Core Insights - The 3D printing industry has evolved significantly over the past decade, transitioning from a niche hobbyist market to a more production-oriented sector, with a focus on speed and efficiency [1][2][3] - The company ChaoKuo has positioned itself as a leader in high-speed 3D printing, successfully developing machines that drastically reduce printing times and enhance productivity [3][4][5] Industry Evolution - Ten years ago, 3D printers were primarily seen as novelty items with limited capabilities, dominated by Western manufacturers until Chinese companies entered the market post-patent expiration around 2008 [1] - The industry faced a "green train" phase where products were slow and inefficient, limiting their use in actual production environments [1][2] - By 2025, the global consumer 3D printer shipment volume is expected to exceed 1 million units, marking a 22% year-on-year growth, while professional-grade printer shipments are declining [3][4] Company Strategy - ChaoKuo initially relied on low-cost kits but pivoted to focus on high-speed printing technology, which faced internal skepticism but ultimately proved successful [2][3] - The introduction of the SR series in 2020 marked a significant milestone, achieving speeds of 150 mm/s, followed by the V400 model reaching 600 mm/s in 2022, and the latest model, Xunyingguang S1 Pro, achieving 1200 mm/s in 2024 [2][3][4] - ChaoKuo's strategic emphasis on speed has allowed it to differentiate itself from competitors and establish a strong market presence [5] Market Demand - The demand for 3D printers has shifted from hobbyists to practical applications, with over 80% of devices now used as production tools [4] - The efficiency improvements have led to new business models, such as small-scale farms producing various items, significantly reducing production costs and time [4][5] - The cost of materials has decreased, further enhancing the economic viability of 3D printing for various applications [4]

Core Viewpoint - The consumer-grade 3D printing market is experiencing rapid growth, driven by "price reduction + AI empowerment" [1][2] Market Size - The global consumer-grade 3D printing market size is projected to grow from $1.5 billion in 2020 to $4.1 billion by 2024, with a compound annual growth rate (CAGR) of approximately 28% [1] - From 2025 to 2029, the market size is expected to increase from $4.9 billion to $16.9 billion, with a CAGR of about 33% [1] - The annual shipment of consumer-grade printers is expected to remain around 3 million units from 2020 to 2023, surpassing 4 million units in 2024, with a CAGR of approximately 10.2% [1] - By 2029, shipments are projected to reach 13.4 million units, with a CAGR of about 26.6% from 2024 to 2029 [1] Competitive Landscape - Four Shenzhen companies, including Creality and Tiertime, hold a combined 90% market share in the entry-level 3D printer segment [2] - The entry-level 3D printer market (priced ≤ $2,500) is the only segment expected to see growth in 2024, with a shipment increase of 26% [2] Catalysts - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with mainstream brands focusing on products priced between $200 to $300 [2] - Some entry-level products are priced below $1000, making them comparable to mid-range smartphones, facilitating the rapid adoption of consumer-grade 3D printers [2] - AI tools, exemplified by Hitem3D, have significantly lowered the creative barrier, providing software conditions for the popularization of consumer-grade 3D printing [2] Material Demand - PLA is the most common material in 3D printing, made from corn starch or sugarcane, known for its eco-friendliness and non-toxicity [3] - The domestic demand for PLA is expected to reach 120,000 tons in 2024, a year-on-year increase of 48.1%, with 3D printing accounting for approximately 35% of this demand [3] - PLA's cost-effectiveness and high frequency of repurchase make it well-positioned to benefit from the growth in consumer-grade 3D printing demand [3]

