Core Viewpoint - Ningbo's Zhenhai District export enterprises demonstrate strong resilience amid global trade uncertainties, with a total export value of 30.27 billion yuan from January to October, reflecting a year-on-year growth of 5.3% [1] Group 1: Export Performance - The total export value of Zhenhai District reached 30.27 billion yuan from January to October, showing a year-on-year increase of 5.3% [1] - Duya Electromechanical Technology Co., Ltd. has seen a decline in U.S. orders due to escalating trade tensions, prompting a shift towards the European market [1][2] - The company’s exports to the EU increased by nearly 9 million yuan in the first three quarters compared to the previous year, with an expected annual EU export share of nearly 60% [3] Group 2: Tax Compliance and Support - Zhenhai District's tax authorities provided timely support to enterprises, helping them navigate complex tax regulations and compliance issues when entering new markets [3][4] - Companies like Ningbo Jialian Technology Co., Ltd. have established dedicated tax compliance roles and conducted extensive research on tax regulations in both China and Thailand to ensure compliance [4] - The tax department has facilitated a "one-stop" support platform, collaborating with customs, commerce, and insurance departments to bolster enterprises' confidence in international expansion [5][6] Group 3: Risk Management - Enterprises have identified over 40 tax-related issues and developed a comprehensive understanding of tax laws and practices in their target markets [4] - A cross-border payment risk control mechanism has been established to manage and document transactions, ensuring compliance with tax regulations [4] - The tax department has been proactive in providing risk prevention guidelines and monitoring potential tax compliance issues [3][5]

Market Overview - The home goods sector experienced a decline of 0.19% on November 26, with Jia Lian Technology leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the home goods sector included: - Meike Home (600337) with a closing price of 2.65, up 9.96% and a trading volume of 371,000 shares [1] - Craft Home (301061) closed at 103.12, up 5.87% with a trading volume of 14,700 shares [1] - Dinggu Jichuang (300749) closed at 10.72, up 5.10% with a trading volume of 114,200 shares [1] - Conversely, Jia Lian Technology (301193) saw a significant decline of 10.86%, closing at 20.77 with a trading volume of 97,200 shares [2] - Other notable decliners included: - Huaci Taifen (001216) down 7.98% to 16.73 [2] - Meng Tian Home (603216) down 6.33% to 23.69 [2] Capital Flow - The home goods sector saw a net outflow of 60.86 million yuan from main funds, while speculative funds had a net inflow of 102 million yuan [2] - Retail investors experienced a net outflow of 40.84 million yuan [2] Individual Stock Capital Flow - Meike Home (600337) had a net inflow of 36.72 million yuan from main funds, accounting for 38.17% of its trading volume [3] - Craft Home (301061) saw a net inflow of 23.96 million yuan from main funds, representing 16.00% of its trading volume [3] - Meng Tian Home (603216) had a net inflow of 6.18 million yuan from main funds, but a net outflow of 13.89 million yuan from retail investors [3]

午后3D打印概念震荡下挫，家联科技跌近10%，长江材料、银信科技、海正生材、苏大维格、银邦股 份等跟跌。 ...

Investment Rating - The industry investment rating is "Overweight," indicating that the industry is expected to outperform the overall market [7]. Core Insights - AI empowerment significantly lowers creative barriers, accelerating the arrival of a universal creation era. The Nano Banana Pro version has improved image quality and resolution, enhancing text rendering capabilities and supporting the fusion of 14 images to generate new visuals, providing flexible and efficient tools for 3D printing players [2]. - Technological breakthroughs in multi-color printing are becoming a core competitive advantage for enterprises, driving demand for consumables. Companies like Snapmaker and拓竹科技 are innovating in smart multi-color printing technology, significantly reducing waiting times and material costs [2]. - Increased funding from various enterprises is enhancing the industry ecosystem. DJI and Meituan are investing in 3D printing companies, which will help accelerate product iteration and market promotion [2]. - The industry is expected to maintain high growth rates, with positive export performance. In the first three quarters of 2025, China exported 3.491 million 3D printers, nearing the total of 3.778 million units for 2024, with projections of reaching around 5 million units in 2025 [2]. Summary by Sections Industry Overview - The report highlights the rapid advancements in AI and 3D printing technologies, which are expected to drive consumer demand and enhance the usability of consumer-grade 3D printers [2]. Market Demand - The demand for 3D printers is projected to grow significantly, with exports expected to reach 10.7 billion yuan in 2025, reflecting a strong market outlook [2]. Key Industry Players - Key players in the industry include: - Components:杰普特, 锐科激光, 金橙子 - 3D Scanners: 思看科技, 奥比中光-UW - Materials: 海正生材, 家联科技 - Complete Machines: 拓竹科技, 创想三维, 安克创新, 汇纳科技 [2][3].

