家联科技于2021年12月9日在深交所创业板上市，发行股票数量为3000万股，发行价格为30.73元/股，保荐机构（主承销商）为招商证券股份有限公 司，保荐代表人为张贺、杜元灿。 家联科技首次公开发行股票募集资金总额为9.22亿元，扣除发行费用后募集资金净额为8.28亿元。家联科最终募集资金净额比原计划多3.62亿元。家联 科技于2021年12月6日披露的招股说明书显示，该公司拟募集资金4.66亿元，拟分别用于澥浦厂区生物降解材料制品及高端塑料制品生产线建设项目、生物 降解材料及制品研发中心建设项目、补充流动资金。 家联科技首次公开发行股票的发行费用总额为9373.00万元，其中，保荐及承销费用7765.97万元。 家联科技于2023年向不特定对象发行可转换公司债券。根据家联科技于2022年12月22日召开的第二届董事会2022年第七次临时董事会和2023年1月9日召 开的2023年第一次临时股东大会决议，并经中国证券监督管理委员会《关于同意宁波家联科技股份有限公司向不特定对象发行可转换公司债券的批复》（证 监许可〔2023〕2602号）同意注册，家联科技向不特定对象发行可转换公司债券7,500,000张，发 ...

Investment Rating - The report maintains a "Positive" outlook on the 3D printing industry, indicating a low current penetration rate and potential for rapid growth driven by the expansion of demand for customized products and the popularization of the 3D farm model [7]. Core Insights - The 3D printing industry is entering a "singularity moment," where growth is driven not just by technological breakthroughs but also by a paradigm shift in industrial manufacturing and a surge in consumer demand for personalized products. Key drivers include agile manufacturing advantages in industrial-grade 3D printing, the ability to produce complex shapes, and the democratization of technology in consumer-grade 3D printing [9][13]. - The global 3D printing market is projected to reach $21.9 billion in 2024, with a year-on-year growth of 9.31%. In China, the market is expected to reach 42.3 billion yuan, with a significant portion of revenue coming from equipment and services [9][69]. Summary by Sections Investment Suggestions and Targets - The report suggests that the 3D printing industry is poised for rapid growth due to low current penetration rates and expanding demand. Key investment targets include: - Consumer-grade 3D printing service operator Huina Technology (300609, not rated) - Industrial-grade metal printing equipment manufacturers Plater (688333, not rated) and Huashu High-Tech (688433, not rated) - 3D printing material suppliers Jialian Technology (301193, not rated) and Youyan Powder Materials (688456, not rated) [4][21]. Industry Overview - 3D printing technology is characterized by its flexibility and high production capacity, allowing for the creation of complex structures with minimal waste. The technology has evolved from traditional subtractive manufacturing to additive manufacturing, enabling significant design freedom and reduced production cycles [22][24]. - The main materials used in 3D printing include plastics and metal powders, with various technological routes such as FDM, SLS, and SLA being commercially viable [31][36]. Market Outlook - The global 3D printing market is experiencing a golden development period, with both consumer and industrial segments expected to expand. The U.S. leads the market, while the Asia-Pacific region is catching up rapidly. The market for 3D printing materials is projected to grow by 35.21% in 2024, with significant growth also seen in 3D bioprinting and metal additive manufacturing [58][62]. - In China, the 3D printing market is expected to reach 42.3 billion yuan in 2024, with a strong focus on equipment and services, which together account for 76% of the market [69][70]. Key Players - The report highlights the differentiation among leading companies in the industrial-grade 3D printing sector, with notable players like Plater and Huashu High-Tech excelling in metal 3D printing. In the consumer-grade sector, Huina Technology is building a supply-demand ecosystem through a combination of scale farms and offline stores [9][20][21].

Core Viewpoint - The company, Ningbo Jialian Technology Co., Ltd., is a leading manufacturer in the global plastic dining utensils industry, with a significant focus on overseas sales and a growing presence in cross-border e-commerce [2][3]. Group 1: Company Overview - Ningbo Jialian Technology specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with plastic products accounting for 84.41% of its revenue [7]. - The company was established on August 7, 2009, and went public on December 9, 2021 [7]. - As of September 30, 2025, the company reported a revenue of 1.865 billion yuan, representing a year-on-year growth of 8.25%, while the net profit attributable to shareholders was -73.8145 million yuan, a decrease of 209.95% [8]. Group 2: Market Position and Financials - The company’s overseas revenue accounted for 55.43% of total revenue, benefiting from the depreciation of the RMB [3]. - In 2021, the company’s export sales accounted for 70.47% of its total sales, primarily targeting developed regions such as North America, Europe, and Oceania [2]. - The company has diversified its production capabilities with a factory in Thailand, which includes production lines for 3D printing materials, plastic dining utensils, and plant fiber products [3]. Group 3: Product and Technology Focus - The company is focusing on the research and application of PLA materials and has made early investments in the consumer-grade FDM materials and products sector [2]. - The 3D printing materials produced by the company have broad application prospects across various fields, including industrial design, education, toys, and medical sectors [2].

