Group 1 - The core viewpoint is that 3D printing is accelerating its penetration in the consumer electronics sector, with applications in foldable device hinges and watch/mobile phone frames expected to mark a new era [1] - The global semiconductor market is projected to exceed $200 billion for the first time in Q3 2025, with a quarter-on-quarter growth of 15.8%, marking the highest growth rate since 2009 [1] - AI training and inference cost reductions are driving application prosperity, with significant potential in edge AI, particularly through devices like headphones and glasses [1] Group 2 - The next three years will see "advanced process expansion" as a key focus for self-controlled development, with CoWoS and HBM positioning themselves to capitalize on AI industry trends [1] - Storage prices are rebounding from their lows, and the utilization rate in packaging and testing is gradually increasing, benefiting from the advanced packaging demand driven by AI chips [1] - The 信创 ETF (159537) tracks the 国证信创指数 (CN5075), which selects listed companies in the semiconductor, software development, and computer equipment sectors to reflect the overall performance of the information technology innovation theme [1]

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is experiencing growth in its stock price and market activity, driven by its focus on biodegradable plastics, 3D printing, and cross-border e-commerce, benefiting from the depreciation of the RMB and the Belt and Road Initiative [1][2]. Company Overview - Ningbo Jialian Technology specializes in the research, production, and sales of plastic products, biodegradable products, and plant fiber products, with a revenue composition of 84.41% from plastic products, 14.25% from biodegradable products, and 1.34% from other sources [7]. - The company was established on August 7, 2009, and went public on December 9, 2021 [7]. 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 73.8145 million yuan, a decrease of 209.95% year-on-year [8]. - As of September 30, 2025, the company had a total of 6,828 shareholders, an increase of 15.61% from the previous period, with an average of 20,195 circulating shares per person, down by 11.47% [8]. Market Position and Strategy - The company is a leading player in the global plastic dining utensils manufacturing industry, with 70.47% of its sales coming from exports in 2021, primarily to developed regions such as North America, Europe, and Oceania [2][3]. - The company has also expanded its online market presence through cross-border e-commerce platforms [2]. Production Capacity and Expansion - The company has established a significant overseas production capacity in Thailand, which includes production lines for 3D printing materials, plastic dining utensils, home products, and plant fiber products, with these lines gradually entering production [3]. Stock Market Activity - On December 5, the company's stock rose by 2.10%, with a trading volume of 48.63 million yuan and a turnover rate of 1.70%, leading to a total market capitalization of 4.075 billion yuan [1].

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 行业定义 3D打印（3D Printing）是一种以数字化三维模型为基础，通过逐层累积材料（如金属粉末、光敏树 脂、工程塑料等）直接构造实体的技术体系。该技术体系涵盖了从模型设计、切片处理、材料选择到 打印成型与后处理的全流程制造环节，其核心在于将传统"减材制造"的去除式加工转变为"从无到 有"的叠加式成型。 当前，制造业发展范式正从大规模标准化生产逐步转向支持复杂结构、小批量定制化的敏捷制造。3D 打印作为"数字化制造"的代表性技术，凸显出其在此趋势下的独特价值。它不仅在原型开发、模具制 造、文化创意等领域提供快速成型的解决方案，更深入至航空航天、医疗健康、汽车工业等高端产 业，为复杂构件个性化定制、轻量化结构设计以及传统工艺难以实现的异形件制造提供了新的技术路 径。 尽管 3D打印目前也存在一些限制因素。例如，在材料方面，虽然高端工业打印可以实现塑料、某些 金属或者陶瓷的打印，但能够打印的材料种类仍相对有限，部分材料成本较高。在加工速度 ...

Investment Rating - The report indicates a positive investment outlook for the invisible orthodontics industry in China, projecting a compound annual growth rate (CAGR) of 13.9% from 2024 to 2030, with the market size expected to grow from 145 billion yuan in 2024 to 316 billion yuan by 2030 [8][9]. Core Insights - The invisible orthodontics market in China is characterized by a large patient population suffering from malocclusion, with a higher prevalence of complex cases compared to Western countries. The market is currently dominated by two major players, Angelalign and Invisalign, while local brands are emerging [5][6]. - The industry is experiencing rapid growth driven by technological advancements, increased consumer awareness, and a shift towards personalized treatment options. The competition is intensifying, but the overall market is expected to maintain a high growth trajectory [5][6][9]. Market Background - The invisible orthodontics industry in China has evolved over the past 20 years, transitioning from technology introduction to local innovation. Key milestones include the establishment of the first 3D printing production line for invisible aligners in 2007 and the introduction of regulatory frameworks to standardize the market [6][7]. - The demand for invisible orthodontics is significantly increasing due to rising aesthetic standards and the preference for less visible treatment options among consumers [5][8]. Market Status - The market size for invisible orthodontics in China is projected to reach 145 billion yuan in 2024, with a CAGR of 13.9% expected until 2030. The demand is driven by a high prevalence of malocclusion and the advantages of invisible aligners over traditional braces [8][9]. - The supply side is seeing advancements in materials technology, particularly in the development of heat-pressed film materials that enhance the performance of aligners [10]. Market Competition - The competitive landscape is marked by a "dual oligopoly" structure, with Angelalign and Invisalign leading the market. These companies leverage continuous technological innovation and extensive clinical data to build competitive advantages [16][17]. - The report identifies ten recommended brands in the market, highlighting their unique strengths and market positioning, such as Angelalign's extensive clinical database and Invisalign's patented technology [18][19][20]. Development Trends - The report outlines several key trends shaping the future of the invisible orthodontics industry, including enhanced control capabilities, increased predictability through AI and big data, reduced chairside time due to smart manufacturing, and expanded application flexibility through digital integration [31][32][33][34].

