Group 1 - The core point of the news is that Shenzhen Chuangxiang Sanwei Technology Co., Ltd. plans to issue up to 150,808,200 overseas listed ordinary shares and convert 393,412,551 shares held by 21 shareholders into shares for overseas listing on the Hong Kong Stock Exchange [1][3] - The company submitted its prospectus to the Hong Kong Stock Exchange in August 2025, with China International Capital Corporation as the exclusive sponsor [3] - Chuangxiang Sanwei Technology is a leading global provider of consumer-grade 3D printing products and services, with a market share of 27.9% in cumulative shipments of consumer-grade 3D printers from 2020 to 2024, making it the largest in the sector [3] Group 2 - According to the data, Chuangxiang Sanwei Technology ranks second globally in consumer-grade 3D printer market share based on 2024 shipment volume, first in consumer-grade 3D scanner market share, and third in consumer-grade laser engraving machine market share [3] - The total number of shares being converted for full circulation by various shareholders includes significant contributions from multiple entities, with the largest individual shareholders being Chen Chun, Ao Danjun, and Liu Huilin, each converting 51.6 million shares [4]

在"福"字底衬上，一匹骏马抬起前蹄，红色材质泛着珠光，结构立体饱满，年味十足。 "这是公司为客户设计的一套'马上有福'装饰件，打印完成了。"操作员杨盛武边说边从托盘取下打印好 的装饰件。 这里是深圳市金石华速科技有限公司在深圳市光明区建设的一家3D打印工厂。走进杨盛武工作的车 间，没有忙碌的生产线，也没有先进的机器人、机械臂，看不到来回运送物料的AGV小车，看上去那 么普通。然而，这个21岁的小伙子坚定地认为，自己正在做一件属于未来、也将改变未来的工作。 按照业内习惯，杨盛武把这个车间称为"农场"。这里，5000台不同款式的3D打印机整齐排列，每天常 有上千台设备同时工作，把设计师的奇思妙想打印成不同种类、不同材质的玩具和工业件。 1月26日， "农场"打印的产品主要分为两类。一类是玩具、摆件、装饰品等日用品，产品以出口为主。一类是随着 打印技术和耗材质量不断进步，国内厂家定制的工业件。春节前，新春主题订单纷至沓来，红色、金色 等颜色的耗材用量增加，打印出福字装饰、吉利话标牌、带有马年元素的挂件等产品。 "农场"的工作，往往从"收菜"开始。"收菜"是3D打印行业对收取打印成品的别称。3D打印步骤包括设 计、切 ...

在"福"字底衬上，一匹骏马抬起前蹄，红色材质泛着珠光，结构立体饱满，年味十足。 "这是公司为客户设计的一套'马上有福'装饰件，打印完成了。"操作员杨盛武边说边从托盘取下打印好 的装饰件。 这里是深圳市金石华速科技有限公司在深圳市光明区建设的一家3D打印工厂。走进杨盛武工作的车 间，没有忙碌的生产线，也没有先进的机器人、机械臂，看不到来回运送物料的AGV小车，看上去那 么普通。然而，这个21岁的小伙子坚定地认为，自己正在做一件属于未来、也将改变未来的工作。 按照业内习惯，杨盛武把这个车间称为"农场"。这里，5000台不同款式的3D打印机整齐排列，每天常 有上千台设备同时工作，把设计师的奇思妙想打印成不同种类、不同材质的玩具和工业件。 "农场"打印的产品主要分为两类。一类是玩具、摆件、装饰品等日用品，产品以出口为主。一类是随着 打印技术和耗材质量不断进步，国内厂家定制的工业件。春节前，新春主题订单纷至沓来，红色、金色 等颜色的耗材用量增加，打印出福字装饰、吉利话标牌、带有马年元素的挂件等产品。 1月26日，杨盛武在"3D打印农场"查看刚刚打印出来的"马上有福"装饰件。新华社记者毛思倩摄 俗称3D打印的增材制造技术 ...

