Core Viewpoint - The stock of Plater Technology has shown significant growth this year, with a year-to-date increase of 97.36%, indicating strong market performance and investor interest [1][2]. Company Overview - Plater Technology, established on July 6, 2011, and listed on July 22, 2019, is based in Xi'an, Shaanxi Province. The company specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1]. - The revenue composition of Plater Technology includes 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, accessories, and technical services, and 8.78% from 3D printing raw materials [1]. Financial Performance - For the period from January to September 2025, Plater Technology achieved a revenue of 1.161 billion yuan, representing a year-on-year growth of 46.47%. The net profit attributable to the parent company was 156 million yuan, showing a remarkable increase of 234.83% [2]. - Since its A-share listing, Plater Technology has distributed a total of 82.677 million yuan in dividends, with 66.517 million yuan distributed over the past three years [3]. Shareholder Information - As of November 6, 2025, the number of shareholders of Plater Technology stood at 15,700, with an average of 17,462 circulating shares per person, indicating stable shareholder engagement [2]. - Notably, Hong Kong Central Clearing Limited has entered the top ten circulating shareholders with a holding of 4.1088 million shares, while Invesco Great Wall Research Selected Stock A has exited the list [3].

Market Overview - The general equipment sector increased by 0.69% on December 1, with Youji Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Top Gainers in General Equipment Sector - Youji Co., Ltd. (Code: 920943) closed at 24.11, up 11.98% with a trading volume of 44,100 shares and a turnover of 106 million yuan [1] - Iceberg Cold Chain (Code: 000530) closed at 6.77, up 10.08% with a trading volume of 673,600 shares and a turnover of 437 million yuan [1] - Zhongshu Co., Ltd. (Code: 300553) closed at 38.36, up 7.00% with a trading volume of 69,900 shares and a turnover of 263 million yuan [1] Top Losers in General Equipment Sector - Hexin Instruments (Code: 688622) closed at 109.50, down 6.03% with a trading volume of 20,800 shares and a turnover of 232 million yuan [2] - Yonghe Intelligent Control (Code: 002795) closed at 6.65, down 4.18% with a trading volume of 673,400 shares and a turnover of 448 million yuan [2] - Silin Jie (Code: 688115) closed at 65.42, down 4.05% with a trading volume of 15,800 shares and a turnover of 10.5 million yuan [2] Capital Flow Analysis - The general equipment sector experienced a net outflow of 337 million yuan from institutional investors, while retail investors saw a net inflow of 219 million yuan [2][3] - Iceberg Cold Chain had a net inflow of 122 million yuan from institutional investors, but a net outflow of 23 million yuan from retail investors [3] - New Lai Materials (Code: 300260) had a net inflow of 117 million yuan from institutional investors, with retail investors also experiencing a net outflow of 72 million yuan [3]

Core Viewpoint - The stock of Plater Technology has shown significant growth this year, with a year-to-date increase of 93.80%, indicating strong market interest and performance in the 3D printing sector [1][2]. Financial Performance - For the period from January to September 2025, Plater Technology achieved a revenue of 1.161 billion yuan, representing a year-on-year growth of 46.47% [2]. - The net profit attributable to shareholders for the same period was 156 million yuan, reflecting a substantial increase of 234.83% year-on-year [2]. Stock Market Activity - As of November 25, the stock price of Plater Technology was 76.20 yuan per share, with a trading volume of 330 million yuan and a turnover rate of 1.60% [1]. - The company has appeared on the stock market's "Dragon and Tiger List" three times this year, with the most recent instance on July 3, where it recorded a net purchase of 53.126 million yuan [1]. Shareholder Information - As of November 6, the number of shareholders for Plater Technology was 15,700, with an average of 17,462 circulating shares per person [2]. - The company has distributed a total of 82.677 million yuan in dividends since its A-share listing, with 66.517 million yuan distributed over the past three years [3]. 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 [1]. - The revenue composition of the company includes 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, parts, and technical services, and 8.78% from 3D printing raw materials [1].

Core Insights - In the first three quarters of this year, 24 3D printing concept stocks reported a year-on-year increase in net profit, including significant growth from companies like Inno Laser, Chuangjiang New Material, and Aobi Zhongguang-UW [1] Performance Summary - Inno Laser achieved a net profit of 0.22 billion yuan, marking a year-on-year growth of 24.65 times [1] - Among the 24 stocks with profit growth, 6 have a rolling P/E ratio below 30, including Lichong Group, Yizhi Mi, and Aidi Te [1] - The average drawdown for these 24 stocks, compared to their yearly highs as of November 24, is 21.22%, with Huagong Technology and Meirui New Material experiencing drawdowns exceeding 30% [1] - Companies like Nengzhiguang, Ruike Laser, and Jiuri New Material have drawdowns between 25% and 30% [1]

