Core Insights - The article emphasizes the growing collaboration between end-user brands and 3D printing material and equipment companies, highlighting the importance of practical application scenarios for commercial breakthroughs in the industry [1][2]. Group 1: Industry Applications - SpaceX has announced the extensive use of 3D printing technology in its rockets [1]. - Airbus's A350 aircraft incorporates 100 parts produced through laser sintering 3D printing technology, achieving an annual production volume of 26,000 parts [1]. - The micro-drone developed by Yingpu 3D, utilizing carbon fiber reinforced nylon, has a final frame weight of only 6 grams, showcasing extreme lightweight design [1]. - A team from Xi'an Jiaotong University has collaborated with several medical institutions to apply PEEK in clinical settings for sternum and rib applications [1]. - BYD Electronics has established a specialized technical team to reduce subsequent CNC processes for shell manufacturing, effectively lowering production costs [1]. - Leading sports brands like Nike and Adidas have been integrating 3D printing technology into the production of shoe midsoles and uppers since 2015 [1]. Group 2: Forum Information - The 2025 Polymer 3D Printing Materials Summit Forum will facilitate communication and collaboration between industry players, focusing on the real demands and imaginative applications of end-users [2]. - The forum will offer 100 free attendance slots for end-user companies in sectors such as aerospace, medical devices, consumer electronics, drones, robotics, footwear brands, smart home, and automotive electronics [2][9]. - The forum is scheduled to take place from July 18-20, 2025, in Hangzhou, Zhejiang [12].

Group 1 - The 3D printing industry in China is experiencing rapid growth, with equipment production increasing by 36%, 11%, and 45% year-on-year from 2023 to Q1 2025, and export volumes rising by 55%, 6%, and 24% during the same period [1] - The market applications of 3D printing have expanded from consumer goods in Europe and the US to include trendy toys in China, and are gradually penetrating functional items such as footwear and helmets [1] - 3D printing is recognized as a strategic emerging industry with strong domestic and international policy support, leading to sustained market growth [1] Group 2 - Tencent's WeGame Game Night is scheduled for June 16, showcasing important game releases and new titles, indicating a positive outlook for the gaming sector [2] - The gaming and media sectors are viewed as one of the best emerging consumer segments, with recent stock price increases in companies like Lehua, Juxing, Alibaba Pictures, Maoyan, and NetEase Music signaling a valuation recovery [2] - The cultural export of gaming and media is just beginning, supported by favorable policies, which presents further growth opportunities [2] Group 3 - The construction of new data centers is on the rise due to the AI wave, with liquid cooling technology becoming essential to address energy consumption challenges [3] - The power density of AIDC cabinets is increasing from traditional IDC levels of 5-15KW to several tens of KW, while traditional air cooling systems have a maximum cooling capacity of 25KW per cabinet [3] - Liquid cooling systems can significantly enhance energy efficiency and reduce overall costs, positioning them to become mainstream in the AIDC era [4] Group 4 - Major corporations like Amazon and Walmart are exploring the possibility of issuing their own stablecoins in the US, indicating a growing interest in digital currencies among large enterprises [5]

Industry Insights - The National Medical Products Administration of China has proposed to expedite the review and approval process for clinical trials of innovative drugs, aiming to complete reviews within 30 working days for eligible applications, which is expected to enhance the efficiency of clinical research [2] - The brain-computer interface technology is rapidly transitioning from laboratory to commercial applications in China, with significant growth potential, making it suitable for medium to long-term investment [8] - The quantum technology industry is projected to reach a valuation in the hundreds of billions, driven by policy support and industrialization efforts, with various applications being explored both domestically and internationally [10] Company Developments - Goldman Sachs has identified a group of ten leading private enterprises in China, including Tencent, Alibaba, and Xiaomi, which are expected to strengthen their market dominance, similar to the "Big Seven" in the US [3] - Circle's stock price surged by 13.1% to $151, nearing five times its IPO price, with a market capitalization exceeding $33.6 billion, highlighting the growing significance of its stablecoin USDC in the market [4] - Midea Group plans to repurchase shares worth between 5 billion to 10 billion yuan, indicating a positive outlook on its stock performance [11]