可降解塑料+3D打印+跨境电商+人民币贬值受益+一带一路 1、宁波家联科技股份有限公司的主营业务是塑料制品、生物全降解制品及植物纤维制品的研发、生产 与销售。公司的主要产品是塑料制品、生物全降解制品、植物纤维制品、纸制品及其他。 塑料制品、 生物全降解制品及植物纤维制品的研发、生产与销售。 2、2025年6月17日互动易，公司专注于PLA材料的研发与应用，并在消费级FDM材料及制品领域提前 布局并产业化。目前，公司暂未与泡泡玛特开展合作。公司生产的3D打印耗材具备广泛的应用前景， 可覆盖工业设计、教育、玩具手办、医疗等多个领域，其技术特性能够为潮流玩具制作等场景提供材料 支持。 3、根据2022年12月9日互动易，公司为全球塑料餐饮具制造行业的领先企业，公司产品销售以外销为 主，外销区域主要分布在北美洲、欧洲及大洋洲等发达国家和地区，公司目前的主要海外客户为海内外 知名大型商超以及连锁餐饮企业，2021年公司外销占比达70.47%。同时公司也开拓了跨境电商平台的 线上市场对产品进行境外推广和销售。 来源：新浪证券-红岸工作室 12月9日，家联科技跌1.95%，成交额3722.72万元，换手率1.30%，总市值 ...

证券日报网12月5日讯家联科技（301193）在12月4日至12月5日回答调研者提问时表示，公司订单交货 期一般在30天至45天左右，大部分客户会根据自身的安全库存以及市场销量情况采用订单模式进行实时 下单，公司会根据客户的下单情况及时安排生产计划，提高生产效率，响应订单需求。 ...

Core Viewpoint - The company has developed a proprietary modified PLA material for 3D printing consumables, which significantly outperforms standard PLA in various applications [2] Group 1: Company Innovations - The company utilizes self-developed modification technology to enhance the properties of biodegradable materials [2] - The modified PLA material exhibits superior heat resistance, impact resistance, and adaptability for high-speed printing compared to general PLA materials [2] - The innovations allow the company to meet diverse production needs across different product categories, providing reliable, efficient, and environmentally friendly solutions for consumers [2]

Core Viewpoint - The company emphasizes that raw material prices are closely linked to crude oil trends and are influenced by international oil price fluctuations and market supply-demand dynamics [2] Group 1: Pricing Strategy - The company employs a cost-plus pricing strategy, taking into account various factors such as technology level, sales volume, and customer quality standards for each product [2] - The company's product range is extensive, allowing for tailored pricing based on specific product characteristics and market conditions [2] Group 2: Risk Management - In response to significant fluctuations in raw material prices, the company enhances cost management to mitigate the impact of market price volatility on production costs and main product pricing [2] - This approach aims to improve the company's overall risk resilience and strengthen financial stability [2]

证券日报网12月5日讯家联科技（301193）在12月4日至12月5日回答调研者提问时表示，目前公司在泰 国布局的一期3D线材产线已进入稳定生产阶段，产品性能也通过了客户的验证并开始供应，产能利用 率逐步提升，预计年底实现满产。二期3D线材产线根据市场需求已开始前期规划，未来会逐步投放新 的产能。 ...

Core Viewpoint - The company has established a core technological barrier based on deep modification capabilities, integrated manufacturing, and a comprehensive system of standard leadership [1] Group 1: Technological Capabilities - The company emphasizes that different types of biodegradable material products have varying performance requirements, necessitating modifications to materials like PLA to meet customer specifications [1] - The research in the biodegradable plastics sector, particularly in material modification and foaming, requires significant investment in manpower, equipment, funds, and time, creating high barriers for new entrants [1] Group 2: Competitive Advantages - The company has overcome key industry challenges related to the high-temperature resistance and impact resistance of biodegradable materials, mastering various blending and modification technologies to meet customized demands [1] - The company possesses large-scale intelligent manufacturing capabilities that ensure product stability and rapid response across the entire industry chain, from materials to molds and processes [1] - The company leads in formulating various international and national standards, allowing it to maintain structural advantages in a competitive market [1]

（编辑 姚尧） 证券日报网12月5日讯 家联科技在12月4日至12月5日回答调研者提问时表示，近几年来，公司为抢抓市 场机遇，不断完善产业布局，资本开支逐步高企。当前公司主要投建的生产基地已建设完成并投入运行 生产，产能逐步释放。未来，公司将根据战略规划、市场需求合理安排资本开支，主要用于生产基地的 扩建、设备的新增、智能化改造及新品类的产能扩充等，公司的资本开支也逐步趋于稳定。 ...