Core Viewpoint - The integration of traditional cultural elements with modern 3D printing technology is creating innovative products that resonate with contemporary consumers, particularly during the festive season [1][3]. Group 1: Company Overview - Gansu Tianyi Zhichuang Cultural Industry Co., Ltd. is an innovative technology and cultural enterprise focused on the research and development of cultural products, digital 3D printing, and finished product sales [3]. - The company was established through a partnership between Lanzhou Huiye Vision Cultural Media Co., Ltd. and the cultural tourism performance company of Shandan County, utilizing fixed assets for investment [3]. Group 2: Product and Technology - The company operates over 40 industrial-grade H2D 3D printers that utilize biodegradable materials extracted from corn straw, achieving precision of ±0.1 mm and the ability to print in five colors simultaneously [1]. - Additionally, three large-format light-curing 3D printers are capable of producing items up to 1.2 meters long and 2 meters wide, with smooth surfaces and intricate details suitable for various applications such as advertising, custom furniture, and industrial sculptures [2]. Group 3: Market Impact and Sales - Since its production began in October 2025, the company has achieved sales of 650,000 yuan, with a product line that includes cultural products, teaching aids, personalized items, ceramic products, and three-dimensional sculptures [3]. - The introduction of limited edition cultural products that blend Spring Festival elements with local culture aims to make traditional cultural treasures more accessible and appealing to younger consumers [2].

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Investment Rating - The report maintains a "Recommended" rating for the 3D printing industry, indicating a positive outlook for the sector's fundamentals and expectations for the industry index to outperform the benchmark index [8]. Core Insights - The global consumer-grade 3D printing industry is entering a phase of accelerated adoption, with rapid market growth anticipated. The report suggests focusing on investment opportunities within the industry chain, particularly companies related to the leading player, Tuozhu [1]. - The demand for consumer-grade 3D printing is expected to grow rapidly, driven by advancements in artificial intelligence and printing performance. The market size is projected to reach USD 4.1 billion in 2024 and grow to USD 16.9 billion by 2029, with a CAGR of 26.6% [6]. - The supply side shows that the global 3D printer market share is increasingly concentrated among leading Chinese companies, with Tuozhu expected to capture approximately 29% of the market share in 2024 [6]. Industry Overview - The 3D printing industry encompasses various segments, including upstream raw materials, hardware, and auxiliary software, as well as downstream applications in aerospace, automotive, healthcare, rail transportation, cultural creativity, and construction [6]. - The report highlights key players in the industry, including: - **Sikan Technology**: A leading domestic 3D scanner company that has signed a framework agreement with Tuozhu to jointly design and develop consumer-grade 3D scanners [6]. - **Jinchengzi**: A leader in laser processing control systems, focusing on self-developed industrial software and control systems, and a major provider of automation control components for 3D printing equipment [6]. - **Jieput**: Provides continuous fiber lasers and related optical modules to midstream manufacturers, enhancing the speed and precision of 3D printing [6].

实验表明，该技术生成毫米尺寸复杂结构的加工时间仅需0.6秒，最细可打印12微米尺寸结构，打印速 率可达每秒333立方毫米。团队成员吴嘉敏说，借助创新的光学系统设计，DISH技术突破了逐点或逐层 扫描模式的速度瓶颈，可在极短时间内精准投影出复杂的三维光强分布，实现对物体的快速打印。 戴琼海认为，DISH为相关领域技术升级提供了新的解决方案。例如在工程制造领域，可批量生产光子 计算器件、手机相机模组等微型组件，打印带有尖锐角度、复杂曲面的零件等。未来还有望拓展至柔性 电子、微型机器人、高分辨率组织模型等复杂场景。 据新华社北京2月12日电（记者魏梦佳）我国科学家研发出一种新型3D打印技术，0.6秒即可完成毫米尺 寸复杂物体的高分辨率三维打印，刷新目前已知的3D打印速度新纪录。该成果12日凌晨在线发表于 《自然》。 3D打印应用广泛，但一直存在"速度和精度"的烦恼，难以满足科研与生产需要。中国工程院院士戴琼 海教授带领的清华大学成像与智能技术实验室研究团队，历经5年攻关，攻克多视角光场的高速调控、 拓展景深的全息图案优化算法设计等系列难题，最终创出"数字非相干合成全息光场（DISH）"3D打印 技术。 ...

