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China's leading maker of fiber lasers used for industrial cutting, welding and marking machinery.
China's leading maker of fiber lasers used for industrial cutting, welding and marking machinery.
Sells fiber lasers as a component to machine builders that fit them into cutting, welding and marking machines, so demand follows Chinese machinery makers' orders. With many machine builders buying on price, it competes through cost, and replacing foreign laser suppliers has been its route to market share.
In one line: A Chinese IPG Photonics.
Moat: narrow (scale, process know-how, cost advantage). Domestic scale and lower costs let it undercut IPG Photonics and win China's laser-cutting market.
Headquarters: Wuhan, Hubei, China · Founded: 2007 · Employees: 3,264
Size Wuhan Raycus Fiber Laser Technologies (300747.SZ) is a China Industrials company (Electrical Products) with a market value of $3.67B, the 701st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥43.89 on 6 Nov 2026.
Performance Over six months the shares gained 21.9%, against -22.6% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 18 in its peer set.
Growth Revenue grew 16.3% over the last twelve months (peer median +29.1%); the operating margin is 5.7% (peer median 9.6%).
Valuation It trades at 76.8× forward earnings against a peer median of 21.7× (2nd most expensive of 18).
Capital Return on invested capital runs 3.9 points below its cost of capital (13.2% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.90B | CN¥3.45B | CN¥3.18B | CN¥3.66B | CN¥3.18B |
| Revenue growth | — | +8% | -13% | +15% | — |
| Gross profit | CN¥1.09B | CN¥646M | CN¥599M | CN¥730M | CN¥539M |
| EBITDA | n/a | CN¥336M | CN¥323M | CN¥412M | CN¥160M |
| Net income | CN¥296M | CN¥162M | CN¥134M | CN¥217M | CN¥40.9M |
| Free cash flow | -CN¥28.6M | CN¥113M | CN¥404M | CN¥114M | -CN¥86.2M |
| Capital expenditure | CN¥198M | CN¥111M | CN¥107M | CN¥172M | CN¥374M |
| Total debt | CN¥359M | CN¥904M | CN¥1.09B | CN¥1.37B | CN¥1.14B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | $3.67B | +22% | +16% | 6% | 76.8× | n/a |
| IPG Photonics IPGP | $2.78B | -38% | +15% | 5% | 32.8× | 24.8% |
| Han's Laser Technology Industry 002008.SZ | $7.97B | -48% | +59% | 12% | 19.1× | 19.6% |
| Henan Yicheng New Energy 300080.SZ | $1.05B | -17% | -13% | -21% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300747.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +25.2% | -11.3% | 2nd highest of 21 |
| 6-month return | +21.9% | -22.6% | 2nd highest of 18 |
| Distance from 52-week high | -26.2% | -42.3% | 5th highest of 21 |
| Revenue growth (TTM) | +16.3% | +29.1% | 7th lowest of 20 |
| Operating margin | 5.7% | 9.6% | 5th lowest of 21 |
| Forward P/E | 76.8× | 21.7× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -3.9 pp | +0.5 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wuhan Raycus Fiber Laser Technologies 300747.SZ | China | $3.67B | +22% | +16% | 6% | 76.8× | n/a | n/a |
| Shanghai Moons Electrical 603728.SS | China | $3.66B | -1% | +22% | 4% | 183.9× | n/a | n/a |
| Dajin Heavy Industry 002487.SZ | China | $3.71B | -60% | -2% | 19% | 19.6× | n/a | n/a |
| Hainan Jinpan Smart Technology 688676.SS | China | $3.75B | -38% | +12% | 10% | 29.4× | 28.5% | +24.7% |
| CALB 3931.HK | Hong Kong | $3.57B | -59% | +80% | 7% | 8.1× | n/a | n/a |
| LS 006260.KS | South Korea | $3.51B | -62% | +30% | 4% | 8.0× | n/a | n/a |
| Sany Renewable Energy 688349.SS | China | $3.50B | -22% | +30% | 2% | 21.7× | n/a | n/a |
| XJ Electric 000400.SZ | China | $3.86B | 0% | -8% | 6% | 23.5× | n/a | n/a |
| Dhoot Transmission DHOOTTRANS.NS | India | $3.46B | n/a | +31% | 13% | 52.6× | n/a | n/a |
| Guangzhou Great Power Energy & Technology 300438.SZ | China | $3.90B | -50% | +125% | 7% | 11.7× | 9.7% | +26.8% |
| Luoyang Bearing 301699.SZ | China | $3.45B | n/a | +29% | 11% | n/a | n/a | n/a |
| Shenzhen Hfc 301716.SZ | China | $3.93B | n/a | +114% | 44% | n/a | 45.3% | n/a |
| Beijing Sifang Automation 601126.SS | China | $3.94B | -44% | +9% | 9% | 27.8× | 25.3% | +16.3% |
| Gaon Cable 000500.KS | South Korea | $3.97B | +50% | +32% | 3% | n/a | n/a | n/a |
| State Grid Yingda 600517.SS | China | $4.01B | -21% | +8% | 22% | 10.2× | -18.5% | +8.1% |
| Taiyo 4626.T | Japan | $3.36B | -5% | +18% | 25% | 17.0× | 5.0% | +11.2% |
| T&S Communications 300570.SZ | China | $3.36B | -25% | +40% | 18% | 47.3× | 43.8% | +21.8% |
| KEI Industries KEI.NS | India | $4.03B | -22% | +25% | 10% | 33.9× | n/a | n/a |
| Harbin Electric 1133.HK | Hong Kong | $3.27B | -54% | +13% | 7% | 6.2× | n/a | n/a |
| Ugreen 301606.SZ | China | $4.13B | -23% | +50% | 9% | 25.4× | n/a | n/a |
| Rosebank Industries ROSE.L | United Kingdom | $4.15B | -12% | n/a | 13% | 18.8× | n/a | n/a |