Core Viewpoint - The article discusses the evolution and breakthroughs in the 3D printing industry, particularly focusing on a company named ChaoKuo, which has made significant advancements in printing speed and efficiency, positioning itself as a leader in the consumer-grade 3D printing market [4][5][6]. Industry Evolution - Ten years ago, 3D printers were primarily seen as novelty items with limited speed and precision, dominated by Western manufacturers like Stratasys, which held patents that restricted market entry for others [4]. - The expiration of patents around 2008 allowed Chinese manufacturers to enter the market, initially offering low-cost kits that required extensive assembly, resulting in slow production speeds [4][5]. Company Development - ChaoKuo was founded in 2015 by Shen Kang, who identified the potential for breakthroughs in a rapidly growing industry. Initially, the company relied on low-cost kits but later pivoted to focus on high-speed printing technology [5]. - In 2019, ChaoKuo developed its first high-speed prototype, and by 2020, it launched the SR series, achieving speeds of 150 mm/s, marking a significant milestone in the industry [5][6]. - The introduction of the V400 model in 2022 further increased printing speeds to 600 mm/s, leading to a new era in 3D printing efficiency [5][6]. Technological Advancements - By 2024, ChaoKuo released the Xunyingguang S1 Pro, which reached speeds of 1200 mm/s, becoming the fastest consumer-grade FDM 3D printer globally. This advancement reduced printing time for models from two hours to fifty minutes [6]. - The company is also set to launch the Zhuirizuo T1 Max in 2025, targeting agricultural production scenarios and significantly improving efficiency [6]. Market Dynamics - The global consumer-grade 3D printer market saw a 22% year-on-year increase in shipments in Q1 2025, surpassing 1 million units for the first time, while professional-grade printer shipments declined [6]. - In 2024, China exported 3.778 million 3D printers (excluding components), generating 8.16 billion yuan in revenue, a 32.75% increase year-on-year, with the majority being consumer-grade printers [6][7]. Changing Demand - The demand for 3D printers has shifted from hobbyists to practical applications, with over 80% of devices now used as tools rather than toys. This shift has led to the emergence of new business models and industries [7]. - The cost of materials has decreased significantly, enabling lower production costs and unlocking new possibilities for 3D printing applications [7]. Competitive Landscape - ChaoKuo is not the only player in the high-speed 3D printing market, but its early commitment to speed has differentiated it from competitors like TuoZhu and ChuangXiang SanWei, which have taken different approaches [7]. - The company’s focus on speed and efficiency has allowed it to establish a unique position in the market, transitioning from a hardware manufacturer to a technology-driven industry participant [7].

Group 1: Market Growth - The global consumer-grade 3D printing market is expected to grow from $1.5 billion in 2020 to $4.1 billion in 2024, with a CAGR of approximately 28% [1] - From 2025 to 2029, the market size is projected to increase from $4.9 billion to $16.9 billion, with a CAGR of about 33% [1] - The annual shipment of consumer-grade printers is expected to exceed 4 million units in 2024, with a CAGR of approximately 10.2%, reaching 13.4 million units by 2029, with a CAGR of about 26.6% [1] Group 2: Competitive Landscape - Four Shenzhen companies, including Creality and Tobo, hold 90% of the global entry-level 3D printer market share [2] - Entry-level 3D printers (priced ≤ $2,500) are the only segment expected to see growth in 2024, with a shipment increase of 26% [2] Group 3: Catalysts for Growth - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with many entry-level products priced below $1,000 [2] - AI tools, such as those from Hitem3D, have significantly lowered the creative barriers, facilitating the adoption of consumer-grade 3D printing [2] Group 4: Material Demand - PLA is the most common material in 3D printing, with a projected domestic demand of 120,000 tons in 2024, representing a 48.1% year-on-year increase [3] - 3D printing is expected to account for approximately 35% of PLA's application in 2024, making it the largest application area [3] - PLA's characteristics, such as environmental friendliness and ease of use, position it well for growth in consumer-grade 3D printing [3]

Core Viewpoint - The stock of Plater Technology (铂力特) increased by 5.27% on September 25, reaching a price of 78.69 CNY per share, with a trading volume of 351 million CNY and a turnover rate of 1.67%, resulting in a total market capitalization of 21.586 billion CNY [1] Company Overview - Plater Technology, established on July 6, 2011, and listed on July 22, 2019, is located in Xi'an, Shaanxi Province. The company specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1] - The revenue composition of Plater Technology includes: 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, accessories, and technical services, and 8.78% from 3D printing raw materials [1] Fund Holdings - According to data, one fund under Wan Jia Fund holds a significant position in Plater Technology. The Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund (010296) held 128,900 shares in the second quarter, accounting for 2.69% of the fund's net value, ranking as the ninth largest holding [2] - The Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund was established on November 4, 2020, with a current scale of 260 million CNY. Year-to-date returns are 40.62%, ranking 1933 out of 8173 in its category, while the one-year return is 65.67%, ranking 1802 out of 8003. Since inception, the fund has experienced a loss of 5.9% [2] Fund Manager Information - The fund manager of Wan Jia Interconnect China Advantage Quantitative Strategy Mixed A Fund is Yin Hang, who has been in the position for 5 years and 68 days. The total asset size of the fund is 468 million CNY, with the best return during his tenure being 61.55% and the worst return being -9.82% [3]