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]

11月21日，家联科技涨5.27%，截至发稿，报21.77元/股，成交1.07亿元，换手率3.75%，总市值42.49亿 元。 资料显示，宁波家联科技股份有限公司位于浙江省宁波市镇海区澥浦镇兴浦路296号，成立日期2009年8 月7日，上市日期2021年12月9日，公司主营业务涉及从事塑料制品、生物全降解材料及制品以及植物纤 维制品的研发、生产与销售。主营业务收入构成为：塑料制品84.41%，生物全降解制品14.25%，其他 (补充)1.34%。 从家联科技十大流通股东角度 招商均衡优选混合A（024027）基金经理为吴潇。 截至发稿，吴潇累计任职时间8年330天，现任基金资产总规模120.5亿元，任职期间最佳基金回报 145.29%， 任职期间最差基金回报-13.26%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，招商基金旗下1只基金位居家联科技十大流通股东。招商均衡优选混合A（024027）三季度 新进十大流通股东，持有股数208. ...

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is a leading enterprise in the global plastic dining utensils manufacturing industry, focusing on biodegradable and plant fiber products, with a significant portion of its sales coming from overseas markets [2][3]. Company Overview - Ningbo Jialian Technology was established on August 7, 2009, and went public on December 9, 2021. The company specializes in the research, production, and sales of plastic products (84.41% of revenue), biodegradable products (14.25%), and other products (1.34%) [7]. - The company is located in Zhenhai District, Ningbo, Zhejiang Province, and operates within the light industry manufacturing sector, specifically in home goods [7]. Business Operations - The company primarily exports its products, with 70.47% of sales coming from overseas markets, mainly in North America, Europe, and Oceania. It has established partnerships with well-known supermarkets and chain restaurants [2]. - As of the end of September 2024, overseas revenue accounted for 55.43% of total revenue, benefiting from the depreciation of the RMB [3]. Product Development - 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. Its 3D printing materials have broad application prospects across various fields, including industrial design, education, toys, and medical [2][3]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.865 billion yuan, representing a year-on-year growth of 8.25%. However, the net profit attributable to the parent company was a loss of 73.81 million yuan, a decrease of 209.95% year-on-year [8]. - The company has distributed a total of 98.4 million yuan in dividends since its A-share listing, with 74.4 million yuan distributed over the past three years [8]. Market Activity - On November 19, the company's stock rose by 2.09%, with a trading volume of 74.5343 million yuan and a turnover rate of 2.74%, bringing the total market capitalization to 3.915 billion yuan [1].

Group 1 - The core viewpoint of the article is that Jia Lian Technology (SZ 301193) is actively engaging with investors and has a clear focus on its revenue composition, which is entirely derived from the rubber and plastic products manufacturing industry [1][1][1] - Jia Lian Technology will participate in an investor survey on November 18, 2025, with key representatives including the assistant to the chairman and the securities affairs representative [1][1][1] - As of the report, Jia Lian Technology has a market capitalization of 3.8 billion yuan [1][1][1] Group 2 - For the year 2024, the revenue composition of Jia Lian Technology is 100% from the rubber and plastic products manufacturing sector [1][1][1]

Group 1: Business Performance - The company's overseas sales have returned to a growth trajectory, with significant improvements in performance during the third quarter as production capacity at the Thailand factory was rapidly released [2][3] - The Thailand factory has successfully transitioned North American customer orders to its production base, ensuring smooth delivery [4] Group 2: Production Capacity - The Thailand factory is currently in a critical phase of capacity ramp-up, with production equipment debugging and process optimization underway. The overall capacity utilization rate is gradually increasing but has not yet reached a high level [5] - The 3D printing filament production line in Thailand has entered a stable production phase, with performance validated by customers and expected to reach full capacity by the end of the year [5] Group 3: Market Outlook - Despite uncertainties in the global trade environment, the company sees significant development opportunities in overseas markets, leveraging a network system of "headquarters economy, Chinese R&D, global manufacturing, and localized services" [6] - The Thailand factory will drive sustainable growth by deepening services in overseas markets, accelerating new product line projects, and continuously improving cost structures through scaled manufacturing and operational optimization [6]

Core Viewpoint - The stock of Ningbo Jialian Technology Co., Ltd. experienced a 6.21% increase on November 13, with a trading volume of 152 million yuan and a market capitalization of 3.904 billion yuan [1] Company Overview - Ningbo Jialian Technology Co., Ltd. specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a significant focus on biodegradable materials [2][7] - The company is a leading manufacturer in the global plastic dining utensils industry, with 70.47% of its sales coming from exports, primarily to developed regions such as North America, Europe, and Oceania [2][3] - As of September 30, 2025, the company reported a revenue of 1.865 billion yuan, reflecting 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] Business Segments - The main revenue sources for the company are plastic products (84.41%), biodegradable products (14.25%), and other products (1.34%) [7] - The company is actively expanding its online market through cross-border e-commerce platforms [2] International Operations - As of the 2024 annual report, overseas revenue accounted for 55.43% of total revenue, benefiting from the depreciation of the Chinese yuan [3] - The company has established a significant overseas production capacity in Thailand, which includes production lines for 3D printing materials, plastic dining utensils, and home products [3] Market Position and Trends - The company is positioned within the light industry manufacturing sector, specifically in home goods, and is involved in various concept sectors including cross-border e-commerce and 3D printing [7] - The average trading cost of the stock is 20.31 yuan, with recent buying activity indicating a potential accumulation phase, although the strength of this accumulation is not strong [6]