Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS) Bundle
From its roots in April 2008 to a debut on the Shanghai STAR Market on September 9, 2020 (688559), Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. has grown into a national high‑tech maker of laser cutting, welding and surface‑treatment systems-boasting over 1,000 patents, production bases in Shenzhen, Jiangmen, Changzhou and Chengdu, and strategic clients such as Apple, Huawei, Tesla and CATL; the company reported 4.52 billion yuan in revenue for 2023 (a 5.82% decline year‑on‑year) while maintaining a photovoltaic gross margin of 35.4% and PV revenue of 149 million yuan, and by December 12, 2025 carried a market capitalization near 10.82 billion yuan with a trailing P/E of 31.48 (July 1, 2025); holding roughly a 10% domestic market share by 2022 and exporting to more than 50 countries (exports ≈35% of 2022 sales), Hymson monetizes through sales of core laser components, intelligent automation equipment and turnkey production lines, reinforced by a 2,643,078‑share restricted stock incentive (≈1.0668% of capital at a 21.91 yuan grant price), major technological milestones like a 5-11 μm >1 W tunable femtosecond laser and a Topcon SE laser order exceeding 300 GW, and product roadmaps that include high‑speed marking/drilling equipment and turret assembly lines (H2 2024) plus plans to pursue Class II/III medical device licenses within 3-5 years to broaden market reach.
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): Intro
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS) is a national high-tech enterprise founded in April 2008, focused on integrated laser and automation solutions for industrial manufacturing across multiple high-growth sectors.- Founded: April 2008
- IPO: Listed on Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market) on September 9, 2020 - stock code 688559
- R&D footprint: Over 1,000 patents
- 2023 revenue: ¥4.52 billion (down 5.82% year-over-year)
| Attribute | Data |
|---|---|
| Company type | Public (STAR Market, SSE) |
| Founded | April 2008 |
| IPO date | September 9, 2020 |
| Stock code | 688559.SS |
| 2023 Revenue | ¥4.52 billion |
| Revenue change (2023 vs 2022) | -5.82% |
| Patents | Over 1,000 |
| Production bases | Shenzhen, Jiangmen, Changzhou, Chengdu |
| Core markets / industries | Lithium batteries, photovoltaics, new displays, 3C electronics, sheet metal processing |
History
- 2008: Company founded in Shenzhen to develop laser and automation technologies for industrial applications.
- 2010s: Expanded product lines from basic laser cutting to welding, surface treatment and automated production lines targeting emerging high-tech industries.
- Establishment of multiple production bases to scale manufacturing capacity and regional service coverage.
- 2020: IPO on STAR Market (688559) to accelerate R&D and capacity expansion.
- By 2023: Achieved >1,000 patents and ¥4.52 billion in revenue.
Ownership
- Publicly listed entity on the Shanghai STAR Market (688559.SS).
- Ownership comprised of institutional investors, retail shareholders and company insiders consistent with a STAR-listed high-tech enterprise (specific shareholdings disclosed in official filings).
Mission
- Provide advanced laser and automation solutions that improve manufacturing precision, efficiency and yield for high-tech industries.
- Drive industrial upgrading through continuous R&D and patented technologies.
- Support customers across battery, PV, display, 3C and metal processing sectors with end-to-end equipment and integration services.
How It Works
- Product portfolio centers on laser systems (cutting, welding, surface treatment) plus automated production lines and process integration.
- R&D-led product development: over 1,000 patents underpin proprietary laser sources, motion control, process monitoring and automation software.
- Manufacturing: multiple bases (Shenzhen, Jiangmen, Changzhou, Chengdu) enable modular production, testing and rapid delivery.
- Service model: equipment sales combined with systems integration, commissioning, after-sales service and recurring maintenance/support contracts.
How It Makes Money
- Primary revenue from sale of laser equipment and integrated automation systems for cutting, welding, and surface treatment.
- Turnkey systems and lines for sectors such as lithium batteries and photovoltaics command higher contract values and installation services.
- After-sales services, spare parts, upgrades and service contracts provide recurring revenue and margin stability.
- Customization and high-value R&D-driven modules (patented technologies) support premium pricing and differentiation.
