9月30日，据上交所官网，杭州易加三维增材技术股份有限公司（下称"易加增材"）更新招股书。公司 核心元器件较为依赖进口、经营性现金流持续为负、大额旧账未能完全收回藏隐忧。 招股书显示，易加增材成立于2015年，是一家主要专注于研发、生产和销售工业级增材制造（3D 打 印）设备的高新技术企业，其产品主要应用于航空航天、精准医疗等领域，具有较高的技术门槛和行业 壁垒。 值得一提的是，报告期内，公司经营性现金流呈恶化趋势。2024年净流出9379万元，较2023年净流入 1967万元，同比暴跌576%；2025年上半年，公司经营性现金流继续净流出3007.95万元。 业绩方面，易加增材近年来的营收和利润增长较为稳健。2022年至2024年及2025年上半年（下称"报告 期"），公司实现营业收入分别为2.47亿元、4.09亿元、4.71亿元、2.54亿元；归母净利润分别为2892.60 万元、6858.15万元、9881.34万元、5140.38万元。 易加增材解释称，流出金额增速较流入金额更高，主要原因为存货和应收账款余额增长较快，符合公司 快速成长的企业发展阶段特征。 报告期内，考虑到增材制造市场蓬勃发展，且公司 ...

点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 新材料是新一轮科技革命和产业变革的基石与先导，是支撑现代化产业体系建设、培育新质生产力的关 键领域。加快发展新材料产业，对推动我国产业基础高级化、产业链现代化，实现高水平科技自立自 强，建设制造强国、质量强国具有重大战略意义。为系统谋划"十五五"时期新材料产业发展蓝图，依据 国家"十五五"规划纲要总体部署和《中国制造2035》战略要求，特制定本规划。 一、产业背景与发展形势 （一）"十四五"发展回顾 "十四五"期间，我国新材料产业规模持续壮大，创新能力显著提升，部分领域取得突破性进展。产业总 产值突破8.2万亿元，年均增速保持12%以上。关键战略材料保障能力稳步提高，前沿新材料研发与产 业化步伐加快。 ——成就： 在 超高强度钢、高性能碳纤维、半导体硅片、锂离子电池关键材料、生物医用材料 等领域 实现技术突破和规模化应用； 材料基因组、增材制造等 新方法应用深化；国家级新材料平台建设取得 成效；产业集聚效应增强，形成若干特色产业集群。 ——挑战： 部分 高端材料（如高端芯片用光刻胶、高纯度靶材、航空发动机 ...

●增材制造是通过3D打印方式制造零部件的技术，可以实现复杂、精密、轻量化零件的高效一体化加工 ●四川增材制造产业集群效应加速显现，初步形成多地集聚、多领域突破的发展格局，涵盖技术研发、 装备制造、材料供应、打印服务等多领域 ●四川大学、重庆大学等高校与长安汽车、东方电气等大型制造企业共建联合实验室，逐步形成"互配 互采"共同发展的产业合作新模式 □四川日报全媒体记者 文露敏 杜杰 中国增材制造产业联盟副秘书长李方正透露：据测算，2024年我国增材制造产业营收达530亿元，同比 增长32.5%。近5年复合增长率达26%，产业规模连续五年稳居全球第二位。 尤其是在航空航天、低空经济、汽车制造等领域，增材制造成为轻量化零部件和集成化结构件快速制造 的"利器"。 成立于2017年的彭州先临三维科技有限公司，已在相关领域闯出一片天地。"今年，公司还启动了商业 航天赛道的布局，希望能形成新的产业增量。"彭州先临销售副总黄茂表示。 商业液体火箭有多个发动机，每个发动机有上百万元价值的零件需要打印，在保证稳定性的情况下，最 大程度地实现轻量化，3D打印很有潜力。 为此，彭州先临的母公司海川鑫瑞（成都）科技有限公司计 划在彭州 ...

