Core Viewpoint - The 2025 Polymer 3D Printing Materials Summit Forum aims to address the opportunities and challenges in additive manufacturing, focusing on high-end applications in aerospace, automotive, biomedical, and robotics sectors, while promoting collaboration and innovation in the industry [14]. Agenda Summary Day 1: Registration and Opening Ceremony - Registration will take place on July 18, 2025, from 14:00 to 20:00 [2]. - The opening ceremony and main forum will discuss the opportunities and challenges in additive manufacturing on July 19, 2025, from 08:50 to 12:00 [18]. Day 2: Specialized Sessions - The afternoon of July 19, 2025, will feature two specialized sessions: "Artificial Intelligence+" and 3D printing (Hall 1) and Ceramic 3D Printing (Hall 2) [4][6]. - Notable presentations include: - Continuous composite material 3D printing process optimization [5]. - Research on functionalized bio-ceramics for precise manufacturing [7]. Day 3: Biomedical and Industrial 3D Printing - On July 20, 2025, the forum will host sessions on Biomedical 3D Printing (Hall 1) and Industrial 3D Printing (Hall 2) [8][10]. - Key topics include: - Bioprinting techniques and applications in regenerative medicine [9]. - Innovations in high-performance polymer materials for aerospace applications [10]. Forum Background - Additive manufacturing technology, particularly 3D printing, is recognized for its design flexibility, material efficiency, and customization capabilities, making it crucial for advancements in various sectors [14]. - The forum aims to create a comprehensive platform for experts and industry leaders to share insights on the latest trends, innovations, and application needs in the additive manufacturing industry [14].

Core Viewpoint - Yijia Additive Manufacturing Technology Co., Ltd. has submitted its prospectus for an IPO on the Sci-Tech Innovation Board, aiming to raise approximately 1.2 billion yuan for various projects, including metal 3D printing expansion and R&D center construction [1][9]. Company Overview - Yijia Additive is a high-tech enterprise focused on the R&D, production, and sales of industrial-grade 3D printing equipment, with a significant market presence in the rapidly growing additive manufacturing industry [1]. - The company is controlled by Li Cheng and Li Jianhao, who collectively hold 54.53% of the voting rights [1]. Financial Performance - The company's revenue for the reporting period is approximately 247 million yuan, 409 million yuan, and 471 million yuan, with gross profit margins of 39.31%, 43.70%, and 45.12% respectively [3]. - The net profit attributable to the parent company is 29 million yuan, 69 million yuan, and 99 million yuan for the respective years [3]. Revenue Composition - In 2024, 3D printing equipment accounted for 95.20% of total revenue, while 3D printing materials and services made up 4.80% [2]. - The company’s major clients include Shandong Leishi Intelligent Manufacturing Co., Ltd. and Jiangsu Yangwang Aerospace Equipment Technology Co., Ltd. [2]. R&D and Innovation - As of April 30, 2025, the company holds 49 invention patents and 41 software copyrights, but its R&D expense ratio is notably lower than industry peers, at 6.50% compared to an average of 16.79% [5][6]. Risks and Challenges - The company faces risks related to accounts receivable, with balances increasing over the reporting period, and potential losses from inventory depreciation due to market competition and demand fluctuations [8]. - International trade risks are present, as key components are imported, and overseas sales accounted for 15.22% of main business revenue in the latest year [9]. Fundraising and Project Allocation - The IPO proceeds will be allocated to projects including a metal 3D printing expansion project with a total investment of approximately 558 million yuan and a technology service network construction project [11].

Core Viewpoint - EFL is focused on the development and application of bioprinting technologies, particularly in regenerative medicine, showcasing its innovations at the upcoming 2025 Polymer 3D Printing Materials Summit [1][21]. Company Overview - EFL was established in 2017, leveraging research outcomes from Zhejiang University led by Professor He Yong [2]. - The company provides comprehensive services in regenerative medicine, encompassing scientific popularization, research services, and technology transfer [3]. Product Offerings - EFL offers several advanced products: - **Volume Photopolymerization Bioprinter**: Capable of rapid formation of cell-laden hydrogel structures with a 4K projection accuracy [4]. - **Multi-functional Extrusion Bioprinter**: Features a wide temperature control range of -25 to 260°C, suitable for various bioprinting materials [8]. - **Projection Photopolymerization Bioprinter**: Supports automatic switching of up to six inks for complex bioprinting needs [12]. - **Microneedle Manufacturing Device**: The first multifunctional desktop device for preparing hydrogel microneedles, integrating humidity and vacuum control systems [17]. - **Gelatin Methacryloyl (GelMA)**: A versatile hydrogel with excellent biocompatibility and mechanical properties, suitable for 3D cell culture and tissue engineering [19]. Technical Highlights - The bioprinters boast high printing speeds, with structures forming in seconds, and maintain a cell viability rate exceeding 95% [5][9][13]. - The devices are designed for various applications, including cell culture scaffolds, organoids, and organ-on-a-chip technologies [5][9][13]. Market Position - EFL ranks among the top three in the domestic bioprinting research market, with its photopolymerization bioprinting inks holding the leading market share [6][10][14].