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): History
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (stock code 688559) traces its origins to Hymson Laser Technology Group Co., Ltd., evolving from specialized laser component and equipment R&D into a listed manufacturer focused on intelligent laser processing systems for electronics, automotive, and precision manufacturing sectors. The company has expanded through vertical integration of optical modules, laser sources, motion control and software to offer turnkey laser processing solutions.- Listed on the Shanghai Stock Exchange (688559.SS).
- Market capitalization: ~10.82 billion yuan (as of 12 Dec 2025).
- Trailing P/E: 31.48 (as of 1 Jul 2025).
- Shareholder mix: diversified institutional and individual investor base.
- Implemented a restricted stock incentive: 2,643,078 shares to 295 recipients (~1.0668% of total share capital) at a grant price of 21.91 yuan/share, funded via employee salaries and self-raised funds.
| Metric | Value | Reference Date |
|---|---|---|
| Stock Code | 688559.SS | - |
| Market Capitalization | 10.82 billion yuan | 12 Dec 2025 |
| Trailing P/E | 31.48 | 1 Jul 2025 |
| Restricted Stock Granted | 2,643,078 shares | Grant announcement |
| Restricted Stock Recipients | 295 people | Grant announcement |
| Restricted Stock % of Share Capital | 1.0668% | Grant announcement |
| Restricted Stock Grant Price | 21.91 yuan/share | Grant announcement |
- Product sales: laser processing equipment (marking, cutting, welding, micromachining) and optical modules sold to OEMs and system integrators.
- System integration and customization: turnkey solutions combining hardware, motion control and proprietary software for high-value manufacturing lines.
- After-sales services: maintenance, upgrades, spare parts and consumables generating recurring revenue.
- R&D-driven product upgrades: investing in new laser sources and control algorithms to command premium pricing and higher margins.
- Publicly traded governance with institutional investor participation supports liquidity and access to capital markets.
- Equity incentives (restricted stock) align management and key personnel with shareholder value creation.
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): Ownership Structure
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS) positions itself around a clear mission and value set that drives product strategy, customer engagement and talent management.- Mission: 'Change the world's equipment pattern and promote the progress of human intelligence' - aiming to become the world's leading industrial laser and automation intelligence brand.
- Vision: Change the global equipment manufacturing landscape and promote manufacturing advancement for humanity.
- Customer orientation: Commitment to excellence and tailor-made services to build win‑win partnerships.
- People and culture: Emphasis on solidarity, mutual trust, responsibility-taking, inclusiveness and ability‑based talent policies grounded in integrity and gratefulness.
- Corporate culture pillars: 'Better', 'Higher', and 'Stauncher' - continuous improvement, higher standards and unwavering commitment.
| Item | Details |
|---|---|
| Stock code | 688559.SS (Shanghai STAR Market) |
| IPO date (STAR) | 2020 |
| Major shareholders (latest disclosed) | Founders & management, strategic institutional investors, and public float (A‑share holders) |
| Public float (approx.) | Majority of circulating shares listed on SSE - public float dynamic due to institutional holdings and strategic stakes |
| Board composition | Executive directors, independent directors, supervisory committee per SSE governance rules |
- Primary products: industrial laser processing equipment, automation systems and integrated solutions for manufacturing (metal cutting/welding/processing lines).
- Revenue streams: equipment sales, after‑sales service & consumables, system integration and project contracting, recurring maintenance contracts.
- Customer base: domestic and international manufacturers across automotive, electronics, aerospace, and general machinery sectors.
- Profit drivers: scale in high‑margin system integration projects, expansion of service/consumables business, product upgrades and digital/automation add‑ons.
| Metric | Importance | Impact on value |
|---|---|---|
| R&D spending (% of revenue) | High | Drives new laser models, automation software and differentiation |
| Gross margin | Medium-High | Depends on product mix (equipment vs services) |
| Order backlog / backlog-to-revenue | High | Indicates near‑term revenue visibility for capital equipment firms |
| After-sales & service revenue share | Growing | Improves recurring revenue stability and lifetime customer value |
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): Mission and Values
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS) develops and commercializes integrated laser-based intelligent manufacturing solutions by combining laser optics, precision machinery, electrical automation and software. The company's mission centers on raising production efficiency and product quality across electronics, automotive components, medical devices and new-energy industries through standardized modules and tailored automation lines. Mission Statement, Vision, & Core Values (2026) of Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. How It Works- Technology integration: Hymson merges core laser sources (fiber and CO2), beam delivery optics, CNC motion platforms, sensors, servo/drives and PLC/IPC controllers with proprietary control software and vision systems to form deployable modules.
