证券日报网讯 1月23日，金橙子在互动平台回答投资者提问时表示，截至2026年1月20日，公司股东总 数为6830户。 （文章来源：证券日报） ...

证券时报·数据宝统计，截至发稿，金橙子收盘价为53.18元，上涨3.64%，本期筹码集中以来股价累计 上涨13.15%。具体到各交易日，7次上涨，3次下跌。 公司发布的三季报数据显示，前三季公司共实现营业收入1.85亿元，同比增长15.80%，实现净利润 3651.29万元，同比增长32.86%，基本每股收益为0.3600元，加权平均净资产收益率3.87%。（数据宝） （文章来源：证券时报网） 金橙子1月23日披露，截至1月20日公司股东户数为6830户，较上期（1月10日）减少649户，环比降幅为 8.68%。这已是该公司股东户数连续第2期下降。 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 56.97 CNY within six months [6][9]. Core Insights - The company, Jin Chengzi, is a leading player in the laser control system sector, focusing on both horizontal and vertical business expansion. It has over 20 years of experience in the laser industry and aims to strengthen its position through continuous innovation and strategic acquisitions [1][17]. - The company is actively developing its 3D printing business and plans to acquire Samit, a unicorn company, to enhance its capabilities in fast-reflecting mirrors, which are crucial for future industries such as aerospace and quantum communication [4][39]. - The market for 3D printing is rapidly expanding, with significant growth expected in industrial applications, particularly in aerospace and consumer sectors. The importance of control systems in this market is increasing, positioning Jin Chengzi for future growth [3][41]. Summary by Sections 1. Company Overview - Jin Chengzi specializes in laser processing control systems, which serve as the "brain" of equipment, integrating modeling, path planning, and execution control [2][45]. - The company has a comprehensive product line that includes software, controllers, and galvanometers, serving over a thousand clients across various industries such as consumer electronics, new energy, semiconductors, automotive, and pharmaceuticals [2][24]. 2. 3D Printing and Future Prospects - The 3D printing market is projected to grow from billions to hundreds of billions, with Jin Chengzi's control systems expected to play a significant role in this transformation [3][41]. - The company has been investing in 3D printing technology since 2014 and has developed high-precision galvanometers that meet international standards, enhancing its competitive edge in this field [43][44]. 3. Strategic Acquisitions - The planned acquisition of Samit aims to strengthen the company's fast-reflecting mirror capabilities, which are essential for applications in commercial aerospace and quantum communication [4][39]. - This acquisition is expected to complement Jin Chengzi's existing product lines and expand its market reach into high-growth sectors [4][39]. 4. Financial Performance and Projections - The company has maintained stable revenue growth, with projected revenues of 2.61 billion CNY in 2025, 3.26 billion CNY in 2026, and 4.17 billion CNY in 2027, alongside net profits of 0.48 billion CNY, 0.73 billion CNY, and 1.05 billion CNY respectively [9][11]. - The gross margin for the core business remains high, around 70%, indicating strong profitability and effective cost management [29][30].

Group 1 - The core viewpoint of the news is that Beijing Jin Chengzi Technology Co., Ltd. has seen a stock price increase of 5.1%, reaching 51.55 yuan per share, with a total market capitalization of 5.292 billion yuan [1] - The company specializes in the research and sales of motion control systems for laser processing equipment, providing comprehensive solutions and technical services for various laser processing scenarios [1] - The main business revenue composition includes: laser processing control systems at 74.14%, mid-to-high-end galvanometer control systems at 44.04%, standard function galvanometer control systems at 27.68%, laser system integration hardware at 16.05%, and other categories such as high-precision galvanometers and customized equipment [1] Group 2 - South China Fund's South China Fenghui Mixed A (015245) has entered the top ten circulating shareholders of Jin Chengzi, holding 221,000 shares, which is 0.66% of the circulating shares [2] - The fund has achieved a year-to-date return of 8%, ranking 1700 out of 8844 in its category, and a one-year return of 60.34%, ranking 1111 out of 8091 [2] - The fund manager, Huang Zhigang, has a tenure of 13 years and 308 days, with the best fund return during his tenure being 196.59% [3]

