中证报中证网讯(程雪儿熊永红)12月17日，鸿日达（301285）与联想摩托罗拉3D打印联合实验室正式启 动。联合实验室将聚焦三大核心：一是实现复杂结构件制造经济性与精密性双保证；二是打造"研发— 测试—量产"闭环，缩短成果转化周期；三是联动产学研，培育创新力量。 据了解，鸿日达是专业从事精密连接器、精密结构件及配套模具研发、生产的国家级高新技术企业，其 产品广泛应用于消费电子、汽车电子等领域。近年来，鸿日达在继续加强连接器、机构件产品拓展的同 时，以半导体封装级金属散热片、光通信器件及3D打印产品等作为公司创新业务的重点发展方向，优 化主营产品结构、打造第二增长曲线。 鸿日达相关人士介绍，鸿日达已拥有3D打印、CNC、慢走丝、电火花、热处理、抛光、电镀、PVD、 注塑等各类设备数百台，是具备"设备研制—产品打印—后端加工"全流程全自研工艺的厂商。公司3D 打印技术的应用领域包括消费电子结构件、半导体散热模组、智能穿戴产品等。目前，鸿日达运用3D 打印技术制作的新产品已经开始对消费电子和计算机行业的客户进行送样，并有小批量产品交付。 鸿日达表示，公司正积极从精密零部件制造商向"精密制造+解决方案"供应商升级， ...

Core Points - The stock price of Shuangyi Technology has decreased by 2.01% on December 18, trading at 30.64 CNY per share with a market capitalization of 5.066 billion CNY [1] - Year-to-date, the stock price has increased by 36.79%, but it has seen a decline of 4.16% in the last five trading days [2] Financial Performance - For the period from January to September 2025, Shuangyi Technology achieved a revenue of 730 million CNY, representing a year-on-year growth of 15.41%, and a net profit attributable to shareholders of 145 million CNY, which is a significant increase of 125.25% [2] - The company has distributed a total of 452 million CNY in dividends since its A-share listing, with 94.248 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, the number of shareholders for Shuangyi Technology is 33,800, a decrease of 1.14% from the previous period, while the average number of circulating shares per person has increased by 1.16% to 3,277 shares [2]

近日，全球消费级3D打印赛道再迎资本大动作！深圳跨境公司快造科技（Snapmaker）正式官宣完成数 亿元B轮融资。 本轮由高瓴创投、美团联合领投，雷军旗下顺为资本携手美团龙珠、南山战新投跟投，老股东同创伟 业、东证资本持续加码，一举创下2025年消费级3D打印领域融资规模新纪录。 值得关注的是，这已是快造科技一年内完成的第四次融资。密集的资本注入不仅印证了品牌在全球市场 的核心竞争力，更释放出明确信号——消费级3D打印行业已迈入爆发增长期。 一、雷军押注，资本狂潮下3D打印赛道"热"力全开！ 快造科技（Snapmaker）成立于2016年，总部位于深圳，是全球消费级3D打印领域的代表性企业。其产 品涵盖三合一多功能打印机、独立双头打印机及高效多色打印机等多个核心品类。 今年，快造推出的旗舰产品U1四打印头多色智能桌面3D打印机在Kickstarter创下行业众筹纪录——从全 球20,643名支持者募集到20,577,877美元（约合1.47亿人民币），成为该平台迄今募资金额最高的3D打 印机项目，目前仍供不应求。 创始人陈学栋表示，本轮融资将主要用于三个方面：攻关多色打印与高速成型等核心技术、引进全球顶 尖 ...

Group 1 - The company has launched several new products in the field of 3D printing dental restoration materials, including base resin, implant guide resin, and crown bridge resin [2] - These new resins feature higher flexural strength and modulus, effective compression resistance without deformation, improved durability, and color stability [2] - The crown bridge resin has successfully obtained FDA certification in the United States [2]

作者|娅沁 声明|题图来源于网络。惊蛰研究所原创文章，如需转载请留言申请开白。 3D打印，又称增材制造，是一种基于数字模型文件、使用可粘合材料逐层堆叠成实物的技术。简单来 说，只要能在电脑上设计出三维模型，它就能将数字模型变为实物——从精致的手办、实用的家居摆件 到个性化配件，形态几乎不受限制。 最初，3D打印技术主要应用于工业、航天、医疗等专业领域，随后逐步拓展至教育、影视、游戏等行 业。近年来，3D打印走出专业圈层，融入日常生活，成为普通人也可使用的创作工具。 在拓竹、创想三维等国产品牌的推动下，如今3D打印设备价格已下探至千元级别。随着设备操作流程 日益简化、免费模型资源不断丰富，AI建模工具也逐渐普及，使得技术门槛、成本大幅降低。 *本文为惊蛰研究所X新浪财经头条联合出品 如果你逛过周末的创意市集，或许已经注意到，3D打印的摊位正变得越来越常见。曾几何时，3D打印 还只是科技新闻中的热门概念；如今，一台性能不错的入门机型，价格已降至两三千元，甚至千元以内 也有了选择。 亲民的价格、简化的操作，加上丰富的免费模型资源，让越来越多人愿意动手尝试。更有人将其发展为 副业，在市集摆摊、在线接单"代打"，或为特 ...