- One-stop solutions: From discrete laser stations to turnkey automated production lines, Hymson supplies core laser components, intelligent laser-based equipment and fully automated lines (material handling, inspection, HMI and MES integration).
- Customization & standardization: A modular architecture enables rapid customization while preserving standardized interfaces for faster deployment and lower lifecycle costs.
- Service model: A three-tier professional service system (pre-sale consulting, on-site commissioning, post-sale maintenance) supported by regional rapid-response teams provides first-mover advantages at customer sites.
- Talent & R&D partnerships: Strategic collaborations with universities and research institutes support joint R&D projects and talent cultivation to feed product innovation and application expansion.
- Management systems: Hymson implemented scientific development planning, ISO-aligned quality control, ERP/financial management and an internal control framework to improve operational efficiency and governance.
- Equipment sales: Primary revenue from sales of laser processing equipment (marking, cutting, welding, micro-machining) and turnkey production lines.
- After-sales services: Spare parts, on-site service contracts, training and retrofits provide recurring revenue and margin stability.
- Software & integration: MES/PLC integration, vision inspection modules and advanced process parameter packages sold as add-ons or bundled with equipment.
- OEM & components: Supply of laser modules, optics and control units to system integrators and international partners.
| Product / Service | Typical Applications | Approx. Revenue Mix (2023) |
|---|---|---|
| Laser-based automated production lines | Battery tab welding, automotive sensor assembly, medical device production | 48% |
| Standalone laser equipment (marking/cutting/welding) | Electronics, metal fabrication, precision parts | 30% |
| After-sales & service contracts | Maintenance, upgrades, training | 12% |
| Software & integration services | MES, vision inspection, process control | 6% |
| Components & OEM supply | Laser sources, optics, motion modules | 4% |
- Rapid deployment: Standardized modules and a regional service network shorten customer lead times and accelerate ramp-up.
- Quality and compliance: Quality control labs, process validation suites and traceability systems ensure repeatable yields for high-volume manufacturing.
- Financial & governance controls: Integrated ERP/financial reporting and a formal internal control system improve cash conversion and capital allocation for R&D and capacity expansion.
- Collaborative innovation: Joint labs and talent pipelines with universities enable access to specialized expertise in laser physics, control algorithms and materials processing.
| Metric | Value |
|---|---|
| Revenue | CNY 1.25 billion |
| Net profit | CNY 150 million |
| R&D spend | CNY 120 million (≈9.6% of revenue) |
| Headcount | ~1,350 employees |
| Installed base | ~3,200 laser units / systems worldwide |
- Sector focus: Prioritizes high-growth segments (EV battery, consumer electronics, medical devices) with scalable production-line deployments.
- Channel & service mix: Combines direct sales for major customers with distributor and partner channels for regional coverage.
- Margin strategy: Higher-margin turnkey lines and service contracts offset capital intensity of equipment manufacturing.
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): How It Works
History, Ownership & Mission- Founded in Shenzhen and listed on the Shanghai STAR Market (ticker: 688559.SS), Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. is a vertically integrated laser and automation equipment provider focused on intelligent manufacturing.
- Ownership: publicly traded company with a mix of founder/management holdings and institutional investors following its STAR Market IPO; governance aligned to expand laser-automation leadership across electronics, batteries, sheet metal and related sectors.
- Mission: deliver core laser components, intelligent laser-based automation equipment and turnkey smart production lines that raise yield, throughput and process consistency for high-volume manufacturers.
- Core laser components: high-precision laser sources, beam delivery and control modules integrated into customer machines or Hymson platforms.
- Intelligent equipment: automated laser cutting, welding, trimming, micro-machining systems with in-line sensors and software for closed-loop process control.
- Turnkey lines: full automated production lines combining robotics, laser modules, material handling and MES/IPC connectivity for mass production.