Suspension and Resumption - Zhongwei Electronics is planning a change in company control, leading to a stock suspension [1] Mergers and Acquisitions - China National Petroleum Corporation has signed contracts totaling 40 billion yuan to acquire 100% equity in three gas storage companies [2] - Beijiete plans to acquire a controlling stake in Yunnan Wenye Nonferrous Metals Co., achieving a strategic layout for upstream key raw material supply, enhancing the entire industry chain of antimony mining, smelting, production, recycling, and resource assurance [2] Share Buybacks - Dong'a Ejiao intends to repurchase company shares worth between 100 million to 200 million yuan [3] Investment Cooperation and Operational Status - Chaoying Electronics plans to increase investment by 100 million USD in its Thai subsidiary for an AI computing power advanced printed circuit board expansion project [4] - Tongyu Communication's participation in the launch of Blue Arrow Aerospace's "Zhuque-3" will help its stake in the core satellite component company Hongqing Technology accelerate the acquisition of domestic and international commercial orders [4] - Huashu High-Tech intends to jointly invest with related parties to establish a joint venture in the 3D printing service sector [5] - GeKong Micro has received orders for its 0.7-micron 50 million pixel image sensor products from internationally renowned ODM brands [6] - Weiguang Biological plans to sign a technology cooperation contract for blood products worth 16 million USD [7] - Xingfa Group's subsidiary has signed a contract for the entrusted processing of 80,000 tons/year of lithium iron phosphate with BYD's wholly-owned subsidiary Qinghai Fudi [8] - China National Materials International's wholly-owned subsidiary has signed a total contract for the general contracting of the Dashi River Molybdenum Mine selection project with a total amount tentatively set at 2.7 billion yuan [8]

格隆汇12月4日丨华曙高科(688433.SH)公布，基于战略规划和业务发展需要，布局3D打印服务领域，开 展民用消费品领域（包括但不限于3C、汽车零件、精密型零部件等）的加工服务，公司拟与华耀腾 兴、湖南景锐创智科技有限公司（简称"景锐创智"）共同出资人民币1亿元设立湖南湘兴数创有限责任 公司（暂定名，最终以市场监督管理部门登记为准），其中公司拟以自有资金认缴出资人民币4,000万 元，占目标公司注册资本40%；华耀腾兴拟以自有资金认缴出资人民币3,000万元，占目标公司注册资 本30%；景锐创智拟以自有资金认缴出资人民币3,000万元，占目标公司注册资本30%。 ...

格隆汇12月4日｜华曙高科公告，基于战略规划和业务发展需要，布局3D打印服务领域，开展民用消费 品领域的加工服务，公司拟与华耀腾兴、湖南景锐创智科技有限公司共同出资人民币1亿元设立湖南湘 兴数创有限责任公司，其中公司拟以自有资金认缴出资人民币4,000万元，占目标公司注册资本40%； 华耀腾兴拟以自有资金认缴出资人民币3,000万元，占目标公司注册资本30%；景锐创智拟以自有资金 认缴出资人民币3,000万元，占目标公司注册资本30%。 ...

格隆汇12月4日丨华曙高科(688433.SH)公布，基于战略规划和业务发展需要，布局3D打印服务领域，开 展民用消费品领域（包括但不限于3C、汽车零件、精密型零部件等）的加工服务，公司拟与华耀腾 兴、湖南景锐创智科技有限公司（简称"景锐创智"）共同出资人民币1亿元设立湖南湘兴数创有限责任 公司（暂定名，最终以市场监督管理部门登记为准），其中公司拟以自有资金认缴出资人民币4,000万 元，占目标公司注册资本40%；华耀腾兴拟以自有资金认缴出资人民币3,000万元，占目标公司注册资 本30%；景锐创智拟以自有资金认缴出资人民币3,000万元，占目标公司注册资本30%。 ...

每经AI快讯，12月4日，华曙高科(688433.SH)公告称，公司拟与关联方湖南华耀腾兴科技有限公司、湖 南景锐创智科技有限公司共同出资设立湖南湘兴数创有限责任公司，注册资本1亿元，其中华曙高科持 股40%，投资金额为4000万元。标的公司布局3D打印服务领域，开展民用消费品领域(包括但不限于 3C、汽车零件、精密型零部件等)的加工服务。 ...

来源：新浪证券-红岸工作室 2、根据2024年年报，公司海外营收占比为82.39%，受益于人民币贬值。 异动分析 共同富裕示范区+人民币贬值受益+专精特新+智能家居+3D打印 3、专精特新"小巨人"企业是全国中小企业评定工作中最高等级、最具权威的荣誉称号，是指专注于细 分市场、创新能力强、市场占有率高、掌握关键核心技术、质量效益优的排头兵企业，对于提升中小企 业自身的竞争力，以及提升产业链、供应链稳定性和竞争力具有重大意义。公司已入选工信部国家级专 精特新小巨人企业名单。 4、浙江万得凯流体设备科技股份有限公司主营业务为水暖器材、阀门、管件、建筑金属配件、智能家 居及环保节能控制系统等相关产品的研发、制造、销售与服务。 12月4日，万得凯跌0.88%，成交额1649.73万元，换手率2.29%，总市值28.33亿元。 5、2024年7月3日互动易：公司3D打印业务主要是为航天航空客户提供非金属打印产品，目前尚处于研 发送样阶段，还未产生实质性销售。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 1、公司位于浙江省台州市玉环市龙溪镇东港村渔业，从事水暖器材的设计、开 ...