Core Viewpoint - Lithoz is a pioneering company in the field of ceramic 3D printing, focusing on the development and production of high-performance ceramic materials and additive manufacturing systems, particularly for medical applications [1][4]. Group 1: Company Overview - Lithoz was founded in 2011 and is headquartered in Vienna, Austria, being one of the first companies to achieve industrial-grade ceramic 3D printing [1]. - The company specializes in light-curing ceramic 3D printing (LCM) technology, providing ceramic 3D printing equipment, ceramic slurries, and solutions to the global market [1][2]. - Lithoz has successfully produced over 1 million ceramic parts annually for actual end-use applications, demonstrating the feasibility of mass production in ceramic 3D printing [1]. Group 2: Technology and Innovation - The LCM technology utilizes photosensitive resins with uniformly dispersed ceramic particles, allowing for the precise generation of high-density ceramic green bodies, which are then processed through debinding and sintering [2]. - A specially designed imaging system, using the latest LED technology, enables the projection of detailed layer information onto the photosensitive resin, resulting in high-precision and high-strength ceramic parts [2]. Group 3: Market Potential - The acceptance of ceramic 3D printing in the Chinese market is increasing, with significant potential for ceramic materials in the medical field due to their biocompatibility and corrosion resistance compared to metal materials [4]. - The application of ceramics in medical devices is expected to be a major growth point in the future, as ceramics can better align with natural states and avoid adverse reactions caused by metal ion release [4].

Group 1: Autonomous Driving - BYD announced it has achieved L4-level smart parking capabilities and will cover all safety and loss liabilities for users of its Tian Shen Yan vehicles in smart parking scenarios [1] - CITIC Securities predicts that by 2025, the penetration rate of mid-to-high-end autonomous driving in China is expected to double, creating a market increment of 35 billion [1] - Guohai Securities notes that the commercialization of smart driving is accelerating, with increasing penetration rates expected to benefit the domain controller hardware and software supply chain [1] Group 2: Short Dramas - The short drama market in China has reached an annual scale of 300 to 350 billion, with expectations to surpass 500 billion next year [2] - The user base for micro-short dramas is projected to exceed 600 million by 2024, with the market size expected to reach 505 billion, surpassing annual box office revenue for the first time [2] - CITIC Jinshi Securities highlights a significant shift in the short drama industry towards advertising-based business models and an influx of traditional film companies [2] Group 3: 3D Printing - Researchers at the University of Texas at Austin have developed a new 3D printing technology that seamlessly integrates soft and hard material properties, opening new possibilities for prosthetics and flexible medical devices [3] - The 3D printing market in China is expected to exceed 63 billion by 2024, growing 30 times over the past decade, with projections to surpass 100 billion by 2029 [3] - The technology is seen as a transformative force in manufacturing, with applications expanding across various industries including healthcare and education [3] Group 4: Measurement and Testing - The State Administration for Market Regulation and the Ministry of Industry and Information Technology have issued a plan to support the development of new industrial productivity through measurement [4] - The demand for high-precision measurement in emerging industries such as new energy and aerospace is increasing significantly [4] - The Chinese measurement market is projected to exceed 150 billion yuan by 2025, with a compound annual growth rate of over 10% [4]

