11月25日早盘时间，3D打印概念再度走强，其中，长江材料开盘即"一字涨停"，股价封板30.87元/股，换手率9.29%，总市值 46.18亿元，斩获3连板。同时，炬光科技、思看科技、金橙子等概念股亦纷纷跟涨。 11月24日晚间，长江材料发布股票交易异常波动公告称，公司股票交易价格连续两个交易日（11月21日、11月24日）收盘价格 涨幅偏离值累计超过20%，根据《深圳证券交易所交易规则》的相关规定，属于股票交易异常波动的情况。 针对公司股票交易的异常波动，公司对相关事项进行了核实。长江材料就有关情况说明称，公司前期披露的信息不存在需要更 正、补充之处；公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生较大影响的未公开重大信息；近期公司 经营情况正常，内外部经营环境未发生重大变化。此外，公司、控股股东和实际控制人不存在关于本公司的应披露而未披露的 重大事项，或处于筹划阶段的重大事项。 长江材料是国内大型专业覆膜砂生产供应商及废（旧）砂资源化解决方案提供商，主营业务为铸造用硅砂、覆膜砂和砂芯的研 发、生产和销售等。目前，公司在重庆、湖北、江苏、四川、安徽、辽宁、内蒙古等地建有生产基地，拥有35条具有 ...

Group 1: Market Overview - The A-share market experienced a recovery on November 24, with significant rebounds in military and AI sectors, while lithium mining stocks faced severe declines [2] - Dapeng Industrial, which debuted on the Beijing Stock Exchange, saw its stock price drop by 48.05% from its peak on the first trading day [2] - Over 40 companies in the A-share market are involved in the 3D printing industry, indicating a growing interest and investment in this sector [5][6] Group 2: 3D Printing Material Innovations - A new type of 3D printing material developed by a research team at the University of Virginia is compatible with the human immune system, potentially advancing medical technologies such as organ transplantation and drug delivery [3] - The new material, which modifies the properties of polyethylene glycol (PEG), exhibits enhanced elasticity and strength, making it suitable for use in biomedical applications [3][4] - This innovative material shows promise as a high-performance solid electrolyte in advanced battery technologies, with ongoing exploration of its applications in solid-state batteries [4] Group 3: Financial Performance of 3D Printing Stocks - In the first three quarters of the year, 24 3D printing concept stocks reported net profit growth, with notable performers including Inno Laser and Chuangjiang New Materials [7] - Among these stocks, six have a rolling P/E ratio below 30, indicating potential value opportunities for investors [7][8] - The average pullback from the year-to-date highs for these 24 stocks is 21.22%, suggesting a correction phase in the market [7]

Group 1 - The company has indicated that it produces high-temperature alloy 3D printing powder, which is currently a small portion of its revenue [1] - The inquiry about the company's production of 3D printing materials was made by an investor on an interactive platform [1] - The company's response highlights its involvement in the 3D printing materials sector, albeit with limited revenue contribution at this stage [1]

Group 1 - President Xi Jinping had a phone call with US President Trump on November 24 [1] - Lei Jun, founder and CEO of Xiaomi Group, invested over 100 million HKD to increase his stake in the company to 23.26% [2] - Xiaomi Group's stock rose by 1.52% to 38.66 HKD after the announcement [2] Group 2 - The People's Bank of China will conduct a 10 billion CNY MLF operation to maintain liquidity in the banking system [3] - Analysts expect a new round of reserve requirement ratio cuts may be implemented around year-end [2] Group 3 - The domestic GPU company Moer Thread launched its IPO with a price of 114.28 CNY per share, attracting significant institutional interest [3] - The offline subscription for Moer Thread's shares saw a subscription multiple of nearly 1600 times, indicating high demand [3] Group 4 - A-shares showed weak rebounds with significant declines in core assets due to three main variables affecting the market [4][5] - Goldman Sachs downgraded Ganfeng Lithium's H-shares to "sell" and lowered lithium price expectations for 2026 by 14% [6] Group 5 - Alibaba's AI assistant Qianwen achieved over 10 million downloads in one week, becoming the fastest-growing AI application [7] - Another AI assistant, Ant Lingguang, reached over 200,000 downloads in six days, surpassing ChatGPT's performance [7] Group 6 - The Chinese Foreign Ministry stated that conditions are not suitable for holding a trilateral meeting with Japan and South Korea [8] - Industrial Fulian's stock faced a significant drop, attributed to market rumors, but the company confirmed its operational plans remain on track [9] Group 7 - Goldman Sachs predicts the Federal Reserve will implement a third consecutive rate cut in December, with two additional cuts expected in 2026 [10] - The market currently anticipates a 69.5% probability of a 25 basis point rate cut in December [10] Group 8 - New 3D printing materials developed by the University of Virginia show potential for applications in solid-state batteries and medical technologies [12] - The global 3D printing market is projected to reach 115 billion USD by 2030, with a compound annual growth rate of approximately 30% [12] Group 9 - Dragon Power Technology signed a significant contract worth over 45 billion CNY [18] - Antai Technology secured a key order worth nearly 70 million CNY related to controllable nuclear fusion [18]