Group 1 - The "Million Talents Gather in South Guangdong" initiative aims to attract 1 million college graduates to Guangdong for employment and entrepreneurship by 2025, with the target achieved ahead of schedule by mid-July 2025 [1] - The N City Linked Autumn Recruitment event will provide over 120,000 quality job positions across more than 100 key universities nationwide, focusing on emerging industries and national strategic needs [1][4] - The Guangdong-Hong Kong-Macao Greater Bay Area is experiencing a strong demand for research talent, particularly in the fields of semiconductor technology and advanced power electronics [2][4] Group 2 - Shenzhen's new research university, Shenzhen University of Technology, is actively recruiting over 140 positions, including research assistants and young professors, with competitive salaries reaching up to 750,000 yuan [2][3] - The recruitment event targets modern industrial needs, focusing on artificial intelligence, new information technology, integrated circuits, and advanced materials [4] - Major companies such as Huawei, Tencent, and BYD participated in the recruitment event, offering numerous positions in AI, 3D printing, and low-altitude economy sectors [5][6] Group 3 - The low-altitude economy in Guangdong is projected to have a talent gap of approximately 5 million, with a significant demand for skilled professionals in drone operations and related fields [6] - The "Assist Enterprises Youth Brigade" initiative provides various support measures, including housing and education benefits, to attract and retain talent in the region [7][8] - The recruitment activities are designed to create immersive experiences for graduates, showcasing the opportunities and living conditions in Guangdong [8]

中国青年报客户端上海9月23日电（中青报·中青网记者王烨捷）"预聘-长聘制教师"需求100人，年薪37 万元至45万元；博士后需求100人，年薪33万元至61万元……今天下午，在由教育部和广东省委省政府 联合举办的"百万英才汇南粤"2025年N城联动秋季招聘活动上海启动式上，深圳大学直接把自己给到的 年薪打在展板上，吸引了来自上海交通大学及周边院校众多2026届应届毕业生的关注。 高校在上海交通大学专场招聘会上揽才。中青报·中青网记者王烨捷/摄 深圳众多 今天，"百万英才汇南粤"活动在北京、上海同步启动。据了解，从9月中下旬到年底，广东将组织逾 1200家重点用人单位参加全国多个城市"巡回招聘"，提供优质就业岗位超5万个。截至2025年7月中旬， 广东已吸纳超过100万名应届高校毕业生留粤、来粤就业创业，提前实现了"百万英才汇南粤"揽才目 标。 广东省政府副省长、党组成员李运在致辞中表示，广东经济活，发展空间广阔。经济总量超14万亿元， 进出口占全国1/5，2000多万户经营主体，900多万家企业汇聚成强大的规模优势。 深圳是这轮巡回招聘的主力，中青报·中青网记者注意到，深圳企业开出的年薪都不算低。 拓竹科技 ...