Group 1: Transformation of Guangdong Manufacturing - Guangdong has transformed from a "world factory" to a "smart manufacturing highland," showcasing technological advancements in various sectors such as autonomous driving, drones, and smart equipment [1] - The province has maintained its position as the leading region in GDP for 36 consecutive years, with high-tech manufacturing value added increasing by 10.2% in 2024, accounting for 32.0% of the total industrial value added [1] Group 2: Growth of the Drone Industry - Guangdong's drone industry is rapidly advancing, with over 15,000 companies in the low-altitude economy, generating a market size exceeding 100 billion yuan [2] - Shenzhen's low-altitude aerospace industry achieved double-digit growth in 2024, while Zhongshan's drone sector generated over 5.7 billion yuan in sales [2] Group 3: Robotics and Automation - Guangdong has become China's largest intelligent robot industry cluster, with revenues exceeding 90 billion yuan in 2024 [6] - The Guangdong Intelligent Robot Research Institute and Shenzhen AI and Robotics Research Institute are fostering innovation and application in the robotics sector [7] Group 4: Financial Support for Innovation - Since 2022, Guangdong has signed strategic cooperation agreements with 23 national financial institutions, resulting in 233 specific cooperation projects worth 1.31 trillion yuan [16] - The province's technology credit balance grew by 23% in 2024, with private equity and venture capital management numbers leading the nation [17] Group 5: Talent Development and Education - Guangdong is implementing the "Million Talents Gather in South Guangdong" initiative to attract graduates and various talents, with over 1.2 million job openings identified [19] - The province has established 28 city-level industry-education joint bodies and 216 open regional industry-education integration practice centers [21]

Core Viewpoint - Lithoz is a pioneering company in the field of 3D printing ceramics, focusing on developing and producing high-performance ceramic materials and additive manufacturing systems for medical applications and bone replacement materials. The company has achieved industrial-grade standards in ceramic 3D printing and operates independently without relying on external financing [1][2]. Group 1: Company Overview - Lithoz was founded in 2011 and is headquartered in Vienna, Austria, being one of the first companies to meet industrial-grade requirements for 3D printed ceramic products [1]. - The company specializes in light-curing ceramic 3D printing (LCM) technology, which allows for the production of high-density ceramic green bodies that are later sintered [2][4]. - Lithoz has successfully produced over 1 million ceramic parts annually for actual end-use applications, demonstrating the feasibility of mass production in ceramic 3D printing [1]. Group 2: Technology and Applications - The LCM technology utilizes a specially designed imaging system that employs advanced LED technology to selectively cure a photosensitive resin containing uniformly dispersed ceramic particles, resulting in high-precision and high-strength ceramic parts [2]. - The acceptance of ceramic 3D printing in the Chinese market is increasing, particularly in the medical field, where ceramics offer significant advantages over metals in terms of biocompatibility and corrosion resistance [4]. - The potential for ceramic materials in medical devices is identified as a key growth area for the future [4]. Group 3: Upcoming Forum Participation - Yang Hongyi, the China Regional Director of Lithoz, will present at the 2025 (4th) Polymer 3D Printing Materials Summit Forum, discussing "Additive Manufacturing Technology Based on Ceramic Slurry Systems and Its Industry Applications" [1][5]. - The forum will take place from July 18-20, 2025, in Hangzhou, Zhejiang, focusing on opportunities and challenges in additive manufacturing [10][27].

Summary of the Conference Call on Consumer 3D Printing Industry Company Overview - **Company**:拓竹 (Tuo Zhu) - **Industry**: Consumer 3D Printing Key Points and Arguments Sales Performance - In the first half of 2025, Tuo Zhu sold 720,000 3D printers, with an expected total sales target of 1.5 million units for the year, projecting revenue between 6 to 7 billion yuan [1][3][5] - The HRD personal manufacturing center, launched in March 2025, has shown continuous sales growth, selling 15,000, 23,000, and 30,000 units from mid-March to mid-June [4] Market Position - Tuo Zhu has become a leader in the consumer 3D printing industry, holding approximately 35% market share, with significant growth potential until reaching a saturation point at around 3 million units sold [1][6] - The global consumer 3D printer market is dominated by Chinese suppliers, accounting for over 90% of the market [2] Customer Segmentation - The customer base is primarily B2B (70%), including DIY factories and medical device companies, while B2C (30%) is relatively smaller [1][7][9] - Key customer groups include the medical device industry, educational institutions, and the jewelry sector [9] Product Innovation - Tuo Zhu's X One series offers industrial-grade performance at consumer prices, achieving print speeds of 500 mm/s and precision of 0.01 microns, incorporating advanced technologies like laser radar and 16-color printing [1][10][12] - The founder's experience from DJI in motor control and sensor fusion has been pivotal in achieving high-speed and high-precision printing [12][13] Revenue Growth - Revenue increased from 2.7 billion yuan in 2023 to approximately 5.5 billion yuan in 2024, with expectations of reaching 6 to 7 billion yuan in 2025 [5] Future Plans - Tuo Zhu plans to upgrade existing 3D printer series and introduce a laser engraving machine, targeting annual sales of 250,000 to 300,000 units per model [3][15][16] - The company is also researching industrial-grade 3D printing technologies based on metal powder and photopolymer resin [16] Market Trends - The consumer 3D printing market is expected to grow at a compound annual growth rate (CAGR) of 30% to 35% overseas, while domestic household consumption is slower, around 6% to 8% [29] - A breakthrough in household 3D printing is anticipated in about two years, contingent on improvements in scanning technology and material cost reductions [30] Supply Chain and Partnerships - Tuo Zhu emphasizes self-research but is open to collaborations with quality suppliers to enhance product competitiveness [22] - Key suppliers for components include companies like Silver Technology and O-Film for various parts [19][24][31] Competitive Landscape - Major competitors include Zongheng Litu and Chuangxiang 3D, with Tuo Zhu aiming to maintain its leading position through innovation and market expansion [1][6] Additional Important Insights - The company is actively working to increase its B2C market share through initiatives like the Make Word community, which provides free 3D model files [1][9] - The introduction of advanced features in 3D printers is expected to enhance user experience and broaden application scenarios beyond traditional uses [10][12]

