On June 25, Wuhan Raycus Fiber Laser Technologies Co., Ltd (referred to as Raycus Laser, stock code: 300747) was listed on the GEM of the SZSE. At this point, Raycus Laser has become the ninth listed company and the first listed company on the GEM which is held by CASIC, and the first listed company which is held by CASIC Sanjiang Group Co., Ltd..

Raycus Laser has publicly issued 32 million ordinary shares (A shares) to the public for the first time. The total number of shares in public offerings accounts for 25% of the total issued shares, and the issue price is RMB 38.11 yuan/share.

Raycus Laser is a national high-tech enterprise specializing in R&D, production and sales of fiber lasers, core devices and materials. It has independent intellectual property rights of materials, devices and vertical integration capability. As a fiber laser R&D, production and service provider with global influence, the Raycus Laser has national key innovation team of high-power fiber laser as well as national and regional joint engineering research center for fiber laser technology.

Raycus Laser was established on April 6, 2007 and was held by China Space Sanjiang held through "acquisition + capital increase" by the end of 2011. After joining the CASIC, Raycus Laser entered the fast lane of development, and its economic indicators showed a non-linear growth, realizing a leap in the development of the laser industry. The operating income in 2015, 2016 and 2017 was approximately RMB 313 million, RMB 523 million and RMB 952 million respectively. The total profit was approximately RMB 28 million, RMB 103 million and RMB 326 million respectively.

(Reported by Wei Qin and Yin Xin)