Core Insights - The Chinese venture capital market is expected to see a significant recovery in 2025, with a projected 30.33% year-on-year increase in investment events and a 31.54% rise in investment scale, reaching approximately 11,930 billion RMB [1][2] - Key trends in the venture capital space include a focus on hard technology, particularly in sectors like semiconductors, embodied intelligence, AI agents, AI glasses, AI toys, 3D printing, short dramas, and commercial aerospace [1][3][21] Venture Capital Market Overview - In 2025, the number of newly established funds in China reached approximately 4,871, marking a 16.73% increase year-on-year [1] - The overall investment events in the VC/PE market totaled around 10,007, indicating a robust recovery from previous years [1] Semiconductor Industry - The semiconductor sector emerged as the hottest financing industry in 2025, with around 1,419 financing events and a total financing scale exceeding 18.5 billion RMB [3] - Over 20 chip-related companies went public in 2025, raising over 4.5 billion RMB, with notable IPOs like Moore Threads seeing stock price surges of over 460% on debut [3][4] - China is projected to remain the largest market for semiconductor equipment investment, with an estimated expenditure of about 38 billion USD (approximately 270 billion RMB) in 2025 [4] Embodied Intelligence - The embodied intelligence sector gained traction in 2025, particularly after a notable performance by Yushu Technology at the Spring Festival Gala, which drew significant public attention [5][6] - The domestic robotics industry saw a doubling of financing events in the first three quarters of 2025, totaling around 50 billion RMB, with leading companies experiencing substantial valuation increases [6] AI Agents - AI agents became a primary trend in seed-stage investments in 2025, with total funding reaching approximately 700 million USD by mid-year [7][8] - Vertical AI agents in fields like programming, design, and finance attracted significant investor interest, with companies like Genspark AI raising 375 million USD [8][9] AI Glasses - AI glasses emerged as a potential next-generation smart hardware product, with a focus on seamless interaction and real-time assistance [10][12] - The global smart glasses market is expected to see a shipment volume of 4.065 million units in the first half of 2025, reflecting a 64.2% year-on-year growth [12] AI Toys - The AI toy sector saw at least 19 financing events in 2025, with significant investments from major venture capital firms [13][14] - Companies like Havivi and Luobo Intelligent achieved notable sales milestones, indicating strong market demand for AI toys [13] 3D Printing - The 3D printing industry experienced a resurgence in 2025, with around 100 financing events and a total investment of approximately 8.4 billion RMB [16][17] - Major companies in the sector reported substantial revenue growth, with some achieving over 100 billion RMB in revenue [16] Short Dramas - The short drama sector matured in 2025, with significant participation from major platforms and a reported market size exceeding 63.4 billion RMB [18][20] - The industry saw a fourfold increase in micro-short drama productions, indicating a growing acceptance among audiences [18] Commercial Aerospace - The commercial aerospace sector reached a financing total of 18.6 billion RMB in 2025, marking a 32% year-on-year increase [21][22] - The successful launch of reusable rockets and supportive government policies contributed to the sector's growth and investor interest [21][22]

12月29日，拓竹科技(以下简称"拓竹")宣布与全球顶尖鞋履设计品牌 SCRY旗下全新创意工作室 FORMISM达成深度合作，推出9款FDM 3D打印鞋履数字模型。这一合作首次实现"设计开源+个人制 造"的潮流鞋履获取模式，将传统动辄数千元的3D打印鞋成本降至耗材价，彻底改写潮流消费领域的规 则。 当前3D打印鞋市场仍被"限量价高"标签主导：耐克与德国3D打印公司Zellerfeld合作的Air Max 1000限量 款售价179美元且需抽签购买，阿迪达斯与美国3D打印公司Carbon合作的Climacool鞋款同样发售数量有 限，定价140美元，且不支持个性化定制。"限量价高"源于传统制造模式下的品牌溢价、产能限制与渠 道垄断，而3D打印FDM技术的成熟正在打破这一困局。 作为以光固化技术为基础的3D打印鞋履领军品牌，SCRY曾获福布斯中国创新品牌、红点设计奖等荣 誉，合作对象包括GQ、ANNAKIKI、上官喆等顶级时尚IP，并长期活跃于巴黎时装周等国际舞台。拓 竹此次联合其旗下全新创意工作室FORMISM，通过对自然形态与运动轨迹中曲线语言的提炼重塑，共 同推出3个系列——「流型」、「千面之人」、「漫游」 ...

