Core Viewpoint - The company is optimistic about its copper substrate segment in Thailand, expecting to turn profitable this year and gradually stabilize over the next two years, contributing incremental growth [1] Group 1: Copper Substrate Segment - The Thai company within the copper substrate segment is projected to achieve profitability this year [1] - The segment is expected to gradually stabilize over the next two years, contributing to incremental growth [1] Group 2: Tin Substrate Segment - The company plans to increase R&D efforts for high-end products in the tin substrate segment, such as tin balls and solder columns [1] - These products are currently in the validation and ramp-up phase [1] Group 3: 3D Printing Powder Materials - The construction of the 3D printing powder materials industrial base is expected to be completed in the second half of 2026, with equipment installation and debugging to follow [1] - New growth is anticipated in 2027 from this segment [1] Group 4: Electronic Paste Segment - The electronic paste segment is primarily focused on micro-nano powders [1] - The company will make flexible adjustments based on R&D progress and market demand [1]

Core Viewpoint - The company is strategically aligning its production capacity with the growth trends in the metal 3D printing market, ensuring that it can meet increasing demand across various applications, including commercial aerospace [1] Group 1: Production Capacity and Strategy - The company is developing its production capacity based on insights into the growth trends of the metal 3D printing market [1] - The company is optimizing existing capacity through process improvements, production scheduling, and technology upgrades to meet order delivery requirements [1] - The new aluminum alloy production capacity is planned to cater to the growing demand across multiple application areas [1]

Group 1 - The core viewpoint of the article is that the trend of silver reduction in the photovoltaic industry is recognized, and the company is actively developing low-cost metallization solutions and products [1] - The company is collaborating closely with leading enterprises in the downstream sector to contribute positively to the sustainable development of the photovoltaic industry [1]

Group 1 - The company is optimizing production scheduling and improving processes to increase capacity and meet order delivery requirements [2]

Group 1 - The core viewpoint of the article highlights that the company's additive manufacturing products are being utilized in satellite and rocket applications, particularly for weight reduction, heat dissipation, and complex structural components printing [2] - The launch plans for satellites like Qianfan Constellation are expected to further drive the application of additive manufacturing in the satellite manufacturing and launch sectors [2] - The company's production capacity is stated to be sufficient to meet future demand growth in this area [2]

Group 1 - The company is actively expanding its commercial aerospace business partnerships [2] - The main products include 3D printed aluminum alloys, copper alloys, high-temperature alloys, and stainless steel powders, which have wide applications in the commercial aerospace sector [2] - The company has already established collaborations with domestic companies in the commercial aerospace field [2]

（文章来源：证券日报） 证券日报网讯 12月11日，有研粉材在互动平台回答投资者提问时表示，未来商业航天产业所涉及的卫 星、火箭、空间站等将更多引入3D打印技术用于轻量化、复杂结构等零部件制造。公司3D打印粉末产 品目前已在商业航天领域有应用。产能规划能够满足商业航天需求增长。 ...

Core Viewpoint - The company has reported an increase in orders driven by demand for 3D printing powders across various sectors, including aerospace, commercial space, and other industrial fields [2] Group 1: Company Insights - The company indicated that the commercial space industry is expected to maintain rapid growth and will increasingly adopt metal 3D printing technology, leading to sustained demand for powder materials [2]

Group 1 - The company is actively expanding its commercial aerospace business collaborations [1] - The main products include 3D printed aluminum alloys, copper alloys, high-temperature alloys, and stainless steel powders, which have wide applications in the commercial aerospace sector [1] - The company has already established partnerships with domestic companies in the commercial aerospace field [1]

格隆汇12月11日丨有研粉材(688456.SH)在互动平台表示，公司3D打印铝合金、铜合金、高温合金等产 品能应用在运载火箭上。朱雀3号可回收火箭属行业下游具体应用，公司不直接掌握间接信息。 ...