国内企业深耕钛合金，有望受益于下游需求爆发 从钛合金中游环节看，国内天工国际深耕高端钛合金线材，目前已供应多家国际头部消费电子公司并持 续扩充产能，未来有望受益于大客户折叠机等需求放量。 钛合金持续渗透，同时制粉技术及3D打印工艺发展有望持续推动钛合金应用拓展 风险提示 苹果首款折叠屏产品有望26年发布，将进一步带动钛合金需求提升。钛及钛合金由于其高强度、高耐腐 蚀性能和良好的表面纹理，在折叠屏中用量有望显著提升。主要应用在(1)中框：钛合金中框抗弯曲能 力显著优于铝合金同时实现轻量化，可以更好保护屏幕和内部元器件。(2)屏幕衬板：它的作用是支撑 屏幕保证显示效果和触控体验，同时在折叠和展开过程中，引导屏幕以特定的弧度弯曲，减小折痕。使 用纯钛衬板可以显著降低机身重量，以平衡重量、性能和加工成本。(3)其他：由于钛合金具有更好的 韧性和抗腐蚀性能，其未来有望应用在折叠屏轴盖等料号中。同时3D打印钛合金提供了极高的设计自 由度，能制造CNC无法实现的复杂中空或一体化结构，目前逐步应用在航空航天、医疗领域中，并向 高端消费电子产品渗透。未来随着3D打印工艺、制粉技术等的成熟，该行认为，钛合金在折叠机、 AR/VR ...

资料显示，东睦新材料集团股份有限公司位于浙江省宁波市鄞州工业园区景江路1508号，成立日期1994 年7月11日，上市日期2004年5月11日，公司主营业务涉及粉末冶金结构零件,主要应用于汽车(包括轿 车)、家用制冷压缩机(空调和冰箱)、摩托车、电动工具、办公机械和工程机械等。主营业务收入构成 为：粉末压制成形43.04%，金属注射成形41.18%，软磁复合材料15.16%，其他(补充)0.61%。 东睦股份所属申万行业为：机械设备-通用设备-金属制品。所属概念板块包括：3D打印、SOFC概念、 养老金概念、折叠屏、新材料等。 1月8日，东睦股份盘中下跌2.02%，截至10:42，报31.04元/股，成交2.29亿元，换手率1.19%，总市值 195.98亿元。 资金流向方面，主力资金净流出1707.90万元，特大单买入602.99万元，占比2.64%，卖出1411.98万元， 占比6.18%；大单买入4808.20万元，占比21.04%，卖出5707.11万元，占比24.97%。 东睦股份今年以来股价涨1.60%，近5个交易日涨0.62%，近20日涨6.37%，近60日跌3.15%。 分红方面，东睦股份A股 ...

Core Viewpoint - Baoti shares have shown a positive trend in stock price, with a notable increase in trading volume and market capitalization, indicating investor interest and potential growth in the titanium industry [1][2]. Group 1: Stock Performance - On January 8, Baoti shares rose by 2.00%, reaching a price of 39.78 yuan per share, with a trading volume of 399 million yuan and a turnover rate of 2.13%, resulting in a total market capitalization of 19.006 billion yuan [1]. - Year-to-date, Baoti's stock price has increased by 0.84%, with a 7.14% rise over the last five trading days, a 22.66% increase over the last 20 days, and a 20.66% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Baoti reported operating revenue of 4.44 billion yuan, a year-on-year decrease of 19.40%, and a net profit attributable to shareholders of 288 million yuan, down 44.34% year-on-year [2]. - Since its A-share listing, Baoti has distributed a total of 2.523 billion yuan in dividends, with 569 million yuan distributed over the past three years [2]. Group 3: Shareholder Structure - As of September 30, 2025, Baoti had 56,900 shareholders, a decrease of 9.61% from the previous period, with an average of 8,395 circulating shares per shareholder, an increase of 10.63% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest shareholder with 13.4611 million shares, an increase of 183,900 shares from the previous period [3].

Group 1 - The global 3D printing industry is expected to exceed 150 billion RMB in 2024, with a potential market size of 100 billion USD in the next decade, driven by the maturity of 3D printing technology and its advantages over traditional manufacturing methods [1] - The consumer-grade 3D printing market is dominated by domestic manufacturers, with a projected market value of 4.1 billion USD in 2024, growing to 16.9 billion USD by 2029, reflecting a compound annual growth rate (CAGR) of 33% [1] - Major domestic players hold over 70% of the global market share in consumer-grade 3D printers, with TuoZhu Technology and Chuangxiang Sanwei being market leaders [1] Group 2 - The industrial 3D printing sector requires breakthroughs in core components such as high-end lasers, galvanometers, and inkjet nozzles, which are currently dominated by foreign manufacturers [2] - Industrial 3D printing is transitioning from "test-type" applications to "scale" applications, demonstrating significant value in sectors like shoe molds and commercial aerospace [2] Group 3 - Domestic manufacturers are making continuous breakthroughs in various aspects of 3D printing, with Aisike achieving domestic production of piezoelectric inkjet printheads and 100% localization in 3D metal printing equipment [3] - JinChengZi is a leader in laser processing control systems and is also expanding into consumer-grade products, while SiKan Technology leads in industrial 3D scanning and is entering the consumer market [3] - Chuangxiang Sanwei is a global leader in consumer-grade 3D printing and is actively developing an AI ecosystem, while other companies like Huasu High-Tech and Bolite are expanding into new markets such as consumer electronics and commercial aerospace [3]