Core Viewpoint - The A-share market is experiencing a slight decline, with the Shanghai Composite Index at 4104.22 points, down 0.20% and trading below the five-day moving average, while the total trading volume is 25,230.04 billion yuan [1]. Group 1: Market Performance - As of 1:59 PM, the Shanghai Composite Index is at 4104.22 points, reflecting a decrease of 0.20% [1]. - The total trading volume in the A-share market is reported at 25,230.04 billion yuan [1]. Group 2: Stocks Exceeding Five-Day Moving Average - A total of 778 A-shares have surpassed the five-day moving average today [1]. - Notable stocks with significant deviation rates include: - Tianyue Advanced (乖离率 15.31%) with a price increase of 20.00% [1]. - Fusa Technology (乖离率 15.11%) also increased by 20.00% [1]. - Huning Co. (乖离率 15.00%) with a 20.00% rise [1]. - Other stocks with smaller deviation rates include: - Weibohydraulic, Jinyinhe, and Ecovacs, which have just crossed the five-day moving average [1].

Group 1 - The 3D printing sector is experiencing a strong rebound, with companies like Jin Chengzi and Inno Laser seeing stock increases of over 10% [1] - Other companies in the 3D printing industry, such as Nanfeng Co., Huazhong CNC, Hongrid, and Jieput, have also reported stock gains exceeding 5% [1]

证券日报网讯1月13日，金橙子在互动平台回答投资者提问时表示，截至2026年1月9日，公司股东总数 为7479户。 ...

Investment Rating - The report maintains a positive investment rating for the 3D printing industry, highlighting its growth potential and opportunities in various sectors [1]. Core Insights - The 3D printing industry, also known as additive manufacturing, is experiencing rapid growth, with a market size of 367 billion yuan in China for 2023 and an average growth rate of approximately 25% from 2019 to 2023 [2][61]. - Key applications of 3D printing include aerospace (16.8%), medical/dental (15.6%), automotive (14.6%), consumer electronics (11.8%), and academic research (11.1%) [2][34]. - The technology offers significant advantages over traditional manufacturing methods, particularly in cost control for small batch production, personalized production, and material utilization [1][12]. Summary by Sections 1. 3D Printing vs. Traditional Manufacturing - 3D printing has clear advantages in cost control for small batches, personalized production, and material efficiency compared to traditional methods, which excel in material variety and precision [1][12]. - The main technologies in China include SLS/SLM (32%) and FDM (15%) [25]. 2. Core Components of 3D Printing - Key components include lasers and scanning systems, with lasers being the primary heat source for metal 3D printing [41][42]. - The software aspect is crucial, with major CAD software providers including Dassault Systems, Siemens, and Autodesk [57]. 3. Market Growth and Trends - The 3D printing market is expected to continue its growth trajectory, with significant adoption in aerospace, consumer electronics, and other sectors [2][61]. - The U.S., China, Japan, and Germany are identified as the core markets for 3D printing applications, with the U.S. accounting for approximately 33% of global equipment applications [2][61]. 4. Commercial Aerospace Opportunities - The commercial aerospace sector is poised for significant growth, with 3D printing being well-suited for manufacturing complex and lightweight components [2][61]. - Notable products include rocket engine components and satellite parts, indicating a broad application range [2]. 5. Key Companies in the Industry - Notable companies in the 3D printing sector include Platinum Technology, Huazhu High-Tech, Dazhu Laser, and others, which are making strides in technology and market presence [2][5].

Core Viewpoint - The company Jin Chengzi is enhancing its capabilities in the precision optical control product sector, particularly through the acquisition of new customer resources in the aviation application field, which is expected to optimize its industrial structure and strengthen profitability [1] Group 1: Company Overview - Jin Chengzi has been engaged in the research, production, and sales of precision optical control products for a long time [1] - The main products include fast mirrors and high-precision vibrating mirrors, which are essential components for precise beam direction control [1] Group 2: Product Applications - Fast mirrors are used in image stabilization systems and beam pointing control [1] - Downstream applications include aerospace detection, laser defense systems, laser communication, and laser precision processing [1] Group 3: Strategic Implications - The completion of the recent transaction will provide Jin Chengzi with additional customer resources in the aviation sector [1] - This strategic move is expected to lead to a more optimized industrial structure and enhanced profitability for the company [1]

Group 1 - The core viewpoint of the article is that the company, Jin Chengzi, is making progress in customer validation for its self-developed wafer laser repair and adjustment equipment [1] Group 2 - The customer validation work for the company's equipment is proceeding normally [1]