Group 1 - The company, Plater (688333.SH), is involved in the production of parts for the Long March 12A liquid engine [1]

Group 1 - The company Plutotech is involved in 3D printing components for the Long March 12 rocket's liquid engine [1]

Core Viewpoint - The stock of Plater Technology has shown significant growth in 2023, with a year-to-date increase of 141.36%, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - As of December 23, Plater Technology's stock price reached 94.90 CNY per share, with a trading volume of 4.33 billion CNY and a market capitalization of 26.033 billion CNY [1]. - The stock has experienced a net inflow of 39.336 million CNY from major funds, with large orders accounting for 27.80% of purchases and 23.09% of sales [1]. - Over the past five trading days, the stock has increased by 12.84%, and over the last 20 and 60 days, it has risen by 25.53% and 22.93%, respectively [1]. Group 2: Company Overview - Plater Technology, established on July 6, 2011, and listed on July 22, 2019, specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [2]. - The company's revenue composition includes 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment and accessories, and 8.78% from 3D printing materials [2]. - The company operates within the machinery and equipment sector, specifically in general equipment and other general equipment categories, and is involved in various concept sectors such as satellite navigation and commercial aerospace [2]. Group 3: Financial Performance - For the period from January to September 2025, Plater Technology reported a revenue of 1.161 billion CNY, reflecting a year-on-year growth of 46.47%, and a net profit attributable to shareholders of 156 million CNY, which is a 234.83% increase [2]. - Since its A-share listing, the company has distributed a total of 82.677 million CNY in dividends, with 66.517 million CNY distributed over the past three years [3]. - As of September 30, 2025, the number of shareholders stood at 15,700, with an average of 17,462 circulating shares per person [2][3].

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the sector [3]. Core Insights - The 3D printing industry is experiencing significant growth, with exports showing strong performance. In the first 11 months of 2025, China exported 4.48 million 3D printers, a year-on-year increase of 29.60%. November alone saw exports of 520,000 units, up 89.10% year-on-year. The total export value for the same period reached 9.758 billion yuan, a 31% increase year-on-year, with November's export value at 1.287 billion yuan, reflecting a remarkable 136.20% growth [3]. - A government initiative aims to enhance the supply-demand adaptability of consumer goods, promoting the integration of 3D printing technology into education. This is expected to drive demand for 3D printing equipment as it transforms traditional teaching methods [3]. - The promotion of 3D printing factory models is shifting consumer-grade 3D printing from a "professional tool" to a "widespread productivity tool." Companies like Huina Technology are developing 3D printing farms, which will significantly lower operational costs and usage barriers, thus boosting demand for 3D printing equipment [3]. - Advances in AI are lowering creative barriers, accelerating the shift towards a more creative society. Tools like Nano Banana Pro and Meta's SAM 3D are enhancing the capabilities of 3D printing users, making the transition from 2D to 3D modeling more accessible and engaging [3]. - Key industry players include: - Components: Jieput (688025.SH), Ruike Laser (300747.SZ), and Jinchengzi (688291.SH) - 3D Scanners: Sikan Technology (688583.SH) and Aobi Zhongguang-UW (688322.SH) - Materials: Haizheng Biomaterials (688203.SH) and Jialian Technology (301193.SZ) - Complete Machines: Tuozhu Technology (unlisted), Chuangxiang Sanwei (in IPO process), Anke Innovation (300866.SZ), and Huina Technology (300609.SZ) [3][4].

格隆汇12月19日｜有投资者在互动平台向铂力特提问：请问公司在商业航天国内有那些客户，公司3D 产品应用到火箭和卫星上了吗，公司和nasa以及SpaceX有合作吗？ 铂力特回复称，公司3D产品已应用到火箭和卫星上，我们合伙的客户有九州云箭、星际荣耀、星众空 间、智星空间等，与nasa以及SpaceX未合作。 ...

Core Viewpoint - The company is actively engaged in the commercial aerospace sector, leveraging metal additive manufacturing technology as a key driver for innovation and cost efficiency in traditional industries [1] Group 1: Company Developments - The company has developed a comprehensive additive manufacturing technology that encompasses material research, equipment adaptation, process innovation, structural optimization, and mass production [1] - In the rocket sector, the company is capable of 3D printing rocket body structures and grid fins [1] - In the satellite sector, the company can 3D print satellite body structures and array panel structures [1] Group 2: Industry Trends - The commercial aerospace industry in China is entering a phase of rapid development, with metal additive manufacturing technology playing a crucial role [1]

证券日报网讯12月18日，铂力特在互动平台回答投资者提问时表示，在3D打印原材料方面，公司已成 功开发高品质钛合金球形粉末及高温合金粉末材料。钛合金和高温合金为自制，其余部分高温合金和其 他粉末材料则从外部采购。公司已设立全资子公司西安铂点材料技术有限公司，投资增材制造专用粉末 材料产线建设项目，建设高品质增材制造原材料钛合金、高温合金粉末产线，建成铂力特金属增材制造 粉末原材料产业化基地。 ...

Group 1: Lithography Materials - Shanghai Xinyang has achieved stable and continuous sales of various lithography products [1] Group 2: Communication - Aerospace Electronics has successfully integrated laser communication products for inter-satellite communication [1] Group 3: Commercial Aerospace - Aerospace Electric has seen an increasing trend in customer orders in the commercial aerospace sector in recent years [1] Group 4: Other Developments - Plittech is collaborating with Lingkong Tianxing [1] - Shenchi Electromechanical is progressing normally in its partnership with Qiteng Robotics [1] - Zhongbing Hongjian's wholly-owned subsidiary, Zhongnan Diamond, has seen a significant year-on-year increase in orders [1] - Petty Holdings is advancing the entry of products from its New Zealand factory into the domestic market, with large-scale distribution expected in the first quarter of next year [1] - Heng'erda is promoting mass production of ball screws and planetary roller screws, with related production lines expected to be launched gradually starting in the first quarter of next year [1] - Yongtai Technology's fluorinated liquid products have begun to be applied in cold plate two-phase liquid cooling solutions [1]

证券日报网讯12月18日，铂力特在互动平台回答投资者提问时表示，铂力特在商业航天方面的客户数量 已经超过30家，合作范围涵盖优化设计到技术咨询，从零件研制到设备、原材料配套等的全方位支持。 公司将持续研判商业航天客户需求，不断强化市场竞争力，深化与商业航天用户的合作。 ...

证券时报·数据宝统计显示，铂力特今日收盘价为96.85元，上涨13.67%，日换手率为10.07%，成交额为 25.58亿元，全天主力资金净流入2.54亿元，近5日该股累计上涨9.87%，近5日资金合计净流入9351.51万 元。 铂力特12月18日大宗交易平台出现一笔成交，成交量3.08万股，成交金额298.30万元，大宗交易成交价 为96.85元。该笔交易的买方营业部为华泰证券股份有限公司马鞍山湖东中路证券营业部，卖方营业部 为中国国际金融股份有限公司北京建国门外大街证券营业部。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为1490.55万元。 12月18日铂力特大宗交易一览 | 成交量 | 成交金 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | | | | | 3.08 | 298.30 | 96.85 | 0.00 | 华泰证券股份有限公司马 鞍山湖东中路证券营业部 | 中国国际金融股份有限公司 ...