Group 1: Stablecoins and Digital Assets - The Hong Kong Monetary Authority will expedite the processing of stablecoin license applications following the enactment of the Stablecoin Ordinance, in response to the growing demand for digital assets [1] Group 2: Pharmaceutical Innovation - The National Medical Products Administration plans to complete the review and approval of clinical trial applications for innovative drugs within 30 working days, aiming to enhance the efficiency of clinical research and support the development of urgently needed drugs [2] Group 3: Investment in Chinese Private Enterprises - Goldman Sachs reports an improving mid-term investment outlook for Chinese private enterprises, highlighting a list of ten favored companies with a total market capitalization of $1.6 trillion, representing 42% of the MSCI China Index [3] Group 4: Foreign Trade Performance - China's foreign trade maintained steady growth in May, with total imports and exports increasing by 2.7% and exports rising by 6.3%, attributed to the country's commitment to expanding openness and upgrading its industrial structure [4] Group 5: Unicorn Enterprises Policy - The Ministry of Industry and Information Technology is formulating policies to cultivate and grow unicorn enterprises, enhancing support for specialized and innovative small and medium-sized enterprises [5] Group 6: Quantum Computing Development - China's first superconducting quantum computing measurement and control system, designed for a thousand-bit scale, has been delivered, laying a solid foundation for the development of larger-scale fault-tolerant quantum computers [6] Group 7: Technology Insurance Policy - Shanghai has introduced new policies to support high-quality development of technology insurance, focusing on future industries and cutting-edge technologies to foster a partnership between the insurance industry and emerging sectors [8] Group 8: Agricultural Innovation - The Ministry of Agriculture and Rural Affairs has issued measures to enhance the management of crop varieties, emphasizing the collection and utilization of genetic resources and the breeding of breakthrough new varieties [9] Group 9: 3D Printing and Intellectual Property - The popularity of Labubu models has raised concerns about potential legal issues related to copyright and trademark infringement in the 3D printing community, as unauthorized reproductions could lead to significant legal consequences [10] Group 10: Payment and Clearing Business Continuity - The China Payment and Clearing Association has issued guidelines to ensure the continuity of payment and clearing services during peak marketing periods, emphasizing the importance of preparedness for extreme weather events [11]

Group 1 - The global collectible toy market is experiencing a surge, highlighted by the auction of the original mint green LABUBU for 1.08 million yuan and a limited edition brown version for 820,000 yuan, leading to long queues in cities across Europe, America, and Japan [1] - The materials used for LABUBU are primarily PVC-based, combined with resin particles, plasticizers, and heat stabilizers, with companies like Jinfat Technology supplying eco-friendly modified plastics [1][4] - The popularity of LABUBU has led to a significant rise in 3D printing stocks, with companies like Haizheng Materials and Jinchengzi seeing stock prices surge nearly 50% over three trading days [1] Group 2 - The iteration of LABUBU has increasingly utilized 3D printing technology, significantly reducing product iteration costs, with enthusiasts earning substantial income by sharing and printing LABUBU models [2] - Common consumer-grade 3D printing polymers include PLA, ABS, PETG, and others, with notable companies in the sector such as Arkema and eSUN, and Haizheng Materials being the first in China to commercialize PLA production [4] - The sales of PLA in the 3D printing sector have seen a remarkable increase of 185.67% year-on-year, marking a historic high, with Haizheng Materials developing specialized resins for this market [4] Group 3 - The cost of producing a LABUBU model using PLA is approximately 3 yuan, with traditional methods taking 2-3 months for iteration compared to just 7 days using digital modeling and SLS technology [5] - The aesthetic requirements of LABUBU can be easily achieved through FDM technology, which is widely used in consumer-level 3D printing [5] - Bubble Mart has initiated a 3D printing customization service, which has seen a price increase from 99 yuan to 899 yuan within three months, achieving a high repurchase rate of 45% [5] Group 4 - The success of LABUBU is attributed to a combination of capital logic, consumer psychology, and advancements in 3D printing technology, contributing positively to the economy and consumer sentiment [6]