公司方面，据中证报表示，A股相关概念股主要有东睦股份、悦安新材等。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 据中证报报道，美国弗吉尼亚大学研究团队首创了一种新型3D打印材料。该材料与人体免疫系统兼 容，有望推动人工器官移植和药物递送等诸多医疗技术实现快速、安全发展。 展望未来，该材料可能 与其他材料结合，制造具有不同化学成分的3D打印产品，可拓展固态电池。例如，与现有固态聚合物 电解质相比，新材料在室温下展现出更高的电导率和拉伸性，凸显了其作为先进电池技术中高性能固态 电解质的潜力。团队表示将继续探索其在固态电池技术中的应用前景。 中证报指出，3D打印作为行业变革性技术，已处于产业化拐点的前夕。在技术降本、标准完善、需求 增加的助力下，3D打印技术在各个领域的应用越来越广泛，推动制造业迈入智能制造时代，在医疗、 教育、建筑等产业领域也展现出巨大的潜力和前景。 机构认为，3D打印的性能和成本优势进一步凸显，加快技术渗透率的提升。2024年中国3D打印市场规 模突破630亿元，较过去十年增长30倍，预计2029年将超1000亿元，带动上下游产业链规模超3000亿 元。 ...

Group 1: Huawei Mobile - Huawei will hold a launch event for the Mate 80 series and Mate X7 on November 25, showcasing significant upgrades in performance, imaging, and innovative technology [1] - The Mate X series has established Huawei as a leader in the foldable smartphone market, holding nearly 70% market share in China, with a year-on-year growth of 17.8% in shipments [1] - Global shipments of foldable smartphones are projected to reach 70 million units by 2027, with a compound annual growth rate exceeding 40% [1] Group 2: Low-altitude Economy - The 2025 Asia General Aviation Exhibition will take place from November 27 to 30, featuring over 300 companies from 21 countries, emphasizing the theme of exploring low-altitude possibilities [2] - The low-altitude economy is in its early development stage, with significant potential in infrastructure and aircraft manufacturing, particularly in drones and eVTOLs [2] - The maturity of technology is expected to shorten product development and certification cycles, leading to imminent commercial operations and expanded application scenarios [2] Group 3: Nuclear Fusion - The Chinese Academy of Sciences has launched an international scientific program focused on nuclear fusion, opening multiple leading experimental facilities for global collaboration [3] - Controlled nuclear fusion aims to replicate the energy release from hydrogen nuclei fusing into helium, providing a clean, safe, and virtually limitless energy source [3] Group 4: 3D Printing - A new 3D printing material developed by the University of Virginia shows compatibility with the human immune system, potentially advancing organ transplantation and drug delivery technologies [4] - The 3D printing industry is on the verge of significant transformation, with the market expected to exceed 63 billion yuan in 2024, growing 30 times over the past decade [4] - By 2029, the 3D printing market is projected to surpass 100 billion yuan, driving the growth of the entire supply chain beyond 300 billion yuan [4] Group 5: Aerospace - The Chinese Academy of Sciences is implementing a space exploration satellite program during the 14th Five-Year Plan, focusing on major issues like the origins of the universe and life [5] Group 6: Macro and Industry News - Fifteen cities in China will receive national policy support in the field of international consumption [5] - New regulations have been established for low-altitude flight management systems to enhance oversight [5] - Shanghai has introduced measures to accelerate the review and approval process for innovative drug clinical trials [5] - Heilongjiang Province aims to achieve a new energy storage capacity of over 6 million kilowatts by 2027 [5] - The investment fund for humanoid robots in Hubei Province has increased to 5.25 billion yuan [5]