Investment Rating - The report indicates a positive outlook for the 3D printing industry, highlighting a high level of prosperity in the industry chain and potential rapid growth for core companies [5][6]. Core Insights - The 3D printing industry is entering a significant growth phase, driven by lower prices and simplified operations, particularly in the consumer market. Companies like Tuozhu Technology are leading this trend by making desktop 3D printers more accessible [7][10]. - The legal AI sector is poised for substantial opportunities due to advancements in large model reasoning capabilities, with significant investments flowing into AI legal startups [28][31]. - Key companies in the 3D printing space include Tuozhu Technology, Chuangxiang Sanwei, and others, while in the legal AI sector, notable players include Jinqiao Information and Huayu Software [29][32]. Summary by Sections 3D Printing Industry - The 3D printing industry is experiencing a boom, with a 40% year-on-year increase in equipment production as of May 2025, indicating a rapid growth phase for consumer-grade products [7][10]. - The industry is characterized by a diverse supply chain, including consumer-grade printers, core components, scanning devices, and materials, with companies like Tuozhu Technology and Jiepte leading the market [29][30]. - The technology is revolutionizing manufacturing by enabling complex designs and reducing production costs, particularly in aerospace and medical applications [24][25]. Legal AI Sector - The legal AI market is witnessing a surge in investment, with 79% of funding directed towards AI-related companies in the legal field during 2024-2025 [28][30]. - Key developments include the launch of AI products by Jinqiao Information, which aims to enhance judicial efficiency, and Huayu Software's comprehensive legal AI solutions [32][38]. - The report highlights the increasing adoption of AI in law firms, with applications expanding from document collaboration to full lifecycle management of contracts [28][30]. Company Updates - Taxfriend Co. is adapting to stricter tax regulations, with its AI products entering a critical deployment phase, aiming to meet the growing compliance needs of businesses [42][43]. - Newland has established a subsidiary in the U.S. and obtained an MSB license, facilitating its entry into the cross-border payment market [44][45]. - MaiFushi has launched its AI-Agentforce platform, enhancing marketing strategies through intelligent automation and data-driven decision-making [49][50].

Core Viewpoint - Hangzhou Yijia Additive Technology Co., Ltd. (Yijia Additive) is advancing its IPO application on the Sci-Tech Innovation Board, aiming to raise 1.205 billion yuan for various projects, including expansion and R&D [1] Company Summary - Yijia Additive focuses on the R&D, production, and sales of industrial-grade 3D printing equipment, achieving significant technological breakthroughs in both metal (SLM) and polymer (SLS) 3D printing [2] - The company has launched over 20 metal 3D printing devices, with several recognized as "first in the country" or "first of their kind" [2] - Yijia Additive's products are utilized in key sectors such as aerospace, serving major clients like China Aviation Engine Group and China Aerospace Science and Technology [2] - The company has completed five rounds of financing in the past three years, with the latest round valuing the company at 4.19 billion yuan [3] Industry Summary - The additive manufacturing industry in China is rapidly industrializing, with Yijia Additive's revenue showing significant growth from 247 million yuan in 2022 to an expected 471 million yuan in 2024 [4] - The average selling price of industrial-grade additive manufacturing equipment has increased from $90,000 in 2019 to $316,900 in 2024, contributing positively to the company's performance [4] - Global sales of industrial-grade metal additive manufacturing equipment reached 3,793 units in 2023, marking a 24.4% year-on-year increase, indicating a faster growth rate compared to non-metal equipment [5] - The Chinese additive manufacturing market is projected to exceed 63 billion yuan by 2025, with a compound annual growth rate of over 20% from 2021 to 2025 [6]