Core Insights - TuoZhu Technology will assist Haina Technology in establishing the world's largest 3D printing factory in Shenzhen, with plans to deploy 15,000 TuoZhu 3D printers by Q1 2026 [1] - Haina Technology is a leading provider of digital solutions, utilizing AI, big data, and 3D printing technology to offer solutions for B-end and C-end customers [1] - TuoZhu Technology is recognized as the first consumer-grade 3D printing company, with over 70% of global 3D printing farms equipped with its devices [1][2] Company Developments - Haina Technology plans to develop a smart production scheduling and equipment monitoring SaaS service system for 3D printing farms, leveraging AI algorithms and big data analysis [2] - The collaboration between Haina Technology and TuoZhu Technology highlights the trend of deep integration between 3D printing and AI applications [2] Industry Trends - The global 3D printing market is projected to reach approximately $24.6 billion by 2024, with an expected compound annual growth rate of nearly 20% over the next decade [2] - The Chinese market is experiencing significant growth, with a year-on-year increase in equipment production of 40.5% in the first three quarters [2] - The 3D printing industry is transitioning from technical exploration to a critical phase of large-scale application [2]

Group 1 - The 2025 Greater Bay Area Cultural Investment Conference showcased eight quality enterprises in fields such as intelligent robots, AI chess robots, 3D printing, and AR, indicating strong investor interest in cultural technology integration [3] - Investors expressed a strong desire to participate in new financing rounds for promising projects, highlighting a growing trend towards investment in cultural industries that leverage key technologies [3][5] - The cultural manufacturing sector is anticipated to become a hot investment market following the explosion of AI technology investments [3] Group 2 - Shenzhen Intelligent Technology Co., Ltd. aims to achieve a revenue target of 5 billion within three years, leveraging its position as a leading consumer-grade 3D printing brand with a compound annual growth rate of 30%-50% over the past five years [4][5] - The company has expanded its offerings to include self-developed 3D design software and mobile apps, providing comprehensive support for users from virtual modeling to printing [5] - The company has maintained profitability since its inception and is now seeking to strengthen its R&D capabilities through strategic investments, including one from DJI [5] Group 3 - The conference highlighted the role of local tech companies in supporting popular cultural products, such as the game "Black Myth: Wukong," showcasing innovations in AI and spatial computing [6] - Companies presented advanced technologies, including optical positioning algorithms and motion capture techniques, which enhance the digital content generation for gaming [6] - TourBox, developed by Hefei Tuwatech Co., Ltd., is a hardware-software integrated solution that significantly improves creative efficiency for digital creators, already adopted by over 500,000 creators globally [7] Group 4 - The 2025 Guangdong-Hong Kong-Macao Greater Bay Area Cultural Industry Investment Trend Report indicates that from 2020 to October 2025, there will be approximately 720 financing events in the cultural industry, with an estimated total financing amount of about 56.41 billion [9] - Investment events are primarily concentrated in Guangzhou and Shenzhen, accounting for 85% of the total, focusing on cultural technology integration, digital creative production, cultural manufacturing, and new cultural consumption [9] - The integration of digital technologies such as AI, AR, VR, and NFTs into the cultural industry presents significant investment opportunities [9]

"我们的目标是在三年内实现销售额3亿元，纯利润达到3000万元。"11月27日，在2025粤港澳大湾区文 化产业投资大会（广东·广州）文化智造路演专场上，深圳金石三维集团副总经理、深圳自由三维总经 理邓斌携带企业最新技术前来融资，为后续登陆资本市场做准备。 但3D打印并非万能。目前而言，缺数据支撑、建模贵、设备贵、效率低、体积小等，都是行业发展的 困境。"基于这些，我们定位成中国首家文创产业3D打印的集成服务商，希望从客户、渠道、设计、打 印、表面处理到后期落地全覆盖，打通产业链。"邓斌表示。 点评环节，丰源投资管理合伙人兼COO杨慧婧较为关心企业营收的主要来源。邓斌介绍，自由三维今 年的营收会超过三千万元，主要是做项目和打印服务，设备销售是主要销售来源。 （文章来源：21世纪经济报道） 邓斌在现场介绍，金石三维去年提出"3D打印+产业"策略，布局3D打印+航空航天、3D打印+军工、3D 打印+汽车、3D打印+消费电子、3D打印+医疗齿科、3D打印+文创等板块，定位为中国首家文创产业 3D打印集成服务商。 在邓斌看来，未来5至10年，3D打印将是万亿级大赛道。"从投资的维度看，自由三维还是会专注于工 业，专注 ...

