| 证券代码：301193 | 证券简称：家联科技 | 公告编号：2025-083 | | --- | --- | --- | | 债券代码：123236 | 债券简称：家联转债 | | 宁波家联科技股份有限公司 关于变更签字注册会计师的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 宁波家联科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第 三届董事会第十七次会议和第三届监事会第十二次会议，于 2025 年 5 月 16 日召 开2024年年度股东大会，审议通过了《关于续聘2025年度会计师事务所的议案》， 同意继续聘任浙江科信会计师事务所（特殊普通合伙）(以下简称"浙江科信")为 公司 2025 年度审计机构，聘任期为 1 年。具体内容详见公司于 2025 年 4 月 26 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于续聘 2025 年度会计师事务 所的公告》（公告编号：2025-026）。 陈剑峰 2018 年 10 月成为中国注册会计师，自 2025 年 3 月开始在浙江科信 执业。 （二）独立性和诚 ...

| 证券代码：301193 | 证券简称：家联科技 | 公告编号：2025-082 | | --- | --- | --- | | 债券代码：123236 | 债券简称：家联转债 | | 宁波家联科技股份有限公司 关于"家联转债"2025 年付息的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、"家联转债"（债券代码：123236）将于 2025 年 12 月 22 日按面值支付第 二年利息，每 10 张"家联转债"（面值 1,000.00 元）派发的利息为人民币 5.00 元 （含税）。 2、付息债权登记日：2025 年 12 月 19 日（星期五）。 3、付息日：2025 年 12 月 22 日（星期一）。 4、除息日：2025 年 12 月 22 日（星期一）。 5、本次付息期间及票面利率：计息期间为 2024 年 12 月 22 日至 2025 年 12 月 21 日，当期票面利率为 0.50%。 7、下一付息期起息日：2025 年 12 月 22 日。 8、下一付息期间利率：0.80%。 宁波家联科技股份有限公司（以下简称"公司 ...

Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 1.865 billion yuan, an increase of 8.25% year-on-year [1] - The net profit attributable to shareholders was -73.81 million yuan, compared to a profit of 67.14 million yuan in the same period last year, representing a significant decline [1] - The net profit after deducting non-recurring gains and losses was -80.80 million yuan, down from 23.35 million yuan year-on-year [1] - The net cash flow from operating activities was -88.97 million yuan, compared to 276 million yuan in the same period last year [1] Future Projections - For 2024, the company is projected to achieve operating revenue of 2.326 billion yuan, a growth of 35.16% year-on-year [3] - The net profit attributable to shareholders is expected to be 57 million yuan, an increase of 25.68% compared to the previous year [3] - The net profit after deducting non-recurring gains and losses is forecasted to be 12.53 million yuan, a decrease of 29.91% year-on-year [3] - The net cash flow from operating activities is anticipated to reach 339 million yuan, reflecting a growth of 131.81% [3] Capital Raising Activities - The company raised a total of 922 million yuan from its initial public offering, with a net amount of 828 million yuan after deducting issuance costs [4] - The funds raised are intended for the construction of production lines for biodegradable materials and high-end plastic products, as well as for a research and development center [4] - In 2023, the company issued 7.5 million convertible bonds at a price of 100 yuan each, raising a total of 750 million yuan, with a net amount of approximately 744 million yuan after expenses [5] Total Fundraising - Since its listing, the company has raised a total of 1.672 billion yuan through two fundraising activities [6]

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。 ...