased uncertainty.

interpublic, chief executive of Valentin said: Dr Gapontsev & other; Although in late march and April, we see China orders for a rebound, but at the same time, Western Europe, North America and other Asian countries such as in the rest of the orders are still falling, China solar power network, the outlook for the global demand recovery remains unclear. Despite the recent demand uncertainty environment, solar portal, but we will continue to aim for laser welding, electric car battery processing and new product portfolio of long-term growth opportunities. ”