浙江师范大学 胡仲略 副教授 将在 6.19（周四） 晚上， 19:00-20:00 ，为大家分享 《螺杆挤出式 增材制造技术研究前沿与进展》 的线上课程，欢迎大家扫码联系免费观看！ 欢迎扫码进群观看 3D 打印碳纤维增强聚合物复合材料的力学性能在工程应用中至关重要，但通过材料挤压制备高性能 复合材料仍面临挑战。 熔丝制造基于细丝挤出的本质，其挤丝速度慢以及打印PEEK-CF样品的强度相对较低，已成为大规 模运用的主要障碍。但基于 螺杆挤出的增材制造（SEAM） ，相比于传统的FFF工艺（材料挤 出），它准许更高的增强材料负载以及拥有更高的挤丝速度。 浙江师范大学的胡仲略副教授 ，在其 研究成果中曾公开了一种 使用定制的螺杆挤出3D打印机直接打印高含量的颗粒状碳纤维填充聚醚醚 酮-碳纤维复合材料（含有高达 30 wt% CF） 的方法。 该研究通过一台自设计的 螺杆挤出3D打印机 成功打印出了含有高达 30 wt% 碳 纤 维 的 高 强 度 PEEK-CF复合颗粒 ，且有以下特点： （1）PEEK-30CF的拉伸强度达到 190.5 MPa ，这一数值是未填充PEEK（92.8 MPa）的两倍多。 （2）打 ...

Summary of 3D Printing Industry Analysis and Outlook Industry Overview - The 3D printing industry peaked during the pandemic, with leading brands achieving revenues of around 1 billion. Post-pandemic, the market stabilized, but companies like Tuozhu are driving product innovation and user base expansion, leading to an upward trend in the industry. Future growth is expected to be fueled by popular IPs and small business models [1][3]. Key Players - Current major players in the market include Tuozhu, Chuangxiang 3D, Zhongwei Lifang, and others. Tuozhu leads with revenues between 5-6 billion, followed by Chuangxiang 3D at around 2 billion, and the others at approximately 1-1.5 billion. The traditional FDM printer market is highly competitive, with Tuozhu dominating [1][4]. Financial Metrics - In the 3D printing industry, equipment gross margins typically require around 50%, while consumables have lower margins, generally between 35% and 40%. For example, a company's equipment revenue is approximately 4 times that of its consumables revenue [5][6]. Market Share and Trends - The domestic market share is relatively small, around 15%-20%, but is gradually increasing. The overseas market remains a key focus, with the U.S. being the largest single market. Different brands have traditional advantages in various regions [7]. Product Development and Sales Strategy - Tuozhu's rapid growth is attributed to its talented core team, effective marketing strategies, and innovations in high-speed, multi-color, and user-friendly products. The company aims for sales of 6-8 billion or 9 billion by 2025, with a growth rate of 50%-60%, lower than the previous year's 100% [2][18][24]. Product Pricing - Tuozhu's DIY products are priced between 200 to 300 USD, while flagship machines range from 1,000 to 1,500 USD. The expected shipment volume for each product series is between 100,000 to 200,000 units, with an overall shipment target of 500,000 to 800,000 units [25][26]. Technological Insights - The main technology in the consumer-grade market is FDM, which has not seen significant updates in the past decade. New product forms are emerging, but FDM remains dominant. SLA technology is used in specialized fields but is less common in consumer applications [13][14]. Consumer Insights - Learning to use desktop 3D printers is relatively quick, taking about 1-2 weeks for beginners. Entry-level machines cost around 1,000 RMB, and material costs are approximately 0.01 RMB per gram [7][8]. Challenges and Risks - Tuozhu faced challenges with the launch of a high-end 3D scanner due to a broken partnership with a supplier, which has delayed the project. The company is currently seeking new suppliers [27]. Conclusion - The 3D printing industry is poised for growth, driven by innovation and market expansion. However, challenges such as competition and supply chain issues remain critical factors to monitor. The focus on overseas markets and product differentiation will be key strategies for companies like Tuozhu to maintain their competitive edge [20][24].