Summary of 3D Printing Industry Conference Call Industry Overview - The global 3D printing market is expected to reach $21.9 billion in 2024, with a compound annual growth rate (CAGR) of 20.7%, potentially reaching between $84 billion and $145 billion by 2030, driven primarily by the medical, automotive, and consumer electronics sectors [1][4][28] - China dominates the consumer-grade 3D printing market with a 96% market share, with leading companies like TuoZhu, Chuangxiang 3D, and Zhonghe Cube shipping nearly 1 million units [1][6] Key Insights and Arguments - 3D printing technology is revolutionizing traditional manufacturing through additive manufacturing, significantly saving time, materials, and costs, especially in humanoid robots, industrial molds, and automotive sectors [1][5] - The demand for customized, high-precision components in humanoid robots, mold manufacturing, and the automotive industry aligns well with industrial-grade 3D printing technology [1][7] - Domestic companies like Huashu High-Tech, Bolite, and Yijia 3D are enhancing competitiveness against international brands by implementing price reduction strategies and gradually achieving localization of core components [1][8] Market Dynamics - The terminal application segment is expected to account for approximately 35% of downstream applications, with growth rates exceeding the overall industry growth, particularly in consumer electronics, commercial aerospace, and rocket engines [15] - The global market for industrial and consumer-grade 3D printing equipment is on an upward trend, with manufacturers' revenue projected to reach $59.5 billion in 2024 [26] Investment Opportunities - Notable companies to watch include Bolite, Huashu High-Tech, and Huina Technology, which are actively advancing their business layouts and have strong growth potential [9][33] - The aerospace sector has a two-year return on investment for equipment, while other industrial sectors like automotive and energy have a five-year return period [16] Emerging Applications - 3D printing technology is significantly shortening production cycles in automotive manufacturing, reducing traditional development timelines from 3-5 years to as little as 1-2 years [10][24] - In the consumer electronics sector, companies like Apple are utilizing titanium alloy 3D printing processes, indicating a growing trend towards lightweight and high-performance materials [25] Challenges and Considerations - The aerospace sector faces challenges in using 3D printing for moving parts due to mechanical properties and replicability issues, while static parts can be replaced [21] - Trade tensions have affected the export of industrial-grade metal 3D printers to the U.S., but exports to Germany remain strong [17][18] Future Outlook - The 3D printing industry is expected to see aggressive growth in the next five years, with a more conservative outlook for the following decade, potentially reaching a market size of hundreds of billions by 2030 [28] - The materials market is projected to grow significantly, driven by advancements in polymer powders, metal powders, and photopolymer materials [32] Conclusion - The 3D printing industry is poised for substantial growth, with significant opportunities in various sectors, particularly in China, where domestic companies are increasingly competitive. The focus on innovation and localization of production will be key drivers for future success in this rapidly evolving market [30][33]

Group 1 - Dongguan Jiasheng Model Development Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The company's business scope includes mold manufacturing, mold sales, 3D printing services, and sales of 3D printing materials [1] - Additional services offered by the company include professional design services, additive manufacturing equipment sales and manufacturing, and automotive parts manufacturing [1] Group 2 - The company is also involved in the sales and research and development of metal products, rubber products, and plastic products [1] - It engages in the manufacturing and sales of arts and crafts products, excluding ivory and its products [1] - The company is authorized to conduct import and export activities and technology import and export, except for projects that require approval [1]

Group 1 - The core viewpoint of the articles highlights the robust growth in consumer spending in China, with retail sales of consumer goods increasing by 4.6% year-on-year in the first eight months of the year, and service retail sales growing by 5.1% [1] - The emergence of "emotional consumption" reflects an upgrade in consumer demand, shifting from basic needs to personalized and quality-oriented demands as material conditions improve [2] - The retail sales of household appliances, audio-visual equipment, cultural office supplies, and furniture saw year-on-year growth rates exceeding 10% in August, significantly outpacing overall retail sales growth [2] Group 2 - The integration of sports events with local tourism and shopping has become a significant driver of economic growth, with Jiangsu Province reporting a nearly 200% increase in summer tourist attraction bookings since July [3] - The "tourism+" model, which combines tourism with various sectors such as performing arts and technology, is gaining popularity and stimulating consumer activity [5] - The introduction of silver tourism trains, aimed at the elderly population, reflects the growing market potential for services catering to aging demographics, with plans for 1,860 such trains in 2024 [6] Group 3 - The application of AI in consumer sectors is driving rapid growth in related industries, with significant increases in the manufacturing value of smart vehicle equipment and integrated circuits [7][8] - Policies aimed at optimizing tax refunds for outbound tourism and supporting the development of international consumer cities are being implemented to enhance domestic demand [9] - The government is focusing on deepening reforms and opening up to facilitate domestic and international economic circulation, with a goal of achieving high-quality development [10][11]