增材龙头冲刺IPO，抢占商业航天千亿赛道

Core Insights - The commercial aerospace index has seen a continuous rise, with a total market value exceeding 8.9 trillion yuan, indicating a strong focus from both capital markets and the industry on this sector [1] - Hangzhou E-Additive Manufacturing Technology Co., Ltd. (E-Additive) is positioned as a key supplier in the commercial aerospace manufacturing equipment sector, leveraging its advanced large-scale metal 3D printing technology [1][3] - The company is preparing for an IPO on the Sci-Tech Innovation Board, aiming to raise 1.205 billion yuan to enhance its core business [2][3] Company Performance - E-Additive's revenue is projected to grow from 247 million yuan in 2022 to 471 million yuan in 2024, reflecting a compound annual growth rate of 38.06% [3] - The net profit attributable to the parent company is expected to increase from 28.93 million yuan to 98.81 million yuan during the same period, showcasing the company's improving profitability [3] Technological Advancements - E-Additive has developed significant technological capabilities, including over 130 authorized patents and participation in national standards formulation, establishing itself as a key player in the industry [3] - The company has addressed critical manufacturing challenges in aerospace, such as reducing the weight of rocket engines by over 50% and shortening delivery times from months to weeks through its 3D printing technology [5] Market Demand - The demand for E-Additive's solutions is evident as it serves leading commercial aerospace companies, contributing to the production of critical components for various rocket engines [6] - The company is also expanding its international presence, having established subsidiaries in Germany and the USA, and forming strategic partnerships to enhance its global service network [6] Industry Outlook - The commercial aerospace sector is entering a new phase of large-scale development, supported by national policies and funding, with a focus on satellite deployment and deep space exploration [8] - E-Additive is expected to leverage its technological and market advantages through capital market support, positioning itself as a leading player in the burgeoning trillion-yuan commercial aerospace market [8]