Raycus
China's leading manufacturer of high-power fiber lasers and core components, providing comprehensive industrial laser solutions for cutting, welding, cleaning, marking, and precision processing applications across multiple industries.
- CEO / Founder
- Chen Xingxing
- Team Size
- 3,449
- Stage
- Public
- Total Funding
- Undisclosed
- Latest Round
- IPO
- Key Investors
- China Aerospace Science and Industry Corporation (CASIC) - Parent company and controlling shareholder, Public market investors via Shenzhen Stock Exchange
Technology & Products
Key Products
["Global-Series CW Fiber Lasers (1000W-80000W)","HP-Series CW Fiber Lasers (2000W-40000W single and multi-module)","QCW (Quasi-Continuous Wave) Fiber Lasers","MOPA (Master Oscillator Power Amplifier) Fiber Lasers (20W-250W)","Q-switched Pulsed Fiber Lasers","High-Power Pulsed Fiber Lasers","Fiber Delivered Direct Diode Lasers","Welding Fiber Lasers","Customized Laser Systems Solutions"]
Technological Advantage
Achieved complete vertical integration through independent R&D and strategic acquisitions, mastering all core components and materials including pump sources, special optical fibers, fiber couplers, transmission cables, and power combiners. Operates with high electro-optical conversion efficiency and excellent beam quality. Strong state backing through China Aerospace Science and Industry Corporation (CASIC) provides resources for large-scale production capacity (10,000 pulsed fiber lasers and 1,000 medium/high-power CW fiber lasers annually) and supports national R&D programs including National 863 Program, National Torch Program, and National Science and Technology Support Program.
Differentiation
Value Proposition
Breaks international monopoly on high-power fiber laser technology, offering cost-effective, high-performance laser sources with vertical integration from core components to complete systems; provides energy-efficient solutions with high electro-optical conversion efficiency, reducing industrial operational costs and supporting China's import substitution strategy in advanced manufacturing
How They Differentiate
China's first and largest fiber laser manufacturer; breaks international monopoly on high-power fiber laser technology; achieved China's first 10kW industrial fiber laser in 2013, making China the second country globally to master core 10,000W fiber laser technologies; vertical integration from core components to complete systems; cost-competitive pricing for Chinese market; high electro-optical conversion efficiency; state-backed R&D through CASIC; customized solutions for domestic manufacturing needs including automotive and power battery industries
Market & Competition
Target Customers
Industrial manufacturers in automotive, aerospace, power battery, metallurgy, rail transportation, 3C electronics, kitchen/hardware, and advertising/packaging sectors; laser equipment OEMs and system integrators worldwide
Industry Verticals
["Automotive Manufacturing","Power Battery / New Energy Vehicles","Aerospace and Shipbuilding","Rail Transportation","Metallurgy and Metal Processing","3C Electronics (Computers, Communications, Consumer Electronics)","Kitchen and Hardware Manufacturing","Advertisement and Packaging","Sheet Metal Processing","Additive Manufacturing / 3D Printing","Medical Device Manufacturing","Laser Cleaning Applications"]
Competitors
IPG Photonics; Trumpf; nLIGHT
Growth & Milestones
Growth Metrics
Revenue of RMB 3.68 billion in 2023, representing 15.40% year-over-year growth from RMB 3.19 billion in 2022; 3,449 employees; China market share of approximately 25% in fiber laser market; 796 patents as of end of 2022
Major Milestones
["2007: Company founded in Wuhan, China","2013: Developed China's first 10kW industrial fiber laser, making China only the second country globally to master 10,000W fiber laser technology","2015: National and Local Joint Fiber Laser Technology Engineering Research Center approved","2018: Initial public offering on Shenzhen Stock Exchange (Stock Code: 300747.SZ)","2020-2021: Established vertical integration through strategic acquisitions, mastering all core components and materials","2022: Delivered first batch of domestic 30,000W fiber lasers","2023: Achieved RMB 3.68 billion revenue, 15.4% YoY growth"]
Notable Customers
Automotive industry customers (new energy vehicle manufacturers); Power battery manufacturers (e.g., CATL, BYD for EV battery welding applications); Industrial manufacturers in aerospace, shipbuilding, rail transportation, metallurgy; 3C electronics (computers, communications, consumer electronics); Kitchen and hardware manufacturing; Laser equipment OEMs and system integrators worldwide