3D打印技术的性能突破关乎生物医学、微纳科技、先进制造等前沿领域发展。我国科学家研发出一种 新型3D打印技术，0.6秒即可完成毫米尺寸复杂物体的高分辨率三维打印，刷新目前已知的3D打印速度 新纪录。该成果2月12日凌晨在线发表于《自然》。 3D打印应用广泛，但一直存在"速度和精度"的烦恼：打印材料与探头间的精密机械运动虽能保障精 度，但打印效率较低，毫米级物体的高分辨率打印往往需要几十分钟甚至几个小时才能完成，难以满足 科研与生产需要。此外，现有高速3D打印对容器结构、材料粘度等也有限制。 我国科学家在3D打印领域有新突破 中国工程院院士戴琼海教授带领的清华大学成像与智能技术实验室研究团队，基于在计算光学领域深耕 的实践，发现计算光学可操纵高维全息光场构建三维实体。团队历经5年攻关，攻克多视角光场的高速 调控、拓展景深的全息图案优化算法设计等系列难题，最终创出"数字非相干合成全息光场 （DISH）"3D打印技术。 实验表明，该技术生成毫米尺寸复杂结构的加工时间仅需0.6秒，最细可打印12微米尺寸结构，打印速 率可达每秒333立方毫米。"这是目前已知3D打印的最高速率。"团队成员、吴嘉敏副教授说，借助创新 的光 ...

（来源：衢州日报） 转自：衢州日报 该技术的另一优势是其对打印容器的要求极为简便，仅需容器具备一个光学平面，打印中容器保持静止 即可，无需进行高精度相对运动。这极大拓展了打印场景，特别是可直接在普通流体管道内放置打印材 料，实现流体环境中的批量、连续打印。 新华社北京2月12日电 （记者 魏梦佳） 3D打印技术的性能突破关乎生物医学、微纳科技、先进制造等 前沿领域发展。我国科学家研发出一种新型3D打印技术，0.6秒即可完成毫米尺寸复杂物体的高分辨率 三维打印，刷新目前已知的3D打印速度新纪录。该成果12日凌晨在线发表于《自然》。 戴琼海认为，DISH为相关领域技术升级提供了新的解决方案。例如在工程制造领域，可批量生产光子 计算器件、手机相机模组等微型组件，打印带有尖锐角度、复杂曲面的零件等。未来还有望拓展至柔性 电子、微型机器人、高分辨率组织模型等复杂场景。 3D打印应用广泛，但一直存在"速度和精度"的烦恼：打印材料与探头间的精密机械运动虽能保障精 度，但打印效率较低，毫米级物体的高分辨率打印往往需要几十分钟甚至几个小时才能完成，难以满足 科研与生产需要。此外，现有高速3D打印对容器结构、材料粘度等也有限制。 ...

Group 1 - The core innovation is the "Digital Incoherent Synthetic Holographic Light Field (DISH)" 3D printing technology, which can complete high-resolution 3D printing of complex objects in millimeter size within 0.6 seconds, setting a new speed record for 3D printing [1] - DISH technology provides new solutions for technological upgrades in related fields, such as mass production of photonic computing devices and micro-components like mobile camera modules, as well as the ability to print parts with sharp angles and complex surfaces [1] - The 3D printing industry is on the verge of a transformative shift, with expectations to exceed 100 billion yuan by 2029, driving the scale of the upstream and downstream industrial chain to over 300 billion yuan [1] Group 2 - Relevant A-share concept stocks include AVIC Heavy Machinery and Dongmu Co., Ltd. [1]