来源：新浪证券-红岸工作室 8月25日，家联科技涨0.50%，成交额7449.91万元，换手率2.78%，总市值38.34亿元。 异动分析 3D打印+可降解塑料+跨境电商+人民币贬值受益 1、2025年6月17日互动易，公司专注于PLA材料的研发与应用，并在消费级FDM材料及制品领域提前 布局并产业化。目前，公司暂未与泡泡玛特开展合作。公司生产的3D打印耗材具备广泛的应用前景， 可覆盖工业设计、教育、玩具手办、医疗等多个领域，其技术特性能够为潮流玩具制作等场景提供材料 支持。 2、宁波家联科技股份有限公司的主营业务是塑料制品、生物全降解制品及植物纤维制品的研发、生产 与销售。公司的主要产品是塑料制品、生物全降解制品、植物纤维制品、纸制品及其他。 塑料制品、 生物全降解制品及植物纤维制品的研发、生产与销售。 3、根据2022年12月9日互动易，公司为全球塑料餐饮具制造行业的领先企业，公司产品销售以外销为 主，外销区域主要分布在北美洲、欧洲及大洋洲等发达国家和地区，公司目前的主要海外客户为海内外 知名大型商超以及连锁餐饮企业，2021年公司外销占比达70.47%。同时公司也开拓了跨境电商平台的 线上市场对产品进行 ...

公告称，合资公司注册资本1亿元，天工股份出资6000万元，持股60%，已于当日完成工商注册并取得 营业执照。合资公司聚焦粉末新材料领域，涉及增材制造、3D打印材料等，属于金属材料制备工艺前 沿，下游覆盖航空航天、医疗器械等市场，天工股份通过此次投资进入新业务领域。 智通财经APP获悉，天工国际(00826)午前涨超14%，截至发稿，涨13.39%，报2.88港元，成交额2.76亿 港元。 消息面上，天工国际拟于今日(8月25日)举行董事会会议考虑及批准中期业绩。此外，天工国际发布公 告，公司附属江苏天工科技股份有限公司(天工股份)于2025年8月22日与天德投资(南通)有限公司(简 称"天德投资")、龙海明、南通协辉投资有限公司(简称"协辉投资")签订合资协议，共同设立江苏天工钛 晶新材料有限公司(简称"合资公司")。 ...

星标 ★ IPO日报 精彩文章第一时间推送 近日，港交所披露，深圳市创想三维科技股份有限公司(下称"创想三维")递表港交所，申请主板上市，中金公司为独家保荐人。 IPO日报注意到，这家3D打印行业头部企业获得前海母基金、深创投、腾讯创投等深圳知名投资方的参股，早早实现年入10个"小目标"，2024年年入22.88 亿元，近三年营收的复合年增长率达30.4%，但净利润却出现大幅波动。 目前，创想三维的制造业务位于武汉、惠州和深圳，主要负责生产公司的3D打印机、部分3D打印耗材及其他产品。 截至最后实际可行日期，创想三维前海母基金、深创投、腾讯创投及中航坪山分别占公司已发行及发行在外股份总数约5.81%、4.32%、2.16%及1.45%。 AI制图 腾讯参投 据悉，创想三维成立于2014年，作为全球领先的消费级3D打印产品及服务提供商，提供全方位的产品和服务，包括3D打印机、3D打印耗材、创想云（公 司专注于3D打印内容的全球在线社区)）上的各类服务。 公司产品线涵盖3D扫描仪、激光雕刻机及配件。根据咨询机构灼识咨询的资料，创想三维是全球3D创意产业主要参与者中唯一一家同时提供消费级3D打 印、消费级3D扫描和 ...

Group 1 - The core viewpoint of the article highlights the recent stock performance of Spring Medical, which has seen a year-to-date increase of 77.40%, but a decline of 4.84% over the last five trading days [2][3] - As of August 22, Spring Medical's stock price was reported at 22.62 yuan per share, with a market capitalization of 8.676 billion yuan [1] - The company primarily engages in the research, production, and sales of implantable orthopedic medical devices, with its main products including joint prosthetics and spinal implants [2] Group 2 - Spring Medical's revenue for the first quarter of 2025 reached 230 million yuan, reflecting a year-on-year growth of 3.60%, while the net profit attributable to shareholders was 58.071 million yuan, up 5.20% year-on-year [3] - The company has distributed a total of 359 million yuan in dividends since its A-share listing, with 309 million yuan distributed over the past three years [4] - As of March 31, 2025, the number of shareholders increased by 7.48% to 7,182, while the average circulating shares per person decreased by 6.99% to 11,063 shares [3]