Core Insights - The trend of foreign tourists purchasing Chinese technology products has become prominent, with items like foldable phones and AI glasses being popular souvenirs [1][4] - China's visa policies have been optimized, allowing for easier access for tourists, which has expanded their shopping experiences beyond traditional attractions to tech hubs [1][2] - The shift towards immersive shopping experiences is transforming consumer behavior, with technology products serving as a new medium for cultural exchange [3][4] Group 1: Technology Products and Consumer Behavior - Foreign tourists are increasingly drawn to Chinese tech products, which are seen as unique souvenirs that reflect modern innovation and culture [1][4] - The shopping experience has evolved from simple transactions to immersive environments where consumers can engage with products, such as 3D printing experiences [3][4] - The integration of AI technology in products, such as real-time translation glasses, enhances communication and cultural exchange among tourists [2][3] Group 2: E-commerce and Supply Chain Innovations - The rapid growth of e-commerce in China is characterized by quick delivery times and a fully digitalized supply chain, significantly improving the shopping experience for international customers [5][6] - Companies are leveraging AI to optimize product selection and marketing strategies, leading to faster response times and increased efficiency in the supply chain [6][7] - The emergence of flexible supply chains allows for quick adaptations to consumer demands, exemplified by the success of innovative products like solar-powered hats [6][7] Group 3: Enhancing Consumer Experience - Simplified tax refund processes for international tourists, such as "immediate buy and refund" services, are enhancing the shopping experience and encouraging more purchases [8][9] - The use of technology in retail, such as self-service tax refund applications, is streamlining the purchasing process and improving customer satisfaction [8][9] - Social media plays a crucial role in promoting Chinese tech products, as tourists share their experiences, thereby increasing brand visibility and consumer interest [9][10] Group 4: Global Positioning of Chinese Manufacturing - China's manufacturing sector is transitioning from a cost-driven model to one focused on technology and brand innovation, establishing a sustainable competitive edge in the global market [7] - The narrative of Chinese manufacturing is shifting from being merely a "world factory" to becoming a global hub for innovative consumer experiences [9][10] - The cultural significance of technology products is being recognized globally, as they serve as a bridge for understanding Chinese lifestyle and innovation [4][9]

Group 1: Macroeconomic Insights - The report highlights a decline in both fiscal revenue and expenditure in November, with general fiscal revenue growth turning negative and both tax and non-tax revenue growth slowing down [3] - Cumulative fiscal expenditure from January to November was 83.7%, significantly below the seasonal average of 86.7% over the past three years, indicating a slower spending pace [3] - If December's expenditure growth can rise to 10%, the total fiscal revenue for the year could exceed expenditure by approximately 630 billion, potentially creating a surplus to support 2026 spending [3] Group 2: Employment and Monetary Policy - The U.S. non-farm employment data for October and November showed significant volatility, primarily due to government sector disruptions, while the private sector remained stable [4] - The unemployment rate slightly increased, indicating a moderate slowdown in overall employment, yet the resilience of the job market remains strong [4] - Market expectations for interest rate cuts by the Federal Reserve remain unchanged, with a 24% probability of a rate cut in January 2026, suggesting a critical period for monetary policy decisions [4] Group 3: 3D Printing Industry Overview - The global 3D printing market is projected to reach $21.9 billion in 2024, with printers and services accounting for 74% and materials for 20% of the market [7] - The consumer-grade 3D printing market is expected to grow from $4.1 billion in 2024 to $16.9 billion by 2029, with Chinese manufacturers dominating 94% of the global market [8] - Industrial-grade 3D printing is heavily utilized in the aerospace sector, with significant revenue contributions from companies like Plutotech and Huazhu High-Tech, indicating a robust growth trajectory in commercial space endeavors [9] Group 4: Investment Opportunities in 3D Printing - The report identifies key players in the consumer-grade 3D printing market, including TuoZhu Technology and Chuangxiang Sanwei, which are expected to benefit from the industry's accelerated growth [10] - The industrial-grade 3D printing market is also highlighted, with companies like Plutotech and Huazhu High-Tech positioned to capitalize on the increasing demand for advanced manufacturing solutions [10] - The report emphasizes the potential of 3D printing technology in various sectors, including electronics and aerospace, suggesting a broad range of investment opportunities [10]

