机械设备行业动态跟踪：光束整形技术成倍提升打印效率，3C核心厂商众山精密布局3D打印全产业链

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% in the next 6 months [9][16]. Core Insights - The report highlights that the 3D printing sector is entering a phase of large-scale production, driven by companies like Zhongshan Precision Technology, which is establishing a comprehensive 3D printing industrial chain with a planned total investment exceeding 10 billion yuan [4][7]. - The adoption of 3D printing technology is gaining momentum among major consumer electronics brands, with companies like Honor, OPPO, and Apple actively integrating 3D printing into their products [4]. - A breakthrough in beam shaping technology by Huashu High-Tech has significantly improved printing efficiency, doubling the sintering efficiency compared to traditional Gaussian beams, while maintaining high material density [5]. Summary by Sections Industry Dynamics - The Guangzhou government has signed a framework agreement with Zhongshan Precision to develop a comprehensive additive manufacturing industrial base, with an expected annual output value exceeding 20 billion yuan [4]. - The report notes a trend of cost reduction in the industry, with the price of titanium alloy powder for 3D printing expected to drop from 600 yuan/kg in 2023 to below 300 yuan/kg in 2024, a decrease of 50% [6]. - The report also mentions that the price of sponge titanium is projected to decline, reaching historical lows, which will further support cost reduction in the industry [6]. Investment Recommendations - The report suggests focusing on companies such as Bolite (a leader in domestic metal 3D printing), Huashu High-Tech (a leading 3D printing company driven by technological innovation), Jintaiyang (a key player in post-processing for 3D printing), and Dazhu Laser (a core component supplier for 3D printing) [7].