手机软件一键操作，小至鞋子、潮玩手办，大至跑车、房屋装修器材，生活里能想到的统统打印出来。 在深圳卖全球，总部位于龙华的创想三维是全球消费级3D打印的巨头。 近日，深圳市创想三维科技股份有限公司（简称"创想三维"）正式向港交所递表，冲刺"消费级3D打印 第一股"。由4位"85后"工程师一手创立，如今的创想三维远销海外上百个国家地区、累计市占率在全球 位列第一。 资本光环下，创想三维也面临着业绩承压的情况。与之相应，则是巨头们快速崛起、行业混战加剧。除 创想三维外，深圳还有拓竹科技（Bambu Lab）、智能派（Elegoo）等3D打印界的"头部顶流"。中国供 应商的入门级消费3D打印机出货量份额占比也轻松超过九成。 崛起速度 8年完成30万启动资金到年营收23亿 创想三维的崛起速度有多快？这家由陈春、敖丹军、刘辉林、唐京科等四位工程师创立的深圳企业，仅 用8年时间就完成从30万启动资金到年营收23亿的跨越。其Ender系列3D打印机全球累计销量突破400万 台，在欧美市场占有率高达27.9%，被业内称为"3D打印界的小米"。 而创想三维的快速发展，也得益于出海。此前接受南都采访时，创想三维的联合创始人刘辉林就 ...

来源：金融界 天眼查显示，近日，四川启创新三维科技有限公司成立，法定代表人为李昕，注册资本2000万人民币， 成都泽澹商务服务有限责任公司、优多易（成都）科技有限公司、成都盈恒智科技有限公司等持股。 序号股东名称持股比例1成都泽澹商务服务有限责任公司60%2优多易（成都）科技有限公司10%3成都 盈恒智科技有限公司10%4四川宁艳同创科技有限公司10%5成都市温江区大学城一家人居民服务有限公 司5% 经营范围含软件开发；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；3D打印服 务；物联网技术研发；人工智能应用软件开发；智能机器人的研发；新材料技术研发；信息系统集成服 务；信息技术咨询服务；物联网应用服务；人工智能行业应用系统集成服务；人工智能通用应用系统； 人工智能公共服务平台技术咨询服务；计算机软硬件及辅助设备批发；增材制造装备销售；软件销售； 3D打印基础材料销售；物联网设备销售；第一类医疗器械销售；电子产品销售；教学专用仪器销售； 人工智能硬件销售；数字视频监控系统销售；轨道交通专用设备、关键系统及部件销售；智能机器人销 售；家政服务；专业保洁、清洗、消毒服务；教育咨询服务（不含涉许可审批 ...

Group 1 - The latest stock price of Dazhu Laser is 33.47 yuan, up 1.21% from the previous trading day, with a highest intraday price of 34.35 yuan and a lowest of 32.95 yuan, and a total transaction amount of 2.412 billion yuan [1] - Dazhu Laser is a leading manufacturer of laser processing equipment in China, headquartered in Shenzhen, and is part of the "overseas team" in 3D printing along with companies like Chuangxiang Sanwei and Tuozhu Technology [1] - The company experienced a net outflow of 144 million yuan in main funds on the day, with a cumulative net outflow of 1.261 billion yuan over the past five trading days [1] Group 2 - The current price-to-earnings (P/E) ratio of Dazhu Laser is 52.70 times, and the price-to-book (P/B) ratio is 2.17 times [1]