本报讯(记者陈红)12月17日，深耕精密制造领域20年的鸿日达（301285）科技股份有限公司(以下简 称"鸿日达")与联想摩托罗拉正式揭牌成立3D打印联合实验室。联想摩托罗拉全球研发中心上海开发部 负责人史永来、鸿日达集团副总经理焦允忠及相关人士出席揭幕仪式。 鸿日达代表在揭牌仪式上表示，公司将全力投入资源，与联想摩托罗拉共同深化3D打印技术在电子产 品结构件、散热部件等场景的应用探索。双方将以技术创新为桥梁，推动智能制造转型升级，在消费电 子3D打印市场抢占先机，为用户带来更轻、更薄、性能更优的产品解决方案，助力国产3D打印技术在 消费电子领域实现更高水平国产替代。 联合实验室将聚焦金属3D打印工艺的开发与应用，重点攻克通信设备轻量化、结构设计复杂化的核心 升级需求，确立三大核心目标：一是实现复杂结构件制造经济性与精密性的双重保障；二是打造"研发 —测试—量产"全流程闭环，缩短技术成果转化周期；三是联动产学研多方资源，培育行业创新力量。 此次合作实现强强联合、优势互补。鸿日达本部位于江苏昆山，是江苏省高新技术企业，拥有百余项国 家专利及完备的认证体系。其控股子公司鸿拓鑫三维科技(东台)有限公司专司3D打印 ...

12月17日，鸿日达(301285)与联想摩托罗拉3D打印联合实验室迎来启航时刻。联想摩托罗拉全球研发中 心上海开发部负责人史永来、鸿日达副总经理焦允忠及相关人士出席揭幕仪式。双方设立的联合实验室 聚焦金属3D打印工艺，正是瞄准通信设备轻量化、结构设计复杂化的升级需求。 3D打印在轻量化、集成化、复杂结构成型等领域有着先天优势。其中，消费电子行业是3D打印技术的 重要应用场景之一。例如，折叠屏手机的铰链、手表和手机中框等精密零部件等，都可以应用3D打印 技术进行生产。据了解，鸿日达运用3D打印技术制作的新产品已经开始对消费电子和计算机行业的客 户进行送样，并有小批量产品交付。 如今，鸿日达与联想摩托罗拉设立联合实验室，有望推动公司在3D打印领域实现新的突破。据了解， 联合实验室将聚焦三大核心：一是实现复杂结构件制造经济性与精密性双保证；二是打造"研发—测试 —量产"闭环，缩短成果转化周期；三是联动产学研，培育创新力量。鸿日达相关人士表示，公司将全 力投入资源，与联想摩托罗拉并肩深耕，以技术为桥，共创行业新价值。 作为国内连接器行业头部企业，鸿日达在继续加强连接器、机构件产品拓展的同时，以半导体封装级金 属散热 ...

Core Insights - The 3D printing technology has transitioned from experimental stages to becoming a core productivity driver in high-end manufacturing, evidenced by successful applications in aerospace and robotics [1] - The global 3D printing market is projected to reach $21.9 billion in 2024 and is expected to grow to $114.5 billion by 2034, indicating a significant expansion phase [2] - Chinese manufacturers dominate the entry-level equipment market with over 90% market share, supported by rapid technological advancements and cost advantages [4] Market Growth - The 3D printing industry has entered a phase of large-scale expansion, with a notable increase in domestic exports, reaching 3.77 million units valued at 8.9 billion yuan in 2024 [4] - The export volume is expected to exceed 5 million units in 2025, with a potential for export value to surpass 10 billion yuan for the first time [4] Technological Advancements - Significant improvements in SLM metal printing precision and carbon fiber 3D printing have enhanced capabilities for aerospace and automotive applications [5] - AI modeling technology and advancements in consumer-grade 3D printing have made the technology more accessible, reducing operational complexity and costs [5] Application Expansion - The demand for 3D printing in humanoid robotics and commercial aerospace is rapidly increasing, with 3D printing reducing the number of parts in rocket engines by 80% and costs by 90% [6] - The consumer market is also experiencing a surge, with sales of 3D printed toys and custom home goods tripling during major shopping events [8] Investment Opportunities - The industry is poised for growth in 2025, driven by increased orders and capital investment, with three main investment lines identified: core equipment, core materials, and emerging applications [9] - Key players in industrial-grade 3D printing, such as Platinum and Huazhu, are well-positioned to benefit from the growing demand [9] - The domestic production of core materials, such as titanium alloy powders, is becoming increasingly competitive, with significant cost advantages over imports [10] Conclusion - The evolution of 3D printing technology from concept to reality has established it as a core production force, with Chinese companies leading in both consumer and industrial markets [12] - The structural opportunities in the industry, driven by exports and domestic production, warrant close attention from investors [12]