对于企业而言，针对中央经济工作会议提出的持续扩大内需等议题会有哪些举措？2026年有哪些战略发展目标？新京报贝壳财经记者近期就此采访了深圳市 轻量智造科技有限公司创始人、首席执行官王志宇。 深圳市轻量智造科技有限公司创始人、首席执行官王志宇。受访者供图 新京报贝壳财经：中央经济工作会议提出持续扩大内需、优化供给，做优增量、盘活存量，因地制宜发展新质生产力，对此，轻量智造会有哪些具体举措？ 王志宇：产品创新方面，我们会持续攻坚3D打印批量制造核心技术，重点攻克打印效率提升、多材料适配打印等关键技术瓶颈，推出2款针对不同细分场景 的机型；同步建立完善的产品质量控制体系，构建技术竞争壁垒。 在业务线拓展方面，以"设备+服务+材料"一体化为核心延伸业务边界，在核心设备销售基础上，拓展材料耗材销售，逐步实现对传统注塑工艺的部分替 代，夯实公司在SMB批量制造赛道的领先地位。 王志宇认为，2026年是轻量智造产业化落地与市场拓展的关键之年，核心目标是实现首款产品市场破冰与规模化营收，依托众筹平台和自建独立站瞄准欧美 SMB市场，实现年度营收突破1亿元。同时搭建覆盖欧美线下网络渠道，发展5-8家区域核心经销商，推动产品市场 ...

Group 1 - The core point of the news is that Plutotech's stock price decreased by 2.23% to 106.33 CNY per share, with a total market capitalization of 29.169 billion CNY as of the report date [1] - Plutotech, established on July 6, 2011, and listed on July 22, 2019, specializes in providing comprehensive solutions for metal additive manufacturing (3D printing) and remanufacturing technology [1] - The company's revenue composition includes 63.33% from customized 3D printing products and technical services, 27.89% from 3D printing equipment, parts, and technical services, and 8.78% from 3D printing raw materials [1] Group 2 - According to data from the top ten holdings of funds, one fund under Huatai Asset Management holds shares in Plutotech, specifically the Huatai Zijin CSI 1000 Index Enhanced Initiation A (018062), which held 1,800 shares, accounting for 0.69% of the fund's net value [2] - The fund was established on June 8, 2023, with a latest scale of 14.5393 million CNY, and has achieved a year-to-date return of 36.12%, ranking 1303 out of 4195 in its category [2] - The fund manager, Mao Tian, has a tenure of 8 years and 21 days, with the fund's total asset scale at 586 million CNY, achieving a best return of 105.95% and a worst return of -34.21% during the tenure [2]

高分辨率3D打印对喷嘴精度要求极高。目前，市售的超细喷嘴多由特种金属或玻璃制成，制造工艺复 杂，成本高昂。研究团队指出，传统喷嘴在生产和使用过程中不仅产生大量环境废弃物，还可能因工艺 局限带来健康风险。为了寻找替代方案，研究团队将目光投向自然界中高度进化的微结构——蚊子口 器。 经过数百万年进化，蚊子口器形成了一种直径仅为人类发丝直径一半左右的天然微针结构，兼具特殊几 何形态和力学韧性。研究团队在显微镜下分离出蚊子吸血管，并利用特种树脂将其固定在标准塑料分配 器尖端。结果发现，这种生物喷嘴能承受极大的压力，打印出的复杂结构精细程度大约是目前商业打印 喷嘴的2倍。 据最新一期《科学进展》杂志报道，加拿大麦吉尔大学与美国德雷塞尔大学团队联合，开发出一种颇具 创意的高分辨率3D打印新技术。他们将雌性蚊子的口器（吸血管）转化成了高分辨率的3D打印喷嘴。 这种技术不仅能打印出精度达20微米的极细线条，还为解决昂贵、高能耗的微纳制造难题提供了可持续 的生物学方案。 团队已利用该技术成功打印出蜂窝状结构、枫叶图案，以及封装有红细胞和癌细胞的生物支架。研究团 队表示，蚊子口器使其能够制造出传统工具难以实现或成本极高的超精细结 ...

Core Viewpoint - The company has established partnerships in the commercial aerospace sector, specifically in satellite collaborations, leveraging its 3D printing technology [1] Group 1 - The company confirmed its collaboration with leading satellite constellation companies, including Zhixing Space and Xingzhong Space [1] - The company's 3D printing technology is applicable to satellite manufacturing, indicating a strategic focus on the aerospace industry [1]