Company Announcements - Jin Chengzi's 3D printing equipment product revenue is expected to account for less than 2% of the company's total revenue in 2024 [1] - Shan Shui Technology plans to invest approximately 6 billion yuan to establish a new chemical new materials project [1] - Jie Chuang Intelligent has won a procurement project from a provincial public security bureau worth 11.2362 million yuan [1] - Zhongmei Energy reported a coal sales volume of 21.79 million tons in May, a year-on-year decrease of 4.9% [2] - Da Fu Technology intends to transfer 27% equity of Peitian Zhizao for 192 million yuan [1] - Midea Group plans to repurchase company shares worth between 5 billion and 10 billion yuan [2] - Feitian Chengxin's director and deputy general manager Li Wei plans to reduce his holdings by no more than 4 million shares [2] - Dongfang Shenghong's controlling shareholder and concerted actors plan to increase their holdings by 5 billion to 10 billion yuan [2] - Wuzhou Xinchun intends to raise no more than 1 billion yuan through a private placement [1] - Jingu Co. has received a notification for the low-carbon wheel project from Avatar [1]

Market Overview - The market experienced a slight recovery with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing up by 0.35%, 0.41%, and 0.66% respectively, with over 3,500 stocks rising and more than 1,600 stocks declining [4] 3D Printing Sector - The 3D printing sector saw significant gains, with an overall increase of 2.29%. Key stocks included Jin Chengzi and Hai Zheng Sheng Cai, both hitting the daily limit up [7][8] - The surge was attributed to the popularity of Labubu models from Pop Mart, leading to increased interest and sales in the 3D printing community, with some individuals reportedly earning over 100,000 from printing these models [8] Stablecoin Concept - The stablecoin sector experienced a collective surge following a 25% increase in Circle, the first stablecoin stock in the US. Ant Group concept stocks led the charge, with notable gains from companies like Xiexin Nengke and Jinshi Technology, both hitting the daily limit up [11] - The Ant Group concept stocks and digital currency concept stocks rose by 3.91% and 4.81% respectively, indicating a strong market response to external developments [11] IP Economy - The IP economy sector showed robust performance, with stocks like Yuanlong Yatu and Cuihua Jewelry achieving consecutive limit ups. The sector overall rose by 2.3% [13] - The rise in the IP economy was linked to the performance of Pop Mart, with various sectors including media, games, and fashion benefiting from the trend [13] Oil Service Sector - The oil service sector opened strongly with companies like Shandong Molong and Zhun Oil Co. achieving consecutive limit ups, although many stocks in the sector experienced pullbacks after initial gains [4] Other Notable Movements - The market also saw localized strength in sectors such as innovative pharmaceuticals, real estate, and computing power, while gold and cyclical stocks faced declines [4]

Group 1 - Leifen's electric toothbrush faced a pre-launch information leak, leading to strict internal monitoring and employee dissatisfaction due to reduced external connections [1] - A key marketing department leader at Leifen switched to a competitor, resulting in similar marketing materials and a competitive disadvantage for Leifen [1] - The 3D printing industry is experiencing internal turmoil as founders dispute over profit-sharing, causing potential employee exits [2] Group 2 - The lawn mower industry is seeing aggressive competition, with companies signing exclusive agreements with suppliers to prevent them from supplying competitors [3] - Many companies in the lawn mower sector are under pressure from performance guarantees, risking significant financial penalties if they fail to meet order commitments [3] - A major vacuum cleaner company is experiencing frequent executive changes, with high demands from the owner leading to operational challenges [4] Group 3 - A well-regarded CEO at a cleaning robot company is hands-on in decision-making, taking responsibility for mistakes and encouraging employee input [5] - A new robotics company is facing severe employee turnover and financial strain despite significant investment, indicating management issues [6] - DJI's release of a competitively priced drone has severely impacted Zero Zero Technology's sales, leading to a cash flow crisis [7] Group 4 - Plaud, an AI hardware company, plans to hire 300 AI engineers and expand its workforce to 1,000, aiming for significant market growth [7] - A robot company preparing for an IPO is facing high return rates on a competitively priced lawn mower product due to design flaws [8]