Group 1 - The company has developed high fluidity low oxygen content printing copper powder [1] - This new product can be used for additive manufacturing of liquid cooling plates [1] - The development meets the demands of downstream customers [1]

Group 1 - The core viewpoint highlights the significant advancements in China's military technology, showcasing new equipment such as unmanned systems and advanced weaponry, reflecting the country's technological innovation capabilities [1][2][3] - The display of domestic military equipment at the recent parade symbolizes China's commitment to safeguarding national sovereignty and maintaining global peace [2][3] - The rise of China's defense technology industry mirrors the overall development trajectory of the nation, indicating a strong correlation between military advancements and national progress [3] Group 2 - Recent breakthroughs in artificial intelligence and robotics are accelerating the transformation of advanced technologies into practical applications, with a focus on creating a comprehensive ecosystem for smart products [4][6] - The report indicates that by mid-2025, China will have registered 439 large models across various industries, demonstrating the rapid growth of AI applications in sectors like healthcare, agriculture, and finance [7] - The industrial robot market in China is projected to reach sales of 302,000 units in 2024, maintaining its position as the largest industrial robot market globally for 12 consecutive years [7] Group 3 - The market for intelligent robotic dogs in China is expected to grow significantly over the next five years, with an annual compound growth rate of 37.5%, potentially exceeding 5 billion yuan [8] - The development of low-altitude equipment is advancing rapidly, with over 4 million units in operation and around 1,400 companies involved in the sector, emphasizing the trend towards unmanned, electric, and intelligent technologies [8] - The transition from technological breakthroughs to large-scale applications is evident, with AI expected to become ubiquitous across various industries, enhancing the practicality and intelligence of robots and unmanned services [8]

Group 1 - The core viewpoint emphasizes that "Artificial Intelligence +" is not only a frontier direction of technological development but also relates to the real concerns of the public [2] - The integration of artificial intelligence into various sectors is expected to empower industries and benefit households, transforming consumer behavior from "having or not having" to "how good it is" [2] - The "Artificial Intelligence +" initiative will accelerate the fusion of AI with cutting-edge technologies such as the metaverse, low-altitude flight, additive manufacturing, and brain-computer interfaces, leading to continuous innovation of new products and forms [2] Group 2 - The ongoing promotion of the "Artificial Intelligence +" initiative is anticipated to make work smarter, learning more efficient, life better, and consumption richer, integrating "intelligence" into every household [2] - The initiative aims to ensure that technological achievements benefit everyone, enhancing the overall quality of life [2]

Group 1 - The core viewpoint of the article is that the "Artificial Intelligence +" initiative will transform consumer behavior from merely having products to focusing on the quality of those products, thereby unlocking new consumption potential [1] - The initiative will expand service consumption scenarios by improving quality of life in areas such as entertainment, e-commerce, housekeeping, property management, transportation, elderly care, and childcare, catering to diverse consumer needs [1][2] - New product consumption formats will emerge, with the proliferation of smart devices like smart homes and connected vehicles, creating an all-encompassing intelligent interaction environment [1] Group 2 - "Artificial Intelligence +" will enhance work efficiency by improving traditional job environments, reducing labor burdens, and lowering safety risks, particularly in high-risk sectors like mining and construction [2] - The initiative will facilitate effective education by integrating AI into all aspects of teaching and learning, promoting a shift from knowledge transmission to skill development, and enabling personalized education [2] - AI applications in social services, such as healthcare and cultural industries, will significantly improve the quality of life by enhancing medical services and promoting cultural production with Chinese cultural elements [3]