Group 1: Major Companies and Initiatives - JD.com showcased over 30 global robot brands at the World Intelligent Manufacturing Conference, highlighting advancements in retail supply chain, AI productivity, smart logistics, and industrial digital equipment [1] - The South Korean government, along with Samsung and Hyundai, established an AI task force to plan the deployment of 260,000 NVIDIA GPUs, aiming to enhance AI infrastructure across the country [2] - Naver and Dunamu plan to invest 10 trillion KRW (approximately 6.8 billion USD) over the next five years to create an AI and Web3 ecosystem, targeting leadership in the digital finance market [3] Group 2: New Products and Collaborations - Quark AI glasses were launched, featuring two series with six models, equipped with Alibaba's latest AI assistant, with prices starting at 1,899 RMB [6] - Jinjiang Hotels partnered with Feishu to develop a customized collaborative platform named "JinKun," aimed at restructuring internal management and store operations using AI technology [7] Group 3: Emergency Response and Support - JD.com was the first company to deliver emergency supplies to the site of a major fire in Hong Kong, coordinating with local authorities to ensure rapid response and support for affected residents [4] - Jack Ma's foundation and Alibaba Group collectively donated 60 million HKD to support fire rescue efforts and aid for affected families and emergency personnel [4] Group 4: Infrastructure Developments - Beijing's new comprehensive transportation hub is set to be delivered soon, with expectations to be operational by the end of the year, designed to accommodate a large volume of passengers [8] Group 5: Economic Policies and Projections - The UK government announced plans to continue tax increases and spending to stimulate the economy, projecting an increase in tax revenue of approximately 8 billion GBP by 2029-2030 [9]

Group 1 - The collaboration between TuoZhu Technology and Haina Technology aims to establish the world's largest 3D printing factory in Shenzhen, with plans to deploy 15,000 TuoZhu 3D printers by Q1 2026 [1] - Haina Technology is a leading provider of digital solutions, utilizing AI, big data, and 3D printing technology to offer solutions for both B-end and C-end customers [1][2] - TuoZhu Technology is recognized as the first consumer-grade 3D printing company, with over 70% of global 3D printing farms equipped with its devices [1] Group 2 - The 3D printing technology has matured across various industries, enhancing production efficiency through flexible manufacturing, particularly in prototype development and rapid design iteration [2] - Haina Technology plans to develop a 3D printing farm that will provide integrated SaaS services, optimizing printing paths and reducing operational costs through AI and big data [2] - The global 3D printing market is projected to reach approximately $24.6 billion by 2024, with a nearly 20% compound annual growth rate over the next decade, particularly strong growth in the Chinese market [3]

证券日报网讯11月27日，科力尔（002892）在互动平台回答投资者提问时表示，公司凭借优异的产品品 质和优质的服务，在3D打印领域与拓竹科技、创想三维等多家国内外知名企业建立了长期稳定的合作 关系。 ...

Group 1 - The core point of the article is that Huina Technology, with the assistance of Tuozhu Technology, is set to establish the world's largest 3D printing factory in Shenzhen, aiming to deploy 15,000 Tuozhu 3D printers by the first quarter of 2026 [1][3]. - Currently, nearly 5,000 various models of Tuozhu 3D printers have already arrived and are being deployed [1]. Group 2 - The application of 3D printing technology has matured, particularly in areas such as prototype development in cultural and creative industries, flexible design iteration, and shoe mold development in soft wearable fields, enhancing production efficiency for both enterprises and individuals [3]. - Huina Technology plans to develop a 3D printing farm that will provide an integrated SaaS service system for smart production scheduling and equipment monitoring, leveraging AI algorithms and big data analysis to optimize printing paths and reduce operational costs [3]. Group 3 - The 3D printing industry is transitioning from technological exploration to a critical phase of large-scale application, with the global 3D printing market expected to reach approximately $24.6 billion by 2024 and maintain a nearly 20% compound annual growth rate over the next decade [4]. - The Chinese market is experiencing significant growth, with a year-on-year increase of 40.5% in equipment production in the first three quarters [4].