- After-sales services: installation, commissioning, training, maintenance contracts and software upgrades to sustain uptime and iterative process improvement.
- Direct equipment sales - standalone laser units and integrated machines sold to OEMs and component manufacturers.
- Turnkey system contracts - design, supply and install of complete intelligent production lines for customers in electronics, batteries, and metal processing.
- Services & consumables - maintenance agreements, spare parts, software licenses and process optimization services.
- Strategic partnerships - long-term supply relationships with major customers (e.g., Apple, Huawei, Tesla, CATL) that generate recurring high-value orders and accelerate adoption across industry verticals.
| Metric | Amount (RMB) | Notes |
|---|---|---|
| Total revenue (2023) | 4,520,000,000 | Consolidated revenue reported for fiscal year 2023 |
| Photovoltaic industry revenue (2023) | 149,000,000 | Hymson's growing share in PV equipment |
| Gross profit margin - photovoltaic segment (2023) | 35.4% | Reported GP margin for PV-related sales |
| Primary end markets | Consumer electronics, power batteries, sheet metal processing, photovoltaic | Diversified industrial exposure |
| Strategic customers | Apple, Huawei, Tesla, CATL | Large OEM relationships driving scale |
- Project-based capital equipment sales: customer pays for design + equipment + integration; revenue recognized upon delivery/acceptance per contract terms.
- Line supply and installation: multi-phase projects that create higher ticket values and aftermarket service revenue.
- Recurring service and spare parts: margin-accretive, predictable revenue from maintenance, upgrades and consumables.
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS): How It Makes Money
Shenzhen Hymson Laser Intelligent Equipments Co., Ltd. (688559.SS) generates revenue by designing, manufacturing and selling laser systems and integrated automation lines for industrial, photovoltaic and emerging medical applications. The company leverages proprietary laser technologies, turnkey machinery and service contracts to capture value across product sales, after-sales support and long-term supply agreements.- Core revenue streams: sales of laser equipment (marking, drilling, welding, femtosecond and IR lasers), automation/turret assembly lines, and PV (Topcon) laser doping systems.
- Recurring revenue: installation, maintenance, spare parts and technical service contracts.
- Strategic orders and exports: large-scale PV orders and international sales channels driving volume.
- Publicly listed on Shanghai STAR Market under ticker 688559.SS; management and institutional investors hold controlling stakes consistent with a publicly traded manufacturing technology company.
- Evolution from domestic laser equipment supplier to a global exporter with R&D breakthroughs in femtosecond and mid-IR lasers.
- Proprietary lasers (including long-wave IR continuously tunable femtosecond lasers) enable premium pricing and differentiation in niche R&D, medical and industrial segments.
- Integration expertise (high-speed turret lines, assembly automation) allows Hymson to sell bundled systems that command higher margins than standalone components.
- Large volume PV equipment orders create scalable manufacturing revenue and component recurring purchases from solar cell manufacturers.
- Approximate 10% share of China's laser intelligent equipment manufacturing market by 2022.
- Export footprint: products sold to over 50 countries; export revenue ≈35% of total sales in 2022.
- Photovoltaic business: first Topcon Laser SE doping device has secured market orders exceeding 300 GW, rapidly increasing Hymson's PV market share.
- R&D milestone: developed a long-wave infrared continuously tunable desktop femtosecond laser with tuning range 5-11 μm and maximum output power >1 W.
- Product pipeline: plans to launch a high-speed laser marking/drilling machine and a high-speed turret assembly line in H2 2024.
- Medical expansion: targeting Class II and Class III medical device licenses for relevant products within 3-5 years to enter the medical laser market.
| Metric | Value / Note |
|---|---|
| Market share (China, 2022) | ~10% |
| Export contribution (2022) | ~35% of total sales |
| Countries exported to | >50 |
| PV orders (Topcon Laser SE) | >300 GW market orders |
| Key R&D achievement | Long-wave IR tunable femtosecond laser, 5-11 μm, >1 W output |
| Planned 2024 product launches | High-speed laser marking/drilling machine; high-speed turret assembly line (H2 2024) |
| Medical license target | Class II & III within 3-5 years |
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