Group 1: Market Dynamics - The business landscape in 2025 is increasingly competitive, with new companies challenging established leaders in saturated markets [1][3] - Companies like YingShi and TuoZhu are innovating in consumer hardware and 3D printing, respectively, by addressing core pain points and enhancing user experience [3][4][5] - The rise of AI applications is accelerating, with companies like MiniMax and Manus achieving significant milestones in their respective fields [1][14] Group 2: Company Performances - YingShi has become the global leader in panoramic cameras, surpassing major competitors like Ricoh and Samsung, with a revenue of 6.611 billion yuan in the first three quarters of 2025, a nearly 70% year-on-year increase [4][5] - TuoZhu has emerged as the global leader in consumer-grade 3D printing, achieving a revenue of nearly 10 billion yuan in 2025, doubling its previous year's figures [5][6] - MoEr Thread has successfully launched on the STAR Market, with a market capitalization exceeding 300 billion yuan, marking its position as the first domestic GPU stock [8][9] Group 3: Strategic Moves - MoEr Thread is focusing on building a comprehensive ecosystem around its MUSA architecture, aiming to compete with NVIDIA's CUDA by enhancing its software and hardware capabilities [9][11] - FishBubble is attempting to penetrate the white-collar recruitment market, aiming to expand its user base beyond its traditional blue-collar focus, with over 1 million users already [12][13] - Manus has achieved an annual recurring revenue (ARR) of over 100 million USD within nine months of commercialization, showcasing rapid growth in the AI sector [17][18] Group 4: Future Outlook - The 3D printing industry is expected to continue evolving, with TuoZhu aiming for further innovations and market penetration [7] - MoEr Thread plans to enhance its GPU offerings and expand its ecosystem, indicating a long-term vision for growth in the computing industry [11][12] - FishBubble's ambition to challenge established players in the recruitment market reflects a broader trend of new entrants seeking to disrupt traditional industries [12][13]

Group 1 - The core viewpoint of the article is that Plater (688333.SH) is leveraging its 3D printing technology for applications in the satellite industry, indicating a strategic focus on aerospace collaborations [1] Group 2 - The company is currently collaborating with firms such as Zhixing Space and Xingzhong Space, highlighting its partnerships within the space sector [1]

开板近14个月以来，"3D打印第一股"铂力特(688333.SH)成为首家被举牌的科创板上市公司。 据铂力特披露，日前朱雀基金管理有限公司(以下简称"朱雀基金")管理的私募资产管理计划及其一致行 动人平安信托有限责任公司(以下简称"平安信托")通过集中竞价方式增持公司股票。增持完成后，朱雀 基金管理的私募资产管理计划及其一致行动人平安信托共计持有铂力特5%股权。 长江商报记者注意到，朱雀基金对于铂力特的增持主要集中在近三个月。而在此期间，铂力特股价由7 月1日的51.45元最高上涨至8月5日的118.88元。截至9月14日收盘，铂力特报99.4元/股，涨幅达到20%， 近三个月内整体增幅接近翻倍。 本次权益变动后，朱雀基金管理的私募资产管理计划及其一致行动人平安信托持有公司无限售流通股 400万股，占公司总股本的5%，构成举牌。与此同时，朱雀基金所管理的公募基金合计持有公司股票 101.31万股，占公司股份总额的1.27%。换言之，朱雀基金及其一致行动人管理的产品目前共计持有铂 力特6.27%股份。 简式权益变动报告书显示，此次朱雀基金及其一致行动人平安信托增持铂力特股票，主要为看好铂力特 所从事行业的未来发 ...

近日，雷峰网·鲸犀就3D打印品牌轻量智造完成天使轮融资一事对其进行了独家采访并披露相关进展。 本轮融资由头部激光器上市企业海目星追加投资，南山战新投跟投，万创投行担任企业融资财务顾问。 结合此前获得的孵化投入，轻量智造在成立不到一年内累计融资额已达数千万元人民币，本轮资金将主 要用于产品的产业化落地与核心技术研发。此次融资事件也进一步印证了资本市场对消费级3D打印批 量制造这一细分赛道发展潜力的认可。 轻量智造的成长轨迹与万创投行长期深耕硬科技与先进制造领域的研判高度契合。我们始终关注并青睐 那些以核心技术为根基、以解决真实产业痛点为使命的团队。轻量智造团队不仅展现出顶尖的技术产品 化能力，更具备清晰的市场视野，其选择的赛道正处在从技术普及迈向产业渗透的关键拐点。此次获得 海目星等产业资本的追加投资，无疑是一次强有力的产业生态背书。 万创投行相信，此类深度融合产业资源与创新活力的战略合作，将为3D打印行业的整体发展注入持续 动能。我们期待轻量智造以此为契机，加速推动3D打印技术从创意工坊走向规模化制造车间，在全球 范围内赋能更多中小企业，共同迈向智能制造的新阶段。 在竞争激烈的科创领域，轻量智造能够获得产业资 ...