Group 1 - The A-share index turned positive in the afternoon, with sectors like Pinduoduo, China Shipbuilding, and commercial aerospace leading the gains. The Universal Aviation ETF (159230) rose by 3.4%, with stocks like Leike Defense hitting the daily limit and Chenxi Aviation increasing by 9.82% [1] - The 2025 Hunan (International) General Aviation and Low-altitude Economy Industry Expo was held in Hunan, focusing on the theme "Developing Low-altitude Economy, Leading a Better Life." The expo covered an area of 60,000 square meters and featured over 20 key activities, attracting more than 200 leading enterprises [1] - Hunan has made significant progress in low-altitude economic development, establishing a verification test area of 245 square kilometers and laying out 687 low-altitude application scenarios. Various companies are integrating their technologies and products with sectors like agriculture, culture and tourism, emergency response, and education to capitalize on the low-altitude economic opportunities [1] Group 2 - CITIC Construction Investment Securities highlighted the general aviation industry as an important area of new productive forces, emphasizing its foundational attributes in the low-altitude economy. The industry is expected to experience rapid growth driven by supportive policies, continuous technological breakthroughs, and expanding application scenarios [2] - The industry scale of the low-altitude economy is projected to reach 3.5 trillion yuan by 2035, indicating significant growth potential. Additionally, companies in the general aviation sector that have both military and civilian operations are expected to benefit from increased military trade demand amid a backdrop of de-globalization [2]

Group 1 - The 3D printing sector experienced a significant rise in the afternoon trading session on November 24, with notable stocks such as Jin Chengzi hitting the daily limit up [1] - Changjiang Materials previously reached its limit up, indicating strong market interest and performance in the sector [1] - Other companies in the 3D printing space, including Jialian Technology, Bolite, and Yinhui Technology, also saw increases in their stock prices, reflecting a broader positive trend in the industry [1]

Core Viewpoint - The company, Plater, has been deeply involved in the development of the reusable rocket, Zhuque-3, in collaboration with Blue Arrow Aerospace since 2019, transitioning from rapid engine component development to comprehensive metal additive manufacturing services [1] Group 1 - Plater has established a partnership with Blue Arrow Aerospace since 2019 [1] - The company has assisted in the rapid development of engine components for Blue Arrow Aerospace [1] - Plater is now providing comprehensive metal additive manufacturing services to support the transition from engineering application to mass production of components [1]

Core Viewpoint - Platinum Technology (688333.SH) has actively participated in the first large-scale vertical takeoff and landing flight test of the Zhuque-3 reusable rocket developed by Landspace, indicating a significant advancement in their collaboration since 2019 [1] Group 1 - The company has established a partnership with Landspace since 2019, initially assisting in the rapid development of engine components [1] - The collaboration has evolved to provide comprehensive metal additive manufacturing services, facilitating the transition from engineering application to mass production of components for the client [1]

Core Viewpoint - Platinum Technology (688333.SH) has actively participated in the first large-scale vertical takeoff and landing flight test of the reusable Zhuque-3 rocket developed by Landspace, indicating a significant advancement in their collaboration since 2019 [1] Group 1 - The company has established a partnership with Landspace since 2019, initially assisting in the rapid development of engine components [1] - The collaboration has evolved to provide comprehensive metal additive manufacturing services, facilitating the transition from engineering application to mass production of components for the client [1]

Core Viewpoint - The stock of Plater Technology has experienced fluctuations, with a year-to-date increase of 88.00% but a recent decline of 2.26% over the past five trading days [1] Company Overview - Plater Technology, established on July 6, 2011, and listed on July 22, 2019, is located in Xi'an, Shaanxi Province. The company specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1] - The revenue composition of Plater Technology includes 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, accessories, and technical services, and 8.78% from 3D printing raw materials [1] Financial Performance - For the period from January to September 2025, Plater Technology achieved an operating income of 1.161 billion yuan, representing a year-on-year growth of 46.47%. The net profit attributable to the parent company was 156 million yuan, reflecting a significant increase of 234.83% [2] - Since its A-share listing, Plater Technology has distributed a total of 82.677 million yuan in dividends, with 66.517 million yuan distributed over the past three years [3] Shareholder Information - As of November 6, 2025, the number of shareholders of Plater Technology was 15,700, with an average of 17,462 circulating shares per person [2] - As of September 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder, holding 4.1088 million shares as a new shareholder, while Invesco Great Wall Research Selected Stock A exited the top ten circulating shareholders [3] Market Activity - On November 18, Plater Technology's stock price was 73.92 yuan per share, with a trading volume of 179 million yuan and a turnover rate of 0.87%. The total market capitalization was 20.278 billion yuan [1] - The stock has appeared on the daily trading leaderboard three times this year, with the most recent appearance on July 3, where it recorded a net purchase of 53.126 million yuan [1]