Group 1 - A research team from the University of Virginia has developed a new type of 3D printing material that is compatible with the human immune system, potentially advancing artificial organ transplantation and drug delivery technologies [1] - The breakthrough has been published in the latest issue of the journal Advanced Materials, indicating its significance in the field [1] - The new material may be combined with other materials to create 3D printed products with varying chemical compositions, expanding its applications [1] Group 2 - Compared to existing solid polymer electrolytes, the new material exhibits higher conductivity and tensile strength at room temperature, highlighting its potential as a high-performance solid electrolyte in advanced battery technologies [1] - The research team plans to continue exploring the material's applications in solid-state battery technology [1] Group 3 - In the A-share market, over 40 companies are involved in the 3D printing industry, with 24 companies reporting year-on-year profit growth in the first three quarters of the year [1] - Notable companies with significant profit growth include Inno Laser, Chuangjiang New Material, and others [1] - Among the 24 companies with profit growth, 6 have a rolling price-to-earnings ratio below 30, indicating potential investment opportunities [1]

Core Viewpoint - Changjiang Materials (001296) experienced significant stock price fluctuations, with a cumulative increase of over 20% in two consecutive trading days, attributed to the strength of the 3D printing concept in the market [1] Group 1: Stock Performance and Shareholding Changes - The stock price of Changjiang Materials hit the daily limit increase in the last two trading days, coinciding with a share reduction by the controlling shareholder, Xiong Ying, who sold 190,000 shares on November 21 [1] - Xiong Ying's previous share reduction on October 15 involved selling 500,260 shares, representing 0.3344% of the total share capital, leaving him and his associates with a combined holding of 60.0001% of the total shares [1] - During the period from November 7 to November 13, Xiong Ying further reduced his holdings by 1.1245%, selling a total of 1,682,226 shares, which included both centralized bidding and block trading [2] Group 2: Market Context and Related Developments - The surge in Changjiang Materials' stock price is linked to the overall rise in the 3D printing sector, with other companies like Jinchengzi and Haizheng Materials also seeing stock price increases [1] - The launch of the NanoBananaPro image generation model by Google's subsidiary, which can convert photos into 3D images, is seen as a contributing factor to the heightened interest in 3D printing technologies [1] - Despite media reports suggesting that the leading domestic 3D printing company, Tuozhu, received investment from Tencent at a valuation of $10 billion, the founder denied any ongoing financing activities [1]

Core Insights - The A-share market saw a total of 79 stocks hitting the daily limit up on November 24, with notable performances in various sectors, particularly aquaculture, photolithography, and 3D printing [1][2]. Group 1: Stock Performance - Guofeng New Materials achieved a four-day consecutive limit up in the photolithography sector [1][2]. - Changjiang Materials, associated with 3D printing, recorded a two-day consecutive limit up [1][2]. - The aquaculture sector, specifically Shuiyu Industry, experienced a remarkable seven-day consecutive limit up [1][2]. Group 2: Conceptual Breakdown of Stocks - The following stocks have notable consecutive limit up days: - Sansi Mingchu: 7 days, related to aquaculture [2]. - Guofeng New Materials: 4 days, related to photolithography [2]. - *ST Suwu: 4 days, related to innovative pharmaceuticals [2]. - Meng Tian Home: 4 days, related to home furnishings [2]. - Shida Group: 3 days, related to intelligent computing centers [2]. - Other stocks with 2 days of consecutive limit up include *ST Wanfang (automotive), Te Fa Information (optical communication), and Changjiang Materials (3D printing) [2].

Core Insights - Recent reports suggest that拓竹科技 is nearing the completion of a new financing round with Tencent participating, potentially valuing the company at $10 billion [1] -拓竹科技 has denied the accuracy of the financing report [1] Company Overview -拓竹科技 was established in 2020 and is headquartered in Shenzhen, China, with R&D centers in Shenzhen and Shanghai [1] - The company's first product, the X1 series high-speed intelligent 3D printer, aims for top performance in the industry, achieving significant advancements in key performance metrics [1] Product and Technology Development - The X1 series printer incorporates multi-color printing and supports high-performance engineering plastics, bringing industrial-grade printing technology to consumer-level products [1] -拓竹科技's MakerWorld platform has integrated Tencent's混元 3D generation model, allowing entry-level users to quickly generate high-quality, printable 3D models through simple text and image inputs [2] - This integration significantly simplifies the modeling process, reduces design cycles, and enhances customization response speed [2] Partnership and Future Projections - In July 2023,拓竹科技 entered into a comprehensive partnership with Tencent Cloud, with MakerWorld fully integrating the混元 3D generation model [3] - Following this integration, the expected monthly usage is projected to exceed 100,000 calls [3]