Group 1: 弘元绿能 - The company reported a net loss of 297 million yuan in the first half of 2025, with a revenue of 3.229 billion yuan, a year-on-year decrease of 19.52% [1] - The basic earnings per share were -0.438 yuan, indicating financial challenges [1] - The company noted that while there was a demand increase in the first quarter due to policy windows, the second quarter faced price declines and inventory impairment pressures [1] Group 2: 同兴科技 - The company has achieved small-scale shipments of sodium battery products in the Southeast Asian motorcycle market, focusing on two-wheeler and start-stop power supply applications [2] - The third generation of sodium battery products has completed iterative upgrades, with successful trials of 50Ah short blade cells in third-party laboratories [2] - Production capacity planning will be dynamically optimized based on market expansion and customer order situations, indicating proactive market positioning [2] Group 3: 南风股份 - The company has acquired minority shareholder rights in Southern Additive Technology Co., Ltd. and invested 50 million yuan to support its 3D printing services and nuclear material procurement business [3] - The business is still in its early stages and is not expected to significantly impact the company's revenue and profit for the current year [3] - The investment aims to enhance market influence in various sectors, including nuclear power, consumer goods, automotive, military, and aerospace [3]

Core Viewpoint - Shenzhen Creality 3D Technology Co., Ltd. (referred to as "Creality") has submitted its prospectus to the Hong Kong Stock Exchange for an IPO, marking its entry into the capital market and reflecting the growth trends in the 3D printing industry amid technological advancements and application proliferation [2][4]. Company Overview - Founded in 2014, Creality is a leading player in the global consumer 3D printing market, recognized as a national-level specialized and innovative "little giant" enterprise and a national high-tech enterprise [5]. - Creality achieved a valuation of $1 billion in July 2025 and holds a 27.9% market share, making it the global leader in consumer-grade 3D printers from 2020 to 2024 [5]. - The product line includes 3D printers, 3D scanners, laser engravers, accessories, and consumables, supported by the "Creality Cloud" integrated 3D printing platform [5]. Financial Performance - Revenue increased from 1.346 billion yuan in 2022 to 2.288 billion yuan in 2024, demonstrating strong market expansion capabilities [6]. - Net profit showed a decline from 129 million yuan in 2023 to 88.66 million yuan in 2024, indicating challenges in maintaining profitability amid expansion and increased R&D investments [6]. Industry Context - The global 3D printing industry is experiencing rapid growth, transitioning from industrial applications to consumer markets, with competition shifting from hardware performance to ecosystem development [6][7]. - Leading companies are innovating in areas such as printing speed, precision, material compatibility, and software integration, which are essential for attracting a broader consumer base [7]. Competitive Landscape - Creality faces intense competition from companies like Topbot Technology and Flashforge, which are engaging in price wars to capture market share [8][9]. - Despite being the cumulative shipment leader from 2020 to 2024, Creality's single-year data indicates a drop to second place in 2024, suggesting a slowdown in growth compared to competitors [9]. Challenges Ahead - Creality's profitability is under pressure due to increased competition, rising raw material costs, and significant R&D and marketing expenditures [8]. - The company relies heavily on online sales, with 47.9% of sales coming from online channels in 2024, primarily through third-party platforms like Amazon and Tmall, which poses risks if platform policies change [8]. - Customer retention and acquisition remain challenges, as the revenue share from the top five customers decreased from 36.9% to 15.4%, indicating a need for improved customer loyalty [8].

研发情况报告期内，公司研发投入 1546.60 万元，较去年同期增长7.35%，多个项目进入中试阶段，部分新产品获得客户认可并形成订单。 此外， 在 新领域积极开展研究探索，比如： （1） 立构复合聚乳酸的研究 ：采用常规加工设备，配合立构促进助剂体系，通过精准工艺控制，皆可采用一次或者多次加工，就可以得到具有较高 立构度的制品，该制品无需通过后续结晶处理，耐热温度相比常规工艺可以提升30℃以上。 （2） 柔性双向拉伸薄膜研究 ：在聚乳酸分子链上引入柔性可降解链段，树脂韧性大幅提升，双向拉伸后薄膜还能保持较好透明性，且依然保持可完 全降解，薄膜刚性大幅下降，可以扩大聚乳酸在柔性需求薄膜领域应用。 （3） 低成本聚乳酸基 3D 打印材料研究 ：将聚乳酸与纤维素纳米晶-无机纳米粒子等材料杂化，通过独特的界面设计解决纳米粒子分散问题，无机材 料引入可以降低成本，而该体系可以提高打印制品的耐热性和层间结合力，使打印制品具有更高品质。 （4） 皮芯结构聚乳酸纤维研究 ：采用皮芯结构的聚乳酸纤维可以改变单一材料纤维的局限性，赋予其新多功能性能。根据不同应用场景，开发多种 功能性母粒，应用于特殊多功能纤维。 | 序号 | ...