Core Viewpoint - The National Development and Reform Commission (NDRC) emphasizes the importance of the "Artificial Intelligence +" initiative, aiming for significant integration of AI across six key sectors by 2027, with a target application penetration rate exceeding 70% for new intelligent terminals and systems [1][11]. Group 1: AI Integration and Economic Impact - By 2027, the initiative aims for AI to be widely integrated into six key sectors, enhancing public governance and establishing a robust AI cooperation framework [1][11]. - The "Artificial Intelligence +" initiative is expected to transform consumer behavior from merely having products to prioritizing quality, enhancing service consumption across various sectors such as entertainment, e-commerce, and healthcare [1][17]. - The initiative will foster new consumption patterns through the proliferation of smart devices and applications, creating a comprehensive intelligent interaction environment [1][17]. Group 2: Policy Framework and Implementation - The NDRC has established a collaborative mechanism involving 42 departments to ensure effective implementation of the "Artificial Intelligence +" initiative, focusing on coordinated efforts and information sharing [2][5]. - The initiative outlines four key principles: collaborative action, localized strategies, sector-specific policies, and open sharing of resources [2][5]. - The NDRC plans to develop specific implementation plans for various sectors, ensuring a unified policy approach to support AI integration [14]. Group 3: Global Cooperation and Standards - The "Artificial Intelligence +" initiative introduces a global cooperation aspect, aiming to share AI advancements and address global challenges collaboratively [9]. - The NDRC emphasizes the importance of establishing standards for AI applications to facilitate interoperability and enhance collaborative efforts across sectors [14]. Group 4: Societal Benefits and Quality of Life - The initiative aims to improve work environments and reduce labor risks through AI applications in high-risk industries, enhancing overall worker safety [17]. - AI is expected to revolutionize education by providing personalized learning experiences and improving access to quality educational resources, particularly in underdeveloped areas [17]. - The initiative will enhance the quality of life through improved healthcare services, smart home technologies, and cultural content creation, ultimately benefiting the general public [17][18].

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued an opinion on the implementation of the "Artificial Intelligence +" initiative, focusing on the integration of AI into various sectors to enhance people's lives and promote economic development [1] Group 1: Intelligent Work Environment - AI technology is expected to improve traditional job environments, reduce labor burdens, and lower safety risks, particularly in high-risk sectors like mining and construction [2] - AI training programs will help workers adapt to new tools and industries, stimulating employment and innovation [2] - Employment risk assessments will identify and mitigate potential structural unemployment risks, guiding resources to sectors with high job creation potential [2] Group 2: Enhanced Education Efficiency - AI will be integrated into all aspects of education, shifting the focus from knowledge transmission to skill development [3] - Customized educational products, such as intelligent learning companions, will facilitate personalized learning experiences [3] - AI can help students in underdeveloped areas access quality educational resources, promoting educational equity [3] Group 3: Improved Quality of Life - AI applications in social services, such as healthcare and elder care, will significantly enhance grassroots medical services and improve overall living standards [4] - The cultural industry will benefit from AI-assisted content creation, promoting Chinese cultural elements and enhancing cultural exchange [4] Group 4: Optimized Consumption Structure - The "Artificial Intelligence +" initiative will shift consumer focus from mere availability to quality, expanding service consumption in areas like entertainment, e-commerce, and elder care [5] - New product consumption models will emerge, with smart devices and technologies creating a comprehensive intelligent interaction environment [5] - The integration of AI with cutting-edge technologies will drive continuous product innovation and unleash new consumption potential [5]

Group 1 - The State Council issued an opinion on August 26 to promote the "Artificial Intelligence +" initiative, focusing on cultivating new consumption formats for products and advancing smart terminal integration [1] - The initiative emphasizes the development of smart connected vehicles, AI smartphones and computers, smart robots, smart homes, and wearable devices, aiming to create an integrated smart interaction environment [1] - The robotics sector is highlighted as a significant application of artificial intelligence, leading to increased activity in the robotics market [1] Group 2 - The automotive parts ETF closely tracks the CSI Automotive Parts Theme Index, which includes companies involved in automotive systems, interiors, electronics, and tires, reflecting the overall performance of listed companies in the automotive parts sector [1] - As of July 31, 2025, the top ten weighted stocks in the CSI Automotive Parts Theme Index account for 40.36% of the index, with notable companies including Huichuan Technology, Fuyao Glass, and Sanhua Intelligent Control [2] - The automotive parts ETF has several connection products, including Ping An CSI Automotive Parts Theme ETF Connect A, C, and E [2]