A celebration is held on July 28 for the listing of YIFI Laser. [Photo/WeChat account of Optics Valley of China]

Wuhan YIFI Laser Co, located in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), was listed on the Shanghai Stock Exchange (SSE) STAR Market on July 28, becoming the valley's third company to go public this year.

Focusing mainly on laser precision processing equipment, YIFI Laser continues to serve the intelligent transformation of downstream industries. Fourteen of the world's top 20 power cell manufacturers and three well-known consumption or storage battery producers are among its clients.

A laser processing production line of YIFI Laser. [Photo/WeChat account of Optics Valley of China]

Data indicated that from 2020 to 2022, the company's revenue stood at 206 million yuan ($28.84 million), 396 million yuan, and 539 million yuan, respectively.

At present, laser processing methods are gradually replacing traditional machining. Meanwhile, laser processing's penetration rate climbs constantly, with its application scenarios being enriched.

In 2021, China's laser equipment sector reported 82.1 billion yuan of sales revenue, and the number is expected to reach 9.94 billion yuan this year.