Core Viewpoint - The company, Keli'er (002892.SZ), has established long-term and stable partnerships in the 3D printing sector with several well-known domestic and international enterprises, including Tuo Zhu Technology and Chuangxiang Sanwei, due to its excellent product quality and service [1]. Group 1 - The company has a strong presence in the 3D printing industry [1]. - Keli'er collaborates with notable companies such as Tuo Zhu Technology and Chuangxiang Sanwei [1]. - The partnerships are characterized by their long-term stability [1].

Core Insights - The recent investment conference in the Guangdong-Hong Kong-Macao Greater Bay Area highlighted the growing interest in the cultural industry and capital investment, particularly in the 3D printing sector [1] - Shenzhen is emerging as a global hub for 3D printing, with over 80% of China's 3D printers exported from the region in the first seven months of the year [1] - Intelligent Partner Technology Co., Ltd. has recently completed a strategic financing round worth hundreds of millions of RMB, with DJI Innovations as an investor, and aims to achieve a revenue target of 5 billion RMB within three years [1][2] Company Overview - Intelligent Partner was founded in early 2015 and shifted its focus from STEM kits to 3D printers after identifying market opportunities [1] - The company has evolved into a leading player in the global smart manufacturing industry and is recognized as a national-level "specialized and innovative" small giant enterprise [1] - Currently, 98% of Intelligent Partner's revenue comes from overseas markets, with plans to increase domestic revenue to around 20% [2] Industry Analysis - The 3D printing market is entering a significant growth phase, with expectations to exceed 200 billion RMB in the near future [2] - The industry is becoming increasingly concentrated, with at least three to five leading companies expected to coexist despite rising competition [2] - Competition is shifting from hardware to a comprehensive battle involving software integration, model library development, and ecosystem capabilities [2]

Core Insights - Alibaba's FY2Q26 revenue reached 247.8 billion RMB, a year-on-year increase of 5%. Excluding disposed business revenues, the same-caliber revenue growth was 15%. Adjusted EBITA decreased by 78% to 9.1 billion RMB, while Non-GAAP net profit fell by 72% to 10.4 billion RMB, meeting expectations [4][11]. - The strategic focus has shifted from platform economy to a comprehensive transformation towards a large consumption ecosystem, with "full-site push" and instant retail driving traffic synergy [5][11]. - Alibaba's cloud business revenue grew by 34% to 39.8 billion RMB, with adjusted EBITA increasing by 35% and EBITA margin rising to 9.0%. The company continues to enhance its AI capabilities, with significant upgrades announced in September [11]. Financial Performance - The Chinese e-commerce group achieved revenue of 132.6 billion RMB in FY2Q26, a 16% year-on-year increase, with adjusted EBITA of 10.5 billion RMB, down 76% [5][11]. - Customer management revenue maintained a 10% growth, reaching 78.9 billion RMB in FY2Q26 [5][11]. - The international digital commerce group reported a 10% revenue increase to 34.8 billion RMB, achieving profitability with an adjusted EBITA of 1.62 billion RMB [11]. Strategic Developments - The launch of the Qianwen app has seen over 10 million downloads within a week, marking a significant step in reaching C-end users and supporting a complete AI ecosystem [11]. - The company is actively expanding its instant retail strategy, with approximately 3,500 Tmall brands integrating offline stores into the instant retail business by the end of October [5][11]. - Alibaba's focus on AI and instant retail is expected to enhance user lifecycle and customer value, driving cross-scenario traffic synergy [11]. Market Outlook - The report maintains a "Buy" rating for Alibaba, highlighting its dual core drivers of large consumption and technology, with a long-term moat built around its full-stack AI strategy [6][11]. - Profit forecasts for FY26-27 have been adjusted downwards to 101.9 billion RMB and 145.5 billion RMB, respectively, while the FY28 forecast has been raised to 183.6 billion RMB [6][11].