Investment Rating - The report maintains an "Outperform" rating for the 3D printing industry [1] Core Insights - The consumer-grade 3D printing market is dominated by domestic manufacturers, with AI facilitating a prosperous ecosystem. The global consumer-grade 3D printer market is expected to reach $4.1 billion in 2024, growing to $16.9 billion by 2029, with a compound annual growth rate (CAGR) of 33% [2][21] - The industrial-grade 3D printing sector requires breakthroughs in core components, with applications gradually moving towards scale. Key components such as high-end lasers, galvanometers, and inkjet nozzles still need to be localized [2][49] - Domestic manufacturers are making continuous breakthroughs across various segments of 3D printing, with companies like Aisike achieving localization in piezoelectric inkjet nozzles and Jin Chengzi leading in laser processing control systems [2][49] Summary by Sections 1. 3D Printing in Consumer and Industrial Markets - 3D printing is flourishing in both consumer and industrial markets, with distinct applications and technologies [12][91] 2. Rapid Development of Consumer Market, AI Enhancing Ecosystem - The consumer-grade market is rapidly growing, driven by AI advancements that lower modeling barriers and enhance user engagement [25][30] 3. Core Component Localization in Industrial 3D Printing, Diverse Applications - The localization of core components in industrial 3D printing is anticipated, with applications expanding across various sectors [2][49] 4. Rapid Development of Domestic Manufacturers, Continuous Breakthroughs - Domestic manufacturers are achieving significant advancements in 3D printing technology, with a focus on various segments and applications [2][49]

证券日报网1月7日讯，有研粉材在接受调研者提问时表示，当前3D打印市场热度依旧高涨，未来仍具 备较大的潜在发展空间。有研增材公司目前产能饱和，订单充足，增材山东基地建设在顺利推进中，预 计2026年10月份完成土建施工，11月份启动设备调试工作。该基地建成后所生产的效益预计将自2027年 起逐步释放。 ...

1月7日，博迁新材盘中上涨2.02%，截至10:54，报67.32元/股，成交1.50亿元，换手率0.86%，总市值 176.11亿元。 资金流向方面，主力资金净流入608.82万元，特大单买入403.06万元，占比2.69%，卖出224.93万元，占 比1.50%；大单买入3532.30万元，占比23.55%，卖出3101.61万元，占比20.68%。 博迁新材今年以来股价涨2.94%，近5个交易日跌2.11%，近20日涨30.26%，近60日涨9.37%。 机构持仓方面，截止2025年9月30日，博迁新材十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股662.04万股，相比上期增加122.43万股。前海开源新经济混合A（000689）位居第七大流 通股东，持股344.10万股，为新进股东。东方红智华三年持有混合A（012839）位居第九大流通股东， 持股317.53万股，相比上期增加2.37万股。东方红新动力混合A（000480）位居第十大流通股东，持股 299.52万股，相比上期增加28.69万股。睿远成长价值混合A（007119）退出十大流通股东之列。 责任编辑：小浪快报 博迁新材所属申 ...

在搜救现场的废墟之下，在工业管道的狭窄深处，或是在人类难以涉足的危险环境中，我们迫切需要一种能够灵活穿行、适应复杂地形的机器 人。 传统的轮式或履带式机器人虽然在平地上表现出色，但一旦遇到障碍或不平坦的路面，往往就显得力不从心。为了解决这个难题，全球的机器人 科学家们将目光投向了自然界 ——那些历经 亿万年演化、拥有超强地形适应能力的生物 。 最近，来自意大利比萨圣安娜高等学校、热那亚大学以及英国诺丁汉特伦特大学等机构的研究团队，就从 千足虫 和 豪猪 身上汲取灵感，推出 了一款名为 Porcospino Flex 的单履带机器人。 它最核心的突破，在于拥有了一根 一体化 3D打印的、柔性顺应的"脊椎骨" 。这一设计不仅让机器人的机动性大幅提升，还成功为其 "瘦身" 600克 ，能耗也随之 降低了约 15% 。 [灵感来源：千足虫（左）；豪猪（右）] 这项成果已发表在机器人领域期刊 Robotics 上。那么，这只融合了两种生物特性的机器人，究竟是如何炼成的？ ▍ 一身柔骨，灵感来自千足虫与豪猪 Porcospino Flex的设计哲学，体现了仿生学的魅力。 它的运动方式，借鉴了 千足虫 。千足虫拥有分节的身 ...

Core Viewpoint - Ningbo Jialian Technology Co., Ltd. is experiencing growth in its stock performance and is positioned to benefit from trends in biodegradable plastics, 3D printing, and cross-border e-commerce [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 73.81 million yuan, a decrease of 209.95% year-on-year [8]. - As of September 30, 2025, the company had 6,828 shareholders, an increase of 15.61% from the previous period, with an average of 20,195 circulating shares per person, a decrease of 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 as of 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, and plant fiber products [3]. - The company is focusing on the research and application of PLA materials and has made early investments in the consumer-grade FDM materials and products sector [2]. Stock Performance - On January 6, the company's stock rose by 1.37%, with a trading volume of 148 million yuan and a turnover rate of 4.87%, bringing the total market capitalization to 4.323 billion yuan [1].

Group 1 - The company has the capability to produce components using PEEK materials through 3D printing technology [1] - The company has provided integrated stators and humanoid robot joint products for clients in the aerospace and robotics sectors for prototype development or research purposes [1] - These orders are not continuous and represent a very low proportion of the company's revenue [1] Group 2 - The company will continue to monitor developments in relevant fields [1]